broomfielder
12 Aug 2015
Re: Interims I agree with what you say BOWOOD. This share should have legs to reach 3 - 4p in the near term provided past reported Trading improvements (including control of Overheads) have been maintained in 2015 H1. And I would concur that not many longer term shareholders would be too keen to offload at c2p.Your comments on Gearing are relevant - the high level initially would I'm sure be off putting to some potential investors especially when Losses were being accrued. However the prospects of a move toward Profit might get more (prospective investors) to buy into the Group's Capital Risk Management policy. It certainly helps when the Principal is a significant debt provider as well as controlling shareholder. So essentially the debt burden is manageable and clearly liquidity should improve as trading performance does likewise.Finally interesting the SP appeared to increase c2% today on no transactions whatsoever. Certainly not something I am familiar with!B
BOWOOD
12 Aug 2015
Re: Interims KLN is massively operationally geard so any increase in NFI and with admin costs under control will have a substantial benefit on the bottom line. Many PIs will want to see the SP nearer the 4p level again so I do not see any large sell offs once the SP moves through 2p. The economic recovery is only in its infancy so I feel accumulating up to 2p now will look to have been the smart move in a couple of years.
broomfielder
11 Aug 2015
Re: Interims While the awaited Interims will hopefully disclose a welcome return to profit, this performance allied to a very restricted free float is key to how the SP will react on the announced figures. As we all know the price certainly for AIM stocks invariably goes down on news etc but I agree that it shouldn't in KLN's case.Thanks Mantrova for the L2 stats - this rather bears out the difficulty I had last month in getting a price quote online for a fairly modest acquisition.I know that many PIs buy in to the very small share transactions reflecting signals among MMs and while I don't know if that is the case, the price this morning was up c8% apparently on a purchase of just 12 shares. Whether that indicates a shortage of shares I wouldn't know but I would have expected the spread to be narrower (I appreciate the the actual trading spread is thankfully narrower that the somewhat obscene indicative spread).Anyway I managed a tiny top up today upon exiting from one of my many loss making miners so here's hoping. I agree that KLN should be a longer term recovery play as well. After all it has a fair bit to go before many get close to break even on this one but the signs have been encouraging for some time and the Interims could well reflect a springboard for the Group and its SP.B
mantrova
11 Aug 2015
Re: Interims I'm with you on KLN, BOWOOD. I've held for some years now and just have the feeling that the stage is well set for some decent recovery here.KLN might well be literally a penny shares, but the reality is also that the stock is tightly held and even any tiny buy can lay claim to having moved the price,,,,,and often out of all proportion to the size of the trade.At the moment on Level 2 there is only 200k shrs IN TOTAL on show, on each side of the bid/ask.....a mere £2700! Those are spread over 4 mm's, so one can readily see how quickly this shares will fly on even a whiff of good news.On the ask side, the 200k is split, 50,50,50,50. - but the asked prices for the stock on offer go 1.5p,1.5p,1.6p, 1.7p.The future looks interesting!glm
BOWOOD
11 Aug 2015
Interims Will be due within the next 2/3 weeks and interest beginning to be shown. Not a lot of free float and with the interims likely to show substantial progress, as KLN are in the right sectors I think the 2p level will be well passed. Still good value IMO
BOWOOD
21 Jul 2015
Re: Update If you consider the progress made over the past 18 months or so you can see there are very positive trends in revenues increasing and cost being reduced. Operational gearing will play its part in the half year figures which I feel should see us into profit after interest. At 2p the M/C is only about £6.7m and it will not need too much of an increase in revenue to bring in earnings for the year of £500k and an attractive pe
broomfielder
01 Jul 2015
Re: Update Any uplift in SP of that sort of magnitude would be more than welcome BOWOOD esp as I look at the performance of most of my other AIM investments.Apart from the obvious lack of liquidity in this share, I guess the possibility any of P A Bell's very significant shareholding could hold the SP price back. However if the Group's recovery is robust then even that could be dealt with given time and the right advisors.All we need now is confirmation of KLN's broad based recovery and a decent hike in the SP as at least we now have some breathing space with the Loan Notes.B
BOWOOD
01 Jul 2015
Re: Update 2p plus on the cards at the half year
broomfielder
30 Jun 2015
Update I have been in contact with Rakesh Kirpalani regarding the possibility of updating the Market ahead of the formal announcement on Interims normally scheduled for early September. He advised that my request will be referred to the BoD for consideration.Whether anything comes of this remains to be seen but if the Trading improvement is being maintained in the First Half then it surely makes sense to capitalise on this turnaround. I'm sure it would also boost everyone within the Group to get some positive news out.Who knows, it might even widen interest in the Group's shares which can only be good - I appreciate that with those not in Public hands added to our largest shareholders means that little more than 12% must be in PI hands. Hope I am not tempting fate here...?B
mantrova
23 Jun 2015
Re: Chance of any Trading Update? I agree with you BOWOOD and also KLN is one where it will be much too late to pick up shrs at a useful price once the business (after all these long, long, lean years!) becomes attractive to multiple buyers.m
BOWOOD
23 Jun 2015
Re: Chance of any Trading Update? I believe that any update would be very positive. KLN is recovering well and I understand that the brands are well respected. Costs are continuing to be kept under control and the operational gearing will have a massive affect on the bottom line. Half year results are due in August and could show a return to profit and lead to a rerating well above current levels
broomfielder
23 Jun 2015
Chance of any Trading Update? Although the Interims are normally released around August / September, if continued progress in Trading was being maintained during the first Half, I would have thought the new Chairman etc might want to provide an indication of expected results. After all their internal Management Accounts will provide a clear picture by this stage and we are expecting continuation of recent positive progress so you might think it would assist everyone if they went public.However perhaps I'm being unrealistic in expecting (esp AIM companies) to begin to act as if they do have responsibilities to their wider body of shareholders.B
DreamBeaver
05 Jun 2015
Re: P A Bell Hmm...have to hope Ward to be more astute than Bell's b*m-chum at ULT. The latter took very little time to steer the company onto the rocks. Saving grace here, in contrast to ULT, is the much improved fundamentals.
BOWOOD
30 May 2015
Re: P A Bell Reeves has left the Board and Ward who is in bed with Bell has taken the chair.
DreamBeaver
30 May 2015
P A Bell I see, back in Jan/Feb, 'Bowood' was speculating as to the possible actions/intent of our 61% shareholder Paul Anthony Bell. Just in case you are unaware, Mr P.A.B, a resident on the Isle of Man, is under investigation from the financial authorities, including Inland Revenue, for fraud amounting to millions. Rumour has it that his assets are currently frozen this being a major factor with regard the potential annihilation of Ultrasis (ULT), he being a source of direct funding as well as a major shareholder.Anyway the last set of results showed significant improvement & prudent streamlining of overheads. What's more Anthony Reeves purchase strongly last year so do not anticipate a decline in sp unless PAB becomes unshackled & has to sell up to pay his dues back to the realm.
