Ofex Holdings Share Discussion Threads

[oliverleftwingtit] 28/11/2003 10:26

You werent saying much about this lot the other day you hypocrit. Mind makes it all more interesting on who takes over UQ.com, sharecrazy?????

[outsider] 28/11/2003 09:26

4th mm for Ofex
The OFEX Membership Committee is pleased to announce the approval of the
application from Hoodless Brennan ("Hoodless") to join the OFEX market place as
a market maker member - a "specialist".

Similar to the approval of Winterflood Securities earlier in the month, the
approval for Hoodless is conditional upon the move of the OFEX market into a
competing quote driven system during 2004, and is therefore subject to
appropriate regulatory and technical approvals.

Jonathan Jenkins, Joint MD of OFEX said: "We are delighted to add Hoodless to
the growing crop of potential competing market makers on OFEX in 2004. We now
have four lined up already - Hoodless Brennan, J P Jenkins Ltd, Teather &
Greenwood and Winterflood Securities. The reaction from the media and market
place so far has been extremely positive, and the addition of Hoodless
maintains the momentum of the expansion of OFEX in 2004. We have dialogue
ongoing with other market makers, and will release any further additions upon
membership approval. Simon Brickles, former head of AIM and incoming consultant
to OFEX, will prove invaluable in ensuring the smooth execution of this
expansionary process."

Stephen Greenwood, Chief Executive of Hoodless Brennan, commented: "As OFEX
continues to develop we believe that it will become the preferred market for
smaller companies. Given our established strengths in the sector, as both
market maker and corporate broker, we are very pleased to have gained approval
as a specialist member."

[outsider] 25/11/2003 11:45

Ofex Interview

[outsider] 25/11/2003 06:50

You haven't answered Mr Went for the third time.....535X or ShareMark?


Otherwise why would you harp on for 1 year 2 months about it?

[h e went] 25/11/2003 00:09

go find out how much money Ofex has left Mr Outsider

then come back wev yer tail between yer legs

[outsider] 24/11/2003 20:34

I see Ofex were up again today Mr.Went.....He Went when they didn't go down or bust.....maybe, when he realises the future is looking far brighter.


ShareMark 535X or has another start up materilsed?

[h e went] 24/11/2003 19:47

well said olly, this is destined for the dustbin

[nipp] 24/11/2003 09:31

currypasty-seem to be right to like beowulf gold



Beowulf Gold plc Date of Story: 24/11/2003 08:02





News Story Previous




Beowulf Gold plc - Drilling Report
Beowulf Gold plc Newstrack Announcements 24/11/2003

BEOWULF GOLD PLC

DIAMOND DRILLING ENCOUNTERS SULPHIDE MINERALIZATION AT THE GRUNDTRAESK GOLD
PROSPECT

LONDON: 24 November 2003 - Beowulf Gold plc ("Beowulf") announces that it has
completed the first phase of a new diamond drilling programme at its
Grundtraesk property in the Skellefte Mining District of Northern Sweden.

The Company has drilled a series of three holes along a 250 meter strike length
into a combined geophysical (Induced Polarisation) and geochemical gold anomaly
which has revealed significant sulphide mineralization in considerable portions
of the drill core.

The drill holes were drilled in a five-day period between 13th and 18th
November. Drilling was done at a 45 degree angle and total drill core of 263.15
meters was obtained. The core diameter was 39mm and core recovery was virtually
100%

Details of the drill holes are listed below:

Drill hole No Co-ordinates Overburden Core length Orientation Angle
(in meters) (in meters) (in degrees) (in degrees)
03001 7230 059/ 5.70 5.70-106.20 S32W 45
1666 240
03002 7229 977 11.65 11.65-74.20 S32W 45
1666 342
03003 7230 103 5.60 5.60-82.75 S32W 45

The drill core has since been cut in half by a diamond drill saw and
geologically logged and a half sample of 164 one meter sections has been sent
for assay for gold and base metal analysis at the ALS/Chemex Laboratory in
Vancouver, Canada. Results are expected in early 2004.

The Grundtraesk licence covers an area of 21 square kilometres in a region
known for its gold prospectivity which has been host to many mining operations
since the 1920's.

The directors of Beowulf accept responsibility for this announcement.

Gateway Securities, a trading division of J. P. Jenkins Limited, is acting as

[outsider] 24/11/2003 09:01

Financial Mail, page 5.

Article by Andrew Leach an Simon Watkins.

Ofex lays down a challenge to Aim.
A battle between Britains junior stock markets is looming after the independent Ofex positioned itself to win business from the Alternative Investment Market, part of the Lodon stock Exchange.
Though both exchanges claim they are complimentary, Ofex last week set out its stall to woo companies listed on Aim and those considering joining it.
Ofex,which itself floated on the Aim market earlier this year, has appointed Simon Brickles, former head of Aim as a consultant.
The appointment is a coup for Ofex and a blow to the Stock Exchange, which has not formally announced the departure of Brickles, a driving force behind Aim,whose future has been threatened by European directives.
Ofex announced seperately that city firm Winterflood securities would begin making a market in its shares by quoting buying and selling prices.
It will provide competition to Ofexs two market making firms and should make shares on the exchange easier to buy and sell.
With Aims former head on board to develope and promote the brand and increase liquidity in its shares likely to attract institutional investors, Ofex has thrown down the gauntlet to Stock Exchange chief executive Clara Furse.
Furse is hunting for a replacement for Brickles, but market sources said she needs to decide the future of the junior market, which represents just one per cent of the Stock Exchanges turnover.
A source said " The exchanges share-holders are big institutions with interests in the FTSE 100 companies. Few have business interests in Aim."
Another decision for Furse is whether to keep the contract with the London Clearing House- a backroom operation where the books are balanced, which is merging with a subsidiaryof its Paris based rival Euronext.
The exchange argues that the merger could lead to a damaging monopoly and give Euronext a powerful stake in Londons clearing operations.

[oliverleftwingtit] 23/11/2003 23:19

Why, because it is.

[oliverleftwingtit] 23/11/2003 23:18

The Winterfloods deal is far from done and dusted, check the original announcement, technical and regulatory hurdles to be overcome. Strikes me it wont make any difference, like the past posters have said whats the state of play now with OFEX, still far more dogs than the handfull of winners.

regards oliver.

[interglobe] 23/11/2003 14:15

Anyone know if there is an OFEX show at the BBC in Feb 2004 ?

[outsider] 23/11/2003 13:14

Up 2p on Friday :-)


Have you thought HE Went, why would winterfloods invest in something that think might go bust?

Even if the worse happened, you can bet your bottom dollar some organisations would fall over themselves to buy Ofex.


Have you thought why Simon Brickles would put his credibility on the line?




Think again HE.........Ofex's future looks bright.



Is it Sharemark or 535X you work for HE Went?

[h e went] 23/11/2003 12:44

/



Outsider,

Ofex raised some money remember - not as much as they hoped - at the float which is why it is not bust already


- also remember it did not go well and less money than hoped



they are still losing money

HOW MUCH CASH DOES OFEX HAVE LEFT?

[longtech] 23/11/2003 12:37

Sorry you lost money on Ofex H E Went.
It is certainy easy to do that even in good times.
There are always more dogs on Ofex than other markets.

[oliverleftwingtit] 23/11/2003 00:07

Too little too late.

[oliverleftwingtit] 23/11/2003 00:04

Couldnt agree more with the two investors, simon evans and H E Went, all it will take is a quick downturn on the markets and some are predicting this and OFEX is in big trouble. TOO LITTLE TOO LATE.

[outsider] 22/11/2003 14:01

Do we believe your study HE Went or do we believe Winterfood's study of viability?

No contest.

On 31 Dec you will have been saying Ofex is going bust for 1 year & 4 months


I guess you will be saying it for many more years yet :-)


Who do you work for ShareMark? 535X?

[interglobe] 22/11/2003 13:12

Wot Bob Young ?

[outsider] 22/11/2003 09:53

Point is the *new* Ofex opens Spring 2004 with a proper mm system, that is when New Issues, & more investors will get involved.

[simonevans] 22/11/2003 09:22

This is good news for ofex, but they need some new issues NOW. The exodus continues as companies move to Aim and nothing is replacing them. This looks ominous to me given that we are in the middle of a small cap new issues boom. Looks like they will be losing Weetabix in the next few months as well.

[m.t.glass] 22/11/2003 01:24

More on that and Winterfloods:


Ofex enjoys double coup after Winterflood and AIM head sign up
By Stephen Foley,
The Independent,
22 November 2003


Ofex, the lightly regulated junior stock market, pulled off two dramatic coups yesterday, signing up Winterflood Securities as a market maker for its shares and hiring the head of the rival AIM market.

Winterfloods will make a market in all 165 Ofex companies, introducing competitive pricing for the first time in a move that should make it cheaper and easier to trade Ofex-listed shares. And Simon Brickles, who has run the London Stock Exchange's second-tier market, AIM, since 2001, will join as a consultant, helping to market Ofex in the UK and overseas and to advise on corporate development.

Jonathan Jenkins, who with his sister Emma is joint managing director of Ofex, said he hoped the two developments would attract new institutional investors to the market. He said: "The biggest problem we have had is one of credibility, but to have attracted people of the calibre of Simon Brickles, and with the experience and the systems of Winterfloods, shows that we have listened to the investment community and want them to take us seriously. We are going to be more aggressive in our marketing from here."

Mr Brickles handed in his resignation at AIM last month and had been working his notice, but was put on gardening leave yesterday.

Winterfloods will come on board in the spring after new computer systems have been set up. Market-makers set share prices and guarantee that a stock can always be bought or sold. Until now, Ofex shares have had only one market-maker. This has been a source of resentment among small investors, particularly during the dot.com boom when the market attracted interest as the home of numerous start-up ventures, with many expressing suspicion over the trading prices being set.

When Ofex plc, the company that runs the eight-year-old market, was floated on AIM earlier this year, it promised to break the market-making monopoly of JP Jenkins, the stockbrokers that was formerly its parent company. Teather & Greenwood also make markets in some stocks, but do not currently compete with JP Jenkins. Ofex shares were up 2p to 22.75p yesterday.
22 November 2003 01:11

[currypasty] 21/11/2003 20:46

best buy a load quick.. I like beowulf gold