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snakecatcher

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Everything posted by snakecatcher

  1. In reply to: alonso on Thursday 14/08/08 10:14am i'm still a holder and will continue to hold.
  2. In reply to: alonso on Wednesday 30/04/08 09:39am Hey Alonso, Good to see a fund manager increasing their stake - it looks like the share price might be bottoming out - I have topped up my holding at a dollar as I think it is undervalued. I meant to ask who put out the buy recommendation you posted last time? Cheers Mike
  3. Yeah - no particular reason why this is sliding other than general malaise in the market. SFH continue to buy back stock and every time I go past one of their shops they seem to be busy but I guess we will have to wait until they give a trading update before we can expect any upward movement in the shareprice. If it goes much lower I'll be topping up my holding though.
  4. Yep - very happy to continue holding this stock. It has certainly turned the corner and there is a lot of potential upside.
  5. Be very interested to see what the results are like - should be out soon.
  6. snakecatcher

    MSP

    I see from today's announcement that the Monoco deal is back on - no mention of the $millions this deal was supposed to generate though.
  7. Yep - looking good. Now all we need is the SP up past 2.00
  8. In reply to: albion on Thursday 02/08/07 07:06am I agree Albion, the Subprime market is a very small percentage of the overall mortgage market in the US something like 1 or 2% but given the population of the US this translates into a sizeable chunk of cash which is "at risk". Having said that there are 98% of loans which are not subprime and not at risk but reporting this isn't sensational and doesn't sell newspapers. I would be interested to know what percentage of subprime loans are in default at the moment, 5%, 10%, 50%? This would give a clearer picture of the scale of the problem.
  9. Im getting the same message - they better get it sorted out soon
  10. snakecatcher

    MBL

    In reply to: Jay on Wednesday 01/08/07 03:31pm Yeah sorry should have been more specific in my post, what I mean't was that MBL itself didn't make an ASX announcement
  11. snakecatcher

    MBL

    They didn't announce it to the market via the ASX but it has widely reported in the press. see below for an example SYDNEY (Dow Jones)--Macquarie Bank (MLB.AU) said Wednesday it has no direct exposure to its two high-yield investment funds that have been adversely impacted by price volatility in the U.S. credit market. Macquarie had said earlier that two of its funds that were marketed to smaller investors could lose a quarter of their value, or more than A$300 million, according to a report on The Australian newspaper website. A spokeswoman for Australian Bank told Dow Jones Newswires that the bank has no direct exposure to Fortress Funds.
  12. snakecatcher

    MBL

    In reply to: Jay on Wednesday 01/08/07 03:07pm Now trading sub $74 - amazing what panic will do to the share price of a great company. They have no direct exposure to sub prime, are trading on PE multiple of around 13.4x current year earnings which is a discount to the rest of the market. The statement made at the AGM confirmed they had a record first quarter with strong prospects for 1H08. And the latest funds statement showed continued strong growth in its funds under management.
  13. snakecatcher

    MBL

    In reply to: david_j_c on Wednesday 01/08/07 11:04am I can't imagine that the loss or potential loss of some management fees from one or two funds is going to make much difference to MBL's bottom line. Sell off today smacks of panic and is a good buying opportunity in my opinion
  14. snakecatcher

    MBL

    IMHO MBL is cheap at these prices and has been oversold however if you think it has lower to go you can sell Aug $75 puts for around $1.50 which is a good deal
  15. snakecatcher

    MSP

    I agree with you Lizard another useless announcement, $200m revenue sounds great but not if your costs are $210m! Looks like the rest of the market feels the same way with the SP now up only slightly. I am still a holder though and hope that BQT will turnaround
  16. snakecatcher

    MSP

    Here is the announcement - lets hope it isn't another Monaco BQT launches landmark $AU 200 million Satellite program BQT Solutions Limited (ASX: BQT) is pleased announce the launching of its new satellite program that will provide (starting 2008) in excess of $AU 200 million in annual revenue once successfully implemented during 2007. The expected derived margin from this program will have a major impact on the value of BQT, which in turn will result in a fundamental transformation of the company. The current base of BQT’s security technology is now well established and the Satellite Division adds to the strength of the company. As a result of successful R&D co-operation with a major European Satellite technology institution (party to be disclosed once terms are finalised), BQT is pleased to announce its ground-breaking Satellite program (BQT SAT 1 and BQT SAT 2) which shall internally integrate the processes of designing, building, launching and operating LEQ (Low Equatorial Orbit Satellites) for real time surveillance applications. BQT will spin-off a company principally dedicated for the Satellite program and forecasts orders of up to 5 satellites in 2008 which will all be designed by BQT and partners. The first two satellites will be built for BQT by a world leading satellites manufacturer and will be ordered within the forecasted first quarter of 2008.The remaining three satellites will be built by BQT in its new plant which will be established in Europe. Commissioning of the plant will also be in 2008 with further updates to be disclosed to the market as development progresses. Negotiations for the first two satellite orders have commenced with semi governmental institutions. BQT expects order structure and technical specifications will be defined by the end of August. Confirmed orders and down payments are expected to be confirmed by November 2007. The BQT satellite program is the first outcome of BQT concluding its strategic review. This has been developed with BQT’s financial advisor Prime Asset Finance Ltd and will form an excellent foundation for future company growth. The new strategy will increase activity within the company’s core competencies in the application side of the security technologies which are driven by increasing global demand for higher security measures. Further updates shall be announced to the market as progress is made.
  17. Has anyone else noticed that option bids/offers do not update on watchlists? I often get situations where the watchlist is blank but the depth of market shows both bids and offers or alternatively you get prices on the watchlist that are old. Have emailed commsec a couple times about this but no real response as yet.
  18. snakecatcher

    MSP

    A big run in the SP and now a trading halt - interesting times ahead I think.
  19. In reply to: Riviero on Friday 20/07/07 07:02pm
  20. snakecatcher

    MSP

    In reply to: hey-ya on Thursday 19/07/07 01:48pm In answer to your question, yes you can see what any of the individual orders are by simply clicking on the line you are interested in. This expands the selection to show the individual orders. In the picture below I did this to show the indvidual buyers at 22 cents. Also if you have an outstanding order this shows up as an highlighted line so you can see exactly where you are. I use commsec as well as this is from their protrader package - take a look at the demo on the website. I am also hopeful some good will come out of BQT - been a long wait for me!
  21. snakecatcher

    MSP

    In reply to: hey-ya on Thursday 19/07/07 10:07am No problems telling you about this - If you use an online broker such as commsec / etrade etc you should be able to see depth of market information, some summarise this to only show the total number of shares at a particular price whilst others show the breakdown of each individual order. Attached is an example of what I mean - this is the depth of market info for BQT a few minutes ago showing that there are 2 buyers of the stock at 0.22 one for 200,000 shares and another for 10,000. On the sell side you have 5 sellers trying to offload a total of 128,924 shares. You also have all the outstanding buyers and sellers listed. Hope this is useful to you Cheers
  22. snakecatcher

    MSP

    Could be although I think that announcement said the contract for the $20m would be finalised in 4 - 6 weeks not that they would annouce more details. In any event something is definitely going on - large single buy order for 500,000 shares popped up this morning
  23. snakecatcher

    MSP

    In reply to: hey-ya on Wednesday 18/07/07 01:51pm Is there an announcement due out then?
  24. snakecatcher

    RIN

    I just spoke to my tax accountant and he is of the opinion that the transfer of the shares to cemex would be the CGT trigger not the day you get payment. So any transfers made before July 1st should be included in 06-07 returns. Interestingly enough he had also done a few 2,000 lots and before my call hadn't given much thought to his own returns.
  25. snakecatcher

    RIN

    In reply to: leerex on Sunday 15/07/07 10:46pm I tend to agree with leerex - capital gains events are triggered on settlement / payment dates not contract dates so if you don't get the settlement until July then it should be a 07-08 tax event. Not a tax expert though so if anyone is in any doubt I would suggest they contact their accountant or the ATO to clarify.
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