Smc Share Discussion Threads

[masurenguy] 31/5/2007 19:05

"Director buys would be good".

LOL - I'm sure they would but this has been posted here many times since the first profit warning at the end of January and of course none have occurred. I still wouldn't hold my breath on that one !

[cool_hand] 31/5/2007 18:52

Most would of bailed by now IMO.

Fingers crossed we have some positive news over the next few weeks / months.

Director buys would be good.

[paulcaine2003a] 31/5/2007 17:02

Good points Kalmar,

I know there was negative comments re: the bank statement but I think they had to clear up that issue and therefore the banks supporting the group is a key indication of the potential of the company. I honestly think that as long as they dont go t*ts up, then this can offer a very good return in the long run. Shame I have no capital left to rebuy at the moment because I would consider it, although I accept that its still high risk. Would be good to see another rise tomorrow.

[kalmar] 31/5/2007 16:51

Stick with what I said yesterday...the word capitualtion was used...interesting VOLVO sold on the lows today...
I agree with some of Master RSI comments...and I believe a low is in because since the share price was at 110 it has been hammered on unknowns...again the fear of what might be??...we have had a few of those removed...positive reaction to the mess-ups of management has been made..one concern gone....and now we know the "fear" of breaking banking covenants is not about to happen..another worry gone.
Next we should have the actual figs out...and recovery can really start.but as Master RSI said by then we could be back to the 80-100p range..a few new contracts would help to show that the company is still able to get business and has trust in the marketplace...lets not forget the f*#k up is based on organization and fast growth and intergration of new aquisitions not on the quality of the business and their abillity to win contracts in what is still a red hot market.

K

[master rsi] 31/5/2007 16:18

moving higher on the bid as the market is ready for the close soon

matching the best price of the day and a very narrow spread 1p

[gary102] 31/5/2007 16:02

Yup Paul I'm all in as well, still got all mine. Yes I still believe they can make this a highly profitable business in the coming years.

Good luck!

[bridggar] 31/5/2007 14:53

Couldn't give a monkeys about the company - I'll trade what I see. This os good for 60p within the next 7 days IMHO....

[anusol] 31/5/2007 14:44

i hold a small amount now after bailing 66% of my holding at 60p on the bad news few days ago. I may get tempted to throw the rest out if it gets close to 60p. i do like some things about the company, but Im worried that there has been minor bounces after both the last 2 'slumps' and todays rise could be nothing more than the same pattern repeated i.e. not going to breach 50p for a long time, and at the risk of another 'slump' in a few months. Sorry to be negative, but if you follow the patterns......

[gary102] 31/5/2007 14:40

Still holding all your shares Paul?

[paulcaine2003a] 31/5/2007 14:29

Lets hope. Been a strong buying day.

[master rsi] 31/5/2007 14:28

re - Well I don't the price will rise to 80/100p

The price is now discounting all the bad news, and usually the market looks to 6 to 8 month ahead on the valuation of any company, if waiting for the good news to come the market already will be at valuation of the good news.

Meaning the share price will be well ahead of now.

[gary102] 31/5/2007 14:24

Might go up a tad more by the end of the day..

[cool_hand] 31/5/2007 10:24

Everyone said Jessops was doomed not so long ago after the third profit warning.
It still could go under - but it bounced back 50% and is still trading.

I would say that SMC has more chance of surviving than Jessops IMO as they are in a boomming sector, have talent and are winning contracts.

It's all in the detail, and of course I look forward to seeing some real figures.

[bridggar] 31/5/2007 10:01

Remember, the mouthpiece has been given the bullet. Onwards and upwards from here.

[kneath] 31/5/2007 09:59

MasterRSI - Regarding clarity, the board have been issuing the '60%+ of annual forecast already contracted' news for months. I note in the same communications they failed to mention any of the other small detail to which they must have been party - having been 'independently audited by one of the Big 4' i.e. were the contacts bought on unfavourable terms, were the acquisitions secured on unfavourable terms, etc, etc. Judging by their prior clarifying statements, the fact that this board (in particular) release a current statement of clarity is neither here nor there as it needs to be supported by solid accounting information - or you are simply taking their word for it again, which of course is folly? That is not investing, that is gambling!

Regarding my twice bitten bit.. merely because I have made a bad investment, which, let me make it clear is entirely my fault, it does not remove my objectivity with regard to investing. Were I to simply buy back in right now because the share is cheaper - as this is the ONLY information YOU or ANYONE has right now, then that would be demonstrative of lacking in objectivity.

I merely re-iterate that until there is a discernible & supportable change in SMC's circumstances, the company is not worth 'investing' in. Should you gamble and it pays off I can only wish you the best of luck - and if it doesn't, well that's the game you're in.

Good luck either way as we are all here to make some cash!

[gary102] 31/5/2007 09:55

Well I don't the price will rise to 80/100p unless there is some really positive news coming from SMC.

tbh so what the board is doing this, the board is doing that, don't mean anything, we need results, figures and no more deceptive RNS statements.

[master rsi] 31/5/2007 09:38

Kneath

re- 2nd loss.

I do not expect a positive comment from you were twice bitten, there is a time were there is value on a company, especially from one with such a large contracts being announced lately.

re - Wait for clarity

If one wait to that point the shares will be back to 80/100p not on its 40 / 45p like now, meaning one losses all this double price rise.
Sure today's news is a way of clarity ....."The Board has approved decisive action by agreeing to implement the recommendations of the review immediately"

[bridggar] 31/5/2007 09:31

Each to their own - but don't think RNS release is for PIs. I guess they'll be an EGM at some point soon.