If we don't see this above 60p before Christmas I'd be surprised |
Yes good to see, a long way to go to get anywhere near that NAV of 73p. |
Good timing. This was bound to happen. Just needs time to re-rate. |
Just had to buy since these are too cheap now after a great update.
Divi may be reinstated at half year since they are making a profit whereas last year at half year they made a loss but still paid a dividend. |
W.H.Ireland appointed broker.... |
Very little stock around so it will quickly move to value on news. Earnings are going to be very good and are only a few weeks away. |
The volatility in the Russian market etc may actually prove to be a long term benefit to the company as it forced their hand to diversify and find new markets. Looking good for another rise after a little pullback after last weeks news... |
Well i've had a good look here and decided to invest after the shares have fallen back after the 50% rise. Looks great value at only 5.5 million market cap and as trademark points out NAV of 73p with 1.5 million cash. dyor etc.... |
an easy clue if you want to double your money or more here
"The Group's balance sheet remains strong with net cash of more than £1.5 million, supporting a net asset value of the Group in excess of £10 million (equivalent to 73.5p per ordinary share)." |
This is a profitable net net stock at a big discount. Very cheap at this level. |
So in just over 2 months we have a stark difference in the two RNS's. I like the book market and hold some shares in Quarto but will wait and see before buying here. GLAH. |
Market is missing the obvious here. Very under valued at 45p. |
Second wave anyone? |
Gosh - some people got in at the open, 35p-ish. |
Trading statement this morning suggests turnover impreovement and operating profit, though bottom line may still be a loss - that's unclear. very positive tone.
The open should see a price mark-up and, I expect, a wider spread. I don't hold, but this sort of thing is always interesting! |
Agreed - delisting a real threat. |
They've issued their FY figures:
On a quick reading respectable, all considered.
But what does this mean:
Our board remains committed to running the business on a profitable basis - we realise that, at current levels of activity, we are sub-scale for AIM ...
I suggested in post #4 that they might consider delisting.
Despite their decent asset cover I wouldn't want to be holding if that were a serious consideration. |
More on the new holder - Porn man Raymond's estate: |
Intresting to see if the new 3% holder will continue to accumulate. |
Thanks PUG - so it was as recently as last year, but I'd never heard of that company!
The thread mentions a poster called "Rainmaker". I seem to remember disagreeing with him once about some company, but which and when I can't remember.
SCHO's inventories are valued at lower of cost and realisable value, so there's no incentive for them to write up their assets, and they might be reluctant to write them down - not as transparent as Tesco! Also, they warn in the prospectus that insured value might be below stated value, which is worth noting, and there's no independent valuation as there would be in the case of a property, for example.
They say they expect trade to pick up once rich Russians, etc. are back in town. Trouble is, more might leave, if the "wrong" government drives out non-doms next month. |
jonwig; Mallet (MAE) were antique dealers on Bond Street who over valued their stock and were evenetually (from memeory) taken over for 60p (after 48p) A fraction of the claimed worth of the assets - Crashed from some 333p in 2005
Further details here:-
Also |
PUG ... I'm sure I should know, but what is "doing a Mallet"? |
Dreadful since its IPO. Management are starting to look accident prone. Today's TU read like a horror story. Someone dumped 15000 shares at 41p which was below the bid at the time on the 20th of April and as there may be more falls to come Monday, holders might want to take a leaf out of that investors book, |
Director's hold around 36%. Cash over £2m for a £5.2m cap and NAV of 73p. Shares indicated that they would be a nice target for a bigger player. Might add a few more. |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
