Ebt Mobile China Share Discussion Threads

[explorer88] 04/11/2008 12:08

spudders - yes, Barclays are incorrect. The tender offer is limited to a specific number of shares (approx. 10% of the issued share capital).

You're only guaranteed to get the tender offer price for approx. 19.9% of your shares.

If all the other eligible shareholders accept the tender offer, then you won't receive any payment for the remaining 80.1% of your shares in EBT.

[spudders] 31/10/2008 19:39

E88- Are you sure about the 19.9%. Barclays say I will receive 6p for every share tendered. For example, if you tender 1000 shares you will receive £ 60.00 in cash. Am I missing something??

[explorer88] 31/10/2008 11:59

spudders - the tender offer is limited, which means you're only guaranteed to receive the tender offer price on 19.9% of your holding i.e. you'll receive a total of £6, not £30 ...

... which is why we'll continue to see small shareholders continuing to sell their holdings over the next couple of weeks (e.g. the 10,000, 19,000 and 10,000 sold today at 1.5p) rather than risk receiving payment for less than 20% of their shares.

better to get 1.5p per share for all your holding than the tender price for less than 20% of your shareholding...

[spudders] 30/10/2008 17:42

Tyran - Still here,only just been notified. Hold 500 shares but I suppose £30 is better than nothing.

Anyone apart from BB (I know where he stands) have a view on current situation.

[tyranosaurus] 22/10/2008 19:37

It looks as though everybody has left and the light has been turned out.

I thought that a delisting from AIM and a tender offer might bring some posters out.

[azalea] 27/8/2008 10:58

The forecast of a small operating profit this year should at least give a potential bidder a much clear picture upon which to judge future potential, especially as the mobile phone market in China is extremely robust.

[cheekyfella] 16/8/2008 09:00

You are right Azalea. Perhaps the management of EBT are using their stores in Beijing to promote themselves during the Olympics.

[azalea] 15/8/2008 23:05

Ex88
A mere £25k worth is nothing to get excited over.

[explorer88] 15/8/2008 20:02

125,000 buy at the end of today following yesterdays large buys ... something's happening ;-)

[cheekyfella] 15/8/2008 16:46

I was orginally attracted to EBT on the back of the article below which was from November 2007.

EBT Mobile, China's answer to Carphone Warehouse, was unchanged at 17¼p, despite signing a deal with the Chinese arm of NEW, of the United States, to provide extended service agreements to its customers. Panmure Gordon believes that this could help EBT to break even next year and that shares are worth 36p.

[azalea] 15/8/2008 12:47

Given the holdings, J.T. will have to pay considerably more than the current share price

[explorer88] 15/8/2008 12:13

cheeky - i don't think your cynicism is entirely misplaced. i am expecting JT to make a move shortly.

[cheekyfella] 15/8/2008 11:44

explorer, I know about Audley. If I were being cynical, I might suggest that the share price has been walked down so that the 'premium to the share price' refered to below is significantly less (ie where we are now) than it was at the time of this info breaking (Nov 2007 when the share price was hovering at 20p)

Audley - the hedge fund run by Julian Treger, best known for his role a few years ago in UK Active Value, the shareholder action group - has built a 25 per cent stake in the company this year. It reckons the company has been undervalued by Aim and will attract a much higher rating on Nasdaq.

Audley proposes to take the company from Aim via a cash offer at a premium to the share price. It claims investors have shown little interest in the company in spite of a strong operational performance. In addition the company has strong links with US companies such as Motorola.

[explorer88] 15/8/2008 07:58

morning cheeky. there's no mystery about the suitor. dyor.

[cheekyfella] 14/8/2008 21:56

explorer88 ... i've been in EBT for quite some time ... on what basis are you founding your beliefs? EBT have always maintained there is a mystery suitor. (i work in the industry and have uncovered nothing) I hope you are right though.

[explorer88] 14/8/2008 14:44

silverthread - i invested in EBT today (having tracked for a long time) as i believe we'll hear positive news soon regarding a cash offer for the entire issued share capital of EBT.

[azalea] 14/8/2008 14:15

Looking to make a "net adjusted profit in 2008".

[silverthread] 14/8/2008 13:55

Explorer88, Not sure how to respond to that.

My sympathies or well done on grabbing the opportunity?

I got out a few months back, after waiting for over a year for the promises to start to come true. But nothing, and the share just slid down.

Can't see anything to change my mind at present, though I still keep a watch on EBT.

It ought to be doing great things, having established a massive retail footprint in one of the hottest product areas in one of the fastest growth markets in the world.

Good luck!

[explorer88] 14/8/2008 12:23

i invested in ebt this morning

[azalea] 12/8/2008 17:37

95% of shares in major holders hands suggests they believe that patience will see them get their pound of flesh at the end of the day.

[ursamajorra] 12/8/2008 13:15

cheekyfella - 10 Jul'08 - 15:52 - 661 of 671


looks like you bottled out too soon ursamajora ... just topped up myself, nice RNS today back at 20p by October IMHO


Indeed.

[silverthread] 08/8/2008 20:42

I got out of this a few months back. Am quite amazed that nothing further has been annouced concerning the approach made by another company.

[cordwainer] 08/8/2008 19:40

Anyone checked to see if the other end of the bungee is fixed to the top of that cliff?

[tyranosaurus] 08/8/2008 12:54

This has found another cliff to fall off.
Appears to be in freefall mode.