I bought shares in this company at 4.5p in September 2003. I see they are rising. Can anyone tell me please the growth potential for this company as they have just been awarded several new contracts ?

short term = sleeper !!! until 12p downward appear ,we can not call it a trend change. To me, price still stay in a channel.

Thanks for the humourous post BANKONE! Enjoyed that!

I dont agree MOMENTUM that uptrend is over. This is a small growth stock, with increasing sales, a hugely increased marketing budget and an increased sales force. These fundamentals have yet to be reflected in a set of audited figures for the company. When they are, price action could be swift, and large gains could be missed by those "jobbers" trying to time the market. I would not like to be short on this one. If you're unsure, HOLD some, TRADE some would be my strategy.

It would be very short termist to assume any negative bias at this stage. I suspect if price drifted anywhere below 12pence, there would be a large buying response pushing the price back up. Mention 10 or 11pence to me, and I would certainly be filling my boots & I suspect you would too.

CBOT January Volume Up 44.9 Percent From 2003

Immediate Release

CBOT JANUARY VOLUME UP 44.9 PERCENT FROM 2003; EXCHANGE SETS OPEN INTEREST RECORD

CHICAGO, February 2, 2004--The Chicago Board of Trade (CBOT) today announced strong trading volume in January, with overall exchange volume increasing 44.9 percent over January 2003 levels to 41,188,529 contracts traded. In addition, volume increased 16.7 percent from December 2003.
The CBOT set several records in the month of January. A daily exchange open interest record was set on January 30, 2004 at 9,660,028 contracts traded, breaking the record of 9,543,591 contracts set the previous day. In addition, Ten-Year Treasury Note options set a daily volume record on January 9, at 435,107 contracts.

Total exchange month-end open interest was 9,660,028, up 44.0 percent from January 2003 and up 33.0 percent from December 2003.

Chairman Charles P. Carey said, "In the first month of 2004, the CBOT saw tremendous results from the implementation of the Common Clearing Link and the migration to a new electronic trading platform. Already, the exchange has had two top-ten volume days on the new electronic trading platform. Our overall impressive volume statistics, as well as the exchange's all-time open interest record set in January, clearly demonstrate that CBOT customers value the exchange's transparent, liquid markets and superior clearing system and technology."

Agricultural Futures and Options
Wheat futures were up 50.0 percent from January 2003, trading 656,879 contracts and were up 38.3 percent from December 2003. Corn futures were up 68.3 percent form January 2003 and up 36.6 percent from December 2003 at 2,025,714 contracts traded. The CBOT Soybean contract was up 19.1 percent from December 2003 at 1,509,700 contracts.

The CBOT posted daily open interest records in the following agricultural products (open auction): Soybean Meal futures set a daily open interest record on January 23, 2004 of 191,709; Soybean Oil futures set a daily open interest record on January 27, 2004 at 204,404; and Corn futures set a daily open interest record on January 30, 2004 at 630,622 contracts.

Financial Futures and Options Volume
Underpinning the CBOT's gains for the month was the solid performance of its financial futures and options complex, with January trading volume for the entire financial product line at 32,622,798, up 45.3 percent from January 2003, and up 16.9 percent from last month.

Additionally, Ten-Year Treasury Note futures were up 49.2 percent from January 2003 and up 24.7 percent from December 2003 at 13,608,450; Five-Year Treasury Note futures were up 32.0 percent from January 2003 at 5,856,914; and Two-Year Treasury Note futures were up 111.4 percent from January 2003 at 310,401 contracts.

Equity Complex Volume Increases in January
CBOT?s DJIASM Index complex trade was up 68.3 percent from January 2003 and up 27.2 percent from December 2003 at 1,665,597 contracts. CBOT DJIA futures contracts traded 224,713 contracts for January 2003, with mini ($5) Dow JonesSM Industrial Index futures up 164.0 percent from January 2003 and up 40.2 percent from December 2003 at 1,389,063 contracts. In addition, Dow Jones Industrial AverageSM options increased 384.4 percent from January 2003 at 51,821 contracts.

Other CBOT January Highlights
o The CBOT's electronic trading system volume reached 22,635,012 contracts, up 57.9 percent from January 2003.

o In January, 657,529 futures and options orders were electronically sent directly to floor brokers using Electronic Clerks, special order receipt devices.

o The most recent sales of CBOT seats were as follows: CBOT Full Membership at $450,000 on January 30, 2004; CBOT Associate Membership at $190,000 on January 26, 2004; CBOT Commodity Options membership at $45,500 on January 30, 2004; and CBOT IDEM membership at $20,000 on January 30, 2004.

More statistical information on CBOT January 2004 volume is available on the CBOT website.

Contact:
Nicole L. Rallings
312-341-3378
news@cbot.com

Tested 12p today. imo will break 12p next week and onto 10p. Will the buyers come flocking in i doubt it speculators that ramped the price have long gone as will i early next week. Will come back when/ if there is any news.

bye bye

Good luck momentum. The fundamentals here are sound. I feel no pressure whatsoever to sell this stock.

Impatience causes corrosion of your wealth. The temptation to follow the next big tip is always tempting. I've done it in the past & failed. U spread yourself so thin that you never win.

And as sure as you sell your holding, an RNS will come along a few days later and the price will rocket! MAybe?!

Good luck anyway mate. I've enjoyed your posts. I'm hanging on.

Im sure your right, but short term unless there is significant news to attract fresh buying the price will continue to drift lower on lack of buying interest and the lower it goes the more sells come in.Downward spiral until it is reversed (RNS) And 12p to 10p is a significant % drop. If im right i will buy in sub 10p without any RNS.

Wishing u well with your holdings

stephen

cheers stephen!

Finally director buying 1000 shares at 14.25p is hardly a vote of confidence ( taking the p***).He shouldnt have bothered. Only thing he acheived is to create a negative impact on the SP

Totally agree on that one! That was takin the p***!

But at the same time the existing Directors haven't exactly been heading for the exits. They had ample opportunity up at the dizzy heights of 18p, but they didn't sell.

They know the contracts currently under negotiation better than I do & I am assuming they haven't gone out & drunk that 2.5million recently raised. Remember that fundraising was over-subscribed at 10pence.

I think patience will be rewarded on this one. Shares Mags estimates were for profits in the 5-10million bracket in 3-5years. If that is even 25% accurate, then CWV is a STRONG BUY.

The sideways movement at the moment is very frustrating but this is the way I currently look at it:

I am a winner whichever way this goes short term. I mean if it drifts lower and lower I will fill my boots and if it goes higher and higher I am happy because I already own enough. I can't believe it will be long before new contracts are announced, hopefully a TDI if we are fortunate. Patience will be rewarded I am pretty sure of that.

Long term 200 day moving average is catching up with recent positive price action.

Current consolidation period gives longer term investors a chance to stake build at reasonable prices. The share price will rally expectantly ahead of results in March, where positive news may increase that momentum.

Boring for now, but ultimately no TDI contracts have been announced yet since the fundraising. The Company itself said these bigger ticket items would have a large impact on bottom line. If they come through price action will be swift.

For now I think we are fairly valued. This view obviously improves on contract announcements.

Looks like the MM. are after our shares again.......they keep paying more and more but dont appear to be selling. They must be filling big order or know something we dont.Graeme.

An excert from last report to July 03.

"Outlook
For the remainder of the year, the Company is looking to exploit its successes with TDI and negotiations continue with other exchanges who are potential users. Sales of TDI are large ticket items and consequently have a significant impact on the Companys income and financial performance. The timing of such new sales will therefore have an impact on the end of year results. The Company is seeking also to achieve increased income in the traditional quote vendor market sector via its wholesale DDF product and the new end user ProphetX product, marketed by CMS in the UK as a result of its exclusive agreement with DTN.
These interim results represent a very encouraging trend in the Companys performance achieved in difficult market conditions."

Not only have "difficult market conditions" improved considerably, CMS has delivered new contract wins for various products since July.

It is unclear as to exactly how much this will increase turnover, but an increased sales/marketing team in the USA, since the fundraising will help.

I still believe this will be a good stock to hold in 2004, as its story unfolds.

Just a quick one, results due in march?

Hi all

Momentum, yes I believe the results are out in March. I would not expect significant improvements in them though. Whilst there was positive news in the interims, exceeding 2002 6months, there have been no tdi's announced to December so I doubt they have made much in addition to that. However they have increased there Prophet clients but again this was to late to have an impact on the accounts for 2003. I dont think anyone should get to geared up for anything startling in the full year therefore - the proof will be in the announcements of new tdi's - typically 500,000 a go - this will be what moves the price, not the accounts>

IMO

Evenin all.

March results to end December, will only show figures to then. New clients were added in that period though, so it will be instructive to see revenues generated.

But a trading outlook, and general sense of where the company is at, is always useful and this will be written in March by the Directors. This could indicate trading post close date of 31Dec.

Any positive surprises showing trend growth in turnover or profitability would be helpful. It would also give an outlook on growth possibilities given the 2.5 million war chest sitting in the bank.

Sniffed out some analysis.

http://stocks.onvista.co.uk/figures_fundamental.html?ID_OSI=190240

Bloodhound.