OmniChart

EKF Oofy Prosser 23 Oct 2015

Going to the wire .... "Accordingly, an extension has been granted by the Panel and Jinjing must, by no later than 5 p.m. on 23 October 2015, either announce a firm intention to make an offer for EKF in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel."22 minutes left ...

AMED Thediceman 23 Oct 2015

Few shares getting dumped today! Can't see any positive news with this for a long time.

GKP wolfofwallstreet 23 Oct 2015

Great news ....... no point in having money in the bank and not paying your debts. Having monitored this board and several others for the past six months I'm slightly surprised the directors of a company have actually done the right thing for a change.

ALK hewhodares1 23 Oct 2015

R.I.P. Alkane Energy What a great pity they didn't keep going themselves, they did a good job getting it to where they did but it was worth so much more..... A profit is a profit I suppose.Good luck all.

TALK macbonzo 23 Oct 2015

Re: Dido Harding This woman received a £6.8m salary last year. I gather her passion is for horse racing. Maybe we could get Clare Balding to do the job instead for half of that.

ALNT nk1999 23 Oct 2015

Re: Mayhem Today PAH Thanks for the info.Could this be related to Alent takeover (PAH SP slide since then) or possibly impact it?nk

EDR DukeDosh 23 Oct 2015

Edison Flash note - 22.10.15 This flash note from Edison on 22.10.15:[link]

MNC Mole 23 Oct 2015

I topped up this afternoon and that hasn't shown up as a buy or sell??? ..A lot of hidden trades today.

MSLH oldjoe1 23 Oct 2015

MSLH, Somebodys Buying BIG........ MSLH Marshalls PLC, volume well up after yesterdays analyst visit, SOMEBODY is Buying big check the vol, chart +ive .........[link]

PUR noidea1960 23 Oct 2015

Re: Sold I should be clear I included Simon Thompson (IC) article

STGR Barrington58 23 Oct 2015

just glad they did not buy 666

PUR noidea1960 23 Oct 2015

Re: Sold I think you sold a tad too soon (You did not factor in Cash Pile properly for a starter):-My faith in Aim-traded Pure Wafer (PUR: 175p), a leading global provider of high-quality silicon wafer reclaim services to some of the world's largest semiconductor makers and foundries, continues to pay-off after the shares hit a seven-year high on news of a massive cash return to shareholders and an upbeat trading update.Following a major fire at its Swansea facility at the end of last year, the company made the strategic decision not to rebuild the plant, but instead return surplus cash from the $90.6m (£58.6m) insurance payout to shareholders after settling all liabilities and focus solely on its operations in Prescott, Arizona. All liabilities have now been settled and the 99-year lease on Swansea site has been reassigned which left Pure Wafer with net funds of $85.3m at the end of June, a sum worth 292 cents a share. At current exchange rates the cash pile is worth 188.5p a share, or 8 per cent more than the company share price. Of this sum, the board believe that between 140p to 145p should be returned to shareholders. Expect a further announcement concerning the timing of the capital distribution in the coming weeks.What remains is a business in the U.S.A. which maintained record levels of production and posted cash profits of $3.3m on revenue of $15.4m in the latest 12-month trading period. The operation was responsible for 44 per cent of group turnover in the period before the fire, and has since benefited from the transfer of some of the Swansea contracts. Analyst Eric Burns at brokerage W.H. Ireland values the US business at five times cash profits, or $16.5m (£10.7m). At current exchange rates that valuation equates to 36p a share. But with the company’s share price already trading below its cash pile, then in effect the Prescott operation is in the price for free. Furthermore, to a strategic buyer, the valuation could be substantially higher than this base case. Clearly, that’s an anomalous valuation even after factoring in further investment in the US facility and Pure Wafer’s working capital requirements. New target price So having initiated coverage on Pure Wafer’s shares at 72.5p in the autumn of 2013 ('Time to chip in', 10 October 2013), and seen the price hit my 175p target price post last week’s financial results, I can still see further share price upside. In fact, my new target price is 200p to give Pure Wafer a market capitalisation of £58.4m pre-cash return, or 4 per cent less than its net asset value of £61.2m. And remember included in the net asset value figure is a cash pile worth £55m and property, plant and equipment worth £6.1m.Frankly, there looks little downside risk here because if Pure Wafer’s share price continues to trade below its cash pile post the forthcoming capital return then I can see predators being attracted by the prospect of getting their hands on the leading wafer reclaim company in the US for a bargain basement price. Trading has been strong post the June fiscal year-end and the board expects this trend to be maintained throughout the current financial year and beyond.Please note that I last advised running profits at 162p (‘Bumper cash returns,’ 13 August 2015) after the share price hit my previous target price of 150p, having quadrupled in the six-month period after I highlighted the glaring valuation anomaly on offer (‘Engineering growth’, 5 February 2015). But in light of the better than expected insurance payout, higher net funds figure, and positive trading update, a recommendation upgrade is in order.Trading on a bid-offer spread of 171p to 175p, giving Pure Wafer a market capitalisation of £51m, I rate the shares a buy and have a new target price of 200p.

SEPL DukeDosh 23 Oct 2015

Q315 Results Next Week - RBC Note This from RBC earlier today:Seplat Petroleum (SEPL.L): Q3/15 Results – 27th OctoberSeplat is scheduled to release its Q3/15 results on Tuesday and we expect the company to host a conference call and webcast. We are forecasting net production in Q3/15 averaged ~50,000boe/d, reflecting a continued increase in production capacity from OMLs 4, 38 and 41; however, reported sales will depend upon export pipeline uptime and the company’s to export via alternative routes. Current FY15 guidance is 32-36,000boe/d, which we also expect management to update for increased production across these licences. Based on Q3/15 average Brent of ~$51/bbl, we expect gross revenues to be ~$146m and operating cash flow of ~$24m. At the end of July, Seplat had $29m in a new escrow account in London, pending agreement of terms of the Newton Energy transaction; management may provide an update on the deal in its results.

ALNT I Wish I Knew The Answer 23 Oct 2015

Mayhem Today PAH Ceo retiring once replacement found announced today. Shares plunged by over 20% and temporarily suspended. Trading resumed now 8.5% down.Hold on to your hats, & watch your stop losses.

GKO thirty fifty twenty 23 Oct 2015

more director buys at 90p 2 directors buy 1 million shares at 90p!I think they expect the deal to complete!!All IMHO, DYOR + BoLGKO is in my top5 hldgs