Smc Share Discussion Threads

[paulcaine2003a] 30/5/2007 09:47

njp, yeas that may be true but from my limited experience, smaller aim stocks are not hit as badly as the ftse market with issues such as todays.

[mdin79] 30/5/2007 09:39

Diabolical !

[njp] 30/5/2007 09:35

Not a good day on the markets following China's falls so doubt this is stock specific, except inasmuch that SMC's in limbo awaiting the outcome of the review.

[volvo] 30/5/2007 09:26

Closed out about a third of holding now.

If these morons are advised by anyone worth anything they will get a RNS out very fast because if even if there is any positive news it will to late.

Think we are looking at inefficentcies in certain areas.They certainly have plenty of business and the backing of the banks at the moment.

[faddiet] 30/5/2007 08:47

Can now buy 30,000 shares at 42.24p (although quoted offer is 44p)

As the MMs are letting you have shares for below the mid-price, it would seem we are not at the bottom yet

imo it's going to keep dropping (maybe the low 30s)

[cool_hand] 30/5/2007 08:22

We need facts and figures - not speculation.

This management has destroyed share holder value recklessly.

[gary102] 30/5/2007 08:17

Not looking good...

[edmundshaw] 30/5/2007 08:06

I also had a fair few of these and lost quite a bit. Fortunately my portfolio is doing OK elsewhere; but the point is, for holders of SMC, to sell or stay (or even add)?

Seems to be 3 fair reasons to stay: 1) you think the long term future is still bright (at least on balance) and don't want to play trading games. 2) You think there has been an over-reaction and you can get a better price by sitting on your hands for a bit. 3) You like to gamble. A fourth reason to stick is psychology - heart ruling head; a real no-no in the cold world of the stock market.

For me, this is a share I wouldn't touch if I hadn't invested, as i) early stage recovery stories don't work for me. and ii) I insist on competent and trustworthy management. The latter is all you've got when putting your money where their mouth is. And I find management a lot more respectable in smiling growth companies than in uncomfortable recovery situations (when all's well there's less cause for management to get devious as they have more to lose if spotted at it).

I decided to exit yesterday as I can't see any clarity in whether the price will get better or worse, and I definitely don't want to hold long term.

[awe430save132] 30/5/2007 00:02

i`ve noticed it`s gone a bit quiet on this board sold out on Fri too much bullsh*t RNS for my liking.To invest in a company you`ve got to trust the management and as far as i`m concerned they haven`t got a clue, anything could happen from now, could recover or could bomb!As a PI i couldn`t afford to take that risk took a big hit but what doesn`t kill you makes you stronger!Good luck to all hope it recovers because as always its the little PI`S that suffer the most if it doesn`t!

[up2day] 29/5/2007 19:29

Of course I am not infering to smc

[up2day] 29/5/2007 19:27

We invest in mining, oil and drugs all on hope. The more we hope the higher the price seems to go. When good news comes the price goes down.

Does AIM stand for 'all in moaning'.

[up2day] 29/5/2007 19:18

I know what you mean!!. But 90% a risk to far.

[kneath] 29/5/2007 19:14

up2day - You are talking to a guy who is 90% invested in AIM stocks - and believe me I'm no voice of authority as my portfolio has depreciated by about 9% in the last 2 months, so what the hell do I know? Might I suggest that if you see my name on a BB - stay away from that stock as it's a sure-fire loser!!

[up2day] 29/5/2007 17:57

cheers Kneath, but if I was not going to take risk I would invest in blue chips only.

[up2day] 29/5/2007 17:54

faddiet please explain
Sounds like they are desperate for buyers, and trying not to lower the price too quickly and spook more PIs into selling.

46,000,000 shares on market 736500 traded nearly 60% buys,

SMC is only 5% of my portfolio was at one point 20% as I followed it down and sold at 88p making a profit on the last bounce. If it does go down to 40p I may be spooked into buying more.

[kneath] 29/5/2007 17:50

up2day - I hope it works out for you & other holders.

[up2day] 29/5/2007 16:28

significant was used on 290307 on profit warning 2 was not as bad as investors thought at that time. I am in no way supporting this board at present but hopefully history can repeat and the share will bounce, we can only hope.

[kneath] 29/5/2007 16:13

Guys -
"SMC Group PLC warned it could face "significantly" reduced profit for the six months to June" was the statement.

The word 'significantly' indicates the scale of the problem. Some burying heads in the sand going on here. Those hoping the outcome may not be as bad as first thought must be nuts - what part of 'significantly' are you unfamiliar with? I am not gloating as I've lost more on this than any other share, but hiding from the facts isn't going to make it better. The simple Q you need to ask yourself is "If I had the remaining value of my SMC holding in cash, would I invest it in SMC? If your answer is no, realistically you should sell - simple as!!

[faddiet] 29/5/2007 16:12

Although the quoted spread is 44p-46p, Online you can sell 5,000 at 44p but buy 25,000 at 44.16p !!

Sounds like they are desperate for buyers, and trying not to lower the price too quickly and spook more PIs into selling.

[volvo] 29/5/2007 16:03

There is a board meeting tommorrow and either on Thursday or Friday news will be released.The banks are apparently supportive but the reduction in interim profits will be probably between 25pc and 50pc.

[paulcaine2003a] 29/5/2007 16:02

some big trades have gone through, some buys, some sells, but share price has gone down. Anyone got any opinions on how this relates to the news due tomorrow? Sitting on a hefty loss although spoke to someone who works at an SMC company and although he was vague, ensured me that they had loads of work at the moment and a buzzing pipeline. Somehow I cant see this being reflected in tomorrows news. Am clutching at straws but hoping for the best.

[paulcaine2003a] 29/5/2007 15:43

I am a holder :( and can't bear to sell and make such a loss, especially as mentioned above, no-one knows how bad it is. I mean of course its not good news but maybe there has been an over-reaction to it.

However, I too have lost faith with the management and wouldnt be supprised if it is as bad as feared.

Just hope the drop stops soon!

[omalaha] 29/5/2007 15:34

scots - not holding but did post here the other day that imo there will be a turn around, it's whether as a holder you can endure what may come in between times. you are right; it's hard facts time, nothing else will do.

[matrix6] 29/5/2007 14:51

I have no holding so for the people that hold, i would prefer to see a sharp rise in the coming weeks/months. I feel the share price needs to test 40p to see if a double bottom on the chart springs it up or not, if not where is support? i'm personally waiting for that double bottom and sitting on the fence. ( they dont have the contract for my fence btw ;-))

[scotswhaehae] 29/5/2007 14:45

Its probably best now to just wait for hard facts...

Those out of the share, either luckily or through brilliance, are happy to state the negatives and those still in would prefer to focus on the potential positives...

Let's see how it pans out...last time the results RNS led to a 50% plus rise in 24 hours I seem to remember...and few would have guessed that!