||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Parseq (London Stock Exchange): 0 recent articles
You can grumble as much as you like but the share price of Documetric has never been over 10p. On that basis the offer is fair. You were unlucky in that you bought at a high with regard to IEN however those shares were revalued and you received 1.18 shares in Documetric and therefore the price of your shares that you paid was equivalent to 11.44.
It is true that you have lost money however if you had faith in the board, the company and the group there was ample opportunity, even up to yesterday, to get your average price down.
Buying a share is placing a bet there will be winners and losers.|
|abbey8: Good morning all , I thought we might see some movemnents on the share price today , oh well back making the tea.Gla|
|darias: With property debt at 4.7m it is possible that the concert party are having trouble raising the 18.36m required to take over the company at 7.5p. If they were planning to do a Glazer (heap the debt onto the company) this would mean the company having nearly 23m worth of debt on a turnover of 12m and loss making to boot.
We are told we are in a credit crunch.
Still we will know on October 17th. If the bid does not occur I think the share price will rise substantially. It may even start taking off as we approach the 17th.|
|darias: The interesting question is - where will the share price end up at the end of today.
At 7p offer any shrewd trader would take that with a potential bid of 7.5p in 28 days trading time. 7% return in a month cant be bad.|
|mel_d1: Darias, the share price hasn't shot up it could be Cassis drip feed the market with shares through Exempt traders! We will see if there is a rule 8.5 to show that. Still this good news nodges up the price. Hopefully, the C can't afford to buy the company now.|
|darias: It has not shot up as there is the shadow of a take over on the company with no knowledge of the price that is to be offered.
The share appears seriously undervalued on the evidence of announcements but not on the last interims.
As the concert party considering making an offer hold 44% of the shares and institutions put their money in at 7p an offer price of around 7.5-8 should carry the day. Ie secure the 50% required to make the offer unconditional. On that basis a current share price of less than 7 is realistic.
If another bidder were to come in a hostile bid would not be successful so they have to negotiate with the concert party who know the true value of the company.
There is a way forward. Get a number of share holders to demand a special general meeting or request the board to seek a time limit for the concert party to make an offer.|
|algorithmicx: "TSYS provides services to more than half of the top 20 international banks"
This share price will shoot up at some point, suprised we're not around 8-10p today already....|
|potpit: As IEN we were pushing 13 pence less than 2 years ago and there was talk of 1st dividend payments if I remember correctly, then documetrix comes on the scene we have a reverse takeover, start winning decent contracts yet the share price is half what it was. I think we are massively undervalued and there has been some seroius manipulation of the price here, the whole thing stinks of a stitch up and Remi is quite clearly trying it on. I don't think too many long term holders are going to be too impressed if an offer is south of 20p.|
|timstonvasey: I have been following PSQ for a while (the chat/share price) and today i've done a been doing a bit of research on the different companies within.
The last statement mentioned the services side not doing as well. This looks to comprise of Documentric and Avance Group. Having a look at their websites (shop fronts) both websites look abandoned especially the Avance group which is really dated (designed fully in Flash) . Does anyone know if these 2 co's are going to merged as that would save a lot of ££? The way both sites have not been updated it looks like this maybe on the cards?
Please note i don't have an investiment just wondering if anyone mored learned in the PSQ knew the answers?
|gnnmartin: Yes, I did (attend), but late, because the address given (142 High Holborn) was wrong: it should have been 142 Holborn. So I missed most of the meeting, and possibly some discussion. I went hoping to talk to Clive Richards, since I feel I know him enough to make the conversation easier, but he wasn't there.
Still, I did ask for a bit more detail on the mobile wallet, and got some comforting replies. They own the IP, and can sell the same scheme to another mobile provider should one want to buy it. They get paid for the creation of the software, then get paid for hosting and for maintenance, and if it does well they eventually get a royalty per transaction too. The one oddity that I heard was the tie-up with Visa: since all my cards converted to Mastercard over the last few years, I wonder if that limits the market. Something to look into.
I did ask how they felt about going head to head with Google. The reply was that first of all it is O2 going head to head with Google, not PSQ. I'm not over impressed by that, but it does mean that PSQ don't have much to lose if things don't work out: it's just a question of whether they have lots to gain. However, more convincingly, Google are only starting a trial in the USA, and with only 2 banks, where O2 are starting now in the UK, with their large customer base, and with whatever bank the customer uses (subject to that one reservation I have as to whether the tie up with Visa means the customer has to hold a Visa card).
I came away from my brief attendance at the meeting feeling that the mobile wallet certainly could be really big, but still not entirely comfortable with the company. I just felt I knew IEN, and don't yet feel I know PSQ. The lockin that came as part of the reverse takeover expires in a couple of months (roughly, I haven't checked exactly). It will be interesting to see if anyone sells. I don't expect they will unless the share price has increased a few pence at least.
Parseq share price data is direct from the London Stock Exchange