Sky High Share Discussion Threads

[roommove] 05/1/2009 10:04

This is probably one of the few shares where going ex-divi doesnt effect the volume!

[roommove] 22/12/2008 13:26

As a rule of thumb I ignore any stock that a random poster suddenly appears talking about.

[rkjones] 22/12/2008 13:22

This share is being ramped across many threads on this site. Its pathetic.

[roommove] 22/12/2008 13:02

rkj, thanks again for your input. Been going through the info for skhg again today (coming up to the ex-divi date and wondering wether to put more in here) and it does look very good here imho. In the last month of the interims turnover was about £550k. If this continues for the next 6 months (and they have stated Oct and Nov were 'strong' months) turnover will be £6m with estimated profits of £733k. The credit crunch may have an effect but its my opinion that this is one of the busnisses that wont be hit very hard. Im also expecting HCS to make a real contribution having made 15k profit in its first month from 70k turnover. So by year end (sadly we will be waiting until Sep for those results) we could easily have profits 50% of current market cap with a divi being paid! Would not be surprised if this time next year with two more results and the full growth potential starting to be realised that the thoughts of a bid become a bit more serious. Hopefully pi's get full value here if this does happen, the directors already hold such a large % that I cant really see the point in doing what happened at CSW. If growth continues as it is then skhg will break £1m profit before too long and this would surely require anyone buying out the company to be paying 50p+. I have an average of about 11p so will be more than happy to sit and wait for that.

[rkjones] 22/12/2008 12:36

ASW is the latest venture - probably at a low in current climate but the business model looks similar to CSW albeit in a different field. I'm not in here but may take a little punt if price drops a point or two.

No intention to ramp or deramp - the management team is talented and has a record of success in the software area. Jackson is ex Sage - the accountancy solution people. I see Vin Murria as his protegy although I might be under rating here. Myratech was an investment shell that finally put money into his brother's company (now known as SKY High) and you have to say that after a slow start, things are looking good.

ASW is the latest - could be worth watching!

[rkjones] 22/12/2008 12:26

CSW was a growth company which I did well out off but still had bags of upside when it was sold off. Management would have been aware of the potential in the pipeline but sold out a a price that did not reflect future earnings that were being generated by the current situation at that time. The private investor who had supported the company in early days did not receive fair value for their shares - the old management were kept sweet - their roles and incentives remained in place and the company was subsequently sold off at a considerably higher sum within months.

Yes, I did well out of this investment but those who perhaps bought in closer to the eventual sell date did not enjoy the benefit of the latest performance figures which would surely have given rise to a higher valuation.

[roommove] 22/12/2008 10:58

rkj, what was your issue with CSW? Only spent a little while looking at it but looks like the offer came in at a decent mark up and a record high for the share price I noticed some pi's were not happy the company was sold on again for more a few months later? but hey still seemed to do ok out of it or am I missing something?

[roomove] 20/12/2008 07:50

Thanks for the above post, very interesting. Will look at CSW and ASW, have seen the JAcksons involved elsewhere but not looked at them 2. Publicity is one thing they dont seem bothered about here though, dont fully understand why but Im fairly confident the plan here is to sell eventually.

[rkjones] 19/12/2008 20:50

Only a modest investment £3000 or so bought on the strength of the Jackson connection where I have enjoyed some success in the past. To be honest this share was a cash shell that I had almost written off but has risen phoenix-like of late and looks really promising.

The current share price even in todays markets looks way undervalued if you annualise their half yearly profits and sooner rather than later should start to catch up. All this is a matter of record however and the share could do with some publicity in the financial press.

A word of caution though - the jackson/Vin muria connection is shrewd but will stuff the private invester without compunction. They will sell out to private investors if the venture looks successful- retaining their own holding. Look back at CSW !!

Advanced computer software is another one floated this year. I am tracking - they are good if you get in at the right time. They look promising.

In conclusion, the outlook for Skyhigh looks good - depending on when you bought them - the lack of liquidity suggests that the management holds the majority of the shares having raised funds from the private investor to fund the initial risk period.

Good management herewith out doubt - worth a punt at todays prices!!


ASW is the epic of the latest venture.

[roomove] 19/12/2008 08:28

rkjones, you must be the longest holder! Would be very interested to hear your view of the stock, illiquidity, future etc etc. How many do you hold if you dont mind me asking?

[rkjones] 15/12/2008 21:00

Yes. From Myratech days!

[roommove] 15/12/2008 15:25

rkjones, do you already hold?

[rkjones] 15/12/2008 14:41

Spread back to where it was at start of day. Can't work out MM's trading strategy - its clearly not volume driven and the spread does not encourage anyone to sell unless you had bought had bought recently and wished to cash in on the recent uplift. Presumably they hold stock and see profit in holding on to it rather than dealing.

I think I will do the same!

[roommove] 15/12/2008 13:14

rkjones, I think thats a very fair post. Interims comment that first two months of the 2nd half have started strongly. No business is going to be unaffected by the current problems but this one will have limited downside due to its target customers. Its more a case of how much new business can you generate? Im guessing thats HCS's job as it diversifies the company slightly. If full term profits simply double interims then the two divis will pay me more than 10% of my purchase value!

[rkjones] 15/12/2008 11:05

Roommove

Ther is no need to leave the room at this stage although you should perhaps keep your coat on your arm!! All that has happened is that the spread has narrowed. The bid price remains unchanged, perhaps MMS are trying to create a more active market as they can't make much out of the sort of volumes that their bid/offer justifies.

I wouldn't be pleased buying in today at 15p but clearly buyer is in for the longer term. Some potential here if 2nd half performance matches the 1st half.
Profit performance in relation to market valuation looks attractive to say the least and paying a dividend!

Not a trading share.

[roommove] 15/12/2008 10:31

ill get my coat lol

[roommove] 15/12/2008 10:00

Holding last weeks gain with another small buy at 15p.

[whites123] 15/12/2008 07:16

Exactly....

Something can be "Worth" £10, but if someone bought at £2 and a little while into the rise is offered £5, you can bet your last penny that there will always be someone who will take it.
Its human nature and especially in this game we are not all "Investors"... There are a lot of would be "Traders" out there.

[roomove] 14/12/2008 14:33

8trader, exactly, those that buy in quantity cant dump them all without crashing the price which is why they are holding long term. Not a stock to trade.

[8trader] 14/12/2008 08:23

Somebody holding size like 50k wont always get the opportunity to sell
in such a illiquid stock so overall prospects of the company wont matter
in this case, they probably thought hey it started at 5p and the mm is
willing to buy them all off me the same day for 12p, that's £3500 more
so i suppose you have to take the opportunity when it comes along, in
reverse a 50k sale would only get 1p if there was a overhang so the seller
was probably very happy to get them out at 12p.

[roomove] 14/12/2008 06:54

A bit of research would also show that the few who post on here held through the last spike as well.

[raiderrm] 13/12/2008 13:01

I think whites123 and other holders will dump if bid goes much above 15p for a healthy profit in week or an exit at breakeven since MAY`s spike, leaving anyone having just bought in - locked in, until the next spike or the company being bought out. IMHO - DYOR