Hi Guys back of Holiday but not yet really settled down. Needed the break as I havent had a holiday in 5 years. Just been resting up at home.

Back to the stocks. Well lets face it last week was a stinker, simple as that. Interest rates hike hanging over the market and the tiddlers getting hurt most as all of the extra cost will fall to the bottom line. Lets hope for a better week.

Update on stocks.

I D DATA- hoping for this one to carry on from Friday and start to rise again. About 4 weeks to results so we may get a good run plus a contract win is get to be confirmed.

INCITE HOLDINGS - strange happenings at this company last week but apparantley big orders were being filled for institutional players, in fact a pal of mine on another site who is a big holder was contacted to see if he wanted to sell any of his holding and he gave them a quick no chance answer.

BEMA GOLD - fell back by about 10 points last week on averageish results. Fact of the matter is that a Miner should be judged on NAV and not earnings, due to physical nature of the business.

JUST CAR CLINICS - TA uptrend in place and company released two very interesting pieces of news on its web site that should see further support.

CENTURION ELECTRONICS - gave back a bit of ground last week but uptrend trully in place.

HCEG - another that gave ground back last week but there was some good news later in the week refering to warrants. Seems holders on a certain date will be awarded a warrant for every XXX share held . Ask me in the morning.

PIPEX - changed name last week had an up and down week but I added yet again. Great growth potential here.

NEW RECOMMENDATION

Going to go in for SCI ENTERTAINMENT SEG in the morning. Saturday paper confirmed that trading was well in front of budget and this backed up what Evil Knievil had been saying last week. EK feels that this is one of the cheapest stocks on the Whole Market, and we should get a good run up to Xmas with the new Desert Storm offering (sorry not an expert on games).
DYOR and if you buy watch the spread in the first hour or so, the MMS read the newspapers just like us, dont get sucked in. Remember you are responsible for your own buy and sell actions, we dont want any whimps complaining if they lose money. Only use money that you camn afford to lose and remember this is investing. If you want a quick fix, I suggest you go down to your local bookies , casino or boozer and play on the one armed bandit. We are all adults.

gf.

ps, sorry forgot Service Power Tech - special update on that sometime monday.

Thirdeye put a sock in it your again trying to start trouble.

you were instigator this morning, i hope admin kick you off.

gf as already got squelch on you. stop stupidity.

No I want to debate JCR....Bullshare's post has been noted....Is the board allowing negative comments about shares, no use whinging because someone doesn't have a bullish view.




JCR is mentioned in this thread.


I don't think the debt hasn't been highlighted enough in the postive promotion of this stock.


How will the nice weather affect JCR's business?

What is thought of the options @ 1p, which it appears were granted when the share price was much higher?


Can they meet the debt payments?



Will interest rates affect the business?

Thirdeye,

Your posts are extremely infuriating. You obviously have a strong opinion, then please state it rather than continually phrasing it as a question. If all you are going to post is open ended questions which you obviously think you know the answer to then don't bother posting at all!!!

I'll debate in which manner I prefer thanks. free speech? Squelch if you don't want to hear it.

ThirdEye,
how is the interest rate going to affect JCR in the long term?

If it goes up payments are sheduled to 2008 I understand, so unless fixed, this means more borrowings to pay back, the gearing is already in the 100's of percent. So depends on the trend, if they go down again all well & good, but still heavy debt to repay & meet, the business has to remain strong in my view to avoid no hiccups.

Thirdeye reported to admin once again, this is obviously a personal vendetta, and Im sure he has broken the board rules as I feel I am being attacked and the board is being disrupted.

cheers GF.

No board rules are broken, since Bullshare's post. You are trying to censor free speech.

It may be irritating for you to read a post with negative views about a share, but we live in a democratic society that encourages free speech.

A post I wrote on 2nd April when JCR was being written about in a bullish manner.

First of all if you hold JCR this is a constructive post, which I hope may give you a better understanding, after recent claims of 26p Nav or Huge discount to NAV.


I am getting a little worried some investors don't fully understand the position of this company, although I am sure many do and are happy to take a punt.



I have only looked superficially so I may be corrected, but as I see it, the NAV can be broadly calculated as follows:


c ?670,000 shareholders funds (c?700,000 cash)

?3.05m assets bought by the aquisition of JCR.

Now ?2m is going to be paid premium, and ?3.05 million cash which meets tangable NAV.


So we have:

Tangible assets of circa ?3m


But then we have borrowings of ?2.3m

(?3m for the acquisition - ?700,000 cash already in the balance sheet)

So I would say NAV is currently around ?0.7m....but wait...





Now then, JCR have been clever as they are funding the other ?2m aquisition cost out of profits (hopefully) on a scheduled basis.



For people like me who like to view a balance sheet in a conservative manner, if I add the ?2m to the cost straight away, we have negative net asset value of circa ?1.3m.



This may drive home to the few that don't fully understand (not trying to be patronising here) the real picture.



This may all work out, but I have turned round a company with very high gearing, so I do have a little knowledge about what high gearing means.

We then have borrowings I suspect a little more than mentioned above, as they may need some working capital, which will attract arrangement fees & interest charges.

Also they have acknowleged that European legislation is getting tighter for bodywork.
this is likely to cost money, if they are expanding, this will cost money too.


Now many are assuming ?1m profits,(high in my opinion) well that would put them in my mind on Negative NAV of 0.3m (see above) after the financial y/e.


Only after two years of profits will they get positive NAV in my book.


So all this p/e of 1 or 2 is nonsense to me, you must look at the whole picture....the real p/e after deducting sheduled payments & interest will be nothing like what some of you think it is.


They couldn't pay for the acquisition in one go, as that would have rendered them with Negative shareholders funds as I would have thought they wouldn't be entitled to a quote on AIM, so they have simply "moved the goalposts" to enable it all to be acceptable, to the LSE, and Banks.


This company is walking a tightrope, all companies with high gearing do so...they must meet their targets & hope interest rates stay firm or go down & not rise.


I am not suggesting they won't acheive their objectives & I'm not suggesting shareholders will not make money, just trying to get a more balanced picture accross after claims of 26p NAV.



Good luck to all holders.



(All the above my opinion & may not be 100% free of error)

All; We like free speech on here. However we do provide a squelch facility if someone is getting on your nerves, or simply ignoring them tends to deflate an arguement.

There will always be pro's and con's for all shares and people will go long and short accordingly.

Not taking any sides but since some of this is getting personal should it not be done offline. I am happy to be a go between via email: mike@moneyam.com.

Mike

For some reason my pound sign is appearing as a ?, depite editing, so please substitute ? for pound sterling in the above post.

Thirdeye must have broken rules, laid down - contributors must

not, be likely to harass, upset' embarass, alarm or annoy any

other person.

also, be likely to disrupt our sevice in any way.

Thirdeye do both, look at personal arttack where he says

will roofer/ slater from huddersfield have freinds in city.

that is ignorant and offensive, and he disrupt this boars every

time he is here. please kick him off.

sinutab

I have noted Bullshares post & complied to rules. You may not like negative views but negative versus positive equals balanced.

Thats correct sinutab he has breached that rule and I did feel upset and embarassed by those remarks. Is it an offence to be a builder, perhaps I arent as well off as him but I have dignity.

cheers GF.

Third eye, Please start your own thread so that anyone who wishes to listen can go direct without the rest of us having to sift through the posts.
Regards. Graeme.

Sorry Graeme I have spoken to Mike, I am free to talk about shares & that's what I'll stick to, & only ones's mentioned in this thread, so you can get a positive or negative angle as you wish.

If you don't wish to read what I have to say, just squelch me please.


Check the last post on JCR I think that is constructive & reasoned.

I think we should have a democratic vote on thirdeye as he is into free speech -blah blah blah-----

My vote is -- he is out. if he wants start his own thread and then see how many followers he can muster!!!!

Squelch me Zarif that is your answer. I don't want followers, just the chance to express my view.....sorry you seem opposed to it.


Can you debate JCR with me, or is it now me, the subject of attacks?

Sinutab

I think if you look at both sides there is room for improvement. As well as your example above you have a look at GF's post 155 which seems to accuse Hopping of being sexually inadequate. This was exceptionally poor considering Hopping didnt seem to be spoiling for a fight. You yourself seemed to fan the flames on post 156, so it might be best if you calmed down a little too.

With regard to the topic, and getting back to the reason for this board, I am absolutely amazed that Incite dropped today considering Laurence Dallaglios association with the company. I would have thought they would be ramming him down our throats today.

Centurian was a great little buy for me in September and I made a few quid and got out in profit. Didnt get the tip from here btw.

JCR burned my fingers a little as I bought in the 30s and was saved by a stop loss. Wouldnt want it now though.

Finally & once again, stop arguing like kids, make your arguments and accept others views like adults (unless some of you are trading your pocket money). It does neither you nor the board the justice it deserves.

markp,

again on the INC front. very confused about the drop considering the rugby result.