SDV - SciDev Limited

[wintermute]

Market seems to have liked it somewhat +2c or up 16.67%, on higher than average volume - "INL 0.135 0.140 0.140 +0.020 0.120 0.145 0.120 8,788,867"

Not sure what 3mil/month is as eps, not sure how many shares outstanding

close enough to 560 million shares on issue, though there are also a quite a few options (haven't got the figures handy)

I must say I was surprised by the $3 million / month profit, I'm treating it with a grain of salt for now, but if it is really that high then that would be an eps of 6.4cps or based on last close of 14c an p/e of about 2.2

I'm just a bit wary of the 3 million figure because they didn't get any where near that for the first reported figure if I remember rightly, but if it is correct and not some accounting mumbo jumbo, then woohoo

Tony.

 

[toc_bat]

hi all

this is why i am still a noobs, i can not tell if Intec receives $3/month or the joint operation a a whole, and if Intecs slice is 50% does Intec then get $1.5/month?

ok bye

 

[Bushrat]

I was questioning that myself, until I read the appendix 4e announcement from yesterday..a $10million turnaround in the 2nd half - take out the profit from the JRV venture and they are making 50% of the $3mil per month...thats the way I see it..which translates to about 3.1cps..or 4.5eps...but, we have to add to this the value of the BSM holding, which makes me think INL is still way underpriced.
We have to remember they have only been producing for 6 months, feed is improving, bugs are being ironed out and they seem to be sticking to specified timelines regarding moving forward..this is my banker stock, as I have supreme confidence it can only go 1 way in the medium term.

 

[GOOGOOJEE]

could anyone please explain today's sell off, now is down to 13c.............. wondering when it will get back to its previous average = 20 something cents

 

[powerkoala]

could anyone please explain today's sell off, now is down to 13c.............. wondering when it will get back to its previous average = 20 something cents

well, because i put it on the stock tipping of the month
so everything that i tip, will go down like H@#*....
just kidding.

well, look at the zinc price. it drops quite a lot
and somehow, sellers are lot stronger too.
you want to get back to 20 something ???
oh well, guess what? i bought at 30c

 

[toc_bat]

well, because i put it on the stock tipping of the month
so everything that i tip, will go down like H@#*....
just kidding.

well, look at the zinc price. it drops quite a lot
and somehow, sellers are lot stronger too.
you want to get back to 20 something ???
oh well, guess what? i bought at 30c

INL is a great co with lots of potential but is not realy that speculative anymore, hey they make a profit and it has been anned as to roughly what it is expected to be, thus its no longer attractive to people who are into speccie stocks - speccie stocks have the advantage of making no profit however their profit projections are without limit, without bound, thus in the realms of euphoric hope and imagination, INLs profit now has a foreseeable limit for the near future - hence it is a boring stock now, thus it is not going to leap to 20-30c in two days, may take months,

Also I think that since it has been steadily sold off since last December there is a really poor sentiment about it, one has to look at the chart to shake their head and move on, it will take a while for that sentiment to change, I think people need to see the profit in a quarterly statement, not just the way it was ann'd a few days ago, anyway I got some for 14c because I was sure it would go to at least 17c the next day, heheheee, but I generaly think much more about what Ive bought than before I bought it, so have realised, yet again that I dont have to make the trade this very minute, I think its just a matter of time till all those people out there selling at these rates sell, and hopefully a steady slow climb - nice and slow as that way I wont be itching to sell,

 

[Sean K]

I haven't been following this closely enough, but I thought I'd chip in a chart for interset sake.

I'll be looking again when it's over 15, and then closer to 20 cents. All the best!

 

[Bushrat]

I'm not sure this is heading anywhere fast, and for this reason I dumped 3/4 of my holding yesterday. In December last year when INL was above 30c, the price of zinc was above $2US a pound, now its below $1.30 a pound, and over the past month or so, all I have been reading is the slow decline in zinc price based on new mines opening up as they are quick to start producing. Some analysts are predicting the price of zinc will drift until 2010....Sadly, since the start of this year, I have been holding and hoping...but it has now got to a point where the OPPORTUNITY COST of holding INL has finally convinced me that there are better opportunities elsewhere. I still think it to be a good company with great ideas, but, the falling price of zinc will eat into profits and sadly they seem to be in no rush to hedge.

 

[wintermute]

Hi Kennas, that is looking eerily like the chart I posted when the sp had bounced of 15c.... and being a descending triangle would indicate a continuation of the downtrend.... could see a false break again then slip further?

I'm still holding (and hoping). Price of lead has been going a bit crazy to the point where the lead value of the concentrate is approaching that of the zinc.... INL are now moving to captialise on that. I personally don't think that the zinc price will be as bad as what MBL are forecasting, even if it stays around this level rather than continuing to decline, INL is underpriced (based only on concentrate sales and no upside for other potential developments). the MBL valuation of 13 to 15c was based on zinc falling to $US 60c per pound within the next three years, so personally I think that it is just a typical market over-reaction that has brought INL back to where the sp is now.. certainly compared to 12 months ago the company is streets ahead of where it was, and yet we are back to the same trading range. certainly not rational IMO, but also not a short term prospect..... One as I always say for the patient

Tony.

 

[drmb]

Despite positive ann 30 Aug no real upwards trend - I wonder why this is not more sort after, esp in view of "Strong Profit" forecast? Perhaps because it is not a spec with great blue sky at the moment in many people's minds?

 

[GOOGOOJEE]

another VERY disappointing day for INL holders....................... the market gone up by more than 2% but INL dropped instead...................... i know patient is the key but sometimes u just get frustrated with the sp performance........

 

[drmb]

another VERY disappointing day for INL holders....................... the market gone up by more than 2% but INL dropped instead...................... i know patient is the key but sometimes u just get frustrated with the sp performance........

GGJ - not sure what will move this sp. POZ up strongly on LME today, up>4% at noon UK time. Also from Bloomberg below but I think the market believes this to be a very small base metals producer, no excitment or blue sky possibility, and not worth the bother after an initial bit of excitment when the H project started. Forever destined to be drifting along imo.

Base Metals Gain in Asia After U.S. Federal Reserve Cuts Rates By Glenys Sim Sept. 19 (Bloomberg) -- Base metals rose in Asia after the U.S. Federal Reserve lowered its benchmark lending rate by half a point, more than economists forecast, easing concern that there will be a slowdown in the world's largest economy.

The Fed cut interest rates to 4.75 percent to try and prevent the U.S. from sinking into a recession sparked by fallout from the housing-market collapse.

``The rate cut is the catalyst for base metals pushing higher today, as well as the entire commodities and energy complex,'' Chen Yonglin, an analyst at Citic Futures Co. in Shanghai, said by phone today.

Copper for November delivery on the Shanghai Futures Exchange rose as much as 2 percent to 67,150 yuan a metric ton, before trading at 67,020 yuan at 2:35 p.m. local time. The metal for immediate delivery in Changjiang, Shanghai's biggest cash market, rose as much as 1 percent to 66,600 yuan a ton today.

London Metal Exchange copper for delivery in three months advanced 2.3 percent to $7,760 a ton, extending yesterday's gain.

December delivery copper on the Comex division of the New York Mercantile Exchange added 2.2 percent to $3.5225 a pound, after climbing 0.8 percent to $3.4480 a pound yesterday.

Copper prices are supported by impending strikes in Peru. Workers at Southern Copper Corp.'s operations in Peru will vote today and tomorrow on whether to strike after failing to reach an agreement on wage increases, a union official said Sept. 17.

General Strike Vote

Separately, the Mining Federation said yesterday that Peruvian miners will vote Sept. 27 to Sept. 28 on whether to call a general strike on behalf of subcontracted workers.

Zinc in Shanghai for November delivery rose 2.4 percent to 26,740 yuan a ton at midday, and LME zinc was up 2.2 percent at $2,902 a ton at the same time.

Shanghai November aluminum was little changed at 19,340 yuan a ton, and LME aluminum was up 1.3 percent at $2,438 a ton.

Among other LME-traded metals, nickel extended its overnight gain of 6 percent, trading up 4.7 percent to $32,200 a ton at 2:46 p.m. in Shanghai.

``Nickel was trading at over $30,000 a ton going into the summer, a time of seasonally weak demand,'' said Citic's Chen. ``Prices are now normalizing with buyers returning to the market.'' Jinchuan Group Co., Asia's biggest nickel producer, raised its price for a second time this month on demand from Chinese steelmakers.

``Nickel is starting to show some strength and the market is now very attuned to a possible pick-up in stainless steel demand that could have an impact on a nickel market that is short,'' Michael Jansen, a metals strategist at JPMorgan Securities Ltd. in London, wrote in a report yesterday.

To contact the reporter for this story: Glenys Sim in Singapore at gsim4@bloomberg.net

Last Updated: September 19, 2007 02:55 EDT

 

[Bushrat]

A few months back I had over 1/2 million INL..Yesterday I dumped what remained of my Intec holding, booking an extremely large loss.

The reluctance to hedge and the urgency to do so has meant that INL earnings will be eroded. This point has been raised in the past and is a topic on the Intec investor forum. Sadly, Intecs response that they have left the hedging to the "experts" does not wash when they have missed the boat and now face large expenses to hedge from where POZ now sits.....and in the most recent presentation, they tout themselves as Australias newest Lead provider, which they are not yet producing...POZ up 4% in London tonight, and I wish holders all the best...It is an excellent company jamb packed with technical knowhow - a shame they cant insure against falling prices. .....not happy...

 

[juiceman]

I haven't been following this closely enough, but I thought I'd chip in a chart for interset sake.

I'll be looking again when it's over 15, and then closer to 20 cents. All the best!

Look's a bit like this puppy might be having a bit of a crawl out to-day
From it's kennel, that is

 

[Sean K]

Look's a bit like this puppy might be having a bit of a crawl out to-day
From it's kennel, that is

That support line we picked looks to have held ok. hmmmmm Still generally going down till 15 is wipped IMO.

 

[Porper]

That support line we picked looks to have held ok. hmmmmm Still generally going down till 15 is wipped IMO.

Worth another look, but to me it needs to break above 0.155 with some volume and consolidate above, then we may get a push up into the twenties.

It is a weekly chart below, a clearer view.No Elliot wave count so that doesn't help.

I just get the impression that there are always sellers looking to get out on any attempted rally.

Yeh, I've talked myself out of it

 

[mango65]

The following is a copy of info from Philip Wood. All shareholders, I believe, should read it and do as they wish.


QUOTE

Intec Q&A Forum Submission
2 October 2007
Forum 2007100201


Proposal (Philip Wood): Shareholder Discussions with MD/CEO re 2007 Options

As the Managing Director and Chief Executive Officer of Intec Ltd, I have principal responsibility for addressing the concerns of Intec's shareholders, who are the owners of our Company and in whose interests, above all others, I try to run it. With this in mind, Intec has, uniquely among listed companies of which I am aware, recently established this Investor Q&A Forum on our website; in the last six weeks the Forum has proven to be both highly popular and, hopefully, informative.

However, despite the flurry of commentary on ShareScene.com in particular and on HotCopper.com.au concerning last week's announcement of the granting of options for fiscal 2007 under the Intec Option Plan, there has so far been only one submission on this topic to the Forum - by 'Jack', who subsequently expressed himself happy with our response.

The Forum is intended to allow any Intec shareholder to have his or her say on a particular topic and then for all shareholders to be properly informed on that topic by Intec management’s response - in a more cost/time-effective, and broadly accessible, manner than on any one of the various share chat sites. I am therefore disappointed that on this particular issue the Forum has remained almost unused to achieve this outcome, with all the dissenting voices so far being heard elsewhere.

So I am now encouraging all such 'dissenting voices' to phone me at Intec (02 9351 6741) in order that we may learn from each other's points of view. I particularly encourage calls from shareholders posting to ShareScene.com /HotCopper.com.au under the following pseudonyms:

Boomer
Enumerate
diana
deidre
Roger
towie
calvin01
sarah
ooga
tinkus
kimv
traderdave
mercury
wolverine
rosskend
camaybay
ericson
nifty49
psychOlogic
veeone
TerryA
dreamer
Col Lector
guido
Mango63/64
Elsimate
henrikc
cerbera
12 of
andyw

I have already spoken today at some length with Trudy44.

In the case of those of you whom I don't already know, please understand that it will first be appropriate for you to confirm that you are in fact an Intec shareholder on the same criteria that would apply any shareholder making a submission to the Investor Q&A Forum or at the AGM, i.e. full personal name and the name (if different) and address in which your Intec shareholding is registered, phone number and email address.

These phone calls will necessarily involve me in one-on-one and one-at-a-time communications with individuals amongst Intec's 3,792 shareholders. That is not necessarily the best use of my executive time and is an example of what the Forum was in part initiated to pre-empt. However, in this case it will be preferable to have these discussions now and hopefully to reach some acceptable set of understandings about the facts before voting at the AGM. This will hopefully reduce the amount of time during the AGM to be consumed by this issue which (albeit apparently controversial for the first time this year since Intec’s ASX listing in May 2002) is of lesser importance than many other issues upon which I would like shareholders to be focussed and informed in our traditional friendly custom.

Yours sincerely,

Philip Wood

 

[GOOGOOJEE]

Are you one of the below?

Proposal (Philip Wood): Shareholder Discussions with MD/CEO re 2007 Options
As the Managing Director and Chief Executive Officer of Intec Ltd, I have principal responsibility
for addressing the concerns of Intec's shareholders, who are the owners of our Company and in
whose interests, above all others, I try to run it. With this in mind, Intec has, uniquely among listed
companies of which I am aware, recently established this Investor Q&A Forum on our website; in
the last six weeks the Forum has proven to be both highly popular and, hopefully, informative.
However, despite the flurry of commentary on ShareScene.com in particular and on
HotCopper.com.au concerning last week's announcement of the granting of options for fiscal 2007
under the Intec Option Plan, there has so far been only one submission on this topic to the Forum -
by 'Jack', who subsequently expressed himself happy with our response.
The Forum is intended to allow any Intec shareholder to have his or her say on a particular
topic and then for all shareholders to be properly informed on that topic by Intec management’s
response - in a more cost/time-effective, and broadly accessible, manner than on any one of the
various share chat sites. I am therefore disappointed that on this particular issue the Forum has
remained almost unused to achieve this outcome, with all the dissenting voices so far being heard
elsewhere.
So I am now encouraging all such 'dissenting voices' to phone me at Intec (02 9351 6741) in order
that we may learn from each other's points of view. I particularly encourage calls from shareholders
posting to ShareScene.com /HotCopper.com.au under the following pseudonyms:
Boomer
Enumerate
diana
deidre
Roger
towie
calvin01
ABN 25 001 150 849
sarah
ooga
tinkus
kimv
traderdave
mercury
wolverine
rosskend
camaybay
ericson
nifty49
psychOlogic
veeone
TerryA
dreamer
Col Lector
guido
Mango63/64
Elsimate
henrikc
cerbera
12 of
andyw
I have already spoken today at some length with Trudy44.
In the case of those of you whom I don't already know, please understand that it will first be
appropriate for you to confirm that you are in fact an Intec shareholder on the same criteria
that would apply any shareholder making a submission to the Investor Q&A Forum or at the AGM,
i.e. full personal name and the name (if different) and address in which your Intec shareholding is
registered, phone number and email address.
These phone calls will necessarily involve me in one-on-one and one-at-a-time communications
with individuals amongst Intec's 3,792 shareholders. That is not necessarily the best use of my
executive time and is an example of what the Forum was in part initiated to pre-empt. However, in
this case it will be preferable to have these discussions now and hopefully to reach some acceptable
set of understandings about the facts before voting at the AGM. This will hopefully reduce the
amount of time during the AGM to be consumed by this issue which (albeit apparently
controversial for the first time this year since Intec’s ASX listing in May 2002) is of lesser
importance than many other issues upon which I would like shareholders to be focussed and
informed in our traditional friendly custom.
Yours sincerely,
Philip Wood

 

[mango65]

Yes I am listed below as mango63 and mango64 however I support management and what they are doing.
What I want is for all the bickering to stop and let management get on with the job.
For a Company with a positive cash flow and proven resource material the SP is a problem.

 

[Porper]

What I want is for all the bickering to stop and let management get on with the job.
For a Company with a positive cash flow and proven resource material the SP is a problem.

I am not on the list but hold a fairly substantial amount in my long term portfolio and will ring the company and speak to them.

I've had contact with Dave Summit a few times and they say all the right things, however the share price is a serious worry.The market obviously doesn't think they are going to make it.

who to believe, Mr market or the company ?