Saltmark Share Discussion Threads

[fund1] 26/9/2003 10:08

d6 you sure can pick them zyz and now this.

[mark sloane] 26/9/2003 10:06

TOO RIGHT THEY ARE-THIS ONES ONLY GOING ONE PLACE AND THATS NORTH

[chicken] 26/9/2003 10:04

Collin stewart

[fund1] 26/9/2003 10:04

Moving towards No1 spot

[scotty500] 26/9/2003 10:03

LOL at Chicken !

[fund1] 26/9/2003 10:03

MMs short of stock for sure zyz part2

[chicken] 26/9/2003 10:02

oops worng thread! should be the zyz thread sorry

[psps] 26/9/2003 10:02

have a look at CYX

[chicken] 26/9/2003 10:01

i bought @ 0.55p its a 5 bagger in 3 days! for no reason! Get into smk!

[scotty500] 26/9/2003 10:01

Chicken - How you shorting ZYZ ????? Who takes your short on that stock ???

[fund1] 26/9/2003 10:01

Moving up fast now.

[go han] 26/9/2003 10:01

Share figures: 61m current shares in issue divided by 5,000 would mean 12.2m shares if all entitled. However, given the 5,000 shares cut-off only 7.4m existing shares will be converted to new shares (5.14m new shares in issue less 3.67m shares placed = 1.47m new shares converted from existing shares).

Based on this, then 7.4m/12.2m = 60.6% (ie 39.4% of the existing shares disappear without converting into new shares).

How does this translate into the equivalent share price today for holders of more than 5,000 shares? Existing eligible holders get 28.6% of the new shares (1.47/5.14). If the market cap post reorganisation is based on the placing price (ie 23p x 5.14m shares) then this is 1.18m quid. 28.6% of this is 338k which equates to a current price of 0.55p based on existing 61m shares in issue or 0.91p if you only take into account the eligible shareholdings of 37m (ie 7.4m x 5,000). Erring on the safe side, I think 0.55p is the figure to look at as I can't be sure my calculations are correct. Anything more is a bonus (and a gamble).

As I said, a possible upside but not a lot given the current bid offer is now 0.45p-0.55p. All IMHO, DYOR.

[scotty500] 26/9/2003 10:00

Chicken - Which MM dropped on L2 ????

[fund1] 26/9/2003 10:00

Selling at a loss chicken why?

[chicken] 26/9/2003 10:00

and into smk

Now shorting ZYZ in blocks of 200k

[chicken] 26/9/2003 09:59

Level 2 dropped - time to get out im selling

[tonyx] 26/9/2003 09:59

RSV anyone?

[psps] 26/9/2003 09:58

any idea about CYX ?

[scotty500] 26/9/2003 09:55

Probably, but I bet it get to +1p or 2p before it stops rising ! I was saying the same about ZYZ and that has risen 300% or so......ZYZ is not as viable a business as this either imo.

Anyway not my cup of tea, but good luck.

[fund1] 26/9/2003 09:55

No 3 in the risers list.

[sirshagalot] 26/9/2003 09:51

it will all end in tears

[calum] 26/9/2003 09:39

Just tried buying via comdirect - can only get 25k at a time @ 0.45

[fund1] 26/9/2003 09:39

Thanks for the info Go Han.

[go han] 26/9/2003 09:38

Mmm. Had a quick look. There is a possible upside as only 600 shareholders with more than 5,000 shares will get any new shares. I think this means that around 50% of the existing shares in issue will just disappear!

Still watching and you'll be glad to hear that L2 has improved again. 2 x 1 0.35p vs 0.45p. Only KBCS on the offer. All MMs quoting 25k sell or buy.