Inspired Gaming Share Discussion Threads

[peterboroughmatt] 09/11/2009 12:37

thats the risk you take with these small caps.

Basicly what they are saying today is there will be nothing for ord holders in any takeover so they want to reorganise it so there is something in it for them

thats my take anyway

[dilly4] 09/11/2009 09:45

sometimes i wonder what i am doing buying small cap shares..As far as i can gather this is going to be consolidated at a 6:1 ratio..The same happened with another company (sty)..waste of time the whole thing.I am glad i only stuck a few hundred in this.I will hold the load & see the outcome - good luck.

[qipincha] 09/11/2009 09:24

my opinion is
by conversion, both pre and ord share holder sharing the risk and profit
so it has advantage and disadvantages.

[dcomd99] 09/11/2009 09:18

Thanks, but no inspired comments, IMHO

My view of the situation is that the company has said that the shares were mispriced. Old Ords were trading at 11.5 when they should have been zero. Prefs were at 41.5 (which was too low). After the reorganisation, ords get improved value (>0) and prefs get less than theoretical maximum but more than 41.5p.

[dcomd99] 09/11/2009 09:01

which one?

[qipincha] 09/11/2009 08:50

they are active on different bb

[dcomd99] 09/11/2009 08:40

Is everybody still in bed? It's far too quiet here.

[qipincha] 09/11/2009 08:34

new share will be trading around 60p end of this month

[qipincha] 09/11/2009 08:26

if ord share price is 10p,
the new market price of ingg is then around 60m, still cheap imo

[dcomd99] 09/11/2009 08:26

I predict the prefs will be above 60p by the end of today. Lets assume there is some selling pressure as people sell ords to buy prefs. I think ords will (temporarily) drop to 8p and so prefs should rise to 9 times this (72p). However, it won't all happen immediately.

It's obviously a done deal, because they have large shareholder agreement.

[qipincha] 09/11/2009 08:15

so 1 pre to 7 ord
and 1 ord is still 1 ord
7:1 ratio, which is better than 10:1
but still difficult to work it out how much it worth
the company think the share price is undervalued, and the offer they have received is low
so the chance to get a decent offer is small

[dcomd99] 09/11/2009 08:14

I think this is actually good for ords. Previously the prefs took the first £1 of valued and the ords got the rest (nothing?). Now the prefs get 7 times as much as the ords. This must be better for the ords.

[dcomd99] 09/11/2009 08:10

Deferred shares are worthless.

[dcomd99] 09/11/2009 08:09

if the ords are undervalued, the prefs must be very undervalued. Just bought a few more.

[qipincha] 09/11/2009 08:04

the company think the ord share price is undervalued.
however, how does it work when they convert one ord share into one new ord and one deferred share?

[qipincha] 09/11/2009 08:03

sooo, how can we trade these deferred shares???

[dcomd99] 09/11/2009 07:55

7 shares for every pref! This could mean that prefs jump to about 70p. However, ords might drop because they will only hold 10% and prefs 90%. Should be good for prefs though.

[geraldus] 09/11/2009 07:50

Positive update but they still seem intent on selling with this capital reorganisation.Wonder how the market will view it?

[qipincha] 29/10/2009 09:22

RNS

INSPIRED SUPPLYS UK'S FIRST ON-SITE VIRTUAL-ONLY LBO

[hoolers] 28/10/2009 18:02

ouch - that's not a nice thing to look at in my portfolio, wondering how long I can watch this go down. I'm in at MUCH lower levels but even so... Lots of companies touching 50 mva but could this be smashed tomorrow? One things for sure, I'm in cash more than equities at present. Wished I'd waited to top up now :(

[qipincha] 28/10/2009 10:42

what's the lowest level could be before surge??? 10p??? or 9p???

[dilly4] 23/10/2009 09:39

pullback b4 surge - resistance 10.no need to panic.

[qipincha] 22/10/2009 19:52

not yet, but that's not that important
the company is doing great job