Good morning! Sorry I'm late today - had one too many ice cold pints of Peroni at the Lord Aberconway last night, after an excellent evening hosted by FinnCap and ShareSoc, where four companies presented. Brief impressions;
Amara Mining (LON:AMA) - I'm not interested in resource sector shares generally, but found this a surprisingly interesting presentation from the company's FD, Peter Gardner. They have recently raised enough money (from a Placing at 17p) to progress their main African project to feasibility study, and it has considerable cost advantages, being located near a hydroelectric dam, hence has cheap power and water available - both being key cost considerations for gold mining. Although as David Stredder, the host, commented, it might be an idea if the CEO changed his surname from Spivey to something less appropriate for the resources sector! The company also has some gold producing sites, but these are small, and near the end of their lives.
The internet is full of pictures of cats, for some unknown reason. Actually, it's probably because they are the epitome of disdain and indifference. Here is one that made me laugh considerably this morning, and I hope it brightens up your day in a small way :
Netcall (LON:NET) - This really is an excellent company, and I enjoyed the presentation from its charismatic CEO Henrik Bang (great name too!). I felt there was a bit too much management speak in the slides, so I was finding it difficult to understand what the company actually does. However, three brief case studies were given about how their software helps eradicate 700 years waiting time on corporate phone lines, by calling customers back, instead of putting them on hold and making them listen to musak. Also the company has done well selling software to the NHS, which reminds people of appointments, since scandalously about 10% of appointments are missed by people who don't turn up for them. If it was down to me, I'd put them in the stocks and hurl rotten vegetables at them, but apparently that's not politically correct these days. It's a pity the shares are so expensive, otherwise I would buy some.
Synety (LON:SNTY) - Executive…
