Dexion Trading Share Discussion Threads

[pdmarr] 11/6/2002 15:00

leslas

spot on but maybe you don't get much for £1.8m nowerdays.

[pdmarr] 11/6/2002 14:33

scorpion

I dont resort to childish namecalling to make a point - why do you? Am I 'stupid' simply because I have a different view to you? We are talking here of 70m new shares, yes? We are talking here about little in the way of pedigree new talent brought on board, yes? Maybe he sold out as he thinks the cash payment is more than fair value, the shares are worth the risk and could be icing on the cake (he'll always get something for them) and a salary on the board is worth having.

Maybe you ought to smell the coffee and tell me (and the rest of the market) what was attractive about yesterdays announcement. No volume, no price move speaks volumes and the dilution is still to happen.

[scorpion 40] 11/6/2002 14:05

Quite simple. To become a major player in the sector through organic growth, carefully selected acquisitions and senior appointments whilst keeping the cost base at a sustainable level. They also intend minimising risk by entering other synergistic areas. You don't have to be an expert to see this. Seems like a reasonable strategy to me and one that will no doubt take time to deliver results.

They have made good progress and the reorganisation certainly puts them in a better position to create a profitable and sustainable business. A benchmark for success is when the market appreciates what they are doing and the share price improves.

[bruce the goldfish] 11/6/2002 13:39

Scorpion 40 - "Can't you yet see what DTL's game plan is????" well the market certainly can't as since yesterdays announcement the share price has actually fallen. Would you care to enlighten us all...

:o)

BTG

[digital sport] 11/6/2002 13:37

PDMARR-yes i am , as i have said i am in for the mid term minimum.

[pdmarr] 11/6/2002 13:26

and are you happy with this dilution for the assets you've secured?

[digital sport] 11/6/2002 11:39

Terms of the Acquisition

As initial consideration for the Acquisition, Digital Sport will pay the vendors
£260,000 in cash and issue 30 million New Ordinary Shares at par. £100,000 of
the initial cash consideration will be paid into a retention account and will be
paid over less any adjustment for the cash and net liability position of TMG as
at 5 July 2002 against agreed minimum levels.

Deferred consideration will be payable comprising :

• a further 40 million New Ordinary Shares to be issued dependent on TMG's
turnover less third party commissions ("Net Revenues") for the period from
completion to 31 December 2003 ("the Earn-out Period"). Such deferred
consideration will be on a pro rata basis of 10 million New Ordinary Shares
for each £500,000 of Net Revenues achieved in the Earn-out Period with a
minimum of £500,000 Net Revenues to be earned.

• further deferred cash payments of up to £850,000 payable in quarterly
instalments calculated with reference to TMG's Net Revenues generated in the
Earn-out Period.

On the basis of the New Ordinary Shares having a value of 1 pence each the
maximum consideration for the Acquisition amounts to £1,810,000 payable in cash
and New Ordinary Shares.

Simon Kennedy, Managing Director of TMG, will join the board of Digital Sport
with immediate effect.

[digital sport] 11/6/2002 11:33

PDMARR-in lay mans terms. I think you will find that some of the payment in shares are linked to performance......which means if the part of the enlarged group he is selling does not acheive the said amount, he will not get 1.8 min..

[pdmarr] 11/6/2002 11:26

or you received a silly inflated offer for your assets?

[digital sport] 11/6/2002 11:23

PDMARR ask yourself this question. If you were Simon Kennedy would you sell your company for mostly shares in the company you were selling to, if you did not think that those shares you were accepting in payment were going to rise in price and make you more money than your company could?

[pdmarr] 11/6/2002 11:10

Sure thats obvious but as you tell me I know nothing and you know much more, enlighten me (us) why he has sold his assets?

[digital sport] 11/6/2002 11:05

PDMARR-Firstly i will say to you is it is in Simon Kennedy's best interests for the enlarged group to do well. Do you agree with that?

[pdmarr] 11/6/2002 11:00

What research haven't I done? Price is price quoted, I never said it was cash did I? So, why did he sell if he has such realisable assets?

[digital sport] 11/6/2002 10:55

I think you will find PDMARR that most of that 1.8min is in shares in DTL and are subject to performance. He has also taken a seat on the board of the enlarged group which displayes his confidence in the enlarged group.

Yet again you have not done your homework.

[pdmarr] 11/6/2002 10:48

Wonder why Simon Kennedy sold? Looks a good price for him £1.8m.

[digital sport] 11/6/2002 10:44

No worries as far as i am concerned Bruce as Scorpion mentioned all the players are just assets to DTL. Obviously playing for England is a good selling tool but who cares if he makes us money.
As you know i am in for the mid-long term so little price jolts up or down are of no concern to me either.

[bruce the goldfish] 11/6/2002 10:31

Hey DS - at least The Sun know the score, they simply called MR a Bolton striker, no mention of England international there....LOL

:o)

BTG

[digital sport] 11/6/2002 10:27

this was in the SUN



Big score by Lara's agent

CRICKET ace Brian Lara's agent Simon Kennedy is £1.81million richer after selling his firm TIME MANAGEMENT GLOBAL, which represents 65 sports clients.

The list includes Coventry and Sweden goalie Magnus Hedman and Bolton striker Michael Ricketts. The buyer was management group DIGITAL SPORT, whose shares remained at 0.605p.

[pdmarr] 11/6/2002 10:25

digital

You are a liar as you accused me publicly of ramping on the SWD board when I've not even been on there. You are arrogant as 1) you refuse to apologise for lying and slurring me and 2) you claim only you know anything and I don't.

I know this stock is going nowhere as perhaps some now are seeing through your previous drivel of 'imminent announcements'. T0350 - you're right about the rise due today eh? Nearly £90 of trades so far....should get the price moving. Maybe its time for DS to dust off another rumour?

[bruce the goldfish] 11/6/2002 08:33

Hillbilly999 - of course my sentiment has changed. When I posted that thread DTL were 0.4p to buy (I got in at 0.34p offer). Sold out in a number of tranches upto 0.85p. At 0.65p to buy the price is nearly double what it cost me to purchase in the first place and the current mkt cap is now more than double cash in the bank. The market obviously did not see the results as anything special yesterday as there were hardly any trades, and as we see today the price is now actually retreating....

:o)

BTG

[scorpion 40] 11/6/2002 08:13

Small article in the FT today (page 25) about yesterdays announcement.