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Thanks - I can see that there is a market for cards for the "unbanked masses". It would provide a way to order things online amongst other uses.
What exactly does cards of "networking opportunity" mean?
What would that number be?
HHSE My guess knowing these guys is 2 days means 4-5 days.
I do think Value Digger's responses to people questioning his thesis has been very unimpressive. Today he was on there threatening that once the company sees a commenter's anti-PTAXF speculation (they were questioning the reality of the company's cash balance - silly, yes but..) they will take legal action against him?? He is a guy who won't admit to any negatives whatsoever, loses him some credibility.
Surprised this one's been staying so cheap.
PTAXF Increased my position by 120% this morning at $0.154.
PTA.V down 15% to $0.195 CAD today, Thanksgiving. Value Digger noted company's cash is up to $70M from $63M at Sep 30 -- info from recent Annual Meeting maybe. Reverse split approved.
This should be a bottom. What more can happen? Everyone was waiting for OPEC decision -- now it's in. That's that?
Petroamerica Announces 2014 Third Quarter Results Including the Suroco Acquistion
http://www.newswire.ca/en/story/1452807/petroamerica-announces-2014-third-quarter-results-including-the-suroco-acquistion
Petroamerica Announces 2014 Third Quarter Results Including the Suroco Acquistion
http://www.newswire.ca/en/story/1452807/petroamerica-announces-2014-third-quarter-results-including-the-suroco-acquistion
Well I just bought in so I am a beneficiary of his selling.
Isn't the point that his selling is on an automatic plan? I don't take it as an indicator of anything.
Yeah it is simple: it doesn't. That was my point.
Well, here's hoping something good's up..
My first inclination is to think that they are calling a bottom in the stock price -- to minimize their tax due upon exercise... However, I am not sure if that is applicable. Depending on whether these are Incentive Stock Options or Non-qualified Options, I think the tax treatment is different. In one case, market price at exercise is more relevant than in the other case, though I'm not sure which is which.
Another thought is that the company will be bought in one way or another, and they want to own as much as possible quickly before that happens, but then they would be acting on insider knowledge I think, so that theory may be negated there.
I really can't make heads or tails of the recent purchases, and I have lately come to expect disappointment rather than positive surprises..
Another thought is that the company simply needs some cash, and this is their way of accomplishing that.
How does a reverse split screw shareholders?
In case you missed it...
Check out my article on SSKILLZ1 and PYDS.
I am the author. Hope you enjoyed it.
SSKILLZ1 goes long Payment Data Systems
http://nathunt.com/2014/11/sskillz1-goes-long-pyds/
Thanks for the idea SSK! Hope you don't mind the limelight, or the gentle ribbing of your writing style :)
I got a full position already, much of it around the highs. Wish I had waited! Seems there is a lot of unknown-ness now about near term earnings.
I tried...
Net assets = assets - liabilities = $2.2M
Total assets = $62.2M
Total liabilities = $60.0M
Cash = $60.8M
Customer deposits payable = $58.9M
"Net" cash = $1.9M
None of that really matters. The company looks poised to expand earnings and if so is significantly undervalued.
I just don't get why the cash/assets number is relevant to compare to the market cap. It's not like they can really do much with all that cash. Maybe they can earn a tiny amount of short-term interest on it? The relevant thing is earnings, and in that respect PYDS looks great.
You've got to subtract Customer Deposits Payable from cash.
Cash number is irrelevant. It's just transiting through the company back to the customers.
We should all thank Hoch for providing us cover to get shares way under fair value.
Everybody ready to make money?? :D
SKAS deserves a discount because they are so tied to NYC contract that's up in 2018. That is most of their business.
Thanks Swick. Do you have any idea how much of AYSI's revenue is tied to iron ore mining vs. other commodities vs. non-mining uses? I know - that is a tougher question..
We have seen iron ore prices plummet (through last night), yet the big miners appear content to expand production :)
Is it safe to assume that BHP is AYSI's #1 customer: Customer A in the Annual Report, representing 40% of revenues in 2013?
2013 Revenue
Customer A 40%
Customer B 12%
Customer C 4%
Customer D 4%
2012 Revenue
Customer A 20 %
Customer B 15 %
Customer C 7 %
Customer D 5 %
That's not really the bid -- after hours normal bids and asks disappear.
I brought up Amazon solely to illustrate the point that earnings are not the ONLY lens through which markets price stocks. That's all.
So you would slap a 15 ? PE on AMZN's $0.92 and add $15 cash and get a $29 fair value? Something like that?
The idea of course is a revenue growing company can potentially at some point bring something to the bottom line
There is a line in the report saying something to the effect that CD converts at (significant?) discount to market price.. So are we sure 130M would do it? Diluted count by company is about 200M total now I think.
Is it even possible to calculate how many shares could eventually be out? Probably not, because I think it varies depending on market price, an on top of that the shares convert at a discount to market price. Of course it is compelling seeing as in the Q they earned 1/4 of market cap using their diluted count.. But no one has been able to give me a ceiling on the eventual shares out, nor can I. Good luck though, I see the days high is $0.0034 not bad.
So you would not buy Amazon at $0.02 / share?
I think the revenue growth is worth something -- shouldn't merely look at profits in valuation.