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KLBT IOMINVESTCOM
03 Sep 2015
On the move?? Good to see some life in the share price today after one recent single contract win. I'm keen to see it break north of 1.08GLTA
CRE gretel
03 Sep 2015
Re: AGM coming soon AGM statement is this coming Monday, and should hopefully be good.Current consensus is 13.93p EPS and a 4.55p dividend.GM
FEET jsan22
03 Sep 2015
holdings Hi all, just to say that the top ten holdings for this are available on the FT website. I only mention this because I couldn't find them anywhere else. [link] to see that there is minimal direct exposure to the Chinese market.The big holding is India and 10% in Ireland which I didn't know was classed as an EM but there you go.
TERN city watcher
03 Sep 2015
INTERESTING - So What? Next I remember 'Silvermere Energy 'Dear Mr Wheatley and Mr Stuttard,I was explicit: I warned you time and time again that if you failed to act there would be further problems down the road. I explicitly warned you about Tern plc (TERN) – a company which evolved from the restructured mess that was Silvermere Energy plc following a CVA overseen by Antony Batty (who oversaw the DLM CVA), one of whose Brokers is Peterhouse Corporate Finance (DLM’s Broker), whose Chairman is Angus Forrest (as he was at DLM) and whose Directors include Bruce Leith (as per DLM). I warned you again and again. Over and over.And so here we are, with history repeating itself. Investors have been mugged, shares look to have been issued at the wrong price (so it seems, from filings to Companies House), Company assets have been misrepresented by RNS and a whole host of smaller foul-ups. But the big one is the takeover by Tern plc of Cryptosoft Ltd and a subsequent equity share placing.On 15 Sept 2014, Tern announced by RNS that it had bought a 95% stake in Cryptosoft, paid for by the issue of just under 2m shares, issued at around 2p per share. Tern also made a commitment to invest £300,000 in the business. my maths, that would suggest an Enterprise Value of about £55,000. Tern’s shares hung around a 2p-4p range until December 8th when the shares started to climb, reaching an intra-day peak of around 14p on Dec 23rd 2014.The company released the following RNS on Dec 22nd:Share Price MovementTern Plc, the investment company specialising in the cloud and mobile technology sectors, has noted the recent increase in its share price.The Company can confirm that, other than matters which have been announced, there are currently no other developments it wishes or needs to bring to the attention of the market at this time.This RNS was signed off by Chairman, Mr Angus Forrest and Nomad (and joint Broker) WH Ireland. Also named on the RNS were Peterhouse Corporate Finance, joint Broker, and the Corporate PR firm of Redleaf Polhill.Signal Hill has explicitly stated that it was simply reporting the transaction between Tern and Cryptosoft based on public information. It was also explicit that they had nothing to do with that transaction. It is clear, then, that this was not an independent valuation at all. It was merely reporting that the transaction had taken place.But it appears that a clerical error there led to the purchase of 95% of Cryptosoft being stated to have implied an enterprise value of $75,000,000 when, in fact, (and Signal Hill has sent me the source material) the figure should have read $75,000. I would like it placed on record that Signal Hill have responded to my enquiry extremely promptly. I have the email correspondence and would be happy to provide it to you.It is my belief that Tern should have, either of its own volition, or under the advice of its Nomad and Brokers, corrected this misunderstanding which was widely held. If you would care to read through the postings on, for example, the Tern boards of ADVFN, LSE or iii you will see very clearly that investors believed that they were buying Tern (with a market cap of around the £2-5m mark) believing that Tern owned an asset which had been independently valued at $75 million. It had not been.It appears that this misapprehension commenced about a week before Christmas. You will note that the shares in Tern put in the lion’s share of the price spike from 18 Dec onwards, opening that day at 5.25p and peaking on 23 Dec at about 14p – a rise of over 150%. Even on the day of the Dec 22 RNS (issued at 2.20pm) the price peaked at almost 10p, almost 100% up in less than three trading sessions.Yet all Tern did was to issue an RNS stating that there was nothing that ‘it wishes or needs to bring to the attention of the market’. Please would you investigate whether that statement constitutes Market Abuse on the grounds either of being misleading (ie the comp
MSMN hobione
03 Sep 2015
Transformational deal could be a company maker, RNS reads good too...
SCE gretel
03 Sep 2015
Re: RNS Indeed. Excellent RNS whilst I was on hols re the progress in automotive:[link] with the progress in aerospace these are exciting times.It's worth reflecting that the m/cap is still a measly £8.1m, despite the potential and the existing revenue streams of £1m+. IMO this could easily double or treble quickly with a solid announcement or two. Longer term, who knows?
HVN gretel
03 Sep 2015
Good news for HVN's NashTech [link] partners with NashTech for offshore development23 hours ago | 922 views | 0 Source: Cashfac Cashfac Technologies, the market leader in Bank-to-Corporate Cash Management solutions, today announced a partnership agreement with NashTech’s IT outsourced development and test operations. NashTech will provide offshore development and test resources for a number of Cashfac’s non-core capabilities from their base in Vietnam. The NashTech resourcing complements Cashfac’s UK based development team and is supporting the expansion of Cashfac’s cash management solutions. NashTech is a division of global IT outsourcing and professional recruitment company Harvey Nash Group. Cashfac continues to expand its core technology development and deployment capability while NashTech will provide additional capacity for non-core external components and test services in order to accelerate time to market. This news follows the announcement by Harvey Nash of its plans to establish a new Tech Hub virtual network to enable UK tech enterprises to meet, share best practice and collaborate with partners from Asia’s dynamic technology sector. The initiative has the backing of Prime Minister’s in both the UK and Vietnam and will help to unlock millions of pounds of value through the development of new technologies.Richard Cummings, CEO of Cashfac, said: “NashTech has developed a reputation for innovation and process excellence. These values combined with their stable, highly educated and experienced team in Vietnam offers Cashfac a tremendous partnering opportunity. NashTech are enabling Cashfac to expand in a controlled and scalable manner that supports our considerable growth and the increasing demand for our solutions. We are already seeing the benefits of this working relationship.”Paul Smith, Chairman of NashTech, said: “As the second most popular investment destination in Asia Pacific, behind China, Vietnam presents huge investment and collaboration opportunities for the UK technology sector. This partnership with Cashfac demonstrates the positive impact that relationships with the UK technology sector can have on Asian business. We look forward to our continued work with Cashfac and to helping support their continued growth.”
AVG Lion Rock
03 Sep 2015
Re: I wonder Just found this posted yesterday re Avingtrans: Hedge fund star David Newton has ramped up his stake in Avingtrans from 1.77 million shares to 1.94 million @97p. Despite hard hits to SP in 2013 and 2014, analysts have begun lifting their forecasts with a target of 135-138p.
TERN AsherH
03 Sep 2015
Re: Rinse and repeat You were saying? Well done holders
KLN BOWOOD
03 Sep 2015
Re: Interims I share your view B that a fair value is the 4p plus level. KLN continues to recover from a bad period and has, over the past couple of years consolidated its operations and looks better set to grow. There is little liquidity in ths stock and even small value selling seems to cause the mm's to mark down. A bit like NBB
AFPO guyswonga74
03 Sep 2015
Take a look at SRES guys
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