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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Teleunit | TLU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.35 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.35 | 0.35 |
| Top Posts |
|---|
Posted at 26/8/2010 12:22 by buggy If you find out let me know.Have a significant chunk of these. Been delisted and they have sold NEOMOBILE a while ago for a significant amount. Not sure about their intentions, would have preffered a distribution of excess cash in the form of special dividend. |
Posted at 02/3/2010 14:28 by buggy Anybody tried to contact the company sto se what it's intentions are with regards to teh sales proceeds from Neomobile?I know somewhere it mentioned something about money for acquisitions but surely we are due a dividend or something. |
Posted at 24/1/2010 19:30 by buggy No idea m8. I was hoping that they would distribute some special dividend from the proceeds of the sale of Neomobile. |
Posted at 20/6/2008 09:35 by buggy 8Trader,You are not too bullish, even the other parts of the business apart from Neomobile contribute to profit. I am just being over cautious, and assuming that even if there is a total collapse of the rest of the business then the Neomobile deal will provide a lower floor value on the worth of TLU. {Just me building in a very large saftey net}. I do believe that does that are willing to take the chance that this deal will be completed and buy in now before the rerating will be handsomely rewarded ... but as they say "....you pay your money and you take your choice". |
Posted at 20/6/2008 07:59 by buggy Just had a quick glance at the results.A right mixed bag. There are some positives but also a lot of uncertainities and decline in their previous prime earner. I will hold off judgement till the deal that is supposed to be completed by 28th July (sale of minority inteterest in Neomobile). If they pulls that off then it will put a flor on the value of te company and there will be some serious re-rating. If this deal is completed I wil base my value of TLU on the value of Neomobile and the rest is in for free. The rest are not loss making so whatever the3y contribute going forward I will take as a bonus. DECLINE IN KEY BUSINESS ARE: Currently the major earner for TLU was the Prenium Access business. The decline of this area due to new proposed regulations in Italy has a significant impact on the groupd turn over and profits. { Luckily the growth of Neomobile will mean that Neomobile is likely to overtake Prenuim access as the key contributor). Working capital intensive business going forward: Previously TLU used to collect outstanding debts within 30 days of billing. The new arangement is now that 80% of dept should be paid within 90 days and the remainder within 120 days of billing. Since TLU still pays its agents/partners twice a month, they are in effect paying with their own money something that they will not fully collect back for 120 days. All in all my initial gut feeling is that Neomobile alone will carry this company and all hinges on this minority sale being concluded. [A venture bank would not be investing if they have not done a proper due deligence and decided that it is a very attractive business]. That deal will also help to put a figure on the value of Neomobile thus the lower value of TLU. The money that the company will receive will help to ensure adequate working capital in view of the now capital intensive nature of the business. Again I have just had a quick glance. Will analyse the results at leasure later on today. |
Posted at 19/6/2008 13:50 by 8trader Any reason why they did not save this news for results buggy ?Just been familiarising myself again with the company, debt of around 18 mil on last results. Then a settlement worth 7 mil euros with 2mil+ more possibly later. Teleunit settles dispute with Telecom Italia over overdue receivables (Teleunit Spa) "The group said its cash position has significantly improved after the settlement" Then yesterdays news. Concurrently, the Board is pleased to announce that it has signed an agreement with a major Italian bank's Venture Capital subsidiary for the sale of a minority stake in its Mobile Content Services business, Neomobile, for a total cash consideration to TLU of 23 million. TLU will receive 10 million from the Venture Capital company in exchange for a 20% stake, 1 million from Neomobile's Managers in exchange for a 12% stake and 12 million in new debt, thus providing an important contribution to TLU's working capital. The Transaction values Teleunit's residual holding of 68% of Neomobile at 34 million which represents a substantial premium to the current AIM market capitalization, and will result in a material injection of cash to the Group's balance sheet. The closing of the Transaction is subject to the raising of 13 million debt financing (1,0 million of which will be used to fund expenses related to the Transaction) and Antitrust approval. Although the Board believes that conditions for completion will be met by end July, no guarantees on the successful closing of the Transaction can be provided at this time. One question from that.."12 mil in new debt"...what does that mean ! In theory i think all debt could be elimanted now with a stake possibly worth 30 mil or as you say around 5 times the current market cap. I can see why the excitement, problem is the desperate current market conditions we are suffering here, not many buyers about. Maybe tomorrow results will clear everything up. |
Posted at 19/6/2008 08:33 by buggy 8Trader,Hopefully the deal for minority sale of Neomobile puts a floor on the value of TLU. Even if you get the rest for nothing then it still puts this at a value of about 5X current price. Past issues and lack of visibility is one of the issues for this company, company still under the radar.... will never really have any institutional holdings because most of the share are not in free float and controlled by one family and domiciled in Italy. Results out tomorrow: I am looking to see how the core business, (telecommunication and Mobile content) is performing as I believe these are the areas that they should focus on. >>>hence not a bad thing , in hind sight, that they are writing off Pro-advertising and Starline investments. |
Posted at 18/6/2008 22:17 by buggy Based on today's announcement:"...This deal puts the value of Teleunit's share of Neomobile, (68%), at 34Mill Euros..." That equates to £27 Mill >>> and the market cap for TLU is .about £5 Mil.>>> less than a fifth of the value of Neomobile and the rest of the company , (telecommunication part), is thrown in for nothing !!!. Seriously undervalued I think, but when will the market catch up. |
Posted at 02/1/2008 12:20 by buggy Hi Glencr,I know that you can buy 500K on line, but check the free float. Shares on issue =186,744,249 Tightly held shares: Shares held in treasury =800,000 Shares held by Mr G Cimica = 1,837,000 Shares held by Cimica's wife = 3,406,866 Shares held by Exec Dir (Micheal Phair) =7,275,000 Shares held by TLU International (company owned by Cimica and immediate family)= 123,251,268. Taking account of the above tightly held shares means that there is only 50,174,115 shares on free float. Now other major shareholders as of March 2007 are ( which should again reduce the number of shares available): SIS Segaintersettle AG Zurich= 34,535,841 The Throgmorton Trust PLC = 8,525,000 Fiduciary Trust = 6,765,000 Framlington UK Smaller Companies Fund =3,800,000 The sum of the major share holders interest listed above comes to 53,626,741 shares ??? This is greater than the amount of shares in free float so it is clearly one of these companies that is exiting, (hence you could for now buy up to 500K online). Edit: This happened before just before I bought in, about 1 month or two ago. You could buy 500K online and I initially bought in at between 2.5 up to 3p. After this the shares dried up and the price was marked up to 3p for a sell. Before X-mas, I presume a line of stock came back into the market and the price was again dropped. |
Posted at 21/11/2007 13:53 by motivetv How are you william, too wrapped up with Blink, to post anywhere but on here, was waiting for TLU to start moving..Should see some serious gains from here, yesterdays fall was way overdone. |
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