Scholium Share Discussion Threads

[traidemark] 28/10/2015 13:35

Good timing. This was bound to happen. Just needs time to re-rate.

[silkywhite] 27/10/2015 19:51

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.

[battlebus2] 26/10/2015 07:20

W.H.Ireland appointed broker....

[traidemark] 21/10/2015 08:48

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.

[battlebus2] 21/10/2015 08:34

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...

[battlebus2] 20/10/2015 14:01

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....

[traidemark] 16/10/2015 10:34

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)."

[kev0856153] 16/10/2015 08:43

This is a profitable net net stock at a big discount. Very cheap at this level.

[battlebus2] 15/10/2015 22:51

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.

[traidemark] 15/10/2015 14:50

Market is missing the obvious here. Very under valued at 45p.

[grantlfc] 15/10/2015 10:09

Second wave anyone?

[jonwig] 15/10/2015 08:46

Gosh - some people got in at the open, 35p-ish.

[jonwig] 15/10/2015 07:08

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!

[pictureframe] 10/7/2015 15:25

Agreed - delisting a real threat.

[jonwig] 02/7/2015 07:50

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.

[jonwig] 03/5/2015 07:44

More on the new holder - Porn man Raymond's estate:

[xlairways] 01/5/2015 16:11

Intresting to see if the new 3% holder will continue to accumulate.

[jonwig] 26/4/2015 06:46

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.

[pugugly] 25/4/2015 10:06

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

[jonwig] 25/4/2015 06:46

PUG ... I'm sure I should know, but what is "doing a Mallet"?

[mach100] 24/4/2015 23:16

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,

[aishah] 24/4/2015 09:13

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.

[pugugly] 24/4/2015 08:52

jonwig:> Agreed - Another worry could be that the directors are doing a "Mallet" and being over confident with their stock valuation -

[jonwig] 24/4/2015 08:40

My worry in a case such as this is the possibility of delisting. (They probably have the votes to carry it.)

Directors will be disappointed their float went so badly, they'll be looking at the listing costs, not to speak of non-exec fees.

NAV won't be worth a bean to stranded outsiders.