NEW ARTICLE: Trends and Targets for 4/09/2015 " FALANX GROUP PLC (LSE:FLX) finishes our Support Services Sector week. Pity we didn't cover it earlier as it just "suffered" a 70% rise. It's a share which had been bothering us due to our tea leaves suggesting ultimate bottom was 10.5p. ..."[link]
IC Simon Thompson Extracts:"......with little hope of the pricing environment improving anytime soon, and the board mindful of the need to protect shareholder value, a review of the business will be completed before the year end.Bearing this in mind, its worth noting that the companys net assets of 50.3m equated to 23.5p a share at the end of June and included net funds of 17m and inventories of 27.9m. This means that cash and stocks equate to 21p a share. Of course some of that cash pile will be burned in the second half, but there is light at the end of the tunnel...............I still believe there is scope for the share price discount to book value to narrow if the company takes the sensible course of action and winds down the business. I am sure other shareholders will be thinking the same way too. Hold."
There is value here 19 May Final Results for the Year Ended 31 December 2014 The Company is pleased to present its audited results for the year ended 31 December 2014. OPERATIONS REVIEW Dear Shareholder, The year under review has seen Tiger's net asset value fall to 1.24p per share from 2.32p per share as at the 31 December 2013, representing a 47% decrease in the year ended 31 December 2014.
takeover Anyone have a view of the nil premium offer?( 3% above price yesterday, 3% below last week)
Exane BNP Paribas From ADVFN:"TalkTalk pushed higher after Exane BNP Paribas upgraded the stock to 'neutral' from 'underperform' and lifted its price target to 260p from 210p to reflect the potential for improved news flow through the second quarter after the recent sharp de-rating.The bank said that while it continues to believe TalkTalk's business is fundamentally challenged, the sharp underperformance in recent weeks has partially reduced the valuation anomaly. It added that news flow over the next six months is likely to be far more supportive.It said greater regulatory intervention at Openreach would be taken positively, while progress on the York FTTH trial - specifically news of early customer adoption - could reignite interest in the potential of the CityFibre joint venture.It said that where Ofcom's review of BT is concerned, the likely outcome would be a compromise involving more hands-on regulation of an integrated BT."That said the risk that Ofcom decides to pursue a breakup of BT is greater than many believe. We see clear scope for a regulatory shock in this respect," said Exane, adding: "What's bad for BT is generally good for its competitors." "Talk up 14p today to ~ 304p (vs the new target of 260p).nk
news [link] cr@@ks , the only ones loosing money are their ivestors, again a few management names to keep in mind, if they appear somewhere else.They blame everything, just not their total incompetenc@
Re: Enticing income payer however with dubio... Was looking to come aboard, but that "Wall St" allegation is a little unsettling. What are other people's views about this co right now?
Cheers Sean Hunter, that made for a great laugh.
A Dollar Crash of Biblical Proportion! Extract - "Meanwhile China has sold $100 billion worth of Treasury bonds over the last two weeks. Bill warns, the leverage in all markets suggests a holiday will occur because the unwinding cannot be orderly."[link] should be interesting. May you never live in interesting times!
Re: rise? Google Finance shows 4.38 M shares traded today, average is 1 M a day.
Re: Tanker shipment also more oil shipped than last year and at an earlier date..
Re: H1 I agree. Excellent results and still low rating, both in terms of price to book and price to earnings for a company generating decent returns on equity. What is share soc btw? Thanks
What was different when this was 10p a share?
Re: Marginal Field article That puff piece from Minty is totally illogical. If the definition of a size constrained marginal field increases as the price of oil drops, then the ABTOG solution of a multiple use facility becomes increasingly unfeasible. Several small fields might be produced by reusing a production facility, but not several larger ones, and this is not Mintys brainchild anyway remember BP SWOPS, Golar Nor, Uisge Gorm etc.A larger field while being marginal on oil price will still require a dedicated facility rather than a reusable one. Field life increases with field size and production facilities rot over time. Premiers Solan at 40 mmbo is marginal at $50 oil but it has a dedicated fixed platform to cater for field life.The operator decisions in the North Sea in this price environment are the monsters not the tiddlers for obvious reasons of benefit of scale Statoils Mariner and Maersks Culzean for example.Even Xcite with 250 mmbo plus in Bentley cannot pull together a consortium to develop it after 5 years of trying. Managing a consortium is like herding cats and is no way to develop an oil field, especially if you have no money.Anyway, if the Marginal Field Development Consortium is such a great idea, why take on the hard stuff in the North Sea when Enegi has a moribund onshore oil field in Newfoundland that all this talent could surely solve?The mans a dreamer in my opinion. He spends shareholder cash on things he cannot possibly achieve, and never delivers, and then spends even more shareholder cash on media promotion of his smirking ego and how clever he is despite everyone else going in the opposite direction.2 pound to two farthings is the track record. There is no defending that.
Re: Fund raising falls through r66 - sorry to say I don't see AXM being around much longer. You really have to wonder what they have been doing to justify any salary after all these years of non-delivery. Its a disgrace!Unfortunately they have taken shareholders for a ride in my view, and it will be little short of a miracle if AXM can turn around.
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