Partway Share Discussion Threads

[weatherman] 20/3/2024 15:38

See post 7067
Disposal costs and pension contribution eat into the £2m.
"£2m - £639k - £240k = £1.121m cash."
£1.121, plus final £367,000 = £1.488m cash - no doubt some other Board costs probably gives about £1.4m by now.

[+eysenck] 20/3/2024 15:24

Weatherman, is it £2,367,000 given below?

21st Nov

- cash consideration of £2 million will be payable immediately; and

- a further £1 million will be retained by the Purchaser for adjustments based primarily on the working capital position of PPL at completion.

13th March

the Company has received £367,000, being the difference between the negative working capital position at Completion and the £1 million retained by the Purchaser, in accordance with the terms of the SPA.

[weatherman] 07/3/2024 21:36

I didn't think they would get the full £2m - even £1.5m would a lot higher than current mkt cap.

[+eysenck] 07/3/2024 20:48

Price decline makes me think that the £2 million may be in jeopardy. Provision to get some or all depending on completion accounts.As detailed in the announcement dated 21 November 2023, GBP1 million has been retained by the Purchaser to set off against the expected negative working capital position of PPL as at Completion and other minor adjustments. That working capital position will be determined from a set of completion accounts that will be agreed following Completion. To the extent that PPL's negative working capital position at Completion is less than GBP1 million, the difference will be paid by the Purchaser to PHL and to the extent that PPL's negative working capital position at Completion is greater than GBP1 million, the difference will be paid by PHL to the Purchaser.

[chrisdgb] 27/2/2024 09:00

Thoughts on how this plays out...........??

[chrisdgb] 26/1/2024 11:19

Don't know but still intrigued by some of the shareholders that are appearing here.......

[weatherman] 25/1/2024 07:09

William Roderick Peter Eyre has bought 5%, and price is down? Who is he?

[chrisdgb] 09/1/2024 09:59

Could be a fascinating year for this one........

[weatherman] 03/1/2024 20:59

The way I read it, if the max pay out is £3m, and £1m costs, then they would have min £1m and max of £2m cash once costs finalised. Those pushing this change to a shell probably have a target in mind.

[tomboyb] 03/1/2024 10:37

buys on AQSE -

[tomboyb] 27/12/2023 12:33

Limits very tight now -

Could be a background buy -

Lets see -

[tomboyb] 27/12/2023 08:52

I wonder if Ian Smith will look to buy more -

10million at 1p -

now 0.90p -

[diku] 19/12/2023 22:28

What do you buy for 1 mln?...

[eyrewr] 19/12/2023 18:21

Having done a great deal of homework on this company, I estimate that the net cash position to be circa £1m after allowing for transaction costs and buying out the pension fund. This is still higher than the market cap which is pretty unusual and it will be interesting to see what plans, if any, Ian Smith has for the company. Suffice to say, this is one of the cleanest cash shells that I have witnessed for a very long time. As always,DYOR.

[eyrewr] 19/12/2023 18:03

I have accumulated a substantial stake here (over 3% of the equity) and would agree that this seems to have been somewhat overlooked by the investment community. Time will tell!

[tomboyb] 19/12/2023 15:29

Cash is King and PTY has plenty -

Lets see what can be done with it -

[tomboyb] 19/12/2023 12:17

PTY receives £2million -

Current MARJKET cap is $850k -

Now multi - millionaire takes almost 10% -

Things beginning to hot up a bit -

[tomboyb] 19/12/2023 11:44

Limits are changing all the time -

Seller has to clear out and it could be Parity Purchaser -

[tomboyb] 19/12/2023 11:36

250K Left at 0.90p -

[tomboyb] 19/12/2023 11:32

Very shrewd "company builder" -

Buying well below cash and we can below him at 0.90p -

Could get very interesting indeed - !

[tomboyb] 19/12/2023 11:27

Wowsers -

I remember offshore telecom 0.25p to well over 5p!

[tomboyb] 19/12/2023 11:24

Blimey! -

That is Mr MXC!

[chrisdgb] 19/12/2023 11:23

I think it is the MXC Capital guy.......maybe he has a few ideas..?