Tolent Share Discussion Threads

[mrt8] 27/1/2009 09:52

Hi balcony. Thanks for comments - agree entirely, but still have fingers crossed. Apologies for late reply, but been away, and usually only look in occassionally. The latest drop is sheer lunacy. It is possible to pick the stock up at 30p now! Trouble is I have no free cash, so will have to sell something else to buy in some more. Really can't see it as bad investment. m8

[balcony] 16/1/2009 09:35

MrTB-the shares are tighly held and as the companys market cap was only 3.5m early this week i think they were and are undervalued,I know were not in a good sector but with a 90m order book and maybe 70m in the pipeline its got more than half a chance of been here when things improve.

[mrt8] 16/1/2009 09:27

Anyone know why this has suddenly shot up? Not that I'm complaining! m8

[mrt8] 15/1/2009 15:51

Now that's the right direction! With the amount I now hold that 5p makes a huge difference. No further news that I cam see, so any ideas what has triggered to jump today? m8

[yieldingtree] 15/1/2009 11:49

Good start to the day on the market.

[balcony] 15/1/2009 11:47

Just added some more this morning,Ready to move up fast with only a 4m cap.

[mrt8] 09/1/2009 10:28

Only the same period info, when the project was passed by the council:-

I can find no updated news about the project, or indeed, reference to builders/contractors.
Easington council certainly seem to have spent (or plan to spend) a lot of money, so maybe it has been shelved for time being.
Have you anything more? m8

[piedro] 08/1/2009 20:37

Do you have any information on this 25% Joint Venture...?

Easington to rival Pinewood with film complex
May 10 2008 by David Whetstone, The Journal



A £300m film studio and education complex, on land near where Billy Elliot danced, came a step nearer yesterday.
Councillors in Easington approved the ambitious proposal by Coolmore Estates, a Hartlepool-registered consortium of private investors and developers, which promises up to 2,400 jobs if it also wins the approval of Government Office North East.
The plan for a Centre for Creative Excellence includes a film studio, a four-star hotel with 150 beds and smaller business hotel, and a campus for 1,500 to 2,000 students linked to the University of Sunderland and East Durham and Houghall Community College, Peterlee.
It would be contained on a 72-hectare greenfield site at Dawdon, south of Seaham, east of the A19 and near the A182 link road. ...

[mrt8] 08/1/2009 19:59

Thanks for the links, Piedro. How possibly can a company as good as TLT be wallowing at 25p per share? The only answer I have is to take advantage and top up - I have been all the way down from 300+! At least my average buying price is down to just over 100 now! Have you heard anything about the divi? m8

[piedro] 08/1/2009 15:03

Station rebuild
....
Tolent Construction Limited was appointed as contractor for the project headed by 42nd Street Haymarket Hub and Nexus. 42nd Street Haymarket Hub is a joint venture company owned 50% Tolent, 33% 42nd Street Reality Ltd, 17% Closegate. ...

[piedro] 08/1/2009 14:55

Metro's new landmark at Haymarket takes shape
Story added: Tuesday 06 January 2009
The pictures show the latest face of Haymarket Metro station as the £20 million building project nears completion.
Work began 18 months ago to completely rebuild and modernise the station, used by around six million Metro passengers a year.
It is due to finish in summer 2009, when a new four-storey building built by private developer 42nd Street Hub above the station will be complete, including shop and office space plus a bar-restaurant.
At ground level and below passengers will benefit from a bright clean new ticket concourse and three new escalators down to platform level.
The platforms themselves are being completely transformed with the familiar square panelling of Metro replaced by bright white curved walls giving the station a spacious airy feel.
Nexus, which owns, manages and is modernising Metro say this new design by Newcastle architects Reid Jubb Brown will become a blueprint for other city centre stations.
Monument, Central and others used by millions of passengers every year are due to get similar improvements through the £320 million Metro: all change programme.
Haymarket is a private development, funded by 42nd Street Hub who have been given lease of the station in return for a multi-million pound investment in the facilities Metro passengers use. ...

[piedro] 08/1/2009 11:46

This is getting quite messy.
Plenty of press about the construction crisis.
It would appear that the BID/OFFER was moved down to accommodate that 10,000 buy @ 33.025p - IMHO.

[mrt8] 06/1/2009 15:46

Topped up with some more today. May be too soon, but all helps to lower the average buy price. Unless we have another general collapse, the feel-good factor will gradually push prices northwards. However, the so-called experts are still talking about the current upward movement as a 'bounce'! Maybe, maybe not! m8

[mrt8] 06/1/2009 11:10

I received the following email, from Trevor Phillipson, on 28 November 08, in answer to a query about the ridiculous volumes MM's were allowing on trades. It would suggest that we can depend on the October statement as being 'still relevant'. I would suggest the financial position hasn't really worsened since that date, and, indeed, may even have improved. I really hope we have seen the bottom. As for dividend, I am sure our new Executive Chairman has the financial (he is a Chartered Accountant) nouse to know just how much a dividend is viable - maybe none. However, I am sure the change of personnel is purely to help raise the shareprice in order to make the company more attractive to lenders. All IMO of course.


Subj: RE: Shares

Tony
Nothing has changed from a Business
perspective since our brokers(Brewin
Dolphin) statement issued on 9 Oct.
2008.
Obviously the Economic Outlook gets
worse by the day and Tolent is no
different from most Construction
companies.
I do not Know of any reason why the MM
are restricting the no of shares sold
unless it's due to lack of buyers.
Regards
Trevor Phillipson

m8

[joan of arc] 06/1/2009 09:51

They had £41.6m of trade accounts payable at the interims. Could this in a direct/indirect way reflect loans that they need to finance their activities?? And if so could that mean they could have difficulties with future funding? Also from what I read in the press it seems that construction has completely folded and so most of their £70m order book could well be not being replaced. They have already given a profits warning and so would anyone care to speculate as to how much worse the situation will get for TLT?

[piedro] 06/1/2009 08:51

On the back it says...



Will try image 181...


182


183

[westcountryboy] 05/1/2009 20:47

Very nice - is it a Lowry? I hope they are not selling off the boardroom art now :-)

[joan of arc] 05/1/2009 18:41

Thanks Piedro. Time will tell!

[piedro] 05/1/2009 16:18

New Executive Chairman - young blood needed in these difficult times.

Joan of Arc - re: Dividends
Brewin Dolphin is forecasting 7.00p for 2009

[joan of arc] 19/12/2008 11:06

Yep. I bought these over 5 years ago at 50p and watched them go all the way up to 400p and back down to half the price I paid. Incredible. Well at least I think I got my money back through the dividends. If they pay out this next year as per last it will be 50% divi. So since the market never lies I would imagine that this will get trashed to zero.

[mrt8] 17/12/2008 16:06

Are there any other holders out there? How long before the share price starts to rise again. I am assured that there is nothing wrong at the company, so how much longer do we have to languish on 30p? m8

[mrt8] 14/11/2008 10:30

Just tried trading on these online, but being told to telephone in for manual trades! Also price spread 55-61.8. When I first started trading/buying these well over a year ago, I could trade 200 easily online, and have traded up to 10000 on Limit Trades. Perhaps just no market. m8

[mrt8] 14/11/2008 09:50

If the October statement is still valid, why is this stock still wallowing in the 50's:-
In a trading update, the construction company said secured workload is
currently 90 million pounds and reiterated that in addition to the secured
workload it also has contracts of about 70 million pounds in the pipeline. Talks
in relation to these contracts are expected to conclude in the next few weeks
with work programmed to start on site shortly thereafter.
"The cash position of the group remains positive and that together with the
forward workload provides the group with a solid base to trade through this
difficult period for both the construction industry and the economy in general,"
Tolent said.
m8