Snakk

[J R Ewing]

Perhaps you should delete your post turmeric. Sometimes we hit the enter button before thinking things through, and he has obviously had second thoughts.

[goldfish]

Some interesting trades going through...3 lots bought at once 3 times.




12.5
10,000
13:08



12.5
12,000
13:08



12.5
31,998
13:08



12.5
68,002
13:02



12.5
31,998
12:59



12.5
78,832
12:59



12.5
44,370
12:59
SP


12.5
1,168
12:49



12.5
92,000
12:49



12.2
26,832
12:49



12.2
69,179
12:35



12.1
32,571
12:35

[blocker3]

[QUOTE=goldfish;441670]Some interesting trades going through...3 lots bought at once 3 times.

Interesting as we all know that these can only be phone calls made to BUY and not a computer trade. Cheers

[blocker3]

[QUOTE=blocker3;441700]
au contraire mon ami, ASB is behind on the NZAX, DB allows me to do computer trades. ASB needs to get out of the stone age ;)

Well Well Well. Ok what can I say apart from my statement above is wrong due to ASB and you are right. Cheers;)

[goldfish]

Dumping dumping dumping... only about 3-4M to go on my count ;)

You rekon it was sorehead that just sold 300000 for 12...i see as soon as it went someone put up a bid for 12.1 for 200000. wonder if he will sell more, i dont see why he wouldnt.
Interesting to watch.

[goldfish]

haha yip there it goes

[J R Ewing]

yup that 200k is gone. you know its Sorenson, he's the only one who has been doing it for months, signature all over it, he can't help himself. not long now with our relentless big buyer (wonder if well see an SSH soon...)

When it's finished Moosie, either he is going to pi$$ed for selling too cheap as it hits your predicted heights - or he will be proven right.

[blocker3]

So is 12c his new Support (or base) line, do you think?

[ari]

Just luv reading this stuff.............................
http://economictimes.indiatimes.com/tech/internet/snapchat-rejected-3-billion-buyout-offer-from-facebook-report/articleshow/25719093.cms

[Copper]

[QUOTE=goldfish;441670]Some interesting trades going through...3 lots bought at once 3 times.

Interesting as we all know that these can only be phone calls made to BUY and not a computer trade. Cheers

I can't see a post answering this but if you have three buyers quoting and one big seller coming in .He will hit all three buyers at once resulting in three trades at same time.The reverse applies.Nothing sinister .It's what happens all day on all stocks.
Regards....

[blocker3]

Good Info Moosie Cheers

Interesting to see the Snakk BUY price increasing this morning

[blocker3]

best guess is 3-5M


Well if anyone wants to top up at 12c. Place your order and he most probably will assist you around the end of the day.

[Longhaul]

no hurry to buy the share's then,

Not unless you are expecting a good announcement late November. In that case the time to buy might be now.

[blocker3]

based upon their last few announcements, I have Monday, 25 november as an 85% certainty, most likely late in the day.

Going by Moosie post last week, There is only 1 week left to buy (or top up) snapiti/Longhaul

[Copper]

There seems to be another seller who is selling off market in reasonable chunks. Maybe Snapdragon....

[see weed]

Just put my toe in the water at .121c to see if there is any crabs bitting today.

[see weed]

Just put my toe in the water at .121c to see if there is any crabs bitting today.

No crabs bitting so jumped in and bought some. Thats it, no more, my stocking is full. Better leave some for other people.Never know, the fisheries officer might be watching.:)

[see weed]

the way he's selling id say next week is it. been nearly 2 weeks of 1M+ volume. quarterly will make sure its all gone if it is as positive as I think it will be. buyers are relentless, imagine where the sp is going once he stops capping and a good quarterly is at hand..

May be he might keep some. In that case it could take off sooner. May be it might take off this afternoon or may be not.

[jonu]

that will be brokers acting on behalf of Sorenson and big buyers. its still him selling up large even though its an SP code

Maybe Moosie does have a chrystal ball. He sure as hell knows more than the rest of us. It must be, Moosie says so!:p

[Jasemc]

you would think sea dragon will be selling if they were happy to take 9c for their last deal.

[see weed]

best guess is 3-5M

1,000,000 + gone through today.....2-4m left. Get in fast , they may not last.

[blocker3]

lol, very funny jonu. see you in the aftermarket lounge later ;)

I keep a tally of daily trading volume and assume (keyword: ASSUME!) Sorenson is doung 3/4s of the trading (and all the big block trades). I have also worked out there arw atleast two constant buyers as well, so may be competing against each other for his "hard earned" shares. not long to go now, patience my dear friends :)

Darn I put in for a top up today at 12c. No bites yet. Come on, have a go !!!!!!!

[blocker3]

No nibbles Yet

[see weed]

No nibbles Yet

Take the plunge, the water is nice once you get in. It's only half a cent.:D

[goldfish]

Darn I put in for a top up today at 12c. No bites yet. Come on, have a go !!!!!!!

I got a bid along side you at 12c. Just a few more. Come on sorehead theres a nice block there you can have, dont be shy now ;)

[blocker3]

I got a bid along side you at 12c. Just a few more. Come on sorehead theres a nice block there you can have, dont be shy now ;)

Yea if you go down to 11.8c thats a good block of shares . (And a great average of above 12c )

HAVE A GO !!!!! .....Im waiting

[see weed]

Yea if you go down to 11.8c thats a good block of shares . (And a great average of above 12c )

HAVE A GO !!!!! .....Im waiting:t_up:

Good afternoon pasengers. Don't miss your flight, it leaves at 5pm.

[see weed]

no such luck. try Monday, but with that uptrend in effect and buyers backed up I wouldn't count much luck in that happening!

Yes, plenty of spare seats on "Snakk Air". You don't have to book. But make sure you get in early, this bird could take off at any time after 10am Monday. Don't worry about Mr. S, he will be in 1st. class.

[blocker3]

Yes, plenty of spare seats on "Snakk Air". You don't have to book. But make sure you get in early, this bird could take off at any time after 10am Monday. Don't worry about Mr. S, he will be in 1st. class.

Not bad at all see weed. I did have a laugh at your comment. At the end of the day if you can't have a laugh about the situation we shouldn't be here at all. All good .Cheers

[blocker3]

I'll be serving hors d'ouevres and miniature bottles of booze on the flight. have reserved a big bottle johnny walker for balance in the lounge at the airport after we have left. one parachute on board for Sorehead when he bails just after takeoff. good times :)

All good Moosie and a good laugh also. So going by you one week before Snakk Air takes off . Would love to top up at 12c first ,so still doing a bit of fishing first before the flight with line set and still waiting for that nibble..........

[Harvey Specter]

Not Snakk related but...

Can someone with NBR access advise which four companies Handley has got his eye on with his Illiad fund : http://www.nbr.co.nz/stayconnected?return=148773

[bonne vie]

Not Snakk related but...

Can someone with NBR access advise which four companies Handley has got his eye on with his Illiad fund : http://www.nbr.co.nz/stayconnected?return=148773

Space X, Dropbox, Square and Fab

[silu]

Who is this sorehead people are talking about?

[blocker3]

Space X, Dropbox, Square and Fab

Good information bonne. Cheers

[Harvey Specter]

Space X, Dropbox, Square and FabNot sure about the first and the last.
Dropbox is great but faces lots of competition = Google, Microsoft, Apple, Box, Mega .... Those are not names you want to compete against and I am sure Amazon is in there as well given its large server farms (or it might just be the back end for some of these).
Square sounds great but has been copied all around the world, even BNZ has a copy for NZ which is far more advanced (hardware anyway, not sure about software).


Who is this sorehead people are talking about?Sorenson = Sorehead - some on this thread got a little pi$$ed off with him as he is holding down the shareprice by selling his shares at a 10x profit.

[jonu]

Not sure about the first and the last.
Dropbox is great but faces lots of competition = Google, Microsoft, Apple, Box, Mega .... Those are not names you want to compete against and I am sure Amazon is in there as well given its large server farms (or it might just be the back end for some of these).
Square sounds great but has been copied all around the world, even BNZ has a copy for NZ which is far more advanced (hardware anyway, not sure about software).

Sorenson = Sorehead - some on this thread got a little pi$$ed off with him as he is holding down the shareprice by selling his shares at a 10x profit.

I suspect there would be some amongst those who have moaned loudest that would sell their grandmother for a 10 bagger. As always,it's all about perspective:cool:

[Harvey Specter]

a little? he's pissed off many with Seadragon shaming him in a recent announcement as well as Handley having to face a constant barrage from SNK shareholders why the SP was tanking!Was just stating the facts. Didn't cast judgement on whether those are rightly or wrongly annoyed.

Personally I just find it interesting that he is dragging it out like this. If he had let the SP rise, he might have been able to get an Insto to take him out.

[J R Ewing]

Was just stating the facts. Didn't cast judgement on whether those are rightly or wrongly annoyed.

Personally I just find it interesting that he is dragging it out like this. If he had let the SP rise, he might have been able to get an Insto to take him out.

An insto with a short memory. One that doesn't remember PlusSMS etc...

[gv1]

Which chart do you use mossie

[gv1]

Thanks mate. when do you think reports will be coming out?

[winner69]

Nice big blue hammer on the charts yesterday, a sign of good things to come today. slow and steady up...

'Big blue hammers' on SNK chart recently seems to b a prelude for some down days

[see weed]

Thanks mate. when do you think reports will be coming out?

Snakk haven't released a date yet. They are making sure that their revenue recognition is correct. The Snakk team has been extremely busy and I would expect a positive reaction from investors and the market.

[gv1]

as per previous posts, next monday
Sorry, thanks mate. Hope things are looking good?

[see weed]

let's just say I'm very confident of a good result :)

Likewise, agree fully Moosie. If you are ever in Auckland I'll take you to the "Zoo Keeper's Son" for a couple of beers to celebrate , what ever happens, and any body else who wants to join.

[ari]

Likewise, agree fully Moosie. If you are ever in Auckland I'll take you to the "Zoo Keeper's Son" for a couple of beers to celebrate , what ever happens, and any body else who wants to join.
Had not heard of that establishment, so had to Google, and I go past it often, will have to try. Luv the roundabout, when I haven't got the nerve to tackle it in peek traffic anymore, it might be time to stop driving!!:-)

[ari]

Welcome Ogg...I do hope you are right!

[blocker3]

Hey Guys, I'm new here. First post but I've been lurking here for months.

I previosuly invested in MBE, and had MKBOA oppies at 3 cents, (sold for a measly profit tho)! I also bought XERO at $1.8, again sold for a measly gain so still need my day job!

I really think this is the next big thing. I transfer all my aussie dollars and loaded up on SNK at 10 cents. Thanks Sorehead.

I like the Snakk brand. I think branding goes a long way in an industry such as this.

P.S. I was the one who created the wiki page, :t_up: http://en.wikipedia.org/wiki/Snakk_Media

Good luck to all.


Welcome aboard Ogg. Interesting times ahead of Snakk. We are all watching this space at the moment.
Cheers

[blocker3]

My last top up just went through at 12.7c. Maybe a little high but my last offer of 12.2c was sitting in the water like a dead duck for all of last week.
I am now ready for the Q2 result.

[baller18]

Deja vu? Sounding exactly the same as like 4-6 months again...
What has changed? Just because sorehead sold out? It has changed the fundamentals of the company???

[goldfish]

My last top up just went through at 12.7c. Maybe a little high but my last offer of 12.2c was sitting in the water like a dead duck for all of last week.
I am now ready for the Q2 result.

Im still waiting at 12, thats high enough for me after buying lots lower thanks to sorehead.

Baller18...Big seller selling at any price leaving the market along with high growth is a good thing, how can one not be a little excited about the possibilities.

[J R Ewing]

Deja vu? Sounding exactly the same as like 4-6 months again...
What has changed? Just because sorehead sold out? It has changed the fundamentals of the company???

What's changed? I would assume all of the true believers have taken the chance to double down at some point in between 7c and the current sp. Courtesy of the much maligned Sorehead. Now stand back and let's see if this pig has wings!!

As for me, I've been too busy watching the action on my Chorus shares to put anything into this one.

[ari]

Bet Snakk have watched this.......http://video.bobdylan.com
Amazing technology

[blocker3]

I see Twitter is talking about a Handley Pre-IPO IIiad fund that is in the NBR paper today. I am not subscribed to NBR. Can anyone tell me in a couple of sentences whats going on please. Cheers

[blah]

I see Twitter is talking about a Handley Pre-IPO IIiad fund that is in the NBR paper today. I am not subscribed to NBR. Can anyone tell me in a couple of sentences whats going on please. Cheers

In short, the NBR story says that Handley's Iliad fund is doing well and Handley wants to make it easier for NZers to invest in pre-IPO tech companies that are in their early stages, eg Twitter pre-IPO. The fund is small (7 figures with less than 20 investors) and he is looking at "some new market the NZX is talking about" (not sure what that is exactly - perhaps someone can enlighten me) and perhaps crowd-funding for more funds.

The Iliad fund has had a stake in Facebook; currently has Twitter; is looking at SpaceX, Dropbox, Square and Fab.

[blocker3]

In short, the NBR story says that Handley's Iliad fund is doing well and Handley wants to make it easier for NZers to invest in pre-IPO tech companies that are in their early stages, eg Twitter pre-IPO. The fund is small (7 figures with less than 20 investors) and he is looking at "some new market the NZX is talking about" (not sure what that is exactly - perhaps someone can enlighten me) and perhaps crowd-funding for more funds.

The Iliad fund has had a stake in Facebook; currently has Twitter; is looking at SpaceX, Dropbox, Square and Fab.


Thank You for the information blah. Much appreciated. Cheers

[Harvey Specter]

and he is looking at "some new market the NZX is talking about" (not sure what that is exactly - perhaps someone can enlighten me) and perhaps crowd-funding for more funds.Tim Barnet hinted that he is looking to open a new exchange that sits under the NZAX. I think the idea was that the small unlisted tech co's could list with limited/no disclosure so that it would provide liquidity for the likes of their employees who may have received stock options. Similar to secondmarket in the US?? Not sure if it would only be open to accredited investors.

Crowd funding rules are also opening up next year though not sure on the impact at the moment.

[blocker3]

As long as the current tech boom keeps up, those IPOs are pure gold for those who invest before listing.

Yes Moosie so true.I agree. So will you have your hand up if there is a IPO?

[blocker3]

Tim Barnet hinted that he is looking to open a new exchange that sits under the NZAX. I think the idea was that the small unlisted tech co's could list with limited/no disclosure so that it would provide liquidity for the likes of their employees who may have received stock options. Similar to secondmarket in the US?? Not sure if it would only be open to accredited investors.

Crowd funding rules are also opening up next year though not sure on the impact at the moment.

Good Information as well Harvey.Cheers

[blocker3]

Our big buyer is still very keen on snaffling up shares at 13 and below. I think Sorenson has run out of shares and left his previous parcels on market to be bought up as the price rises. I can see consolidation today, but if our big buyer is keen to load up further before Monday they may start paying a premium as selling slows. SP has been running with the 5day MA for awhile now and is right on meeting it so Monday might be a case for a new uptrend forming at a steeper rate. if not, crossing below it may mean consolidation for the near-term.

Great sum up Moosie Cheers.I hope you are right that Monday is the day.

[Longhaul]

Bingo!(right day, just a week off; so sue me!)

https://www.directbroking.co.nz/DirectTrade/dynamic/announcement.aspx?id=3493615

Can't view it :(

*nevermind on NZX

[gv1]

Can't view it :(

*nevermind on NZX
Interim results coming out on 2 dec.

[blocker3]

Ok Question... Why are they on 2 December releasing the 6 months ending 30 Sept 2013.

That is Q3.

Why Q2 and Q3 together?

Why did we not get Q2 beforehand..............

[jonu]

Ok Question... Why are they on 2 December releasing the 6 months ending 31 Sept 2013.That is Q3.

Why Q2 and Q3 together?

Why did we not get Q2 beforehand..............

Are you taking the proverbial?

[Harvey Specter]

Ok Question... Why are they on 2 December releasing the 6 months ending 31 Sept 2013.That is Q3.

Why Q2 and Q3 together?

Why did we not get Q2 beforehand..............Financial year is from 1/4/XX to 31/3/XY so Q1 is 3 months to June, Q2 is 3 months to September.

You are thinking of calendar year, not financial year. (note US normally align financial year with calendar year but we dont in NZ, presumably because accountants prefer to be lying on the beach in early Janurary).

[blocker3]

Thank you for your reply Harvey. I got a little mixed up. The way you explained it makes good sense now. Cheers

[blocker3]

Last open question please.

Will there be a increase in the share price from now to 2 Dec in anticipation...?

[clip]

That's the million dollar question innit :)

[TimmyTP]

Last open question please.

Will there be a increase in the share price from now to 2 Dec in anticipation...?
If you can predict the rainfall in Wellsford this Saturday morning to within 1mm, I will get one of my very well educated friends to give you a prediction on that with a confidence interval of just ±0.50 by 10am Monday.

[blocker3]

Not bad Timmy LMAO. :eek2: Cheers

[Harvey Specter]

That's the million dollar question innit :)Depends how many shares you have really.

[ari]

If you can predict the rainfall in Wellsford this Saturday morning to within 1mm, I will get one of my very well educated friends to give you a prediction on that with a confidence interval of just ±0.50 by 10am Monday.
Prediction +/- 1mm.... in fact there will be no rain in Wellsford this Sat

[clip]

Depends how many shares you have really.

Or how much the bank will give you :)

[whatsup]

If you can predict the rainfall in Wellsford this Saturday morning to within 1mm, I will get one of my very well educated friends to give you a prediction on that with a confidence interval of just ±0.50 by 10am Monday.



Timmy, first of all one has to guess that there WILL be rainfall this Saturday , that known the rest is easy!~

[TimmyTP]

I should reveal that I have loaded the dice, by booking in the shearers for Saturday morning :p

Then again, I don't live in Wellsford...



Edit: apologies for the distraction, sure you are all keen to get back to discussing Snakk's competitive advantage, size of their moat, etc

[see weed]

Short-n-Sweet.....Snakk sp...14/10/13= .07c.......... 22/11/13=.129c....which is =aprox 84% gain, if you were in the sevensies club.

[ari]

Could be interesting Monday, for all those who have been watching from a distance. Possibly last chance to hop on board at these prices.....

[goldfish]

I think its going to be a good week for snk, all indicators are saying its going to go up this week leading into the results on monday. Gluck to holders.

[etrader]

I think its going to be a good week for snk, all indicators are saying its going to go up this week leading into the results on monday. Gluck to holders.

Hi Goldfish: Take it from above Monday week the results are due ? Trust it was a strong 2nd quarter and they are on target for $6 mill for year end in sales.

Still no news on what they intend doing with the $6 mill they raised some time ago.

Certainly they are in the right space just the overhang of those larger holders who paid .009c a share once they clear off SNK can get back to allowing the market to price it accordingly.

[gv1]

Just patience with good co's

[chad321]

I bought in at 13.5 cents right after the SPP, and held on for dear life as it plummeted and eventually made it to around 7 cents. Now it has thankfully made it back to where I started. Things do seem really bright at the moment. Ranked 6th in the top 50 growth companies for NZ. Results due out next Monday and I'm thinking the plans for possibly venturing into Asia may be coming early next year? I am really tempted to buy back in around this price. What are some of your thoughts? I would be horrified to see it head south again. But I'm hoping the reason that happened in the first place is now gone since some of the big guys have got rid of all or most of the shares that they managed to get a hold of at very cheap prices.

[Harvey Specter]

I am really tempted to buy back in around this price.Why? Does it look more attractive than it did at 7c? Why didn't you buy then - I dont hink there has been any news since then.

[chad321]

Why? Does it look more attractive than it did at 7c? Why didn't you buy then - I dont hink there has been any news since then.

It had been heading in that direction for a long time. Getting ranked as the 6th fastest growing company in New Zealand is very positive, even if they are small time. I was pretty impressed with the financial results that they posted at their AGM and have a feeling we're going to see good results next Monday also. If the share price really did fall because of large players offloading shares that they obtained at very cheap prices, and they really have exhausted the majority of those holdings, that can only be good news.

I'm simply thinking about re-entering SNK and am wondering what others think about how SNK are looking at the moment in their own opinions.

[gv1]

looks like good results, sp hit 13.8

[Harvey Specter]

I'm simply thinking about re-entering SNK and am wondering what others think about how SNK are looking at the moment in their own opinions.Looks promising and have got in recently myself. But if I was in earlier, I would have been looking to double down as it started rising from 7c as you already had confidence in the company from your earlier investment.

[whatsup]

sorehead has left the building.

No Im still here and a BIG holder !

[gv1]

Must be scratching the head for selling so cheap!

[Longhaul]

I'm simply thinking about re-entering SNK and am wondering what others think about how SNK are looking at the moment in their own opinions.

I think SNK are going to build some solid momentum, and given the growth in the industry their revenues should grow considerably over the next 5 years if they execute well. I'm happy about averaging down on my initial holding when the SP was at 10c recently and if I had another few thousand that didn't have a better home I would probably add to my SNK holding again.

[Longhaul]

WOW (that's all I have to say).

think we may be seeing an inflow of quick money traders today as well as other tech stocks go flat or decline.

What does the market know that we don't??

[whatsup]

Must be scratching the head for selling so cheap!

Not with 10's of millions !

[Bilbo]

WOW is right. I'm finally in positive territory on this one :) Wish I had bought more when it was low, but was cautious after the history of this stock. Not sure whether to top up now or wait until the results. Looking at how BLT ran up before the result announcement and then fall back after what I thought was a positive results release, makes me wonder what sort of result is being expected for SNK and how the market will receive it.

Might go back and look at accumulating more DIL as that is the only holding of mine in negative territory now.

[goldfish]

Looks like i was right, i didnt think it would hit 15 today though, wonder where it could be by friday? 20+ maybe

[ari]

No Im still here and a BIG holder !
I suppose it depends where your perspective sits.............

[gv1]

today.. guess then you are expecting sp around 20+. Good co.

[jonu]

Our big lot buyer is still keen. that article I posted must be bringing in some serious buyers as good results are expected. how could you not be a growth company in this environment?

Disc - holding and added to it today.

Around a 1/4 of todays volume has been me trading in and out Moose. Thanks for the ramping, but you can stop now as I want to buy back in

[jonu]

Maybe 20 cents after a good report before end of year. not toosoon I hope, slow and steady climb is good :)

remember, once we hit 20 cents we start trading in .5 increments, not .1's

Moosie, enough already, I still haven't bought back in

[jonu]

you're a pretty keen little buyer there chopping and changing bids constantly if what you saw is true ;)

I filled a large order on opening and was out before mid-day. I have no bid at the moment. I am saying this to merely highlight that so many of your (always courteous ) comments are complete speculation.

[gv1]

Maybe 20 cents after a good report before end of year. not toosoon I hope, slow and steady climb is good :)

remember, once we hit 20 cents we start trading in .5 increments, not .1's
Yes, after the report moosie. Good to see you back.

[goldfish]

I had to laugh at this, really says it all for this thread I'm afraid, has to be the worst on sharetrader. So far today we have had a total of $150,000 worth of shares traded. I tiny amount and nothing to get at all excited about in my view.

Really, im sitting on 7k profit in a month so if this is the worst, please point me to the best.

[jonu]

Really, im sitting on 7k profit in a month so if this is the worst, please point me to the best.

I think black knat is refering to the quality of the postings. By the way, if the 7k is only a book profit, a bird in the hand....

This could either way after the report. I genuinely hope for those longterm holders that it is up, I just wouldn't count on it.

[baller18]

The postings has no analysis of the company at all, regardless if its bad or good... Nothing!
Think that is what black knat if referring to

[J R Ewing]

The postings has no analysis of the company at all, regardless if its bad or good... Nothing!
Think that is what black knat if referring to

To be fair baller18, it is pretty hard to do analysis of the company due to the almost complete lack of information, prospectus, forecasts, results etc. So in that vacuum we are all free to speculate!

[goldfish]

Oh ok, sorry i read it wrong, my mistake...theres lots of posting earlier about the company and the industry its in, i guess we are just waiting to see the results in the quarterly.

[jonu]

What concerns me, and I've mentioned previously, is why 2 cornerstone shareholders wanted out at almost any price? There has been little analysis of this, just pleas for them to hurry up and get out. I've made money out of this stock, I might make some more, but I don't believe in it.

[Harvey Specter]

Do you really need to ask why Sorenson bailed? SeaDragon has included their reasons for exiting on multiple occasions.I think the second is the business bakery. Didn't they sell some earlier on. Do they still hold?

SeaDragon still hold some but have disclosed they are holding out for a higher price. Note they are doing a capital raising shortly so it does question why they are going to shareholders when they have an asset held for resale.

[jonu]

Do you really need to ask why Sorenson bailed? SeaDragon has included their reasons for exiting on multiple occasions.

I agree, don't fall in love with a stock though.

Both parties bailed because they thought their funds were better invested elsewhere. Isn't that a tiny bit concerning?

[gv1]

Both parties bailed because they thought their funds were better invested elsewhere. Isn't that a tiny bit concerning?
What's wrong with that. Infratil sold out of Akld airport at 1.80. That doesn't mean aia wasn't a good stock.

[Copper]

Both parties bailed because they thought their funds were better invested elsewhere. Isn't that a tiny bit concerning?

To me it's partly "the GRASS is always greener etc" and the other,"I need some money fast"

[In4a$]

To be fair baller18, it is pretty hard to do analysis of the company due to the almost complete lack of information, prospectus, forecasts, results etc. So in that vacuum we are all free to speculate!

I agree, still very much a speculative stock. I appreciate all the comments, positive, negative, speculative, helps me make a more "Informed" desision when comes to buying or not. currently wish I had brought more SNK at 0.09c. I have been reading the Sharetrader forums for the last 6 months and it has improved my profit, by makin better trades. Thanks to all those that participate, especially those that share their knowledge. :t_up:

[blocker3]

"remember, once we hit 20 cents we start trading in .5 increments, not .1's[/QUOTE moosie"]



I did not know that moosie. Cheers for that.

[goldfish]

The trend is my friend until we see those numbers, then analyse accordingly :)

Exactly, at the moment its upwards, until that changes ill stay in. Theres money to be made and im making it...good times.

[Copper]

Yes that was my point - just looking back through the posts on this thread it is many, many pages since anyone posted anything of substance about the business undertaken by the company - just endless speculation on the share price. I agree that what this company is doing is not easy to get a handle on, which no doubt explains the quality of the commentry.

What particularly tweaked my interest this morning was Moosie maintaining that .13 had been broken on large volume. By lunchtime this amounted to a messily $150,000 worth, 25% of which was apparently Jonu's trading. Today's 13%SP increase is really totally meaningless in terms of volume.

The trading today as mentioned ,between only a couple of posters reminded me of that old story of the trader who rang his broker and asked ,What can I buy X(SNK) at and the broker said seven cents.OK buy some. Next day he rang again with the same question,nine cents.OK buy some .This went on till the price reached twenty cents and so he gave in and rang the broker a last time and said...Sell my whole holding...The broker paused a while and then said ..Who to..You have been the only buyer....
Sorry for that but couldn't help it after a wine... Cheers

[baller18]

The trading today as mentioned ,between only a couple of posters reminded me of that old story of the trader who rang his broker and asked ,What can I buy X(SNK) at and the broker said seven cents.OK buy some. Next day he rang again with the same question,nine cents.OK buy some .This went on till the price reached twenty cents and so he gave in and rang the broker a last time and said...Sell my whole holding...The broker paused a while and then said ..Who to..You have been the only buyer....
Sorry for that but couldn't help it after a wine... Cheers
lol that's pretty funny...

[baller18]

So your pretty much saying, just hold anything that is in a high growth industry? Because they are going to have stellar results being in a high growth industry... Without quite understanding what it is they do... hmmm...
If your a trader, then I totally understand, but for investors? I think it is a totally different story.
We were just stating the fact, are they an advertising company or an APPs company?
This is what sharetrader is for, dissecting and discussing stocks...

[goldfish]

So your pretty much saying, just hold anything that is in a high growth industry?
No, buy and hold on the trend and hype, sell when its gone.
Edit: they say what they do on there website, its been stated what they do many times on here, i dont know why people keep asking.

[goldfish]

Yes I think that is what this thread comes down to.

And profit, well for those that bought in recently.

[Longhaul]

if you don't know what Snakk does, get on your computer and get on to that homework!

For those that prefer to wait for the movie rather than read the book, Derek Handley's and Mark Ryan's AGM presentations are on YouTube.

Derek - http://youtu.be/SNCLGBdGpQk

Mark - http://youtu.be/Jtj-6mgxNIw

[boofters]

I am in the I.T game, I also work for a large financial institution whoms CEO has just announced they are looking to shift advertising spend away from the traditional channels, as the prevalence of customer contact via mobile devices is now over 60% of all customer interactions.
I sort of get the gist of what Snakk are up to, which for my mind is "Offering the oppotunity to reach more customers than you would by traditional means alone by adding the delivery of campaigns to non traditional endpoints, and by the way if successful we will aso take a per click fee as well as a upfront one". Do I need to know the nitty gritty? No. High growth market and I trust Derek & co to manage it well, is enough for me. Simple. In for the long haul ..in this game I reckon thats about 12 months ;-)
Rgds

[see weed]

Short-n-Sweet.....Snakk sp...14/10/13= .07c.......... 22/11/13=.129c....which is =aprox 84% gain, if you were in the sevensies club.

Hmmm ..Up 108% now, better buy some more and catch up to Moosie.

[see weed]

Maybe 20 cents after a good report before end of year. not toosoon I hope, slow and steady climb is good :)

remember, once we hit 20 cents we start trading in .5 increments, not .1's

When will it start trading in 1c increments?

[blocker3]

I am in the I.T game, I also work for a large financial institution whoms CEO has just announced they are looking to shift advertising spend away from the traditional channels, as the prevalence of customer contact via mobile devices is now over 60% of all customer interactions.
I sort of get the gist of what Snakk are up to, which for my mind is "Offering the oppotunity to reach more customers than you would by traditional means alone by adding the delivery of campaigns to non traditional endpoints, and by the way if successful we will aso take a per click fee as well as a upfront one". Do I need to know the nitty gritty? No. High growth market and I trust Derek & co to manage it well, is enough for me. Simple. In for the long haul ..in this game I reckon thats about 12 months ;-)
Rgds


A very good read of your posting boofters. Comments such of yours are great feed backs from the industry. Cheers for that.

[False Profit]

I am in the I.T game, I also work for a large financial institution whoms CEO has just announced they are looking to shift advertising spend away from the traditional channels, as the prevalence of customer contact via mobile devices is now over 60% of all customer interactions.
I sort of get the gist of what Snakk are up to, which for my mind is "Offering the oppotunity to reach more customers than you would by traditional means alone by adding the delivery of campaigns to non traditional endpoints, and by the way if successful we will aso take a per click fee as well as a upfront one". Do I need to know the nitty gritty? No. High growth market and I trust Derek & co to manage it well, is enough for me. Simple. In for the long haul ..in this game I reckon thats about 12 months ;-)
Rgds

Tell that to Warren Buffett. "Only buy something that you'd be perfectly happy to hold if the market shut down for the next 10 years."

I've always found this quote rather chilling for some reason...Zombie attack etc...

[Copper]

I see MBE has a trading update.I recently sold wih a good gain but figures wouldn't attract me back at this stage.Any others got a comment as they are in this space.....

[goldfish]

Indeed moosie...
Looking like another good day for snak so far, high of 15.3 and a big lot at 15 got taken out easily, going to be a great week for holders.

[goldfish]

You prefer a slower rise ?

I was surprised how quick the 700000 odd at 15 got taken out.

[Scottman]

day traders ?

[croesus]

Well that's approx. 100% gain in little over a month. Very impressive ... shame is I currently have none.

Just a note for the long term SNK followers of this thread, some months ago I had a wager with Moosie re the share price ... Well today I was paid in full with a Brown Brothers 2011 SHIRAZ.... Thank you Moose, and good to meet you after our parrying on Sharetrader.

Regards Croesus.

( Have removed some venision backsteaks from the freezer ... to go with the Shiraz tonight. Thanks again )

[chad321]

Just a note for the long term SNK followers of this thread, some months ago I had a wager with Moosie re the share price ... Well today I was paid in full with a Brown Brothers 2011 SHIRAZ.... Thank you Moose, and good to meet you after our parrying on Sharetrader.

Regards Croesus.

( Have removed some venision backsteaks from the freezer ... to go with the Shiraz tonight. Thanks again )

Haha brilliant. So who's arranging the SNAKK shirts for next week that were discussed many months ago? ;)

[blocker3]

Interesting pattern over the last few days.

1000 hrs Market opens
1200 hrs Market hits best price for the day --Best time to sell if you are a day traders
1640 hrs Market hits lowest price for the day-Best time to Buy for investors and traders

[goldfish]

A little disappointed at what it closed at, i was hopeing for a 15 end of the day. Expecting another similar day tomorrow then maybe higher closing thu and fri in expectation of monday.

[see weed]

OK I will have a go also 16c on 31.12.2013......48c on 31.12.2014.

Anyone else.....

Good prediction Blocker from listing 2565. 1c to go . Mine was 17c and 49c .

[see weed]

Interesting pattern over the last few days.

1000 hrs Market opens
1200 hrs Market hits best price for the day --Best time to sell if you are a day traders
1640 hrs Market hits lowest price for the day-Best time to Buy for investors and traders

Spot on. I bought some more mid dayish yesterday @ .151c. Will be buying more before end of week. Do'nt mind if sp goes down a bit. This train has already left the station at platform 7c and believe it is heading north to pick up more pasengers. We have to stop at platform 15 and 16 to let a couple off for a breather and glass of water.

[silu]

Thanks to Snakk my (newly re-arranged) NZX portfolio is in profit for the first time in two months.

[ari]

We have to stop at platform 15 and 16 to let a couple off for a breather and glass of water.
I'm stayin on board and lining up the beers!!

[blocker3]

Spot on. I bought some more mid dayish yesterday @ .151c. Will be buying more before end of week. Do'nt mind if sp goes down a bit. This train has already left the station at platform 7c and believe it is heading north to pick up more pasengers. We have to stop at platform 15 and 16 to let a couple off for a breather and glass of water.


Thanks for that see weed It was a 31 Dec prediction so I could still be short (I hope). A nice way of putting it what thing are going on. Last week it was Snakk AIR. Cheers.

[see weed]

I'm stayin on board and lining up the beers!!

Warning...Party police, party pooper at platform 15 with 485,000 spare seats.:eek2:

[Copper]

Warning...Party police, party pooper at platform 15 with 485,000 spare seats.:eek2:

Early single sale of 250000 at 15.... Points to a larger guy unloading some or the elephants tidying up.Just seem to be there at 15 in the background....

[goldfish]

Warning...Party police, party pooper at platform 15 with 485,000 spare seats.:eek2:

Yes, not what i wanted to see.

[Copper]

Well that's approx. 100% gain in little over a month. Very impressive ... shame is I currently have none.

Just a note for the long term SNK followers of this thread,
some months ago I had a wager with Moosie re the share price ... Well today I was paid in full with a Brown Brothers 2011 SHIRAZ.... Thank you Moose, and good to meet you after our parrying on Sharetrader.

Regards Croesus.

( Have removed some venision backsteaks from the freezer ... to go with the Shiraz tonight. Thanks again )

If it is not a rude question how do u cook your venison backsteak as I have at this moment been presented with some in exchange for some whitebait.Your post made me jealous also like Moosie the other day.Any comment appreciated.
Kind regards
Copper....

[Copper]

I eat a heap of venison and the best way to cook it is not to slice it into steak first but cook it in one piece.
fry it hard and fast for 2-3 minutes on both sides then into the oven at 175 degree's.
I probe it with a temperature gauge and as soon as the middle of the meat reaches 58 degree's it is medium rare (every time) take it out of the oven and let it sit for 10 minute's then carve and serve.
YUM YUM YUM this will be the juiciest steak you have ever eaten.
PS to late if it is already sliced up before cooking.

That's stunning...Many tks .Will do exactly that....Copper.

[gv1]

Oh, well lost the patience and sold out. All the best holders.

[gv1]

Thanks matey, will see what the reports say. Its a good co but have to park the money somewhere else. Not much of profit, as bought before the capital raising.

[croesus]

Cooper.... havnt tried Snapti s method... but my favourite is back steaks ( 2 long pieces that run either side of the back bone...) depends on the age of the animal ( ie a old stag shot in the roar ( rut) Easter time would be a lot tougher then a fat yearling shot in December.

If a yearling... I would slice the steaks about the thickness of my little finger... add a shake of garlic salt... then cook very quickly on a very hot pan, flip only once, sear the meat ( so pan has to be HOT.. not much cooking oil... maybe 20 sec each side.. so still pink in the middle... great with a salad... or if in the ranges.. with Mustard and fresh bread and butter

[Copper]

Cooper.... havnt tried Snapti s method... but my favourite is back steaks ( 2 long pieces that run either side of the back bone...) depends on the age of the animal ( ie a old stag shot in the roar ( rut) Easter time would be a lot tougher then a fat yearling shot in December.
v
If a yearling... I would slice the steaks about the thickness of my little finger... add a shake of garlic salt... then cook very quickly on a very hot pan, flip G once, sear the meat ( so pan has to be HOT.. not much cooking oil... maybe 20 sec each side.. so still pink in the middle... great with a salad... or if in the ranges.. with Mustard and fresh bread and butter

Great.. Many tks. Hope enuf for both .

[jonu]

Moosie is of the opinion the market, or a very big buyer, knows something we don't. this buying is absolutely relentless and the buyer will not let the price fall...

This could take a knock late today if there are daytraders caught. Bids are thin and some heavy traffic above.

[blocker3]

Interesting pattern over the last few days.

1000 hrs Market opens
1200 hrs Market hits best price for the day --Best time to sell if you are a day traders
1640 hrs Market hits lowest price for the day-Best time to Buy for investors and traders


The above share trend spotting was proven wrong today, but that's OK .At the full time whistle the price went up to 15c. I am glad that the stock has not gone silly at this stage before next Monday.

At 15c Snakk is now in the valuation band of 14c-17c. I am sure the valuation will be updated next week also or shortly after the Q2 announcement.

[Scottman]

Yes indeed quiet moosie. Thought it would be a bit more frenzied again today. I see Tuesday was a huge day for the NXZ. Biggest ever.

[jonu]

This thread has gone curiously quiet?

[Scottman]

Having a down day I guess.

[Scottman]

Oh I see. Why is that ? Missed the dam boat when it was in the 60s. Couldve kicked myself to death. Had it on my to investigate list but never got it. Then bang just when I was going to do some research it shot up.

[Harvey Specter]

Everyones PEBing it up


Oh I see. Why is that ? Missed the dam boat when it was in the 60s. Couldve kicked myself to death. Had it on my to investigate list but never got it. Then bang just when I was going to do some research it shot up.
NZX only seems big enough for one hot play a day. Last week it was BLT, then SNK, now back to PEB.

[blocker3]

Some ruthless profit taking going on. ah well, had to happen at some point. waiting for Monday, ever so patiently:)


Also moosie I see that the Sell side has a lot of big single sells ready to go. Are the big boys selling for a reason apart from profit taking? Interesting.

[blocker3]

There's always profit taking on a 100%+ move, and the fact it is still illiquid and on the MZAX compounds any losses/gains. what has changed since yesterday? Nothing. Still a high growth stock in a higj growth sector. Let the nervous nellies sell, I'm confident :)


Sounds good to me .I can relax now .

I am still waiting for this Monday coming to say to my wife (as the TV add say's )"break out the good stuff".

[jonu]

Sounds good to me .I can relax now .

I am still waiting for this Monday coming to say to my wife (as the TV add say's )"break out the good stuff".

What did Indiana Jones always say? "I've got a bad feeling about this".

I didn't buy back in after Monday. Buyers thinning and subsequent price drop before the result. Could be nervous nellies, but go back and read the last rah,rah vague hooplah. No substance at all. So as Indy says "I've got a...

[whatsup]

This thread has gone curiously quiet?

jonu, punters all gone over to PEB.

[jonu]

jonu, punters all gone over to PEB.

Yeah, me too

[blocker3]

What did Indiana Jones always say? "I've got a bad feeling about this".

I didn't buy back in after Monday. Buyers thinning and subsequent price drop before the result. Could be nervous nellies, but go back and read the last rah,rah vague hooplah. No substance at all. So as Indy says "I've got a...

Lets see what happens Monday then -/ve or +/ve. Post to you then. Cheers

[Scottman]

If you are with them medium to long term and done your homework / research why be nervous.

[bottlerboy]

I have a feeling were going to have a big announcement early 2014. This run up cannot be due to quarterly growth alone with constant buying to boot...
Great ramping Moosie, keep up the good work!

(disc:hold a few SNK)

[jonu]

Great ramping Moosie, keep up the good work!

(disc:hold a few SNK)

Not real subtle is he? At least he sticks his colours to the mast, or on his antlers, or where ever.

[see weed]

There's always profit taking on a 100%+ move, and the fact it is still illiquid and on the MZAX compounds any losses/gains. what has changed since yesterday? Nothing. Still a high growth stock in a higj growth sector. Let the nervous nellies sell, I'm confident :)

Have to agree with you there Moosie. It is only up 100% for those and us who bought in at 7c. It is only up 16.5% from spp. Makes know difference to me. Just doing what i have been doing since April 2013, buy buy buy whether it is 7c,9c 11c 12c 15c . If sp gets to 30c or 40c or $1 might sell 10%. But surely not going to sell at 12c to 15c for a couple of cents profit.

[Scottman]

For a company that is the 6th fastest growing business, according to the Deloitte index, in the country surely we have to see serious action on the share price in 2014.

[blackcap]

For a company that is the 6th fastest growing business, according to the Deloitte index, in the country surely we have to see serious action on the share price in 2014.

Not necessarily. If the fastest growing company is also growing its expenses at a comparative rate its shareprice should decline. At the end of it all the free cash flows will determine what and where this company ends up as far as SP is concerned. I do not have an opinion on SNK either way but some people seem to think that growth is everything. Growth is good but EPS growth needs to follow and expenses growth needs to be mitigated or else you end up growing towards bankruptcy.

[chad321]

Hey moosie_900, just in case it takes you a long time to work this out yourself. Your inbox is full (so you can't receive private messages). :)

(Sorry about the unrelated post everyone else).

[J R Ewing]

It was the 6th fastest of those that entered, and the whole concept is hugely weighted in favour of start ups that work off a low base.

[Harvey Specter]

Not necessarily. If the fastest growing company is also growing its expenses at a comparative rate its shareprice should decline. At the end of it all the free cash flows will determine what and where this company ends up as far as SP is concerned. I do not have an opinion on SNK either way but some people seem to think that growth is everything. Growth is good but EPS growth needs to follow and expenses growth needs to be mitigated or else you end up growing towards bankruptcy.Have you heard of a company called Xero. It disproves your theory.

[Scottman]

thanks for that blackcap. Quite right of course.

[Harvey Specter]

Well, our big seller now is HPF. You cant blame them. The Business Bakery Boys would be having a very bleak christmas party if they only relied on MOA and Ecoya share gains.

[robbo24]

Don't blame thm at all!

I have some predictions come Monday...

SP goes up = Moosie: "I had faith all along, the results were bound to come given the increase in the market for mobile advertising."

SP goes down = Moosie: "I sold out on opening, guess Sorehead decided to sell down completely, dodged a bullet there!"

[see weed]

The Moose is holding strong :)

Same here. The gods must be crazy, just bought another 50 odd thousand.

[Copper]

The Moose is holding strong :)

Am watching at this moment a TV program on Animal Planet call. "MOOSE ATTACK."....is this an omen?..

[see weed]

Moosie, when will the q2 come out? Morning or afternoon. Do you think some of those big sell orders between .145 & .155 will disappear after the market closes?

[see weed]

most likely morning if on a Monday (breaks from Snakks tradition of late day reporting). I suspect most of those sells are HPF trying to sell down on the current info and numbers they have. when better ones are released, expect them to let the sp run again, they are not dumb (this is assuming we get a good result and price breakthrough of course!)

No worries, it will be a good result:). With the amount of shares traded in the last couple of weeks, and if it carries on , HPF will be out soon enough. Who knows, they may decide to keep a few million to keep their finger in the pie.

[blocker3]

9.40am Snakk update released. But ASB shows "Unexpected error"

Can some one help me here with the news Cheers



Wooo Hooo just got it . Great news 147% HY YOY growth....Reading it now in detail on the NZX

[clip]

go to nzx.com and read it there under announcements

SNK (https://nzx.com/markets/NZAX/securities/SNK) Snakk has 147% HY YOY growth; almost tripled Q2... (https://nzx.com/companies/SNK/announcements/244579) https://nzx.com/companies/SNK/announcements/244579
SNK (https://nzx.com/markets/NZAX/securities/SNK) Snakk Preliminary Interim Report Apr-Sept 2013 (https://nzx.com/companies/SNK/announcements/244580) https://nzx.com/companies/SNK/announcements/244580

[clip]

go to nzx.com and read it there under announcements

SNK (https://nzx.com/markets/NZAX/securities/SNK) Snakk has 147% HY YOY growth; almost tripled Q2... (https://nzx.com/companies/SNK/announcements/244579) https://nzx.com/companies/SNK/announcements/244579
SNK (https://nzx.com/markets/NZAX/securities/SNK) Snakk Preliminary Interim Report Apr-Sept 2013 (https://nzx.com/companies/SNK/announcements/244580) https://nzx.com/companies/SNK/announcements/244580

[Scottman]

excellent dudes, party on party on

[The Real Bud Fox]

Geez, revenue growth, at a high level, looks good.

[Blue Horseshoe]

Blue Horseshoe Love's Snakk Media.

[blocker3]

Geez, revenue growth, at a high level, looks good.


Finished reading it now. Looks good to me also.

[jonu]

Revenue growth is great. Less highlighted is loss growth (15.7%). I know growing companies burn cash, but if your revenue growth is in triple figures and the loss is still growing it's a bit of a worry.

[Danzx]

Looks like a match/open of 14.6....nil change so far.

[Danzx]

Looks like a match/open of 14.6....nil change so far.

Ok now volume picking up...match 14.8

i suppose most people have proper jobs and don't refresh the nzx news website every second....

[kizame]

That roughly rounds out to 6 million plus in annual revenue,it's only a little company,so where does that money go.
Surely at 6 million turnover there should be some profit.?

[Longhaul]

I suspect this will prompt a lot of new buyers to get in, so there should be a ground swell of demand. Happy holder here, strong growth in a fast growing industry makes for a good combo.

[Blue Horseshoe]

I hope the market is as enthusiastic.

The revenue growth has been well signalled and it might be a case of buy the roomer sell the news.

Nice to see the figures confirmed, long term holder, share price will have it's ups and downs, that's O.K.

[bonne vie]

That roughly rounds out to 6 million plus in annual revenue,it's only a little company,so where does that money go.
Surely at 6 million turnover there should be some profit.?

Quick analysis shows:
Direct Media costs are now 54.4% of revenue compared to 46.1% Sept 12. So greater revenue at the expense of margin? This I will assume will be come a high revenue low gross margin industry.

The profit will come when the over head expenses can be maintained and the economies of scale really kick in. This half the expenses have increased 60% while net revenue has increased 109.2% - all on the right track.

Based on the results - quick break even is:
Revenue $4068k
Net Operating Revenue $2213 (based on 54.4% same as this half)
However I would expect margins to further narrow - resulting in higher revenue required.

[kizame]

Quick analysis shows:
Direct Media costs are now 54.4% of revenue compared to 46.1% Sept 12. So greater revenue at the expense of margin? This I will assume will be come a high revenue low gross margin industry.

The profit will come when the over head expenses can be maintained and the economies of scale really kick in. This half the expenses have increased 60% while net revenue has increased 109.2% - all on the right track.

Based on the results - quick break even is:
Revenue $4068k
Net Operating Revenue $2213 (based on 54.4% same as this half)
However I would expect margins to further narrow - resulting in higher revenue required.

Thank you bonne vie, a bit more enlightning.

[bonne vie]

Looking at the financials one figure that looks a little out of synch is the Debtors and other receivables at $2089k. The report says April to July (assume this should read June) revenue $1220 and July - Sep $1800k = total $3,020. So based on this the debtors figures represent more than a quarters sales - why so slow at collecting or very generous terms, or is it revenue recognition timing (recognising whole say 3 month contract before service delivered?) Hope not another Diligent where accounts need to be restated at a latter date.
Would also be interesting to know the split of the revenue e.g revenue for initial advertising set up and revenue from the clicks on it - this is if my understanding of the business operandi is correct.

I appreciate it is Debtors and other receivables but wouldn't other receivables only be nominal.

[Hawkeye]

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11165688&ref=rss

[goldfish]

Great result, better then expected, I sold out and took profit as i expect sp to drift back down, and I had some great returns already in last two months, and especially with two big sellers still there, if they werent there i probably would have kept most of them. Looking to buy back in later on as always.
Good luck to holders...

[whatsup]

Someone is buying up HARD

1,000,000 just gone through, good sale at above ask pricing, hmmmmmm !

[silu]

Somehow miffed that a share I have zero emotional attachment in, have done next to no research & bought purely on a whim is now my top NZX performing stock. Well not really miffed ;)

[Snow Leopard]

Looking at the financials one figure that looks a little out of synch is the Debtors and other receivables at $2089k. The report says April to July (assume this should read June) revenue $1220 and July - Sep $1800k = total $3,020. So based on this the debtors figures represent more than a quarters sales - why so slow at collecting or very generous terms, or is it revenue recognition timing (recognising whole say 3 month contract before service delivered?) Hope not another Diligent where accounts need to be restated at a latter date.
Would also be interesting to know the split of the revenue e.g revenue for initial advertising set up and revenue from the clicks on it - this is if my understanding of the business operandi is correct.

I appreciate it is Debtors and other receivables but wouldn't other receivables only be nominal.

See also Trade and other payables.

Best Wishes
Paper Tiger

[bonne vie]

See also Trade and other payables.

Best Wishes
Paper Tiger

I am not sure if your remark means - take creditors into consideration or the creditors are equally out of synch.

Yes I had looked at Trade and other payables and they equally look high at $2260k or 58% of the total for the period. given Direct Costs $1645k and Operating expenses $2213k = total $3,858k. or 107 days turnover. There is cash in the Bank why are they not getting paid.

This may include a few too many assumptions but if you assume the Operating expenses/staff costs are the same each month at $369k and the trade and other payables are on 60 days terms (obviously wages are not) then the make up of the Trade and other payables is
Operating expenses $738k
Media payables $1522 92.5% of the total for 6 months - Are the Mediasuppliers giving Snakk great trade terms, or is there perhaps a lot of contras or ??.
Not sure what it all means - all I am saying is we know approx. 60% of the revenue was earned in the last quarter but the reported creditors appear to cover nearly the whole 6 months.

[robbo24]

I am not sure if your remark means

The Paper Tiger is enigmatic at times... Usually rearing its head to confirm a general "I told you so" sentiment...

[Copper]

interesting flurry of activity in the morning followed by total flatness. Seems the to sell is in the morning after everyone has grande triple espresso mochachino lattes!

People will read the papers today or the email we received today from the Company and that may bring a few buyers in the morning.The interesting one is if some peripheral institution has three committee meetings on the result and wants to dip their toe into the water. That may take a few days..

[blackcap]

Always a small panicker towards end of day to drive the price down on very low volume as well. Market dynamics are interesting on this one these days...

Its called "buy rumor, sell fact" and I believe that is the case right now. Interestingly there have been studies done on this phenomena and some interesting reads about it.

[robbo24]

Its called "buy rumor, sell fact" and I believe that is the case right now. Interestingly there have been studies done on this phenomena and some interesting reads about it.

How do you conclude that it applies here, blackcap?

[blackcap]

How do you conclude that it applies here, blackcap?

Just a hunch if you like, not saying I am correct or 100% certain. Just a hunch.

[robbo24]

Just a hunch if you like, not saying I am correct or 100% certain. Just a hunch.

I wasn't disagreeing with you just interested to know what you think :D

[zymwh]

That buyer is called the Fool of the day

[Harvey Specter]

buying a million shares in one go means they didnt earn their money being an idjit. theres a big shark lurking in these waters, surprised we havent seen an SSH yet...But if they had bought in 100,000, they probably would have paid less.

[see weed]

People will read the papers today or the email we received today from the Company and that may bring a few buyers in the morning.The interesting one is if some peripheral institution has three committee meetings on the result and wants to dip their toe into the water. That may take a few days..

Fully agree. Once the results are in the bussiness papers, every body will be triping over each other to get their slice of Snakk. Just like the doors opening at a Wal-Mart boxing day special......I hope. Just remember, it is only Snakk share holders pushing the price down, so why don't all 1200 share holders put an order to buy 4 or 5000 shares tomorrow, the surge might draw in more new share holders to pay even a higher price.

[blackcap]

[QUOTE=see weed;446488] Just remember, it is only Snakk share holders pushing the price down, /QUOTE]

And why would they be doing that with such a "great" result? Does make you wonder does it not?

[Balance]

Fully agree. Once the results are in the bussiness papers, every body will be triping over each other to get their slice of Snakk. Just like the doors opening at a Wal-Mart boxing day special......I hope. Just remember, it is only Snakk share holders pushing the price down, so why don't all 1200 share holders put an order to buy 4 or 5000 shares tomorrow, the surge might draw in more new share holders to pay even a higher price.

Results are out so official insiders can sell now.

[blocker3]

Originally Posted by jonu
What did Indiana Jones always say? "I've got a bad feeling about this".

I didn't buy back in after Monday. Buyers thinning and subsequent price drop before the result. Could be nervous nellies, but go back and read the last rah,rah vague hooplah. No substance at all. So as Indy says "I've got a...


Lets see what happens Monday then -/ve or +/ve. Post to you then. Cheers



jonu ...I sent you the above reply last week before the announcement today.The day started off well but fizzed at the end as the BULLS were pulled back to zero by the BEARS. I see it as a draw.Open to comments. Cheers

[Copper]

It will be interesting over the next day or two.In Aussy where we followed MNW. MKB and MBE and thought about SNK in that space the market has lost all it fizz.All are drifting.SNK better have a different following or we may be in for days of the posters here getting back to shares on issue and backdoor listings.I couldn't stand that again.......

[robbo24]

It will be interesting over the next day or two.In Aussy where we followed MNW. MKB and MBE and thought about SNK in that space the market has lost all it fizz.All are drifting.SNK better have a different following or we may be in for days of the posters here getting back to shares on issue and backdoor listings.I couldn't stand that again.......

I hope the broken record is off the turntable now too...

[Minerbarejet]

Great news. Today my snakk shares actually turned green for a few brief and wonderful moments. What an encouraging sign! At last after what seems like years in the wilderness, a glimmer of hope, a ray of light in the tunnel. Lets hope its the gravy train.
Cheers
Miner

[blocker3]

It will be interesting over the next day or two.In Aussy where we followed MNW. MKB and MBE and thought about SNK in that space the market has lost all it fizz.All are drifting.SNK better have a different following or we may be in for days of the posters here getting back to shares on issue and backdoor listings.I couldn't stand that again.......


I agree with you all the way on this posting you have made Copper.

[silu]

I also note that Kim Dotcom and Mr Handley are on a first name basis on Twitter. take from that what you will...

https://twitter.com/KimDotcom/status/398571085605515265

Derek is my only reason for holding this stock. The Cult of Personality.

[jonu]

Originally Posted by jonu
What did Indiana Jones always say? "I've got a bad feeling about this".

I didn't buy back in after Monday. Buyers thinning and subsequent price drop before the result. Could be nervous nellies, but go back and read the last rah,rah vague hooplah. No substance at all. So as Indy says "I've got a...


Lets see what happens Monday then -/ve or +/ve. Post to you then. Cheers



jonu ...I sent you the above reply last week before the announcement today.The day started off well but fizzed at the end as the BULLS were pulled back to zero by the BEARS. I see it as a draw.Open to comments. Cheers



Hi Blocker
See my earlier post today re results. As for the sp action, a draw seems a fair judgment imho, given that it closed unchanged. Could've been a lot more bearish except for the buyer that got all excited early after noon and bought 1 million and chased up the offers to do it. My gut feeling is the sp is hanging by a thread, and unless a consistent big buyer fronts, it will be south for a while from here, to maybe mid 12s. Nothing scientific about it, just my gut.

Margin seems to be a real issue despite impressive sales growth. I've run businesses of my own, and if I had 3 digit growth in revenue, I would expect an improvement in the bottom line, not a worsening. I would have thought this style of business would pick up new business for little in the way of input costs. Perhaps they are paying exorbitant commissions to their sales people.

Good luck with your holding. I'll continue to watch them

Regards

[blocker3]

Hi Blocker
See my earlier post today re results. As for the sp action, a draw seems a fair judgment imho, given that it closed unchanged. Could've been a lot more bearish except for the buyer that got all excited early after noon and bought 1 million and chased up the offers to do it. My gut feeling is the sp is hanging by a thread, and unless a consistent big buyer fronts, it will be south for a while from here, to maybe mid 12s. Nothing scientific about it, just my gut.

Margin seems to be a real issue despite impressive sales growth. I've run businesses of my own, and if I had 3 digit growth in revenue, I would expect an improvement in the bottom line, not a worsening. I would have thought this style of business would pick up new business for little in the way of input costs. Perhaps they are paying exorbitant commissions to their sales people.

Good luck with your holding. I'll continue to watch them

Regards


Hi jonu. Thank you for your reply and good open honest comments above.Reading posts like the one of yours gives myself a better understanding of the market and thus a better chance to make better decisions in the future.Cheers

Finally yes I concur its a fair draw.

[chad321]

Where to today guys? Everyone has had a chance to digest the report by now.

[robbo24]

Where to today guys? Everyone has had a chance to digest the report by now.

Good question - I guess it depends which headline you read from which source... "SNAKK LOSS WIDENS" or "SNAKK INVESTS FOR GROWTH" or "SNAKK TRIPLES REVENUE"

In my view they are all true statements. Short of any funny business I think in the mid-term SNK will keep growing.

[blackcap]

Good question - I guess it depends which headline you read from which source... "SNAKK LOSS WIDENS" or "SNAKK INVESTS FOR GROWTH" or "SNAKK TRIPLES REVENUE"

In my view they are all true statements. Short of any funny business I think in the mid-term SNK will keep growing.

A cynic would argue that it would be better for SNK to reduce growth and thus limit losses??

[robbo24]

A cynic would argue that it would be better for SNK to reduce growth and thus limit losses??

That cynic is not an investor in XRO, clearly!

[jonu]

A cynic would argue that it would be better for SNK to reduce growth and thus limit losses??

Same thought crossed my mind, but we musn't be cynical.:eek2:

[blackcap]

That cynic is not an investor in XRO, clearly!

No that cynic would happen to be short XRO. Just a quick note on the H/Yfor SNk. Anyone see the wage bill jump dramatically? Wonder who is being paid.

[robbo24]

No that cynic would happen to be short XRO. Just a quick note on the H/Yfor SNk. Anyone see the wage bill jump dramatically? Wonder who is being paid.

Comments to the NBR suggest growth related staff increases:


The company, which aggregates publishers' ad space on mobile devices and matches it to advertiser demand, is investing for growth, opening a New Zealand sales office, adding sales and operational staff in Australia and introducing new technologies. Snakk Media said it exceeded predicted industry growth rates for Australia and New Zealand in the first half and it expects to continue to outpace market growth in the second half as it aims to establish itself as the dominant local player.

http://www.nbr.co.nz/article/snakk-media-1h-sales-soar-bd-149473

[blackcap]

Comments to the NBR suggest growth related staff increases:



http://www.nbr.co.nz/article/snakk-media-1h-sales-soar-bd-149473

Cheers robbo, that explains it. :)

[robbo24]

And here comes the big sellers again - maybe Moosie's mate Sorehead is back!

[zymwh]

Perhaps the Fool of Yesterday wants to be out

[couta1]

Moosie looks like panic over at Dil, let them panic I'm going for a bike ride.

[Scottman]

What's going on 12.6. Geez. Someone said it might consolidate down.

[Scottman]

Holding strong here as well. I like the long term prospects so will go the distance.

[jonu]

Bought more. cheers to our big seller trying to get people to panic!

I thought you had given up catching falling knives Moosie.

[gv1]

Cautions to newbies watch and invest wisely.

[see weed]

Fully agree. Once the results are in the bussiness papers, every body will be triping over each other to get their slice of Snakk. Just like the doors opening at a Wal-Mart boxing day special......I hope. Just remember, it is only Snakk share holders pushing the price down, so why don't all 1200 share holders put an order to buy 4 or 5000 shares tomorrow, the surge might draw in more new share holders to pay even a higher price.

Sorry about that. I thought i heard a fire alarm, but was too busy to get to the fire exit. Could always buy some more at these levels.

[goldfish]

Hmm i didnt expect it to drop like this, i thought a bit slower, maybe time to look at getting back in already... I only got out yesterday lol... Will watch for a little longer i think.

[jonu]

and theres your massive 'saviour' buyer @12.6. like clockwork :)

Moose there are 3 buyers @12.6 for a total of 343k shares

[robbo24]

Moose there are 3 buyers @12.6 for a total of 343k shares

A nice juicy bullseye for a big seller...

[jonu]

if it stays up well have a nice big hammer formation for a rise tomorrow. Remember, buyers in big lots were willing to pay up to 15.5 the past week. All relative, remember the contecxt

Moosie it would appear to be you who is blind to the context.

[jonu]

Jonu, this isnt a pi $$ ing context between Snakk and VML. im sorry if I offended you on that thread but those are my views and im sticking to them. well see where this settles. no personal attacks please.

Moose out.

I'm not sure what prompted that Moosie. You talked about context. The context is post announcement the price has fallen. That is the context. Nothing personal and I don't know why you feel a need to raise VML...oops I just did

[couta1]

Surely Snakks worth holding until this time next year anyway if it goes up and down a bit so what you never know where it might head we may be all very pleasantly surprised,lets give it a descent chance

[jonu]

Surely Snakks worth holding until this time next year anyway if it goes up and down a bit so what you never know where it might head we may be all very pleasantly surprised,lets give it a descent chance

Is that descent a typo or are you having a laugh. Either way very funny

[blocker3]

Appears to be someone taking advantage of the thin buy side and fear to trigger panic sellers and stpp losses. holding strong :)

When I saw the graph of the sudden surge downward spiral today it looked to me as a international trader with a Dump,and was then ready for a pump. My thought were that someone was having a go at Snakk to trigger some stoploss activation's.

However I am some what confused as the volumes were very low in the free fall. Any inputs anyone of what actually happened here. Cheers

[Copper]

Just proves SNK is still relatively illiquid and prone to being controlled by one or two traders over the course of a day. Saw a nice big bounce off the 20 day MA as "panickers" sold. closed under the 10 day MA so it appears consolidation time is ahead. we've had a good run and im pretty happy holding until we see another upside :)

disc - still holding original amount after a few buys and sells over past few weeks

Seems to be symptomatic of this market.An unusual recent phenomenon in my opinion.It's a mirror image of what Xero does from time to time in a thin market.Everyone is hanging on for grim death in hope and all of a sudden it starts to rain and panic sets in.Usually settles down when reallity prevails.....

[ari]

New book about 50 influential NZ's........and he gets on the cover!
http://www.randomhouse.co.nz/books/ray-avery/the-power-of-us-new-zealanders-who-dare-to-dream-9781775530008.aspx
Missed that, not so new published 11/12!

[silu]

I saw somewhere Richard Branson and Derek being interviewed and RB didn't say a word for 2 minutes just listening to him talk. Purely anecdotal.

[see weed]

For the Snakk share holders....Life is full of ..Ifs... If Snakk had a take over offer, what would be your bottom dollar or cents? But remember once you have sold you can never buy back in. It's a hard one.:)

[Harvey Specter]

For the Snakk share holders....Life is full of ..Ifs... If Snakk had a take over offer, what would be your bottom dollar or cents? But remember once you have sold you can never buy back in. It's a hard one.:)Its in an industry that is easily disrupted or overtaken so any good offer would get a look in.

[blackcap]

At current rate, 10-15x forward revenue. Assuming $7M FY14, mcap average of $85M, 32 cents a share is fine by me :)


What are you on about moosie? Forward revenue? Never heard of that one before. What about forward FREE cash flows?

[Harvey Specter]

Also wondering why we only see huge trading during first thing in the morning and nothing else all day long. Only hours that match up with that are a North American buyer... Anyone else care to speculate?Tee off for golf at 11am? Probably have to settle for the driving range today though (if in Auckland).

[blackcap]

Seems HPF is the only one keen to sell down at any price right now. Huge gap between 13 and 14.7 on the depth chart. Illiquidity ahoy!

Makes me wonder if a) theyre selling down to finance another offering or b) to get the books in order and out of the red before year end.

Forward revenue is the forecasted revenue for year end. Might use a different word here Kiwiland :p

Thanks moosie, me just not comfortable with that type of valuation methodology. A lot happier with my namesakes after yesterdays effort. But 2 quick wickets this morning have made the match that much more interesting.

[biker]

Not just HPF. I lightened up at 13c first thing. Still not totally convinced about their model or about Handley.

[samshields]

What a day. PEB and SNK.
Stuff this - Im off to have a stiff drink.

[winner69]

back up to 13.2. WTF is goong on???

Hang tough moosie ....don't panic

those ones you filed your boots up with on Monday and the extra ones you bought yesterday - sold them yet?

[Scottman]

short termers far outweigh long termers combined with HPF selling , dumping through impatience with no appreciable rise in the SP. Am i right Moosie.

[Xerof]

Moosie, I don't mean to intrude, but Balance made it very clear a few days ago that insiders were now free to resume their selling. (locked out for info release)

I pesonally thought that was a very 'helpful' observation......what about you?