That is not what the chairman wrote and it is mischievous to claim that he did. What he reported was this:
I am pleased to report that the Company's turnover in the six months ended 31
December 2014 was �2,583,000 (2013: �2,609,000), resulting in a loss before
taxation of �142,000 (2013: loss of �244,000) and a profit after taxation of �
50,000 (2013: loss of �190,000).
That may be only a marginal improvement on the previous year but it is still still an improvement. You did not comment on what followed in the report. A number of positive points give cause for optimism and suggest that the tanker is turning.
* OFF TOPIC but important that all AIM investors understand the pitfalls of investing in stocks that are being shorted down to rock-bottom levels? So you think that is 'cute', now you can buy at the lowest sp for months.........you've gotta be kidding...read on:-
UPdate...epitition (closes 24th September 2014, so still plenty of time to get those votes in)
A lot of irate investors ... are voting for this campaign...?
# Thanks to all those that have supported this HMGovt epetition !
~~~~~ *3,891 voted so far~~~~~(That's a lot of irate investors?)
~~~~AND THEY CAN'T ALL BE WRONG ?
HMGovt epitition to make short-selling illegal (or better regulated?)
What a great way to start 2014. A 16% rise in a single day. Good luck to all who kept their shares tucked away in a dark cupboard. I'm glad I topped up with a buy at 2.3p back in April 2013 as a means of lowering my average. Still a long march ahead but I think I see lights on the horizon....
got this snipet from a trusted source on LSE, i have been buying today and this week
PIP a very interesting AGM with a fair number of shareholders. They have got about £10m of potential orders and hope to get 50%. Double digit growth expected. Company accounts suggest growth of 15% in intangibles part. Margins being maintained and they are working flat out re warehouse expansion almost complete with just heating system to go. (more to follow)
Results show a general improvement with revenue well up and signs that the company has turned the corner. Getting in on down days at this kind of price level could be a worthwhile strategy if things keep on track.
My guess is that people are expecting a few more positive signs of progress when the final results are published. Last year, results were out on the 22nd October.
Remember, however, that some people buy on the rumour (or the expectation) and sell on the fact, so it does not follow that on the day of publication good results will necessarily cause the SP to rise. It may even fall, as traders take profit.
Can't believe I am alone on this desert island. Hello? Hello? Anybody there? I suppose that was just an echo....
Well, if any ships happen to stop by, I shall be sure to inform wading ashore that I have now invested some of my hard earned cash in a new tranche of PIP. I finally mustered the courage and the cash to pick up a small tranche on a fill or kill (20,000 at 2.35p, which was promptly executed). That brings down my average considerably. I shall probably do the same again in the next couple of weeks, as it costs virtually nada..
My rationale? Well, first of all, things seem to be picking up. Secondly, I have a lot of respect and admiration for a director who shoves in a huge amount of his own money to keep things ticking over until sales and income improve. Thirdly, I shall be too old to spend any profit if I wait for a return to 16p+, so this helps quite a bit by bringing my average down to circa 7p. The next tranche shoould get me down to 5p-ish.
I would be interested to hear from anyone still actively engaged with this company or thinking of climbing aboard.
Hey! Pipehawk has survived the difficult years. That's got to be good.... Only so many bunks left here on board, unless, of course, you want to pay top dollar.
The RNS yesterday re the contract win (a renewal with Kingspan) is very good news and would appear to confirm the improving status of the company. As a disappointed onlooker (and shareholder) over some years, I am now beginning to feel happier and wondering whether it is a good time to top up at these prices in order to bring my average buying price down to ground level.
someone sold at 2p ive done a dummy trade and quoted 2.75p ive found its best to do some dummy trades first before selling. by tradeing two or more smaller amounts you can gain a few extra £, this bulk seller could have made a few hundred pounds more by pressing the button an extra time
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