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  1. #16
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    Quote Originally Posted by Joshuatree View Post
    Hope so too . Just in case I placed a lower buy as well like you BC but i don't like to telegraph it. Seems an insto or Individual is sticking to their game plan of moving funds elsewhere regardless..
    I think the opportunity to buy in the 5s may have passed. You may still get some in the 6s, but it wouldn't be too surprising to jump quickly to the 7s or beyond. Low liquidity means not too much stock comes on offer too often - Mr 5.9c was a significant irregularity (and significant opportunity for those who picked up stock)!

    You'll have seen the additional information about the recent contract win - over $1m in revenue for the first phase of the deal. Not too bad for a company with a market cap of only $6m or so. And deals of this magnitude tend to attract other large deals (assuming execution goes well, and we have no reason to doubt that it won't).

    Exciting stock to be part of (for those with a medium-long term outlook).

  2. #17
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    You're wrong wrong my friend I got my order @5.5c. You sounded good tho

    T/H today . buying another business.

  3. #18
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    Quote Originally Posted by Joshuatree View Post
    I got my order @5.5c.
    That's got to be good buying at 5.5c. Well done.

    It will be very interesting to see what the acquisition is, and how the purchase will be funded.

    I also hold a bit of CZI which coincidentally went into TH today as well, pending an acquisition announcement. Exciting week for me (potentially an expensive week if both companies want to fund via a capital raising!)

  4. #19
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    I thought the acquisition looked good. Not a lot of rush to buy - s.p. moved to 6.9cps on light volume.

    Only issue I see is that there may be some cash drain for a while, as probably require additional working capital. This may also increase the odds that the convertible note debt is converted rather than repaid.

  5. #20
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    Yep, I'm happy with the acquisition. Solid looking, complementary business with growth prospects. This stock flies under the radar so I'm not expecting a big reaction from the market. Reaction will come with consistent wins and corresponding improvement in financial performance.

  6. #21
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    Result looked on track to me and commentary is all solid, so not sure why this has slipped so far back again of late. Possibly just lack of liquidity and concern that the convertible note will still convert. Has been trading as low as 4.9cps, but currently at 7cps.

  7. #22
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    Yeah NPAT up 28% to $1.3 mill . cash $1.283 mill. Mkt cap now $6.9 mill. Great outlook. Only 125,000 shares thru today atp.S/P up 40% (2c)

  8. #23
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    Myself and a colleague sat down with the CEO and the then CFO a bit over 12 months ago. The reason we did was because the company had changed management and appeared to be headed in the right direction.

    I was very impressed with the new CEO Peter White. He had done a great job turning a huge cloister ****
    into a business that was scratching out a minimal profit. The plan for future was for a rollup in the sector. Now getting into a rollup in the early stages can be every rewarding so we left the meeting with the idea that we would be contacted if and when they needed capital and we would have a look at what they proposed.

    The concerns we had to look at if the needed capital were, 1) exposure to the mining sector 2) liquidity and 3) convertible notes.

    As it turned out they have only made a paltry acquisition since then that they funded that from cash so not sure where this company is headed.

    As for the 2014 accounts, sure they made $1.3M NPBT and they wont pay tax anytime soon, but nearly $1.1M of that profit was from government handouts in one form or the other so it actually wasn't a great result. The mining slow down has hurt them in 2014 for sure and that may hang around for awhile.

    Cheers
    Last edited by Westboy; 03-09-2014 at 08:36 AM.

  9. #24
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    Trading halt for another acquisition. Maybe this time?? Still at 7cps.

  10. #25
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    Have bought DLA Environmental, a 15 year old business @ 3 times Target EBIT of $918,000. S/P 7.4c. Great growth/feel good sector to keep adding to.
    Last edited by Joshuatree; 22-09-2014 at 07:02 PM. Reason: picked nose

  11. #26
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    Quote Originally Posted by Joshuatree View Post
    Have bought DLA Environmental, a 15 year old business @ 3 times Target EBIT of $918,000. S/P 7.4c. Great growth/feel good sector to keep adding to.
    Yep good little acquisition for them, and they are paying the right price, If they keep that up they have a high chance of pulling things off.....I don't usually like debt funded acquistions but with interest rates so low it makes sense as on a risk adjusted basis the cost for debt if far lower than cost of equity in this current crazy world!

  12. #27
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    I'm not sure what is holding the share price back. Maybe "overhang" from the convertible notes? Even allowing for convertible notes, this one seems a good prospect for a micro-cap in my opinion.

  13. #28
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    And its with Canterbury regional council here in lil old NZ


    Overview


    ASX AnnouncementAustralian Securities Exchange


    FIRST INTERNATIONAL CLIENT SIGNED FOR ENVIROSUITE



    • First international contract signed
    • Supports current technology commercialisation project
    • High potential for further international sales
    • Growing sales pipeline for EnviroSuite
      Pacific Environment Limited (ASX: PEH) is pleased to announce its first international sale for itstechnology product, EnviroSuite. The client is Canterbury Regional Council, based in Christchurch,which is responsible for servicing New Zealand’s largest Region.
      Pacific Environment’s CEO Peter White commented:
      “This is an exciting milestone for our technology and validates our current commercialisation projectthat will see a quantum leap in the performance, functionality, user experience and overall commercialappeal of the new cloud-based Software as a Service platform, EnviroSuite 2.0”.
      “In recent months we have seen a significant increase in the sales pipeline for EnviroSuite includingadditional potential overseas clients. Discussions have been held with potential channel partners
      in the USA, Asia and South American markets. We will be looking to progress further internationalopportunities as we near the completion of EnviroSuite 2.0 in early 2015”.
      See Appendix to this release for a summary of the current facilities served by, and market potential for,EnviroSuite – as well as a summary of the Canterbury Project.
    Last edited by Joshuatree; 01-12-2014 at 12:21 PM.

  14. #29
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    Yes, that was an interesting announcement, although reading the specifics of the application, I find it hard to see there being a lot of revenue in it for a single deployment - would think they would need quite a lot of contracts this size to build serious revenue from it.

  15. #30
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    Trading halt pending a significant contract announcement...

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