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  1. #31
    percy
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    [QUOTE=Lizard;374186]In my view, the spp was still dilutionary to valuation - although my valuation only fell 1cps to around 31cps.


    No dilution.Share Purchase Plan cancelled.

  2. #32
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    Sep 2009
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    Anyone still in this? Big hit today, saw one of the Hoopers buying on market last week- not large value however. No news of acquisition yet, general market sentiment not good I guess and the market probably factoring in the lower EBIT for FY12?
    4be

  3. #33
    percy
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    Quote Originally Posted by 4be View Post
    Anyone still in this? Big hit today, saw one of the Hoopers buying on market last week- not large value however. No news of acquisition yet, general market sentiment not good I guess and the market probably factoring in the lower EBIT for FY12?
    4be
    Was a bit surprised as I thought having raised money people would be looking ahead at the expansion they will be undertaking.I suppose this expansion will take time.With SP all over the place I will hold until more news from the company.

  4. #34
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    Sep 2009
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    Hopefully management provide some guidance shortly along with an update on their acquisition hunt. Technically the price has broken both trend lines on my chart and is under the 200 day moving average.

    http://afr.com/p/technology/it_swim_...LRH9Oid4M#none

    Good point in this article re management being able to implement the acquisition successfully.

  5. #35
    percy
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    christchurch
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    Quote Originally Posted by 4be View Post
    Hopefully management provide some guidance shortly along with an update on their acquisition hunt. Technically the price has broken both trend lines on my chart and is under the 200 day moving average.

    http://afr.com/p/technology/it_swim_...LRH9Oid4M#none

    Good point in this article re management being able to implement the acquisition successfully.
    Thanks for the link.Market judging they will do the wrong thing before they have done anything.!!!!!! I will give them a bit longer as I feel expansion into WA is the right move.I feel sure they will already be dealing with a lot of the firms in NSW.
    Last edited by percy; 28-06-2012 at 09:28 PM.

  6. #36
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    Quote Originally Posted by percy View Post
    Thanks for the link.Market judging they will do the wrong thing before they have done anything.!!!!!! I will give them a bit longer as I feel expansion into WA is the right move.I feel sure they will already be dealing with a lot of the firms in NSW.
    No worries, I hold too....just

  7. #37
    Share Collector
    Join Date
    Mar 2005
    Location
    Porirua
    Posts
    3,866

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    I still hold remainder after selling half earlier. No particular reason to hold at this time, but helps me keep it on watch as I figure there is a reasonable chance of it becoming a buy again in 6-9 months time.

  8. #38
    Share Collector
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    Mar 2005
    Location
    Porirua
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    Market update out today reported a small loss in 1st quarter, but lots of optimism based on increased value and volume of quoting activity... so probably buying opportunity still coming. Currently 16cps, but may well go lower.
    Last edited by Lizard; 24-10-2012 at 09:34 PM.

  9. #39
    percy
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    christchurch
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    Quote Originally Posted by Lizard View Post
    Market update out today reported a small loss in 3rd quarter, but lots of optimism based on increased value and volume of quoting activity... so probably buying opportunity still coming. Currently 16cps, but may well go lower.
    You could say "we are well positioned for the upturn".
    I recently read the printed copy of the annual report and thought all looked pretty good to me.

  10. #40
    Member
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    Feb 2003
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    , , New Zealand.
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    54

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    Anybody still following or holding?

  11. #41
    percy
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    Yes.
    Now a long term holder,ie a short term holding that did not work out.!!!! lol.

  12. #42
    Senior Member
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    Sep 2012
    Location
    Auckland
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    938

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    Percy, might be worth becoming a short term holder again if you aren't still a long term holder.

    I followed this company years back, it came onto my radar again a few months ago but I never followed up on digging into the details. Anyway finally did a couple of weeks ago and see that it has entered a growth phase with alternate revenue streams coming online (licencing their technology and product division - see us steel below). Also management is targeting to double revenue and this will significantly increase EPS as they have very good control on expenses.

    I've always thought they have had a good product, but they are now getting traction offshore and have growth in Aussie too. Management/founders still holds around 50% so its more like investing in a private company than the share market.

    Risks are downturn in mining sector, product division have won and are pushing into US steel industry with rollers (which basically thin/mould out the steel during manufacturing) - not sure how resilient the US steel industry is without trumps handy tariffs. Also key person risk.

    Financials - generating cash, cash flow +ve, profitable. Investing in growth, pays div
    Balance sheet - no debt, cash on hand.
    Forward PE around 10-12 if I remember my modest assumptions correctly.

    Anyway a long story short I should have looked a few month ago and would have a tidy return now, but had a good look the other day and i'm in now. I like the robustness of this company and the fact they really have a product that had worked for many years.

    Worth a look, 40mil market cap, could be significantly higher if plans play out, and they look to be working so far.
    Last edited by NZSilver; 16-05-2019 at 05:47 PM.

  13. #43
    percy
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    christchurch
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    Quote Originally Posted by NZSilver View Post
    Percy, might be worth becoming a short term holder again if you aren't still a long term holder.

    I followed this company years back, it came onto my radar again a few months ago but I never followed up on digging into the details. Anyway finally did a couple of weeks ago and see that it has entered a growth phase with alternate revenue streams coming online (licencing their technology and product division - see us steel below). Also management is targeting to double revenue and this will significantly increase EPS as they have very good control on expenses.

    I've always thought they have had a good product, but they are now getting traction offshore and have growth in Aussie too. Management/founders still holds around 50% so its more like investing in a private company than the share market.

    Risks are downturn in mining sector, product division have won and are pushing into US steel industry with rollers (which basically thin/mould out the steel during manufacturing) - not sure how resilient the US steel industry is without trumps handy tariffs. Also key person risk.

    Financials - generating cash, cash flow +ve, profitable. Investing in growth, pays div
    Balance sheet - no debt, cash on hand.
    Forward PE around 10-12 if I remember my modest assumptions correctly.

    Anyway a long story short I should have looked a few month ago and would have a tidy return now, but had a good look the other day and i'm in now. I like the robustness of this company and the fact they really have a product that had worked for many years.

    Worth a look, 40mil market cap, could be significantly higher if plans play out, and they look to be working so far.
    I sold nearly all of my holding last May to buy the new house,just a few months before they took off.!!
    I notice a couple of Aussie tipsters have written them up.
    I have been avoiding the Aussie small caps.Been concentrating on NZ yield stocks.
    I should have a bit of spare cash in a couple of months,so may look at them then.
    LBL have a divie reinvestment scheme.
    Last edited by percy; 16-05-2019 at 06:08 PM.

  14. #44
    Senior Member
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    Sep 2012
    Location
    Auckland
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    938

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    Ahhh I know the feeling, sold a bunch of a2 to buy a herd of cows a few years back.

  15. #45
    Senior Member
    Join Date
    Sep 2012
    Location
    Auckland
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    938

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    Has found new base around 38-40c, the more I look at this company the more I like. Comparing to other companies of similar size and prospects it should be prices at 50-60c. To me its the lack liquidity and high private ownership of founders/family which mean its under the radar. However in some ways these are very positive attributes in terms of management doing best for shareholders. The dividend should grow quickly with the growth, so even if the price dosn't end up reflecting the true value, yield should increase significantly.

    https://www.finnewsnetwork.com.au/ar...ork200973.html

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