hi im fairly new to this board,but thought you might be interested in my thoughts.web shareshop looks a bargain at the moment....it has a market cap of around 2,500,000 at a price of 14p to buy,the companies holding 7,500,000 shares in south african resources which is alone worth 2,100,000(up 4 today again),as well as several other companies.the campanies shares are not traded very often but results are out around 15th feb,and its portfolio must be worth 20p a share.please give your thoughts.

LONDON (AFX) - Web Shareshop (Holdings) PLC six months to January 31 2004
Sales - 299,000 stg vs nil
Pretax profit - 159,000 stg vs loss 65,000
EPS - 0.38 pence vs loss per share 0.24
Underlying NAV - 21.4 pence vs 5.1 (July 31 2003)

Yes, I agree 20p is a good target for them, I sold mine at 17p for a small profit and am looking to buy back again, fallen too far, however, current market subdued so who knows.

i sold my holding in this co just after the results at around 17p....just bought them back 2 days ago 12.45.....couldnt see them going much lower and up 1 today.....still think theyve got tremendous potential....south african resources stock must just about cover the entire share capital of wss.

boroboys & janesteve - congratulations on your excellent timing with sales @ 17p.

I too have been watching these pull back; but would have missed the turn if I hadn't been reminded on another thread. Personally I set great store by Fibonacci Retracements; and in a rising sector the 38.2% retracement would seem to be the appropriate marker. That takes us back to 12.175p. I suspect Janesteve has timed re-entry to a tee, as we are overdue a Net Asset Value statement; and when one does come, it will refocus attention on an oversold play in the resource sector.