Supporta Share Discussion Threads

[longshanks] 08/4/2008 07:20

I sent an email to the company asking why we hadn't had it...et voila.


Pre-close statement


The Company issues its pre-close trading statement ahead of its preliminary
results for the year ended 31 March 2008, which are due to be announced on 23
June 2008. Earnings before interest, taxation, exceptional items and
amortisation for the year to 31 March 2008 will be in line with what was
communicated to the market on 23 January 2008, that is, not less than £2.95
million.


Have to say - the company isn't trying to win any friends with this statement. Seems almost contemptuous of the way the market has valued the shares. They seem very specific about the minimum level of pre-tax profit...without giving any indication of what the upper level might be. My guess is that they want to fill their boots at the right time prior to a cheap take-out by Rob Morton - but on the basis of this statement it is better to wait a while yet before buying in.

[longshanks] 01/4/2008 16:55

a week late on delivering the updated trading statement they promised last January.

I'm looking for a good point to get into this one but it just seems to get walked down time and time again. This inspite of Ginkgo Investments pretty much taking up whatever stock has been sold to the market.

[latifs100] 04/1/2008 15:57

AT 5 YEAR LOWS, 37p, 24.5 mil turonover, profit of 350k, recent director purchases, and acquisitons, one for the long term?

[longshanks] 18/5/2007 11:09

Gingko - continuing to acquire more. Now above 8%.

Starting to look less like a strategic investment and more like a building up of the stake prior to a bid. I wonder if they are related to Mears....

[longshanks] 10/5/2007 15:04

I don't know who Gingko are - but interestingly they had a similar sized holding in CareForce prior to it being taken over by Mears Group.

This looks ripe for recovery.

[longshanks] 18/4/2007 09:56

If this is a normal if strange occurrence - so be it.

...I don't hold enough shares to make it worth exploiting - I would only gain a few quid after the transaction costs - but I shall consider myself lucky!

You (and anyone else for that matter) is welcome to take advantage of the situation and profit from it.

[gausie] 18/4/2007 09:18

So why dont you sell the shares you have at 59p and buy them back at 58p? Why would you need spare cash?

If there's genuinely an arb opportunity then sieze it - these things are like lost 20 pound notes - they exist from time to time but they usually get snapped up so quick that you cant find them unless you stumble on one.

There's no point searching for arbs - but similarly its daft to leave them for someone else to profit from.

[longshanks] 17/4/2007 23:45

LOL Gausie. I've already bought in at 55p. If I had a spare £5K or so idly sitting around, maybe I could be tempted to do so but really I see this as a serious long-term investment rather than wanting to make a couple of quid on a turn.

My point is that there is something going on. The oddity of having a bid price above the offer is strange enough but we've had 5% of the company traded today at the maximum offer price and yet there is no movement in the share price at all.

Equally I can't see why this company hasn't attracted more attention - or held its price better over the last year.

[longshanks] 17/4/2007 15:38

Can anyone explain this?

On iWeb - I can currently buy 10,000 shares at 58p. However, if I wanted, I could also sell 10,000 shares at 59p!!

Is one broker not talking to another?

[longshanks] 16/4/2007 13:49

Fun and games happening today

Bid price appears to have dropped and yet there have only been purchases...and...the quoted bid price when looking to sell is 59p and not 56p as indicated.

You can however now buy stock in automatic trading above the NMS.

IMHO if no sales are announce by end of the day, the bid will jump tomorrow to 65p

[longshanks] 12/4/2007 09:09

Some serious buying yesterday and yet the price hardly budged. This share could be about to get some deserved love and affection...

EDIT @ 10:12

Price has surged as I thought it would and now automated buying is restricted to NMS of 500 shares with a very narrow spread. The buyers yesterday, by the size of the trades, appeared to be an institution with a view to a long-term hold...so I feel this has alot further to go until MM's can coax some sellers into the market.

IMHO, the drift in this company's share price has not been justified. Their record of growth is astounding and is exactly what investment funds are looking for. Where one institution goes others will follow and I expect this share to outperform substantially over the next 12 months.

[the claw] 11/3/2007 17:41

Does anyone still think that this is a growth story? Particularly following the departure of Bob Holt from the Board, which takes some of the gloss off it.

[phillis] 30/1/2007 18:15

Strange
Our departing CEO was given share options in December in repect of relocation expenses

[phillis] 12/1/2007 15:20

Tone

Have you got spots before the eyes?

Or are you being sued for libel?

[phillis] 12/11/2006 20:11

Hi Tonester.
Reported CSH to AIM a couple of weeks ago - no longer a holder!

Yes have been a holder in SOR since late 04 when I noticed that Peter Webb at Unicorn was an investor.
Bought between 44 and 50p.
Not sure I like the move away from the social service side but RPS seem to do OK
What do you know about BAY?

[kardiff] 10/11/2006 14:37

Confirms the widely held view that engineers are poorly paid.

Good to see some positive movement with the IQE share price today.