Just quick summary to bring this to your attention; more detail will hopefully follow.

This stock floated yesterday at 10p and has since doubled. It has, needless to say, suddenly become very popular on another BB.

The company is profitable already and trading on an estimated (by yours truly) forward PE for the current year of 9 at SP 20p. EDIT: Hoodless Brennan estimate EPS for Full Year 2006 will be 2.18p - see article (link below).

Free float is 11.4% of the 81.2 million shares in issue - most are held by the directors.







Extremely useful Investegate article LINK


Extremely useful Hoodless Brennan analysis LINK


PDYOR, etc.

cant be bothered to check but can be bothered to post meaningless drivel

says it all really your name dont it

well if you are such a smartarse why did you not post the info?
for those want to know, cap is a bare 15m with NMS of only 3000 shares, which indicates very restricted liquidity.

perhaps smartarse would now like to check who has major shareholdings and post accordingly

employees and directors hold 85% of the company as incentives as the entire board only pay themselves a total 14000 pounds! 15% free float does mean restricted liquidity hence the sp dramatic rise when everyone wants a piece of the action. Having said that I had originally 35000 and no problem selling but now back in again and could only get 12000---you have to buy in small batches.

thanks for clarifying M+ ....... a brave stock to buy and am surprised that authorities allow just 15% free float ...... of course, just as the rise can be dramatic, any pressure and the fall is likely to be truly melodramatic

should do some research, they've pots of cash pe is barely 10 and they are about to release a product worldwide. If this doesn't multibag i'll eat my knickers.

now that i would like to see... lol

sorry to be a wet blanket, but such ill-founded euphoria has been seen in many stocks before ..... you may be right, but if there is even a sniff of disappointment then your knickers may well not taste too good ..... as a simple example, take a look at the performance of TMC over the last few days, and that was just on the back of some delays in getting equipment; hardly a profit warning!

looks like Cynic is fighting it and missed out. Bitter sweet symphony.

yeah bye cynic

better fastest finger first

he can't leave it alone, think it's called jealousy.

not at all ..... why is it that there is such exception taken to those who post advising caution or even sales? ...... my reasoning for caution is every bit as valid (one might say more so) as your is for buying

err, did you read the notes from the companies AGM which states sales are up from recent results

durrr

DID YOU READ WHAT I WROTE?????????? ...... DURRR!!!!!!!!!!

clearly not!!!!! ...... but briefly ....
this sort of stock is very dangerous to trade, not only because it has very low cap, but is singularly illiquid with only 15% free ...... it is basic fact that while these mini-minnows can indeed rise like a rocket, at the slightest whiff of anything untoward, can (indeed will) fall like the proverbial stick or even a stone ..... further, unloading any volume can prove almost impossible.

thus, i have merely posted a sensible and logical caveat, so that those who jump in are forewarned

mummy's little soldier protecting all around him, can picture you now with a tank top, u a librarian??? Alot of my blue chips have lost 5%+ this last 2 days, seems they can be more dangerous than smaller stocks!

what is it with you? ..... i disagree, so you have to get stupid and personal

lol! just seen you post on the COH thread!! thought you didn't like illiquid tiddlers!!! Found out. Go and put jealous guy on your record player young man.

DURRRR!!!!!!!
I have never held or shorted COH
if you read properly, you would have gleaned that readily and that also established that it is a stock and even micro-sector for which i do not care ..... however, you are so eager to be ignorantly personal that you made a basic error ...........

had i written here, "Don't buy!" without any supporting logic, you would have had some justification for acting like a girlie with severe PMT ...... but you don't!

hey oilyrag

hope your still holding mate!!

so you just drift around threads advising people to buy/sell. Sounds like you need to get a life young man, care for a pair of my nickers to smell?? You can have the arse end as you wouldn't know what a woman smelt like it would seem!!

cynic get rich and buy