3925
posted 09 January 2004 14:17
--------------------------------------------------------------------------------
Yeoman Group, once almost 8 quid a shot, is at an all time low of 13p! At first glance it looks crazy to invest. Losses of 4.9 million recently announced!
But it has just completed the administration of LaserScan and cash almost covers market cap now. A seller has I gather been cleared out today and I think these could soon rise sharply. In the last three months they have signed contracts with Orange and Vodafone and the new Chairman (another plus point) is confident that further contracts will be announced over the next six months. They are not completely out of the woods yet but since they concentrated on the best performing parts of the business this now looks like a transformed telecoms play that the market has not taken notice of yet.
A strong Buy, but only with your punt money. With the right names backing the company now and cash available to promote its Travel8 product, time to get in.
A bit of a health warning, this is much higher risk than my usual selections (so pretty please don't say you weren't given fair notice!!). I just feel the balance of risk is weighted very much the right way. One for real contrarians

I have a holding in CYH and must admit that the technical analysis shown on these pages is way beyond my capabilities.

However waht concenrs me is the fact that the take over announcment has been made without the agreement or consent of the potential bidder. Would this not put up the back of the poitentila bidder as it might be seen as an attempt to invite rival bids to inflate the share price and demand a higher premium?