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Advice on stocks

  • 30-07-2009 10:49am
    #1
    waterboy99
    Closed Accounts Posts: 43 ✭


    Hi

    Has anybody got any advice on these 3 stocks before I invest?

    BOUNDARY CAPITAL PLC
    VERIS PLC
    PROVIDENCE Resources


Comments

  • #2
    pocketdooz
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭pocketdooz


    waterboy99 wrote: »
    Hi

    Has anybody got any advice on these 3 stocks before I invest?

    BOUNDARY CAPITAL PLC

    A second rate investment management company with negative £(42) million EBITDA and liabilities of £92mm vs. assets of £85mm in 2008.

    Its main investments are in Property (Veris, RQB and Siteserv), Leisure (Club), Publishing and Printing (CJ Fallon and Prontaprint) and Retail (Arnotts) - all terrible terrible places to be right now. Without an indepth look it seems like a piece of crap. By the way it has €587,000 of cash and €37.7 million of debt - not good.

    VERIS PLC (formerly Irish Estates)

    A facilities and property services company (10% owned by the above Boundary Capital). Shares are down from €1.80 on Jan 1 2008 to 24 cents now.

    An Irish property management, moving and storage and property facilities holding company - hard to think of a worse investment right now to be honest.

    They report Q209 numbers on 25th August - expect deterioration I reckon.

    PROVIDENCE Resources

    A 100% speculative penny stock, 40% owned by Tony O Reilly and 10% owned by Artemis. The Company explores for oil and gas in Ireland, the UK and Nigeria. The market cap is less than €100mm of which less than 50% is free-floating - therefore you are controlled by Tony O'Reilly pretty much.

    Providence made an operating loss of €42.2 million on sales of €24.8 million in 2008, has €77.8 million of debt and €9.6 million of cash. It burnt cash in 2008.

    This is a penny stock valued at 3 cents.


    Personally - I wouldn't go near any of these companies with a bargepole . . .


    .


  • #3
    Comordha
    Closed Accounts Posts: 562 ✭✭✭Comordha


    I think this guy is an investor from 7 years ago. Perhaps the Ghost of one of the Anglo board.


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