Internetq Share Discussion Threads

[ramas] 07/12/2015 09:27

Boff ... I take it you read the rebuttal , suggest you read it 2 more times with a neutral lens of analysis. Interestingly it's difficult to open new short positions via spread bets

[boffster] 07/12/2015 09:23

The markets should really pay more attention to a company director (even if guilty of the cardinal sin of being Greek) than some nasty little short selling maggot who's already been in trouble with the FCA (And is probably about to be in a lot more)

[cerrito] 07/12/2015 09:19

A reasonably convincing rebuttal IMO .
They could have made it far more convincing for me if they had commented on their cash position-the third time they have passed on the opportunity to do so which makes me feel the worst.

[mister md] 07/12/2015 09:09

no thanks, something dodgy about those pizzas

[onjohn] 07/12/2015 09:06

Roast pig and stuffed pork pizza on the menu tonight, all for 1 drachma

[mister md] 07/12/2015 09:03

now if the directors would buy in size we might actually believe the RNS ...

[mister md] 07/12/2015 08:49

added a few at 72p
Reminds me a bit of the situation at PLUS earlier this year

[mister md] 07/12/2015 08:43

Boffster - yes, enjoying a cautious punt on this too. Not on a long term hold though!

[boffster] 07/12/2015 08:38

I like it Mister MD! ;)

[mister md] 07/12/2015 08:37

yes, either that or more allegations to come so that shorters can exit their positions under 100p

[breaktwister] 07/12/2015 08:34

Statement released so the CEO can offload his stock to mugs. Globo part 2.

[breaktwister] 07/12/2015 08:30

So they say they have 160 b2b clients but their 2014 report says that 80% of revenues are derived from only 3 clients?

[joemillion] 07/12/2015 08:13

Pig n pork shorters getting well burnt this morning...

[ch4p_85] 07/12/2015 08:10

I haven't read the full response.I did read the note on DSO. This is complete nonsense. You lower the DSO by getting a credit control team together to collect the cash due. Not by acquiring businesses that already have lower DSO's I mean W.T.F

[boffster] 07/12/2015 08:07

One in the eye for Winnifroth and his dirty little short-selling chums. Give it up Tom!!

[firede] 07/12/2015 08:07

In my opinion their response does not adequately explain their intangible assets position.

In the beginning they explain that only €0.7m of their payroll was capitalised as intangible assets and that they therefor are not reducing their operating costs by capitalizing a significant amount of payroll as development costs. So far so good.

But further down in their response they state that "Any technology company that is focused on cost containment and fast lead times
for developing software platforms is likely to use, in part, expert external
developers for some of the software development work"

I had a look in their annual report for 2014. For 2014 they purchased software worth ca. €18m euro.

This means that they are not only using external developers "in part", but external developers are supposedly responsible for 96% of the software development for this company. Even accounting for that the purchased software may include some licenses like windows, sql server, etc. the ratio is going to still be at least 90% of the software development performed by external developers.

I personally don't know of any technology company which has a technology offering as a core of their business, while outsourcing 90%+ of the technology development. Well, there was one company which also did this, named Globo.

[joemillion] 07/12/2015 08:03

How right they are. Watch the bounce this week lads!

[dlku] 07/12/2015 07:19

InternetQ is of the view that the bloggs author is a fraud

[bigfrocks] 07/12/2015 07:18

Well if that doesn't clarify things! Tw you chimp

[abcd1234] 07/12/2015 06:42

;O) ... or rather ;@)

[alewis2005] 06/12/2015 16:59

As describe here:
lordshipstrading.blogspot.co.uk/2014/07/the-pig-and-pork-scam.html

[abcd1234] 06/12/2015 16:45

"pig n pork"... ??

[breaktwister] 05/12/2015 18:08

Hi boffster, the shareprophets articles suggest that the revenue figures are fabricated, inflated by use of pig n pork. Deliotte should review the evidence and invedtigate imo.