SueHelen
- 14 Jan 2006 13:25
PRICE 0.23-0.35 PENCE........14.01.06
TRADES OVER 105,000 SHARES ARE DELAYED IN REPORTING BY 1 HOUR.
Press Mention in the Daily Mail Newspaper on 14.01.06
City & Finance Section.....Page 77.
Priced at less than a penny, Enition attracted a flurry of speculative interest and firmed 0.03 to 0.24p. Turnover swelled to 24m-plus amid speculation that former IT minnow and cash shell is on the verge of featuring in an interesting reverse takeover deal. Enition has 700,000 cash in the bank and has said it is exploring acquisition opportunities in the energy sector.
3 MONTHS CHART + RSI, MACD, AND VOLUME INDICATORS
3 MONTHS CHART as CANDLESTICKS + MOMENTUM, ROC AND OBV INDICATORS
I YEAR CHART + BOLLINGER BANDS
SueHelen
- 14 Jan 2006 14:20
- 6 of 53
Use this one..... a lot of interest should start building in these from Monday courtesy of the below:
Priced at less than a penny, Enition attracted a flurry of speculative interest and firmed 0.03 to 0.24p. Turnover swelled to 24m-plus amid speculation that former IT minnow and cash shell is on the verge of featuring in an interesting reverse takeover deal. Enition has 700,000 cash in the bank and has said it is exploring acquisition opportunities in the energy sector.
SueHelen
- 14 Jan 2006 14:22
- 7 of 53
At the moment now Enition is a cash shell....so no point in looking at ENT's past. There is no business at the moment.
What excites me is the pedigree of the new directors who have joined the board.
jameel06
- 14 Jan 2006 14:24
- 8 of 53
SueHelen, I see alot of buys on friday at .23 rising to .25... I was just keen on seeing what the new management have in stall??? But surely its ambitions to explorew acquisitions opp.'s in the energy sector has been an old committment made my the new management? So what seems to have chnaged? Other than the recent increase in trades? Views as always welcomed?
SueHelen
- 14 Jan 2006 14:28
- 9 of 53
The snippet in the Daily Mail today basically points out that ENT is now on the verge of concluding a very interesting reverse takeover deal in the energy sector
I think the snippet on ENT in the Daily Mail Newspaper carries a lot of weight and should lead to further big interest in these next week.
There is no much else to go off.......but some press mention before any news is always welcomed.
SueHelen
- 14 Jan 2006 14:32
- 10 of 53
The new management have only been at the helm since late September....so the commitment from them is new as well.....they've raised the cash....had three 1/2 months to explore opportunites....I think in the next couple of months a deal will be finalised and ENT will be a new company with a new business.
The cut off date for cash shells is now end of March so as with other cash shells there will be a lot of developments over the coming weeks....not all of them look tasty but I think looking at the people on the board again....this one could be a nice little earner.
catnip
- 14 Jan 2006 14:32
- 11 of 53
Interesting counter - 12408 hits in little more than an hour.
SueHelen
- 14 Jan 2006 14:33
- 12 of 53
Hi catnip....ignore the counter for now....trying to get it reset...it's off my DMR thread...the one u know which has been very popular.
jameel06
- 14 Jan 2006 14:35
- 13 of 53
From my reading the the 3.25 million were in fact sells 'T' at 0.23 pence
SueHelen
- 14 Jan 2006 14:38
- 14 of 53
Jameel...the trades displayed on the trades page are not always displayed correctly. This is because trades over 105,000 shares in ENT are delayed in reporting by 1 hour.
So if u were to buy 500,000 shares at 0.25 pence on Monday at 09.00 then u have ur 1 hour delay in the trade being reported. If by 10.00 the bid price is at 0.25 pence then ur trade will be marked as a sell.
None of the financial websites have come with a cure to this.
SueHelen
- 14 Jan 2006 14:42
- 15 of 53
In the instance of the 3.25 million T trade at 0.23 pence.....u have to work it out if is a buy or sell....A T trade represent a single protected transaction in that an order has been worked through the day at a specific price. We already had the 4.5 million T trade at 0.23 pence which was definitely a buy as the displayed offer was 0.23 pence. The market maker was immediately able to fill that order. In this instance.....the same individual more than likely wanted more shares at the 0.23 pence......but there was a lot of retail buying also going on at the 0.23 pence....so the market makers had to push the price up. So in order to fill the 3.25 million T trade at 0.23 pence one of the market makers purchased around 2-2.5 million shares at the 0.23 pence before the offer price was increased. Later in the day...the market maker which was WINS in this instance used those shares that they purchased to fill that 3.25 million buy at the 0.23 pence price.
Level 2 tool comes very handy to identify trades like these.
SueHelen
- 14 Jan 2006 14:50
- 16 of 53
Some more information on Peter Greensmith:
Peter Greensmith, non-executive director, has over 16 years Investment Banking
experience. He spent several years at Samuel Montagu and Hill Samuel before
joining Dresdner Kleinwort Wasserstein where he was the COO of Global Research
Department before being made a director responsible for European Private Equity
and mergers and acquisitions. He is a founder and Executive Managing Director of
Libertas Capital Group Plc, a quoted London investment bank (AIM code: LBR).
Was involved in bringing Libra Natural to the market.....at a issue price of 5 pence a share back in March last year.......now trading at 16 pence (been as high as 18 pence) with some very good prospects.
jameel06
- 14 Jan 2006 14:54
- 17 of 53
I have had a look on website for the Daily Mail briefing but unable to find it anywhere? I wonder what it says exactly? May I ask you something?
What was your methodology in picking out ENT - ie how did you pick it?
jameel06
- 14 Jan 2006 14:56
- 18 of 53
SueHelen, MJR referred to GGGW, any views? How would you compare GGGW and ENT in terms of risk v return..... It seems that although mjr based his judgment on level 2, however I guess if the Mail has also quoted ENT then it gives more weight
jameel06
- 14 Jan 2006 14:58
- 19 of 53
I take your view on the strength of management - especially in M&A work with key investment banks and acocuntancy firms... Another realted point: you mentionned that you bought some shares in ENT but surely if this was done today then your buy will only go through first thing Monday morning?
SueHelen
- 14 Jan 2006 14:58
- 20 of 53
Jameel....it is in the newspaper today...page 77. I found it on the pressdisplay website and I have posted the article in the header post.
I was looking at Level 2 on ENT yesterday...the stock was already on my watch list and I have been following events since the new managment were appointed. The article in the Daily Newspaper has proved to be a lucky star and made any assumptions I had yesterday concrete. I am very happy with my purchase now and looking forward to developments over the coming weeks.
SueHelen
- 14 Jan 2006 14:59
- 21 of 53
Jameel....I made my purchases in ENT yesterday morning at prices of 0.225 and 0.23 pence.
SueHelen
- 14 Jan 2006 15:00
- 22 of 53
Here is the article again:
Press Mention in the Daily Mail Newspaper on 14.01.06
City & Finance Section.....Page 77.
Priced at less than a penny, Enition attracted a flurry of speculative interest and firmed 0.03 to 0.24p. Turnover swelled to 24m-plus amid speculation that former IT minnow and cash shell is on the verge of featuring in an interesting reverse takeover deal. Enition has 700,000 cash in the bank and has said it is exploring acquisition opportunities in the energy sector.
SueHelen
- 14 Jan 2006 15:02
- 23 of 53
I will have a look at mjr's mention tomorrow for u....I already have my balanced portolio now and won't be looking to buy any other stocks over the coming days. My portfolio now consists of DMR, SER, IQE, and ENT.
By far my biggest holding is in DMR, followed by IQE, SER and then ENT.
jameel06
- 14 Jan 2006 15:12
- 24 of 53
SueHelen, whilst your on your little research adventures could you also cast youe eyes on a stock I have in my portfolio - ELP! I wonder wheter you will be able to?
Sue can you also let me know your preferred method when undertaking research into stock?? I think im probably asking too much.. but your views are greatly appreciated and valued. Regards,
jammeel
SueHelen
- 14 Jan 2006 16:30
- 25 of 53
Jameel......I have 30 different stocks on my stockwatch list......the ones that interest me and get my pulse going. I keep on top of all the developments on each and everyone of those stocks. I won't buy even though the company's prospects good just for the sake of it. I value timing greatly...I don't like to keep my money in stocks where I don't see anything happening for months. So I stay on top of the developments on the stocks on my stockwatch lists.....then I also keep an eye on the technical indicators such as bollinger bands, volume, MACD, candlesticks. Those allow me to narrow down my search in that from the 30 I can narrow down into a handful of stocks which allow me to come to a decision that it is the right time now to go ahead and make my purchase in that stock. I break it down further by using Level 2.
I will also buy when things are not looking good in particular stocks...right at the bottom when no one wants them. This is where you have all the derampers turning up...shouting chart looks awful etc.....that is when you start buying if u wanna stay one step ahead. No good buying when the chart looks nice and pretty. I have found this exercise pretty rewarding with DMR where I have been able to accumulate a holding of 2 million shares at the 0.30 pence prices in October 2005. Everyone wants them now and the market makers won't let them go easily as we approaching the news season now with them. See my posts on the DMR thread with regards to that.
The 30 stocks in my stockwatch lists are reviewed every fortnight...if developments have happened which don't excite me then I will remove that stock and cease to follow developments. A new entry would appear in my stockwatch lists.
The one thing u must be remember is to stay on top of things.