Andrada Mining Share Discussion Threads

[day_dreamer] 14/9/2004 15:40

How can people still think this is cheap because it has fell
50% in 2 days, would you pay 40 million for a company that has
turnover of 20 mil and operating profits of 1.3 mil let alone
any pre tax profits, i aint no accountant but this spells out
the words...expensive even at this level !

Gravy

[andyh21] 14/9/2004 15:34

seems to be consolidating at around 20p...tommorow am could be interesting unless there is movement late on!

[vision88] 14/9/2004 15:29

RBonnier

Your quote to buy at sub 10p a bit drastic ,but you could be spot on

[iantc] 14/9/2004 15:28

expecting a bit of a bounce in the morning ,paying full offer price now ,there mc is a bit high but there is decent growth potential

[fatnacker] 14/9/2004 14:54

watching closely but feel the market cap is still to high for me ,good luck to all .

[farsight] 14/9/2004 13:53

I'm listening to you gravy.

[mohamed99] 14/9/2004 13:48

lots of buys and still there 19.5 ..............................

[ellemaitch] 14/9/2004 13:20

2 v 1 level tow now . shore cap just move onto the bid

[mohamed99] 14/9/2004 13:04

no profit worning .down 100 % ..................................................

[nilip] 14/9/2004 12:55

I envisage that ATM will recover to the 30p mark over the next few days.

The sheer magnitude of the drop is totally over the top.

[rbonnier] 14/9/2004 12:50

Buy at 10P not before.

[petethegreek] 14/9/2004 12:18

Its going to get interesting here soon

[mohamed99] 14/9/2004 11:20

i got at 19.4 .......day treding

[day_dreamer] 14/9/2004 11:07

I dont think it's anywhere near as bad as that facer !

When a decent sized cap stock issues a warning then various
insitutions will get out and place a protected order, unless
there is sustained buying at a certain offer price and the
other mm's co-operate in making a tight spread then the price
will continue to fall till the order is filled, the institution
does not care what price..they always seem to place at best.

19.4p offer for 50k..18.25p bid for 37.5k.

Gravy

[facer] 14/9/2004 11:07

do you hold jr ?

[0238jr] 14/9/2004 11:06

why would they suspend them? profit warning, price falls, that's it. tough on holders.

[facer] 14/9/2004 11:04

how much further can this drop before they suspend them ?

[0238jr] 14/9/2004 11:03

am i right in thinking that the profit warning was effectively over 40%- ie £1.5m out of £3.5m estimate

[rbonnier] 14/9/2004 10:48

Unless they turn the business around expect a market cap of 4 million not 40 million!!I wouldnt touch these unless sub 10p is offered then they would be worth a very risky punt still with 50% downside.

[day_dreamer] 14/9/2004 10:10

You do learn how to play these through past hiccups !

Firstly comes the warning.
Then you check the market-cap against the profits, in this
case it was over 50 mil yesterday.
Then you know that institutions will dump, they 100% always do,
there is a massive sell order in the system now and various T-Trades
will show later, already a dump at 18p.
Then we have the advatage now of online quotes to show us if sellers
are still there.

40mil market cap next to very small operating profits is not good imho.

Gravy

[ok,yah] 14/9/2004 10:02

can buy at 20.3p must be a big sell waiting in the wings.

nilip

There was a lot of hope in the share price. The results have called into question the validity of the business model and the ability of the company to make the profits people thought they would. The ATM market looks to be becoming increasingly saturated and therefore the growth people thought possible might never materialise hence the massive drop. There may be a small bounce but sentiment will remain negative until the question marks raised now have been answered by good results

[nilip] 14/9/2004 09:52

Moneybox's closest rival is Cardclear.

The "Small Company Share Watch" has explicitly stated that the MoneyBox business is the 'Best of the Breed' in the ATM sector, which includes Cardpoint & Scott Todd.


Oh .. and ATM is also highly recommended by Techinvest.



Highly recommended by both Techinvest and SCSW - I would not be surprised to see that both SCSW and Techinvest will have now bought ATM into their respective portfolios in their next issues.

Current price is a steal.

[nilip] 14/9/2004 09:48

day-dreamer,

I'm always careful, but as I said, this is looking exceptionally cheap at the current price.

day_dreamer, trust me this is a very good buy at the current price ... I recall that you're into Patsystems which seemed like your favorite investment ? remember what the on-line quotes were/are for PTS ?

ATM has fallen from 42p - that's a massive (yes massive !) disproportionate fall from what it's results have presented.