-1x Square Discussion Threads

[mcgrath00] 09/2/2011 08:20

bluesky, do you know when divi date is?

[bbluesky] 08/2/2011 22:24

Either way, £2.53 or £2.76 still something like 40% discount to sector, so good value, excellent divi and solid prospects.IMO one for a balanced portfolio. A case of slow and steady might win the race!

[spaceparallax] 08/2/2011 20:38

Don't you mean £2.76 Welsh?

[welsheagle] 08/2/2011 20:20

Panmure Gordon again reiterated their 'Buy' recommendation today, with an target price of £2.53.

[spaceparallax] 08/2/2011 10:44

nice rebound

[mcgrath00] 05/2/2011 16:36

Mubarak has quit, well done to those who held their nerve here....very minor blip in the overall scheme.

[spaceparallax] 03/2/2011 15:12

I think it's just a little PTing once some traders saw that it had peaked. Temporary IMHO.

[envirovision] 03/2/2011 09:41

As always with the stock market. Bad news is slow to emerge, whilst good news is fast.

I don't know what has happened, nor am I suggesting anything has happened.

Sorry I cant help, however your right I'm not holding any.

[mcgrath00] 03/2/2011 09:19

that wasn't my point, you seem to be reacting on what (in terms of SQS) is only fiction enviro, take it you have sold. Seems the share price has not been moved by MM's, only by worried PI's.

[envirovision] 03/2/2011 09:14

I think you hit the nail on the head mcgrath, i.e. if you have got really bad news then keep it under your hat.

[mcgrath00] 03/2/2011 08:05

i think their decision may be correct not to make RNS as it would have caused more alarm than contentment. hopefully their busy maximising other areas as i imagine we'll see in march results.

[mcgrath00] 02/2/2011 22:33

Good info Stegrego....either way it gives the market makers an excuse for a drop, we know how they act....hopefully we'll hear more soon....but five miles is quite a long way and it is not as if SQS supply tourists!

[stegrego] 02/2/2011 22:12

Quick google shows that the offices are about 5 miles south of where all the protests are.

Id imagine that software engineers tend to turn up for work.

The whole of Cairo isnt turning out every day. 7.8 million people.

Most of them arent software engineers.

Storm in a teacup here, if indeed the drop is due to Egypt.

[mcgrath00] 02/2/2011 21:51

Agreed they need to distribute an RNS Shuisky, I might drop them an enquiry myself. Thanks for your thoughts.

[shuisky] 02/2/2011 20:14

I doubt there is a significant amount of work derived from Egypt itself. However, Cairo is one of their major off-shore centres which focuses on work from Germany/Austria/Switzerland. These are important markets for SQS.

Incidentally, the other two main off shore centres are India and S Africa and they service English speaking work.

I think that with 100+ employees in Cairo, the fact that we don't know whether they are working or not is a sufficient amount of uncertainty for investors to be concerned.

The co could make an RNS if their staff are working as normal, but they can't possibly predict the political situation in Egypt. If they are affected than I suspect they will have to incure some extra costs in switching work elsewhere.

[mcgrath00] 02/2/2011 18:53

it obviously has an effect just like every other business in Egypt but SQS have little business there and long term contracted clients who will see out their agreements, theyre not going to run their own companies into the ground along with the country....a minor blip that will be forgotten about in six months, hardly a BP catastrophe but weak holders (helped along by manipulative market makers) will be scared out which will provide us long termers with a top up opportunity, as Naked Trader posted on his site today:

It's amazing but every market scare I can remember recently, finance scares in Dubai, Ireland, Spain, Portugal and now political scares in Egypt... the best time to buy would be in the middle of the scare and a sinking market. And the worst time to sell is... well usually when you are at your most scared. It's human nature after all. We are always scared of losing the lot.

[aishah] 02/2/2011 18:47

Hmmm, 140 employees not able to work I guess. Must have an effect surely. imo

[stegrego] 02/2/2011 18:39

I'm struggling to see how this is altered at all by having some workers in Egypt.

They can't privatise it, they can't nick the staff. They won't shun foreign businesses as tourism is the main industry. They need it to be friendly.

I don't see it has any bearing whatsoever.

[mcgrath00] 02/2/2011 17:28

I honestly dont know exactly how much of their business derives from Egypt but I would guess in the region of 10% - year end results are out in March and they wont be affected by egypt....by that time Mubarak 'should' be gone....im sure many have thought of selling or sold but this is a great company and i wont let a minor blip prevent a far greater potential gain in such a solid and well managed business.

[shuisky] 02/2/2011 16:24

I gotta confess it was enough to see me out.

[mcgrath00] 01/2/2011 19:01

Mubarak confirms he will step down at next election in September, lets see what that means in the short term.

[mcgrath00] 01/2/2011 13:31

well it does appear egypt is the excuse here...mubarak cannot last all that much longer, the army are slowly turning against him...this could provide a nice top up opportunity shortly...