Zirax Share Discussion Threads

[studhaves] 10/6/2008 10:54

Well,
I just bought a few more. The fundamentals look strong, & although its a worry that the price has dropped they should do okay unless some nasty is lurking.

[azalea] 04/6/2008 06:08

If (ORI) who got taken out is anything to go by, one cannot read anything definitive in someone selling a chunk of shares.

[studhaves] 04/6/2008 01:49

I guess it has to be one of these guys:

Erith Group Limited 102,531,250 59.5% (50% owned by M Baranov)
Valery Andosov 18,093,750 10.5% [this guy is the CEO]
OOO Yugo-Vostok Promkapital 13,333,333 7.7% (66.6% owned by Baranov & Andosov)
Pennygold Trading Supplies Limited 9,725,530 5.64% (owned by Metropol)
Metropol (UK) Limited 6,911,229 4.01% (Brokers - Russian)
Robur Fonder AB 5,229,767 3.0% (Swedish Bank)

But is this confusing or what.....

M Baranov holds his shares indirectly via Erith Group, of which he has a 50% share AND through OOO Yugo-Vostok Promkapital in which he is a 33.3% shareholder.

Mr Andosov holds his shares directly, & also indirectly via OOO Yugo-Vostok Promkapital too, in which he is also a 33.3% shareholder.

Metropol is the broker, part of a Russian group, which also owns Penneygold!


If we assume that Baranov & Andosov are not selling, then that takes out the top 3. Since Penneygold just bought 1.9 million it surely can't be them (can it?).
That leaves Metropol, which would just be shuffling paper, or Swedbank (Robur Fonder), unless there are some other sizeable shareholders, but when you take out the above there are only 16.6 million shares in the market (& that doesn't take account of any director holdings, which there may or may not be), so there can't be many.

I get the feeling its Metropol/Penneygold mucking about (eg PG selling them in chunks then buying 1.9 million), but for what reason I have no clue.

Tax reasons? Currency reasons? Crazy Russian reasons?

Any ideas?

[lecks17] 03/6/2008 20:52

Another 1.4mil at 9p may have a rns in the morning again maybe the seller is still selling he doesn't need to announce it until he has finished.

[azalea] 03/6/2008 09:52

Quite simply, there has been no justification for the fall in the share price and at the current level the shares have to be seen as cheap,with pennygold's recent purchase reinforcing that view. There have been several buy tips this year and no negative comments from the company. ZRX is not on many PI radar, whilst the list of major shareholdings are not straightforward. However, what everyone can read and understand is revenues and profits, to that end I suspect we will have to wait for the next results, for PI, if not others, to catch on.

[studhaves] 03/6/2008 09:38

Stegrego, if you look back a few posts you'll find an old one of mine. 90.35% of the issued share capital is/was held by directors & a couple of other companies, leaving just 16.6million shares floating around the market.

I think Penneygold selling their 90K & then 100K (or whatever exact quatities it was) shoved the price down, & prompted lots of PIs to sell as well. They've then bought back 1.9 million at a much lower price (almost 5p lower!!) saving themselves a fortune.

If any of the major share holders had sold it would have required an RNS, particularly if it was a director, surely?

Remeber that ZRX have strong russian ties, Russian director/s, the broker is a branch of a Russian broker, & Penneygold is part of the russian broker too.

They're all in bed togetherski.

[masurenguy] 03/6/2008 08:06

RNS Number : 7304V
Zirax PLC
02 June 2008

Holding in Company

The Company was notified today that, on 28 May 2008, Pennygold Trading Supplies
acquired 1,900,000 ordinary shares of 1p each in the Company. Following the acquisition, Pennygold has a holding of 9,574,373 Ordinary Shares, representing 5.56 per cent. of the Company's issued share capital.

[hsbcpremier] 02/6/2008 22:17

make sure you have clean towels :)

[hsbcpremier] 02/6/2008 21:33

thanks matey

[stegrego] 02/6/2008 21:31

hmmmm nice bit of research youve done there....

Makes the 4p forecast even more believable


Derrrrrrrrrrr

[stegrego] 02/6/2008 20:46

someone has to be selling, otherwise how do they get 1.5 milion shares and why is the price at all time low?

dipped a toe in here today - pure small punt but 9.18p seems a decent entry point as long as nothing is wrong....

which hopefully pennygold buying means there isn't (and why I decided to buy a few)

[studhaves] 02/6/2008 20:35

I don't think its necessarily a case of anyone selling. Its only got a small number of shares available in the market (most held by directors), is lowly traded, & is open for price "adjustments" as seen fit by the mm's.

We thought Penneygold were selling, but actually they've increased their stake by a big chunk. They are related to the broker (part of the same company).



What does that say?

[stegrego] 02/6/2008 12:24

So if Pennygold is buying then who is selling??

[azalea] 02/6/2008 12:20

Ah ha, 'Pennygold' has changed its mind and added 1.9m. Good news.

[lecks17] 01/6/2008 21:23

may be some news on monday 4mill shares traded

[studhaves] 01/6/2008 14:17

Well,
one of the directors bought some at 11.5p, so he obviously thinks its worth more. He didn't buy a lot, but he held a lot already - he didn't really need to buy any more, it made hardly any difference to his holding, so whats the message?

[thwarnts] 29/5/2008 18:24

Its funny when every pundit says buy, then the share price tanks.. why ?
Still think this stock is a good long term hold on fundamentals alone.
Could be the right time to add more, or wait and see if the seller continues ?

[whonosewhy] 28/5/2008 18:00

I still have the feeling this is Pennygold selling out completely. The mms have the shares on tap at the moment I think.

I will watch for it turning round and then top up because the fundamental story here should strong going forward.

[steveb3] 28/5/2008 17:44

Not easy to establish how much selling has been going on today as throughout mm's have been offering stock in quantity online at below mid price.

[carlos panda] 28/5/2008 13:49

I'm always amazed to see investors selling for no reason other than the price dropping following a sale in an illiquid stock. A too-strict adherence to stop-losses in a small cap like this can only end in tears! I look forward to to increasing my holding soon - although with so many great bargains around at the moment (GNG,GTE,HAIK etc) it's not easy to prioritize...

[azalea] 28/5/2008 12:50

I'm definitely sitting tight. If if there is one element that is not going to be affected by the very recent but small drop in oil prices is the drilling for oil with demand for rigs at a premium.

[studhaves] 28/5/2008 12:19

I think its easy to become un-nerved by selling & price fluctuations, but without knowing why people are selling it doesn't mean much.

The best bet is to go on fundamentals, & they look sound. I think with so little stock in circulation a bit of selling has a big effect on this relatively quiet stock, but it will work the opposite way when interest builds.

I'm still holding & will top up.