||EPS - Basic
||Market Cap (m)
|Technology Hardware & Equipment
Vislink Share Discussion Threads
Showing 10801 to 10822 of 10825 messages
|what is the ticker for vislink now?|
|I suppose a lot depends on what they can sell pebble beach for. Sounds like it might end up a cash shell or some kind of takeover possibility?
A bit annoying it has come to this. Just look at the plunge the last couple of days.|
|Well it looks like he's already keeping himself busy.
I find this article quite funny really. Hawkins likes to big himself up in my opinion.
|Rather annoyingly, I suspect that Hawkins has no need of ever running a plc again.....
Certainly if he ever appeared at a company that I was invested in, I'd be in touch with the Chairman / CEO ASAP and then selling - assuming no satisfaction. THEN shouting to the rooftop on ADVFN.
And the same should apply to the remainder of the Board who approved the share plan a while back.....|
|Even if this is not a forced sale it makes sense - why on earth would Pebble need a UK quote and all the associated costs.
However any buyer will need to get the Pebble guys on board and they have no incentive whatsoever to build the value of the company up - they will be looking after their own interests which will be to sell Pebble at a low price so they can share in the upside with a buyer via some kind of private equity incentive plan.
I would not be surprised if the sale proceeds were eaten up by severance and other closure costs at the Plc. Hawkins too has no interest now other than to maximise his severance.
There will be nothing left of the Plc other than residual assets and liabilities and as anyone who has been through winding up will know, the administrator will also take his very large slice of the pie and stretch the process out as long as possible and I can see recoveries from the sale of the hardware division to take years. The settlement will be negotiated and the administrator will say what a great job he has done and the shareholders will all have moved on.
I have no idea why the share price has not collapsed further.
This has been an effing disgrace over the last couple of years and Hawkins should join the list of those who should never again be allowed to run a plc.|
|Well done Hawkins!!!|
|PEB up for sale? What kind of value could it achieve?
$3m effectively paid up by taking on liabilities, $6.5m remaining. xG committed to full payment it seems.
Is it going to be a cash shell?|
Sorry for the confusion,
I am still using the vislinkplc I've used for years,
on my favorites list.
So I have just continued to use this, and when I use
this now it has automatically gone to pebbleplc.com
and no JH Grin
|Ken536 - I don't want to be pedantic but can you give a link please as
continues to take me to Integrated Microwave Technology Limited
Things are changing - the two links I gave yesterday both now take you to
But at the moment Hawkins still grins at you from that page.
Meanwhile hTtp://www.pebble.tv/company/ still proclaim themselves "part of the Vislink group of companies".|
I did mean vislink
It takes you straight to Pebble Beach,
Restructuring states the new structure and Hawkins GONE|
I don't think you mean Vislink.com because, following the sale, that is now "Integrated Microwave Technology Limited (IMT Ltd) trading as Vislink".
There is hTtp://investors.vislink.com/ and hTtp://www.vislinkplc.com/ which appear to be identical and still have Hawkins grinning at you. The only reference to restructuring is a link to the RNS.|
Go to Vislink.com
|It has been obvious for some time. I pointed out back in October that you do not need Hawkins and a head office when the "group" is reduced to one subsidiary.|
|Just wondering how todays move and announcement came about. Must be something happeining behind the scenes to initiate this.|
|Will be interesting to see Hawkins next move.... In my opinion the man is a walking disaster area. Seems to have feathered his nest quite nicely though. A once super up and coming little tech company reduced to rubble. How do they get away with it. Not the first time and won't be the last. Moral of the story is think long and hard before investing in any AIM stock. If Hawkins shows up in any company I'm investing in I'll be out of the door rapido!!|
|But at what cost? I suspect there will be hige severence pay....|
Hawkins out. New board coming in. Has to be a big positive.|
|The stature of PB and main locus of operations can perhaps be judged from this history of the company:
VLK clearly stated that the sale of the hardware division would leave the company debt-free.
The RNS is badly-worded. The cynical side of me would say deliberately so.
A software developer carrying debt of circa £5m when all is done and dusted and annual revenue that amounts to circa £10m is not good. Whether that is actual debt or merely a debt facility that they might want to use for acquisitions/working capital is something that remaining shareholders need to check up on.
If any of you are still loyal shareholders, I sincerely hope that the deferred payment does arrive in March. Hopefully, xG do have a way in mind to line up financing.
It all just smacks of financial engineering by a network of minnow/shell companies that happen to have found themselves with stock market listings to play with.
Just look at the financials of xG. How do you burn through $200m and end up with quarterly revenue of a few thousand?
It is ironic that Pebble Beach Systems has basically returned to exactly what it was prior to being acquired by Vislink, but now saddled with debt albeit with a stock market listing.
Perhaps all will be fine in the end. I have no firm information about the company. Just a cynical reader of what they publishing.|
|This company has been wrecked by incompetence of staggering magnitude..........traded a few 6 months ago for a small profit.|
|Garbetklb - "....why are RNSs now being issued in the name of the senior NED.." - it was announced in the 17/1 Circular that Hawkins was ill and so the senior NED was temporarily conducting shareholder matters.
Bakunin - Pebble Beach ..."a minor software developer based totally outside of the UK (ie far away from scrutiny)"...
Pebble Beach is based in Weybridge, Surrey (Company number 03944834)|
|Bakunin " I think it is a good bet that PEB will never receive any/the rest of the money, "
I assume at least the initial cash has been recieved, going on this am RNS statement.
The following commentray for the remaining balance question taken from:
"The acquisition was paid for with $6.5 million in cash and a $9.5 million promissory note. xG presently plans to pay the promissory note off with a combination of new debt and internal funding."|
|Anyone following closely the events here?
What will PBS balance sheet look like with the proceeds fully paid? (assuming the buyer pays up fully that is). Will there be some cash?
"In addition there are significant write offs to recognise the final sale price achieved."
Sounds like PEB/VLK itself will have to fund the shortfall of todays profits warning in it's accounts.