Zirax Share Discussion Threads

[whonosewhy] 28/5/2008 11:29

Thanks Carlos - I too remain confident in the long term but what seems like the constant selling of Pennygold deserves comment from the company in my opinion because they are / were a major shareholder connected to the Broker.

I have cash waiting to top up here but with a ready seller on tap it seems that the price could fall further until the company does or says something to support the share price.

[carlos panda] 28/5/2008 11:16

If it sets anyone's mind at rest the 74,203 sold this morning at 9.75p was due to a friend of mine selling-out for no particular reason other than a need to raise some cash. I continue to hold and remain confident in ZRX.

[whonosewhy] 28/5/2008 10:56

This looks disturbing now.

No news from the company sales going through price falling like a stone and for what seems no apparent reason.

I am going to email the company and see what they say.

[whonosewhy] 19/5/2008 17:41

interesting steveb !

[steveb3] 19/5/2008 13:29

Currently can buy 10000 on line @ 10.613 and sell 10000 at 10.625 !

[whonosewhy] 16/5/2008 18:32

4 x 100k sells in 6 minutes late on a friday afternoon - Pennygold again? trying to 'hide' the sales when they think all the city folk are in the pub?

I think Pennygold are getting out completely for whatever reason and it would be nice to hear some comment.

[whonosewhy] 12/5/2008 12:42

typically understated announcement from the AGM - all resolutions passed. end of comment.

I wonder if anyone got to the agm and whetehr they might comment here on anything that was said?

[studhaves] 12/5/2008 11:25

Unloved & forgotten.

[whonosewhy] 12/5/2008 10:08

more buys this morning and the price down again!!

[whonosewhy] 08/5/2008 23:04

I like the currency point - that is actually quite feasible and an excellent thought.

Overall I think these will be significantly higher in the long run and I may well add some more if this dip continues.

[thwarnts] 08/5/2008 12:23

WNY&SH

great posts, keep it coming, in the meantime i'll buy a few more before next weeks news

[studhaves] 08/5/2008 01:36

Another possibility - currency hedging.

If the shares, which are held in Ireland (currency is the Euro) are traded in £GBP (which they are), then as the Euro gets stronger, the value of their £GBP backed assets diminishes.

eg, £1 was equal to say Euro1.5, so £1 million worth of ZRX shares was worth Euro 1.5 million.

Now say £1 = Euro1.0 - the Irish company has lost Euro 500K from currency movements.

As the Euro is getting stronger against both the £GBP (ZRX shares traded in GBP), & the $USD (ZRX revenue in $USD), then they're not a good stock for a Euro currency based company to hold - assuming they expect further £GBP &/or $USD weakness.

Or they're just hedging their bets by reducing?

Wouldn't matter for the other shareholders if they're not Euro based, & sure enough they haven't been selling. If thats the case then Metropol (UK) soaking up Pennygolds shares is a good sign - they don't want to give them up.


Viable?

[whonosewhy] 08/5/2008 00:54

studhaves - hope you have better luck than me.

Pennygold are linked to the Directors of the broker. Possible that at outset they were used as a vehicle for those Directors to get a holding in the company.

The only info I could find was possibly they are the same company that I think were based in Ireland and provide Trading Supplies to brokers - I think it was like software stuff for traders/brokers.

As you can see a lot 'I thinks' in that so not very concrete.

The best I could think (no evidence)was they needed some cash - maybe credit crunch squeezing them?

At worst they know something and are gradually seeing if they can get out before something comes to light.

I have seen that process once before with PARO where a major shareholder and original investor sold out massive amounts all of a sudden - the rest is history with Paro and ZRX is a completely different animal....I hope.

[studhaves] 08/5/2008 00:35

Does anyone know anything more about Pennygold? I take it they're just a bunch of hapless idiots selling a company as good as this, & it's not some vehicle holding shares for the directors?

In fact I'm going to have a look & find out, I'll let you know shortly.

[lecks17] 07/5/2008 17:22

whonosewhy i agree pennygold must still be selling thats why no rise in sp
with all these tips to buy

[whonosewhy] 07/5/2008 15:48

I think that we will get another RNS soon becaus ethere have been fairly regular sales of round amounts like 100,000 and 90,000 at various stages over the last week to ten days. I think that Pennygold are still selling - this is a bit of a pain because they have a lot of shares still but the fundamentals are still very strong here.

[azalea] 07/5/2008 07:42

With oil heading for much higher ground, global exploration will be at full tilt; ZRX will benefit regardless.

[studhaves] 05/5/2008 00:52

No problem.

Don't blame me if it all goes wrong though :)

[studhaves] 04/5/2008 17:47

Probably on the back of the credit crunch/dollar weakening plus a large stakeholder liquidising some of their holding.

It isn't a largely traded share, so any sudden increase in shares traded & they mark it down disproportionately.

Note also that the CFO has bought 50K shares recently, so although not a huge value in 1 transaction he obviously sees it as being undervalued & has a fair sized holding overall.

[hy3na] 04/5/2008 14:52

studs

Sounds good, but why did it drop from 15p to sub 11p??

[studhaves] 03/5/2008 21:15

I can't see why anyone would choose to not invest in ZRX.

Market cap of just £20.68 mil, Profit of £5.3m, cash in the bank, margins growing, demand for their products outstripping supply, they're diversifying into other industries such as the oil industry (now 50% of sales & a relief that they're not just supplying Moscow), & their product is essentially a commodity, ie a raw material, not capital equipment etc, so there is demand for it from other essential industries even if the general economy slows down.

You then have their aquisition/s.


You couldn't really ask for a better foundation for substantial share price growth, it's a classic Graham/Buffett growth stock.

[lecks17] 01/5/2008 11:12

It also depends on penneygold not selling

[azalea] 01/5/2008 10:17

The only qestion that remain now, is what volume of buys will move the share price up. Certainly, the trades yesterday and so far today are very encouraging.