Senterra Egy Share Discussion Threads

[partridge2] 12/1/2005 18:05

Before everyone gets upset I am only having a laugh. Good luck to all

[humbagash] 12/1/2005 17:48

partridge2
Not half as funny as the loss you have had on this investment, at least someone has the "balls".

[partridge2] 12/1/2005 16:50

Right Im off for a meeting down at the pub with a guy I met on isle 3 at morrisons. Were gonna discuss taking over screen!

[partridge2] 12/1/2005 16:09

I HAVE NEVER READ ANYTHING QUITE AS FUNNY AS THIS ON ANY BB IN THE PAST. KEEP IT UP IM GOING TO P+SS MYSELF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[dmhzx] 12/1/2005 13:59

I can think of several reasons:

Anyone who wants this placing may just be concerned enough to hedge their positions.

As for who has sold: I suspect people seeing their interest in the company about to be decimated, seeing a placing at 1P, may well reason that in the short term, the price could drop below 1P, in which case getting 1.25 to 1.5 today represent a good bet.

Just have another look at the interims and the share price at the time and think it through.

On the other hand, maybe there is someone like me aroung who DOES have the cash and can take the entire company private.

As it is right now the company is a sitting duck for an asset stripper. The only winning strategies I think for existing shareholders is either ride the current wave and sell out at the top, or support my plans.

I am willing to predict that if the placing goes through, it will be a very long time before you see 1.5p again. -- Another consolidation and further drop is more likely.

Oh, anyobudy who bought a few days ago at 1.25, may well see 1,5 today as a decent protif.

[dexdringle] 12/1/2005 11:05

dmhzx said "And why do you suppose nearly half of the company has changed hands since my campaign started????"

This would suggest that 50% of holders sold wouldn't it ? Why would they sell at current prices ? Are you suggesting some sort of conspiracy in which case exactly how has this worked and who has benefitted ?

[dmhzx] 12/1/2005 11:02

konkel:
Nobody ever learnt anything or achieved anything without trying.
I'd be interested to see how Collins Stewart wrapped up 50% of the vote with just one investore holidng more than 3% of the company. - Only just over 3% at that, albeit wholly owned by Collins Stewart.

M&S is mostly owned by institutions. And I seem to recall that Peter Green did tell everyone, and he can afford it himself. I can asure you if I'd had 500K of readies myself I would need to seek supprot.

Nearly all this comapny is held by small shareholders. Any suggestions as to how to enrol their support without going public?? - I did contact 'all' the institutionmals first.

A no vote dore not mean adminsitration. I've said all along that a no vote must go with a board replacement precisely to stop them calling in administrators out of spite.

Administration is only necessary if
a) HBOS pull the plug on this recovering company
b) Nobody else is prepared to offer funding.

AND JL alone is I suggest worth more than 2p a share, so even If 'we' have to sell everything else of ourselves, the existing shareholders are likely to get back more than they will by haging on for possibly years.





This is not without risk, I know, but support is beginning to flow now.



And why do you suppose nearly half of the company has changed hands since my campaign started????

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[konkel] 12/1/2005 09:16

Guys, esp. dmhzx....whilst I sympathise with your situation, the chances of scuppering this placing are precisely... zero. In spite of a nice fat fee, CS would not have bothered raising this cash unless they were certain that it would be approved....they'll have wrapped up 50%+ of the vote already. All holders backing dmhzx should be aware of two things:

1) he/she is clearly an amateur....you don't see Philip Green telling the world and his dog on a BB that he's gonna make a bid for M & S!!

2) a "no" vote takes the Company into administration and we all get nothing.

dmhzx, as I 've said I admire your attitude and applaud your efforts....unfortunately, however, you're a bit out of your depth on this one.

p.s. I'll be the first to put my hands up if you prove me wrong!

Good luck all!

[dmhzx] 11/1/2005 17:05

For a hostile bid we need the following (yes there is time)

1) About 1.2 million quid. We'd probably need to offer 2p per share.

As I said last week I can't do that on my own, BUT am prepared to set up a holding company. We could each buy shares in that, and use the funds to then buy SEN. Once we get to 25% we have to make a formal bid I believe. - But with about 20% of the shares we could approach the board.

2) A credible plan to replace the existing management team. - How credible this needs to be depends on point 3!! Whereas I know I can put together a board quite capable of running this company, a team of three or four unknowns is unlikley to impress HBOS or anyone else. But we should be able to establish that the new board will cost less than the old one, and that we certainly won't be spending £300,000 on bad advice.


3) Either HBOS to agree to continue supporting us till overall profitability. (Expected this year remember), or find another lender to take over the debt. It never ceases to amaze me how many companies are destroyed by the banks just after they have turned the corner and are on the 'up'. Please also remember that banks do not actually want their money back. If you pay back the bank, then they have to find somebody else to lend it to. Their real interest (pardon the pun) is in being confident that you can service the debt (pay the interest).

4) Whatever happens, we must be sure that the present board don't put the company into administration. This WILL lose us and all the other shareholders everything.

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[safman] 11/1/2005 14:22

looking at vols yesterday /today... v. high... MMs selling stock they don't have ..picking up some at 1p?..

a 50% upside from the placing price of 1p..

saffy.

[timbrooksbank] 11/1/2005 13:25

Hostile purchase sounds interesting but is there time to organise that? I've only 20000 but have filed my No vote. I'd be interested in getting hold of a load more shares.

[dmhzx] 11/1/2005 10:45

Don't forget to get thos votes in folks.

Don't leave it too late to contact your nominee people to make clear what you want.

Based on yesterday's trades, there SHOULD be a RNS very soon:

With a quarter of the company changing hands, either someone MUST have over 3% by now or our friends at Collins Stewart are sitting on about 20% of the company by now.

I wonder what City ethics would be about the company's broker casting its votes for a proposal they have been paid £300,000 to make?

Oh silly me, fancy putting 'ethics' and 'city' in the same sentence. - An oxymoron I think.

[taffychaff] 11/1/2005 07:50

well you are achieving something here.Well done so far.

[osammyboy] 10/1/2005 19:54

dmhzx
You can count on my 50000 votes. I'm in an nominee account with Barclays and will instruct them to vote no to all propasals

[humbagash] 10/1/2005 13:18

Sounds like a mini Marconi.
Don't hold your breath for direction from FSA.

Good luck dmhzx

[taffychaff] 10/1/2005 13:16

looks like there is a bid coming...23% of existing share capital changing hands.

[dexdringle] 10/1/2005 13:13

Guys

Lets face it - we've been 'done over' here. And it's all legal !

Suggest those holding buy a 10 for 1 at 1.2p to average right down in the hope of getting some kind of reasonable overall % of investment back when these 'people' drive up the share value for their own ends........

[gegg] 10/1/2005 13:07

DMHZX, You have my vote, let me know what i need to do.

[topdealer2] 10/1/2005 08:19

strangely quiet here today considering the interest in these.
Reckon we could see these up 15-20% today.

[dmhzx] 09/1/2005 21:01

gegg: If you're prepared to support my campaign then yes. Otherwise who knows?

Just remember: The placing, at which existing shareholders have been denied any chance to buy, represents a 90% dilution and a 90% discount to the price when the need for money was published. Negotiation for a placing at 1p MUST have been underway when the share price was at least 4p.
During this the company was being advised at a cost of £300,000 by Collins Stewart. SEN has also paid £75K to a bank who just happens to share a director with - yes -- SEN.

I haven't yet fully worked out by Tom Bulford has ignored this, has not mentioned that the give away (sorry 'placing') still requires shareholder approval, is in two tranches, and is still dependent on the inland revenue agreeing to play ball with whoever the (as yet unknown) lucky institutions are.

I wonder who he's 'in bed with'

gegg and Seanworld: Any chance of either of you supporting a no vote and a replacement board? Time is running out

[seanworld] 09/1/2005 18:44

No problem dmhzx. Good post too well summed up. Recieved that news from a friend who subscribes to RHPS, originally told me SEN was a tip but its actually gone on T.Bullford's WATCHLIST.