Vision OP China Share Discussion Threads

[telbap] 12/6/2003 19:40

master rsi - v quite since the reverse trend - as i said i hold at 8.25 ave, so i want this to go up not down, but i have to be a realist not a dreamer, got to agree with EW here looks not good.

[tompaul] 12/6/2003 19:26

groin

Do you know something the rest of us don't ? I have to agree with enormous on this matter. You can make a profit from this company by buying on the dips and selling on the peaks, but no sign of real net profit. As their money dwindles they are less likely to win big orders, would you place a large contract for your call centre with a company who has an uncertain future and may be measured in months, the odds are against it.

If they had maintained their cash burn they would have been in serious trouble by now. Restructuring has only delayed the problem. Have followed this company for a couple of years and get the impression that the directors are just milking the situation. No sign of directors share buys over the past few weeks, even though they have options to buy!!

Several years ago they cut staff by about by 30 to 100 to save money. A few months later, when the dust had settled, they awarded themselves a big pay rise which negated the cost saving. So 30 people lost jobs to fund their pay rise!!.

Miricale can happen, but I think the odd are against it. Vocalis have strong competitors and a future that can be measuredin months, even their so called partners have no mention of them on their web sites. Good luck to all who hold.

[groin] 12/6/2003 17:51

Results due in the next three weeks.
A good company with happy clients and well in profit by this time next year.

[vector] 12/6/2003 15:59

Cash raised March 02 was £4.1m, down to £2.7m in Nov 02 and now £1.8m. In six months to Nov theyt lost £1.6 on a turnover of £1.4m.

Looks to me like they are going to need a miracle to avoid going bust by this time next year. They've been promising great things for the last three years and have never produced with numerous changes of directors in the meantime.

I would need a mighty lot of convincing before putting any new money into this company

[richoneday] 12/6/2003 00:25

Can someone please put this company out of its misery?

[hugeportfolio] 10/6/2003 19:51

Has there been a notification date for the results?

[tompaul] 10/6/2003 19:49

Amylouise

Last year the results for the year ending 31st march 2002 were announced on 13th June 2002. So any day now I would imagine.

[amylouise] 10/6/2003 11:42

So when are the results out ?

[andrewhbruce] 09/6/2003 13:18

the mms dont appear to be short of stock, although wots 700000 shares between friends?

[boobly] 09/6/2003 11:20

She`s looking very strong to me !

[master rsi] 09/6/2003 09:03

Despite the marked down on the bid price from the opening the buyers are getting in from the start and MMs and not giving the stock cheaper than 4p, so the bid will have to rise again, and the MMs games be over.

[master rsi] 08/6/2003 21:21

InterGlobe

Did you forgot your nickname, and change again "Bankside Investments"

Try to be more gentle on you aproach on things and not trying to lubricate everything with OIL, not allways work.

[interglobe] 08/6/2003 21:04

COMPANIES UK & IRELAND: Petrel fate hangs on Iraq deals
By John Murray Brown
Financial Times; May 10, 2003


In a room in Dublin, developments in Iraq are being followed with particular interest.

John Teeling, founder and chairman of Petrel Resources, a small Irish oil and gas exploration company, is keeping his fingers crossed that the exploration licence signed last year on a block in Iraq's western desert, and the work done on rehabilitating two fields in the Basra area, will survive the change of regime.

Pertamina, the Indonesian state company, Petronas of Malaysia and ONGC of India have all taken blocks in the western desert.

But Petrel, which has a market capitalisation of £5m, is the only western oil company to have maintained an active presence in Iraq, even as the threat of war loomed.

It is also keen to push ahead with the development project near Basra, where in 1999 it conducted a £160,000 feasibility study into rehabilitating two fields damaged in 1981 during the Iran-Iraq war.

The shares, which are traded on Aim, have already doubled in the past month from 3p to about 6½p, reflecting optimism that, with the speedy end to hostilities, Petrel could soon realise its investment.

Gervaise Williams, who runs Gartmore's UK and Irish small companies fund, says the key test now is whether the administration that emerges recognises Petrel's claims.

Gartmore owns 8 per cent of Petrel. It and Scottish Value Managers are the largest institutional holders.

Mr Williams says: "It was important that they managed to secure a licence in the western desert. Under civil law, I think that would be enforceable. There will probably be much more competition in the Basra area."

Douglas Wright, a private investor who owns 2 per cent of Petrel, estimates the company could be worth £10 a share if it gets the go-ahead on the Basra fields.

However, Barrie Newton, of Rowan Dartington, Petrel's broker, is more cautious. "There are so many question marks. This is a very small company with virtually no assets. It has very good contacts in Iraq but there has been a major political change. We just don't know what the attitude of the new administration is going to be. It's foolish to speculate."

David Horgan, Petrel's managing director, who like Mr Teeling is a Harvard graduate, plans to travel to Baghdad later this month.

If the UN sanctions are lifted, allowing the company to import key equipment, he wants to conduct fresh seismic studies in September.

By early next year, Petrel could be drilling what would be the first well in the western desert for more than two decades.

Today, Petrel's immediate task is to make contact again with its key local advisers, using all possible means. "Our travel agent in Jordan has actually been very helpful tracking people down," says Mr Teeling.

The oil ministry was quickly secured by the advancing US troops, unlike the archaeological museum.

Petrel says much of the data had been moved for safe-keeping to a different location before hostilities began.

Mr Horgan says many of the company's key contacts in the oil ministry are now back at their desks.

"Mazen al Jumiraah, the man now in charge, I knew when he was the director-general in the technical department," he says. "He's an oily, not a party official."

The two fields near Basra - Subba and Luhais - were producing 180,000 barrels a day before 1981. To return them to full production will cost $350m (£218m) and take three years.

Mr Horgan says: "We deliberately picked two fairly smallish fields. We didn't want to provoke the super-majors. I think there's going to be plenty of room for everyone in Iraq. Opening a market like this only happens once in a lifetime."

Certainly, Petrel's title to the two fields in Basra is tentative, as unlike Lukoil, the Russian oil company which has a contract to develop the much larger west Qurna field nearby, Petrel never agreed terms.

The company claims the reason was the contract the Iraqis wanted it to sign would have been in breach of UN rules.

But Mr Teeling says: "Even if we assume the worst, and we lose out to the larger oil companies, we've been there and done the work. We're 18 months to two years ahead of everybody else."

Mr Williams at Gartmore believes Petrel should be in a strong position to talk to partners.

Indeed, this week Mr Horgan was in Houston, the US oil capital, doing just that, in a series of meetings with oil executives.

[boobly] 08/6/2003 21:02

It`ll save me a " V " if it breaks out ;>))

[interglobe] 08/6/2003 20:29

Top coming soon !

[red army] 07/6/2003 19:12

In anticipation of their results next week together with the techi push.

[boobly] 07/6/2003 16:57

RSI:........Bet you`re pleased with this one !

Big/unusual volumes here recently, is something brewing behind the scenes ?

Where do you consider the next resistance point to be ?

[boobly] 07/6/2003 00:11

RSI:........What`s your target on this ?

[rhiannon] 06/6/2003 20:46

PS can you please do the same for NMT (GRIN).

[rhiannon] 06/6/2003 20:45

Well Done Master RSI, till you took an interest even i thought this was a no hoper.wdik

[master rsi] 06/6/2003 16:40

The last deal of 500K a "T" tade was done this morning at 3.25p and was the one that started the things rolling.

As I said a couple days ago there is and intitution building an stake and buying big block of shares.

A very nice day anyway as we are reaching new highs on this uptrend.

[master rsi] 06/6/2003 15:08

The bulls are charging on the TECH stocks back in the US

Link..