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 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.

markp
I note your remarks and thank you.
I was about to reply to that post of GF's in a similar vein but decided to count to ten.
Perhaps when he has calmed down he may apologise, who knows.
Thanks.
Hopping

Good stuff, Forgive and Forget is a good line to live by. I think third eye is calm and collected - and personally I think we should just talk about shares - different points of view always welcomed. No need to post about one stock in 2 different places simply because people have opposing views. People maybe breached rules at some stage, agreed but Forgive and forget is a good line as I mentioned earlier.

Goldfinger, Hopping and Third Eye - let's all have fun and hope the market passes 4,400 by xmas.
Best Regards.

Skids ~ lets hope they're waiting for the victory parade to do some positive marketing. Might make sense to do so when the euphoria starts again over the next few days. Fingers crossed.

Hopping ~ 'It takes a man to suffer ignorance and smile'. Stings words, not mine, but very appropriate in your case. Well done.

Soulretro ~ excellent post. Lets hope for peace and tranquility. Fingers crossed (again).

Best of luck with your trading tomorrow everyone.

Mark.

Bravo Souletro.
Thats how we should live and let live in harmony.
TRades please.......

I have to support Thirdeye - People working hard extolling the vitues of small cap companies on multiple BBs should be prepared to accept postings pointing out the negatives. If they can't they shouldn't be allowed to post themselves - especially when commenting on tiny companies who's share price can be so easily influenced by such postings, as can the investment decisions of those new to BBs and the stock market. I speak as someone who knows 5 people, novice investors, who two years ago were suckered into trading on margin on a speculative BB share - They lost 200K each (on average). Personally I wouldn't touch most of the shares mentioned in this thread - If I want to gamble I go to Betfair and pick horses and soccer teams.

Right guys let s get this stupid attack from thirdeye out of the way once and for all. I finally took the squelch off just to see what lies he was banding about, and yes they were. I gave him all the information he asked on this company on the 18 th of this month and here it is,( without a return of reply from him as he couldnt get round the fact I had proved him wrong) and by the way this must be about the fifth time, but the man his his hell bent on a character assination, one which the mangement of the site have apparently
fallen for and one he will use on some other on here if you beg to disagree.

here it is.............

18 Nov'03 - 00:25 - 52 of 80 edit


Here we are Guys this financial year 03/04 no problem, outsider way off the mark as usual...................

The consideration will be paid in cash on Completion except for the
Additional Consideration, which will be paid in quarterly instalments (with
the exception of the final payment) according to the following schedule, or
in full in the event of a takeover of BikeNet, a sale of 75 per cent or more
of the Business and/ or a sale of 75 per cent or more of the issued share
capital of Just:

2003 nil

2004 175,000

2005 375,000

2006 375,000

2007 575,000

2008 500,000 (payable in full on 1 January 2008)

From the last results..................

This
year's exceptionally dry spring and summer has further reduced repair volumes
across the sector but, notwithstanding this, turnover increased by 7.8% when
compared to the corresponding previous period (as a division of Dixon), and
gross margins increased from 42.3% to 42.6%.

In addition, operating cash flow was strong at 1.5 million for the nine month
period, and working capital was tightly controlled. Accordingly, the Group had
surplus cash and unutilised banking facilities in excess of 2.5 million at 30
June 2003, which was considerably ahead of plan.

And now an extract of the accounts re- interest payments/effect on profits, just to put his mind at rest...........


6 months to
30.06.2003

Total operating profit / (loss) 356,489
Net interest (paid) / received (140,669)
Profit / (loss) on ordinary activities before 215,820
tax.

And dont forget guys these accounts are for the quiet half of the business year so accordingly the interest to /operating profit ratio, will certainly fall as the greater revenues and increased gross profit roll in during the second far more busier half of the year. I also note that the ceo is delighted that improved efficiency/cost measures will in fact increase the net profit attainable. NB, these are unaudited accounts.ENDS I will also add that I never use the the practice of averaging down, some do but I feel its a policy were some people use it as a get out clause because they cant accept the fact that their judgement has been wrong.

Now onto the other troublemaker, hopping. I had kept this as I was hoping in fact for him to report me to the FSA and saw a nice pay day coming, but as I thought the little man doesnt have the guts to report me and indeed asks for an appology lol. Now heres the reason why we saw the big fall in shareprice for JCR and note not one big sell has assumed by hopping. The Report is from the tip sheet trendwatch and the piece can be viwed on page 12.


http://www.trend-watch.co.uk/cms/uploaded_files/pdf/sample.pdf

the piece reads, Share sales this fortnight.

It hasnt happened since the depths of the bear market - but it happened to Just Car clinics.. We got shaken out of the share in the forenight after we recommended it.

We did say it was a speculative recommendation, but what we didnt aticipate was the huge volatility. its interim results were highly satisfactory, but the shares were viciously marked down by dealers to pre- empt profit taking.
he loss of 36.5p looks rather worse than it should have been. On the day bought the share rose 12%. Without that rise , our loss would have been more like 285., bad enough.

Our record over the past few months as been outstanding.ENDS


I hope know that posters read the above in light of what has been put forward on this thread today and can see the two posters for what they really are, Trouble Makers and nothing else.

I will now completly ignore the both of them and I suggest others do the same.

cheers GF.