Epe Special Opportunities Share Discussion Threads

[josels] 09/8/2010 17:24

3 BULLISH SIGNALS TODAY from Recognia - I didnt realise you can get from Interactve 1nvestors

(Check each event and then select "View chart for checked events")

Link to Tech chart

https://site.recognia.com/interactiveinvestor/serve.shtml?ref=event_lookup&sid=493311994&page=event_lookup&instrument_type=S&symbol=ifl.L&exchange=LONDON

[josels] 05/8/2010 22:17

I've also noticed that oil is under-performing. Crude has been a good lead indicator many times in the past. The lower liquidity in oil vs stocks and fx often reveals trends earlier as bigger and more knowledgeable players struggle to unload their book in a thin market. However the volume is very very low, so I wouldn't read too much into any divergence just yet. It wouldn't take much buying to turn the picture around.

[josels] 29/7/2010 23:05

Any views in anticipation of 3.30 today? Short or long from $77. Quick answers appreciated



I would wait for the EIA stats first. The time series is too erratic to second guess and the API numbers (released last night (-21.30 hours on tuesday evening -jls)) are even less reliable. I'm surprised how easily the market was repulsed from the $80 area. I still fancy another attempt higher in the coming week or two. However a break and close below $74.70 would raise a warning flag. Big picture, crude is trading sideways between $70 and $80 so current levels are a bit of a no man's land.

daniel - 28 Jul'10 - 14:35 - 6861 of 6863


Thanks so much Ad67, your posts are like an oil trader's ref guide.

thegreatgeraldo - 28 Jul'10 - 15:45 - 6862 of 6863


Huge jump in crude imports (up to 11.2mmbblsd) which explains the jump in stocks, all accounted for by the jump in stocks held on the Gulf Coast

ad1967mc - 28 Jul'10 - 15:58 - 6863 of 6863


Indeed. The inventories are following last years bloated pattern, which should mean total (crude + product stockpiles) will top out in the next few weeks or so. From a fundamental perspective it's hard to be bullish, but so long as equities (particularly Asia) and other commodities remain strong and the Dollar is weak, then it's also hard to be bearish. Hence the broad trading range, as bulls and bears battle it out, which makes it a short-term traders market.

[josels] 29/7/2010 14:05

Good news from the USD
good for equities
bad for gold
euro very strong

[josels] 21/7/2010 18:07

Every week the US energy department releases data, usually at 3.30pm on a Wednesday. It is always market moving, often materially so.

In today's case the builds in inventory were bigger than expected:

[hugepants] 09/3/2010 09:54

TIDMESO

RNS Number : 2870I
EPE Special Opportunities PLC
09 March 2010

EPE Special Opportunities PLC

NET ASSET VALUE

The Directors of EPE Special Opportunities PLC wish to announce that the NAV at
28 February 2010 was 72.98 pence per share.


Enquiries:


+-------------------------------------------+----------------------------------------------------------+
| EPIC Private Equity | James Henderson, EPIC Private Equity |
| | Phone: [phone] |
+-------------------------------------------+----------------------------------------------------------+
| | |
+-------------------------------------------+----------------------------------------------------------+
| | Richard Spiegelberg, Cardew Group |
| | Phone: [phone] |
+-------------------------------------------+----------------------------------------------------------+


Disclaimer: This valuation, which has been prepared in good faith by the
Company's investment adviser, is for information purposes only. It is derived
from unaudited estimated valuations of the Company's underlying investments
based on information received by the investment adviser which may relate to
dates or periods some time before the date of this valuation. Such estimates
may be subject to little verification or other due diligence and may not comply
with generally accepted accounting practices or other generally accepted
valuation principles. If a valuation estimate subsequently proves to be
incorrect, no adjustment is expected to be made to any previously published
estimated net asset value.


This information is provided by RNS
The company news service from the London Stock Exchange
END

NAVUGUPWWUPUUBB

[josels] 30/1/2010 18:28

AIM stocks

[josels] 30/1/2010 18:18

https://web.streetauthority.com/terms/doji.asp

[hugepants] 19/1/2010 13:05

Invests in distressed equity often off the adminstrators as in the case of Whittards of Chelsea in December 2008

Discount ito NAV is 56%



There are 26.5M shares in issue

From interims:


NAV = 72p per share
Cash = 25p per share
Net working capital = 27.5p per share


The 2 main investments are retailers Past Times and Whittards of Chelsea. From the website:

Past Times
Retailer of historically themed goods with £47 million turnover and 96 stores in 2005. Acquired from Retail Variations plc, which at the time was experiencing difficulties due to cross-guarantees, onerous leases, excessive head office cost and loss-making sister companies. ESO plc invested £7.8 million in 2005 and effected a restructuring plan by reducing head office costs, closing loss-making international operations and reducing the store portfolio to its profitable core. The appointment of a new CEO (Mike Taylor, formerly of Budgens) and the implementation of a new strategy has built on the stable foundation of the restructuring to effect a £3.1 million turnaround in profitability: from a loss of £2.7million EBITDA in the year ending 30 April 2007 to profit of £0.4 million EBITDA in the year ending 30 April 2009. This has been driven by cost reduction and significant sales growth of 23% to £37 million in the year ending April 2009.

Whittard of Chelsea
Retailer of specialist teas, coffees and related homeware and gifts.Quintessentially British brand with no direct competition. 30% of tea and coffee custom is repeat business focused on specific product lines, with the residual custom largely gift-led and tourist targeted. The company was acquired in 2005 by Baugur in a transaction with an enterprise value of £21.5 million, 5.7x EBITDA of £3.7 million (£46.1 million sales). At the time of acquisition by ESO plc the business had 128 stores, turnover of £43 million and an EBITDA loss of £4 million which the insolvent Baugur and Landsbanki were unable to support. Losses were primarily due to over-expansion, loss-making stores and excessive head office cost. However, around 50% of the stores were profitable with some exceptionally profitable. EPE entered negotiations with Landsbanki and Baugur to acquire the business, ultimately acquiring it out of administration. The business was acquired for £0.6 million, with asset-backing provided by day-one stock of £4.7 million and running stock levels of £2.2 million. The restructuring plan involved the closure of 48 of 128 stores, the closure and re-location of the head office and rationalization of distribution channels. The restructured entity is expected to generate £29 million turnover in the year to 31 December 2009.

[josels] 14/1/2010 12:52

.thats ok no advice intended .An inside bar within the shadow of the previous days.I buy the break of the high of the inside bar next trading day (plus a couple of ticks) with a stop at break of the low of the inside bar.
It worked well on the 4/01/10 as i checked out at 1188.Wish i had sold the core holding as well now....lol.These declines are getting tedious but i hope that eventually it will prove its worth.
In the mean time waiting for a similar set up again for a trading batch
If it breaks the neckline of the H&S the core will go in the bin ,but i,m hoping its being painted as a bear trap.....imho
H&S link

[josels] 14/1/2010 12:39

P-G- Pie 14 Jan'10 - 11:51 - 9447 of 9452



Until i see an inside reversal bar like on 31/12/09 thats elected by the next trading day i won't be buying either.It was looking promising earlier that one may be forming but thats off the menu now.It doesn,t get you in at the very bottom but if they play out that doesn,t bother me..imho

[josels] 08/11/2009 22:54

high frequency trading