Topnotch Share Discussion Threads

[multibagger] 15/11/2002 09:16

sreddy,

Thanks for your point of view and rationale - much appreciate your reply. Can I email you privately or call ? I'm Suresh Chari and on [e-mail] . Many thanks.

[sreddy] 15/11/2002 07:38

Multibagger,

A bit of a spat between directors earlier, but 5p cash plus an announcement that 3 of their investments will float at the same time in December. Share price only 3p to buy (can buy under the offer).

Of course there is always uncertainty when it comes to flotations, but if these are delayed it will be due to dire market conditions or unacceptable pricing. The directors would probably try again. They appear to have cash to give some flexibility.

The share price has been as high as 20p. I think results and more details of the proposed flotations are expected shortly.

I have 750,000 of them.

Out of favour and some sellers has given this buying opportunity, and hopefully the more information that comes out the more the market will be confident on the ability to realise the value from its investments. The potential value of the investments and cash is much more than the current market cap. See recent press coverage (eg Daily Mail 12.11.02 amongst others).

A good risk/reward situation, IMHO.

[multibagger] 14/11/2002 21:51

sreddy,

Why GAI ? Why Now ? Thanks.

[zedder] 14/11/2002 16:04

Makes complete sense. "Looking for substantial upside" sounds good to me as well!

[gladysfriday] 14/11/2002 16:03

Well, who is Mr. MaCilwaine?

RNS states associate of offeree company.

rgds,

G

[sreddy] 14/11/2002 16:02

Paid £11k for 500k shares. Got £11k back by selling only 125k (net of small 2.5k buy and sell). Therefore the 375k left are in for free and I am looking for substantial upside. £11k now reinvested in GAI.

Discipline, not a lack of confidence at all.

[zedder] 14/11/2002 15:59

sreddy,
Why the 127.5k of sales? Obviously you've made a very nice profit, but as you said, wasn't there lots more to come? Pru certainly think so and have mopped up your sales.

[sreddy] 14/11/2002 15:59

I think it's on behalf of a Mr Macilwaine, who now owns 8.68%.

[tokyogirl] 14/11/2002 15:49

THEY HAVE PAID A LOT MORE THAN I DID..THAT FEELS REALLY GOOD!

[sreddy] 14/11/2002 15:40

Prudential buy 100k @ 8p and 250k @ 9.75p! Nice! DYOR, I hold 375k.

[zedder] 08/11/2002 14:31

I've just bought 10000 @ 9.75p through Charles Schwab.

I've been into this company since 12th Jan 2001 buying on about 4 occasions since that first buy, so unfortunately, until just now I had 8054 shares at 38.6p average! If only I'd had the money to be able to top-up over the last few weeks.

Anyway, I now have 18054 shares at 22.75p average. I do expect to make a profit on a 2-year view.

[sreddy] 08/11/2002 10:37

Nice buys recently. 50k, 250k and now 50k again.

WINS increase size to 10,000 from 2,500. Liquidity improving as price rises. IMHO. I hold 500,000.

[wingdings] 08/11/2002 00:06

Not likely to get many buyers with this spread!

[tokyogirl] 07/11/2002 16:27

WOW! IT'S HEADING TOWARDS 10P JUST LIKE YOU SAID! WELL DONE LOGI!

[logica2me] 07/11/2002 13:27

Spread has narrowed now

[logica2me] 07/11/2002 10:52

THIS SHOULD BREAK 10P TODAY IF WE GET A FEW BUYERS !!!!

[gladysfriday] 06/11/2002 20:33

8.5p for 20K today.
Can't be much loose stock around.
5K buy size still, against 25K to sell.
Encouraging.

g.

[logica2me] 06/11/2002 08:47

Those of you who followed this tip, please see below :

[sreddy] 04/11/2002 16:41

Well done, gladys.

The mm's can't have much stock, someone paid 8p for 25k. Looking good if bank confirmation comes and generates even modest buying interest. Hopefully it will generate more and we will see a large positive reaction to the lifting of the bank cloud.

[sreddy] 04/11/2002 15:24

Rapid reaction to dive. This marketplace is giving rise to really quirky valuations (although this share also has the uncertainty of the bank discussions). The illiquidity of the share helps provide the opportunity, but as, hopefully, the share price rises and the spread becomes a lower %, then buying and selling can become more fluid. At a much higher price even size can be sold more easily at close to the market bid price. In the case of a take-over/MBO, the illiquidity is irrelevant. The tightly held shares can actually help in the take-over scenario.

[gladysfriday] 04/11/2002 15:16

Cheers, waiting for the rep. + accts. to arrive.

Trawl thro. RNS didn,t reveal much so took the liberty of asking yrself.

Just curious, were you following THC prior to the dive, or was it rapid reaction to the news?

In theory (and loosely) then only about 35% in free float.

Online size, via comdirect = 5K buy, 35K sell.

rgds.

[sreddy] 04/11/2002 15:02

Hi gladys,

I have researched the following information (It is unverified and you should do your own research to be sure following one or two largish disposals a week ago [ie 186k, 225k and 440k were sold just after the latest large price fall]. I'm not sure whether the following information is totally up to date:


Matthew Crofter Harris 31.67%
Elderstreet Downing VCT PLC 9.25%
Chase Nominees Limited 7.83%
HSBC Global Custody Nominee (UK) Ltd 7.09%
Charles Thomas Scott 4.21%
RBSTB Noms Ltd 3.95%
Bank of New York (Nominees) Limited 3.84%
Prudential Bache 3.19%
Charles Schwab Europe 3.07% (Mostly me!)
Other Directors/Officers .60%

I hope this is useful.

[gladysfriday] 04/11/2002 14:29

sreddy, Hi,

Who are the major shareholders?

Any institution in deep?

I can see 3 of the board with options @ 82p!

rgds.

g

[sreddy] 04/11/2002 14:20

LOGICA2ME,

I added on Friday - 25,000 at 7p. Now have 500,000 at average 2.3p.

Awaiting bank confirmation (or not!) and results of the strategic review.

Disposals/restructuring/MBO/Offer?

Even boring old 'recovery to profitability' over the coming months should see a share price nearer the NTA of 45p than currently.