Venteco Share Discussion Threads

[yump] 05/10/2007 18:37

Yes, I guess however good it gets, there could be sellers all the way up for a while, but it doesn't exactly appear to have had a flood of pi's investing earlier, so perhaps selling might be relatively calm if the original investors can see clean profitability over the hill.

[don muang] 05/10/2007 16:43

yump .... as you say "Could get quite interesting" - but this time with share price going up rather than down....

however, it does say in the thread header 'But at 4p looks interesting' (that's equivalent to it being 80p before consolidation !!! ). perhaps this October will be turning point....

[yump] 05/10/2007 16:32

Could get quite interesting that was only £2000 worth - might see next week if a small purchase moves the price.

Regardless of the exceptional, I think it wont' be long before the likelihood of decent profit appears. There looks to be a growth market in a semi-environmental area and room for cost-savings as a result of the acquisition overlaps. Thats 2 drivers.

Bound to be a period as there has been with the share price in the dip, while investors try to work out what the fundamentals could be.

As they've got more acquisitions planned, things could still be a bit hazy for a while yet though imo. ie. p&l & balance sheet isn't going to be easy to get a grip on.

[don muang] 05/10/2007 16:20

... and interestingly seems that now even if after less than NMS you get quoted the full offer price (23p)...

[don muang] 05/10/2007 15:58

10k is ten times NMS so was worked through as a protected transaction - so looking at time and share price move then it's safe to say it was actually a buy .....

[yump] 05/10/2007 15:49

Thats in as a sell which is odd.
I mean there's 10,000 showing as a sell, so its odd the share price has gone up.

[spaceparallax] 05/10/2007 15:43

The beast stirs!

[don muang] 05/10/2007 13:24

yump ... thanks for info ... news of any further excavations will be welcome ....

[yump] 05/10/2007 13:15

The only similarity between this and SEO seems to be that food is mentioned.

Got a lot more interested now; just looking at the businesses the idea of consolidating a sector is quite an old one. Its not a hyped float - does look like the idea was to find a vehicle. Have done quite well in the past from reverse t/o's etc. World of difference building a company from scratch by acquisition as against already having a growing company and then making the headline-grabbing big acquisitions that then turn out to reduce earnings and cause complications.

With so few shares in issue on the face of it, it wouldn't take much pbt on say an annual t/o of 6mln to produce a respectable valuation.

Saw the exceptional, but if the underlying business started to approach anywhere towards say 150,000 pbt in the second half, then could be looking at p/e of eg. 10 for next year on non-exceptional earnings.

'Story' seems good. Had a brief talk to a couple of food industry contacts - didn't seem to have heard of the freezing solution to bugs.

Stoppages and screening-off of production during bug-killing is a serious problem - many plants in the food industry rely on high levels of operating efficiency to make profits.

Off to do some more digging.

[don muang] 05/10/2007 12:36

.... so that's City Equities with a 'Sh' as opposed to 'C' then....

[spaceparallax] 05/10/2007 12:30

Don,

I was flogged SEO by City Equities for about 10p a share - not my best ever investment!

[don muang] 05/10/2007 11:00

... or if SEO takes off upwards then we won't need a new header ..... !!

PS: I bought SEO late year and actually unloaded it at a profit a few weeks later .... don't think I'll buy in to it again yet even at present lower price .... for a longer term holding VTO does seem a better consideration than SEO....!!

[yump] 05/10/2007 10:47

I suppose could do what happens frequently - wait for it to start rising and then start a new thread. Oop, shouldn't have said that !

[don muang] 05/10/2007 09:57

.... unfortunately once the header title is set it can't be modified by the creater of the thread ... so it's a case of either we're stuck with it or start a new thread with new header ....

[spaceparallax] 05/10/2007 09:54

Yump,

I've always found the bug endearing. On the matter of the SEO reference, I have asked Plantronics to remove it for exactly the reasons that you quote.

[yump] 04/10/2007 21:41

This looks quite interesting - might have a closer look.
Cool bug.
But is the thread title designed to put people off until we've built a stake ?
(only the word Stanelco filled me with dread)
;-)

[spaceparallax] 28/9/2007 11:57

I'm amazed that the share price has fallen back after the recent positive results - the Company's making an operating profit so early in its life and has tremendous growth potential. Sellers could seriously rue their action in a very short time.

[muxdapanza] 25/9/2007 09:52

Hi Nevil,

The context for me at least is important:
They completed 2 acquisitions in the period and commenced the launch of the cryonite product (across a number of continents) with all the associated costs of the launch and the acquisitions. So it is not even year 1 for the enlarged group yet.

So to turn a profit in Year 0 shows good cost control and good underlying businesses. Now if this was year 1 and they only managed a profit of 24k I would be mightily disappointed.

Do you think they are impressive numbers for a start up group?

[nevil neville] 25/9/2007 09:44

The recent figures show a real profit before tax of 24k (ignoring the accounting credit).

There has been a net cashflow.

Do you really think these are impressive numbers, or just creative accounting ?

[spaceparallax] 20/9/2007 15:03

Presumably, we'll get a bit of decent publicity and be tipped amongst the journals - I'm amazed at the lack of positive response to the recent figures.

[muxdapanza] 17/9/2007 16:51

The positive cashflow from operations is there in the P & L account and the cash flow statement.

I am well aware of the goodwill write back. What you have to appreciate is that at this stage I expected them to be making a loss - operationally.

[jonwig] 17/9/2007 16:38

Mux ... where do you get the "positive cashflow from operations" from?

Trouble is, most of the profit is credit of negative goodwill. The 2nd half won't be the same. That's the problem with IFRS.

[phurley] 17/9/2007 16:36

Good results with a decent business.

[don muang] 17/9/2007 16:29

great. back to 18p bid.
oh, well! tomorrow is another day.

[muxdapanza] 17/9/2007 16:24

I think they have a non exec still holding a few! He is wanting to exit.