| Home | Log In | Register | Our Services | My Account | Contact | Help |
You are NOT currently logged in
Register now or login to post to this thread.
Dowgate Capital - Capitalising on the booming AIM market (DGT)
overgrowth
- 09 Feb 2005 20:52
|
Dowgate Capital (DGT) are sitting in the middle of a goldmine! This company through their sole trading arm City Financial Associates are looking to take full advantage of the "booming" AIM market this year. Dowgate provide NOMAD (NOMinated ADvisor) services to AIM companies and also have full Corporate Broker status which means that they can fund placements on behalf of the companies they represent. |
 Website: www.cityfin.co.uk |
|
On first sight, the fact that Dowgate exist in the often veiled financial services sector makes you think twice about investing in company such as this because it would be impossible to understand what they were doing - however, think again! DGT bring new companies to the AIM (Alternative Investment Market). For each new company "floated" on AIM, they take arrangement fees when acting as NOMAD. After the company is launched then for a nice steady earner DGT get another healthy chunk of cash every year for looking after them (note that all AIM companies must have a nominated adviser - thereby securing a ready source of recurring income). Because DGT also act as a Corporate broker they can get a very healthy percentage for arranging placement of shares with insititutions before a new company floats. In addition, because placements come outside the sphere of yearly NOMAD work, they can also gain healthy percentages of placements which companies may need to make throughout the year when they need a quick injection of cash to speed growth. Current NOMADships: 28 companies represented (gives recurring income of approx 480,000 per year) Current on-going Brokerage agreements: 19 companies (income depends on placements) For flotations, depending on the size of a company, fees charged will be anything from 50,000 to 100,000+ For placements (the real earner), DGT get anything from 3% to around 12% of the TOTAL AMOUNT RAISED - For example a new company raising 3M though a placement will earn DGT anything from 90,000 to 360,000 ! These figures are indicative as actual deals all differ due to circumstances and DGT sometimes take payment in shares - they still have a tasty chunk of Setstone shares and when this Russian exploration company comes back to AIM, predictions are that the share price will rocket. Note that the amount that this little company can earn in fees is huge and every new deal that comes through we know will contribute another healthy chunk into the bottom line. The good news with every new floatation means that it's another chunk of recurring revenue which could go on for years, with DGT having to do very little. New clients gained in 2005 are: Mediazest (NOMAD & broker) Elite Strategies (NOMAD) Process Handling (NOMAD) Poland Investment Fund (NOMAD) Nanotech Energy (NOMAD & broker) Archimedia Ventures (NOMAD & broker) Red Leopard Holdings (NOMAD) Alba Mineral Resources (NOMAD & broker) Intandem Films (NOMAD & broker) Motive Television (NOMAD) IncaGold (NOMAD) Sportswinbet (NOMAD & Broker) Infoscreen Networks (NOMAD & Broker) Mark Kingsley (NOMAD & Broker) Croatia Ventures (NOMAD & Broker) Pantheon Leisure (NOMAD) Firenze Ventures (Ofex Advisor) FlightStore Group (NOMAD & Broker) Euro Capital Projects (NOMAD) Pearl Street Holdings (NOMAD) Worldwide Natural Resources (Ofex Advisor) Dovedale Ventures (Ofex Advisor) Other 2005 work completed:Neptune-Calculus VCT offer for subs of up to 12 million Advisory work for TGM on London Bus disposal for 20.4M Advisory work for Creightons on property disposal Advisory work for Hampton Trust on company restructuring Advisory work for Interbulk Investments on acquisition of Inbulk Advisory work for Fundamental-e Investments on two disposals Advisory work for Designer Vision re: Design Rights against Centurion Electronics Click Here for fundamentals and profit projections. |
|
capper - 23 Mar 2006 17:40 - 2260 of 2787
Has everyone gone on holiday?
Is this pullback (only to be expected after a dramatic rise) a correction. To what point do you think it will bounce. It is reaching the 20 day SMA which I feel could be the point to see further positive movement.
Is this pullback (only to be expected after a dramatic rise) a correction. To what point do you think it will bounce. It is reaching the 20 day SMA which I feel could be the point to see further positive movement.
stockdog
- 23 Mar 2006 19:36
- 2261 of 2787
capper - there is a sort of line at 0.86p which was the resistance point on March 2nd's previous peak and has now been twice bounced off over the last two days.
It's break out from the last level started at 0.81 on March 4th and ended up at the recent 0.98p peak, a 0.17p rise. It has now fallen back to 0.86p support, a drop of 0.12p which is 70% of the previous rise. I believe this is one of those mystical Fibonacci ratios (should be 66.67%, II think theoretically) by which shares retrace after a good rise, which I feel in spirit but do not fully understand. So - situation normal.
Recent fallback can also be interpreted as a downward sloping flag indicative of a continuation of upward movement to 1.08 next peak (0.98 - 0.81 is height of flagpole, added to breakout point, assumed to be today's high of 0.91 until altered by future chart development). Close to my above mentioned 1.05p as next stopping place up.
If we break down below 0.86 strict rules suggest selling immedaitely and probably being able to buy back in lower down - if by then you still rate the company a buy. I admit I probably won't have the discipline to do this and will sit like a rabbit in the headlights as my eyes fill with regret.
WDIK
sd
It's break out from the last level started at 0.81 on March 4th and ended up at the recent 0.98p peak, a 0.17p rise. It has now fallen back to 0.86p support, a drop of 0.12p which is 70% of the previous rise. I believe this is one of those mystical Fibonacci ratios (should be 66.67%, II think theoretically) by which shares retrace after a good rise, which I feel in spirit but do not fully understand. So - situation normal.
Recent fallback can also be interpreted as a downward sloping flag indicative of a continuation of upward movement to 1.08 next peak (0.98 - 0.81 is height of flagpole, added to breakout point, assumed to be today's high of 0.91 until altered by future chart development). Close to my above mentioned 1.05p as next stopping place up.
If we break down below 0.86 strict rules suggest selling immedaitely and probably being able to buy back in lower down - if by then you still rate the company a buy. I admit I probably won't have the discipline to do this and will sit like a rabbit in the headlights as my eyes fill with regret.
WDIK
sd
EWRobson
- 23 Mar 2006 20:26
- 2262 of 2787
; quite likely 0.85I assume WDIK is wise dog in karma, but could be wanker despatched into kennel. Very wise expanation as usual. I prefer to combine a fundamental view with the chartist. The reason why one can discuss fibonnaci numbers is a high degree of confidence that the sp is heading for the ultimate resistance level of 1.5p. It is undervalued to a degree although the confidence needs to be proven by the next interims if not before by news of development or trading trends. The price rose on the back of considerable new buying on the results; a price in the 0.90s was seen by many as a good time to take profit but we now have a new set of investor/traders who will be holding for the next stage at least and longer term investors in for the longer haul. Suspect we are still weeding out a few profit takers on much lower volume. The question is, therefore, at what stage the new investors, including funds, will deem it advantageous to top up; probably 0.85p as sd suggests. May become clearer at AGM.
A very interesting way of looking at a share like DGT is to ponder the typical length of stay of the investor. I have got a fairly short wick and tend to find it difficult to stay static for long; if I judge that it is going to be several months before the next move, I can easily be shaken out, seduced by another opportunity with a quicker return. I can feel a level of impatience growing with my current portfolio all with excellent prospects but each awaiting something positive for the next stage of expansion (DGT, SEO, AZM, ASC, PXS). Sitting on the hands is immensely difficult. For sd, sitting on 4 paws must be twice as difficult!
Eric
A very interesting way of looking at a share like DGT is to ponder the typical length of stay of the investor. I have got a fairly short wick and tend to find it difficult to stay static for long; if I judge that it is going to be several months before the next move, I can easily be shaken out, seduced by another opportunity with a quicker return. I can feel a level of impatience growing with my current portfolio all with excellent prospects but each awaiting something positive for the next stage of expansion (DGT, SEO, AZM, ASC, PXS). Sitting on the hands is immensely difficult. For sd, sitting on 4 paws must be twice as difficult!
Eric
capper - 23 Mar 2006 20:47 - 2263 of 2787
Many thanks to you both for those informative posts. I am here to stay and so I side with the rabbit and the headlights.
stockdog
- 23 Mar 2006 21:06
- 2264 of 2787
Eric (ever rigorous in charting)
It's easier than you think with all those humans around - one of them is usually standing on two of my paws at any one moment - yowl!
Yes, still a number of impatient PI's who have realised the next leg up is not going to be hurried. Interested to see what the AGM on the 29th will do to market interest.
My mantra is to remind myself I don't want the money till I retire in quite a number of years time, so what's the rush. A confident 76% rise over the year from a share whose business I know and understand very well now is a much better bet than chasing new speculations. One thing I've discovered is that you have to buy a share to really get to know it. Then you weed out the non-performers (quickly using stop losses) and let the others bud and flower. I can't tell you how my portfolio has taken on a whole different robustness and growth since weeding out some deep losses and also thereby reducing the number of holdings to what I can deal with on a quick daily review basis and a more in depth quarterly re-balancing.
My next stage of progression is knowing when to prune at the peak and encourage the plant to re-bud lower down. I missed it on SEO at 28p last summer and more recently on FOGL's 180p peak (down now to 133p but still holding for the long-term). Whereas on DGT to sell half at .95 and put back in the same net money at 0.90 would have increased the number of shares in that part of my holding by 4.7% net of costs. That's not enough to risk being out of the market or that it would not fall enough or even to spend the time doing it when I know what 2006 trading figures and possible acquisition of broking business may mean to the PE and PEG and eventually the SP.
Yes, investing is like a garden. You plant lots of seeds and even buy some already showing above the ground, but if they don't flourish or they are not pleaasing you need to dig them up and discard them to leave more space for the others to occupy ever larger space as they grow into fine mature specimens. As you accumulate profits you buy a bigger piece of land and add more plants that way. Perhaps every few years you slash and burn everything and start again with an entirely new portfolio.
Excuse the doggerell.
sd
It's easier than you think with all those humans around - one of them is usually standing on two of my paws at any one moment - yowl!
Yes, still a number of impatient PI's who have realised the next leg up is not going to be hurried. Interested to see what the AGM on the 29th will do to market interest.
My mantra is to remind myself I don't want the money till I retire in quite a number of years time, so what's the rush. A confident 76% rise over the year from a share whose business I know and understand very well now is a much better bet than chasing new speculations. One thing I've discovered is that you have to buy a share to really get to know it. Then you weed out the non-performers (quickly using stop losses) and let the others bud and flower. I can't tell you how my portfolio has taken on a whole different robustness and growth since weeding out some deep losses and also thereby reducing the number of holdings to what I can deal with on a quick daily review basis and a more in depth quarterly re-balancing.
My next stage of progression is knowing when to prune at the peak and encourage the plant to re-bud lower down. I missed it on SEO at 28p last summer and more recently on FOGL's 180p peak (down now to 133p but still holding for the long-term). Whereas on DGT to sell half at .95 and put back in the same net money at 0.90 would have increased the number of shares in that part of my holding by 4.7% net of costs. That's not enough to risk being out of the market or that it would not fall enough or even to spend the time doing it when I know what 2006 trading figures and possible acquisition of broking business may mean to the PE and PEG and eventually the SP.
Yes, investing is like a garden. You plant lots of seeds and even buy some already showing above the ground, but if they don't flourish or they are not pleaasing you need to dig them up and discard them to leave more space for the others to occupy ever larger space as they grow into fine mature specimens. As you accumulate profits you buy a bigger piece of land and add more plants that way. Perhaps every few years you slash and burn everything and start again with an entirely new portfolio.
Excuse the doggerell.
sd
EWRobson
- 23 Mar 2006 21:57
- 2265 of 2787
Great dog-gerell from the wisest dog in town! Not sure you thought of the theory and then implemented it or are using it to justify what you do! But its close to my own approach: I went through a period of chasing everything that moved, usually got in at the wrong time and out at the wrong time! Better to get to know what you have really well and, as you say, that means having a stake. I quite like the share that has collapsed after an over-enthusiastic run up because you can win for the second time! ASC and AZM have been like that and I hope / expect SEO to be also. DGT has also had its nadir although it had never really blossomed: now it is, I don't expect any significant problems, otherwise its low risk, and any correction should not be deep. I have taken a third out but that was for cash requirement purposes and I am still over the critical million shares!
Eric
Eric
stockdog
- 24 Mar 2006 07:38
- 2266 of 2787
I dunno - spend, spend, spend.
EWRobson
- 24 Mar 2006 17:30
- 2267 of 2787
sd: you sound like my wife! Mind,she doesn't say 'spend, spend, spend' but she does so just the same. Rather, she says save, save, save - 'I've saved so much on this and so much on that, but the reality is she has spent!'. I shouldn't have said the DGT shares were hers and they had made a profit, because she had to spend the profit - oh well, all for a peaceful life!
stockdog
- 28 Mar 2006 16:49
- 2268 of 2787
Well, a faith-testing day. 3.5% drop in SP on about 30 trades covering about 4m shares (less than average volume) of which about 85% were sells - probably all PI's, smallish - one sale of 500k at 0.82p and the rest all less than 2,000.
This is the 14th day after the end of day peak of 0.95p of which 3 were no change and one was an up day - relentlessly down in tiny bites. Enough to shake anyone's resolve, unless they happened to have a clear view of fundamentals and a suspicion that MMs must be short of stock. What better way for them to acquire it than to drip away at the weaker holders with constant small price falls day after day. I've seen no RNS declaring a reduction in RIL's holding.
On TA grounds, one might expect up to a 60% (why? - someone explain to me one day) retracement of the interval from the last consolidated position of 0.61p to the peak of 0.95p which takes us back to 0.75p, coincident with the little jig in the SP where minor support was established on the way up.
Having failed to sell at my "stop loss" of 0.86, because I was both foolhardy and too scared to be out of the share for when it rises again, I shall hold. Shall I hold as it falls through 0.75p? I don't know. I probably shouldn't, but I suspect I will. I never was much good at timing buys and sells, so I'll stick to what I know - that we shall rise again when the MMs and the punters collude to make it so.
I wish it wasn't falling so far - not good for anyone's nerves, but we have the AGM tomorrow (hoping to attend) and June's interims are not so far off and nothing has been published which makes me change my mind about the underlying demonstrated profitability of this company.
How's everyone else feeling?
sd
This is the 14th day after the end of day peak of 0.95p of which 3 were no change and one was an up day - relentlessly down in tiny bites. Enough to shake anyone's resolve, unless they happened to have a clear view of fundamentals and a suspicion that MMs must be short of stock. What better way for them to acquire it than to drip away at the weaker holders with constant small price falls day after day. I've seen no RNS declaring a reduction in RIL's holding.
On TA grounds, one might expect up to a 60% (why? - someone explain to me one day) retracement of the interval from the last consolidated position of 0.61p to the peak of 0.95p which takes us back to 0.75p, coincident with the little jig in the SP where minor support was established on the way up.
Having failed to sell at my "stop loss" of 0.86, because I was both foolhardy and too scared to be out of the share for when it rises again, I shall hold. Shall I hold as it falls through 0.75p? I don't know. I probably shouldn't, but I suspect I will. I never was much good at timing buys and sells, so I'll stick to what I know - that we shall rise again when the MMs and the punters collude to make it so.
I wish it wasn't falling so far - not good for anyone's nerves, but we have the AGM tomorrow (hoping to attend) and June's interims are not so far off and nothing has been published which makes me change my mind about the underlying demonstrated profitability of this company.
How's everyone else feeling?
sd
kimoldfield
- 28 Mar 2006 16:58
- 2269 of 2787
Not worried sd! I had expected a small rise before tomorrow but the whole market is shaky so perhaps that was enough for some holders to get out....or maybe the MM's are expecting something good tomorrow and wanted to get their grubby paws on a few more shares....maybe not enough traded for that though.
kim
kim
sarkee - 28 Mar 2006 17:53 - 2270 of 2787
there agm is tomorrow & maybe some interesting news.....
capper - 28 Mar 2006 18:09 - 2271 of 2787
stockdog
I like you am too busy to trade. I have looked at the fundamentals, listened to what the chairman stated. taken on board the two new directors and the increase in work and will be sitting tight on my holding. I hope we get a rienforcement from the AGM that the work is still their to be done and the statement made about the forward vision for the next year does not need to be changed.
I like you am too busy to trade. I have looked at the fundamentals, listened to what the chairman stated. taken on board the two new directors and the increase in work and will be sitting tight on my holding. I hope we get a rienforcement from the AGM that the work is still their to be done and the statement made about the forward vision for the next year does not need to be changed.
capper - 28 Mar 2006 20:07 - 2272 of 2787
A guy on one of the other boards has raised an interesting point about the debt from the old days which is mentioned in the chairmans statement. Does anyone have a view on this within the context of the new position of the company? In profit and growing.
EWRobson
- 28 Mar 2006 21:08
- 2273 of 2787
capper: The comment about substantial losses carried forward from the previous management is made in the context of dividend policy. Accumulated losses within CFA Associates have been almost eliminated. It seems that the old losses were taken within the holding company and these need to be eliminated before dividends are paid: the bulk can be written off against the share premium account 'but further profits need to be earned or distributable reserves created for all past losses to be eliminated.' I suspect most holders are more interested in capital gains so there isn't a problem.
sd: There is a problem, as we have experienced in the past, with news flow. June interim's news won't be available until July so, if there is nothing new tomorrow, we may then have to wait four months. They could, of course, want to give a quarterly staement but those figures will be more or less known tomorrow. The otheer possibility is news on a new business initiative, most likely in the fundraising area. Again, reference could be made tomorrow and it would be great if it was. I have personally realised one-third of a very over-weight holding; a rally tomorrow could be a time to take some profit; on the other hand, four months isn't long with the likelihood, in my view, of 1p being effectively breached.
Eric
sd: There is a problem, as we have experienced in the past, with news flow. June interim's news won't be available until July so, if there is nothing new tomorrow, we may then have to wait four months. They could, of course, want to give a quarterly staement but those figures will be more or less known tomorrow. The otheer possibility is news on a new business initiative, most likely in the fundraising area. Again, reference could be made tomorrow and it would be great if it was. I have personally realised one-third of a very over-weight holding; a rally tomorrow could be a time to take some profit; on the other hand, four months isn't long with the likelihood, in my view, of 1p being effectively breached.
Eric
capper - 28 Mar 2006 21:39 - 2274 of 2787
Thanks Eric
stockdog
- 28 Mar 2006 23:05
- 2275 of 2787
capper - to expand on WOUE's comments, there are 1,968,000 of brought forward losses from previous years, against which could be set 1,615,000 of the share premium account - still no dividends payable, since by law they can only be paid out of profit or other accumulated funds (exceptionally by a court order allowing reduction in share capital itself).
My estimates for 2006 are a net profit after tax of 891,000 which, after taking into account the share premium account, would leave 538,000 distributable profits and cash out of which to pay them of about 2,141,000. So dividends are possible this year, but it depends what they might wish to acquire in the way of a brokerage business to augmment their internal fund-raising capacity.
Eric - having attended last year's AGM and witnessed this last year's newsflow, I can conclude that TR is not a man who will dwell on PR when there is profitable busness to attend to - in general a healthy disdain for over-egging the SP. So we will just have to trust that this year's results will have the same re-rating effect as last year's just have (albeit now slightly gilt-worn).
Acquiring brokerage capacity could be a transforming move in itself.
I have every intention of reducing my very overweight position when I cease to view the growth prospects for the SP as strongly as I currently do - somewhere above 1.00p. Until then I will ride the roller-coaster, close my eyes and think of Warren Buffet. Although, try as I might, I cannot find the risk in this share this year whilst M&A at one level and new floats at ours continue to proliferate.
sd
My estimates for 2006 are a net profit after tax of 891,000 which, after taking into account the share premium account, would leave 538,000 distributable profits and cash out of which to pay them of about 2,141,000. So dividends are possible this year, but it depends what they might wish to acquire in the way of a brokerage business to augmment their internal fund-raising capacity.
Eric - having attended last year's AGM and witnessed this last year's newsflow, I can conclude that TR is not a man who will dwell on PR when there is profitable busness to attend to - in general a healthy disdain for over-egging the SP. So we will just have to trust that this year's results will have the same re-rating effect as last year's just have (albeit now slightly gilt-worn).
Acquiring brokerage capacity could be a transforming move in itself.
I have every intention of reducing my very overweight position when I cease to view the growth prospects for the SP as strongly as I currently do - somewhere above 1.00p. Until then I will ride the roller-coaster, close my eyes and think of Warren Buffet. Although, try as I might, I cannot find the risk in this share this year whilst M&A at one level and new floats at ours continue to proliferate.
sd
stockdog
- 29 Mar 2006 11:50
- 2276 of 2787
AGM was short and to the point, all items on the agenda carried with barely a contrary vote. Amongst which two items of note:-
Authority for the board to issue 500,000 nominal of 0.25p shares - that's 200m additional shares compared to 1,200m authorised to date and 619,000,000 shares issued and 90,896,307 options and 89,421,000 warrants outstanding - 20.0% as a proportion of the enlarged capital if all options/warrants were exercised and all additional authorised capital issued.
Secondly, a limited exclusion of section 89(1) of the Act - something to do with waiver of pre-emptions rights, but not clear its precise limits. All set out in the AGM Agenda at the back of the accounts. Anyone able to interpret more accurately?
No mention was made of any immediate plans to either issue these shares or spend the money - possibly connected with acquiring broking capacity (see below) but stupidly I forgot to ask - sorry.
TR also said that trading was "in line with, in fact better than, expectations so afar" which situation, if present prospects were realised, would continue for the next few months.
I spoke to TR afterwards on the following issues:-
1) Consolidation - yes he has given thought to this, not sure whether 10 for 1 or 100 for 1 is right. Is concerned that 100 for 1 might exclude smaller shareholders. It costs about 15,000 to do, so did not want to do it last year. He may do it when next there is an event requiring shareholders' approval so that the costs can be effectively amalgamated with that event. Nice to see he is genuinely concerned for and appreciateive of smaller holders and careful with the odd 15k.
2) NMS - he has no influence over this and does not have contact with MMs, although recognising it is currently very limiting.
3) Is keen to pay a dividend - he himself being a shareholder - will see later in the year when it seems there will be sufficient profits and cash to do so.
4) Looking to expand - has a list of identified possible acquisitions, but a) wants to make sure he is buying something good and b) wants to avoid merely paying previous shareholders to take on new staff, he'd prefer to be rewarding the new staff per se. Clearly in the area of broking/money-raising capacity.
5) Agrees that the current activity on mergers and acquisitions is the froth on the the end of the current cycle. Will he be affected at his level of operation? "I am not complacent by any means." However, he believes that new players at DGT's level will always need to come to market and advice will continue to be necessary.
6) Is looking for 2 new staff, one existing having left due to change of life-style decision - makes 7 execs in stead of the 4 from last year. I do not suspect he would do this without good reason.
Very straightforward, affable, intelligent man happy to chat to small fry.
sd
Authority for the board to issue 500,000 nominal of 0.25p shares - that's 200m additional shares compared to 1,200m authorised to date and 619,000,000 shares issued and 90,896,307 options and 89,421,000 warrants outstanding - 20.0% as a proportion of the enlarged capital if all options/warrants were exercised and all additional authorised capital issued.
Secondly, a limited exclusion of section 89(1) of the Act - something to do with waiver of pre-emptions rights, but not clear its precise limits. All set out in the AGM Agenda at the back of the accounts. Anyone able to interpret more accurately?
No mention was made of any immediate plans to either issue these shares or spend the money - possibly connected with acquiring broking capacity (see below) but stupidly I forgot to ask - sorry.
TR also said that trading was "in line with, in fact better than, expectations so afar" which situation, if present prospects were realised, would continue for the next few months.
I spoke to TR afterwards on the following issues:-
1) Consolidation - yes he has given thought to this, not sure whether 10 for 1 or 100 for 1 is right. Is concerned that 100 for 1 might exclude smaller shareholders. It costs about 15,000 to do, so did not want to do it last year. He may do it when next there is an event requiring shareholders' approval so that the costs can be effectively amalgamated with that event. Nice to see he is genuinely concerned for and appreciateive of smaller holders and careful with the odd 15k.
2) NMS - he has no influence over this and does not have contact with MMs, although recognising it is currently very limiting.
3) Is keen to pay a dividend - he himself being a shareholder - will see later in the year when it seems there will be sufficient profits and cash to do so.
4) Looking to expand - has a list of identified possible acquisitions, but a) wants to make sure he is buying something good and b) wants to avoid merely paying previous shareholders to take on new staff, he'd prefer to be rewarding the new staff per se. Clearly in the area of broking/money-raising capacity.
5) Agrees that the current activity on mergers and acquisitions is the froth on the the end of the current cycle. Will he be affected at his level of operation? "I am not complacent by any means." However, he believes that new players at DGT's level will always need to come to market and advice will continue to be necessary.
6) Is looking for 2 new staff, one existing having left due to change of life-style decision - makes 7 execs in stead of the 4 from last year. I do not suspect he would do this without good reason.
Very straightforward, affable, intelligent man happy to chat to small fry.
sd
markusantonius
- 29 Mar 2006 12:04
- 2277 of 2787
Good, honest post, Stockdog. Thank you. I make this a virtual "zero downside" risk investment now then! Tend to agree with Eric's view that long termers will be rewarded. Considered top slicing but then you always risk missing out on the next big leap plus 2 lots of spread & comms.
Future looks great though - sky's the limit job, I think! :o)
Future looks great though - sky's the limit job, I think! :o)
Global Nomad - 29 Mar 2006 12:06 - 2278 of 2787
thanks for taking the time to visit the AGM and post your remarks. It does make you feel good about the attitude of the company and being a shareholder.
Makes a change from many small companies that treat shareholders as a bottomless pit of money to line their own pockets. It all sounds very considered and attentive.
Lets hope other people/investors recognise this value and its long term benefits for all concerned. Should keep the sp from falling any further...
GN
Makes a change from many small companies that treat shareholders as a bottomless pit of money to line their own pockets. It all sounds very considered and attentive.
Lets hope other people/investors recognise this value and its long term benefits for all concerned. Should keep the sp from falling any further...
GN
markusantonius
- 29 Mar 2006 12:16
- 2279 of 2787
The slightest bit of good news now should get this on the move again. Did my own bit of basic calcs last night and this is as close to a "sure punt" as we will ever get on AIM.
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Register now for FREE
Share Prices,
Stock Quotes,
Charts, Bulletin Boards, Indices, Watchlists, Portfolio, Market News, Research
or see our Premium Services including Level 2, Terminal and much more.
Follow us on Twitter