LSELondon South East
IIIInteractive Investor
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INTQ Golden Raider
21 Nov 2014
E Music Interesting article in the FT about Pandora [link] the line:-Pandora’s enterprise value is three times forward revenues, which is low compared to the likes of Twitter, Facebook and GoogleAkazoo's forward revenues are ?In the three quarters to 3Q 2014 B to C revenues were €19.9m (+70% yoy) - perhaps a good proxy for Akazoo. So perhaps €26.5m for the full year and perhaps €40m for next year.
WIN wuffet
21 Nov 2014
early xmas present Hi all,I know it's a bit early to mention Xmas but I just wanted to praise the stock that keeps on giving, up 15%+ over the last 2 weeks. Good volume today as well as the price rise. Just a point of the fuel, it depends I think on the mix of open and closed book contracts as to what benefit Win get from fuel reductions, as well volume increases from customers etc.It may be that the reduced likelihood of an interest rate rise until say 2015 has also helped what is still (though less so now) a relatively highly geared company. For me not a zombie company although if it is I wish I had more of them as a 400%+ rise in the last 2 years beats most 'fashionable' companies.Good luck
AMI rickyroman
21 Nov 2014
Mineste...Investec et al.... ....doom gloom and misery......just like Blur's Parklife...'they luv a bit of it'........not interested in the welfare of the workers, whether local suppliers can be paid......Nah, much better headline AMI going same way as London....African Minerals going to the wall....Ebola spreading like wildfire.......I/O prices at 5 year low......bunch of wasters, all of them...
CRA Michaelx105
21 Nov 2014
I just gave CRA a BUY rating: Some juicy contracts, large overhang cleared, some good IP, and already on its way up.. Will I be right? [link]
CRA phil and leggett
21 Nov 2014
Re: Life returning to this dog? Hargreave Hale UK Stockbrokers & Investment Managers...On my wind up coal powered desk top i have a google box...copy & pasteing your words Voila the above...Lot to be said for traditional equipment...lol...Phil...
The ask price is up to 9.5 cents from 9 cents yesterday and 8.5 cents last week on the TSX.
RGM camcon13
21 Nov 2014
Financials Out.. ...Looking much better all round IMO. Couple that with the projects on the go and the case is pretty compelling for a cheap entry point into a stock with high potential. West Virginia delay hidden in there, but on we go.
PAG jake_walker
21 Nov 2014
Re: up 3.8 per cent Must be a broker upgrade/tipsheet rec - cant see anything else to move it so muchJake
AMI rickyroman
21 Nov 2014
...Grant - I agree...... ....we are the long-suffering shareholders here and many of us have been around for a long-time and seen our stake repeatedly decimated, yet we have still kept the faith. If we don't get a reasonable update and then an 'insider's view' from Danny Forston appears in the Sunday Times, I will be extremely angry. I am sure Alan Watling is a sensible, cautious man and will try to embrace agreement from all parties, but what kicked this off. Everything was hunky dory, the funds were available for draw down and we should have been okay until mid-2015. I find it difficult to believe that FT / AMI were stupid enough to upset their bank-rolling partner SSIG....Why would you do that ??....much better as a team than a disparate band of individual egos. Something triggered the 'stop' from Shandong and we need to know. I cannot afford to lose my investment here and I invested because this was a potential mining giant bringing wealth and prosperity to a former British colony.Investor Relations - I hope you are reading these BB's and passing on our comments to the Board........................
SMDR one4all
21 Nov 2014
Re: this aint over SONA deal can still be done by ophir after they take over SMDR, then OPHIR would be the biggest winners here. I await SONA offer for the whole SONA offer at 125p will come IMHO
With regards to my previous message concerning the \\\\\rns dated 12.6.2012 I believe CRND upgrade the resourse gold to inferred gold a dfference of $5.40 per oz or on 30m oz about $162M to be added on to the price
SRP gamesinvestor
21 Nov 2014
Hadn't read thsi before previous post The outlookSerco is facing a very difficult couple of years. trying to do too much, it has been lumbered with lots of contracts that are losing money. This problem is so large that the company is taking a £1.5bn hit that will smash its balance sheet to bits: shareholders’ funds were just £1.2bn beforehand. Debt is also going up and will probably average over £800m this year. In a nutshell, its financial position is unsustainable. So it is going to have to raise lots of cash to get back on a stable footing. It will do this by selling off businesses it no longer wants and by asking shareholders for £550m in a rights issue early next year. Rights issues have a tendency to frighten investors. With Serco this looks to be justified. Any rights issue will probably have to offer shareholders new shares at a big discount to the prevailing share price, to get them to sign up.But getting back to a sound financial position is only the beginning of the process. What’s of more concern to shareholders is that the company’s profits could continue falling for some time to come. In 2013, trading profits were £285m. This year they are likely to be £140m, at best, before falling further to £100m in 2015. Soames reckons that things could still get worse than this. He reckons that revenues could bottom out as low as £3bn in 2016, with profit margins of possibly 2%, suggesting trading profits of just £60m.The trouble with Serco – and a lot of outsourcing companies – is that it is very difficult for outside investors to work out what kind of sustainable profits it can make. The problem is that it’s just not as easy for these types of company to make money as it used to be. Competition has increased and is putting pressure on profit margins. Governments have also wised up and are now a lot smarter at getting value for money for the taxpayer. A lot of risks – such as cost increases – have been passed back to the contractor.Soames has tried to offer some hope for better times in the future. Serco is going to concentrate on things it is good at, such as defence, justice and immigration, transport, citizen services and health care. It reckons that these areas can offer rates of sales growth of 5%-7% a year with profit margins of 5%-6%. If this is achievable, then perhaps Serco could be making £180m-£200m of trading profits in five years’ time. However, at the moment, Serco has an enterprise value (the market value of its shares plus average net debt) of just under £2bn, which implies the kind of sustainable profits it hopes to make are a given. That is a brave assumption to make. With a big rights issue yet to come, Serco’s shares are still trading at far too high a price to make them worth a bet.Verdict: avoid
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