Telspec Share Discussion Threads

[viewtoakill] 02/5/2007 08:56

I still think this company has a fair value of 13-15p per share. This really is becomming something of a nice cash shell. It's a shame that it cost TSP £1m to get out of the OZ lease but at least it's free of any overheads from that site. It could be an interesting year, especially if another company is revered into it. I see that they didn't want to give up their Nasdaq listing. While there is some risk I think alot of this is currently factored in the Share Price. Another nice little rise this morning. Nothing to get excited about at the moment. Just bouncing off a low. Still nice to see though.

[baner] 01/5/2007 20:27

the only thing that could happen holding these shares back from a real jump back towards the 10p level - is if the controlling shareholders sell out to a less than honourable buyer with the only intention of sucking the spare cash out for him/herself.

this is when the take over panel should protect minority shareholders (Rule 9 etc) however only too many times have we seen how less prudent owners have been allowed to screw smaller shareholders with the consent of the Panel.

so, if prudence is allowed to rule: the shares will be closer to 10p within a month or two.

[viewtoakill] 01/5/2007 15:48

I still think this company has a fair value of 13-15p per share. This really is becomming something of a nice cash shell. It's a shame that it cost TSP £1m to get out of the OZ lease but at least it's free of any overheads from that site. It could be an interesting year, especially if another company is revered into it. I see that they didn't want to give up their Nasdaq listing. While there is some risk I think alot of this is currently factored in the Share Price.

[made1686] 01/5/2007 12:52

big news soon

[viewtoakill] 01/5/2007 12:36

I still think this company has a fair value of 13-15p per share.

[lonelyplanet] 16/4/2007 15:40

Anyone who expects to double their money may be in for a disappointment but at the moment (based on the end of year assets and the sale of the Rochester building) there seems to be scope for some improvement in the share value. I have no doubt it is a reasonable risk at just over 5p per share, but be your own judge of what may happen.

[superbigal] 10/4/2007 09:43

You should be taking the plunge now LonelyPlanet.On your projections its now a double your money cashcow.

[superbigal] 03/4/2007 15:28

1% Traded today so far and still dropping.

[lonelyplanet] 27/3/2007 11:19

Net cash at the end of 2006 is £3.76 million. You can add to this the value of the Rochester building (approximaterly £1.7 million) plus inventory and trade receivables giving total assets of £6.8 million.

The accounts show a provisions of approximately £1.1 million covering termination of the lease agreement plus approximately £1.2 million of trading liabilities so from my view you are left with approximately £4.5 million. (Hence the current net assets are shown in the accounts as £2.8 million to which you need to add the value of the Rochester building to give some idea of total assets at the end of 2006).

I believe the current share value is a little low but the prospects are not too encouraging unless a corporate deal can be struck. I note that the company does not wish to transfer to AIM which might imply this is seen as an asset in some form of corporate transaction. Perhaps this gives some indication of the future.

[superbigal] 27/3/2007 08:56

Oh Dear.
Net Dec 2006 3.76 Million.
Dropping at least 100k per month with that pathetic order book.
1 Million Sterling to pay Australia Landlord.

Not very much left to sell now.
Can Someone confirm if these assets include the value of Rochester Building or not ?

[superbigal] 26/3/2007 14:44

Another Million Quid brilliantly negotiated down the tubes today.

There has to be a slump in price after this news surely ?.

[made1686] 15/3/2007 17:41

oooooooooooooooo well thats what thay have to pay us then i bought at 10p so no loss still they no gain too

[peter_piper] 15/3/2007 10:19

Word has it that an Australian Entrepreneur (who shall for the time being remain nameless) has offered to buy 100% of Faraday's 17m shares at 10p each. The Hackett-Jones family (Faraday) are expected to accept this offer next week. Apparently, Gyllenhammer also put in an offer to the family, but at a lower price.

[made1686] 08/3/2007 14:45

PS I LIKE to know how he is buy ing as i see not 100,000 share sold in tsp since his larst rsn can some one tell me and i wish they buy the lot soon as i am fed up with TSP big time want to move on

[made1686] 08/3/2007 14:41

yes 10p more i would like to get out of this silly company still bought in the year of the dog thinking dog companys would do well still ITS the year of the PIG so pig companys should do well this year good luck to ALL IN THE YEAR OF THE PIG

[gedy] 01/3/2007 09:03

The RNS of 26th. Feb names Mr Peter Gyllenhammer. There was a buy of 100,000 shares yesterday, I wonder if Mr Peter Gyllenhammer will get another mention?
I still hold a few Telspec shares, it would be nice if they were worth more than they are now.

[made1686] 08/1/2007 15:55

W buffets buying again

[lonelyplanet] 20/12/2006 16:05

Perhaps you know more than I do but my simple maths says that if the cash assets after the sale of the building are £5.2 million and if this grows over the next 6 months (assuming you are correct about bringing orders forward) then with approximately 40 million issued shares this yields well over 10p per share (without considering liabilities, exceptional operating costs and disposable assets).

Added to this is the possible shell value associated with a plc company with a valuable name and customer base, which can be traded on. I don't feel personally that 4p per share makes any sense and 10p upwards seems much more appropriate.

[made1686] 20/12/2006 14:46

wrong oooooooooooo no i am not peter G thinks its worth buy ing

[peter_piper] 19/12/2006 15:47

Yes, Peter Gyllenhammer does hold 11.2%, but Berkshire Hathaway have 0%, sweet FA! Why can't you get it through your thick skull? I have contacted your beloved t1pes (as you call it), and they are going to look into it by contacting EFG Trust Company.

[made1686] 19/12/2006 15:05

peter , your name peter,gyllenhammer has 11.2% of tsp W.Buffet,s berkshire,hathaway has 40%+++++++++ some one thinks its worth buying as the two men control tsp vote 100%%%%%%%%% why!?

[superbigal] 19/12/2006 14:15

Cash Assets on Solvent Liquidation will never exceed £4million which it needs to even make the current share value. They are not accepting any new orders or bidding for any. They are re-negotiating existing long term contracts to try and ship them within 6 Months at a lower cost.
Yes the aim is to shut the doors at best possible cash shell value but it will be lucky to be £2million or 4p sharevalue.
I can still only see a high risk strategy.

[lonelyplanet] 19/12/2006 13:48

With Mr Peter Gyllenhammer now having an 11% stake in Telspec he must be able to see a route to increased shareholder value. From the announcement on 1st December the sale of the building should add approximately £1.7 million to the groups cash balance of over £3.5 million (up from £3.25 million in October) and with negotiations pending on reducing the liabilities in Australia, also mentioned in the announcement, the cash position looks very healthy.

With a further reducuction in overheads as mentioned there appears to be some good investment potential here, and whilst the future is unclear the cash rich position might indicate either a solvent liquidation at some point in the future, or more likely some form of merger or aquisition. This is surely a something that the recently appointed director Duncan Soukup had much past experience of (although perhaps his remuneration demands were not in keeping with a tight control of the purse strings).

OK the building might have been sold, but the Telspec Group has significant cash assets now which makes it look like an interesting investment. Those looking for a quick return with some risks might benefit by taking a closer look.