Saltmark Share Discussion Threads

[tomsboy] 07/8/2003 16:29

Bigman
I do not think this lot would be able to reverse a car into
an 10000 acre field, much less find a suitable deal.
Check out their track record I am sure you will be impressed.

[bigman] 06/8/2003 07:57

I am not interested in last winters snow...it has gone..reset button pressed... and have been adding these to my portfolio in steady numbers building up a nice holding....quite simply the company is valued at the ammount of cash in it.. so value of the quote and then the stake in the old business has to be added.. then there is enterprise value of any company that reversed into it..... just simply see this as a nice share to tuck away as when some action takes place it will give a big percentage leap... but plainly not a share for W&O,faint heart or skiing on last winters snow

[tomsboy] 01/8/2003 19:37

We could all see what was happening but we did nothing
about it, to late now the horse is in the Michael Meyer
stable which of course was the plan.

[abbo64120] 01/8/2003 08:32

Bigman,
They all have interests elsewhere now, we were had, simple as that - hook, line and sinker.

Sorry
Abbo

Added in Edit
p.s I forgot to mention we were also too bloody greedy and couldnt see the horrors in the accounts from two years ago because of this.

[bigman] 01/8/2003 08:25

I agree not much seams to be happening, but surely it must at sometime. I just can't imagine that the company is just sitting there and directors are not on with a plan of some sort as after all that is when they get to make money.

[abbo64120] 01/8/2003 08:04

Its not happening bigman!

[bbinvest] 31/7/2003 15:33

I'm not holding my breath after making a conscious (& much overdue) decision to start living in the 'real world' some time ago.

BB

[bigman] 31/7/2003 08:12

I am glad that you accept that the cost of floating on aim would be £75k is B@ll@@ls.
As you are well aware codoctor, one does not mount a takeover of a shell company by buying its shares. Should you wish to reverse a company into a shell it is what it says it is ie REVERSE TAKEOVER in that the shell company buys your company for shares. depending on the value of the relative companies in that the shell may have cash of £150k which is roughly saltmark and have a quote on aim which just for fun is worth £200k (being the cheapest that one could float a SMALL company making say £300k pbt on aim for) so one would value the shell at £350k.(that is what we shareholders and hopefully the directors wold argue is at least the value) The company owners wishing to reverse into a shell would try to value their own company as high as possible and the value of the shell as low as possible. but lets say the private company was making £100k pbt and that they agreed the value of their company was 3.5 times pbt making it £350k ( the same value as the shell) then they would simply issue the owners of the private company 1 share for every share in issue as the values are the same. so we now have a company worth twice its value with obviously twice as many shares. the big pick up in value then is that a private company PE is always much much less than the PE of a public company so if the sector average of the business that the company is oporating is is say a PE of 10 then the big increase in share price to both the owners of the shell company comes about and ofcourse the owners of the shares that the former private company owners have also increase.
So we all end up making shedloads of money

[codoctor] 30/7/2003 11:00

bigman,

Came from one of the bigger institutions.

OK so you tell me how much it would cost to acquire sufficient shares to trigger a takeover of Saltmark, do the due diligence and comply with the "Blue Book" requirements. Even then you don't really know what you are getting into.

Got to be cheaper and safer to go for a new float.

codoctor

[abbo64120] 22/7/2003 15:41

Thanks codoctor,

Hope you had a nice time.

[abbo64120] 18/7/2003 00:41

On a slightly more serious note, what (in the opinion of anyone who might know...codoctor please!) would stop a company such as the reformed "Just Group"(they have apparantly been seeking a re-listing for many months now)
reversing into SMK?

If any move were made by xxx company what would the implications be on both SMK holders and the existing shareholders of xxx company?

Abbo (just dreaming!)

[tomsboy] 17/7/2003 00:26

ABBO64120

All I want to know is what happens to our 7.5% interest in
Direct Message when this folds?
Which is as certain as night follows day.

[abbo64120] 16/7/2003 13:31

Try and find out then.

[tomsboy] 08/7/2003 10:59

Hush hush whisper who dares Roger Newton is saying his prayers.

[abbo64120] 04/7/2003 11:48

Pump and dump is was then!

Hardly seems worth it to me 100000 shares Bought .35p sold .45p = £100.00 profit less trading costs.

Abbo

[fudge123] 04/7/2003 09:30

saltmark? more like skidmark.

[bigman] 04/7/2003 09:20

My broker can,t get me 500k of these so will have had to pick up small ammounts but still way short of my taget holding.

[kgab2268] 04/7/2003 00:14

Price just ticked up as I wrote that post.

[kgab2268] 04/7/2003 00:09

"Before some poor sap starts to believe him" - Everything I've said is based in fact. SMK has risen 15pc on small volume and MMs are short of stock. More buys mean that the price will rise, and fast.

Shame that MDY is losing ground now, but in the long-term the stock is a winner.

[primrose] 03/7/2003 22:41

Interesting post..
LOL

[suehelen] 03/7/2003 22:01

Last one out please switch the lights off.
If you forget to do so in these then do so in ZYZ.

[katsuman] 03/7/2003 21:58

L2, forgot to add, if it was SMK (Showa Mussen Kogyo), I may take a different view!
cheers