maxicharts

GFF.........

This one seems well forgotten about.
According to trading statement (26.09.05)results should be in excess of the following: T/O trebled from 3.3m > 10M+, PBT doubled from 454K to 900K+

31.03.04 T/O 1.15, PBT 0.14, EPS 0.62
30.09.04 T/O 2.16, PBT 0.31, EPS 0.61
31.03.05 T/O 4.70, PBT 0.45, EPS 0.82
30.09.05 T/O 5.40(PR), PBT 0.46(PR), EPS 0.83(PR)

EPS full yr = 1.65 x sector ave pe 14.6(PR) = 24.1p
Current pe in region of 4
Dilution due to maturing loan note, still leaves it on pe=5.

Since the trading statement, they have realised 1.325M thro the sale of shares in Firenze, PearlStreetHoldings and Worldwide Natural Resources shares.
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IDN....

The share appears to have been dogged by a share overhang due to the ex ceo offloading his shares (originally 30%, now left with 5.2%)I believe that the company is still performing strongly and the overhang situation will be rectified this year, which will result in a re rating.

30.04.04 T/O 6.02, PBT 0.28, EPS 0.08
31.10.04 T/O 7.00, PBT 0.38, EPS 0.11
30.04.05 T/O 7.21, PBT 0.43, EPS 0.12
31.10.05 T/O 8.80(PR), PBT 0.54(PR), EPS 0.25(PR)

Earnings appear to be always weighted to H2.
Growth this year should come from a new contract with the Federation of Small Businesses. Growth last year came from a similar tie up with BIBA(Insurance brokers). Also, measures being undertaken to provide an enhance VOIP package, which should help to increase margins. House broker has recently issued an outperform rating also.

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EEN..... (Oil Play)

Relatively 'new' management, that have had long enough to turn this company around. Very steady management, targeting lower risk prospects, showing seven out of seven drilling success. The production has been ramped up from a few hundred bopd to currently over 4800 bopd and this is being restricted until handing facilities have been completed at end of year.

Latest interims:

LONDON (AFX) - Hydrocarbons producer Emerald Energy PLC reported a sharp
upturn in pretax profits in the first half to 3.27 mln usd against 932,000 the
previous year, with turnover almost quadrupling to 12.4 mln usd.
The company said its overall production increased over six months to an
average 2,745 barrels of oil per day in June from 2,344 bopd last December.
Emerald said it planned to drill at least four exploration wells and a
number of development wells over the next twelve months.
"The thrust of operations will continue to be early production from newly
drilled wells and optimisation of fields that have been put on production," said
Emerald chairman and chief executive Alastair Beardsall.

Add to this, that these figures are obtained on their smaller prospects and that the two giants are not yet developed (Gigante field columbia, 50% block 26 syria) and huge growth in this company looks set to continue for several years.
It also appears to be getting brought up to speed at exactly the right time to maximise gains from the current oil prices.
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OXB..........(not on current fundies - purely potential)

This pharma play, is currently pulled lower due to a placing, where the funds raised will enable them to take one of their lead drugs thro to phase111 trials, which at a single stroke increases their bargaining power if a predator does come calling. They have an extensive pipeline of developements and several products already licensed out to other co's. High risk play with huge potential.



Way too much info to condense effectively.


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DGM.........(recovery choice)

This one i feel has been grossly overdone in the drop (due to losing one of their main customers and some delays in software implementation) They are however still profitable, however the upturn in their fortunes is not expected until H2 06, by which time most of the issues should have been addressed.

Trading Update

Following a thorough review of the Group's operations, the Board expects that
the profit before tax (excluding amortisation) for the year ending 31 December
2005 is likely to be #800,000.

Two issues will have a material impact on the Results to 31 December 2005
following the trading update of 23 September 2005.

Delays to the full implementation of DGM Pro, the Group's new proprietary
tracking technology, will result in the Group incurring one-off additional
programming and technology costs of #275,000. As a result of this there will be
an additional reduction in profit across the business amounting to #100,000.

The second issue relates specifically to two current customers which are
temporarily unable to implement technology changes on their websites to allow
planned campaigns to run before the New Year. This will result in a loss to the
business of #225,000.

The Group expects that efficiency gains related to DGM Pro will be seen in the
second half of 2006.

The Group remains operationally profitable, cash generative, and positioned in a
high growth sector.
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I think that, reading the last line in particular, the drop from 25p, down to 4p is way overdone and even at 8p the recovered sp should not be over demanding.