Screen shares started to head north fast again on friday by 21% and alot of buyers out that day. I've done some own research but can't seem to find any news since interims accounts on 23/9 that might indicate why the share price goes up like a rocket.

Could this be just that the company is now back in profit as analysts predictions begin to hold true.

Probably the usual case with SEN - that company leaks news like a sieve. May be something in it, or yet another false dawn. Past history is that every time they get anywhere near profitability, they spend their money on acquisitions. Cynical, moi?

Screen share price up 33.3% with the following announcement:-

Screen appoints Christopher Langridge as finance director
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LONDON (AFX) - Screen PLC said it appointed Christopher Langridge as Finance Director.

Langridge was group finance director of Mayflower Aerospace Ltd in 2001-2003.

newsdesk@afxnews.com

lam

Must be good news to the city.

This share has shown no retail shareholder interest for 12 months (That's us punters writing here)- just shows how a Co. can go out of fashion. The recent placing of shares at 1p creates such dire dilution that only "new" investors will show any pretence of profit, should there be a massive change in Management and sales. It is looking like they don't have a product that the Market wants and /or can't shift em either.
Companies that stick with a product through thick and thin usually have it wrong - much beter to have a few regular selling items (spreading the risk in different markets)...and then test the market with the revolutionary new kit.....but this compay used to trade at much higher prices - so the SP says it all. Management get real, turn off the lights as you leave.
I have only a handful of these shares having sold (at a loss what else?), at about 8p some while ago. I note that the posting above re C.Langridge says he came from Mayflower Aerospace - is this the Mayflower that fell from grace or a wholly unconnected business? - probably doesn't matter as SEN is a pretty dire business on its own.
Regards

One of the problems this Co had was stock liquidity. With so few shares in issue larger traders couldn't get the stock even if they wanted to. If they did and at some point wanted out, trying to get rid of large volumes would be difficult. The number of shares in issue will leap from 60m to 600m making it a much more viable proposition. To date it has only atracted small private investors.

The basic products seem to be sound with JL doing particularly well.

If you think they can get the balance sheet looking more respectable then this is a strong buy. In any event It may creep back up to 3p giving a good profit

I never understand the City - if a share is languishing at a very low price they say we must consolidate....if it is languishing at a middling price they want to do the opposite - yet, IMHO there is a common reason for BOTH situations. There is no good sharenews and few prospects of growth. The sp (on fundamental) is a function of the PE and no of shares in issue - If a consolidation drops the number of shares it doesn't affect the PE (since there are fewer shares to receive dividends etc).
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That the City makes money with these Share changes....perish the thought...
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Fiddling with share numbers is the last thing a Company should do - it makes NO difference to their prospects - much better a Public Roasting of the least-useful Board members and maybe a small dividend to patient shareholders.
A review of their "core operations" shows about the same desparation since that is something that would normally be No 1 item (on the Board-room agenda) whenever they meet. Publishing the minutes of a few meetings would show where the rot lay, but then "we" are always kept in the dark.....aren't we?