Addworth Share Discussion Threads

[big black dog] 01/2/2006 09:41

Looks like its time to get in.

[currypasty] 06/1/2006 12:01

reminds me of the split caps !

[tonyx] 06/1/2006 11:57

So did ADW use SVE funds to buy YEL?

[currypasty] 06/1/2006 11:53

all sounding a bit incestuous

[sealed] 06/1/2006 11:53

Tonyx
And guess whose a founder investor in yellowcake.

Argy
0.5p springs to mind. But i'd need to reread the adw placing document.

[tonyx] 06/1/2006 11:52

Lol! Nice to see he got em @1.75p when spread was 1.5/2.25p.

[argy2] 06/1/2006 11:46

One way to stop the Yellowcake share price collapsing even further!
Wonder who the seller was?

[tonyx] 06/1/2006 11:42

I see ADW have bought more shares in OFEX traded Yellowcake Plc and guess who is director of Yellowcake.....!

Yellowcake plc - Issue/Allotment of Shares


Newstrack Announcement 06/01/2006

ADDWORTH PLC

ADDWORTH INCREASES STAKE IN YELLOWCAKE PLC

ADDWORTH PLC, the AIM `active capital' investor, has today announced that
following the purchase of 600,000 shares @ 1.75p per share on Wednesday 4th
January 2006, its stake in YELLOWCAKE PLC, the OFEX quoted uranium mining and
production investment company, is now up to 16,850,000 shares, representing
29.18% of that company's equity.

The Directors of the Issuer accept responsibility for this announcement.


FOR FURTHER INFORMATION

Addworth Plc 020 7638 8750
Mark Watson-Mitchell, Executive Chairman www.addworth.co.uk

[argy2] 06/1/2006 11:39

sealed

Remind us if you will at what price those founder shares and warrants were placed at.

[sealed] 06/1/2006 11:34

Don't forget Rowan is a founder investor in Addworth to the tune of 8.5m shares & has a further beneficial interest in 5m founder warrants.
vbr
Vested interests rule ok

[tonyx] 06/1/2006 10:42

dell314,

Dr D wouldnt do that would he......?

Lol!

[dell314] 06/1/2006 10:40

CurryP - It's hard to think of any reason why Rowan would back an alleged rogue like MWM, unless there's to be some cosy arrangement as suggested by Argy2.

FWIW, I can't understand what MWM thinks he's doing buying CLS either, after its recent appalling results, unless he's managed to get hold of some info that isn't public knowledge.....

All IMHO, DYOR etc.

Rgds
dell

[argy2] 06/1/2006 09:25

No doubt MWM has promised to recommend some of Bruce's stocks via his suspect web of so called Investment Research Companies (SQC) and Daily Mail tipsters etc etc.Shows you can buy such things.

[currypasty] 06/1/2006 09:12

hi dell... what do you think is funny ?

I think its a bit odd that Bruce Rowan would give mwm some dosh... surely Bruce could find something better... Starvest is a mining/resource investment company, so i cant see the tie up... Starvest havent alot of cash to spare in any case, untill they can offload some more Afplats.

[currypasty] 06/1/2006 07:38

RNS Number:5432W
Addworth PLC
06 January 2006

6th January 2006
Addworth Plc

Addworth Plc

Starvest Plc takes stake in Addworth Plc

Addworth Plc, the AIM 'active capital' investor, announces that Starvest Plc has
invested #180,000 in 8 million new ordinary shares in the Company at a price of
2.25p per share, thereby giving it a 12.31% stake in the enlarged equity of the
Company.

At the same time Addworth has granted Starvest warrants to subscribe for 8
million new ordinary shares at a price of 3p per share, which on exercise will
raise #240,000 for the Company, and a further 8 million new ordinary shares at a
price of 5p per share, which on exercise will raise #400,000 for the Company,
exercisable at any time within the subsequent five years from the date of grant.

Executive Chairman Mark Watson-Mitchell commented that

"We are absolutely delighted that Starvest has taken such a positive view on
Addworth's activities. That company's investment strategy has a similar profile
to our own and we can envisage a very useful corporate connection as both
companies advance.

At this early stage in our own development we are still taking strategic
investments that commit us to our investee companies for a medium-term view. The
availability of such further funding gives us much greater scope as we invest in
undervalued situations and help to bring further companies to market, thereby
providing the ability to enhance capital growth."

For further information

Addworth Plc 020 7638 8750
Mark Watson-Mitchell, Executive Chairman www.addworth.co.uk

[skyracer] 31/8/2005 08:48

Blimey, took an interest in the results this morning then read the thread. Thanks ARGY2 and Labendon I will steer well clear. Will probably become the familiar story, soaring administrative costs and massive dilution.

[argy2] 31/8/2005 08:01

Why does the phrase 'pack of cards' spring to mind?

[aly48] 31/8/2005 07:57

Addworth PLC
31 August 2005

ADDWORTH PLC - INTERIM RESULTS

The Interim Results for the five-month period to end June 2005 for Addworth, the
AIM quoted active capital investor, showed a maiden pre-tax loss of £67,000,
which was equivalent to a loss of 0.13p per share.

Stating investments at cost, the shareholders' funds were £1.2m at the period
end. Conservatively, the Company does not show such gains until they have been
realised. However, unrecognised gains at the end of June totalled £0.49m on just
£0.92m invested. Cash on deposit was £0.22m.

Since the end of June the Company has increased further its unrecognised gains,
the benefit of which should show positively by the end of the 2005 trading
period.

Activity has been significantly higher than expected at the time of flotation
with the advance in the value of its investments exceeding market performance
substantially. Investments in e-retail and Yellowcake, recently floated on AIM
and OFEX respectively, are valued substantially ahead cost.

The company is currently active in bringing one company to AIM and a further
three to the rejuvenated OFEX market. Addworth will continue to hold a
meaningful direct or indirect shareholding in each of these businesses in
anticipation of post flotation increases in market values, a driver of which is
the Addworth involvement.

The management team continues to seek out further undervalued investments to be
held on both a short and long term basis. The investment in My Home
International has more than doubled in value in the five months since the
company acquired its 6.18% stake in the business.

In terms of acquisition, the Board has identified several businesses exhibiting
the required acquisition criteria and initial talks have been held with two of
these businesses. It is hoped that negotiations could progress further, however
at this stage, the acquisition of either of these companies is not imminent.

On these results Executive Chairman Mark Watson-Mitchell commented:

'We are extremely pleased with the results for the first five months of the
company. Activity has been well in excess of our expectations at the time of the
flotation and the company has taken strategic stakes in several businesses which
have proved successful and auger well for the future..

As a Board we are excited at the potential of our business. We look forward to
announcing interesting developments in the near future and a strong value
advance by the year end.'

For further information

Addworth Plc 020 7638 8750

Mark Watson-Mitchell, Executive Chairman
www.addworth.co.uk

[argy2] 22/8/2005 11:58

Now I wonder who that poster might be?..........uumm

[frances2] 21/8/2005 15:52

Anyone noticed that a new poster is trying to ramp yellowcake?.....

look at the prospectus,
SQC charge £16k for floating the co
there are zillions of warrants
directors did not participate in the float
Directors paid loads for doing diddly squat and have taken most of the company

[dell314] 09/8/2005 10:23

LOL!

Aren't most of the MYH gains down to a particular piece of sponsored research paid for by the company??

Surely NAV, or the price of MWM's warrants is rather more relevant than the original float price!!

Rgds
dell

All IMHO, DTOR etc.