OmniChart

ESTL luckbyjudgement 21 Nov 2014

Re: Rights Issue Details Nov 14 IMO it remains a speculative bet. Mgmt track record of prioritising is poor, they really overextended the company and have been punished. The new strategy could work but its a punt. I'll probably take up my rights however despite all that.Dyor

MXO JD 21 Nov 2014

Stuartb - agreed....steady rises...unless a spike to 10p

RMM KarlMar5 21 Nov 2014

Re: can anyone give me a good reason With that in mind why don't we all sell 1% of our holdings on a given day/time and see if it works.Regards KM

SER SalopTractor 21 Nov 2014

good RNS imo

MWA Baron83 21 Nov 2014

Re: smelter impairment reversal Indeed, if looking at the P/E, it's a farce. Nice update today.Just need that Blackrock RNS now ;0

SRP Hardboy 21 Nov 2014

Re: Free fall Games, your analysis is usually very thorough, but you've confused me slightly here. You say: You say: "The company is lossmaking and is projected to be so for some considerable time"Serco say: "Forecast for 2014 Adjusted Operating Profit reduced by approximately £20m to £130-140m (before the impact of the Contract & Balance Sheet Reviews); outlook for 2015 reduced."An operating profit of £130-140m is not loss making.

MWA Vincentinvestor1 21 Nov 2014

smelter impairment reversal 65% write-back of the BNC impairment last year, smelter could add 35% write back off of the bnc impairment of two years agian. Self-evidently, there will be no effect on either the valuation or underlying EPS in FY15 as a result of any impairment reversal although, on the basis of the reported measure of EPS, Mwana will be trading on a current year P/E multiple of around one!I expect Edison to release an adjusted valuation of MWA shortly imo

SRP Hardboy 21 Nov 2014

Re: Free fall Games:"It's image is so tarnished"Well they've not killed prisoners on transport nor taken on contracts then said sorry we can't staff it like G4S, and they are still going strong.

THT oldjoe1 21 Nov 2014

Re: THT FOR ANOTHER STRONG XMAS....... 21 Nov 2014 Thorntons PLC THT Investec Buy 121.38 121.50 175.00 168.00 Reiterates

MXO Stuartyboy999 21 Nov 2014

MXO Just nice steady rises now until news breaks.. No spikes please! Probably one of safest on AIM..

STG guru310 21 Nov 2014

Re: 1p today We have potential gold of about 500k ounces worth $600 million USD to us before extraction costs. The mine is in Wales and ready to go in production. That alone should be valued at around £30-40 million right now. I will revise my target upwards to 4-6p minimum in the very short term.

SRP Hardboy 21 Nov 2014

Re: Free fall Hard to tell.As we all know short term price movements are driven by emotion, not rationale. And Serco is currently completely unloved and the prognosis for the next 1-2 years is not great.However, I think a longer term view is encouraging. Everybody left in the company knows they have to be cleaner than clean in running their contracts and financial reporting. They still have an amazing visibility of future income (an order book worth around 3 year's turnover) they are still profitable; and they have a CEO with a great track record at Aggreko (which does not necessarily mean success here of course.) They also have a clear focus on the forward strategy.Their latest release predicted profits this year (after financial corrections) of £130-140m. That's an EPS of around 20p, which puts the current share price at a PE of under 9, which is cheap for a profitable company.We know there will be a rights issue, and it could be the price is already moving down in anticipation of how dilutive this will be. I am beginning to think it may be even more severe than I previously predicted - similar to the Lloyds one a few years ago - maybe 5 to 1 at 20p. I don't think Soames would have released the update if he believed there were any more significant skeletons in the cupboard, so I would be surprised if we get any further major bad news in the near future. The outlook for 2015 will be the key to things I think. I'd be amazed (unless there is further bad news, or we get a really bad prediction for 2015) if the price dropped as low as 120, and my guess would be it will begin to stabilise somewhere just above 150, but you never know. There's certainly a lot of short term trading going on right now.

TLPR Spain Fund 21 Nov 2014

Placing to part fund PVM deal Tullett Prebon announces placing to part fund PVM dealDate: Friday 21 Nov 2014LONDON (ShareCast) - Tullett Prebon, the FTSE 250-listed inter-dealer broker, is set to raise over £32m from a placing to help fund the acquisition of PVM Oil Associates.The announcement of the placing, which was set at a steep discount to its share price the previous day, saw Tullett's shares fall sharply on Friday.The purchase of the broker of oil instruments was first announced in May and is expected to complete next week.Once completed, Tullett will have to pay $112m (£71.1m) through the issue of 25.8m shares, representing 11.8% of its issued share capital.The group said it would be issuing half the shares to shareholders of PVM and the other half in a placing to institutional investors.The placing is expected to be issued at a price of 248p per share, raising £32.1m which will be paid net of transaction costs to certain PVM shareholders who have elected to receive cash proceeds.The purchase of PVM should expand Tullett's activities in the energy sector and give it a "significant presence" in broking crude oil and petroleum products, according to a statement in May.The placing will take place on 26 November, at which time the PVM acquisition is expected to complete.Tullett Prebon's shares were down 4.8% at 255.2p by 087.

FLG oldjoe1 21 Nov 2014

FLG Chart Breakout, very positive FLG......Copied from Twitter.......Thanks to another tweeter yest for flagging this one up,FLG breaking out into a resistance free area. 375p then 385p sp Targets. Very little resistance. [link]

SRP gamesinvestor 21 Nov 2014

Re: Free fall Earl,I guess there is no bottom in that there is a possibility the company could go bust. It's net debt is very big and there is a need to raise capital. The company is lossmaking and is projected to be so for some considerable time. The capital will need to be further diluted to keep the show on the road. It's image is so tarnished, that it is questionable how well positioned it will be going forward with a lot of potential customers gazing at it and thinking about the consistent operational failures.I think you have to put yourself in the position of a commercial customer or a government department wanting to pay for a service and thinking, is this going to damage my commercial business or am I going to lose my job if this goes wrong.Soames is probably a very admirable chap and did well at Aggreko, but the businesses are very different. Aggreko had the market to itself almost for years and the business grew well with a fairly unique product which is now experiencing competition. Serco is one of many service providers who's success relies not on a unique product but a service with very thin profit margins, a reputation of good deliver which has been ruined, and with no real moat or barrier to enter for the business.I would sell, take what ever money you can get out of it and put it into something with a really strong franchise.Games -- well that's my 2 penneth worth anyhoo!!