No I haven't. I've sporadically followed Calypso's price collapse just to see how far it could fall. You can half a price every week forever you know, and still never reach zero! But it stopped falling in the end and now it has 10-folded in a month... I don't buy CLYW because I as far as investments are concerned I am a fundamentalist, and fundametally CLYW is nothing, as far as I can see. No sales whatsoever now or in the future. Also I am uncertain about how many shares the company can keep issuing without telling the market. One of my rules is: If I don't understand the business model I don't invest. Also if I disagree with the business model I don't invest, and to me CLYW's business model is to sue people for money and that is nothing to me.
Is a change of CEO really worth a ten-fold increase in the company's market value BEFORE he has proven anything?
But I wish everyone who owns CLYW-shares good luck.
With regards to GIPS however I have just looked at the 2006 figures. The after-tax profits for the whole year was Swedish Kroner 64.6m. This corresponds to Norwegian Kroner (NOK) 55 mill. And with its 55 million shares currently at NOK 15 that gives it a P/E ratio of 15 which is extremely low for such a company. The company has said that they will list the company on a major exchange this year or next. If they use NASDAQ GIPS would have a P/E of 50 - 60 which would mean a 4 fold increase in the share price on last year's results.
But then of course there was this profit warning...
"Global IP Solutions will report Q1 results that are below current market expectations. The company will not report quarter over quarter growth. Initial unaudited revenue is indicated to be a single digit decrease over Q4'06. Details of the quarterly performance and related financials will be discussed at the upcoming Investor meeting to be held April 18th at 10:00 at the Felix conference center in Oslo, Norway."
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