Invest? If not.........What are your reasons? Lack of liquidity? Fear of a 'different' marketplace? Perhaps you feel wary as you feel you don't yet understand how it works, or your broker is either negative, or doesn't trade Ofex shares.
(Don't worry, most people have never heard of Ofex - perhaps that in itself is a reason!).
Are you then a 'lurker' who'd like to give it a go but aren't sure?

What is it that would convince you to finally give it a go, to buy your first ever ofex share? Or would you never do it?

Do tell! And do ask any questions you have. They don't bite!

Ofex I think is OK if you have a small amount of cash you do not mind tying up for some time. It is not a get rich quick market because a lot of the companies are start up companies. Not a market to risk a lot of money in. I think qonnectis is one to watch, certainly not a market to invest in if you are not prepared to wait, or even lose your investment.On the other hand there are excellent gains to be made if you can pick the right stock

Well Roy I have bought 140,000 Britannia at an average of 10.1p, so 42,000 clear profit on the 140,000 & have added a further 30,000 since, I expect them to get to one pound.


That's good enough profit for me.....your right though you should be prepared to lose your investment, but the risk/reward if you study carefully is good in a bull market.

Princess I have to say that I was an Ofex convert only a few months back and if you look on the GF thread you will see that and I was enthusiastic for a new beginning with new MMs etc, but as I have posted earlier things have started to go worringly wrong for that market. LUke Johnsone as gone to take over at channel 4.

I have been monitoring it from the beginning of the year and I have to say in lay mans terms 'I have found it to be a dead loss'. I cannnot give you buy or sell advice but suffice to say I would not be buyinging into the Ofex stock itself. There are one or two good shares on there as vasey as pointed out but they are very few and far between. The good ones tend to want to switch over to Aim, but just look what can happen when that cones about with the 4 less group, would you wish to see your investment drop within a few hours from 86p to just 55p and thats just on what was supposed to be a positive switch from one market to the other.

Its all very well people pointing out with the late introduction of the MMs ( and I hear one of them maybe pulling the plug now)to Ofex that it will be a more liquid market and hence their argument is that prices will go up far quicker but dont forget they will also aswell fall more quickly. Take for example Britannia a share mentioned by a previous poster, the boss and his wife together have sold over 700 thousand of these on 6 visits and the price didnt budge one jot on any visit, if that same thing happened on Aim or the ofex market with new MMs the share price would have been slaughtered no doubts about that.

Also this week or last week but I can find it, I saw a comment on UQ.com where yes where not one share had been traded before 9am, then came 10am still the same, and then came 11am still the same at approx 11.20am they got the first trade through buy or sell on that market.

Could you really put up with that?, I know I couldnt.

Not only that but you on quite a frequent basis get reports were investors cant even buy 500 worth of stock, in fact to build a position just think how much it is going to cost you in brokers fees and tax both buying and then trying to sell them and it is a big if , if you want to sell a decent quantity.

Please check it out, but I for one will now give it a wide berth.

Good luck.

cheers GF.

GSC assets over 47 million. Borrowings fixed over 25 years. I am a big fan. Low risk unless you think commercial property will crash. Can't see that with new sites so hard to get, the demand for existing sites likely to outstrip supply, squeezing prices ever higher.

Nearest competitor on Aim trading at premium to nav.

90% of GSC clientelle are FTSE 350 companies or government. Unusually high quality for an ofex company.

Cash in bank 5 million against market cap 6.5 million. Strong buy. Thanks for highlighting it Third Eye, though your numbers are a bit off.

Agreed Roy.

As an investment don't like OFX btw, negative nav.

Goldfinger said:
The good ones tend to want to switch over to Aim, but just look what can happen when that cones about with the 4 less group, would you wish to see your investment drop within a few hours from 86p to just 55p


4 Less group is trading at 80.5p you must try not to mislead goldfinger....facts on www.ofex.com

GSC Property at 30 June: Cash at bank and in hand 0.22m

The property they sold for cash is due to be invested.

I cant understand this mentality of some investors harping on about the past and using figures from the past. Its whats about to happen in the future that counts and I can tell, you this Britannia Finance is at a lower price now than what it was on the last results 6 months ago, hardly a glowing reference.

Dont forget the warning on the bottom of tipsters tips, past performance is not neccessarily a guide to future performance, please never forget that.

cheers Gf.

hawick why are claiming 5 million cash and assets of 47m, when they have sold 5m of assets........that leaves 42m assets....I hope you aren't trying to mislead by 5 million pounds?

Well if thats the case all good and well for 4 less today, but cant help thinking of those poor souls who sold out on the relisting news. And by the way thirdeye please dont try and turn this again as you have in the past to a clash of personalaties, stick to companies and not the posters, likewise I see you are trying to discredit hawick.

Bullshare has said in the past we do not want clashes between personalities , stick to companies, stick to the house rules.

chers Gf.

Britannia & the future according to Michael Walters projections goldfinger:


Profits
2003 308,000
2004 800,000 (tba in June/July)
2005 1,500,000

Michael Walters usually likes to be conservative, so I think that's pretty good growth. & a loan book of 13m rapidly growing, see profits virtually secured for the next 3 years. :-)

Well goldfinger as for 4Less at least I quoted the correct facts, so as not to mislead anyone, I wouldn't like to tell them the price is 55p when it is actually 80.5p.

Just to clarify, I buy my OFEX stocks in placings, offers, IPOs etc in order to get the quantity of EIS-eligible shares I require. Placing documents are very good research documents for potential investors and you have time to talk to the directors before handing over your cheque. The fixed price means it doesn't matter what the Daily Mail or some tipsheet guru says. But it is not a market for investing big sums in single companies you can't research easily.

Taken from my earlier post on Britannia on another site..............

Fact this one is a minnow in a big pond

Fact this one is facing increasing interest rates

Fact this one is facing narrowing margins

Fact this one will lose customers due to increased interest rates

Fact this one is well exposed to geopolitical problems

Fact this ones bad debt is rising and will get worse

Fact this one has a massive increased cost base

Fact this one cannot grow from net cash inflow

Fact this one as to keep going back to the bank for finance

Fact this one is massively geared

Fact this one is facing losing revenues on government legislation

Fact this one is up against the new Bankrupt laws

Fact this one is in a saturated and overcapacity market place

Fact this one will be up against new EEC laws on emissions

Fact this one is up against more people buying new cars

Fact this one is up against more people taking to public transport

Fact this one as gone in to the overcapacity credit checking busines

Fact this ones boss and his wife have been selling shares big time

Fact this one is within a trading range 34p to 39p and cannot break out

Fact this one is on an iliquid market and hardly ever stirs

Fact if you stay much longer in this one you will live to regret it.

cheers Gf.

I wish you would get your facts right, many of the "facts" above are a bit like claiming earlier today that 4Less is 55p.


I can see no useful debate here....shame.

Facts I presented just over 2 hours ago please check it out post 21.............

"Not sorry not for me. Not regulated enough too much of this kind of thing happens which as just hapened in last few days...............

Over on Ofex, currency exchange group 4Less placed 2.8 million shares at 60p and that managing director Charles McLeod had dumped 450,000 shares at the same price ahead of a move to AIM. Since the mid-price ahead of the news was 87.5p the placing seems at a low level but the company - in a rare moment of corporate honesty - told free to use website Unquoted-Analyst.com that its shares were simply overvalued at 87.5p. They were 5p less overvalued by the close." Just think from 87.5p to 55p, - scandal."

Hope that clears any problems up as I am not out to misinform.

cheers Gf.

So the market valued them at 82.5p at the close....not 55p.

goldfinger fact on FINANCE Group Britannia

Fact this one will be up against new EEC laws on emissions



I rest my case.

Over & out....sensible debate can be found elsewhere I hope.

Obviously the bosses think they are only worth 60p why dump 450,000 at that price, because they are feeling charitable, no they admit they are over priced and the article from unqouted analyst was misleading to say the least.

Now address the problems of Britannia or are you not capable of that.

cheers GF.

Post 45 think it through thirdeye I take it your not up with EC regulatory laws. I rest my case.

cheers gf.

Just to claarify. GSC property assets c.42.6 million, plus cash around 5 million, less 400k for creditors v debtors. Borrowings 37 million over 25 years, nav 101p.

Seems entirely clear to me. 35% below nav. DYOR.