Why are we again at 10.5p bid?

It doesn't add up...

Good Results + Strong buying pre results + Christmas online buying soon = Price drop

Then again some companies that have debt for equity hanging in the balance, poor results and bankruptcy around the corner and they go up!

Why sell now at a loss?

Wont that be a kick in the teeth when we see 13.5p 14p again!

Best of luck all.

Interesting. I thought that there was an element of shorting on this share for a while. I also question whether EOP is having the same problems. But the spread would seem to make it difficult for me. Interested in opinions.

Fred

Without doubt there is shorting on this share (and all shares to some degree).

Personal opinion is a risk reward question. IMO the downside is very limited unless the litigation is successful (which in my opinion is highly unlikely) whereas the upside is a lot higher.

Fundamentally, the valuation is very undemanding, the Aussie fuel card business is worth about 16p per share on its own (and is still growing although at a single digit % rate). The CNP business is currently producing little contribution to overall profit but is signing up customers at an exceptional rate. These new customers business will start to flow through to revenue and most of this will go straight to the bottom line. There is still room for a huge amount of growth in this area at very high margins.

I would expect that the price is likely to drift a little bit until the next update on the litigation though would expect it to rise back up to at least 20p if and when the patent infringement is dropped. After that, I would expect that any future growth in share prices will be linked to the success of the growth in the CNP area. The only danger is how long the patent infringement will remain unresolved.

Personally, I wouldnt want to be short the day the patent infringement is dropped - could be some burning fingers.

All IMHO and DYOR - im still holding for the longer term growth.

mourning all :o(

Dougie,Don't you need another holiday.

Yup but I need some money to pay for it!!

You can borrow my hat at 10% of the takings. Also got an old Banjo at another 10%.

Patience RTD will come good Vgood

Fred.... ;o/

:o( )o: ..............!

Phew.... made it! didn't expect to get through that day green!!

x finger for tamorrrer

Douggie you should stop smoking. You know what happened to Pinocchio after he turned green.

It will be a blue sky to-morrow.

Fred no...what did happen to Pinocchio after he turned green? (am I goin to wish I hadn't asked)

looking up and foreward for that blue sky

cheers chum

From my memory of The Walt disney film 60 years ago he developed a long nose and big ears and Jimmy Cricket wasn't happy. But it is just a fading memory!

I thought the long nose was the result of telling lies,(I don't remember him being smoked) Big ears was Noddys friend,and being not happy was a trade mark of the Irish comic....'and there's more' ............ but I'm too tired now!

enjoy tomorrow

As I said fading memories. Perhaps I was smoking.

morning keep up the banter anyway.

looks like another sell off taking place.

it hurts !!!!!!!!!

If this continues I think that we really will be hearing renewed rumours of an MBO. The share price really does not factor in the good news, even taking account of the threatened patent litigation.

sorry for being a dim wit.
i suppose mbo is management buy out.
how would that affect the regular shareholder? do you get given a price that you have to accept?

MBO was mooted in the press a few months ago (when the price was about 20p) -"directors dissatisfied" etc etc. I am not suggesting that shareholders will be particularly happy about this, even if the mbo price offers a reasonable premium on today's price as the majority probably bought at 20p+.

i would be happy to get my 20p back and get out of this