Eruma Share Discussion Threads

[4shorty] 27/6/2007 09:38

Greyseal it did say in the report that the first considerable order from the US was recieved just before the year end.

[shortlegs2] 22/6/2007 13:21

It will be interesting to see if they issue interim statement in sept/oct, this will give a good indication of the health of the company.
SL2

[4shorty] 22/6/2007 12:28

healthy Sales but costs have rocketed and good projections but what is happening to the us sales.
4S

[greyseal] 22/6/2007 08:40

Manonph..... you seem to be someone in the know.

I am looking at theses results and then the notes from the interims and I think that I am missing something here. The arrangement with USA is guaranteed revenues of $12m over three years. Does this mean that over three years we will see turnover of, say, £6m from USA alone? Because if it does we are certainly not seeing it yet. Perhaps ERU's turnover will just be commission.
The outlook does look promising however but I thought that the USA arrangement would be having a bigger impact.

What's your take?
Thanks

[james t kirk] 22/6/2007 07:46

Being marked up on the bid so far..

[james t kirk] 22/6/2007 07:12

Interesting results this morning. The revenue is as they suggested in Feb, but administrative expenses have rocketed by 700k (more than sales increased).

This year they are already ahead of 2006 after five months, but there's still no details on the "major" contracts.

It looks promising but still at a development phase.

[shortlegs2] 21/6/2007 15:06

slight upward motion today, lets hope ahead of some good news.
SL2

[1smart] 21/6/2007 12:17

an update soon with a bit of luck of all these sales.

[shortlegs2] 20/6/2007 15:40

Me too manonph, lets hope there have been lots of sales.

[manonph] 19/6/2007 16:48

tks for that shortlegs
yes i think garfinkle is the man
keeping my fingers and short legs crossed for the figures

[shortlegs2] 19/6/2007 16:09

Didn't get a reply from Jim, but got a reply from Phil Garfinkle of tsg who said they are active and selling, I'm impressed with the speed of reply.
SL2

[shortlegs2] 19/6/2007 14:55

Manonph just looked at tsg website looks more like the real thing ,however no one seems to have any sales experience, lets hope sales are forthcoming, James T thanks for clearing that up, should I get a reply from Jim I'll let you know what he says.
SL2

[james t kirk] 19/6/2007 14:45

shortlegs, I'm referring to a margin call on a spreadbet or someone who just needed to sell for their own personal reasons and the mm's took them for a ride by giving the 1/2 p under the bid at the time.

[manonph] 19/6/2007 14:39

let me know what he says sl2 plse
it may be interesting

[shortlegs2] 19/6/2007 14:36

Really I've just emailed Jim Mugnollo of MBA to ask what he's up to, oops.
SL2

[manonph] 19/6/2007 14:14

shortlegs

i think things have moved on since then
don't quite know the why's and wherefor's but i'm led to
believe the company in u.s.a. is called Trust Strategy Group
tsgtrust.com

figures out in 3 - 7 days hopefully

dinae panic

[shortlegs2] 19/6/2007 12:54

I have just looked at MBA Management Inc. I fail to see how a recruiting agency, with no obvious connection to the security industry, can be the main agent for eruma in USA, there website says nothing about eruma products, and as such I can see no evidence of them promoting eruma products in the USA, there are also no links from there website to MBA Security LLC, which I assume was set up to deal with this product, trying to research MBA Security LLC, I have not been able to find anything about them, I suggest this is why we are not seeing any sales from this quarter.
SL2

[shortlegs2] 19/6/2007 12:39

What do you mean by a forced seller James.
SL2

[manonph] 19/6/2007 11:39

final results coming at end of the month
should tell all
last trading update was good
lets add some meat to the bones

[james t kirk] 19/6/2007 11:37

This is a key level on the chart, either a triple bottom or it will fall through the resistance point. All seemed to stem from one trade yesterday at 5.5p, which presumably was a forced seller.

[4shorty] 19/6/2007 11:30

And still we go down

[shortlegs2] 18/6/2007 15:11

Lets hope we don't have to wait too long.
SL2

[greyseal] 18/6/2007 14:56

manonph.... you are quite bullish on ERU. Is this based just on your research and views or have you been in touch with the company?
BTW I'm long, could do with a morale boost with news of more contracts

[manonph] 18/6/2007 14:30

when the i's have been dotted

[shortlegs2] 18/6/2007 14:28

when will we get the news manonph.
SL2