The legend dipped his toe in the other week. This came from the tipper of ASC, DTG. Watch very very carefully. Potential 80% easily.

Very undervalued, plenty of cash, eps forecasts put company on a p/e of 3.

Although badly run, it looks like there is light at the end of the tunnel. DYOR

Legend

Is there anyone who still has faithin this one? I can't see it turning around.

.

I am still in these. situation not ideal i know with the sp. it seems to me that the management are trying to keep the sp down for whatever reason.

Have a look at the latest rns... Also 2 days ago there were 200k bought at 17p - this is 0.5% of company... you can't do that too many times without someone noticing!!! I think someone might well be trying to build up a stake.

With net assets of 22p, tnd have 2.5m in bank,company generating cash together with the value of the brands, these seem to be worth much more than the market value of 6m (current sp)

Also, company has 12m tax losses, so if you say raleigh (or another large bike firm) acquired them for 8-10m, then they would be able to use against the profit.

I am happy to hold and ride it out. There is lots of value in this co.... all imho of course.

keep smiling!!

Legend,

This is not going well. Are you still in? I'm tempted to cut my losses and look for a winner somewhere else. Anything in your radar?

Profitmaker,

I agree this is not going well but my losses are such I am hoping for takeover/mbo just to cut the losses and move on. This stock is illiquid and lack of newsflow and poor investor relations has caused the SP to drift. However, it has now stabilised around 11p and barring any unusual negative external factors, I cannot see this dropping any further. All IMHO.

looking up - anyone interested?

Yes, still in these transco - can't believe it is nearly 2 years since someone post on here!!

Even though these have done disastrously since I bought, I have held out throughout and feel that one day over the next year or so that these will give me a return...

Based on fundamentals these seem cheap and the company seem more positive now.

I personally thought that the interims were spot on and traditionally this business makes more profit in the second half of the year.... so we shall look forward to see what the christmas period brings.

How many you got transco??

Small beer 30,000 shares!!
May buy some more in the morning!

Just purchased more fingers crossed this has the potential to rocket!

Looking better by the second!!!
With Xmas round the corner we must be looking at 30p by Jan.

Deserves a re-rating, management finally seem to be getting their act together.

Yes this shows with the pension shortfall reduction and the improved figures in a historically bad quarter. Looking up big style.

Agree trans, have held for so long now that another few months doesn't harm!!

Plenty of value here as legend says... heres hoping for a good christmas

Look at todays performance in a bad market - this could fly!!!