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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tolent | LSE:TLT | London | Ordinary Share | GB0008268533 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 20.00 | 0.00 | 01:00:00 |
| 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 | 20.00 | GBX |
Tolent (TLT) Share Charts1 Year Tolent Chart |
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1 Month Tolent Chart |
Intraday Tolent Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 06/9/2021 | 10:58 | Tolent - a bargain ? | 52 |
| 10/3/2019 | 15:39 | Theralase (V.TLT) Breakthrough in Cancer Treatment | - |
| 01/7/2010 | 03:00 | Treasuries, Long Term : the ETF for Bonds | 27 |
| 16/2/2010 | 14:14 | Over 12% Yield well covered - what's the problem? | 144 |
| 09/7/2008 | 15:57 | Full year results - looks favourable | 276 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 18/12/2017 15:00 by biglink17 Is this the first dividend since 2010?Only just materialised mine into a certificate a couple of months ago. Had them held in a nominee account for years, sitting there with zero value. Nice to see the cheque come through the door last week. A least I now know.. 1. They know I exist 2. I'm the registered share holder 3. Where to send the money. Must be time for the next construction sector melt down. This is how it works for me - a little sign of hope, and then bang. |
Posted at 11/2/2015 15:51 by piedro seen a note -Tolent with £72m of contracts for January - Construction Enquirer - [using this thread as other does not have the TLT epic] |
Posted at 25/5/2010 15:14 by energyi Bonds may be topping hereTLT : 99.50 / options mid-prices PUTS -Jun- -Sep- -Dec- 100 p: 2.84 : 5.60 : 7.90 105 p: 6.55 : 9.10 : 11.3 Just watching, not buying Puts yet |
Posted at 13/2/2010 10:34 by mudbath Thanks stocktaker.I will continue to buy Monday ,Tuesday. Being a cynic,I believe that there is a possibility that TLT will massage the share price back up to 37.5 pence on Wednesday,Thursday ,prior to delisting. In that way nobady will ,in future times,be able to point the finger of unfair practice;as holders would have the opportunity to exit at the price prevailing before the delisting was announced. Could be totally wrong of course;yet it looks like a win win situation anyway,to buy and hold/or given a profitable opportunity,sell. |
Posted at 11/2/2010 16:12 by mudbath My view is that the minority holders of the free float in TLT shares will be bought out this year at circa 80pence.I had an order for 50,000 being filled,only to be advised today that I would have to start paying 27pence for additional stock.Still(imo)a TOTAL STEAL at around the revised price.If anyone has 10,000++ shares that they want to sell @ 25 pence,let me know.Even if TLT were not to be taken private,holders could look forward to significant future dividend income once the construction sector picks up. |
Posted at 30/1/2010 02:41 by patricia59 Tolent quits AIM to go back into private ownershipJan 18 2010 by Peter McCusker, The Journal THE group of North East companies de-listing from the stock market in the last year has another member after construction company Tolent announced its intention to quit. After 10 years on AIM, the Gateshead company's CEO and founder John Wood said the company was in good financial shape but that he found listing was not an advantage and that fluctuations in its share price made customers unnecessarily nervous in an already difficult market. Established by Mr Wood 26 years ago, Tolent has been a mainstay of the North construction and civil engineering industry in that time with offices on Tyneside, Teesside, Leeds, Manchester and London. Like many construction companies Tolent, has suffered during the recession, cutting its workforce from 540 to 300, with annual revenues declining from £150m in 2008 to around £100m last year. Mr Wood said: "For a company like ours there is no advantage to being on AIM. We have never once used the market to raise money. "Over the years our share price has fluctuated, rising to £3 at one point. "But what we found is that even a small trade in shares of say £10,000 could move the share price by 10p and this can sometimes spook our clients. "When turnover is down and you are listed on AIM then you have to make an announcement, and in the current climate this can make clients twitchy. "Clients look at these things and wonder what it going on, but as a private company there is no requirement to make announcements such as these. "We are not a company that is in any kind of trouble. We are strong solid business with a healthy order book of £53m. We have cash reserves of £6.5m. We have no debt and we are very competitive. This year we expect revenues to be flat at £100m, we will break even, but we aim to keep our best staff and will be in a good position for 2011 when we will hopefully see a sustained recovery." Tolent has been involved in some of the region's major recent construction projects, completing Time Central and Newcastle City Library and is currently completing Wellbar House, next door to Time Central at Gallowgate in Newcastle. The decision to de-list is likely to be approved at a general meeting on February 8. Over 70% of the shares are owned by Gutenga Investments a trust owned by the family of Henry Schmil, founder of Amco, from which Tolent demerged on to AIM in 1999. In May 2009 Prudhoe-based telecoms group BNS delisted from the AIM market, saying it had been "massively" undervalued due to poor market conditions and a lack of understanding among investors of the firm's hi-tech services. In March last year Killingworth-based property and construction group Metnor quit AIM after a decade, it saying it had been "seriously undervalued" and condemning the City for "perpetual short-termism". And Newcastle-based Northern Recruitment Group quit the FTSE in December 2008. Tolent's shares closed down 50% at 18.5p on Friday after it unveiled its plans. |
Posted at 29/1/2010 19:04 by nocton I wrote to the chairman, Peter Hems, complaining about this, along the lines of many comments on this thread. In reply, ne explained the rationale more or less along the lines of the announcement, but in answer to some of my specific questions he said:"The directors intend to operate the company exactly as before, the board have an obligation to act in what they perceive to be in the best interest of the company as a whole and by implication all shareholders, the company will continue to pay dividends when it is considered prudent to do so." "You make a number of comments concerning the collapse in the share price, including a suggestion that the company should have made an offer to buy in shares alongside the delisting announcement. The cash flow requirements of the business at the current time with the reduced levels of workload, downsizing and reorganisation costs are such that it would have been imprudent for us to do so. It may be appropriate for such an arrangement to be introduced at a later date, when cash flow permits, but it would not be appropriate to commit to such a course of action at this point in time. I am conscious that a number of shareholders have decided to sell in the period since the announcement, but I also note that there have been a number of purchases, which I am assured is not any of the major shareholders referred to in the circular." "I would reiterate that the fundamentals of the business with or without the AIM listing are the same. The number of actual share transactions in normal circumstances in the past has been minimal and as such many of our investors may be considered to be long term investors. The basis on which the quoted price is calculated is reflective of supply and demand and as such the low levels of activity have reflected in the quoted price of the shares, which has had the impact of undervaluing the business as a whole. The matched bargain trading facility will provide a limited opportunity for share transactions in the future." Perhaps reassuring? I certainly think there is little point in selling now at this price. |
Posted at 15/1/2010 15:05 by moathunter Moathunter- "My little opinion is to hold TLT if already owning and not to buy if considering."DesWalker- "I see your logic but I don't agree with it...." You're absolutely right, Des. My comment is mistaken (and yet am mindful 'mental accounting' risk!). Meant to say "personally not buying TLT due to its tiny size and having too much in construction-related companies already. As a result, I haven't researched it sufficiently to honestly suggest whether someone with a little capital should or should not buy... but it looks interesting." Also agree about director trustworthiness; the sheer voting power and the information asymmetry (directors and majority know what we don't know etc.) means that a private investor who is buying is at the mercy of these guys. DesWalker- "why risk playing these games?". Quite. If you've been briefly studying them at £5m, there's psychological pressure to remain consistent and purchase when at £2.5m. After all, the intrinsic value of TLT's business hasn't changed (may even improve with the c.£200k cost saving). *But* if there are no share buyers, potential tricks by the majority or very delayed catalyst dragging down the annual rate of return, then the seemingly significant margin of safety counts for little. And if you spend more hours in actively trying to realise value, then Return on Investment + hourly rate could be negligible. Frankly, I'm naive to this situation- outside the little circle of competence, so TLT goes in the "too hard" bin (simple company, lots of 'important unknowables'). |
Posted at 15/1/2010 12:42 by davidosh When TSE delisted recently they made an offer to shareholders to be able to exit with a cash purchase for their shares. That meant the share price did not collapse and in fact they left the market at a price that was higher than when they made the announcement.Why do management not consider utilising some cash available here and allowing an exit at say 35p so that the rest can continue with the company and have a greater share of the remaining assets ?? Am I being far too rational and reasonable or is the real agenda just to get off the market and not care about the shareholders having a reasonable chance to exit at a fair price... |
Posted at 15/1/2010 12:32 by moathunter Hmmph! I was considering buying these at £5m cap and fully listed but not now at £2.5m and v. likely de-listed.Positive thoughts: # Tolent is very cheap at £2.3m- it has net cash of c.£5m so shares buyers at £2.3m today gets both £2.5m non-operating cash and a profitable operating business worth roughly £10m = £12.5m of assets for £2.5m. # The same 70% major shareholders of Tolent also own 70% of Billington Holdings plc.- the steel construction frames company that used to own TLT until 1999. So that aids revenue stability (as both companies can lower total costs and hence win contracts) and is likely leading to Billington buying TLT back = potential catalyst for TLT holders to realise true value of the company. # Some of the major shareholders appear ethical and honest: Tarom Foundation owns 20% of TLT and it's a public welfare foundation, domiciled in Liechtenstein (tax haven) with its object being the pursuit of charitable, humanitarian and social goals. Negative thoughts (irrational guys might want to stop here than consider disconfirming views): # Google "matched bargain arrangement" and visit other recently de-listed companies besides WTV and REF (cheers, gogeneko); others are Top ten bingo TTH and Itis Holdings ITH. The minority shareholders posting are dissatisfied for various reasons. # 73.91% of TLT is not in public hands, so the de-listing of TLT is a very high probability event as 75% vote is needed. Once on the matched bargain arrangement, shareholders should ask the next logical question- "who will buy shares off me?"- TLT or Billington could, but the big paradox with 'off-AIM matched bargain situations' is that only expert investors would know where to look for such companies as TLT and yet such experts will have too much capital to be able to invest a meaningful amount in TLT. Inversely, little investors lack the expertise although they have sufficiently small funds to consider micro-caps. So the real buyers of current shareholders are TLT/ Billington and no-one else (posters of de-listed companies using matched arrangement all talk about selling on advfn, but don't have buyers or balk at the commission rate). (Just read DesWalker and wholly agree). This liquidity risk (nil spread but virtually nil buyers too!) with a possible catalyst that may be years away is not attractive at all. # The potentially big returns are on a tiny investment opportunity (limited share float available to buy and a tiny company) with the potential cost of having to study the issue of selling and reduced TLT transparency. Surely the next best alternative investment- the opportunity cost- is better than TLT? My little opinion is to hold if already owning and not to buy if considering. |
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