Ffastfill Share Discussion Threads

[groin] 09/3/2007 11:35

As you said earlier Bugs, they are very clever never to mention dates or time frames.
I wouldn't be too shocked if we dropped again today. Unless the MM's have decided that they have unloaded more than plenty.

[bugs bunny] 08/3/2007 16:23

I've re-read there last set of results and here's KT's and the boards outlook.

Outlook.

Whilst delays in signing new customers together with the investment made in expanding our service offerings have adversely affected our financial results for the year ended 31 March 2006, the Board is convinced that this investment will benefit shareholders in the medium and long term.

FFastFill now has a strong order book of over £5 million. The Directors believe that this order book, together with the substantial completion of the company's investment programme and the implementation of various cost reduction measures, position the company well to achieve EBITDA profitability. The Directors believe that the funds raised via the placing will be sufficient to achieve this goal.

Keith Todd
Executive Chairman
24 May 2006

[groin] 08/3/2007 12:42

I tend to agree with you Bugs.
The management have effectively guaranteed that the price will remain sub ten pence for the remainder of this year.
I had also been happily deluded into thinking that we were at that crossover point of moving into profitability.
I too read the Shares article and its pretty damm clear we have at least another 12 months of finger twiddling before the company breaks even, assuming they don't do the same next year and move the goalposts yet again.
My initial reaction to the bid was to cry too cheap, too low but we have to face facts that it will be a pretty drab chart for the next 14 months compared to the last 3.

[bugs bunny] 08/3/2007 11:43

Now we are back to the negative view, was almost beginning to see FFA as a real winner in 2007 (silly me), I think that's it for us this year (see today's shares mag).
On the comment made by Keith Todd that "the undisclosed offer undervalued FFA's potential". Surely the market must have an even lower estimate of FFA's worth than the re-buffed bidder?
He also said that "the results for the year ending 31st March would be broadly in line with market expectations".
Has anyone else noted that these "expectations" have been consistantly lowered month by month. We started at a EBITA profit of between £900k to £1.1m. This then became a profit of £450k, this is now a loss of £1.2m.
Has he been briefing the market and not announcing anything at the same time. That must be the case as he says that the market is expecting a loss but all the announcements have pointed to breakeven/EBITA profit, although they have been clever enough not actually promise anything, leaving this job to "analysts" forecasts.
The great yawning gap between FFA's share price and PTS's just underlines this tale of two cities.
Good & bad, black & white, FFA & PTS, they all share the same theme of being at complete opposite ends of the spectrum.

[groin] 07/3/2007 12:32

I think it must have been a real pain over the last 10 weeks for the MM's.
Just think about it.
Normal "trading" for FFA, as we have now, is a fairly pedestrian affair with little or nothing to do day in day out for our plucky FFA MM.
He or she clocks in about 7:00 am and puts a few rounds of toast on and fires on the brew.
By 8:00 am the machine has to be switched on and then they can make themselves comfortable, snuggle into the sleeping bag and set the alarm for dinner.
12:00 pm, check for any trades have a quick sandwich that they bought on the way in. Nip to the loo make another brew and snuggle down again, not forgetting to set that alarm again for 4:30 pm.
The final bell arrives and its time switch off the machine and do the washing up.
Say bye to your mates and catch the train home.
They do say that City folk earn stupid money for doing very little, that is a down right lie. When shares like FFA can tie up a whole team of traders on days like today, they really do justify the wedge.

[bugs bunny] 07/3/2007 12:15

I think we can now say......Normal activity in this stock has resumed.

[bugs bunny] 06/3/2007 18:01

We Should find out soon if it is Nortrust.......Or it could some else with deep pockets and a eye for a stock at a bargen levels.

[groin] 06/3/2007 17:47

I wonder if Nortrust picked up any of the action today?

[mach10] 05/3/2007 22:37

I sliced my holdings last week on the back of that contract win with the talks dragging on too much for my liking.It will be interesting to see which way this goes now. I think if they follow the depressed market sentiment down then they will be good value. Anything around 6p is great value even in this market.

[groin] 05/3/2007 14:08

Looks good to me.

[damanko] 05/3/2007 12:59

Seems to be doing okay right now - when put in context of the market today. I guess (as usual) the whole of the European market community is waiting for Wall Street to open and offer guidance. If things turn around a little this afternoon FFA may well do well on the back of it. Unfortunately - as we all know - on a day like this (or several recently....) fundamentals fly out of the window, and the herd gets its way. As bugs says above, in some respects now any (FFA) news is good news, given track record, shambolic management etc etc. I think a walk is on the cards, bottle of red wine somewhere in the sunshine..... seems a lot more rational than staring at a screen on a day like this.

[bugs bunny] 05/3/2007 12:08

I think I will take up checking the charts a bit more often.
I know the 2 are unrelated but the MA was cut through by the price and hey presto a perfect chart move south.

So we are to stay independent after all, disappointed? No not really because the fact that the price didn't go over the 10p mark said to me that the "offer" was less than 10p and wouldn't get through anyway.
We can now get back to slagging off the company and it's prospects to our hearts content.

[cfb2] 05/3/2007 11:54

Bad luck gents.

[bugs bunny] 02/3/2007 09:09

We seem to be on very dodgy ground now if charts can be relied on......I've taken a look on the sharecrazy site and taken look at the charts of FFA stock and in the past when have had a cross over we have had a steep fall in the share price ....We are there again now.......Whether the same rule will take us down again who knows???????..... As we are in this Bid situation maybe we will have support???????? Lets hope so because if not It's DOWN DOWN we go.

[groin] 28/2/2007 09:39

Why would anyone bid, or even think about bidding, for a company that is about to call in the receivers? Why not wait as Zep says and pick them up for a fraction of the cost?
Why did Natexis bother to employ an independent third party to assess the bidders for the package they wanted when just by looking at the "bottom line in the last set of results?" they could have spotted that FFA won't be around to fulfill their part. Zep can see it but why on earth can't they?
Why did RBC place their order with FFA, are they just as stupid? Can't they see what is so obvious to Zep. Crazy man, just plain crazy.
What the hell were Quickcomm thinking of? certainly not their customers. Using FFA like they intend to is madness when the company is going to call in the receivers shortly.
Nortrust Nominees need their bumps feeling too. To go and lash out over a million pounds on a stake in company that is weeks away from receivership, when a quick call to Zep could have saved their blushes.

[bugs bunny] 27/2/2007 23:18

Well Zep that last sheet of wrapping paper comes off in MAY 2007.......If we get there and we are not taken out by then by a bid......We will see if you are correct or just lets say you got it all wrong.

[zeppelin75] 27/2/2007 23:00

I realise that I'm a lone dissenter here, but did any of you actually look at the bottom line numbers in the last set of results?

While you're all blowing smoke up each other about how wonderful FFA's prospects are, they have never actually posted a profit and have been losing money fairly consistently for as long as I've been watching them.

I've made a modest amount on FFA on the odd quick turn, but I wouldn't want to be hanging onto the parcel the next time the music stops – I think there might be a big smelly t*rd in the last sheet of wrapping paper.

[groin] 27/2/2007 22:35

I think FFA must have picked up the Natexis win in conjunction with their LME work. I found that Natexis are very much involved with the setting up and advancement of the LME mini market. This came from putting Natexis in the LME seach.

[bugs bunny] 27/2/2007 15:03

Groin, I did notice on the AFX statement about the bid......Are they tying to link the both or is Mr Kergel building his stake as a white knight challenge???????????

[groin] 27/2/2007 14:22

I am trying not to read too much into the "drama" that is the possible bid for FFA but I have just been to the FFA site and they have put the new contract on their news section. Not exactly earth shattering stuff but this is the first time they have managed to coincide their site with actual events. It could mean they have time on their hands and just fancied a fiddle!
Also the RNS about Ian kergel's stake was followed up with an AFX announcement. This announcement stated the holding etc but it put a bit on the bottom about the bid.
Are they they trying to link the 2 by mentioning them at the same time or is this sort of thing normal?

[bugs bunny] 27/2/2007 12:43

So Mr Kergel is still buying very cheap future stock.....Oh what a fool....... ZEP

[groin] 27/2/2007 12:37

We now know who picked up the 150k this morning. He has picked up consistantly during this period against a background of contract wins. By my calculations his holding is now worth £1,477,125. Thats a lot of money invested in a company that has the liquidator calling shortly and even more so considering he is still buying. What a complete idiot, doesn't he know? Somebody better tell him before his wastes even more money. Just today alone he has thrown away (or is it made) £37,875 on the .25p rise, what a complete chump. I wish I was as stupid!

RNS Number:9395R
Mr Ian Richard Kergel
27 February 2007




FORM 8.3

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
(Rule 8.3 of the Takeover Code)



1. KEY INFORMATION


Name of person dealing (Note 1) MR IAN RICHARD KERGEL

Company dealt in FFASTFILL PLC

Class of relevant security to which ORDINARY SHARES
the dealings being disclosed relate
(Note 2)

Date of dealing 27-02-07




2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)


Long Short
Number (%) Number (%)

(1) Relevant securities 15,150,000 5.22%

(2) Derivatives (other than options)

(3) Options and agreements to
purchase/sell

Total 15,150,000 5.22%

[bugs bunny] 27/2/2007 11:57

.0975p seems to our resistance point.