Promethean Share Discussion Threads

[ny boy] 22/12/2010 16:26

Excellent, just added some more @ 62.5p

[ny boy] 22/12/2010 16:01

Wake up guys this one is reacting to either impending news or recent fund buying, also one to stick in the ISa for some healthy gains during 2011

[ny boy] 13/12/2010 18:37

I like the look of these, funds are adding at the lows, very interesting. Keeping it on my "To buy watch list" Would have bought today but decided to add more (RNVO) ahead of tomorrows interims.

[deanroberthunt] 06/12/2010 10:37

Follow the BoD imo...

if they aren't buying in volume....avoid or sell

if they buy big......then hold or buy

[salpara111] 05/12/2010 14:47

Have been watching this since float, felt it was too expensive but when it got to the 100p level I was seriously considering getting in but put money elsewhere.
I guess as a lot of posters have alluded to, the issue going forward now is management credibility.
Either there is virtually no earnings visibility going forward or they misled the market about 6 weeks ago. Either way the end result is the same.
I will keep this on my radar but there is no need to jump in here any time soon. The only thing that might produce a solid upturn in the share price would be a bid and I am not sure where that would come from.

[geheimnis2] 05/12/2010 13:32

the time of greatest fear is the time to buy, they say!

[deanroberthunt] 05/12/2010 11:33

the BoD have been shown to be dishonourable, bounders and cads....that is worse than any trading update...they can't be trusted......

[robizm] 04/12/2010 19:53

deanroberthunt they have no debt and had £14 MILLION CASH. Reputation of company is very tarnished but it aint going bust and cannot see share price going to hit single digits. IPO was wayoverpriced but I will buy if it goes a lower

[garth] 04/12/2010 08:48

Lastminute.com was a pretty bad IPO - kinda defined the end of the dot.com boom......

[2trying] 03/12/2010 18:50

Nothing you didn 't already know , but may be of interest -

[glasshalfull] 03/12/2010 17:37

The Big Fella - You have mail.

GHF

[deanroberthunt] 03/12/2010 17:16

this'll probably go down as the worst IPO ever as it plumments to single digit share price then eventually goes into admin....who will fund this now.

[pugugly] 03/12/2010 17:15

Glasshalfull:>
Thanks - Very much confirms and reinforces my opinion.

I am sitting on my hands and will keep them well away from the buy button - Easy - no fingers left. !!!

[the big fella] 03/12/2010 16:51

GHF - Thanks for the post. I was casting an eye over to see if things had been overdone. However ex growth stories are not my bag.

[glasshalfull] 03/12/2010 16:47

In the above link I noted the commentary informing that;

"And, quite frankly, the drop seems relatively subdued given the downgrades that are coming through.

Shareprice at the time was 54p


GHF

[glasshalfull] 03/12/2010 16:41

I'd also cast my eye over recently but the IMS of 28th Oct sounded alarm bells, despite the apparent value.

However, today's comment by Numis is to put it frankly, brutal!


Our impression, following a conversation with management, is that revenue is now declining at significant double digit rates y/y. We have reduced our forecasts to reflect a 25-30% decline in Q4, with this moderating to a 9% decline next year. The consequent impact on our EBITDA is a 23% downgrade for FY10 (driven just by Q4) and a 50% downgrade for FY11. Management are intending to reduce the cost base, and the business has net cash (and we expect, even after these forecast reductions, for it to remain cash generative). We place our valuation under review...

New news? From a situation in Q3 where growth had slowed (but was still double digit), impacted by US spending slowdown, we have moved rapidly into double digit declines impacted by US and European spending slowdowns. Since Europe was expected to be the engine of growth as the US slowed, this is strategically negative. Where will the floor be? Given the issues over scale and rapidity of downgrade, substantial slowdown in the largest market, lack of momentum in the 'new' markets of Europe, we expect investors to be wary and believe it will be a Herculean task for the company to rebuild credibility.




Good luck any knife catchers....hope you keep hold of your fingers and arms.


Regards,
GHF

[latifs100] 03/12/2010 16:25

motley fool.. been tipping this, and regal, and serica.. all down by 20to 30%.

[h4rsh2] 03/12/2010 15:41

wanted 2 buy at 1.50,,didn't..wanted 2 buy at .90,,didn't,,wanted 2 buy at .72,,didn't,,,wanted to buy at .55,,, didn't,, phew....would hve lost a packet,,NOW,,I AM GOING TO BUY AT UNDER 50 AND TAKE A CHANCE.

[deanroberthunt] 03/12/2010 15:39

assumed it was on AIM as it follows the standard profile.......

[deanroberthunt] 03/12/2010 15:37

if this is on the main market, then FSA should be on the case, for misleading the market

[graham2405] 03/12/2010 15:36

dean

AFAIK, it's not an AIM stock......

[deanroberthunt] 03/12/2010 15:18

even those buying at 30% discount to an all time low this this morning are now in the red.........isn't AIM wonderful

best just to pick 10 stocks at IPO, short 9 of them and go long 1
dosen't matter if you do any research that approach will make you some money

[deanroberthunt] 03/12/2010 15:07

maybe they have a bet to see if they can go from IPO to administration in record time....