Your Top share for 2011

sabretoothtigger

This is my most beat up share, its halved again recently on more fears. The actual business is still producing so maybe its the cheapest business on the market today ?


ZEN
Mkt cap 4.55M*

· Current Group cash balances are approximately £6 million.

http://www.iii.co.uk/investment/detail/?display=news&code=cotn:ZEN.L&action=article&articleid=8356584




Lost 98% in 30 months, makes RBS look good. My point would be if RBS is a share worth buying why ignore this one, its far more likely overlooked

Ark_Welder

sabretoothtigger wrote: »

My point would be if RBS is a share worth buying

Is it? With a state holding over 80% which is likely to be sold at some stage then there is limited upside until then. Also, the ongoing problems with MBS investigations in the USA.

blinko

Gosh sabretooth why ZEN the graph looks horrible

sabretoothtigger

Its one of the very smallest holdings I have, no big deal. The thing is they hold patents for unique techonolgies in superconducting, it would be alot better if they had say the resources of IBM to utilise and market those but they do produce.

If the shares did go to zero its possible the break up value of the company would exceed any liabilities at that time. In theory the patents are worth millions?
The company has no debt, the share price is awful and thats how they funded their cash burn? Its a long way I think from a dot com type failure etc

Thats why I bought anyway (this year), seemed reasonable not that Im an expert on their products but efficiency matters on large scales.
Korea put a whole city on superconducting tech because it pays itself back over a decade or whatever.
Maybe coming inflation in energy costs will make it more obvious, but they only have like 1 year left?


Is there a low limit at which companies are forced to delist. Far worse potentially for me is SKR who are delisted, I wonder what is their problem

Ark_Welder wrote: »

Is it?

Im not sure but meanwhile they suffer from no lack of interest. Lowest so far has been 19p for them which again when you consider the assets is a low price, its far harder to say in that case due to debts

bobbyj_2

CAD may well come alive this week.

chris_m

Why's that, mate?

amictus

bobbyj wrote: »

CAD may well come alive this week.

CAD seem to have dropped more or less in line with FTSE100. There's been no significant news reported. Were you expecting something specific?

blinko

CAD has some serious issue with 39p bid and ask never seem to cross it !!>>?? but it does tend to hold well in adverse market conditions

cloud_dog

chris_m wrote: »

Why's that, mate?

On CAD, I think we're due a drilling update.

MXP seem t okeep finding oil but doesn't seem to do much to the SP. Dam the company will they never learn.

Other than the market turmoil I think 'Mr Market' is waiting on confirmation of flow rates from the various wells and revised P2.

cloud_dog

sabretoothtigger wrote: »

Is there a low limit at which companies are forced to delist. Far worse potentially for me is SKR who are delisted, I wonder what is their problem

I hope you don't mean 'delisted', as currently they are suspended.

SKR is AIM listed so there is a timescale of 6 months before they must delist (from AIM).

EDIT: I thought they had suspended due to 'short-term financial reasons' but its been over 7 weeks now without a communication which is somewhat worrying. I think SKR are another 'great prospects', 'lousy management'.