(Anyone lucky enough to buy my 2003 share of the year enjoyed a roller-coaster. At one time Holllis Eden on Nasdaq reached 5 bagger status before falling back. i recommended selling at 2.25 bagger time but hey not bad!)
I don't expect this year's one to be quite so dramatic but here's hoping! I think it could easily be a bagger+ though!
Gladstone is a relatively little known software stock with solutions for internet and broadband that appears to be ahead of its competition. The market cap is 5.8 million but the total assets are 8 million. Anyone sneaking out results in Xmas week might well cause suspicion but GLD's were really good. It has turned a 1 million+ loss into a small profit and there is a lot more to come as the company has now a strong customer base. It looks like they are on the acquisition trail as a close reading of recent statements shows a Director taking a more active role in the search but they could easily become a target themselves. They have cut costs too and a very confident board paint a rosy but not rose-tinted picture of the outlook. A reorgnisation of the share capital will reduce the shareholder base from 8000 to nearer 2000. A sensible move as some paid several pounds a share in the dotcom days and they are now to be offered a return wothout costs on their investment.
At 12.75p they are in a narrow trading range which has lasted most of 2003 but when or if they breakout a substantial upside move is on the cards.
Undervalued. Buy.

Website is undergoing a transformation & their broker has tipped them as a buy.

Cheers Orion, any more on the broker tip, is there a link atall? Thanks, Jim.

Have a look at the AFN site & gg will mail it to you.

Who are their brokers?

Who are their brokers?

Brewin Dolphin are brokers.

Ben Merrett the CEO will be on AFN's Intercast giving a live Interview
at 2 o'clock Monday the 29th if you want to listen in.

Well so far so good - well done Hawick! Serious breakout in the last couple of days way out of the 12 month trading range. The trading update was tremendously positive.

Well so far so good - well done Hawick! Serious breakout in the last couple of days way out of the 12 month trading range. The trading update was tremendously positive.

Cheers beaufort! Yes the real breakout is above 16.5p from where it could really run very quickly up. And we are right on that now. The chart shows higher lows since early February and clearly the initial uptrend is now pretty firmly established. Hope people are holding. As I said this was very much one I tipped on the grounds of 2004 and beyond being a time of growth for the business. Not a short term punt.

Despite the recent corrections in the Aim index and technology in general this one has kept getting stronger, which is gratifying!

hawick - nice steady one for 2004 with no sleeplesss nights!!
New website looks good too with regular updates, we will see 25p+ this year! :-)

http://www.gladstonemrm.com/gladstoneinternet/default.aspx

Half time whistle, so far so very nice!!

Now it's really motoring. The IC tip has made all the difference.

And i thought it was my tip, lol, ha ha!!!!!!!

It is a cheap stock and I reckon plenty upside still. Spent 12 months cleaning out stale bulls and hefty resistance, so now every time someone buys they are struggling to find any sellers, as those in, know it is too cheap.
That's why charts can be so useful especially on a breakout. This is a classic case.

Yep, it was a great tip Hawick, IC just ripped it off from you!

19.75p at the close of a great week.

LOL again Beaufort!! Yes a terrific breakout, consolidation then some more would be ideal!

Nice chart gap!! But I am not greedy 30p will do nicely!! For now!

Yes 30p will do on current projections. I am hanging on to this one now it has broken through. With new offices in Glasgow and Oz it could be getting into a major new phase of expansion and that could transform the P/E. Why shouldn't the P/e for GLD as a software co. be more like 25, in which case share price ought to be around 55p!?

Still going up - 21p this morning.

High PE. I am not so sure it will go higher until the company issues results later in the year.

P/E on forecast 2004 EPS (2.2p) is still less than 10. Not high in my book.