||ORD USD0.0005 (DI)
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Techfinancials Share Discussion Threads
Showing 9826 to 9848 of 9850 messages
|It's nothing yesha
Unusual today, you can sell for the offer price 7.5p but buy for 7.425p, sort of free money but not enough of a gap to arbitrate.|
|Can someone help explain the meaning of this yesterday:
07/02/2017 16:40 UKREG TechFinancials Inc. Second Price Monitoring Extn|
|I keep watching this thread... Hate this company, took massive hit a year back, but if it drops any further, gonna get back in to take 20-25% profit.|
|talking to myself i know, but cash balances were bolstered by just over a $1m in December.|
|will interesting to read through the small print in the accounts by the auditors or management to see if the loss of use of the software was mentioned|
|Sold out today at an unnecessary large loss. If I had paid more attention to the 13.00 RNS I would have sold at that time and saved myself loads. Note to Self.............|
|looks like people in the know already knew what was going on as price action after previous statement led to fall rather than price stablization
luckily only a tiny position|
|TS out - mixed bag
Ahead but largest customer loss in 2017
Really need to see detail
Only a small position so will wait for more detail in FY results
GL - SJ|
|MITON takes it in the behind again after the debacle on FPT
Are they stupid|
|Surprised this wasn't killed today given its software is to do with CFD's.|
|Yes I got worried about the general markets and am afraid took a quick profit here a couple of weeks back.
Haven't looked since I sold.
Will look again.|
|Re TECH. I got very lucky here and made a decent turn in a week or so on a small holding. I got out because I could not really understand the accounts and the jv and have been further put off by the rns correcting the eps numbers, a huge and very basic error!
I am itching to get back in as I think binary betting markets will be huge but I also very nervous about the complexity of the jv agreement. Anyone have any thoughts?|
Transcript from the latest podcast
"Explaining what CloudTag is, Amit responds that they are a digital health platform IOT company who come up with sensors and are measuring certain body outputs, currently focused on heart rate with electrodes and have decided the future for them is to lock on to a sector rather than one device for everybody and are mastering the huge weight loss industry as it’s the largest in the sector and most talked about as governments and private insurance companies are sweating paying out because of people who are overweight, leading to chronic diseases, such as type 2, cardio vascular and not to mention amputation, unfortunatley."
|Guys - I took a stake in this company on 12/9 based on the results.
The key to the growth of this company in 2016 is the development of their JV with optionfortune. The terms of the JV as detailed in the RNS are fiendishly complicated and as one of the posters said before, I also would not pretend to fully understand it.
So I have taken the worst case scenario and worked out some numbers.
- total issued and diluted shares currently number 66.5m
- this number does not include the treasury shares, 3.9m, held in escrow for the optionfortune JV
- so the total diluted number of shares at worst is 70.4m
- the company has declared a diluted eps of 1.88c for the HY
- by including the escrow shares, this comes down to 1.78c
- as another poster said, the broker forecast for the full year is only 1.11c
- it therefore transpires that the company has made more in HY1 than the broker estimate for the full year
- So that takes me to the prospects for HY2. After listening to the TV broadcasts and interviews posted on its website, the company appears very bullish about their prospects with optionfortune on the B2C side, and new contracts signed on the B2B side.
- my take is that they will make at least eps of 2.0c for the FY2016, against a current broker forecast of 1.11c
Now for the health warning. There are lots of assumptions in my note above, the more "iffy" being the JV terms & conditions. Also this is a company registered in the Cayman islands and operating from Cyprus, and run by Israelis. The red flags are obvious. The regulatory winds are against this type of business, viz binary options and CFDs. On the other hand the Asian market for these kind of products is huge and growing.
FWIW my view is that this is very high risk/ very high reward proposition. I will stick with it for a few months and be prepared to bail out at the first sign of dodgy dealings.
All IMO and please DYOR|
One of us is on the wrong page!|
|Interesting RNS today - Hardman & Co have published a free report on Real Good Food, and the link is:
After reading, IMHO valuation looks OK but those hoping for 70p are going to have to be very patient, at 37p to buy this looks fairly valued to me.|
|Just read the original announcement of jv again.
Dont pretend to fully understand it still but a key point is
The Partner will transfer its trading platform activity and all other intangible assets related to its operation to the JV. Assuming the JV produces US$2 million of net profit in calendar year 2016, TechFinancials will issue to the Partner's shareholders a number of TechFinancials Inc. shares held in escrow worth US$1.54 million, at a price equal to the share price at the time of TechFinancials admission to AIM (27p), or the average price over 30 days prior to the closing date of the JV agreement, whichever the higher.
The key point being that the minimum value assumed for the shares will be 27p, nearly double todays price.|
|Anyone know this company well or have a brokers note? What is the relationship between Dragon and Tech, any common shareholders?
I took a small holding a week or so back as looked interesting but admit that as I do not have a clue what all this means I should probably dump them.
Having said that Christopher Bell as non exec chairman gives it some credibility.|
|Check out note 7.
Dilution is assured for shareholders, reflected in the big attribution to non-controlling shareholders.|
|yes on the return to profitability...that's what counts in these markets imo|
|If they have bond holders, they may be in front of regular shareholders. I am just dropping this in, I have no clue it this is the case here. Niven update, GLA to all holders|
|Of the profit of $ 1.2 mio, it mentions that $0.448 mio is attributable to the 'owners of the company' while the balance of $ 0.804 mio is attributable to 'non-controlling' interests.
Am I right in understanding that the full profit is earned by equity shareholders of TECH, since they use the $ 1.2 mio figure for the EPS calculation? Can't quite get my head around it.|
|Yes good to see, solid trading return to profitability and ongoing growth. Can't ask for much more imo (except a blue day on the markets)|