(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.

LOL beaufort (but will see if i can come up with one if people want, a few candidates around!!).
Just one word of caution, yesterday's move might have been a few T-20s speculating on good results and one or two days after the numbers might be volatile, but the results will be great and 30p is a very reasonable - indeed modest - target over the coming months.

Agreed Hawick - the price might come off a bit after the results - I suppose the key will be what the projections are for 2005 - if predicted EPS is about 3p, then the 30p SP level ought to be reasonably secure.

eps of 3p and shareprice of 30p is actually not reasonable - it is way too low, especially when considering this company is in growth stage.
Similar companies showing growth are on p/e's of 20-30 - not 10!

Just look at that chart! Progress after the results all depends on the outlook.

Beaufort this might demonstrate better why i, like you, am excited by the chart!

Nothing between 28p and 1. Glad I didn't hold these early in 2002!!
That's a very long upswing from MAy 2003.
Still a long way to go, although they have basically doubled so far this year.

Now up to 26p, the SP curve is going almost straight up now.

Good results - pretty much inline. Bit of a sell-off this morning (perhaps not surprisingly). We await predictions for y/e Aug 2005.

Question is, is this sell off a good time to stock up on some more ?

Real robust set of numbers. As anticipated with a bullish outlook too! Bit of buy on rumour sell on fact today and t-20s, exactly as i forecast a few posts ago! Very happy!

WOuld hope to see some broker projections soon for 2005 and 2006.

SP holding up reasonably well considering. Most of recent gains being retained.

Disappointing drop off this week, part wishing I hold sold and taken 80% profit, part thinking about waiting for the bottom and topping up?
What do you think, Beaufort/Hawick?
Did any of you here about a fight at a meeting, director kneed in bollocks?
You thoughts apreciated

Heard a rumour Andy! Someone who invested in boom apparently blamed CEO for everything.

I think a few people punted in before results and now the shares have eased back they are getting out. I am keeping what I have and think everything remains positive, I think the pullback represents a very decent value opportunity.

Thanks for your thoughts, When full year results confirmed at EPS 2.15p then GLD are now trading back around PE10 which does seem low. With planned share buy-back and provided same or better profit forecast for next year it seems like top-up time soon or am I talking nonsense.
When are confirmed results and 2005 forecast due out?

I am new to this game and picked GLD before tipped in IC so quite chuffed but if fall below 20p I might get worried!! Don't want to lose a profit for once!!
Don't suppose GLD board could be selling a few to get price down ready for buy-back? like I said I am new, can this happen?

When you say bought in boom, I assume you mean a few years ago?
Hope it doesn't balls things up!!

Thanks Andy.

Well found! Andy if you are in for the next 6-12 months then i cannot see GLD being below their recent highs by then. I suspect reading the report they are close to a small acquisition and that would lead to new shares, and or cash being invested to grow the business. If it did fall to 20p I would look at buying more.
Good chart support around 20p, back at the uptrend too. I think it will consolidate 20-25p before going up again.
In the dotcom boom, it hit 500p! Another poster on another board, with a supposed 'reputation' (lol!) seems to think it was a great wheeze and when he made a joke of it was surprised that the CEO was a tad miffed. Oh dear!

Hi Andy et al. Shares mag play of the week today!
Must have found our thread at last! :)

Hopefully now more people discover this it might realise its true potential.
CEO won't be happy though, doesn't he want to reduce number of shareholders.
Best he buy a box in time for the next meeting!!
Glad I decided not to panic and bale out.

Fortunately my GLD holding :-) is balancing my EPO holding :-( but still a little dismayed that the price has not recovered after the 'sell on the results' activity.

I am presuming that it was talk of raising capital to fund purchases that has spooked the price + as Shares says, there is little institutional investment at the moment.

On another note, seeing as it is entirely down to Hawick, (and many thanks to you) that this share made it to my watch and then purchase list, have you had chance to narrow down your list for next year yet ?

Paul i think you are right, a bit of dilution and acquisitions can spook the market, usually if the cash isn't there especially, (GLD have 1.6 million, useful but unlikely to fund a 'whole' acquisition), as they take time to deliver. But GLD if people are patient should deliver plenty more.
Delighted you have made money, always wary of 'tipping' bacause inevitably (even though I have been around markets 20 years!!) I am going to make some bad calls!
Which brings me to a tip for next year, with the cautionary note already thus inserted!!!! I have something in mind, but I need to make sure with a bit more research first! You'll have to give me a couple of weeks!