Smc Share Discussion Threads

[masurenguy] 09/7/2007 13:42

"paulcaine2003a - 5 Jul'07 - 7410 of 7412: ATCG is a sure bet IMHO.DYOR though"
"paulcaine2003a - 9 Jul'07 - 7412 of 7412: typically I am not in atcg and they today announced another contract.Someone please put me out of my mysery!!!"

Why on earth did you post that they were a sure bet 4 days ago and then today state that you're not a holder ? Sounds completely barmy to me !

[paulcaine2003a] 09/7/2007 13:30

typically I am not in atcg and they have today announced another contract.

Someone please put me out of my mysery!!!!

[slowtrain11] 07/7/2007 08:15

An extract from Fridays trades does not make for happy reading - the 23p shows that the market makers don't have much of an idea of what compassion is...

Slowtrain

06-Jul-2007 25.90p 9,041 £2,342 Sell O
06-Jul-2007 25.00p 10,000 £2,500 Sell O
06-Jul-2007 25.90p 3,861 £1,000 Sell O
06-Jul-2007 25.90p 3,795 £983 Sell O
06-Jul-2007 23.00p 68,632 £15,785 Sell

[paulcaine2003a] 05/7/2007 11:11

ATCG is a sure bet IMHO. DYOR though.

[kneath] 05/7/2007 07:42

KUMALA - Cheers buddy, Good luck! However temptimg, I'm, staying away from AIM stocks until I can re-balance my portfolio with a hefty portion of FTSE 350 stocks and poss 1 or 2 large miners. Then i'll be back to play!

[kumala] 04/7/2007 19:28

Kneath:
I thought SMC was a safe bet and bought twice circa £1.05 mark, so at the moment sitting on a pretty hefty loss, after the huge drop down to the £1 mark i thought we would see £1.25 - £1.35 range return pretty quickly, as it happens we are seeing 25p - 35p but no sign of the £1 (lol ;/).
My only saving grace, if u can call it that is to offset SMC against a posible buy out at CPR of which i have been in since floatation ( £1.75circa at float now circa £11.30, possible bid could be anywhere between £10.00 and £14.00).
an interesting play at the moment is EME. on Aim, (DYOR) looks ready to fly, I hope,

good luck mate.

K ;)

[dave7] 04/7/2007 18:02

I presume the large falls are due to Blackrock dumping their percentage,and their pals following suit.I'm no expert but this surely is an opportuntity for shorters who will no doubt get active on this board in order to hasten the fall and increase their profit.Things don't look good for us PI's and the employees either way.Good luck all!

[kneath] 04/7/2007 16:33

Sirhokko - Cheers! Yup I have taken a bit of a pasting recently. It was only to be expected as I am / was 90% AIM focused. Whilst I knew it was a mistake, I have learnt a few valuable lessons in my relatively young trading life (18 months) - one of which is 'don't be 90% AIM focused! The biggest lessons I've learnt are not necessarily about stock picking / research, but about the fragility of AIM stocks during volatile periods. They appear to have a ridiculous 'beta' factor. Furthermore, I should have learnt to take profits at certain points. Good lessons learnt and still positive. Biggest annoyance is being screwed by untruths / misinformation - a la WNG, SMC etc - that really gets my goat as it's hard to take. Re: TAN I'm out at the mo but I have made a bundle on it, so don't feel too sorry for me. As Gloria Gaynor puts it: 'I will survive'. Thanks for your kind comments.

[lakshya] 04/7/2007 15:49

i bought these share @ 89, 94, 96 on the day they are going up. Everybody saying 100p end of the day. within a week blah blah. I didnt like the drop i sold @ 86. Again tempted bought @ 82 After watching for weeks i sold @ 80.

Very lucky escape.

Recently i thought they bottomed out and bougt again@33.5
Didnt wait long as soon as i saw 34 i am out.
Didnt make any money. But didn't lose much either.

This share is Only lose at the moment.

For this share to go up it needs buyer confidence. Cant see at the mo.
Solid RNS of a big contract win might restore a bit.

[bert jenkins] 04/7/2007 15:14

look on the bright side, McColl is seeing his money slide away, of course it's what he deserves but it is nice to see no doubt.

[njp] 04/7/2007 13:55

scots

I feel that they may need as much as £15m to sort out the debt and deferred consideration issues satisfactorily. Hence my extra 75m shares at 20p. But I expect that anyone underwriting it will need to be assured as to prospects, management, no more skeletons etc.

Agree with you that there could well be upside once / if this is sorted out.

[scotswhaehae] 04/7/2007 13:44

re post 7401...

if say 1 for 1 at 20p (still maybe possible if they can engineer a modest price rise ahead of the announcement) then I reckon we could see around 5-5.5p eps for 2008...

put it on 8 times and you have 40-44p...with strong upside from there...

however, as ever at times like this, fear rules...and nope, I don't hold any more either!

o/t as far as other small cap opportunities go, you could consider ACS imo...dyor!

[njp] 04/7/2007 13:31

Haven't played with the numbers here for a while, but say they can sort out their funding concerns with 75m extra shares, there'd be around 125m shares in issue. And say that next year they could achieve £5m post tax. Over 125m shares, that'd give 4p eps. That would imply a forward p/e of 7 at the current share price

On that (very rough) calculation, the current price is getting to look a little cheap. However, those putting up the new money call the shots, so any placing of that size'd need to be at a substantial discount - and that, of course, determines just how many shares end up being issued.

[izzywizzy] 04/7/2007 13:21

NJP

lol.... yep...as ever! time will tell. I thought buying into SMC was a safe bet....and look what happened.

someone still buying up SMC shares.....

[sirhokko] 04/7/2007 13:15

Kneath, I feel for you mate. You seem to be on quite a few of the boards that I read and so many of them have tanked lately. Only TAN is holding up and everyone thinks that's ready to implode.

I've been trading small caps for some time, but recently have started screening FTSE 350 companies and was surprised by how many growth stocks there are. Maybe not 4 baggers in a 12mth, but the small spread and low volatility is nice. Plenty to be made there.

[njp] 04/7/2007 13:12

izzy

Not sure what meaningful research can justify your hopes there (PRM)! It's an out and out gamble, isn't it? ;-)

[izzywizzy] 04/7/2007 13:05

Kneath

PRM :-)

dyor

[njp] 04/7/2007 13:02

The bank certainly won't want the company to fold if the business is viable, which I believe it should be. And, for that reason, I don't think it's likely to fold, or lose too much business.

Provided key staff are retained and properly motivated, and the company is re-structured financially, it should have a good future.

For current holders, the fly in the ointment is dilution.

[kneath] 04/7/2007 12:51

Would any future 'potential' contracts be at risk due to concerns as to the viability of the company and their ability to honour those contracts? e.g. given the time constraints on the Olympic project, as with many others, would you take a chance with a company that may not be around to deliver? That was, by the way rhetorical! Just a thought. Not a current holder - lost a stack twice & left to lose money elsewhere! Currently with WNG.

If anyone has any 'mischievous' companies guaranteed steal you cash, could they please let me know? No successes please, don't know how to handle them! TIA

[njp] 04/7/2007 10:44

siwel

Agree with you, which is why I continue to watch - from a distance. I'll want to to see certain management changes and to know what the dilution is before I climb back in, though.

[siwel100] 04/7/2007 10:41

Not touching at the moment as the share price being gutted by Blackrock and there is the potential for massive dilution making it a fatal hold.....but worth bearing in mind the restructure and potential for profits to resolve all their ills.
It is actually a major provider and wins contracts on an ongoing basis, individually they simply dont warrant an RNS.
Its patently obvious there have been some very major issues during the aquisitions but this is one of those that does have the potential for some spectacular long term gains once the share price has been fully trashed. It all depends how deep the rot was.
Staying open minded for a future trade, worth a place on the watchlist.

[masurenguy] 04/7/2007 10:41

I also agree with many of the comments expressed above. Not having some kind of stop loss policy and/or averaging down is the road to ruin. If the share price falls through your stop loss level - get out - you can always buy back in if it subsequently rises back above.

Will SMC survive - who knows ! NJP is probably right when he says that the biggest risk to remaining shareholders is to be diluted to virtually zero via future fund raisings. If the business is potentially viable through the volume of orders in the pipeline, then there probably is a high chance that they will need to raise further funds to address and resolve historical liabilities such as deferred consideration and bank debt. If they do look for further funds then I would imagine that a placing could be below 20p !

[lfdkmp] 04/7/2007 10:36

Almost too embarrassed to tell. T'was in the heady days of tech.: Amerindo.

[masurenguy] 04/7/2007 10:34

Which company was that ?