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Real-Time news about Transware (London Stock Exchange): 0 recent articles
|mutimer: Can anyone explain how this delist works ?
They have delisted, there has only been 2 trades that i have seen since this happened. one for around 500 shares and a second of i think 124k ish.
How does the actual value of the company now get reflected in the share price. It can't just be supply and demand as there is no demand a present.
So if TRW turns things around, picks up contracts or maybe tells the truth that things ant as bad a we think how will the share price change..
How what and when does the share price reflect the value
Sorry if stupid question but i have not dealt in delist stock
Still holding and awaiting that day some good happens....good be good recover stock and they are still looking to take more people on
|mutimer: Yep still can be traded but only with JP Jenkins. I have attached link below
Just not sure how this share price works now. Hardly anyone is going to trade these shares even if they turn things around. So if little trading how will share price reflect true value if things improve. Does anyone have experience of share which are on Ofex / delisted ???
Still holding and hoping recent price drop was only to do with delisting and mm;s not wanting to get caught with shares,|
|mutimer: Well i have topped up over past two weeks, doubled my holding to 320k
Just by some magic and luck they are not as bad as they seem to be doing on share price i may actual come out of this okay
I just can't see how only recently the share price was a lot higher and it has just droped on the delist part. This just maybe a great recover play. Maybe i am wrong but i just feel things are not just ending now. To many people have invested recently at higher prices. This just may delist and the price recovers so what over time. If USA get involved anything could happen
Any one else seeing this a possible recover play ?
Good luck all who are still holding.... not sure where we can find info or even chat about them in the future... any ideas :-)|
|simonevans: Well this one is going private - I guess this has been a possibility for a while - all the upside kept for directors and major shareholders I guess: same old story! I sold out a while back on the first profit warning. Share price movement is not going to be pretty today.|
|isis: The vote is today so we shall see which way it will go - if the vote failed it may lead to an all out bid, unfortunately it's got a bit messy but many are happy to pay more than the current shareprice:-
December 29, 2002
McCabe sizes up IT firm
BILL McCABE, the founder of e-learning company SmartForce, has built up a 13% stake in Transware, a software company operating in Ireland.
The moves come as Transware deferred a shareholders' meeting intended to consider motions to help refinance the company. The crucial meeting has been put off until January 7. If the resolutions are not passed the directors will be entitled to have loans of £253,000 (392,150) repaid immediately.
Enterprise Ireland has also made a £407,000 contribution to the funding, conditional on Transware directors agreeing to convert another £500,000 loan into equity and turning the £253,000 loan into a convertible.
Transware operates mainly in Ireland even though it is quoted on the London-based Alternative Investment Market.
The capital injections into Transware stem from the difficulties in the technology market. The initial directors' loan was made last August to ensure that the company had sufficient working capital to remain in business.
Transware has not been helped by the fact that there has been a U-turn in its relationship with SmartForce, which recently merged with US peer SkillSoft. Transware's six-year agreement with SmartForce, announced on July 23, 2001, has come to a premature end. At the time Transware expressed "delight" that it had secured an agreement with its largest customer. Transware claimed that the deal would boost its forward order book to £25m, a hugely significant expansion given that its turnover last year was slightly in excess of £12m.
This deal included a commitment to buy more of Transware's products and to make royalty payments for the use of Transware software.
The accounts for the year to the end of June 2002 disclosed that the royalty arrangements had been stopped by mutual agreement. In addition, SmartForce confirmed that Transware was its preferred localisation supplier, but stated there was no longer a formal obligation between the two companies. This led to a net write off of £1.8m in the profit and loss account.
In the meantime Oyster Technology Investments, a company used by Bill McCabe for his personal investments, has been building a stake in Transware. On October 7 it invested in a Transware £250,000 three-year convertible loan note. On December 4 it snapped up 9.2% of the company's shares and on December 6 it bought another 1.4%. By the time its last share purchase was notified to the stock exchange on December 16, the total holding had reached 13%.
It is not clear whether McCabe is planning a takeover bid or whether he is simply bargain hunting. The share price which has been as high as 60.5p in the past 12 months and is currently 7.25p, had been as low as 4.25p recently.|
|jnbrw: johnv - I agree they have been very enthusiastic about TRW in the past (one of their tips of 2002 I recall ) . Their last update a few months back offered reassurance suggesting there was no real reason for the fall.Yet all is silence from them and from the company! The share price has been decimated (from the mid sixties around New Year to the state we are today. Funny how things can change so much! Agree with others on this thread that results are certainly going to be interesting when they finally come!
|fast eddie felson: If the fall in the share price was unjustified one would expect the company to issue a trading statement / see director dealings to support this. However, in the absence of such a statement or directors buying one can only assume that the share price fall is justified and representative of current trading. The company appears to have substantial committed revenues booked for the next two years but in the current macro-economic environment I would imagine their product offering is not top of the CAPEX shopping list for most companies and they are therefore having difficulty winning new business (ie. it is a luxury rather than a necessity. Have tech-invest provided any guidance on this one, as I not they were quite bullish about it?|
|fast eddie felson: I would agree this one is tempting and looks massively undervalued on fundamentals. However, i just feel the deterioration in the share price together with the absence of any form of reassurance suggests theres something untoward going on. I've come to the conclusion that in an earnings ressession hardly anything is a necessity and corporate clients will cut CAPEX to the bone. Basically we're left with two choices, either assume the markets got this one wrong and buy or wait and see and hold off until the results.... its not unknown for the market to get things wrong (look at MAO a couple of weeks ago). I would agree that the company looks sh*t hot but the share price doesn't. Im just always cautious of the point that if one doesn't have the full facts then one is merely speculating / gambling and for me personally i will only allocate a relatively small % of my capital to such a pursuit.|
|the prophet: -would agree that the share price decline does look ominous
-co's have to report now asap if they are not going to meet market expectations
-so either the company are in breach of rules or everything is ok, as in the situation is the same as at the interims
-have to say i'm 50/50 on it....any other time, would say share price says something is seriously wrong, but there are a number of other tech shares trashed without a warning/'trading update' so there are precedents.....
-(Macro4, for example)|
|the jitters: The market makers dont know anything we dont...to have been privy to such information, and for such a great length of time is strictly illegal. MM protect themselves by using various methods to keep the market from guessing the supply and demand situation in shares thats all.
If the MM for example was aware of a profit warning coming from TRW, tell me when they would have gained this knowledge as the share price has been falling since the last results in february!
Talking of february, the share price at interims was around 47p a share, and the results were decent (not fantastic, but far from poor either) yet the share price in the absence of any warnings has fallen to its current 16p.
IMO that suggests the fall is overdone and is hence why I bought, if you dont agree then dont buy, it really is as simple as that ;o)
As to the knockers, apart from a few remarks about chilly december days, I have not seen one shred of reasoned argument yet, but thats about what I have come to expect.....I got nothing but flack about owning RSFT and dont expect any great change with TRW either! LOL
Transware share price data is direct from the London Stock Exchange