Ls -1x Mu Discussion Threads

[lom2] 06/7/2004 12:47

thanks master. roll on 45p

[manraj82] 06/7/2004 12:42

is this a good deal??? I mean what is the company valued at (minus the cash pile)?

[master rsi] 06/7/2004 11:20

From.....SHARES STRONGLY UP this week 05/07/04 (UPS)

Master RSI - 6 Jul'04 - 11:16 - 142 of 144 edit
MUST 18.5-19.5p +2.25p

Some confusion about the future of the company and the proper valuation, here is how I see it:

Example of a round figure 10,000 shares of any shareholder
A reduction of 73%, one will end with 2700 shares PLUS 16.75p cash.

I reach the conclution that the Directors are not happy with the Market valuation of the company and decided, at they can get a better valuation returning the cash to the shareholders.

Yesterday valuation of the company was £0.750M yes £0.750M

WHY ? Because the Market cap was £20.55M - cash in bank £19.80M = 0.750M

With 122.1M shares on the Market at the moment the 73% reduction on exchange for cash will mean only 33M shares on the Market

So there is a Company with Sales of £9.6m + (£19-8M-£15M) 4.8M cash, sure that is worth at leat £15M

So my valuation of the company comes to 45.5p after the reduction. (£15M/33M shares)

Now is 16.75p cash plus maybe and extra 45.5p on the reduction

[lom2] 06/7/2004 09:42

27p target on chart

[zinco] 06/7/2004 09:16

PMSL....;-)))

AIN'T IT TIME YOU WENT BACK TO GLD ISIS WILL BE MISSING YOU....;-))

[clocktower] 06/7/2004 09:12

Zinco..maybe you want to keep better company than bottom fishermen. Still its Music to your ears hear along with the accountant, well done GG and all others here that have been trading this.

[greengiant] 06/7/2004 09:08

not bad - looks good, the company should now be generating cash and
we know it is ebitda positive. I'll keep hold for a little longer

gg

[zinco] 06/7/2004 09:05

Morning CT great call with VTB...;-))))))))

PS...I may go bottom fishing WITH YOU NEXT TIME...LOL...

[clocktower] 06/7/2004 09:02

Another result for GG & zinco..Looks like its got a lot higher to go yet after this news.

[latestarter] 06/7/2004 08:31

that is a fairly clear signal to the market about how well things must be going, so how do they value the bussiness now

[zinco] 06/7/2004 08:20

Nice double bottom formed on the chart too,at the time of the last breakout it appeared however many shares we bought it would'nt go past 23p are we seeing the reason for that this morning?...;-)))

[jimbill] 06/7/2004 08:15

Also means that the business is now self sufficient enough to carry on without its emergency fund so must be doing well now and growing. Therefore that valuation is possibly a little conservative. I hope!

[jimbill] 06/7/2004 08:06

If 16.75p = 73%, doesn't that equate to a share value of about 23p? Any comments? I'm not an accountant!!

[zinco] 06/7/2004 07:58

Now where's that accountant when you need him?......that boy's far too rich for his own good....:-)))))

[manraj82] 02/7/2004 01:06

please just go uP!!!!!!

[adp] 30/6/2004 21:51

Wrong Music Choice Im affraid - this is the Music Choice in USA - they have almost nothing to do with one another all bar exchanging crimbo cards every year

[ryan75] 30/6/2004 14:58

spot on adp!!!

[taffychaff] 30/6/2004 11:06

x trade is an agency cross.This is a transaction between two parties reported to the market but not necessarily through the market.

[greengiant] 30/6/2004 10:15

What is the significance of the x trade? Why the drop?
History tells us that there will be no statement til accounts are
published so we will have to be patient

gg

[gripfit] 30/6/2004 09:10

but when?it's about time we had a statement.

[taffychaff] 30/6/2004 09:04

this share is ready for takeoff.

don't fight it .....you know it makes sense.

[manraj82] 29/6/2004 17:08

'i'm goin down!.'

[wtacraig3] 25/6/2004 16:07

Cos he's a ramper.