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TLU Teleunit

0.35
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Teleunit LSE:TLU London Ordinary Share IT0003664080 ORD EUR0.0125
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.35 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.35 GBX

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Date Time Title Posts
12/12/201209:49Teleunit look great value439

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Posted at 12/12/2012 05:41 by miamisteve
Buggy. Am in a similar boat, but we have to be careful not to look to desperate at the moment.

I suggest we first get hold of the accounts, let the company know that we are not going to go away and then pitch a price to them that we are willing to accept.
Posted at 10/12/2012 11:19 by buggy
miamisteve,

I can only think of one question and that is because I just want out and reccover my money from this disastrous investment.

1.We still have shares in this company: How do we realise our investment.
2. What price are they offering per share to buy our our holding?


I suppose we need to know how much they are offering to buy our holdings before we make the next call.

To be honest with you if I can get back my initial investment I will be more than satisfied as I am not really sure what other options we have available bar taking them to the courts?

Can even envisage a worst case scenario where OKCOM denies any responsibility and asks us to go and chase the formaer directors of TELEUNIT.


until we know what they are willing to offer to purchase our holding we can't really
Posted at 04/12/2012 19:11 by ruedolf
Buggy

Form a shareholders action group where a group of shareholders act as one the steps to be taken are;

(1) advertise through the blogs that we are setting a shareholders group up give say to the end of december

(2) form the group establishing whos in the group and the number of shares they hold

(3) gather the facts as to what happened with teleunit merger, acquisition or what

(4) find out do we get shares in new company

(5) what value are those shares

(6) approach the company to buy out our shares at a given price

so let me know if your interested
Posted at 04/12/2012 18:20 by miamisteve
Think I have 200,000. Scandalous how the delisting was handled. Might be an idea if we speak before hand. Send me a personal message with ur number and a good time to call if you want.

Remember calling the broker up once and they offered me 1p a share. i asked for some financials on the company so I could assess it's value and they just said do you want us to sell them for 1p or not.
Posted at 24/1/2010 15:54 by gavapentin
Anyone know what the ----- is going on with this share?
Posted at 21/9/2009 16:45 by buggy
Ruedolf,

Accounts well overdue. It's accounts was due just before it delisted. Not sure under Italian law if the clock was restarted from the delisting date with respect to account due date.

My hope is that there is a payout soon. They initially sold about 15% of Neomobile for Euro 10Mill, then they must have got a fair bit for the remainder of their holding, 65% .....(I am hoping).

Maybe we will get a letter or something within the next month or so. At laest I am hoping that it pays out and they wind up the rest of the company. Without Neomobile they really do not have much else worth hanging about for.

News Below on Neomobile site:
...............
"
BlueGem and MPS Venture are the new controlling shareholders of Neomobile
Neomobile welcomes BlueGem as new key shareholder and announces an ambitious Mobile Marketing initiative
Roma - September 17th, 2009. Neomobile SpA ("Neomobile"), the leading Italian mobile entertainment group, BlueGem L.P. ("BlueGem"), the UK-based private equity fund and MPS Venture 2, the Italian closed-end Fund managed
by MPS Venture SGR SpA, announced today the closing of a transaction that makes BlueGem a key shareholder of Neomobile.
BlueGem has a capital commitment of €205 million and was formed by ex-Merrill Lynch professionals to make private equity investments in mid-market companies mainly in the UK and in Italy.
MPS Venture SGR is a management company under the control of the Montepaschi Group, which manages 6 private equity fund with a capital commitment of € 400 million since inception.
Neomobile has become one of the global leaders in the mobile entertainment industry. Operating in a market worth
€50bn globally in 2009 and forecasted to grow up to €65bn by 2011, the Company has offices in 15 countries throughout
the Mediterranean region, Asia and Latin America and is among the most recognized and competitive players in the
fastest growing segment of the market known as D2C (direct to consumers).
BlueGem selected Neomobile for its track record as a fast growing company (with compound revenue growth of >50% in
the last three years), having become in just a few years the n°1 D2C player in Italy and among the top players in Spain,
Turkey and Brazil. Recently the company acquired the Spanish group Arena Mobile to expand its geographic and business footprint. Neomobile is a valued partner of leading mobile operators around the world such as Vodafone,
Telefonica, Telecom Italia, America Movil ,Turkcell among others, and in 2008 was able to generate over €80m gross revenue in partnership with operators.
MPS Venture 2, the Italian fund which became a shareholder in 2008, decided to increase significantly its investment in Neomobile and thus confirming its commitment and role as a key shareholder and its confidence in the management
team, with the purpose of supporting the further development of the company.
The new shareholders base will strongly support Neomobile in the launch of an ambitious growth plan in the emerging Mobile Marketing industry. Mobile represents the highest growth segment in advertising, still small today but expected to reach a market size of $20bn by 2011. Neomobile already has years of experience and expertise in this market and will be launching a dedicated new brand and business unit.
BlueGem and MPS Venture 2 have replaced Teleunit SpA, the previous controlling shareholder which supported Neomobile's start-up and its first successful years.
The management team are also significant shareholders, thanks to a Stock Option plan aimed to further reward the loyalty and the commitment towards the Company of all key managers.
Commenting on the transaction, Gianluca D'Agostino, Neomobile CEO, said: "I strongly believe that our market requires vision and speed in execution. I'm very proud that over the past 12 months we have achieved major goals in our
business while also completing two key deals with leading private equity funds who have demonstrated that they share our vision and strategy. I am very pleased to welcome BlueGem to our Board, and I am sure that with them and their
network of contacts we will boost our growth and improve the way we lead the company to an exciting future"
Marco Capello, BlueGem Founder and Managing Partner added: "BlueGem has great confidence in the mobile entertainment industry's growth potential. We believe that in Neomobile we are backing one of the strongest teams of professionals in the industry, the team which elevated Neomobile to leadership status in Italy, one of the largest and 2 most advanced D2C markets in the world. We are therefore very keen in supporting management's strategy of continued growth in their global presence and the launch of a pioneering mobile marketing services unit"
Marco Canale, Deputy General Manager of MPS Venture SGR declared: "MPS Venture since the previous investment in the company in 2008 has been appreciating the quality of the management team. We have increased the stake held by our major fund, MPS Venture 2, because we believe that the new shareholder base will better provide Neomobile with the support needed to develop both internationally and in new segments of the rapidly evolving market of mobile
contents".
About Neomobile
Neomobile is a global mobile entertainment company, active today in 15 markets with a compound potential reach of 1,5bn mobile
lines. Thanks to his 200 professionals with a unique expertise in mobile marketing and technology, the Company designs, develops, markets and distributes digital content and interactive services for mobile users in partnership with Mobile Network Operators around the world. Active in the market since 2004, Neomobile has been focused on direct-to-consumer (D2C) mobile content with growing success, leading the Company to become the N. 1 Player in Italy and among the top players in Spain, Turkey and Brazil.
Neomobile Group is also a leader in the B2B segment, offering content and technology solutions to Network Operators and Media, thanks to the acquisition in 2008 of the Spanish company Arena Mobile.
Neomobile is headquartered in Rome and has offices in Barcelona, Madrid, Lisbon, Paris, London, Istanbul, Casablanca, Mumbai, Dhaka, Shanghai, Tokyo, São Paulo, Mexico City and Miami. Neomobile is an active member of the Mobile Entertainment Forum (MEF) and Mobile Marketing Association (MMA) and is a finalist in the "Best D2C Company" category of the Mobile Entertainment Awards 2009.
For more information: www.neomobilegroup.com; media.relations@neomobilegroup.com
About BlueGem
BlueGem L.P. is a private equity fund with a capital commitment of € 205 m formed by ex Merrill Lynch professionals to make private equity investments in mid-market companies in UK and in Italy. BlueGem's investment philosophy is founded on the belief that in the long term, value is created through the association of disciplined investors with quality companies and through a real partnership between shareholders and management. BlueGem has created a prestigious Advisory Board that works very closely with the investment team and that includes Andrea Agnelli, Massimiliano Cagliero, Giorgio Girondi, Mario Greco, Rocco Sabelli, Enrico Vitali and Bob Wigley.
For more information: www.bluegemcp.com
About MPSVenture
Mps Venture SGR, company of the Montepaschi Group, operates since 2003 in the management of closed-end investment funds for the Italian domestic territory. At present MPS Venture, leader in Italy for the number of managed funds, manages 6 private equity funds for a total commitment of Euro 400 million.
MPS Venture SGR invests in medium size companies operating in Italy in the industrial, commercial and service industry sectors providing professional support throughout investment development projects. Up today MPS Venture has made 38 investments in Italy and 15 divestments.
For more information on MPS Venture, please visit: www.mpsventure.it"
Posted at 21/9/2009 14:52 by buggy
Anybody still hold shares in these even though delisted.

I see that they have sold out of NEOMOBILE, which is the cash cow. Any information on how much and what exactly they plan to do with the money?
Distribute to share holders or cut and run and wait for any residual share holder to take them through the Italian courts?
Posted at 20/6/2008 07:59 by buggy
Just had a quick glance at the results.

A right mixed bag. There are some positives but also a lot of uncertainities and decline in their previous prime earner.

I will hold off judgement till the deal that is supposed to be completed by 28th July (sale of minority inteterest in Neomobile). If they pulls that off then it will put a flor on the value of te company and there will be some serious re-rating.
If this deal is completed I wil base my value of TLU on the value of Neomobile and the rest is in for free. The rest are not loss making so whatever the3y contribute going forward I will take as a bonus.

DECLINE IN KEY BUSINESS ARE:
Currently the major earner for TLU was the Prenium Access business. The decline of this area due to new proposed regulations in Italy has a significant impact on the groupd turn over and profits. { Luckily the growth of Neomobile will mean that Neomobile is likely to overtake Prenuim access as the key contributor).

Working capital intensive business going forward:
Previously TLU used to collect outstanding debts within 30 days of billing. The new arangement is now that 80% of dept should be paid within 90 days and the remainder within 120 days of billing. Since TLU still pays its agents/partners twice a month, they are in effect paying with their own money something that they will not fully collect back for 120 days.


All in all my initial gut feeling is that Neomobile alone will carry this company and all hinges on this minority sale being concluded. [A venture bank would not be investing if they have not done a proper due deligence and decided that it is a very attractive business]. That deal will also help to put a figure on the value of Neomobile thus the lower value of TLU. The money that the company will receive will help to ensure adequate working capital in view of the now capital intensive nature of the business.

Again I have just had a quick glance. Will analyse the results at leasure later on today.
Posted at 19/6/2008 13:50 by 8trader
Any reason why they did not save this news for results buggy ?

Just been familiarising myself again with the company, debt of around
18 mil on last results.

Then a settlement worth 7 mil euros with 2mil+ more possibly later.

Teleunit settles dispute with Telecom Italia over overdue receivables (Teleunit Spa)

"The group said its cash position has significantly improved after the
settlement"

Then yesterdays news.




Concurrently, the Board is pleased to announce that it has signed an agreement with a major Italian bank's Venture Capital subsidiary for the sale of a minority stake in its Mobile Content Services business, Neomobile, for a total cash consideration to TLU of €23 million. TLU will receive €10 million from the Venture Capital company in exchange for a 20% stake, €1 million from Neomobile's Managers in exchange for a 12% stake and €12 million in new debt, thus providing an important contribution to TLU's working capital. The Transaction values Teleunit's residual holding of 68% of Neomobile at €34 million which represents a substantial premium to the current AIM market capitalization, and will result in a material injection of cash to the Group's balance sheet. The closing of the Transaction is subject to the raising of €13 million debt financing (€1,0 million of which will be used to fund expenses related to the Transaction) and Antitrust approval. Although the Board believes that conditions for completion will be met by end July, no guarantees on the successful closing of the Transaction can be provided at this time.

One question from that.."12 mil in new debt"...what does that mean !

In theory i think all debt could be elimanted now with a stake possibly
worth 30 mil or as you say around 5 times the current market cap.

I can see why the excitement, problem is the desperate current market conditions we are suffering here, not many buyers about.

Maybe tomorrow results will clear everything up.
Posted at 19/6/2008 08:33 by buggy
8Trader,

Hopefully the deal for minority sale of Neomobile puts a floor on the value of TLU. Even if you get the rest for nothing then it still puts this at a value of about 5X current price.
Past issues and lack of visibility is one of the issues for this company, company still under the radar.... will never really have any institutional holdings because most of the share are not in free float and controlled by one family and domiciled in Italy.

Results out tomorrow:
I am looking to see how the core business, (telecommunication and Mobile content) is performing as I believe these are the areas that they should focus on.
>>>hence not a bad thing , in hind sight, that they are writing off Pro-advertising and Starline investments.
Teleunit share price data is direct from the London Stock Exchange

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