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TLT Tolent

20.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Tolent TLT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 20.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
20.00
more quote information »

Tolent TLT Dividends History

No dividends issued between 23 Apr 2014 and 23 Apr 2024

Top Dividend Posts

Top Posts
Posted at 26/11/2018 12:59 by celicaman
I have my shares in Barclay's. Haven't received the Sept divi. Anyone else in the same boat.
Posted at 21/10/2018 17:25 by trevorpilk
5p divi ps paid last month. Great news. The shares will be worth something one day......
Posted at 18/12/2017 15:00 by biglink17
Is this the first dividend since 2010?

Only just materialised mine into a certificate a couple of months ago.
Had them held in a nominee account for years, sitting there with zero value.

Nice to see the cheque come through the door last week.
A least I now know..
1. They know I exist
2. I'm the registered share holder
3. Where to send the money.

Must be time for the next construction sector melt down.
This is how it works for me - a little sign of hope, and then bang.
Posted at 06/12/2017 22:13 by patricia59
great news dividend paid today. it must be interim i have not seen any figures as yet. 2p.this is looking good for full year results cash rich and large order book
Posted at 11/2/2015 15:51 by piedro
seen a note -
Tolent with £72m of contracts for January - Construction Enquirer

- [using this thread as other does not have the TLT epic]
Posted at 25/5/2010 15:14 by energyi
Bonds may be topping here

TLT : 99.50 / options mid-prices
PUTS -Jun- -Sep- -Dec-
100 p: 2.84 : 5.60 : 7.90
105 p: 6.55 : 9.10 : 11.3

Just watching, not buying Puts yet
Posted at 11/2/2010 16:12 by mudbath
My view is that the minority holders of the free float in TLT shares will be bought out this year at circa 80pence.I had an order for 50,000 being filled,only to be advised today that I would have to start paying 27pence for additional stock.Still(imo)a TOTAL STEAL at around the revised price.If anyone has 10,000++ shares that they want to sell @ 25 pence,let me know.
Even if TLT were not to be taken private,holders could look forward to significant future dividend income once the construction sector picks up.
Posted at 15/1/2010 15:05 by moathunter
Moathunter- "My little opinion is to hold TLT if already owning and not to buy if considering."
DesWalker- "I see your logic but I don't agree with it...."

You're absolutely right, Des. My comment is mistaken (and yet am mindful 'mental accounting' risk!).
Meant to say "personally not buying TLT due to its tiny size and having too much in construction-related companies already. As a result, I haven't researched it sufficiently to honestly suggest whether someone with a little capital should or should not buy... but it looks interesting."

Also agree about director trustworthiness; the sheer voting power and the information asymmetry (directors and majority know what we don't know etc.) means that a private investor who is buying is at the mercy of these guys.


DesWalker- "why risk playing these games?".

Quite. If you've been briefly studying them at £5m, there's psychological pressure to remain consistent and purchase when at £2.5m.
After all, the intrinsic value of TLT's business hasn't changed (may even improve with the c.£200k cost saving). *But* if there are no share buyers, potential tricks by the majority or very delayed catalyst dragging down the annual rate of return, then the seemingly significant margin of safety counts for little.
And if you spend more hours in actively trying to realise value, then Return on Investment + hourly rate could be negligible.

Frankly, I'm naive to this situation- outside the little circle of competence, so TLT goes in the "too hard" bin (simple company, lots of 'important unknowables').
Posted at 15/1/2010 12:32 by moathunter
Hmmph! I was considering buying these at £5m cap and fully listed but not now at £2.5m and v. likely de-listed.
Positive thoughts:
# Tolent is very cheap at £2.3m- it has net cash of c.£5m so shares buyers at £2.3m today gets both £2.5m non-operating cash and a profitable operating business worth roughly £10m = £12.5m of assets for £2.5m.
# The same 70% major shareholders of Tolent also own 70% of Billington Holdings plc.- the steel construction frames company that used to own TLT until 1999. So that aids revenue stability (as both companies can lower total costs and hence win contracts) and is likely leading to Billington buying TLT back = potential catalyst for TLT holders to realise true value of the company.
# Some of the major shareholders appear ethical and honest: Tarom Foundation owns 20% of TLT and it's a public welfare foundation, domiciled in Liechtenstein (tax haven) with its object being the pursuit of charitable, humanitarian and social goals.


Negative thoughts (irrational guys might want to stop here than consider disconfirming views):
# Google "matched bargain arrangement" and visit other recently de-listed companies besides WTV and REF (cheers, gogeneko); others are Top ten bingo TTH and Itis Holdings ITH. The minority shareholders posting are dissatisfied for various reasons.
# 73.91% of TLT is not in public hands, so the de-listing of TLT is a very high probability event as 75% vote is needed. Once on the matched bargain arrangement, shareholders should ask the next logical question- "who will buy shares off me?"- TLT or Billington could, but the big paradox with 'off-AIM matched bargain situations' is that only expert investors would know where to look for such companies as TLT and yet such experts will have too much capital to be able to invest a meaningful amount in TLT. Inversely, little investors lack the expertise although they have sufficiently small funds to consider micro-caps.
So the real buyers of current shareholders are TLT/ Billington and no-one else (posters of de-listed companies using matched arrangement all talk about selling on advfn, but don't have buyers or balk at the commission rate).
(Just read DesWalker and wholly agree).
This liquidity risk (nil spread but virtually nil buyers too!) with a possible catalyst that may be years away is not attractive at all.
# The potentially big returns are on a tiny investment opportunity (limited share float available to buy and a tiny company) with the potential cost of having to study the issue of selling and reduced TLT transparency. Surely the next best alternative investment- the opportunity cost- is better than TLT?

My little opinion is to hold if already owning and not to buy if considering.
Posted at 29/5/2009 12:01 by piedro
Unlawful dividends
It has recently come to the attention of the Directors that there has been a technical breach of the Companies Acts the impact of which is that certain interim and final dividends paid between 2002 and 2008 totalling £5,120,218 have been paid unlawfully.
The breach has arisen due to the fact that the latest relevant accounts, at dates preceding each of those dividends, did not show that the Company had sufficient reserves to support those dividends. However management accounts for dates immediately preceding each of the dividend payments did show that the Company had sufficient reserves but these accounts were not filed with the Registrar of Companies in breach of the relevant requirements of the Companies Acts and the dividends were therefore unlawful.

The Company has been advised by its external legal advisors that this matter can be rectified by the Shareholders passing a resolution to ratify these breaches and to put the Shareholders and Directors into the position as was always intended. This will be done by treating all of the original unlawful dividends as loans to each of the Shareholders who received them and each Shareholder's obligation to repay the relevant loans will be satisfied by the declaration and approval of new dividends of the Company equal to the amount of the loans received by each Shareholder. The resolution will be tabled at the Company's forthcoming Annual General Meeting. HMRC has provided the Company with written confirmation that each of the unlawful dividends will be treated as taxable at the date of original payment and therefore will have no tax implications for the Company or the UK resident Shareholders.

The Company's distributable profits shown in the 2008 accounts have not been adjusted to reflect the impact of the unlawful dividends. The Company will be preparing relevant interim accounts as at 31 March 2009 which will recognise an asset for the cumulative amount of unlawful dividends and will show a corresponding increase in the distributable reserves of the same amount at that date. The asset created by the cancellation of the unlawful dividends will be recovered by way of set off against of the new dividends being proposed at the 2009 Annual General Meeting.

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