Imjack Share Discussion Threads

[joe the plumber] 16/10/2010 17:47

lufc you never know watched dav the other week from .04 to 9p before company put statement out

[lufc5] 16/10/2010 16:33

Bought in here at sub 0.2p for a risky/rewarding punt.....
Let's see what unfolds over the coming weeks....
GLA

[joe the plumber] 16/10/2010 15:06

Schools budget 'to escape cuts'

The schools budget for England will be announced during the Spending Review next week
Ministers have agreed the schools budget for England and are to claim schools will be protected from across-the-board cuts, the BBC has learned.

Other government departments have been asked to make even deeper cuts than previously agreed to help fund this.

Labour said the government was also appearing to admit the funds for a planned "pupil premium" would come from within the schools budget.

The coalition government's Spending Review will be announced next week.

The BBC's Nick Robinson says the government hopes this will be seen as a piece of "good news" out of the cuts.

Deputy Prime Minister Nick Clegg had earlier announced plans for a "pupil premium" - extra spending on the most deprived children - but it was not clear whether this extra funding would simply be wiped out by other cuts to school budgets.

BBC political editor Nick Robinson says it is understood that next week ministers will claim that when the pupil premium is added to the rest of the schools budget, they have secured a small real terms increase.

The new pupil premium could see the budgets of some schools increase, while other schools face a decrease since their funding will depend, in part, on the number of poorer children they educate.

However, even those schools which receive small spending increases will find their budgets very tight in comparison to the significant spending increases they have seen in the last decade.

In addition, school rolls are projected to increase by around 80,000 over the next four years, so there will be even less of an increase per pupil, according to our correspondent.

The protection of the schools budget will not apply to the rest of the Department for Education budget, which will see a significant cut.

This will compare with an increase in spending on education of 4.3% on average each year under the last Labour government and 1.5% under the last Conservative administration.

Politically, however, according to Nick Robinson, ministers see a real terms increase in school budgets as a significant political prize allowing them to match and, perhaps, exceed the promise of the last schools secretary, Ed Balls, to increase the schools budget by 0.7% in real terms in the next two years.

Labour shadow education secretary Andy Burnham said it was hard to judge the announcement without having access to the full details.

He said: "But beyond the smoke and mirrors, there appears to be an admission that the pupil premium is not additional to the schools budget but recycled from within it.

"This is the key question that Nick Clegg has to answer, and if he cannot, then his flagship achievement out of the coalition is nothing of the sort.

"There's nothing fair about a premium that the Institute for Fiscal Studies says would 'widen inequalities in funding for deprived pupils'," he added.

The devolved administrations in Scotland, Wales and Northern Ireland set their own education budgets.

BBC © 2010

[hedgehog33] 15/10/2010 22:34

SW.. How are ya.....

Not seen you round since MHG.....

IMJ seems a bit risky.. to say the least..

GL to all who sail aboard..

HH.

[still waiting] 15/10/2010 22:27

had a look at this the other day but decided it was a basket case whatever happened.

jumped into MTV instead.

[hedgehog33] 15/10/2010 21:48

Yes Joe.. I hear what you're saying..

Never even heard of them until yesterday... will be paying closer attention from now on....

Still don't see mega potential here, however, not too far from me.. I might just call in and see what they're up to..

Krkstall Road in Leeds is full of very small business practices, though nothing that I'm aware of will set the world alight....

All the best Joe.. and keep up the day job.. we could have used a plumber a couple of days ago...

HH.

[joe the plumber] 15/10/2010 20:32

hedge with all due respect my dear friend I have brought at .22 and .20 never has it gone below unless it's been a sale very risky and highly rewarding if things are sorted out dyor no advise

[hedgehog33] 15/10/2010 20:09

You're not wrong there Joe...

However, top of the ADVFN leader board in %age rises most of the day... and only twelve trades... makes ya wonder...

There'll be another boat along shortly.. just hope it's not a return trip.

[joe the plumber] 15/10/2010 19:35

you missed the boat

[hedgehog33] 15/10/2010 18:55

Beats me.... according to LSE fundamentals sells out-weigh buys 2 to 1..

Volume not high by any means, only 2mil across 12 trades in and out...

News stance appears dire... Unable to negotiate funding drawdown agreement and MD chucking £25k in to keep it going following withdrawl of Government funding on the educational front.

Looked at this yesterday with a view to throwing a grand in @ about .19 though came to the conclusion fairly quickly that this had no chance...

Just shows how much I know.... naff all...!!!

I too would like someone to explain what happened today....

[andy3l] 15/10/2010 16:59

I'm very new to trading in stocks so can anyone shed any light why this stock seems to have rallied (to a point) today when there doesn't appear (to a newbie) to be any evidence (report etc.) to support this.
Thank you

[double6] 15/10/2010 08:24

Still hoping so!

[pre] 15/10/2010 08:23

what' going on here....looks like positive news leaked???

[bozzy_s] 11/10/2010 16:18

Edit - 14 million sold. Assuming they paid 10p+ per share, that's a loss of at least £1.4m.

Again, why take such a loss if they thought the company had any chance of recovering?

It's -98% in a year, and I'd suggest the final 2% is coming soon.

[bozzy_s] 11/10/2010 16:14

Not a large amount in £ (due to the dreadful share performance) but a hell of a lot in terms of % shares.

They could easily have paid £0.5m - £1.0m for those shares. If that's the case, why sell now for £10k if they thought the company had any future?

[pre] 11/10/2010 15:56

seller out off the back of news last week and he got £10.5k (so not talking a large amount)....could see a recovery here now...

[bozzy_s] 11/10/2010 15:54

Great tip by renound P&D'er 'theresearcher' - how to turn £1000 into £20 in 1 year!

[bozzy_s] 11/10/2010 15:52

Someone dumped 2.3% of the company at 0.15p, guess they know something.

[shammytime] 11/10/2010 13:02

Absolutely - this is a big move by the MMs. Seems like big news on the way...

[pre] 11/10/2010 12:56

trdaing at well below the recent placing at 1.5p....could be a very interesting punt here....

[shammytime] 11/10/2010 12:55

Watch the big rise - all the weaklings have been forced out. Something brewing...

[still waiting] 11/10/2010 12:20

gave some a chance to get rid I hope.

[outsourcer] 11/10/2010 12:15

from top gainer to top loser in the space of 5mins, that is impressive

[shammytime] 11/10/2010 11:23

Buys becoming more frequent ;)

[letsgetbizzay] 11/10/2010 08:59

This could be ready for a good move - positive news re: financing looks on the horizon...