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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eruma | ERU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.50 | 6.50 |
| Top Posts |
|---|
Posted at 21/3/2013 09:16 by whereareallthemugpuntersyachts KNIGEL you are so defensive about being called a P&D merchant you must have something to hide ? If you were a genuine investor you wouldn't feel the need to deny it you would just buy and hold and ignore anonymous BB chat. |
Posted at 19/3/2013 16:26 by loadsamonay Cheers 34Simon. Re free float - there is hardly any available. A lot is (or was at least) tightly held. So when a few folks try and buy at the same time the share price rockets up. At least that was the position last year. At this market cap if contracts come through, its only going to go one way. But we really could use a contract or two now.I;ve just built a position here over time with spare bits of cash from behind the sofa. U really get a chunk of the company for your money. At present my hope is based on the fact that they've succesfully kept the wolf from the door since October when running into financial difficulties. I regularly run a credit check on them, and debts are no worse now than back then. I find it hard to see they would be so committed (and investors so committed to help them out) if there werent some hope of major contracts here. But stranger things have happened in life I suppose. I wish those contracts would come through! I'm in this one rightly or wrongly until the end! |
Posted at 26/11/2012 09:46 by ihavenoclue ertgul ... what you did is definitely a con and IMHO theft. IF you felt it was going to rise at least another 100% you wouldn't have sold - you clearly just said that to try to con some weaker investors into buying to allow you to exit.Up to the point you said that you did nothing wrong .. it was the clear lie to try and allow you to dump that crossed the line. |
Posted at 17/11/2012 20:49 by drunken sailor I normally post on iii, but as the thread there is pretty dead I thought I would give you a one off here. I held ERU a very long time ago. I got out with a small profit and therefore do not feel bitter in anyway, however I keep any eye on things mainly to see how the 50:50 chance of them going bust I gave them does pan out and also there can be a lot to be gained from getting back into a stock that is genuinely turning round.I read the posts about reading the balance sheet. Do not just read the balance sheet, look at the P&L and the cash flow as well. It is easy to make one or sometimes 2 of them appear better than they really are, but you cannot fool all 3. Also do not just look at the latest but look at the trend across many previous reports. I have done this and it is crystal clear that ERU had been digging a bigger and bigger financial hole for itself for many years. However the second half of last year and the latest interims did give some hope that things were finally turning round. However it takes a lot longer to fill a hole in than it takes to dig it. Until the last release, I was cautiously optimistic, just not optimistic enough to get back in. One of the causes for that optimism was they did seem to be able to raise funds at a premium to their current price and that shows a lot of investor confidence. However the latest release has put pay to that. Racking up CCJs is another desperately bad sign that all confidence has gone from suppliers as well as investors. It is really hard to build confidence and so easy to destroy it. Will they survive this disaster? - I give them only a 25% chance. If they survive there will be a short term recovery in the SP, but I doubt it will get them back to where they were. They would still need to regularly raise new cash and with the share price consigned to the toilet due to lost confidence that will just get harder and harder. Do they still have a long term future? I give that only a 10% chance. Traders may be able to make a few quid if they are lucky, but I see this as a dead stock for investors and I will not be getting back in, though I will continue to watch because I think there is a lot to learn from the lessons here. So what went wrong? The security blinds are a good product, possibly the best in the world, however they serve a very niche market. You need to be very worried about the threat of bomb attack to want them as they only solve one of the many issues that a bomb attack causes (flying glass shredding everyone) they do not stop the building collapsing etc. There is a very cheap and not nearly so good way of reducing the flying glass problem and that is to put film on the windows. They have managed to get a few sales, but not enough and not regularly enough. The lighting is also good, but nothing that you can't get from a number of suppliers, who probably have a bigger share of the market over which to spread their overheads. My analysis of the lighting sector over a number of reports was they were probably buying the work as it was better to have some income rather than none, it was never going to deliver the sort of margins needed to achieve a bottom line profit. Overall I think if this does go down the tubes, either in the short term or the long term, it is a real shame as the security blinds are a world beating British product, maybe if a larger company with other related products bought that bit they would still get sold. However as far as shareholders are concerned, if this does go into administration then the debt is so big there will be nothing left from a sell off to pay anything back. Sorry to be so negative, but my advice is not to try to catch this falling knife, it will almost certainly slice your hand open. If you hold then you probably need to think about reducing your exposure, but hopefully nobody is in so deep that they can't afford to take the almost inevitable losses. |
Posted at 13/10/2012 18:36 by loadsamonay I am quite hopeful about eru. It really could be a wealth changer for investors if it comes good. The issues are well documented and cash flow among them, but hopefully things will turn in their favour soon. A few big contracts and the funds to start off the work on them (which im hoping we now have in place) could see things move. Of course there are risks, but if there weren't risks it wouldn't be priced cheaply. I topped up this week, and if it drifts back down to say 5p will add more. |
Posted at 05/10/2012 12:07 by cyprussteve WOW is all I can say I am both astonished and delighted that they managed to get it away at that premium why oh why would investors pay so much - surely ONLY if they absolutely knew there were big contracts literally virtually secured, and this funding will enable ERU to proceed, and also reduce bank indebtedness. |
Posted at 09/2/2012 15:50 by cyprussteve Undoubtedly this share is high risk - high benefit.BUT - if the newsflow on new contracts and possible international deals continue to come through, then the Company could easily transfer from loss into profit in the current year - with potentially a significant upside. Undoubtedly high risk high benefit but, the significant Director shareholdings suggest that there is confidence, and, the share is very much below investors radars, and can move very fast on positive news, as the shares are so tightly held. Just my own views as always, Steve |
Posted at 15/12/2011 13:56 by cyprussteve Has anybody noticed how fast this share price can move on just a few trades ? - the shares are VERY tightly held, and, it would only take a couple of decent size contract wins or deals to turn this Company into profit, and a significant re-rating.Very difficult to buy in any quantity online. I have confidence in the Directors here - they have significant personal shareholdings, and excellent track records. In my own view - ( pehaps biassed as I have an investment here) - this is in a growth market, and, offers an excellent speculative opportunity. Few holders seem willing to sell, and, it ticks up on very few buys, as it is at present below most investors radars, the market cap is only £1.6m, and only 17m shares in issue. |
Posted at 07/11/2011 08:50 by cyprussteve Level 2 showing 4 v 2 - it seems to be difficult to buy more than 5,000 shares online,without going through to your broker, and, it is hard to avoid the impression that the mm's are extremely short of shares - every buy seems to be ticking it up.As in my previous postings, I have significant confidence that ERU will be in profit during the second half year, and then we can expect a major re-rating. It seems that other investors are coming to the same view, and are taking the opportunity to buy at the current extremely low market cap. Good luck all. Steve |
Posted at 20/10/2011 01:52 by cyprussteve Thanks, dropside.Excellent point regarding the tax losses - this is clearly hugely significant as the Company progresses towards profit - it effectively gives them a "tax holiday" of their first £5.5m profit !!!! ( I am not familiar with the exact provisions of the Inland Revenue on this, or the timescale involved) The key questions I asked myself before investing were as follows: 1) Do I have confidence in the quality, track record, and experience of the BOD ? - the answer is, "Yes I do - very much so" - see link below. 2) Do I believe in their product ? This was an area I knew little about, so, I made extensive enquiries from many previous business colleagues who are in, or have contacts in, the security business. These enquiries revealed that Eruma has a product that is extremely highly regarded by the professionals, is manufactured to an extremely high specification, and, is competitively priced. 3) Is the Company in a growth market ? - Sadly, my view is yes - the world is becoming an ever more unsafe place, whereby security of both property and people, especially in high profile locations, is becoming viewed as not only desirable, but, in many cases, essential. I believe that the track record of Eruma in the last year of contract wins, ( plus quite probably / possibly many others that are considered too small to report in an RNS ) - offers significant confidence that contract wins will continue, and possibly at an increasing rate. The links below support this, as does a THOROUGH read of the recent interim results. The Company has not announced any contract wins since May - ( although as above they may well have secured contracts that are not considered large enough to issue an RNS on). The key question here is whether I have confidence that future contract wins of both size and quantity will be forthcoming - my own view is "Yes" - but, sometimes these things take time, and, had any such contract wins already been announced, then the share price would reflect this and the market cap is currently only £1.6m - herein lies both the risk and the reward - do we, as investors, have confidence that our BOD can turn the Company around from a loss making Company into a profitable one ? If we knew the answer to this for sure, then we would all be rich people, but, one has to make a decision based on the best research and information that is available. I made the decision to take an initial holding, and to build on this holding as funds permit, because it is my belief that there is every possibility, and I would go so far as saying that I believe there is a strong likelihood, that the Company will be reporting a profit during the second half of the current year, If I am correct, this would warrant a major re-rating , and makes it a potentially high reward investment - albeit, I totally agree, a speculative one. There may be many that do not share my confidence, in which case, clearly they should not be investing here. As always, it is a risk versus reward equation, and, in my own personal view, I have the necessary belief to invest. 4) Have the BOD invested in the Company themselves ? I accept that this is not an essential ingredient of any investment decision, but, is in my view a key indicator as to the level of confidence the existing BOD have in the Company's future. Please see below the link to the major shareholders, and form your own conclusions. As always, any investment decision that each of us make is based on our own research and level of confidence in the future - and we must balance the benefit as against the risk, and decide accordingly. Of course, we can wait for future RNS's regarding fresh contract wins - and then buy in as cashflow and subsequently profit improves, but, clearly, the share price will be higher if and when that happens - I have frequently seen the mm's tick this share up before opening when contract wins are announced, OR, to buy now at the current low share price , in the belief that the Company will prove to be successful in their aspirations and business goals whilst accepting the risk that this involves. The perpetual investor's decision, eh !! I fully accept that the above are purely my personal views, and should be viewed as such, but, they are views I have reached after considerable time and research into what I believe is happening within this market, and the Company's progress over the last 12 months. Best wishes Steve |
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