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!

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.

Just a recap on the problems facing Britannia and the reason as always why thirdeye leaves the debate prematurely..................

Fact this on 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.

Ps, ask yourself this, would you buy this stock knowing it faced all these problems and even more if this is the flagship of Ofex what does that say for that market???????????????????????????.

Spot on Hawick ,just checked out the figures from the accounts myself.

cheers GF

hawick you said assets 47m & cash of 5m

that's circa 50p per share overstatment.


However pleased you have corrected it now I have pointed out your error.


Goldfinger half of those aren't facts and you know it, I always have time to debate with those who are constructive and reasoned.

Please point out then the ones you dont see as facts (please provide verification, idle gossip is not good enough), because I can tell you this everyone is a fact and not speculation like you have tried to use with your arguments. As bullshare says stick to facts and I have done that.

cheers GF.

If you check it out, you will find they sold a property recently for 4.45 million. That gives assets c.42.6 million in property, and around 5 million in cash (less a small amount for debtors v creditors). Please be careful, I did not say, nor wish to imply, anything else. And I have checked the wording is quite clear. So if you can put your pals at finfoex right i would appreciate it, thanks. I dont mind you debating tough, but please play fair.......

I have always including elsewhere in this site and as you know at unquoted too, used a nav figure of 101p.

I did not say 47 plus 5 anywhere. Do post the quote please otherwise. Assets over 47 million, I said. Further down I mentioned that c.5 million is in cash, it was not in addition to.

That remains unchanged, though as repayments fall and if commercial property prices rise by a modest 5% p.a. in five years time will have risen to closer to 3quid, (repayments by then around 30 million, assets nearer 60 million) even assuming modest or no profits.

And thats the attraction people are yet to wake up to. GF think you should lock away a few of these, as I have!

Tell you what hawick the more you reveal the more this one gets interesting.

Any ideas on if it is going up to aim??????

cheers Gf.

ps, sorry couldnt buy enough on ofex for my purposes, the same old problem.

Well i have 20k GF! Not big enough for you i guess, lol, and it has recently become my biggest long term share!