Moving up.

Anybody know why?


Results Date : Monday 23 February 2004

http://moneyam.uk-wire.com/cgi-bin/articles/200401121226091124U.html

T traders pay their broker a bit extra to deal now and pay in e.g. 10 days time.

If you buy a largish chunk of shares 10 days before the run up to results and all goes well, you can sell just before making a profit and you haven't laid out any real cash. Of course, it can go wrong and if the price falls you need to sell quickly to avoid having to pay above the odds prices for a dud.

Another small rise today

Passed through previous peak.

I suppose chartists would call this a breakout.

Is this true?

I hope it is.

I didn't find it when I looked at the website mentioned in the msg.

http://www.iii.co.uk/investment/detail/?type=discussion&code=cotn%3APRO.L&it=le&id=2469058&action=detail

There seems to be no enthusiasm for buying these on last trading day before results. This looked like a bad sign to me.

I sold.

Small profit but it was a profit.

apple if someone jumped off a cliff, would u follow!!!
there sud be some positive news on monday. this companies got good potential.. brokers recommended it, newspapers are and a lot of people r talkin about it.

nav1000

No but I would get out of a boat & onto dry land if everybody else was.

It went down after I sold & a profit is a profit.

I'll see what happens on Monday & I might buy back in again when I see the results, IF they look good.

last year results were okay, but price still went down, its been happening a while, before results come out share prices rise but wen they r out they go down.. strange as the result aint half bad this year..

nav

Apple, I'm with you. I also sold yesterday at a slight profit and may jump back in if the news is good. The lack of rise before the results certainly spooked me - I was expecting more. I took the view, rightly or wrongly, that the risk/reward had shifted in the wrong direction and that there were better investment opportunities out there. There are plenty around at the moment.

nav1000, with respect, I've seen no press comment recently and only one broker - PRO's house broker - recommends it. If it were otherwise, I would have been the first to post good news!

Whatever, the results on Monday will tell and I'll watch with great interest, but from the sidelines.

publess

Blimey!

Someone agrees with me.

Perhaps we'll both be buying back in on Monday or NOT are the case may be.

publess

We made the right decision 19% Down already.

It did look bad when there was no enthusiasm for buying these on last trading day before results.

IMHO PRO is truly a basket case now - Glycosal, the semi-automatic machine has "higher than anticipated retirement rate, particularly in the more busy clinics", ie it's too slow and hands-on for the market and customers are finding better ways to do the tests. Thus the recurring revenues from the cartridges are falling off. That the supply chain is trimming its inventories would also suggest falling demand. In fairness, what isn't said is whether the shipment of new machines is keeping pace with the "retirement rate" of those already supplied.

The great white hope, G5, the automatic machine isn't due to be submitted for approvals until Q2 and is expected to launch in the Autumn - Oh, yes?

On top of this, the finances are having to be propped up by a 3m loan from Barclays with heaven knows what loan covenants. Yes, they've had 1.5m from Dr Falk Pharma, yes they've got another 2m coming in Jan 05 (which I bet is what they've borrowed against), and yes they stop paying Pfizer in November this year (the next FY, note.) BUT the losses are increasing and even if G5 is "launched" in "the Autumn" it'll be some months after that, at best, before Provalis will be able to book any meaningful revenues. I hope they can bridge the gap, but the back of my envelope this morning didn't tell me to keep them on a watch list.

I'm sorry, I had hopes, not high perhaps, but hopes anyway that this might have been the turning point for this old dog. It wasn't to be and on this occasion I got out in time - I'm pleased: I don't often get the exit right. For all those still in: I've been this soldier many times before and I feel for you; I hope you manage to get out on a spike and without too much pain.

DYOR, etc

Thanks publess

I was lucky to get out with a profit but these may be worth looking at again next year.

Good luck for next year for those still holding.

Hmmmm,

Looks like I may have been right about next year but this tip has given it a boost in the meantime.

14/06/04 08:01 UK smallcap opening - Provalis up on Sunday Telegraph 'buy' advice AFX

The FDA approval has given it a boost but I suppose it will fall back to 6p again just like last time. Profits look to be some way off so I think I'll wait for it to fall back to about 6p again before deciding if it is worth another punt.