Smc Share Discussion Threads

[davius] 03/1/2008 16:37

Jimmy, I think the idea of raising £15m via the placing was to get the debt down and provide enough working capital for the medium term. I was surprised to read that the offer was fully underwritten.

I held a small number of shares recently and have received communication offering me new shares at 8p each. A small dampener is that I can now buy them through KBC at 7.25p.

One to avoid, at least until any overhang caused by the new shares is cleared out I think.

[jimmy c] 03/1/2008 12:40

I'd be very worried if i held any of these from what i'm hearing. Not rocket science to see that banks will pull the plug rather than risk more debt. Suspension coming??

[love it] 18/12/2007 11:44

Fully underwritten hmmm how did they manage that. Well done.

[njp] 18/12/2007 11:42

cyberbub

Or possibly overwhelmed them?

[cyberbub] 18/12/2007 11:34

Hmm, the announcement today seems to have underwhelmed shareholders, judging by the complete lack of comment so far. I suppose it is only 30 minutes! What do people think of it? Slightly higher price than some people had been suggesting.

Personally I still believe that SMC does have a fighting chance of recovering, but it is going to take at least a couple of years.

[cool_hand] 14/12/2007 09:37

IMO creative companies such as these should not be on the stock market.

Better to grow slowly under your own steam than expand quickly and go to the wall.

[njp] 14/12/2007 09:34

Would be a great shame, cool_hand, as they ought to be both profitable and cash-generative by now. But it's not a great time to be looking around for debt finance. I've always thought they had to stump up with an equity contribution, and that requirement may now have grown. The consequent dilution ain't going to be pretty.

The other route of course is to flog bits of the business off, but I don't know how feasible or rewarding that's going to be.

[cool_hand] 14/12/2007 09:19

their problem is not the work, they have plenty of that, the problem is debt - they are up to their eyeballs in it. in the longer term my guess is they either go broke or the company is broken up. £2 to 8p in 12 months that's not rocket science.

[mistertibbs] 13/12/2007 16:26

Check out what the auditors said in the recent results. Every business requires working capital.

[debaleb] 13/12/2007 15:36

Hard to see how they can possibly lose money or why they need more, this line of business isn't rocket science and the work is plentiful.

Don't hold but know someone who works for them.

[8trader] 13/12/2007 14:51

I hope nobody else chases this higher !

There will be a fundraising where the directors will allow themselves
to buy loads of new stock well below the current price, maybe 5p because
you just know it's going to happen.

I see the thread has just a pump and dumper left on it...W47 will ramp
just about every bit of trash on Aim you can find.

[william47] 13/12/2007 14:35

blue by close mm,s dragged this down.

[william47] 13/12/2007 14:27

another tick-up coming

[william47] 13/12/2007 14:13

l2 all blue

[love it] 13/12/2007 14:00

LOL I will eat my hat very bad news and up it goes. lol william when you going to dump

PS Fundraising is not done they do not know if it will be taken up! Big difference

[william47] 13/12/2007 13:54

FUNDRAISING OUT THE WAY .BLUE

[cool_hand] 13/12/2007 13:39

WOW YOU HAVE LEVEL 2 IDIOT, WOULD NOT OF GUESSED, LMAO

[william47] 13/12/2007 13:37

L2 2V1 IDIOT

[cool_hand] 13/12/2007 13:23

CAPS LOCK IDIOT

[william47] 13/12/2007 13:19

L2 GOING ALL BLUE.RNS STATES BUSINESS IN LINE WITH EXPECTATIONS SINCE JULY.FUNDRAISING WONT BE AN ISSUE 7P PLACING 12-15P VERY SOON

[cool_hand] 13/12/2007 13:11

so are you buying william47?