LSELondon South East
IIIInteractive Investor
DTMdiscussthemarket.com
PAG jake_walker
21 Nov 2014
Re: up 3.8 per cent Must be a broker upgrade/tipsheet rec - cant see anything else to move it so muchJake
AMI rickyroman
21 Nov 2014
...Grant - I agree...... ....we are the long-suffering shareholders here and many of us have been around for a long-time and seen our stake repeatedly decimated, yet we have still kept the faith. If we don't get a reasonable update and then an 'insider's view' from Danny Forston appears in the Sunday Times, I will be extremely angry. I am sure Alan Watling is a sensible, cautious man and will try to embrace agreement from all parties, but what kicked this off. Everything was hunky dory, the funds were available for draw down and we should have been okay until mid-2015. I find it difficult to believe that FT / AMI were stupid enough to upset their bank-rolling partner SSIG....Why would you do that ??....much better as a team than a disparate band of individual egos. Something triggered the 'stop' from Shandong and we need to know. I cannot afford to lose my investment here and I invested because this was a potential mining giant bringing wealth and prosperity to a former British colony.Investor Relations - I hope you are reading these BB's and passing on our comments to the Board........................
SMDR one4all
21 Nov 2014
Re: this aint over SONA deal can still be done by ophir after they take over SMDR, then OPHIR would be the biggest winners here. I await SONA offer for the whole SONA offer at 125p will come IMHO
With regards to my previous message concerning the \\\\\rns dated 12.6.2012 I believe CRND upgrade the resourse gold to inferred gold a dfference of $5.40 per oz or on 30m oz about $162M to be added on to the price
SRP gamesinvestor
21 Nov 2014
Hadn't read thsi before previous post The outlookSerco is facing a very difficult couple of years. trying to do too much, it has been lumbered with lots of contracts that are losing money. This problem is so large that the company is taking a £1.5bn hit that will smash its balance sheet to bits: shareholders’ funds were just £1.2bn beforehand. Debt is also going up and will probably average over £800m this year. In a nutshell, its financial position is unsustainable. So it is going to have to raise lots of cash to get back on a stable footing. It will do this by selling off businesses it no longer wants and by asking shareholders for £550m in a rights issue early next year. Rights issues have a tendency to frighten investors. With Serco this looks to be justified. Any rights issue will probably have to offer shareholders new shares at a big discount to the prevailing share price, to get them to sign up.But getting back to a sound financial position is only the beginning of the process. What’s of more concern to shareholders is that the company’s profits could continue falling for some time to come. In 2013, trading profits were £285m. This year they are likely to be £140m, at best, before falling further to £100m in 2015. Soames reckons that things could still get worse than this. He reckons that revenues could bottom out as low as £3bn in 2016, with profit margins of possibly 2%, suggesting trading profits of just £60m.The trouble with Serco – and a lot of outsourcing companies – is that it is very difficult for outside investors to work out what kind of sustainable profits it can make. The problem is that it’s just not as easy for these types of company to make money as it used to be. Competition has increased and is putting pressure on profit margins. Governments have also wised up and are now a lot smarter at getting value for money for the taxpayer. A lot of risks – such as cost increases – have been passed back to the contractor.Soames has tried to offer some hope for better times in the future. Serco is going to concentrate on things it is good at, such as defence, justice and immigration, transport, citizen services and health care. It reckons that these areas can offer rates of sales growth of 5%-7% a year with profit margins of 5%-6%. If this is achievable, then perhaps Serco could be making £180m-£200m of trading profits in five years’ time. However, at the moment, Serco has an enterprise value (the market value of its shares plus average net debt) of just under £2bn, which implies the kind of sustainable profits it hopes to make are a given. That is a brave assumption to make. With a big rights issue yet to come, Serco’s shares are still trading at far too high a price to make them worth a bet.Verdict: avoid
INTQ Chip_Scashtin
21 Nov 2014
Up she rises... Likes a bit of volatile this one! I think our tree just got shook. (hanging on eyes tight shut)
Independent person report 12.6.2012 date 12.6.2014 gold price $1600 value of CRND low $147m mean $201m high $255 total for 36 million oz any comments
WIN Tenobas
21 Nov 2014
Re: WIN Chart Breakout. Very Bullish I guess the important question is
o WIN's contracts charge separately for fuel. If by the charging formula the customers effectively pay for the fuel then WIN benefits not at all.The accounts suggest that the price of fuel is not hedged and this weakly suggests that fuel is charged separately."Effective portion of changes in fair value of cash flow hedges (0.2) (0.7)"
GHT Roundish
21 Nov 2014
Contract extension On the face of it this sounds minor but I read this as very positive since:- a) CTC has been licensed per project hence each new project seems to attract additional feesb) the customer wouldn't be buying it again unless they were satisfied that it worked well on in the first two instances which in turn sends a very positive message to potential customers of Gresham, i.e. it works.There is no mention of numbers again but given this is an RNS, it indicates that this moves the needle commercially or financially or both (hopefully in more than just marketing terms) albeit the financial impact seems to be deferred into 2015.A good news day!
AVP Jimothy
21 Nov 2014
Re: Highs I did mail III a few months back about the issue....go tthis response:I apologise that this appears as a sell. However the system itself is automatic and does not know if it is actually a buy or a sell. It goes by what the bid and ask price at the time is and what the trade price was. However I raised it with our IT department to query if this can be resolved.
SHG Rogen83
21 Nov 2014
Re: Gold price going Higher $1205 oz last price
MWA Rogen83
21 Nov 2014
Gold $1207 oz on the move
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