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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Software Circle Plc | LSE:SFT | London | Ordinary Share | GB0009638130 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.00 | 16.00 | 20.00 | - | 0.00 | 07:31:47 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Publishing | 12.55M | -1.61M | -0.0041 | -43.90 | 70.21M |
Date | Subject | Author | Discuss |
---|---|---|---|
28/7/2010 10:08 | 'But they did not state categorically that the $3.8m was the full and complete extent of the fx trading losses' didnt they? that may explain it | the_doctor | |
28/7/2010 09:31 | MDP...that was my only worry but I suspect they would have to if once again they were materially more than last reported. I have added to my holding at 5p having taken a risk at 4.5p but not prepared to pay more than that at this stage. If only they were my first and only purchases ! | davidosh | |
28/7/2010 09:22 | In the 2nd RNS - the Update They state that all positions have now been closed. But they did not state categorically that the $3.8m was the full and complete extent of the fx trading losses. | muxdapanza | |
28/7/2010 09:04 | maybe that's enough to be 'materially below'? | the_doctor | |
28/7/2010 09:00 | only 5k avail online. Not much of a market here so looks like no one is selling at this level. | ducatiman | |
28/7/2010 08:53 | Probably about right there MDP..I think materially is just 10% either way so nearly 20% certainly must be. The problem is still whether that is the full extent of the losses ? | davidosh | |
28/7/2010 08:43 | Closing balance at 31 Dec - $14.9m Lose on fx $3.8m Profit $1.5m - 1st half assuming 50/50 split Projected balance at 30th June - $12.6m ie - $2.3m reduction is materially below ... | muxdapanza | |
28/7/2010 08:37 | I dont know, but my gut feeling is that companies use it as a warning. it wasnt 'slightly below' or 'approximately $xm below' what do you reckon? | the_doctor | |
28/7/2010 08:35 | the doctor.....What is your expectation of the amount that is 'materially' below ? | davidosh | |
28/7/2010 07:41 | Does nobody have an explanation for cash being materially below the year end figure when they should have been making cash and the speculation loss was supposedly only $3.8m | the_doctor | |
28/7/2010 07:04 | Just one offer now at 5p, next offer is 6p | watchout2 | |
27/7/2010 21:59 | looks like a good move watchout, the earlier trading pattern suggested an overhang here which could be clear now, certainly should show a decent recovery if those 100k buys keep on coming in | empirestate | |
27/7/2010 11:36 | I've bought into these today, short of stock online and a 2 mil cross trade, seem to have cash at or around market cap, hoping that was a one off all sorted now but there seems to be value at this level and somebody has seen it. 4.25-5p, can sell 100k at 4.5p but only buy 10k at 5p full offer online so it could bounce back. | watchout2 | |
26/7/2010 09:58 | But IF the loss was only $3.8m, and the company was still making say $2m as last year then why would the cash level not be around $13m Instead of the supposed 'materially below' $15m It doesnt make sense to me That would suggest to me that rather than making any cash this period, the company has dropped to being flat/ making a loss. That would of course perhaps explain why they were taking excessive gambles!? In keeping with that, note that there has been no statement to say trading good/in line with expectations etc. Why not? I'm staying clear, but watch with interest. | the_doctor | |
26/7/2010 08:26 | maybe he averaged down and went beyond the company stop loss, as per the update, and not unlike myself, as I have more than averaged down at these levels. | muxdapanza | |
26/7/2010 08:25 | Someone clearly took the speculation too far. Why? and who knew. Maybe only the CIO knew and he was trying to save his skin? As I've put on here before, if the loss was only 3.8m, why would cash be 'materially' below the previous 14m when the business was making cash?? | the_doctor | |
26/7/2010 08:22 | also .. Previously they had made a modest profit on fx trading. Their income will be in the yuan, but they report in us $ and are a UK company, so some degree of fx trading is required. | muxdapanza | |
26/7/2010 08:17 | doc - Why would the company have had fx stop-loss criteria specified unless they were engaging in operations that required them? So yes, by implication at least, the board must have known and approved. It was the manner of the execution that went wrong from their pov, not the fact of the forex trading itself. | boadicea | |
25/7/2010 20:18 | It looks good value if there arent more worms in the can. Did the board know this was going on? Why would the CIO take such gambles - what did he stand to gain? My concern would be that they speculated on Forex to bring in income and fiddle the books to make up for some disappointment elsewhere. Maybe that's paranoia? | the_doctor | |
25/7/2010 17:34 | evidently an overhang here holding this one back but on balance sheet this is looking good value now. thought these rogue traders were in the banks only but if someone in a bank can do it surely it is easier in a company. if it would have beeen a usd3 million profit they would probably have made him chairman. best wait until the tell tell signs of the seller being finished | empirestate | |
21/7/2010 14:43 | Boadicea, Thanks, phoned them this morning, just before my post, and they said that they will investigate. Have now been paid into my account and already moved into other shares. | buggy | |
21/7/2010 13:53 | buggy - Barclays credited it yesterday and SelfTrade have done so today. | boadicea | |
21/7/2010 09:45 | mine are in a crest account - cheque arrived Monday | muxdapanza | |
21/7/2010 09:35 | Anybody using norminee acount got the divi yet? I use SELFTRADE and nothing yet. | buggy | |
20/7/2010 09:59 | orinocor I received some cash from them yesterday. | zangdook |
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