Share Name Share Symbol Market Type Share ISIN Share Description
Overnet Data LSE:OND London Ordinary Share GB0031791782 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

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Date Time Title Posts
12/3/200918:20MARKET CAP ONLY Ј90,000 !!!! REVERSE TAKEOVER SOON?451.00
16/6/200410:48Overnet data stock suspension245.00
26/10/200321:06overnet datta - market cap Ј2m; cash 40k and falling5.00
29/8/200314:00Results132.00
22/8/200319:38OND, RTO COULD BE ON THE CARDS AT AGMS16.00

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DateSubject
15/6/2004
13:29
mangal: Looks like most of the fickle holders have been flushed out now. The share price has risen siginificantly above the price at re-listing.
04/6/2004
06:21
capricorn_1: Stew - I must say I find your 38p placement article quotation very intriguing. I certainly have a view on what's going on, but I've decided to keep any further calculations to myself now until after the EGM (I'll just say that the current share price must have a speculative guess between the asset value of the business and the value patented revenue future cash flows, IMO). And once OND is completed hopefully this will have provided a good test case for what to expect with VOS.
26/5/2004
19:47
stewjames: topnotch, I suspect I'm one of the "experts" you're referring to. If so, then I'd like to point out that I questioned you, not derided you. StewJames - 3 Feb'04 - 15:58 - 53 of 227 edit topnotch, I understand fully why a company would want to get an AIM listing. What I don't understand is why they would choose Overnet at 50p as the vehicle. In your own example, you would have had to relinquish equity not just to new investors in the placing but also indirectly to the existing shareholders of the company you were reversing into. In the case you cite that wouldn't have been too onerous since it would have "cost" you a few hundred grand of your company assuming terms were based on fair value at the current shareprice. In the case of any company reversing into OND, that cost would be 5M, or 10M if your quid target is to be believed. Why would you want to do that? There are other, far cheaper shells around, for example MKP trading at around net cash. Not to mention the more traditional route to obtaining a listing costs a fair bit less than a million itself. I stand by everything I said. The owners of Futuragene are surrendering a substantial portion of their company to get access to the cash. If the current valuation is at all realistic then they've been forced to accept well below that value in order to secure funding. capricorn, today's SAR shows there are 9.15M shares in issue. I don't understand where you're coming from with this: 1. The new proposed floated volume of shares will be 25.26m, hence 15m will be floated on June 15th following EGM approval (very conveniently exactly one third of the total approved share capital). Today's SAR shows there are currently 9.15M shares in issue. What's convenient about issuing exactly 1/3 of the authorised share capital? 2. OND are making an assumption of what the target share price will be on June 15th, in order to make this calculation (i.e. 17.5m / 0.6957). At current prices, the combined entity will be valued at £25m! I don't see anything in the wording of the announcement suggesting a price-dependent component. It reads as if all the conditions and prices have all been fixed. The market price makes no difference. 3. There is a provision to issue a maximum of 45m shares...this is available presumably for further share placements after the first 12months working capital runs out and/or in case the target share price upon floatation drifts lower than the current calculation. This relates to the purchase price of Futuragene. The maximum price will be 45M shares. These shares will not be used for fundraising activities (at least, not unless the conditions for their issue have passed). I'd guess there's another resolution about increasing the authorised share capital which would allow them to issue more shares for cash, although it may be high enough already that they have no need to do this. Changes in the authorised share capital don't generally mean much. Most companies have a safety net whereby they can place shares without having to consult shareholders first. Doesn't necessarily mean they will. So the next question is what is the expected float price for the shares £1, £1.5 (as someone suggested last week), 75p....who knows (besides the MMs managing them to their final destination June 15th)....but £1 so far seems to be the center of gravity for this stock. This is a placing and acquisition, not a float. The shareprice is completely irrelevant to the process. Today's RNS are interesting. Someone has taken a very large spreadbet position, presumably since the suspension was lifted. Could be a straightforward long but I'm more inclined to think it's related to the placing and acquisition somehow. Any ideas?
26/5/2004
08:08
capricorn_1: Sho - I've recently bought into VOS and am hoping that they will perform a value enhancing RTO over the coming months. They are not in suspension at the moment, and with Comdirect one can buy up to 500,000 for 1.08p at present (saving of 0.17p). In fact I might buy some more myself in due course. I've now taken the trouble to read all the OND announcement. I can now see that although these are highly speculative, there is in fact some logic in holding them in the run up to the 15th June merger, especially given that most of the new shares will "locked in" for 12 months, if I've interpreted the announcement correctly.* The key for me though is the waiting time from trials of the patented technology to revenue generating activity. *edit: If there are 9.16m shares in circulation at present and we are told that the "lock-in" number of shares will be 69.57% of total new placed shares or 17.5m, then we know two important assumptions about the placement and acquisition: 1. The new proposed floated volume of shares will be 25.16m, hence 16m will be floated on June 15th following EGM approval. 2. OND are making an assumption of what the target share price will be on June 15th, in order to make this calculation (i.e. 17.5m / 0.6957). At current prices, the combined entity will be valued at £25m! 3. There is a provision to issue a maximum of 45m shares...this is available presumably for further share placements after the first 12months working capital runs out and/or in case the target share price at the time of the placement drifts lower than the current calculation. So the next question is what is the expected placement price for the shares £1, £1.5 (as someone suggested last week), 75p....who knows (besides the MMs managing them to their final destination June 15th)....but £1 so far seems to be the center of gravity for this stock. All IMO, DYOR, but interested to hear other views!
21/5/2004
07:24
topnotch: Just to remind you of one of the more 'informative' postings by a 'learned' traders/investors on this BBS dell314 - 12 Jan'04 - 09:33 ..... which rather suggests you lot aren't going to be getting your 50p a share that this was suspended at... AND NOW A POSTING BY TOPPY!!!!!!!! topnotch - 15 Jan'04 - 09:35 ...this would put the share price at around £1 which is what I have been lead to believe would be the true value for OND. LOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOL Those who know lead - those who don't..... TopNotch Addicted2shares
20/5/2004
18:37
milo78: Capital Reduction does not effect the number of shares in issue hence the share price. It is not a script issue.
21/4/2004
11:45
m1dge: I am not an expert as I am about to demonstrate, but what happens to the share price will surely be dependant on the quality of the company that is reversing in to OND. In terms of any split, if the company is valued at £30M and the AIM listing is worth £3M them a 1: 10 share split is reasonable. If the market cap subsequently goes up to £100M yout total stake will go up likewise. Lets hope they have chosen a good company. For me it was money I had given up on anyway.
18/2/2004
17:26
capricorn_1: Dell - I see where you are coming from, and your reasoning is valid in itself. But you know as well as I do, that speculative share investments rely strongly on a hunch for how the market is evolving and how this will directly effect one's target company. NBT's share price has been all but demolished over the past three years. The reasons are well know and not unique to NBT. But we are in 2004 in the beginnings of a new phase of growth and consolidation. I am banking on NBT gaining from this. It's announcement at the beginning of Feb suggests there is progress....but I believe there is much more which will only become clear at the time of the results. You also know as well as I do, that once we are aware of any good news, that an illiquid stock with on 16M shares in circulation, will not hang around at today's prices for long. So my philosophy with the likes of OND, NBT, NEB, VBT, DDD, and YOO (largely happened already here though), is simple: All hold great promise, the market conditions are turning their favour, and their price is still relatively low in P/E terms should they happen to continue their trend towards profitability (as I believe they all are and will) during 2004. That's a risk profile that I'm more than happy to live with and promote (you call ramp), but each should do their research and decide for themselves. Good luck with whatever you decide, but keep an eye on their progress during the next few weeks, even if you don't invest.
17/2/2004
12:31
mclellan: dell- thanks for your comments. I've been reading the BB for AFD recently in which I have some shares. The people seem to divide into camps and growl at each other in various degrees of intensity! Quite amusing - all very one-eyed. You are called a deramper if you dare to question that the share price might not reach the stars and that there is great hype and expectation in the price. Made a profit on them and still hold some, but rather speculative.One of my worst performers is actually Shell- so much for "safe" FTSE stocks. HSBC and Barclays are not bad. Just bought some Fortune Oil and Offshore Telecom -the latter is doing quite well at the moment. Seems to have woken up. Cheers for now, F.
21/1/2004
11:42
topnotch: As far as I'm aware K&W are'Still considering' their options of which company will be used to reverse into OND, they will be issuing a document of their intentions which originally was supposed to have been in early January of this year and which has now been put back, and the suspension is not going to be lifted 'for a few months' yet. But the original reverse vehicle was expected to have given OND a post-suspension price of 100p, now its debatable what is going to happen. As for VOS, I have it on good authority that it will be reversed into but not just yet. The share price is toooooo low and originally it was to have been suspended @ 3p and then a share consolidation of 1-100 was supposed to have happened. The shares were then expected to have been suspended @ £3 prior to the RTO and then opened up post-suspension at £15. All my own research and speculation, make of it what you will TopNotch, http://www.addicted2shares.co.uk
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