Venture Life Share Discussion Threads

[apad] 17/1/2017 08:00

Paul Scott is good on TAX.
apad

[redartbmud] 17/1/2017 07:56

Because the world is full of banks, it doesn't mean that they are either good or efficient at what they do. A specialist can be lean and mean.
A generalization but there you go.

red

[apad] 17/1/2017 07:29

FairFx FFX trading statement is very good.

I use it for foreign currency and the product/service is excellent.
What I don't understand is that the world is full of banks and this company can thrive.

apad

[redartbmud] 16/1/2017 19:59

APAD

Defence - agreed. Not sure when it will turn. The companies need big investment on product development, with no guarantee on sales.

Goodwin.
Always a long term play. and the term appears to be getting longer. Because it is family controlled, they can do things in their own way, in their own time. I am sure that the products that they are now developing will be successful but who can say when that may be.
Perhaps better out than in, for now.
Don't beat yourself up we all make the same mistake, over nd over and over again.


red

[apad] 16/1/2017 18:13

Why am I watching bloody GDWN stew in it's own juice?
It's the only red cell in my spreadsheet.
Every time I see it, it reminds me of how someone with my experience, beauty and intellectual rigour can be a right pillock.
apad

[apad] 16/1/2017 16:33

IGG, +14% on my buy price, looks to be moving upwards slowly but solidly.
FWIW
apad

[redartbmud] 16/1/2017 15:50

Lanc

Thanks, I looked at them some time ago. Sadly, I am not feeling the love. I am not sure about growth.
Good luck.

red

[lancasterbomber] 16/1/2017 14:44

Brought MBH Michelmersh , today on a decent trading update, reckon they have bottomed now and with all the house building the government is talking about should rise nicely from here

[redartbmud] 16/1/2017 12:11

I rarely use Barclays, but today I nipped in to check if a transaction had been completed.

There was a flash machine that lit up and grunted, but failed to produce a result for my request, despite dispensing 4 sheets of useless paper.
I moved on to an even flashier job that looked the business, but which I could not access to resolve my query. Having mastered HMRC systems I was deflated so, I summoned a lad, who looked like he should still be wearing short trousers and probably didn't shave.
Despite his rigorous training, probably at enormous expense, he did produce the said item on the enormous screen that displayed the size of my worldly possessions to everyone present, and most of those on the ground floor of the adjacent Wilkinsons. Unfortunately, he was unable to produce he said printout as the technology was beyond his level of ability - as he freely confessed.
The wonders of modern technology in banking.

red

[redartbmud] 16/1/2017 12:02

APAD

Bullseye.

Looks like the FD is in a precarious position.

red

[apad] 16/1/2017 07:30

Blimey, what a comprehensive demolition!
I'd viewed EfW as being the jewel in the crown!
apad

Four distinct risks in Energy-from-Waste
■ Counterparty risk: Potential renegotiation risk on the Greater Manchester Waste
contract – the largest municipal waste contract in Western Europe – suggest Viridor's
long-term contracts may not have fully 'de-risked' the pipeline of assets, in our view.
■ Pricing risk: We anticipate competitive pricing pressure as early as 2020E. We
forecast capacity will rise c50% over the coming three years and standard rate landfill
tonnage continues to decline. We think pricing could fall as low as £10/tonne in 2020E
with c22% downside to EPS, even if only merchant (not contracted) pricing is affected.
We continue model £70/tonne from 2021E.
■ Execution risk: Viridor terminated its contract with Interserve on construction of the
Glasgow EfW due to missed contractual delivery milestones. Pennon is clear there is
no risk to the technology, which is different from a recently abandoned gasification
project in NE England, but until the project is complete we see some potential risk on
delivery. We value Glasgow at £201m (c48p/share).
■ Financing risk: Pennon has cited a new hybrid bond as one potential option to help
finance the £252m Avonmouth energy-from-waste plant. The £300m hybrid raised in
2013 at 6.75% was c7% dilutive to EPS. If Pennon does raise a second hybrid to
finance Avonmouth, this could be c2-5% dilutive to EPS.

[apad] 16/1/2017 07:21

Following the 'dilution due to funding EfW' argument on PNN, red?

apad

[redartbmud] 15/1/2017 22:12

APAD

I will make sure that I am happy before I press the Red button. I would't want to do a Trump.

Pennon
Credit Suisse have put out a massive downgrade and sell recommendation.


red

[apad] 15/1/2017 17:14

red,
Don't submit in a hurry. Zen and the art of checking for errors. It's a real nightmare if you submit and have to backtrack, because a person is involved, rather than a software procedure!
QTX rns due this week. Might buy some more tomorrow - walk on the wild side.
apad

[redartbmud] 15/1/2017 15:10

I don't believe it!
Finally, I have completed my tax return on HMRC website. All I nee to do is check for errors and then submit. My life will then resume.

red

[apad] 15/1/2017 08:06

Soooo many scary shares, mod :-)

70k sale on QTX last week. Sticking to my viewpoint. Will increase if I can buy for less than £3.

Interesting comment on SOU from the LSE board. Some of these folks know so much about drilling for oil & gas!

"Just got back from a visit from the Po valley, been running the rule over Saffron energy, met with a very knowledgeable geologist by the name of Gissepi, ex agip/ eni, 65 years old, with life long experience of drilling wells in the area, now if like me you have been asking yourself if Badile is so good then why hasn't it been drilled before, apparently agip were forced to sell off large tracts of acreage in the 90,s by the EU,s monopolies commission.
Poured over historical siesmic data of the area (courtesy of agip)with Gissepi, and the whole valley, is littered with gas wells, so very much a hydrocarbon fairway.
In the day, agip walked away from anything below 20bcf, according to Gissepi, obviously very commercial today, so the area in general has a lot of untapped potential.
Gissepi is well aware of SOU and it's up coming drill, and stated how important it is for the area, being a large target, his personal opinion is SOU will be successful. Intrestingly, he said that permitting time, is now a focal point in Italy, with government looking to reduce permitting times substantially, as inward investment has suffered consequently,so if Badile hits, I'm expecting Zebedee, to be permitted a lot quicker.
Personally I now understand after a day spent with Gissepi, disscusing the areas potential, why JP joined for Badile, and why we've retained a large %, good luck to us all, and hopefully the above will be of some help.:)"

apad

[fozzie] 14/1/2017 23:03

I lost 3k in ECV it looked pretty good too. Same people involved I would imagine?

[thelongandtheshortandthetall] 14/1/2017 21:21

I remember seeing some of there charging points. Quiet liked them before but dropped looking further for some reason. Thanks for heads up will look again.

APAD wont like the idea of TAX, not in his neck of the woods :)

[modform] 14/1/2017 21:05

Apad, if your small cap list is empty, this is something I posted on the zulu thread a few days ago. Not a recommendation and high risk

I have been taking a small position in TAX. The company was formed when Eco City Vehicle bought Tax Computer System via a reverse takeover and renamed the company Tax Systems. They paid 73m for Tax computer system but the current mcap is 53m.

It's not usually the stock I buy because I don't like the chart but the fundamentals look compelling. The business growth fund who are very sharp cookies have taken a decent stake.

There's no broker forecast available as the company is too young.

I like the company because it's operating in a very niche market with a large barrier to entry, and a healthy profit margin.

Sorry, difficult to dig information out on it as it's very young, and it's completely out of radar of many pi, and the best thing : there is no thread on advfn yet...

No advice or recommendation is intended. I have a vested interest albeit very small so if you buy, I may benefit, but WTFDIK(my disclaimer)

[apad] 14/1/2017 18:28

Dave,
I haven't researched FREE.
Most small companies frighten me witless.
It might be a wonderful company.
I do not know why anybody would be comfortable with a company of 100 employees that offers SaaS accounting to very small businesses.
No barrier to entry and a vast amount of competition.
From my (very biased) viewpoint it just doesn't warrant any further investigation. I might well be wrong, but there are lots of companies that are more interesting (and so warrant attention) and I still have an empty small caps watchlist!
FWIW
apad

"Walk between the raindrops."

[discodave4] 14/1/2017 14:10

APADAppreciate and respect your views and trying to learn more, so with respect to FREE:"That is one scary company!"What in particular do you find scary?ThanksDD

[thelongandtheshortandthetall] 13/1/2017 21:46

Oh dear sounds bad. Time for a break i feel Red.