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forrestgump
Posted on: Jul 11 2017, 05:36 PM


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Posts: 2,916

I still do
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forrestgump
Posted on: Jun 1 2015, 11:40 AM


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Posts: 2,916

I noticed late last week that this one was showing a bit of interest, SP wise.

Solid buying today, Huge volume and sellers retreating.

+27% as I post.

I have no idea why.


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forrestgump
Posted on: May 26 2015, 09:59 AM


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Posts: 2,916

The trial of the anti cancer vaccine RGSH4K is getting some press.


http://www.abc.net.au/pm/content/2015/s4242090.htm
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forrestgump
Posted on: Mar 9 2015, 10:34 AM


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Posts: 2,916

Finally, some encouraging news.


http://www.asx.com.au/asx/statistics/displ...;idsId=01606450


Attached File(s)
Attached File  01606450.pdf ( 199.71K ) Number of downloads: 190

 
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forrestgump
Posted on: Nov 14 2014, 08:59 AM


Group: Member
Posts: 2,916

Patent granted for stem cell based acne treatment. Plans well progressed to commercialise quickly.

IMO, this could be a nice little earner if managed and marketed correctly.


http://www.aspectfinancial.com.au/docserve...WxheWVkLmpzcA==
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forrestgump
Posted on: Jul 8 2014, 10:32 AM


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Posts: 2,916

Regeneus obtains worldwide exclusive human rights to the Kvax personalised cancer treatment. They already have the Veterinary rights and are reporting good results with it.

http://www.asx.com.au/asx/statistics/displ...;idsId=01532130
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forrestgump
Posted on: Jun 30 2014, 05:35 PM


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Posts: 2,916

Proactive Investors on Regeneus.

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forrestgump
Posted on: Jun 30 2014, 11:39 AM


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Posts: 2,916

Regeneus enters into US marketing trial agreement
for novel canine cancer vaccine
Sydney, Australia – 30 June 2014

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forrestgump
Posted on: May 6 2014, 05:37 PM


Group: Member
Posts: 2,916


QUOTE


Thanks for that doc-p. Most encouraging.

Purely coincidentally, yesterday I was chatting to a friend of a friend and he was telling me that a friend of his is about to have the Regeneus stem cell treatment for her knee. It seems that the process is progressively gaining some traction.

However, as we always knew, these biotech companies do have a long gestation and we need to continue to be patient as we await more good news.

We picked up a parcel of 50,000 shares today.


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forrestgump
Posted on: Apr 8 2014, 10:15 AM


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Posts: 2,916

Things starting to move along now. The following is excellent news.

http://regeneus.com.au/news/news-release-r...onors-first-man
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forrestgump
Posted on: Mar 27 2014, 06:45 AM


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Posts: 2,916

http://www.proactiveinvestors.com.au/compa...ults-53905.html
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forrestgump
Posted on: Mar 26 2014, 09:43 AM


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Posts: 2,916

http://regeneus.com.au/news/news-release-o...nt-improvements
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forrestgump
Posted on: Mar 26 2014, 09:42 AM


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http://www.investing.com/analysis/regeneus...r-growth-207306
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forrestgump
Posted on: Jan 8 2014, 11:52 AM


Group: Member
Posts: 2,916

QUOTE
somebody trying to sell me something I don't need in the first place?


Surely not?

/sarcasm
  Forum: Off Topic Chat

forrestgump
Posted on: Dec 4 2013, 04:23 PM


Group: Member
Posts: 2,916

QUOTE
Any idea why?


This is still a speculative stock. One of the major traits of a speculative stock is that it is nigh on impossible to attach any meaningful value to the stock. It is worth anything between zero and "eleventy billion dollars". The true current value will only really be known some time down the road (years, probably).

In the meantime, the pricing is on a "relative basis". That means that when any event happens the price reacts with "it is worth more/less than yesterday" (even though yesterday's price was equally meaningless).

Of course none of that really answers your question.

The best answer that I can give you is that the stock is doing exactly what speculative stocks do. That is, the price goes up when they have a good announcement and then drifts until the next announcement. Of course many other factors determine the size of these moves also. For example, if the stock is quite tightly held by investors that believe in the future of the company then the down drifts tend to be more muted. Given the fact that RGS has held up quite strongly since the last announcement then you might assume that that is the case. Watching the volumes that go through can help you to come to grips with that. It is also quite possible for a stock to gyrate wildly on quite low volumes.

What will RGS do next? Frankly, I've been playing this game far too long to believe that I can predict what will happen in the short term.

Read the reports from the AGM. You will see that the Company has plenty of good news that it will announce over the coming months and years.

For what it's worth (probably worth about what I am charging you for it), I am still holding all of the shares that I have from float. Having attended the AGM, I doubt that I will be selling any of them any time soon. I think that this Company has products, management and strategies in place that give it a better than average chance of becoming a success. That is about the best that you can hope for in a speculative investment. I'm bloody careful with my money - it is a rare "speccy" that sees any of it.



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forrestgump
Posted on: Nov 28 2013, 09:33 AM


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Posts: 2,916

MMS have just announced that their Novated Lease business is now back up to 95% of the pre "incident" levels.
Attached image(s)
Attached Image

 
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forrestgump
Posted on: Nov 26 2013, 04:48 PM


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Posts: 2,916

QUOTE
going by what one can make out on Google Earth


Google Earth is not live. You are seeing pictures that may have been taking months (or even years) earlier.
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forrestgump
Posted on: Nov 26 2013, 07:00 AM


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Posts: 2,916

It seems that our little Regeneus is starting to pop up on radars. The following article is a worthwhile read - particularly for anybody that is not yet up to speed on exactly what it is that Regeneus does.

Proactive Investors

QUOTE
Regeneus is already earning revenues with fast growth potential. This demonstrates how Regeneus is different - very product-focused, developing products and servicing markets with a clear need that generates revenues now from stem cell-related technology products.

Regeneus is product driven first and foremost. It also sells two products, AdiCell and CryoShot, to treat similar musculoskeletal conditions.

While still small in comparison, Regeneus can look to, and beyond Mesoblast Ltd. (ASX:MSB; OTC:MBLTY), with its market capitalisation of $1.9 billion, as an example of where its regenerative medicine ambitions can take it. At $0.51 share price, Proactive Investors can see further growth in the short and medium terms in terms of valuation growth.


Add the Kvax cancer vaccine to all of that and Regeneus has great potential to reward.
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forrestgump
Posted on: Nov 25 2013, 03:09 PM


Group: Member
Posts: 2,916

Just a reminder.

the Annual General Meeting of Members of Regeneus Ltd (the Company) will
be held at the offices of DibbsBarker Lawyers, Level 8, 123 Pitt Street, Sydney NSW on Wednesday, 27
November 2013 at 1.00pm (Sydney time).
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forrestgump
Posted on: Nov 22 2013, 04:54 PM


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Posts: 2,916

Just a quick post to note that the Autologous Cancer Vaccine has now been given a name - Kvax

My understanding is that Regeneus have the worldwide rights to the use of Kvax in animals and they have "first right of refusal" on the same for humans. Let's hope that they formally take up that option - it would certainly add to the value of the Company.
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forrestgump
Posted on: Nov 19 2013, 08:56 AM


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Posts: 2,916

QUOTE
great information on RGS


That really is a good summary. Thanks.

This investment is actually showing promise of turning out better that even I had thought it might (and I'm not just referring to the share price). I entered this investment on the stem cell technology, however the nice surprise of the potential cancer vaccine has put whipped cream on this pie. In fact, the Cancer vaccine may, in time, become the pie.

Whilst we all know that trials in rats don't always translate well into other animals (eg humans), those rat trial results are truly phenomenal. A 40% total cure rate plus 100% resistance to future re-challenge is quite stunning. It will be most interesting to watch the unfolding of the results in dogs in the trials in the USA.

As with most biotechs, there is, of course, a long way to go but every journey starts with the first step. The Company has now made some solid and confident first steps in both the stem cell and cancer vaccine spaces.
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forrestgump
Posted on: Sep 19 2013, 09:55 AM


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Posts: 2,916

Trading commencing today.

I suspect that a lot of people will be watching this one as it is the first biotech float in Australia for some time.
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forrestgump
Posted on: Sep 11 2013, 12:36 PM


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Posts: 2,916

QUOTE
scaling down


I am led to believe that the amount raised was within the anticipated limits so there should not be any scaling down. biggrin.gif
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forrestgump
Posted on: Sep 11 2013, 07:25 AM


Group: Member
Posts: 2,916

QUOTE
listing on the ASX happening very early next week


I can wait. biggrin.gif
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forrestgump
Posted on: Aug 25 2013, 01:48 PM


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Posts: 2,916

This is a recent article from the ABC that talks about the potential cancer treatment developed at the Kolling Institute that is mentioned in the Regeneus prospectus. This has no direct relationship with Regeneus' stem cell work but Regeneus have the worldwide veterinary rights to this treatment and first refusal on the human rights.

It's always nice to have a second string to the bow and this one could well be a very strong string.


http://www.abc.net.au/news/2013-07-29/canc...-humans/4851234

Canine cancer vaccine could be trialled on
humans: researchers
By medical reporter Sophie Scott and Jeanavive McGregor
Updated Wed 31 Jul 2013, 11:00am AEST
Researchers say a new cancer vaccine that appears to be helping dogs
could soon be used in human trials.
The vaccine, developed by researchers at Sydney's Kolling Institute, has been
trialled on almost 30 dogs with advanced melanoma, bone cancer and liver
cancer.
Early results found the vaccine not only slowed the growth of the original tumour
but also helped to prevent more developing.
Dr Chris Weir, who developed the vaccine, said the anecdotal results are
promising.
"I decided to use dogs because they have a high rate of malignancy and because
vets use chemotherapy and radiation therapy on dogs with cancer, in much the
same way as humans with cancer are treated," he said.
"When a vet tells you this dog has 12 months to live and they are kicking on over
two years later, you have to hold hope that we can roll this out not only for dogs
but also for human patients."
The vaccine is made using cells from individual tumours, creating a unique and
personalised vaccine for each canine patient.
It also contains a bacteria that stimulates the immune system to kill cancer cells.
The results of the early trial have not been published in a scientific journal
because researchers want to patent the vaccine technology first.
Medical oncologist at the Royal North Shore Hospital, Professor Stephen Clarke,
hopes that human clinical studies will start in six months to one year."Prior to the last few years, cancer vaccines had been a great hope but hadn't
really resulted in any clinical products so we have substantial hope about this," he
said.
"These guys in the lab have spent quite a lot of time developing the vaccine in the
way that it will stimulate the greatest immune reaction, so we have high hopes.
"These animals' data are a really good prelude to undertaking clinical studies."
Success story for Sally the kelpie
Vet student Jenny Millar found out about the study when her kelpie Sally was
diagnosed with liver cancer.
The kelpie had a tennis ball-sized cancer in her liver.
Surgeons were only able to remove 90 per cent of the tumour but Ms Millar
wanted to avoid chemotherapy because Sally was nearly 13 years old.
"After the surgery we gave her the vaccine and sure enough, two-and-a-half years
later, completely defying all expectations, she is still with us," Ms Millar said.
She says Sally, now 15, is a happy and healthy old dog with no signs of the
cancer reoccurring.
"She's the best dog in the world. Nobody was expecting it, we just enjoy every
day we have with her," Ms Millar said.
Veterinarian Dr Miles Alexander has been using the vaccine since 2011 as an
add-on therapy for dogs with terminal cancer.
"I have seen no adverse side effects and so far I am encouraged by the patients
who have lived well beyond my expectations while maintaining a great quality of
life," he says.
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forrestgump
Posted on: Aug 22 2013, 10:21 AM


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Posts: 2,916

Press Release. Regeneus Stem Cell treatment now available in Queensland.

News Release: Stem cell therapy now available in John Flynn Private Hospital, Gold Coast
Thursday, 22 August 2013
Arthritis sufferers in South-East Queensland are now able to access stem cell based, regenerative medicine at John Flynn Private Hospital at Tugun on the Gold Coast. This proprietary process involves taking a person’s own fat which is used to harvest stem cells for reinjection into arthritis-affected areas of the body.

John Flynn Private Hospital CEO, Greg Jenke, said “John Flynn Hospital is committed to providing a comprehensive range of health care services with world-class medical facilities to clinicians and their patients. We see in-clinic autologous cell-based regenerative medicine as a significant innovative therapy platform for musculoskeletal and other inflammatory conditions.”

Dr David Liu and Dr Michael Graze, both orthopaedic surgeons at John Flynn, are pioneering Regeneus’ HiQCell treatment at the hospital. Dr Graze who specialises in shoulder and knee surgery said, “the greatest application of stem cell therapy in orthopaedics and sports medicine is the ability to fill the void and offer patients a treatment option between conservative measures like diet and exercise and joint replacement surgery”.

Regeneus has already had considerable success in treating chronic conditions in athletes and active adults including cartilage injuries to the knee and shoulder as well as osteoarthritis of most joints. Stem cell treatment has also been shown to be very efficacious in addressing tennis and golfer's elbow and rotator cuff conditions.

(...more)

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forrestgump
Posted on: Aug 20 2013, 10:09 AM


Group: Member
Posts: 2,916

Here is the text of that AFR article previously posted.

IPO watch

Jake Mitchell

Regeneus is hoping to capitalise on a golden run for healthcare stocks, as the regenerative medicine company eyes a $10 million float and listing on the Australian Securities Exchange. Sydney-based Regeneus provides services extracting stem cells from fat tissue for orthopedic surgeons and sports physicians, who then reinject the cells into joints or tendons to promote recovery.

The company is hoping to raise $10 million, the minimum subscription, at 25¢ a share, and is able to take a further $2 million in oversubscription. If $10 million is raised, new shareholders will control 22 per cent of the company, meaning the market capitalisation will be $45 million. The timing of the float is opportunistic as ASX-listed healthcare stocks have surged by 40 per cent over the past year.

An investment in Regeneus would be speculative, considering the size of the company and its earnings record. The company is yet to turn a profit and lost $3.6 million in the first half of financial year 2013, after losing $3.2 million in the prior 12 months.

No further raising planned

Biotechnology companies are notorious for burning through cash, but Regeneus claims it will have enough funds after the float to last two years, with no further capital raising planned in that period. “We had to increase our cost base to grow the business, but spending is not likely to continue to increase at this rate,” said Regeneus executive chairman John Martin. “We would only look to raise capital within the next two years if a very exciting opportunity came up.”

The company’s main source of revenue is licensing and service fees realised each time its treatment is performed by a medical specialist. Medical practice Sydney Sportsmed Specialists introduced the Regeneus HiQ cell treatment into commerciality in 2011. Regeneus technology is also used to treat domestic animals.

Unique service

It is the only Australian company of note focusing on the extraction of stem cells from fat tissue for therapeutic use. The more traditional source of stem cells is bone marrow, an area that Mesoblast, the major ­­ASX-listed stem cell play, already focuses on.

Mr Martin is a lawyer and has specialised in advising and working with emerging companies for the past 12 years. He previously served as chief executive of Babcock and Brown Communities, a retirement village operator, before it was bought by Lend Lease in 2009. The company’s chief executive is co-founder Graham Vesey. Professor Vesey has a long history in biotechnology, founding microbiological testing provider BTF in 1999.

French multinational BioMérieux bought BTF in 2007.

Regeneus made headlines last year when The Daily Telegraph published an article detailing how National Rugby League player Anthony Tupou underwent stem cell therapy treatment in the off-season to regenerate cartilage in his knee. Mr Tupou credited the Regeneus HiQ cell procedure with saving him from an early retirement.

Joint-lead managers on the IPO are Sydney-based Peloton Capital and BBY Limited. Both will pocket 5 per cent of the funds raised, as well as a 1 per cent management fee.

The Australian Financial Review
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forrestgump
Posted on: Aug 20 2013, 07:34 AM


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Regeneus IPO
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forrestgump
Posted on: Aug 19 2013, 10:01 AM


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In The Australian, today.


Stem cell firm Regeneus raising targets $10m

REGENEUS executive chairman John Martin blanches at suggestions the regenerative medicine minnowis a poor man's
alternative to stem-cell play Mesoblast, which commands a $1.9 billion market valuation.
"We are not a poor man's anyone -- we have our own story," Mr Martin said, adding "There's no doubt Mesoblast has done
a good job priming the Australian market about stem-cell therapies."

In the first non-device biotech listing in more than two years, Regeneus principals are seeking to raise $10 million in an IPO,
valuing the Sydney-based human and veterinary therapy outfit at $45m.

Regeneus has developed treatments for osteoarthritis and other inflammatory conditions such as tendinopathy and ligament
injuries, based on a patented method of extracting mesenchymalstemcells (MSCs) fromthe patient's own fat tissue.
The group's human therapy, HiQCell, is being used in three medical facilities in Sydney and one on the Gold Coast, with more
than 700 joints in 335 patients treated so far.

Regeneus also sells two products, AdiCell and CryoShot, to treat similar musculoskeletal conditions in dogs and horses.
Mr Martin said osteoarthritis, which was incurable, usually resulted in the need for a hip replacement. "There's a real
treatment gap," he said.

On the vet side, one in five dogs suffer fromosteoarthritis and are usually put down.

Because the human therapy is autologous -- only the patient's own cells are used -- approval is not required fromdrug
gatekeepers such as the local Therapeutic Goods Administration and the US Food and Drug Administration.
However, CryoShot, an off-the-shelf product using donor cells, requires regulatory approval for veterinary use.
The raising is partly aimed at securing registration for CryoShot in the US and Europe, as well as rolling out more HiQCell
processing labs and day surgeries in Australia, Singapore and Britain.

According to the prospectus, Regeneus lost $1.7min 2010-11, $3.25min 2011-12 and $3.6min the six months to December
2012. Mr Martin said the company did not expect a "rapid increase" in costs and had the "necessary resources to kick on to the
next stage".


Founder and chief executive GrahamVesey owns 14 per cent of the company on a pre-diluted basis. The board includes
veteran biotech director Roger Aston, who is chief executive of Mayne Pharma and sits on a number of biotech boards.
Mr Martin said management was happy with the level of interest in the raising, mainly from specialist fund managers and
wealthy individuals.
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forrestgump
Posted on: Aug 18 2013, 07:13 AM


Group: Member
Posts: 2,916

Well, it's been a while!

Since the sale of Cellestis two years ago (doesn't time fly?), I have been struggling to find another IPO on which I am willing to risk my hard earned money. I have looked at several but none have met my criteria. Whilst investing in IPOs can reap great rewards, as always, the key is to minimize the risk by only choosing those IPOs that I can personally feel have a great chance of actually achieving all that they promise.

Finally, I have found one that I am comfortable in putting my money into. I have been watching this one for a while and they are now listing in September.

http://regeneus.com.au/investor-centre/ipo

Anybody interested in this one should, of course, read the Prospectus to make their decision.

Additonally, it is an advantage to attend a roadshow. I like to attend the roadshows of my prospects because, whilst I rarely get any information that is not in the Prospectus, I get "the vibe of the thing". I like to meet the principals of the Company and to make my own judgement of how committed they are to turning great ideas into a great business. I have done this and am satisfied that these guys have the "fire in their belly" that is needed to give the Company the best chance of succeeding.

As I said, it is essential to read the prospectus to get some understanding of this (or any) IPO. I also spend a lot of time doing wider research to better understand the industry, competitors, legislation, etc etc.

In summary, Regeneus have positioned themselves as one of a small group of leaders in the field of Regenerative Medicine. Regenerative Medecine is creating a huge amount of interest around the world. In simple terms it is the science of encouraging the body to repair itself. To we laymen this is the field of Stem Cells.

Regeneus have built their existing business around their research into the use of adipose stem cells (stem cells extracted from fat) to treat various conditions. This simply means extracting stem cells from body fat with a proprietary method and injecting those stem cells into patients to promote body repair. Whilst this process has almost unlimited potential applications, Regeneus have initially concentrated on joint repair and long term pain relief.

Initially Regeneus gained their experience and data in veterinary applications in dogs and horses, treating knee and hip problems. Over the several years that they have been doing this, they have had some spectacular results that you may have even seen reported in the TV News.

Two years ago, they commenced treating people with the same procedure. This has primarily been aimed at knee and hip treatment.

In more recent times they have developed an "off the shelf" product that has now been used extensively in veterinary applications. They plan to release a similar product for human use.

A further line that they have developed from the research is a topical cream based around stem cell secretions. This cream has shown excellent results in wound healing, burns treatment, acne, insect bites and other conditions. Personally, I think this will be a huge part of the company as it moves forward.

From the work done so far the Company have built up extensive experience and, most importantly, a huge data set of outcomes that is very valuable.


There are some excellent videos here https://www.youtube.com/user/Regeneus

The Company website is http://regeneus.com.au/

If, like me, you missed Mesoblast (MSB) then just maybe this is our second chance at getting a stake in this field.
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forrestgump
Posted on: Aug 16 2013, 11:28 AM


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Posts: 2,916

I see that the betting agencies have the ALP out to $6.00 for a win and LNP down to $1.12.

Given that TA has categorically stated that he will not proceed with the FBT changes, I am looking to take a nice profit on MMS. I really don't expect it to go back to $18 in the short term but at $14 or $15 I will be over the moon.

Situations like this don't come along every day.
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forrestgump
Posted on: Jul 29 2013, 07:11 AM


Group: Member
Posts: 2,916

And if you are interested in what Roger Montgomery has to say on MMS.

Readers will be well aware of the controversy surrounding the Federal Labor government’s proposed changes to FBT legislation and the potential impact of these changes to businesses linked to car leasing and salary packaging. As owners of one of the businesses most directly in the firing line for these changes – McMillan Shakespeare – we have been following the debate with particular interest.

The focus of this post is not on the merits (or otherwise) of lenient tax treatment for novated leases as a policy. We will leave that to others better qualified than ourselves, and instead focus on some of the investment concepts that are illustrated by the recent developments. There is however, one broad observation we would make, and that is this:

The FBT arrangements affected by the proposed changes have been in place for a long time, and a substantial industry has evolved in response to those arrangements. There is no arguing that it is open to government to seek to change the arrangements. However, to make sudden and dramatic changes – apparently without a proper understanding of how those changes will impact the industry that has evolved – just doesn’t seem like the best way to approach the issue, particularly when those changes contradict the recommendations of a recent and detailed review of the topic (the Henry Tax Review).

Consistency and predictability is an important foundation of business confidence, and it is a shame to see businesses in good health one week having to retrench large portions of their workforce the next.

With that said, let’s consider some of the investment questions that arise. One of the first questions is: having incurred a loss on our initial investment, what can we learn that will help us in future? Unfortunately, the answer in this case is very little. We knew when we invested that MMS was a creature of the FBT regulations, and that there was a risk of regulatory change. However, we judged the likelihood of sudden and dramatic change to be low given the multi-decade consistency in business and legislative conditions. In the circumstances, it seemed to be a risk worth taking, and part of our job is to take those risks (with a modest position size of course). Without the benefit of hindsight we would do the same again.

The second – and in this case more interesting – question is: how do we manage our investment following announcement of the changes?

After releasing a very well-crafted announcement to the ASX last night, MMS came out of suspension and resumed trading this morning. The opening price was $7.00 per share, 54 per cent below the last trading price prior to the trading halt (which was granted on 16 July, shortly after the government announced the proposed changes). The question that arises is,has the imact of headlines such as; “McMillan Shakespeare Gets Smashed; As expected, the share price of McMillan Shakespeare was destroyed in Thursday morning trade as the effects of FBT changes took their toll”, which appeared on today’s SmartInvestor site, produced one of those very rare opportunities to purchase a diamond in the rough?

Prior to the market opening, and based on the information contained in the MMS announcement, we had calculated a revised estimate of MMS’s intrinsic value in the event that the proposed changes are implemented. Our assessment was that the likely impact would be devastating to MMS’s business, with most of its after tax profits destroyed.

Note, however, that this calculation assumed the changes were implemented. We separately estimated the probability that the changes would not be implemented, noting that the Coalition has said it does not support them, and that Labor may not have the numbers to implement the changes even if it did gain power. Our best guess at the probability of the changes being implemented was somewhere below 20 per cent. The framework we used for this is shown in the attached diagram. Using a <20 per cent probability of devastation and a >80 per cent probability that the business would suffer only relatively minor damage, we estimated a probability-weighted fair value for MMS shares.

Based on that estimate, we were at the head of the queue this morning to buy additional MMS shares at $7.00 and grateful for the ‘McMillan get smashed’ sentiment. Clearly there is some risk in doing this, and the fact that we are underwater on the initial investment makes us acutely aware of this risk. However, a critical part of our job is being able to put emotion to one side and take decisions based on a considered assessment of the facts, keeping in mind one does not pick up bargains when there is a cheery consensus.

In this case the assessment was clear. At $7.00 per share, the upside considerably outweighs the downside, and our investment team was unanimous in its recommendation: a meaningful increase in our holdings in MMS.



http://rogermontgomery.com/fbt-fairly-badl...pled/#more-4585
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forrestgump
Posted on: Jul 27 2013, 08:23 AM


Group: Member
Posts: 2,916

QUOTE
Forrest why do you say the company would be worth nothing if ALP get in?


You are correct, "nothing" is probably a slight exaggeration.

However, it is a little hard to work out what the Company would be worth if this legislation goes through. Apparently the GRS (the part of their business impacted) accounts for around 50% of their revenues but it has the highest NPAT. It may well be that without the GRS their NPAT would reduce to close to zero. If you value the Company on NPAT then ....

For me, I would not be interested in owning the Company if the legislation goes through. For now, happy to hold (of course!) because I think the odds are vastly in my favour. I am only in this for the possible windfall gain. Situations like this don't come along every day.



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forrestgump
Posted on: Jul 26 2013, 12:53 PM


Group: Member
Posts: 2,916

In a way, MMS is now a bet on the outcome of the election.

If ALP win (and get the FB legislation through) then MMS is worth nothing.

If LIBs win (and keep their word) then MMS is worth a lot more than current price.

There is also a small possibility that ALP may try to get the legislation through before the election.

It may even be tradeable on poll results! It's a funny world, friends.

I bought yesterday and currently hold.
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forrestgump
Posted on: Jul 26 2013, 11:42 AM


Group: Member
Posts: 2,916

QUOTE
the balls of steel option


Mine are clinking too.
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forrestgump
Posted on: Jul 26 2013, 11:28 AM


Group: Member
Posts: 2,916

Is it just me that has a wry laugh every year when Apple and Caterpillar come out with their financials on the same day?
  Forum: Off Topic Chat

forrestgump
Posted on: Apr 5 2013, 05:52 PM


Group: Member
Posts: 2,916

QUOTE
Unless I have grasped the wrong end of the stick the tax on over $100K refers to the ammount of pension that has to be paid out


I believe you have indeed grasped the wrong end of the stick.

It has nothing to do with the amount of pension that is (or has to be) paid out of the fund when it is in pension mode, It is much simpler than that. It is simply a tax (at a flat 15%) on any earnings within the fund that exceed $100k per year.

Whilst it has not been clearly stated I think it is reasonable to assume that it is $100k per pension recipient. That is, if you and your wife are in the same SMSF and are both in pension mode then the fund can earn $200k per year before paying any tax - regardless of how much you actually draw from the fund as a pension.

As far as I can understand it, Capital Gains will be treated as earnings (with some special allowances for existing CG assets). I have not seen any mention of whether the CG will be discounted to an effective 10% as at present - I presume not.
  Forum: Investment Discussion

forrestgump
Posted on: Mar 3 2013, 07:28 AM


Group: Member
Posts: 2,916

QUOTE
Should I just learn to go with the flow?


No. Maintain the rage.
  Forum: Off Topic Chat

forrestgump
Posted on: Mar 3 2013, 07:27 AM


Group: Member
Posts: 2,916

QUOTE
It is a meteor until it hits the ground

the rock fragments found after impact are called meteorites


This is very easy to remember - Meteorites have made it right through the atmosphere to the Earth.
  Forum: Off Topic Chat

forrestgump
Posted on: Feb 19 2013, 10:25 AM


Group: Member
Posts: 2,916

Oh goodie.

A TA Vs FA "fight".

Haven't seen a good one of those for years. devilsmiley.gif
  Forum: By Share Code

forrestgump
Posted on: Feb 18 2013, 02:28 PM


Group: Member
Posts: 2,916

QUOTE
it's hard to invest in something that has been suspended for almost 12 months


Exactly!

Perhaps the idiot who wrote it didn't realize that until the end of his tripe and didn't then want to waste all that "work". smile.gif

  Forum: By Share Code

forrestgump
Posted on: Feb 18 2013, 02:16 PM


Group: Member
Posts: 2,916

QUOTE
" ...investment would be highly speculative at this stage


I hope nobody had to pay for that illuminating advice. smile.gif
  Forum: By Share Code

forrestgump
Posted on: Feb 18 2013, 02:08 PM


Group: Member
Posts: 2,916

QUOTE
if the price drops by around 20c


Interesting that TLS has carried most of its dividend. A very strong indication (imo).
  Forum: By Share Code

forrestgump
Posted on: Jan 31 2013, 10:55 AM


Group: Member
Posts: 2,916

QUOTE
how water tight the NBN deal struck with Conrooy will be under a coalition Turnbal lead ministership


I don't think this information is available at this time. No doubt it will become public at some time before the election.

No doubt there is a way to extricate from the agreement but the question is "at what cost?".

I just can't decide whether a change of Government will be a positive, negative or neutral for TLS. Until I can get a feel for this, I am happy to hold my current TLS position.
  Forum: By Share Code

forrestgump
Posted on: Jan 30 2013, 11:41 AM


Group: Member
Posts: 2,916

Dear Algebra,

Stop asking us to find your X. She's never coming back and don't ask Y.
  Forum: Off Topic Chat

forrestgump
Posted on: Jan 25 2013, 08:12 AM


Group: Member
Posts: 2,916

Reminds me of the old one.

"It's not school that I hate, just the Principal of the thing"


  Forum: Off Topic Chat

forrestgump
Posted on: Jan 15 2013, 08:46 AM


Group: Member
Posts: 2,916

I've made some decent money on MAH in the past. It is one that I keep coming back to.

However, I'm happy to be watching it from the sidelines at the moment.


  Forum: By Share Code

forrestgump
Posted on: Jan 8 2013, 08:21 AM


Group: Member
Posts: 2,916

QUOTE
seems to be heads I win tails you lose in Telstra's favor


That is my feeling too.

However, at this time I am just not informed enough to be able to turn that feeling into a backable decision.

Currently. IMO, it is quite safe to continue holding TLS. I see no short term event driven change to the current TLS prospects.
  Forum: By Share Code

forrestgump
Posted on: Jan 6 2013, 08:55 AM


Group: Member
Posts: 2,916

QUOTE
sold a large parcel


I won't be selling any of mine until it becomes clearer as to what happens when we get the change of Government. I can't see anybody that has convincingly analysed that conundrum yet. I certainly can't work out if it will be a positive or a negative for TLS.

Meantime, happy to collect the dividends and the capital gain is a bonus.



  Forum: By Share Code

forrestgump
Posted on: Dec 7 2012, 01:38 PM


Group: Member
Posts: 2,916

QUOTE
That is only 3 % of the projects' worth for the year.


That is about right in this industry. From memory, mining projects target about 4% and Government contracts reap about 2%.

QUOTE
It would be easy for a company to make some major mistakes and lose money.


Yes. And it does happen.

I have always liked MAH but don't hold at the moment. Thinking about it though.
  Forum: By Share Code

forrestgump
Posted on: Sep 25 2012, 02:15 PM


Group: Member
Posts: 2,916

QUOTE
"Sharon & me was down the PUB ...


You're hurting my brain.
  Forum: Off Topic Chat

forrestgump
Posted on: Sep 18 2012, 01:59 PM


Group: Member
Posts: 2,916

http://www.amazon.co.uk/Veet-Men-Hair-Remo..._pr_product_top

Read the customer reviews. Start with the one star reviews and move up. Best to read in private because everyone will want to know what you are laughing at.
  Forum: Off Topic Chat

forrestgump
Posted on: Sep 11 2012, 10:10 AM


Group: Member
Posts: 2,916

A recent study by the National Institute for Incomplete Studies revealed that seven out of ten people
  Forum: Off Topic Chat

forrestgump
Posted on: Sep 7 2012, 10:41 AM


Group: Member
Posts: 2,916

QUOTE
significance or otherwise of this recent development for GTG?


Theoretically, it should be good for GTG. However, I would imagine that there will be a significant legal journey to be made.
  Forum: By Share Code

forrestgump
Posted on: Aug 19 2012, 06:32 PM


Group: Member
Posts: 2,916

This would be very handy for all forums


Attached thumbnail(s)
Attached Image


 
  Forum: Off Topic Chat

forrestgump
Posted on: Aug 3 2012, 02:26 PM


Group: Member
Posts: 2,916

QUOTE
this is a public domain I thought we were all entitled to an opinion.


I don't see anywhere where anybody said that you couldn't have your opinion. It's just that others (including me) have a different opinion and used their equal right to express it.

  Forum: By Share Code

forrestgump
Posted on: Aug 3 2012, 11:01 AM


Group: Member
Posts: 2,916

I took the test to become a stockbroker last week but I failed on the very first question - my parents are married.
  Forum: Off Topic Chat

forrestgump
Posted on: Aug 3 2012, 10:45 AM


Group: Member
Posts: 2,916

QUOTE
to post in a public domain about how wonderful you have been with all your accompanying figures is just showing off !!!!


I don't have a problem with melua doing this. It is not something I do myself but it is always interesting to read how somebody else thinks and operates.
  Forum: By Share Code

forrestgump
Posted on: Aug 2 2012, 10:13 AM


Group: Member
Posts: 2,916

QUOTE
Better to have a heavy on side than go through a pointless legal battle.


Yep. Pragmatism wins every time.
  Forum: By Share Code

forrestgump
Posted on: Jul 27 2012, 01:41 PM


Group: Member
Posts: 2,916

It comes down to personal taste, I guess, but I prefer Chrome.

If you find that Firefox doesn't agree with you then have a look at Chrome.
  Forum: Off Topic Chat

forrestgump
Posted on: Jul 27 2012, 01:07 PM


Group: Member
Posts: 2,916

QUOTE
...the management.


Or lack thereof?
  Forum: By Share Code

forrestgump
Posted on: Jul 25 2012, 04:04 PM


Group: Member
Posts: 2,916

No, thank you. smile.gif

Been there, done that, got the T-shirt.


  Forum: By Share Code

forrestgump
Posted on: Jul 25 2012, 01:16 PM


Group: Member
Posts: 2,916

QUOTE
100 shareholders can do it...

Regardless of the percentage involved?


That is my understanding. 100 shareholders OR 1 or more shareholders holding 5% of the votes in total.
  Forum: By Share Code

forrestgump
Posted on: Jul 24 2012, 04:48 PM


Group: Member
Posts: 2,916

QUOTE
Thanks Pilko But what about voting rights ?


You may not have the votes to actually change anything but at the very least it means that the Directors have to talk to you. And you never know, once you start the process all sorts of things might happen. Sometimes it can be surprising where the votes lie and which way they vote.
  Forum: By Share Code

forrestgump
Posted on: Jul 24 2012, 01:49 PM


Group: Member
Posts: 2,916

QUOTE
Desperation seems to have taken over and now we have some wonks rallying the forces to be found on SS.

The better way would be to admit they have lost and pay the price.


Sheesh!

The ability to call an EGM is not provided just to fill up the paperwork. It is there as a tool for shareholders to judiciously use, if they so wish.

The problem is much like the "Oh gee, I wish I had sold yesterday" conundrum. That is, the window to actually do something eventually closes. At which time, one finds oneself saying "If only I had acted earlier". There will come a time when the option for you to call an EGM will be gone.

Of course, as I say, some people are happy to go through life being done over, never doing anything about it and then blaming the world for their situation. That is their choice.

I am not an SLA shareholder but if I was, I would be taking action now. In fact I would have taken it some time back. How shareholders can accept this total non-communication from their Directors is totally beyond me.

By all means do as has been suggested and "not upset the apple cart" just in case there is a mythical "pot of gold" just around the corner but, deep down, you know what the truth is.

  Forum: By Share Code

forrestgump
Posted on: Jul 24 2012, 12:23 PM


Group: Member
Posts: 2,916

QUOTE
time for Mutiny v2?


It doesn't need to be seen as a "mutiny". Calling an EGM is just a business process that you are entirely entitled to do.
  Forum: By Share Code

forrestgump
Posted on: Jul 24 2012, 11:23 AM


Group: Member
Posts: 2,916

QUOTE
How about doing nothing as an alternative?


That's a choice. It's just not one I would make.

But that's me.

Each to their own.
  Forum: By Share Code

forrestgump
Posted on: Jul 24 2012, 11:11 AM


Group: Member
Posts: 2,916

QUOTE
going to change the world and the way the markets work will it?


Very unlikely.

However, in my experience, if you actually do something at the very least you will feel better about yourself. Any result on top of that is a bonus.

What is the alternative? Allow yourself to be run over and then spend the rest of your life whingeing about how badly the world has treated you? I am sure that there are some people who like to live their lives like that.

  Forum: By Share Code

forrestgump
Posted on: Jul 24 2012, 11:02 AM


Group: Member
Posts: 2,916

Can I suggest that while shareholders simply accept this behaviour, it will happen time and time again.

The longer you leave it, the worse the situation becomes. It is not that hard to rally shareholders to a worthwhile cause.

Even if you never get any money back, you can at least get some satisfaction from putting others on notice that "retail" shareholders are not going to just stand by and take it any more.
  Forum: By Share Code

forrestgump
Posted on: Jul 24 2012, 10:49 AM


Group: Member
Posts: 2,916

QUOTE
calling for EGM's would not be that helpful. In fact very stupid rather than unhelpful.R/Di


In my opinion, Di is giving very bad advice here. The Company has demonstrated scant (actually no) regard for the concerns of shareholders. You need to go on the offensive now. If I was a shareholder I would certainly be garnering support for an EGM. I doubt that it will save the Company but at least it will enable you to get a clearer picture of what is going on.

The Directors simply going "silent" is a long long way from being good enough. You need to become pro-active now.
  Forum: By Share Code

forrestgump
Posted on: Jul 23 2012, 10:36 AM


Group: Member
Posts: 2,916

QUOTE
expect thing's too improve when Gina gets on board


I hope that was an intentional error. smile.gif
  Forum: Off Topic Chat

forrestgump
Posted on: Jul 22 2012, 07:26 PM


Group: Member
Posts: 2,916

QUOTE
You really are delusional if you think the shareholders are responsible for the present situation SLA is in.


I didn't read it that Sirob was saying that the shareholders are responsible for where the Company is. Surely he was saying that shareholders are responsible for the shareholders situation (ie invested in a Company that has a very very doubtful future).
  Forum: By Share Code

forrestgump
Posted on: Jul 15 2012, 05:01 PM


Group: Member
Posts: 2,916

Gave me nightmares.
  Forum: Off Topic Chat

forrestgump
Posted on: Jul 12 2012, 10:40 AM


Group: Member
Posts: 2,916



"The market is currently like a strapless bra; half of us are wondering what is holding it up and the other half are waiting for it to drop so they can grab the opportunity with both hands".
  Forum: Off Topic Chat

forrestgump
Posted on: Jun 8 2012, 03:40 PM


Group: Member
Posts: 2,916

Good luck with that, Irishgirl.
  Forum: By Share Code

forrestgump
Posted on: May 31 2012, 12:22 PM


Group: Member
Posts: 2,916

QUOTE
One of the other biotechs I follow who are as insolvent as SLA but still trading


Tyrian?
  Forum: By Share Code

forrestgump
Posted on: May 30 2012, 11:51 AM


Group: Member
Posts: 2,916

QUOTE
Can we call this a loss for tax purposes yet?


My understanding is that you cannot claim the tax loss until the Company is formally wound up and the Receivers have done their thing.

The easiest way to get your tax loss is to sell your shares but, of course, I don't need to point out the obvious.
  Forum: By Share Code

forrestgump
Posted on: May 21 2012, 11:59 AM


Group: Member
Posts: 2,916

Imagine what it must have been like before it "improved".
  Forum: Off Topic Chat

forrestgump
Posted on: May 21 2012, 11:32 AM


Group: Member
Posts: 2,916

How about this one?


Attached image(s)
Attached Image

 
  Forum: Off Topic Chat

forrestgump
Posted on: May 21 2012, 10:00 AM


Group: Member
Posts: 2,916

Unbelievable!

Maybe it's something to do with renewing the revenue stream?
  Forum: Off Topic Chat

forrestgump
Posted on: May 18 2012, 02:09 PM


Group: Member
Posts: 2,916

A laugh for a red day


Attached thumbnail(s)
Attached Image


 
  Forum: Off Topic Chat

forrestgump
Posted on: May 18 2012, 11:16 AM


Group: Member
Posts: 2,916

QUOTE
QBE hammered a bit today


It's no Robinson Crusoe in that.
  Forum: By Share Code

forrestgump
Posted on: May 16 2012, 12:05 PM


Group: Member
Posts: 2,916

QUOTE
Some of the delusional beliefs that I read on this thread - where some posters have an immovable commitment to the company


It's all fairly pointless at this stage ... in my opinion we are just watching the death throes of SLA (not that there is much to see - the shareholders are being treated like mushrooms). Surely no shareholders will be willing to give them yet another tranch of cash to keep them afloat?

I really don't understand why the shareholders aren't demanding communication from the Company. Even if that means physically visiting their offices. You have invested your cash in this venture, you own a slice of the Company and are therefore entitled to be treated with some level of respect. The fact that they are not doing that says a lot about the character of the people running this show.

  Forum: By Share Code

forrestgump
Posted on: May 15 2012, 11:57 AM


Group: Member
Posts: 2,916

QUOTE
TLS is really going for a run.


TLS is the defensive stock at the moment.
  Forum: By Share Code

forrestgump
Posted on: May 11 2012, 03:01 PM


Group: Member
Posts: 2,916

What is it with Cats and TLS?
  Forum: By Share Code

forrestgump
Posted on: May 11 2012, 01:43 PM


Group: Member
Posts: 2,916

Who really believes that a stock that has been in Suspension (for non-provision of financials) for a period of two and a half months, without making a single statement, is ever going to come back from suspension?

Ignoring everything else, this disregard for the shareholders who have continually stumped up cash to keep the Company afloat, is shameful. How hard would it be for them to put out an announcement explaining the situation?

  Forum: By Share Code

forrestgump
Posted on: May 11 2012, 11:58 AM


Group: Member
Posts: 2,916

QUOTE
You are ignoring so many mitigating facts about SLA that make it a very different proposition to ... CST.


I agree that it makes no sense to compare SLA and CST. SLA has been an abysmal failure and while CST may not have been as successful as many of us had hoped, it did build a viable profit making business and returned a decent profit to long term shareholders (30% compound per annum from float)..

I would be very interested to hear what these "mitigating factors" are that you mention that it seems in your eyes make SLA a better business than CST.
  Forum: By Share Code

forrestgump
Posted on: May 8 2012, 12:03 PM


Group: Member
Posts: 2,916

QUOTE
in freefall today...

Is that closing the shorts?


Closing shorts would actually cause the price to go up.
  Forum: By Share Code

forrestgump
Posted on: May 2 2012, 12:27 PM


Group: Member
Posts: 2,916

QUOTE
end up like the crapper


Should that not be "... in the crapper"?
  Forum: By Share Code

forrestgump
Posted on: Apr 30 2012, 06:54 PM


Group: Member
Posts: 2,916

QUOTE
If I recall correctly, it was mentioned at one of the shareholder briefings that the patents are first registered in Vagif's name and then the rights are transferred across to SLA.


That is quite a common and normal arrangement.

There are much more significant worries than that.
  Forum: By Share Code

forrestgump
Posted on: Apr 13 2012, 09:38 AM


Group: Member
Posts: 2,916

I Have CDO.

It's much like OCD but with the letters in alphabetical order - AS THEY DAMN WELL SHOULD BE!
  Forum: Off Topic Chat

forrestgump
Posted on: Apr 12 2012, 04:01 PM


Group: Member
Posts: 2,916

Some people are like Slinkys.

They don't do very much but you can't help smiling when you push them down the stairs
  Forum: Off Topic Chat

forrestgump
Posted on: Mar 28 2012, 08:40 AM


Group: Member
Posts: 2,916

QUOTE
Solagran is...


Oooohhhh. Diana is gonna be real annoyed with you.

  Forum: By Share Code

forrestgump
Posted on: Mar 22 2012, 07:05 PM


Group: Member
Posts: 2,916

QUOTE
Shouldn't that be 10,11and 12?


and 13?
  Forum: Off Topic Chat

forrestgump
Posted on: Mar 12 2012, 09:38 AM


Group: Member
Posts: 2,916

QUOTE
I know this is off topic but wouldnt the doctors be responsible for what they implant not the government.If so wasnt the mad monk in charge when these were implanted


I presume that by "mad monk", you mean Tony Abbott.

So, you want to use the PIP implant situation as a political tool against Tony Abbott? Well, as it happens, the problems with the PIP implants was not discovered (in France) until 2008 or 2009. Guess who was running the Health Department then? The Labor Party.

Still want to use this unfortunate situation as a political attack?

  Forum: By Share Code

forrestgump
Posted on: Mar 8 2012, 04:53 PM


Group: Member
Posts: 2,916

QUOTE
You could say in gold parlance, we have a substantial JORC resource and are just seeking a buyer for our gold and a JV investor to participate in building the new plant, while we heap leach some open pit ore to generate interim cash flow.


Stop it, diana. I'm laughing so much it hurts.

  Forum: By Share Code

forrestgump
Posted on: Mar 8 2012, 07:28 AM


Group: Member
Posts: 2,916

QUOTE
The stock is not liquid ... struggle to find buyers ... no option but to hang on


Very good point, well made.



  Forum: By Share Code

forrestgump
Posted on: Mar 6 2012, 03:16 PM


Group: Member
Posts: 2,916

Seriously, (almost) everybody knows that this is a crap stock.

The problem is that typically there will be a whole lot of holders who right now are wishing they had sold when it was 8 cents. They are, of course, thinking right now "If it gets back up to 8 cents, I will sell. At least I will get twice as much as what I would get now."

Of course if by some stroke of luck it does get back to 8 cents they probably won't sell because they will be hoping for it to go higher again.

It will end in tears.

My suggestion? Just sell now, salvage whatever you can and move on. You will not "make it back" on this stock. You will stand a better chance of "making it back" elsewhere.




  Forum: By Share Code

forrestgump
Posted on: Mar 6 2012, 02:54 PM


Group: Member
Posts: 2,916

QUOTE
all been wrong too


Kettle, pot, ... pot, kettle .....
  Forum: By Share Code

forrestgump
Posted on: Mar 6 2012, 02:36 PM


Group: Member
Posts: 2,916

QUOTE
predicted receivership every 3 months


Boris is not the only one to get their predictions wrong, is he, Diana?

Just saying.
  Forum: By Share Code

forrestgump
Posted on: Feb 28 2012, 03:27 PM


Group: Member
Posts: 2,916

QUOTE
But since I am too much committed to this company to walk away,


The question to ask is "would you buy shares in the Company now?"

Bearing in mind that a decision to HOLD is exactly the same as a decision to BUY.
  Forum: By Share Code

forrestgump
Posted on: Feb 28 2012, 12:10 PM


Group: Member
Posts: 2,916

QUOTE
anyone get a tap on the shoulder to take up some debt reducing equity?


Is that what that was?

When he comes to I'll tell him that it is not a good idea to sneak up behind me and tap me on the shoulder.

  Forum: By Share Code

forrestgump
Posted on: Feb 28 2012, 10:34 AM


Group: Member
Posts: 2,916

QUOTE
... "group think" which is exactly the opposite of what investors in an early stage company need to be.


Isn't that exactly what got you into this mess in the first place?

  Forum: By Share Code

forrestgump
Posted on: Feb 27 2012, 09:16 AM


Group: Member
Posts: 2,916

QUOTE
Status has changed from Trading Halt to Pre-Open on my trading platform and there has been no trade. Does that usually mean suspension?


No. It means they are going to open this morning.
  Forum: By Share Code

forrestgump
Posted on: Feb 24 2012, 03:09 PM


Group: Member
Posts: 2,916

QUOTE
what Telstra could do with the $11 billion Have they indicated any possible distributions to shareholders.


No, they haven't. What they have said is that they will review their capital management plans once the ACCC has approved the separation deal.

Incidentally, it is a lot more than $11Bn. $11Bn is the current value of the amount being paid in total when it is DCF'd back to current value. Furthermore, that DCF was done at 10%. Which is just plain silly. It is probably more realistic to use 8%. I haven't personally calculated it but it probably brings it up to $13Bn or $14bn.

It will be hard for them to spend all that money so I expect a return to shareholders in some form. It could be a special div or a share buyback.

Of course, if the current stuff going on in Canberra lead to an election and a change of government then I have no idea whether it will be good or bad for TLS.
  Forum: By Share Code

forrestgump
Posted on: Feb 24 2012, 02:55 PM


Group: Member
Posts: 2,916

Hard to argue this logic......

Women often say that giving birth is way more painful than a guy getting kicked in the nuts.

Here is proof that they are wrong...

A year or so after giving birth a number of women "propose": "It’d be nice to have another baby".

You never hear a bloke say "I wouldn’t mind another kick in the nuts".

Case closed.
  Forum: Off Topic Chat

forrestgump
Posted on: Feb 23 2012, 10:08 AM


Group: Member
Posts: 2,916

Further dilution?
  Forum: By Share Code

forrestgump
Posted on: Feb 22 2012, 09:52 AM


Group: Member
Posts: 2,916

QUOTE
Dont worry....it cant go down much further


Just to clarify (in case it is not obvious) - I have never held any SLA shares. I think it is one of the worst shares on the ASX. Just my opinion though.

  Forum: By Share Code

forrestgump
Posted on: Feb 22 2012, 08:22 AM


Group: Member
Posts: 2,916

QUOTE
What did Forrest say about CST share price gyrations in the past......LOL


Perhaps you would like to remind me?

I imagine it was something about investors being more interested in the fundamentals of the business, rather than the day to day share price fluctuations.

Apply that to SLA however you wish. It surely doesn't take me to point out the obvious.

Incidentally, if you folks stopped selling your SLA shares then the SP would not go down.

  Forum: By Share Code

forrestgump
Posted on: Feb 20 2012, 10:09 AM


Group: Member
Posts: 2,916

KNOWLEDGE……..is knowing that a tomato is a fruit

BUT WISDOM ……is not putting it in a fruit salad.
  Forum: Off Topic Chat

forrestgump
Posted on: Feb 20 2012, 08:56 AM


Group: Member
Posts: 2,916

QUOTE
1. Put an upper-limit on the number of posts an individual can make in a period (say, over a rolling 7 day stretch).


NO.

QUOTE
2. start moderating posts which basically regurgitate the same stuff over and over and over...that tactic is one commonly used in arguments but hardly conducive to temperate and reasoned discussions.


Far too much moderation work required. The moderators would be asked to make very subjective decisions.

QUOTE
3. Introduce an ignore function.


Fine.
  Forum: Off Topic Chat

forrestgump
Posted on: Feb 17 2012, 03:08 PM


Group: Member
Posts: 2,916

So Di, you will be happy to subscribe to the next capital raising?

That would certainly be good news for holders.
  Forum: By Share Code

forrestgump
Posted on: Feb 17 2012, 11:07 AM


Group: Member
Posts: 2,916

QUOTE
some spotty reporter


Fairly typical, Di. Playing the man, not the ball.

According to you, people that do not hold SLA are not entitled to post.
According to you, people that hold a negative view about SLA are not entitled to post.
Now, just because somebody happens to be a 4Corners reporter they are not to be listened to.

Everybody (including you) is entitled to hold and express their opinion about SLA. You do not have the right to stop anybody expressing their opinion.

If you don't want to address the accusations being made, then don't. However, trying to discredit them by denigrating the messenger is not helping anybody.


  Forum: By Share Code

forrestgump
Posted on: Feb 16 2012, 12:45 PM


Group: Member
Posts: 2,916

It's contributors that make a good site. Without quality contributors it just degenerates to a bunch of folk shooting the breeze over a beer with the consequent result of readers drifting away.

  Forum: Off Topic Chat

forrestgump
Posted on: Feb 16 2012, 08:33 AM


Group: Member
Posts: 2,916

A dyslexic walks into a bra...
  Forum: Off Topic Chat

forrestgump
Posted on: Feb 9 2012, 08:28 AM


Group: Member
Posts: 2,916

QUOTE
you can bet salim own,s the rights to the patents


It's what I predicted long ago. If there remains anything of value in the Company then Salim will end up with it and the rest of the shareholders will get exactly NOTHING.

  Forum: By Share Code

forrestgump
Posted on: Feb 7 2012, 09:39 AM


Group: Member
Posts: 2,916

...........
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  Forum: By Share Code

forrestgump
Posted on: Feb 3 2012, 12:06 PM


Group: Member
Posts: 2,916


I am told that "in our own interests" our government is about to legislate the following warnings on all alcohol sold.



Warning: Consumption of alcohol may make you think you are whispering when you are not.

Warning: Consumption of alcohol is a major factor in dancing like a wanker.

Warning: Consumption of alcohol may cause you to tell the same boring story over and over again until your friends want to smash your face in.

Warning: Consumption of alcohol may lead you to believe that people are really dying for you to telephone them at 4 in the morning.

Warning: Consumption of alcohol may leave you wondering what the hell happened to your clothes.

Warning: Consumption of alcohol may make you think you can logically converse with other members of the opposite sex without spitting.

Warning: Consumption of alcohol may make you think you possess mystical Kung-Fu powers.

Warning: Consumption of alcohol is the leading cause of inexplicable rug burns on the forehead.

Warning: Consumption of alcohol may lead to traffic signs and cones appearing in your home.

Warning: Consumption of alcohol may lead you to believe you are invisible.

Warning: Consumption of alcohol may lead you to believe that people are laughing with you.

Warning: Consumption of alcohol may cause an influx in the time-space continuum, whereby small (and sometimes large) gaps of time may seem to literally disappear.

Warning: Consumption of alcohol may actually cause pregnancy.
  Forum: Off Topic Chat

forrestgump
Posted on: Jan 30 2012, 05:55 PM


Group: Member
Posts: 2,916

Sheesh!

Are you people still here?

  Forum: By Share Code

forrestgump
Posted on: Jan 27 2012, 08:09 AM


Group: Member
Posts: 2,916

And up another 7.5% overnight in the US on massive volume.

But I don't know why.

There is a small rumor that somebody in the US is covering their shorts.

  Forum: By Share Code

forrestgump
Posted on: Jan 26 2012, 09:30 AM


Group: Member
Posts: 2,916

QUOTE
But is still a dead duck in Au.


Well, hard for the duck to do anything when the market is closed, I suppose. biggrin.gif

Big volume on Nasdaq too.

  Forum: By Share Code

forrestgump
Posted on: Jan 16 2012, 08:40 PM


Group: Member
Posts: 2,916

QUOTE
Wonder who insured the sunken tourist boat and its passengers? Just could be a bit of legal action there ?


Funny you should wonder about that. I was wondering also and was almost gonna throw something about it on my previous post..

Thinking that perhaps there maybe a few Lloyds "names" kissing their homes goodbye.



  Forum: By Share Code

forrestgump
Posted on: Jan 16 2012, 04:24 PM


Group: Member
Posts: 2,916

Really, really, really .... I'm not a trader .... honest.

But I couldn't resist flogging out those QBE at $11.32 today.

I just feel happier having lots of cash in my kick at the moment.
  Forum: By Share Code

forrestgump
Posted on: Jan 12 2012, 03:17 PM


Group: Member
Posts: 2,916

Well Henrietta,,

I jumped in and bought some cheap ($10.63). Nice little opportunity. I'll sell them when I have made a nice profit. But I'm not a trader - honest!

  Forum: By Share Code

forrestgump
Posted on: Jan 5 2012, 04:08 PM


Group: Member
Posts: 2,916

The quality of journalist research again plumbs new lows.

"Thousands of emails bombarded the broking site in a ''denial of service'' attack."

A Denial of Sevice (DOS) attack has nothing to do with "thousands of emails".

  Forum: Investment Discussion

forrestgump
Posted on: Jan 4 2012, 11:51 AM


Group: Member
Posts: 2,916

Mayan calendar
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  Forum: Off Topic Chat

forrestgump
Posted on: Jan 4 2012, 10:23 AM


Group: Member
Posts: 2,916

QUOTE
Unlike me, they didn't run it past they're copy checkers.


My copy checker now advises that should have been.

Unlike me, they didn't run it past there copy checkers.

Maybe I'm just loosing it?
  Forum: Off Topic Chat

forrestgump
Posted on: Jan 4 2012, 09:15 AM


Group: Member
Posts: 2,916

Unlike me, they didn't run it past they're copy checkers.

  Forum: Off Topic Chat

forrestgump
Posted on: Dec 21 2011, 02:09 PM


Group: Member
Posts: 2,916

QUOTE
Using FY2012 results we are trading at a PE of 4.4


Are you sure?

I have 726m shares at a share price of $0.575 to give a market cap of $417m

The profit forecast for 2012 is $55m.

PE is $417m / $55m = 7.58

  Forum: By Share Code

forrestgump
Posted on: Dec 21 2011, 09:11 AM


Group: Member
Posts: 2,916

QUOTE
"I demand insight into the future...now!"


Would tomorrow do?
  Forum: By Share Code

forrestgump
Posted on: Dec 20 2011, 08:23 AM


Group: Member
Posts: 2,916

Occasionally, I check my spam folder in Gmail (most times I don't bother).

This morning I checked and the result was as shown below.

Their automatic targeting of advertisements has a little way to go if it thinks that because I am checking my spam folder, I might need a spam recipe.

(Besides, I already have plenty of spam recipes - spam and eggs, spam spam and eggs, spam spam and more spam ........)
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  Forum: Off Topic Chat

forrestgump
Posted on: Dec 20 2011, 08:07 AM


Group: Member
Posts: 2,916

QUOTE
Anyway not sure how this will pan our from here.


Just on a cursory look, this one has caught my interest.

P/E < 10
10c dividend
Aggressive development fully funded from cash flows
Planned quadrupling of output by 2016
> $80m cash + gold on hand

Of course none of that means anything for the traders so it could go anywhere in the short term.

I don't hold.

  Forum: By Share Code

forrestgump
Posted on: Dec 19 2011, 02:44 PM


Group: Member
Posts: 2,916

If you were to have a forum that operated under the two "rules" that Di has variously espoused:

1. You shouldn't post if you don't own the stocks; and
2. If you own the stock then you shouldn't post negative opinion

then, there would be no point in having the forum.

One of the resources that I use when I start investigating a stock that I am not familiar with is the varied opinions expressed on sharescene. I don't accept any of those opinions blindly but they do serve as a starting point for issues to investigate. If sharescene was to become purely a cheer squad for a stock, it's utility would be greatly diminished.
  Forum: By Share Code

forrestgump
Posted on: Dec 19 2011, 09:53 AM


Group: Member
Posts: 2,916

It seems that every stock that I decide to have a look at, Arty is there before me.

  Forum: By Share Code

forrestgump
Posted on: Dec 8 2011, 10:30 AM


Group: Member
Posts: 2,916

QUOTE
I suppose that somebody, somewhere , knows what that means.


Probably not.

Have a read of "The Big Short". Those guys were selling insurance on derivatives of derivatives that they had no idea what they were.


  Forum: Off Topic Chat

forrestgump
Posted on: Nov 24 2011, 06:21 PM


Group: Member
Posts: 2,916

Ditto. I have also now turned off my blocker.
  Forum: Off Topic Chat

forrestgump
Posted on: Nov 12 2011, 08:21 AM


Group: Member
Posts: 2,916

LOL.

I just can't help but think of the "Gruen Nation" segment - "What would Putin do?"
  Forum: By Share Code

forrestgump
Posted on: Oct 19 2011, 01:42 PM


Group: Member
Posts: 2,916

QUOTE
Looks like nobody wants the next big thing in diabetes.


Oh what a difference a fortnight makes. smile.gif

  Forum: By Share Code

forrestgump
Posted on: Oct 10 2011, 10:27 AM


Group: Member
Posts: 2,916

QUOTE
Maybe accummulating in separate accounts.


I believe that would be illegal as a method to avoid making a declaration.
  Forum: By Share Code

forrestgump
Posted on: Oct 10 2011, 09:09 AM


Group: Member
Posts: 2,916

Tax.

The ATO have now released their official ruling on the tax consequences of the Scheme of Arrangement.

Nothing that was unexpected.

1. The six cent special dividend is fully franked.

2. CGT will be payable on the Capital Gains made from the sale. For the purposes of calculating CGT, the sale price was $3.74

  Forum: By Share Code

forrestgump
Posted on: Oct 7 2011, 11:29 AM


Group: Member
Posts: 2,916

QUOTE
...make sure investing in Russia is not a black hole of brides, corruption, red tape and bureaucratic bungling.


biggrin.gif
  Forum: By Share Code

forrestgump
Posted on: Oct 2 2011, 12:09 PM


Group: Member
Posts: 2,916

Well, the weather today is miserable and I have zero interest in the various types of of football so it's probably as good a time as any to attempt to put my full stop on this story.

As you know, CSAG was established purely and simply to bring together CST investors to enable them to have their interests represented in the takeover event. Our intention was always to achieve a better outcome for shareholders. We didn't see it as our job to tell people how to vote and we certainly did not think it appropriate to collect shareholder proxies. It was always our contention that each and every shareholder should be well and independently informed and have the right to vote as they best see fit.

Of course, by making our intentions known as a large voting block we were always hopeful that we could influence the outcome.

Our polling of shareholders indicated 38% of shares were prepared to vote against the takeover proposal. That was certainly enough to defeat the takeover.

However, two event occurred that changed things dramatically.

Firstly, significant numbers of shares that had indicated their opposition to the takeover were actually sold into the market (into the hedge funds). This effectively converted the votes of those shares from NO to YES. There were probably several reasons for people doing this. Some may have been simply protecting their own net worth, others were hoping to buy the shares back at lower prices when their compatriots had voted the proposal down. Whatever reasons people may have had and whatever we may think of any individuals choices, we have to accept that each shareholder is entitled to make their own decisions in this way.

Secondly, we became aware of further significant shares that had initially indicated their opposition to the takeover that subsequently changed their opinion and decided to accept the $3.55 offer on the table. Again, regardless of what we might personally feel about that decision, we have to accept that everybody had the right to act as they best saw fit in their own situation.

Probably, we could have still defeated the vote had just one of the above events occurred. However, the combined result of both meant that we had LOST.

This left us with only two choices. We could either continue to say NO, knowing that the end result would be that all shareholders would receive $3.55 per share or we could accept that the Company was going to be sold and try to improve the outcome for shareholders. Clearly, the second was the only sensible choice.

Fortunately, our one saving grace was that, whilst we knew that ultimately we had lost, we were able to conceal that fact from Qiagen. They did not know that they had won. Our only hope was to see if we could squeeze some more money out of them.

So, that is what we did.

We achieved an additional 25c per share.

In the end, the choice was to accept $3.55 per share or achieve $3.80 per share. They were the only two choices that we ended up with. I would hope you would agree that we made the right decision.

Don't forget that we did not advise or force any shareholder to change their vote from NO to YES. Each and every one of you made your own decision. We could only ever play the cards that we were dealt.

So, that's it. It wasn't as exciting as you might have thought? There were no legal threats, no visits by short necked men in black suits at 4am. It was simply a pragmatic business outcome. We may not necessarily all be happy with it but it is what it is.

I guess I can add that, as it has turned out, given the subsequent state of the market, now is not such a terrible time to be "cashed up". Perhaps we can take some consolation from that.

I am personally immensely proud of what we achieved. This has been one of the few times where a disparate group of minority shareholders have taken their place at the table and achieved an improved outcome.

I am also extremely proud of the group of people that made up the CSAG team. This group of people worked untiringly on this for over three months. It was an honour to have worked with them.

Likewise, I thank all of those shareholders who supported the aims of CSAG by registering their voting intentions with us, offering encouragement and generally working with us to achieve a better outcome for all.

Hopefully, we can all take away something from this story.

Finally, can I thank every person that has contributed to this story over the entire ten years. Regardless of whether our views were aligned or not, the input from a wide range of perspectives made the journey a pleasant, educational and personally warming one.



I have one, final, less than joyful task.

One of our number, "Thumbs Up" passed away unexpectedly during the takeover event. "Thumbs Up" was a long time supporter of CST, an active contributor to Sharescene and an extremely valuable and committed member of the CSAG Team. I had the good fortune to have known "Thumbs Up" personally. As is always the case, there are no words that can convey the essence of the man. I can only say that the world is now short one of the good guys. Vale TU.
  Forum: By Share Code

forrestgump
Posted on: Aug 22 2011, 10:20 AM


Group: Member
Posts: 2,916

Lodge Partners research report dated last Friday.


Attached File(s)
Attached File  110816_GTG_Research_Update.pdf ( 151.75K ) Number of downloads: 155

 
  Forum: By Share Code

forrestgump
Posted on: Aug 19 2011, 12:38 PM


Group: Member
Posts: 2,916

QUOTE
He's Scottish. Glaswegian.


You would never know from his accent. biggrin.gif

(I suspect Wolv was being ironic/facetious)
  Forum: Off Topic Chat

forrestgump
Posted on: Aug 15 2011, 03:47 PM


Group: Member
Posts: 2,916

Everybody getting in on the act now.

Bioshares Weekly



QUOTE
Bioshares recommendation: Speculative Buy Class A
Four Picks in a Weak Market
Wider market weakness has played through to the biotech sector, causing large price decreases for many stocks. By the end of this week
some stocks had recovered some losses. However, several stocks stood out as attractive offerings, especially when the decrease from
their 52-week high was taken into consideration. We present four of these stocks.
Genetic Technologies (GTG) launched Brevagen, a diagnostic for
non-familial breast cancer in June in the US. The company estimates an addressable market for the test of 1.25 million tests per
annum. However, volumes of this magnitude will take many months
to achieve. The company has established Phenogen Sciences to
hold the US business and has now employed eight US-based
sales staff.
While Brevagen can be expected soak up capacity at GTG’s Fitzroy
labs, investors can take comfort with an improved cash position
following a capital raising of $11.7 million in July.
Bioshares recommendation: Speculative Buy Class A
  Forum: By Share Code

forrestgump
Posted on: Aug 15 2011, 11:09 AM


Group: Member
Posts: 2,916

Biotech Daily gets with the plan.

QUOTE
CELLESTIS, GENETIC TECHNOLOGIES, ALLIED HEALTHCARE GROUP
The ASX says Cellestis securities will be suspended from quotation at the close of trading
today, following lodgment of the court order approving the scheme of arrangement for the
Qiagen takeover with the Australian Securities and Investments Commission.
Biotech Daily hopes to continue reporting news on the now Qiagen-owned, Cellestis
developed Quantiferon Gold test for tuberculosis.
Genetic Technologies will be promoted into the Biotech Daily Top 20 Index (BDI-20)
replacing Cellestis from tomorrow, recognizing the significant news flow on acquisitions,
licencing and patent protection since the appointment of chief executive officer Dr Paul
MacLeman (BD: Apr 21, Nov 4, 2009).
Biotech Daily is cognizant of the legal issues related to founder Dr Mervyn Jacobson and
his family, but believes the company meets our criteria of interesting technology, benefit to
humankind and likelihood to deliver returns to investors (BD: Feb 18, 2011).
Allied Health will be promoted to the Second 20 of the BDI-40 replacing Genetic
Technologies (BD: May 19, 2011).
Cellestis last traded down one cent or 0.3 percent to $3.77.
Genetic Technologies fell 1.5 cents or 8.3 percent to 16.5 cents with 1.2 million shares
traded.
Allied Health was unchanged at 5.6 cents.


Full Article

Gump holds GTG and AHZ
  Forum: By Share Code

forrestgump
Posted on: Aug 3 2011, 08:05 AM


Group: Member
Posts: 2,916

FNarena provide a summary of the RBS Morgans analysis.
  Forum: By Share Code

forrestgump
Posted on: Aug 2 2011, 03:50 PM


Group: Member
Posts: 2,916

RBS Morgans have initiated coverage of GTG today also (I cannot provide it as I do not have permission).

It says much the same as the Lodge Report and has a buy recommendation with a price target of 47c

  Forum: By Share Code

forrestgump
Posted on: Aug 1 2011, 05:12 PM


Group: Member
Posts: 2,916

For your reading pleasure.
Attached File(s)
Attached File  Lodge_Partners_Research_Report__July_2011.pdf ( 437.63K ) Number of downloads: 314

 
  Forum: By Share Code

forrestgump
Posted on: Jul 18 2011, 11:01 AM


Group: Member
Posts: 2,916

C'mon guys, this is getting out of hand.

By all working together, through CSAG, we have managed to get Qiagen to offer $3.80 (instead of $3.55) for our shares. It is the best that we could achieve.

The CSAG Team have decided to vote FOR the increased offer.

There is no conspiracy. I have not been tortured, I still have all my fingers and toes (well, actually not but that's another story).

CSAG is not in possession of any information about the Company that is not publicly available.

Your vote is your own. It is your decision how you vote.

(there are no hidden messages in this post).



  Forum: By Share Code

forrestgump
Posted on: Jul 11 2011, 04:36 PM


Group: Member
Posts: 2,916

G'day Whisper,

Let me just put this to rest.

Nobody in CSAG traded any shares with the knowledge of the potential or realisation of this event. To do so would have been insider trading. In my opinion, anybody convicted of insider trading should be in gaol.

My soft skin and boyish looks alone would assure that I would not take the risk of such an outcome.

And, just to answer the next question. No, nobody in CSAG received any benefit from this outcome, other than the increased offer price that we all stand to receive.

While I am here. I know that there are many questions that people might want answered. Unfortunately, and I hope you understand, I am very limited in what I can say.

All I can ask is that you take into account my history and accept on faith that I and CSAG have done the right thing by you. Of course your vote is your own and you will make your own decisions. We only ask that you make your decision after careful thought.

  Forum: By Share Code

forrestgump
Posted on: Jul 8 2011, 01:40 PM


Group: Member
Posts: 2,916

Yep, I wasn't imagining it. It is around the 39 minute mark.

Tests sold last year = 2.7m

That is an increase on the previous year of 42%.


  Forum: By Share Code

forrestgump
Posted on: Jul 8 2011, 01:28 PM


Group: Member
Posts: 2,916

I really don't want to drag through the webcast again.

My scribbled notes say that Dr. Radford said that test sales for FY2011 were 2.7m tests. Can anybody confirm that?

If this is true then we have an answer to the question of what has been the growth in underlying sales.

FY 2010 Sales were 1.9m tests

If FY2011 Sales were 2.7m tests then Sales have grown by a massive 42%.

I guess it is not unfair to call 42% as "in line with the forecast of 30% to 40% growth".

  Forum: By Share Code

forrestgump
Posted on: Jul 8 2011, 12:30 PM


Group: Member
Posts: 2,916

For anybody that missed the webcast, it is available to listen to now at THIS LINK


  Forum: By Share Code

forrestgump
Posted on: Jul 8 2011, 10:24 AM


Group: Member
Posts: 2,916

The free basic version of realplayer is working fine for me.
  Forum: By Share Code

forrestgump
Posted on: Jul 7 2011, 04:02 PM


Group: Member
Posts: 2,916

As much as I might be seen to be an "Oliver Twist", it would be nice to have more.

The IE has provided a value that includes a figure for Cash on Hand at $22.5m.

That pretty much equates to the Cash on Hand as at 30th June 2010.

I wonder what the Cash figure is now? (adjusted for Accounts Payable and Accounts Receivable would be just swell).

  Forum: By Share Code

forrestgump
Posted on: Jul 7 2011, 03:44 PM


Group: Member
Posts: 2,916

Well, there you go!

Two lessons in one day.

1. Always listen to your elders.

2. Ask and ye shall receive.





  Forum: By Share Code

forrestgump
Posted on: Jul 7 2011, 11:16 AM


Group: Member
Posts: 2,916

G'day Elleburra,

Maybe it was me.

I have now learned my lesson. Listen to my elders. biggrin.gif

  Forum: By Share Code

forrestgump
Posted on: Jun 27 2011, 07:12 PM


Group: Member
Posts: 2,916

QUOTE
It is very much starting to feel like the directors are selling the company rather than QI are buying the company.


That, unfortunately, is exactly what a Scheme of Arrangement is.
  Forum: By Share Code

forrestgump
Posted on: Jun 24 2011, 03:22 PM


Group: Member
Posts: 2,916

My memory tells me that a "Matilda" is a sheep and "waltzing Matilda" means rustling a sheep.

But I might be wrong.

Would you like me to value the sheep?

  Forum: Off Topic Chat

forrestgump
Posted on: Jun 22 2011, 06:37 PM


Group: Member
Posts: 2,916

Ohhh... D'Lids ... you genius.

This goes straight to the Pool Room.

  Forum: By Share Code

forrestgump
Posted on: Jun 22 2011, 11:51 AM


Group: Member
Posts: 2,916

QUOTE
still a healthy 30% increase year on year.


And don't forget that that Earnings figure will be after having expensed most, if not all of the one-off $1.9 cost of Cellestis running this SoA. (I must admit to choking on my Just Right when I read that we should vote YES so that we would not have to pay the $1.9m because the new owners would pay it out of the cash in the Company that they want us to give them)

It actually looks to me that 2011 may have been a cracker year.

I see no reason whatsoever that we should not be provided with the 2011FY figures after the 30th June and before the vote.

  Forum: By Share Code

forrestgump
Posted on: Jun 18 2011, 05:52 PM


Group: Member
Posts: 2,916

G'day mongerel,

I'm assuming that the 34% figure was taken from our first press release. I can assure you that our numbers continue to grow and are now actually above the 38% level.

  Forum: By Share Code

forrestgump
Posted on: Jun 3 2011, 09:55 AM


Group: Member
Posts: 2,916

QUOTE
they should be prepared to justify the claim.


G'day Squiggs,

Just to put your mind at rest, we have formally offered Cellestis the opportunity for their representative to inspect our numbers. They have accepted our offer but have not yet attended to do so.

We stand by our numbers (which continue to increase daily).

We are seriously not playing silly games here.


  Forum: By Share Code

forrestgump
Posted on: Jun 1 2011, 10:36 AM


Group: Member
Posts: 2,916

It is annoying that Cellestis have delayed the timetable again. (Scheme Documents not to be released until the week commencing 20th June).

However, I can assure you that the CSAG Team remains and will continue to remain dedicated to seeing this issue through, no matter how long it takes.

  Forum: By Share Code

forrestgump
Posted on: May 24 2011, 03:51 PM


Group: Member
Posts: 2,916

G'day mongerel,

Yes, proxies will also be counted for the 50% vote.

The whole proxy/voting issue is very important. We need every NO vote to be correct and valid.

The CSAG team are working through this matter very carefully at the moment. Subsequent to the release of the scheme documents we intend tp provide some detailed guidance. At past AGM votes it has not been as important as it is for this vote. For this vote we must all be very carefull to ensure that our votes ate both valid and are cast to our desired outcome.
  Forum: By Share Code

forrestgump
Posted on: May 20 2011, 08:11 AM


Group: Member
Posts: 2,916

Maybe I'm just too logical.

I note that a number of Cellestis shares are being sold into the market each day. That is, of course, anybody's right.

However, I have noted a few comments that people are hoping to sell now and buy them back lower when the Scheme fails.

The problem with that is - who are you going to buy them from? Somehow, I don't think that Centaurus are a charity that is going to hold your shares for a few weeks then sell them back to you for less than they paid you for them (don't be misled - Centaurus are fully aware that this Scheme is destined to fail). Likewise, I don't think that the people (like me) that believe in this business are going to hold their shares now and sell them to you for a lower price in a few weeks time.





  Forum: By Share Code

forrestgump
Posted on: May 20 2011, 07:48 AM


Group: Member
Posts: 2,916

QUOTE
The opposition to the SoA has to translate into action and Qi will be banking on a degree of indecision, procrastination, second thoughts and downright sloppiness to carry the day. Still anyone's game, IMO.


I can tell you that CSAG is not suffering from "indecision, procrastination, second thoughts or downright sloppiness". Anybody that is relying on that is sorely mistaken.

We are working (many of us full time) on this every single day.

We are absolutely determined to defeat this Scheme.

I believe we have stated our case very clearly to date. We will continue to do so as events roll on.

We all have a relatively rare opportunity here to demonstrate that "retail shareholders" are not roadkill that can be run over at will.

  Forum: By Share Code

forrestgump
Posted on: May 12 2011, 03:11 PM


Group: Member
Posts: 2,916

Everybody received their first letter from CSAG?

Just letting you know that we have sent it to every single one of the 5000+ Cellestis shareholders.
  Forum: By Share Code

forrestgump
Posted on: May 11 2011, 10:14 AM


Group: Member
Posts: 2,916

G'day D'Lids,

I have sent you an IM.
  Forum: By Share Code

forrestgump
Posted on: May 3 2011, 05:39 PM


Group: Member
Posts: 2,916

QUOTE
No matter what approach one uses you can’t keep a d’lid on that NPV.


Boom boom smile.gif
  Forum: By Share Code

forrestgump
Posted on: May 3 2011, 04:01 PM


Group: Member
Posts: 2,916

QUOTE
I assume that a " not " is missing


Well spotted.

How embarrassment.

  Forum: By Share Code

forrestgump
Posted on: May 3 2011, 03:24 PM


Group: Member
Posts: 2,916

QUOTE
... who don't have an endearing love of dcf calculations ...


Yes, that is why my valuation post was so long. I really want people to be able to think about and own their own valuation. The truth is that my post was the abridged version - I could have gone on forever. I hope that I have been able to convey enough of the principles for it to be useful.
  Forum: By Share Code

forrestgump
Posted on: May 3 2011, 02:07 PM


Group: Member
Posts: 2,916

Hi D'Lids and thanks for your comments.

I am not by any means trying to say that Risk does not exist and is not different for different investments.

The only difference, I guess between us is where in the process of (e)valuation we try to account (or allow) for the risk.

If you are able to somehow quantify the risk of a specific investment and include it in the Discount Rate then you do not need to account for that same risk again in other parts of the process.

The important point is that anybody that is managing an investment should have the appropriate (for them) tools and the knowledge of how those tools work. We will each come up with our own value on an investment and that is good.

However, in this particular case I would imagine that we would all agree on one thing - the $3.55 offer from Qiagen does come even close to representing the Value of the business of Cellestis.
  Forum: By Share Code

forrestgump
Posted on: May 2 2011, 02:59 PM


Group: Member
Posts: 2,916

Should all be fixed now.

Either csag-blog.com or www.csag-blog.com should be fine.
  Forum: By Share Code

forrestgump
Posted on: May 2 2011, 12:53 PM


Group: Member
Posts: 2,916

My apologies.

It looks like we will need to wait while the new DNS records propagate though the Internet. Apparently it can take anything up to 48 hours.

  Forum: By Share Code

forrestgump
Posted on: May 2 2011, 12:15 PM


Group: Member
Posts: 2,916

G'day,

Just a quick note.

The CSAG blog is now available at the simpler web address of csag-blog.com

The old address ( cellestisshareholdersactiongroup.blogspot.com ) still works but I am sure you will agree that the new address is much easier.

More significant information will be posted on the blog this week.

  Forum: By Share Code

forrestgump
Posted on: Apr 29 2011, 11:47 AM


Group: Member
Posts: 2,916

G'day fellow shareholders,

Can I just say that some of the conversations that seem to be going on are leaning to the non-productive.

I don't believe that anybody benefits from the pejorative name calling and assumption of presumptive criticism that seems to be pervading both ends of the opinion scale.

We have been presented with a situation and all we can do is to deal with it in the best way that we can. Civil discussion may certainly help in achieving an outcome that is better than that currently on the table. There are a range of possible outcomes. No doubt those of you that have been thinking carefully about this (as I have) would have some idea of what those outcomes might be. (Winding the clock back to exactly how things were prior to the 4th April is unlikely) I am very confident that a purchase of our shares by Qiagen at $3.55 is not an outcome that will happen.

We are grown ups. We are working in a grown up world. It's not always fair. However, if we work on this with all of our combined knowledge and intellect we can most certainly improve our own positions. Insulting each other will achieve nothing - really.

enniscorthy, a special note for you. I understand your anger, rage and disappointment, I really do. It is not up to me to tell you how to deal with this current event. However, can I suggest that you redirect your obvious energies into helping all of us to achieve a better outcome than that currently proposed. We really can improve our lot. For me, that is much better result than the short term gratification that we may get from venting our spleen.

Life goes on. Smile, think, pat your dog.





  Forum: By Share Code

forrestgump
Posted on: Apr 28 2011, 08:43 PM


Group: Member
Posts: 2,916

G'day Alfa,

I fully respect your right to have an opinion that is different than mine.

However, I actually personally resent the characterization of me, the incorrect statement of my actions and the criticism of my motives that might be read into your posting:

QUOTE
Well here we are on the island.

Its Lord of the Flies revisited and Gavin and Forrest hold the conch. The adoring, baying increasingly bloodthirsty crowd gathers round.

Its been entertaining watching this self congratulatory crusading mob backslap each other and rah rah all of the fellow islanders as they demonise mangement, directors and all associated with the establishment and growth of Cellestis. Man we could get a lynching happening no problem! Up yours the 2 Rs, one for you in the eye Bennetts, burn Pitcher at the stake. Some of you behave like classic schoolboy coward bullies with snide comments about $40 million payouts, post takeover jobs etc. safe in the mob.


I have not once engaged in any of the "snide comments", personal insults or other actions that you seem to be implying.

In fact, I am approaching this entire episode with much thought and in a purely businesslike manner.

Yes, I have a personal motive - I believe that the shares that I own are worth more than what I am being asked to sell them for. However, believe it or not, my motive goes well beyond that. I truly believe that we small shareholders have rights and have the right to make our own informed decisions. I do not have the right or the power to force anybody to vote in any particular way. However, I do have the right, in my small way, to try to ensure that everybody understands their position and their choices.

  Forum: By Share Code

forrestgump
Posted on: Apr 26 2011, 02:54 PM


Group: Member
Posts: 2,916

Thanks nebo,

That document is the result of a dedicated team of investors that have been closely watching Cellestis for a number of years. I certainly cannot solely take the credit.

Don't forget to REGISTER There is much more information to come. We need every single investor, both large and small, to be in possession of all of the facts about the Company that we own and this proposed takeover.

If we all stand up to be counted, we can make a difference.



  Forum: By Share Code

forrestgump
Posted on: Apr 22 2011, 05:04 PM


Group: Member
Posts: 2,916

QUOTE
Something that bothers me and perhaps someone can explain ..

CST has an EPS of 10c and 96 mil. shares on issue.
Qiagen has 233 mil. shares on issue. So, if CST had as many shares as Qiagen, the EPS would be around 4c.

In the Qiagen shareholder presentation they stated that they expected from the purchase of CST, 2011- double digit growth, no change to EPS and 2012 - substantial double digit growth, accretion in EPS of 2-3c. Maybe this is in Euro cents, so this may be 3-4 Aust cents.

So, after two years of double digit growth, the contributions to earnings is the same as present ?! Are we being taken for fools, or have I missed something ?


You have hit on an important point that I was going to get to eventually. They might be trying to take you for a fool but you are not one ... you have identified a little, shall we say, misleading information.

(All figures in $US)

Qiagen say that the CST business will be 2-3c accretive to EPS in FY 2102. Let's say 2c. With 233 million shares that comes in at a bit under $5m (let's call it $5m)

What, you say? $5m? I thought that CST would generate much more profit than that in 2012.

They will.

Qiagen currently have about $900 in cash. That is earning them interest that shows in the bottom line (EPS). If they spend $350m on buying CST then that is $350m that will not be earning interest. That lost interest comes off the bottom line. So ... the actual Earnings that they expect to make from CST in 2012 is $5m plus the lost interest on $350m.

Let's say that they are earning 4% (I'm sure you can find out the correct figure if you are keen enough). $350m at 4% = $14m.

So they are actually saying that they expect CST to generate profits of at least US$19m in 2012.

Now, before they say "Synergistic benefits", I say BS. I doubt that there will be any synergistic benefits from this takeover as early as 2012. In actual fact, it is quite likely to be the reverse.

I'll let you work out some of the other interesting things that flow from this. Here's a hint. The current PE of Qiagen is 34.38.

  Forum: By Share Code

forrestgump
Posted on: Apr 12 2011, 09:58 AM


Group: Member
Posts: 2,916

Apologies.

The email address for the Cellestis Shareholders Action Group is cst.shareholders@gmail.com

  Forum: By Share Code

forrestgump
Posted on: Apr 12 2011, 08:46 AM


Group: Member
Posts: 2,916

Good Morning,

Last night the first email from the Cellestis Shareholders Action Group (CSAG) was sent out to everybody that has registered.

One or two people have reported to me that it went to their Junk or Spam folders. If you haven't received it, please check there and adjust your spam setting accordingly.

If you believe that you should have received the email but have not then it may be that the email address you supplied is incorrect. If that is the case, please email to cellestis.shareholders@gmail.com with your details so that I can correct the database.

Of course if you have not yet registered, then -

REGISTER
  Forum: By Share Code

forrestgump
Posted on: Apr 11 2011, 07:31 AM


Group: Member
Posts: 2,916

G'day mlbeitz,

Yes to all of that.

I am hopeful that those that have registered will receive initial communication today or tomorrow. I apologize that it is taking time but everything has to be exactly right.

In the meantime :

REGISTER


  Forum: By Share Code

forrestgump
Posted on: Apr 10 2011, 06:34 PM


Group: Member
Posts: 2,916

FrankJ,

Thank you for bringing up the issue of Forex. There will be a lot to be said about this down the track. However I just wanted to make some quick points now to prevent people from misinterpreting how the Forex impacts the value of CST.

Cellestis is a growth Company (The fact that unlike many other "growth" Companies, CST makes profits and pays dividends is a bonus). As a growth Company, the measurement of the growth metric is essential in valuing the Company.

We know that the $A has risen, risen and risen some more in recent times. It is the RISE itself that mutes the growth figures that are reported in the financial reports, not the level of the $A. When the RISE stops (as it surely will, eventually) then the true growth will flow all the way through to the bottom line and will be clearly assessable by everybody. In simple terms, what I am saying is that if the level of the $A was to remain stable for a full financial year (at any level) then the spectacular growth that CST is demonstrating in various overseas markets would translate into the very same growth rate expressed in $A.

I am sure that I don't need to point out to you that when the $A falls then the overseas growth will actually be amplified in $A.

As I say, there will be much more to be said about this.
  Forum: By Share Code

forrestgump
Posted on: Apr 9 2011, 08:04 AM


Group: Member
Posts: 2,916

I am taking a day off from this today. I need to recharge the batteries for the battle.

Can I just say at this point, without being too specific, that it appears that we now have well over 25% of shareholding expressing their intention to reject this offer.

However, we cannot afford to be complacent. We need every share and every shareholder to register. It is vitally important. The most important contribution that you can do at this juncture is to register yourself and ensure that every single shareholder also has the opportunity to register.

Next week I hope that we will be able to commence formal communications to you all. I apologize that we have not been able to get back to you all individually (the response has been overwhelming) to respond to your comments and questions. Please bear with us, we are moving as fast as we can! From a standing start on last Monday morning we believe that we have progressed extremely well. Our progress will only accelerate from this point.


REGISTER
  Forum: By Share Code

forrestgump
Posted on: Apr 8 2011, 08:58 PM


Group: Member
Posts: 2,916

Don't panic Birchwood. At this stage just your name, email and total number of shares that you speak for is fine. We will ultimately contact you when we need formal details.
  Forum: By Share Code

forrestgump
Posted on: Apr 8 2011, 05:59 PM


Group: Member
Posts: 2,916

Birchwood,

Thanks, you reminded me of something that I have been meaning to mention but keep forgetting.

The way this "takeover" has been structured, every single shareholder counts. It doesn't matter if you have 500 or 5,000,000 shares, I want you to register. It doesn't matter how much you stand to lose or gain - as a shareholder you deserve to have your rights protected.

REGISTER
  Forum: By Share Code

forrestgump
Posted on: Apr 8 2011, 03:22 PM


Group: Member
Posts: 2,916

I am sure that there is some frustration out there that you have registered but not received any direct communication yet. Please be patient. There is a whole bunch of people working hard behind the scenes. We are aware that time is relatively short but also that our actions must be well thought out. Your offers of specific help are also appreciated and will be called upon if and when needed.

  Forum: By Share Code

forrestgump
Posted on: Apr 8 2011, 03:17 PM


Group: Member
Posts: 2,916

There are currently quite a few articles appearing in the press about this takeover. (Google search in News for "cellestis").

It will be of value if as many people as possible express their feelings about this action in the Comments section that most of these articles provide.

It will, of course, do our cause the most benefit if such comments are rational and factual.


  Forum: By Share Code

forrestgump
Posted on: Apr 8 2011, 11:36 AM


Group: Member
Posts: 2,916

Just adding, I am reading all the offers of support and comments that you are entering into the registration form. Don't for one moment think that I am overlooking them or taking them for granted. I apologize that I am not able to say much substantive in a public forum at this early stage.

Keep rounding them up.

REGISTER


  Forum: By Share Code

forrestgump
Posted on: Apr 8 2011, 09:46 AM


Group: Member
Posts: 2,916

Just a small administrative request.

I am receiving a significant amount of correspondence via the SS IM system. I find that system to be quite slow and cumbersome. Given that I am currently dedicating every waking moment to this issue, I need to use my time to maximum efficiency.

Could I request that if you need to contact me directly that it is done by email at forrestthinks@gmail.com

Thank you for your consideration.

  Forum: By Share Code

forrestgump
Posted on: Apr 8 2011, 09:26 AM


Group: Member
Posts: 2,916

At this point I am not going to state in public the number or total size of registrations, for obvious reasons. However I can say that, in less that 24 hours we have surpassed 10%

We need more. I have personally found several friends that were totally unaware of the takeover proposal. I am sure that many of you have similar friends. We must hunt every one of them down and give them the opportunity to join our cause for a better outcome. That is your job.

REGISTER
  Forum: By Share Code

forrestgump
Posted on: Apr 8 2011, 09:15 AM


Group: Member
Posts: 2,916

Rog has posted on his BLOG the presentation by Qiagen extolling the virtues of this Scheme to their own shareholders.

Be sure to click on the link in the blog to read the full details - most interesting.
  Forum: By Share Code

forrestgump
Posted on: Apr 7 2011, 04:16 PM


Group: Member
Posts: 2,916

UPDATE.

Whilst I am cautious about saying too much in a public forum, I want everybody to know that we are working hard at this. I don't want anybody to lose heart. We will achieve a better outcome.

We are trying to set up some communication channels.

We are working towards getting legal advice.

We are pushing hard for publicity.

We are trying to nut out a strategy.

and much more.

Any help with any of these from you will be gratefully received.

  Forum: By Share Code

forrestgump
Posted on: Apr 7 2011, 03:38 PM


Group: Member
Posts: 2,916

Can I just suggest in the nicest possible way that we use our energies to work for a better outcome, rather than argue about how we have been "dun down".

We probably all feel aggrieved. However, whilst expressing our anger may make us feel a little better, it is not going to improve our lot.

I and many others are working very hard to improve our situation. We cannot do it alone.

The very first thing that everybody can do is to pull together by registering here

Secondly, ensure that everybody that you know that is a CST Shareholder does likewise. Bear in mind that there are many shareholders who do not read SS (or even the Internet).

Also, please distribute this request anywhere and everywhere on the internet where it can be of benefit.

  Forum: By Share Code

forrestgump
Posted on: Apr 7 2011, 12:48 PM


Group: Member
Posts: 2,916

ACTION

Firstly let me make a statement.

"I reject the offer of $3.55 for my shares in Cellestis"

Now.

If we are to achieve a better outcome for ourselves then we must work together towards that. There are probably only a handful of times in most persons lives where they need to stand up and be counted. This is one of those times for us.

Over the coming days we will need to better define our final objectives and put together an action plan. Regardless of what these may be, our first step is to build a communication structure. To that end, I have put in place a simple mechanism to collect details of shareholders who wish to support this fight. At this stage I am not asking anybody to commit to any action or outcome - simply a desire to act to achieve a better outcome than that currently being proposed.


It is vitally important that we have as many people as possible register on the form linked below. It doesn't matter how many shares you have - every vote is vitally important. Whatever action we, as a group, decide to take it will only succeed if each and every one of you registers. Furthermore, there are many shareholders that will not see this post. I am relying on you to spread this word. Email it to every person that you know that is a CST shareholder. Speak to everybody that you know is a CST Shareholder. Repost this on every forum, blog, website that you have access to.

At this stage I am only asking for very basic information from you. I do, however, know that we all value our privacy. I promise to you that the personal information that you provide will not be made available publicly and will only be used for the purpose of this action. At the end of this action all information provided will be destroyed. I think that everybody here knows that I am a man of my word.

As a show of good faith I am willing to do something that I have never done before.

My name is Vic Bula and I can be contacted at forrestthinks@gmail.com.

Make no mistake. This is a battle that we can win.

Please register here.


  Forum: By Share Code

forrestgump
Posted on: Apr 7 2011, 12:11 PM


Group: Member
Posts: 2,916

More from Intelligent Investor.

You MUST read this.

Intelligent Investor Blog
  Forum: By Share Code

forrestgump
Posted on: Apr 7 2011, 08:49 AM


Group: Member
Posts: 2,916

Good Morning Everybody,

Just a pre alert.

I have rearranged my personal life (yes, I do have one) in anticipation of dedicating myself to the battle for the next few months.

Today I hope to take the first steps to putting an organization into place. I am not by any means placing myself in control of the organization. Just putting the first steps in place that will benefit us as we move forward.

We have many good people on our side.

Please everybody, maintain your enthusiasm and cohesion. Together we WILL win this. (I have a feeling that I am going to be saying this a lot - it's important).
  Forum: By Share Code

forrestgump
Posted on: Apr 6 2011, 03:07 PM


Group: Member
Posts: 2,916

Thank you rossaj,

Your point is well made. It is all and good to vote NO but we need to have some idea of where that leads us, what choices of outcome it gives us and where we finally end up.

As I have tried to detail, I am trying to make considered decisions - I will not simply jump in to make a decision based upon my own emotions. As we always have throughout this entire ten year story, we must make businesslike decisions.

I'm still working on it.

Ultimately, I don't know who will lead the charge - it is a big responsibility and requires somebody with an appropriate skill set. At this point, I feel that we need to continue to work through this for another day or two before we might be in a position to assemble some formal organization. I can assure you that there is much going on behind the scenes as we speak.

These are just my thoughts - others may feel differently.

In the meantime, we must all be committed to maintaining our commitment to working together.
  Forum: By Share Code

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