Enables IT Share Discussion Threads

[brando69] 17/3/2013 10:51

bishopawn

you've backed an uberhound here, just admit it and move on. i've still got a few of these but they are not so much in the bottom draw, as kept to remind me of the foolishness of past decisions i've made.

[bishopawn] 17/3/2013 08:40

After checking, it looks likely that SF Webb Smaller Cos Growth Fund have sold their stake, which on 26/11/2012 was 755,188 shares (4.8%). It remains to be seen whether a new investor wants to take these shares up, ahead of further funding to assist the growth strategies of the board, in particular the funding of acquisitions.

[bishopawn] 17/3/2013 00:11

786,522

went through at 4.33 p.m., just after close, at 10 pence.

Very big trade given the total number of shares; about 4% of stock.

[bishopawn] 09/3/2013 14:53

The H&K contract will run for another 4 months...they had to give four months notice and during that period EnablesIT will implement their contigency plans they had in place for this situation, and I am presuming that Dornoch which serviced this contract will be shut down to reduce overhead costs. So as the CEO has stated, these measures will minimize the impact. Plus EnablesIT has income of £4.5 million EXCLUDING the H&K contract and 250-300 other clients.

So the savage drop by the market makers was silly and right up their street to get dirt cheap stock. Unfortunately for them there were this week more shares bought than sold and they may not have the stock to deliver at the minute, thus the small rise on Friday to try to bring out a few more sellers.

Ahead of more positive news re contracts and acquisitions, we may bump along the bottom for a little while longer. That is an opportunity in my view for those prepared to take a punt.

[bishopawn] 08/3/2013 14:54

no big sellers and buyers always in the wings for a silly drop like this week.

[brando69] 06/3/2013 13:01

never understand the average down in a dog approach... why not just improve your overall average by buying a share that is going up instead?

[mds2028] 06/3/2013 12:45

can we please be sensible re stake building, 20,000 shares is nothing!
being of the year it would be £3k i.e a PI today its only £1,600.
what you are watching is small PI's chasing the knife / averaging down.
shares in issue 15.8M so basic maths 20,000 shares is 0.1%.

The price reflects the gamble, thing its a good price to gamble now, painful for those that have been here for a few years though (yes I am one). don't get excited over stake building when I average down in the near future.

getting all the bad news out the way for the AGM I suspect, good news (if any) being held for the AGM. Any one going?

[brando69] 06/3/2013 10:16

oh dear oh dear oh dear

[ironstorm] 06/3/2013 09:58

I agree with you. I would be holding off for some better news - which has been hinted at. But they do need to start to deliver.

And I suspect even when they start delivering there will be a while before Mr Market catches up. Giving plenty of opportunity to buy in at rock bottom prices.

[sweepie2] 06/3/2013 09:35

Also financial impact only to be felt in Q4 of current year so it does give them breathing space to replace lost revenue

[sweepie2] 06/3/2013 09:22

Yes true but the fact that nothing was released to sweeten this poison pill means that there is no new major contracts just waiting to be released, if you believe that MW has the right strategy then this news gives the opp to add at rock bottom prices. But after being disappointed so many times over the years its probably better to wait as they will probably lutch to another disaster very soon.
Except for going bust which their accounts do not suggest at the moment surely it can't get much worse than this

[ironstorm] 06/3/2013 08:48

They have expected this for a while haven't they.

There may be some upside from this during the year though as moving suppliers actually costs a bit and they won't be in a mood to discount, so hopefully some one-off revenues that will minimise the impact.

I don't think this is the same company by any stretch.

Anyway they need to demonstrate the success of the new strategy. That will make or break it longer term.

[bishopawn] 04/3/2013 15:11

It seems they are not in any rush...and only buying after there has been sufficient shares sold for a worthwhile tranch of shares that are on offer from the market makers. It looks like they are going to take up parcels of about 20,000 shares "as and when". At that rate we could be some way off an RNS re a 3% stake.

However, having got their first 100,000/150,000 dirt cheap, they might be prepared to get more aggressive and be prepared to pay considerably more than today's price, at which point, with the price back to its origianl price of 30 pence they may then be at the 3% mark.

Pure speculation this is, in the light of the mopping-up operation that I have spotted. But I do feel that there is an investment opportunity here whilst the share is bumping along the bottom.

Good luck.

[brando69] 04/3/2013 12:08

which one of those is you bishopsfinger?

[ironstorm] 04/3/2013 12:07

So before long we could see a holdings RNS then . . . .

[bishopawn] 04/3/2013 11:31

Major share holdings at start of trading on 26th November 2012:-

Richardson 129,290 (0.82%)
Paterson 266,279 (1.69%)
Stoddard Stones 266,282 (1.69%)
SF Webb Small Companies Growth Fund 755,188 (4.80%)
Martin Bradburn 4,092,619 (25.85%)
Michael Walliss 7,591,378 (47.92%)

Total: 13,101,436 (82.75%)

(Total Shares in Issue 3/12/2012 : 15,842,425

That means that probably only 2,740,989 shares are in the hands of the general public.

If a new stakebuilder is on the scene early, then this small free float will be tightened up even more in the coming weeks in my opinion.
Once the stake gets to a total of 475,273 shares, the investor would have 3% (i.e. three percent of 15,842,425 shares in issue)and that is notifiable, as I understand it.

[ironstorm] 04/3/2013 08:41

how long at that rate before a notifiable stake?

[bishopawn] 03/3/2013 23:52

There's that buyer again, mopping up the slack with a purchase of 24,000 shares.
24th January...20,000 at 17.75 pence.
1st February...20,000 at 17.75 pence.
1st March......24,000 at 14.75 pence.

I expect to see this repeated whilst the price is bumping along the bottom.

[bishopawn] 27/2/2013 22:01

As I said previously, (this is pure speculation)..

- I am watching Churchhill Media (unlisted) which is currently funded by Concha until 13th March to the tune of £600,000.
- Concha is suspended ahead of announcing two new investments, presumably once Churchill Media returns the loan of £600,000 before 13th March.
- Could Enables IT be one of these targetted investment and for that matter could Enables be interested in buying Churchill Media?

[ironstorm] 27/2/2013 16:00

I used to work in the sector in London and there are loads of small IT services companies in the field. Too small to do too much and with the recent collapse of 2E2 not very attractive to new customers.

Some of these must be ripe for taking over and would offer cheap expansion - probably cheaper than a bid and win strategy would . . .

[bishopawn] 27/2/2013 15:55

"To support the development of the Group the Board continues to look
to strengthen our Sales and Marketing department by the recruitment of a
senior individual.

As part of the reverse takeover strategy we are committed to not
only growing our business organically, but through selective acquisitions both
in the UK and US. The implementation of this strategy is already well
advanced."

This part of the statement suggests news fairly soon about aquisitions.

[bishopawn] 27/2/2013 15:52

EXTRACTS FROM CHIEF EXECUTIVE OFFICER'S STATEMENT

One of the reasons for wanting to undertake the reverse takeover
was to have the opportunity to raise funds to help us undertake a number of
strategic acquisitions. The investment will help us accelerate a full service
offering, enhancing the group's technical capabilities and attract new larger
corporate customers. This will strengthen the business and minimise our
reliance on a small number of existing large customers, and through delivery
of increased profits, will create real value for our shareholders.

The UK operational centre has growth capability to allow us to
quadruple the size of our managed service desk and double our professional
services and project management teams along with a technical benching testing
and development room for our customers to see their future technology in
action.

Whilst we anticipate current market conditions will be challenging, we are committed to ensure organic growth is continued and deal with the opportunities that will come from our anticipated
acquisitions.

Following on from the takeover transaction we have changed a number
of roles within the business and also created a few new ones to ensure the
company structure continues to be effective and positioned to deal with future
growth. This is well advanced and continues to deliver the efficiencies that
were identified in advance of the takeover.

In the last six months we have strengthened our US data centre by
further investment in our cloud platform `HAVEN', and are seeing further good
growth by new and existing US customers. Our focus is to change previous
arrangements by using the majority of HAVEN as colocation and transferring the
data centre to a fully cloud platform offering. We believe this will not only
be financially beneficial to existing and new customers, but will offer up to
100% uptime and present a solution to changing data storage compliance. To
compliment this offering and having already launched our UK Cloud platform in
November 2012 through our Tier 1 Partner in London, our focus and future
development will be to have both data centre platforms fully replicated.

To compliment this strategy we now have accreditation with world
leading technology partners with EMC (Data Storage), VMWare (Cloud
Virtualisation Software), Microsoft (Business Operating Systems), Cisco
(Network and Security), Good (BYOD - Secure Mobility solutions), Meru
(Wireless Infrastructure), to name but a few.

Outlook

The consolidation of the Group is nearing completion and is
expected to be finalised by the end of March 2013 enhancing the Group's
service capabilities. The full integration of both the US and UK Managed
Service Desk offering a true world-wide dedicated 24/7 support and monitoring
service. This will not only strengthen the Group's profitability by driving up
efficiencies, but will allow the group marketing opportunities to a wider
audience due to better in house capabilities with dedicated resource.

To support the development of the Group the Board continues to look
to strengthen our Sales and Marketing department by the recruitment of a
senior individual.

As part of the reverse takeover strategy we are committed to not
only growing our business organically, but through selective acquisitions both
in the UK and US. The implementation of this strategy is already well
advanced.

In addition to this, we continue to work closely with one of our
major client's to conclude a longer term contractual situation that will be
beneficial to them and to the Group. The reliance on this one customer has now
been significantly reduced following the successful reverse takeover.

Trading for the current financial year has started well considering
the integration process and is in line with management's expectations.

Michael Walliss
Chief Executive Officer

[ironstorm] 26/2/2013 10:19

So results out for last year - with expansion on the cards for this year.

Seems positive - perhaps it will turn the corner now.