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TLR Local Radio

5.05
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Local Radio LSE:TLR London Ordinary Share GB00B0108C60 ORD 4P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 5.05 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.05 GBX

Local Radio (TLR) Latest News

Real-Time news about Local Radio (London Stock Exchange): 0 recent articles

Local Radio (TLR) Discussions and Chat

Local Radio Forums and Chat

Date Time Title Posts
05/6/200914:01LOCAL RADIO87
15/12/200515:40Talarius - casinos cash shell wonderstock?19

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Local Radio (TLR) Most Recent Trades

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Local Radio (TLR) Top Chat Posts

Top Posts
Posted at 14/5/2009 19:53 by l3gend
Forgive my ignorance - i own shares in TLR and nice that they have gone up but it seems too cheap for me and I dont want to sell. Do I have to sell if it goes unconditional - what does the unconditional mean?
Posted at 14/5/2009 10:01 by spectoacc
And there's Hallwood's withdrawal.

Taken up the 4p here, but highly aggrieved.

"Further to UKRD's announcement on 12 May 2009 that the Second Revised UKRD Offer
at 4 pence per TLR Share had been declared unconditional, Hallwood regretfully
announces that Hallwood's Second Revised Offer, which was announced on 5 May
2009, is withdrawn.
Such withdrawal is effected with the consent of the Panel, owing to the fact
that it is no longer possible for Hallwood's Second Revised Offer to obtain
acceptances in respect of TLR Shares which, together with TLR Shares acquired or
agreed to be acquired before or during the Second Revised Offer, carry in
aggregate more than 50 per cent. of the voting rights normally exercisable at a
general meeting of TLR.
Hallwood is not going to accept UKRD's offer of 4 pence per TLR Share.
Commenting on the withdrawal, Anthony Gumbiner, Chairman of Hallwood and
Non-executive Chairman of TLR, said, "It would be ungracious of me not to
congratulate UKRD on its victory and I wish UKRD well. To fight and win a
contested takeover battle is no small thing especially in the middle of the
recession. I will do all I can to make the Board transition as easy as
possible."
Posted at 12/5/2009 10:19 by spectoacc
Heck you're right - all happened last night after close, missed it. A 4p offer and then a 5p trump. Hallwood seem really keen.

Go TLR..
Posted at 15/4/2009 15:46 by 1nf3rn0
THE future of Sunderland and Durham's own radio stations is uncertain today, after shareholders in their parent company rejected a rescue plan.
The Local Radio Company, which owns Sun FM and Durham FM, had planned to hold a sell-off of shares in a bid to raise more than £1.5million it says it urgently needs to survive.

Without a cash injection by the end of the month, the company could be forced to cease trading.

Shareholders rejected the plan at an extraordinary general meeting, dashing the firm's hopes of a stay of execution.

The situation has actually been made worse by the costs associated with organising the share offer and assessing a bid for the company from the rival UKRD Group.

UKRD Group Ltd, a multi-media business which operates six local commercial radio services, made a £1.44million offer for Local Radio last month.

The firm already owns more than 13 per cent of the stock and says it has undertakings from other shareholders that would take its holding to more than a third.
Posted at 15/4/2009 15:45 by 1nf3rn0
The Local Radio Company (TLRC) has urged shareholders to reject a £1.44m bid from rival UKRD Group, saying it has found an alternative capital injection.
According to reports, Investment house Hallwood Financial, which already owns a 28% stake in TLRC, has bettered UKRD's efforts with a 2.5p per share cash offer, valuing the company at £1.8m.

Furthermore, Hallwood has promised a £1m working capital loan at 10% interest per annum to help keep the group afloat if the UKRD offer is rejected.

If the offer is accepted by more than 90% of TLRC shareholders, this will mark the end of its AIM listing.

TLRC non-executive chairman Anthony J. Gumbiner is chairman of Hallwood, whose shareholders include his family trust.

The company's independent non-executive director John Perriss has already written to shareholders urging them to reject the UKRD offer.

On April 1, TLRC said it needed to raise more cash by the end of this month to stay in business after shareholders voted down a plan to raise £1.51m with an open offer.

Last week, the directors of Jazz FM, led by chief executive officer Richard Wheatly, agreed to buy the station from TLRC.

The deal has the backing of GMG, which relaunched the station last autumn under a joint agreement with TLRC.

GMG is also selling the name and intellectual property rights to Jazz FM and its backers.

The agreement follows an announcement made by TLRC on 8 January that it was in talks with a consortium headed by Wheatly.

"We are thrilled to have reached an agreement with TLRC and GMG and to have attracted new significant investment into the business," said Wheatly.

"The successful fundraising reflects the faith that our backers have in the abilities of the management team and our business plan and we look forward to building Jazz FM into a world class music business."

TLRC operates 20 stations.
Posted at 24/11/2006 14:43 by babyal
Charles Stanley has changed this share to a "STRONG BUY" on the 23rd nov 06. Something is going on with this one.
Posted at 10/10/2006 10:32 by sean101
TLR still looks a mess! Trading's taken a turn for the worse in recent weeks I gather.

Who on earth bought a million shares on Friday - does anyone know?
Posted at 03/8/2006 06:22 by don muang
number of listeners up ..... total number of listeners down.
next share price move ???
Posted at 27/7/2006 16:00 by don muang
E.B. the press release you've quoted is from 2nd June - so probably would not be responsible for a sudden dive in share price at 14.30 on 27th July

and if it was the 60k of shares sold at 14.28 that dropped the price, then if a transaction of just over £10k can move the share price down so much then I've on;ly got one thing to say - the companies up the creek with out a paddle.
Posted at 27/7/2006 15:48 by don muang
so looks like directors share options 'right at the bottom' (39p) were not quite right at the bottom. No RNS announcement today but a substantial fall in share price during the afternoon. Did all their playout servers crash and lose all the adverts or something... !!!
Any one out there monitoring this stock have any idea for the fall towards oblivion ?
Local Radio share price data is direct from the London Stock Exchange

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