LSELondon South East
IIIInteractive Investor
DTMdiscussthemarket.com
GBO gallant02
06 Nov 2015
Re: not my fault These people are well paid and should do a proper job, all too often they don't.There is a victim compensation scheme for victims of crime. In the case of Auditors it's called PI cover, it's there for a reason and we have every right to make use of it....
ASC II Editor
06 Nov 2015
NEW ARTICLE: Stockwatch: A share built for growth "Is momentum still on the upside at SuperGroup (SGP)? The mid-250 shares in this fashion retailer best known for its Superdry brand have more than doubled this year from 770p to test 1,600p after a strong trading update for the company's ..."[link]
TMZ Aaxb83
06 Nov 2015
Worth a read Frontier Silicon, a digital radio technology business based in Cambridge UK, has been honoured by a world body after becoming the best-selling DAB solutions provider of all time. - See more at: [link]
GBO The Millipede
06 Nov 2015
Re: not my fault I think there are genuinely good questions to be asked around the role of auditors and AIM regulations as well as the law and possible punishments for directors who act as they did here. The matter of justice is obviously harder to resolve when directors are based in overseas jurisdictions: I doubt the Chinese authorities will be handing over the directors of Naibu for instance (although, who knows, some might prefer Chinese methods to be meted out in that case).There is certainly nothing wrong with calling people to account and expecting them to do their jobs properly (although we also need to accept that people can not be reasonably punished for incompetence which might - not saying it is - have been the case with the auditors and the non execs).But I genuinely think here one issue has been the credulity of investors. FWIW and if it helps I ask the following question pretty much every day about my holdings: is there anything I have missed and are there any reasons or interpretations of events that might cause me to sell. I always assume the worst plausible explanation and react accordingly.And while I think justice probably demands the former CEO never be allowed to serve as a director again, and might even send him to prison, I do not think it would be right to compensate shareholders who have taken on a risk (the risk that you invest in a company with a bent director) that went sour. Nothing more. This is precisely why someone like Warren Buffet sets such store by his assessment of the management of his investments. As a result he takes reasonable risks and makes a lot of money. Posters on iii are always complaining that they are invested in a great company but that just has incompetent/ dishonest/ lazy/ in-it-for-themselves executive teams at the top....... surprisingly enough these investments often seem to go wrong in the end. Just re prioritise this issue and I think investing becomes a lot more fun!Here endeth the lesson. 
TXH Andy Pany
06 Nov 2015
I see now why the.... ...management wanted to take over the company at £1. I bought more when their bid was turned down.A nice sizable dividend announced today!
Unfortunately there is no contact number on the Telit website, so I have send an email on whether they have a clue what is going on. This stinks, as the Swisscom deal did not mention any financial numbers so that should not be the reason for the share to get hammered! Anybody here knows how to correctly check current major shareholdings? I am not familiar with obliged notifications in the UK, but would assume there is a register for major shareholdings?
BVS binjiou
06 Nov 2015
Rigged deck The rigged deck that the property market has increasingly become is ignoring the huge pent up " latent " demand for "affordable" housing. This demand is not going to be satisfied until builders significantly increase their output . Hitherto, it has paid them not to do so. They have benefited by restricting supply, which ,in this property obsessed society, leads to prices being far too high in relation to average earnings. This needs to change. A building boom could be arguably fuelled by more affordable prices; builders would then benefit from economies of scale, and profit accordingly. Lower prices should not necessarily mean lower profits .Government needs to promote the building of truly affordable energy efficient housing , and stop getting first time buyers into debt at the wrong price, thereby propping up prices.High house prices mean that most people have little or no disposable income after paying for and maintaining the roof over their head: not good in a consumer society like the UK
TCM imperator2008
06 Nov 2015
Re: increased my holding again Currently down 16% despite more and more contract wins. What on earth is going on here? Closing in on 2015 lows at this rate. TCM never used to be this volatile.
AMFW Damp Seaweed
06 Nov 2015
Re: Dividend cut Kenj2,I think you are taking a far too simplistic view, and are overly focused on the yield coming from the next two dividends. You make the assumption that you could sell the shares for the same price as you bought them. If you intend to keep them then the future yield looks pretty paltry IMHO, based on the expectation that interest rates will rise some time next year and AMFW is not exactly a low risk investment with a progressive dividend.If yield is a priority for you, then there are plenty of lower risk opportunities about offering ~6.5% yields
SVE OmarInvestor
06 Nov 2015
Ariana stake Ariana's Red Rabbit project has cleared all the hurdles at which it was likely to fall. Now they are constructing the mine, there seems at least a 75% chance it will come into production next year as planned.I believe they hold a 50% stake.On very broad brush assumptions. Ignore overheads on the basis that Ariana has other projects whose value may balance off. Ignore tax on the basis that the costs of developing the mine presumably have created losses forward.We are told costs are estimated to be $600 an ounce. The present price is ~$1100 an ounce. They are anticipating initial production of 20,000 ounces a year.Gives Ariana's profit 50% * $500 * 20,000 = $5,000,000 pa.Apply a PE ratio of 8 and Ariana's stake is worth about $40 million, say £25 million.Starvest hold 3% so worth around £0.7 million against Starvest's current market capitalisation of £1.0 million.Anyone still wondering why Bruce Rowan thinks it is worth taking a risk in order to increase his stake at 3p a share even though that is above the current market price?Omar
JLT II Editor
06 Nov 2015
NEW ARTICLE: Insider: Bosses go fishing for bargains "Jardine Lloyd Thompson chiefs buy lowLSE:JLT:Jardine Lloyd Thompson is down on its luck. After failing again to make headway much past 1,080p, JLT shares plunged 12% following this week’s third-quarter results, forming a classic double ..."[link]
QPP eagle51
06 Nov 2015
Re: Meanwhile I'm not the clown, OG.
HWDN oldjoe1
06 Nov 2015
HWDN, Broker Update........ <b>Howden Joinery Group Plc’s “Buy” Rating Reaffirmed at Panmure Gordon (HWDN)November 6th, 2015 -</b>Panmure Gordon reissued their buy rating on shares of Howden Joinery Group Plc (LON:HWDN) in a research report released on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 570 ($8.79) price objective on the stock.Several other research firms have also recently commented on HWDN. N+1 Singer reaffirmed a hold rating and issued a GBX 500 ($7.71) price objective on shares of Howden Joinery Group Plc in a research note on Friday, July 17th. Goodbody Stockbrokers Ltd reissued a buy rating and issued a GBX 575 ($8.87) target price on shares of Howden Joinery Group Plc in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised their price target on shares of Howden Joinery Group Plc from GBX 520 ($8.02) to GBX 560 ($8.64) and gave the stock an overweight rating in a report on Thursday, July 23rd. Beaufort Securities reiterated a buy rating on shares of Howden Joinery Group Plc in a research note on Wednesday, July 8th. Finally, Liberum Capital reissued a buy rating and issued a GBX 540 ($8.33) price target on shares of Howden Joinery Group Plc in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Howden Joinery Group Plc has a consensus rating of Buy and a consensus price target of GBX 537.27 ($8.29). Howden Joinery Group Plc (LON:HWDN) opened at 491.30 on Thursday. Howden Joinery Group Plc has a 52 week low of GBX 362.80 and a 52 week high of GBX 532.00. The company’s 50 day moving average is GBX 471.71 and its 200 day moving average is GBX 489.75.Howden Joinery Group Plc is engaged in the fabrication, distribution and sourcing to commerce customers of kitchens and joinery. The Business offers products, like flooring, worktops and breakfast bars, cabinets, kitchen frontals and painted skirting boards. The Organization manages approximately 589 depots, which are around 10,000 square feet in size, in industrial locations. The Company sold approximately 3.8 million cabinets, 2.3 million joinery doors, over 2 million square feet of flooring, 870,000 worktops and breakfast bars. The Business has operations in Belgium, France and Uk
GBO JakNife
06 Nov 2015
Re: Did You Short Globo? Probably not. It normally takes a few months to get confirmation and payment. Eg I'm still waiting for a payout on Afren.
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