Directex Real Share Discussion Threads

[tezza1180] 23/11/2010 09:00

Hi guys the alledged sell at 4.268 for 67k of shares was actually a buy cos it was mine so mms playing mind games
Terry

[gurp] 23/11/2010 08:31

marab - the investments at hre sound like the "more innovative mechanisms?" that tw implies will not apply here..........

[greek islander] 23/11/2010 08:08

Kenny

Could you ask TW please what he feels about an investment in AGQ - a stock I now have a serious holding in. Thanks.

[kennyruss] 23/11/2010 07:36

you are entitled to your opinion knowsleyman

[knowsleyman] 23/11/2010 06:14

CPS1959

I understand perfectly what is going on.

Before retirement I was an FSA regulated individual and worked in the heart of some issues.

If they raise sufficient funds the 1st time round to take care of, say the net 6 months, then that is good enough.

Personally after reading what TW had to say about Myhome after I had sold out because it was clear to me that all was not well I have never read anything further of his. Do I trust him? The simple answer is NO.

[cps1959] 22/11/2010 21:32

knowsleyman

I think we have to trust/or not in what TW is going to do. Its just not practical in this fast moving world to keep coming back to shareholders for their permission and approval for every investment decission. For starters its also very costly and I beleive prohivative.

I did read what you said. ??????????????
I don't think you really understand the concept of what is going on here.

[marab] 22/11/2010 21:29

Kind of defeats the point of having someone like TW who can raise cash quickly and buy assets quickly, having to ask shareholders if they want to buy a few more shares. That would take weeks of to-ing and fro-ing. If, like at HRE, we get diluted but still have a bigger NAV then I am all for it. The more cash raised, the more deals, the greater the NAV and hopefully our share price.

[kennyruss] 22/11/2010 21:11

If we don't waive our pre-emptive rights, then we will have a £1.75m kitty. I have no issue with dilution if its to bring a deal like ascot, or what regency got with oracle coalfields... If it increases NAV, then I have no issue in waiving rights. Sure they could still bring deals to the table, but they would need to ask shareholder permission every time.

We need to remember that most of us long termers here paid a hell of a lot less than the 3.88p that T1ps paid...

[marab] 22/11/2010 20:02

knowsleyman - I am not arguing against your point butas I understand the RNS from HRE

They sold shares in the company at 0.6p to raise £670,000
They buy £430,000 worth convertibles that pay us 10% interest until 2015 at which time they convert the £430,000 convertibles into shares at 20p which means at today's price at least £846,000.

They also have 3,001,000 warrants to buy at 20p which if exercised today would give over a £600,000 profit.

So they have raised £670,000, and now have an investment worth about £1,450,000 plus cash left of £160,000. And that does not allow for Ascot's price increasing before 2015 or the 10% interest on the convertibles of £43,000 a year worth another £160,000 - £200,000 depending on when they convert.

They sold the HRE shares at about a 3rd off the then market price so you could argue that shareholders lost say £300,000 on that part of the deal, but even on that assumption it still looks a very good deal. A few more of those would keep me happy. Any other form of investment would probably have cost more and taken longer to set up. If they do the same with DXR I would be happy enough because of the speed in which things happen and the return on the shares issued. Feel free to kick holes in the above as I have been making a lot of mistakes lately.

[greek islander] 22/11/2010 19:39

First move should be to invest heavily in AGQ - I have!!!! Already showing a good profit!

[knowsleyman] 22/11/2010 19:37

CPS1959

You may be prepared to waive your pre-emption rights, but I am not. That is all I am saying before we get to know exactly what the proposals are.

Try reading what was said!!!!

[cps1959] 22/11/2010 19:33

knowlseylman

What planet are you on. I know we have had our differences in the past but this one tops the lot.
There is no other alternative to a yes vote. Have a good think next time before you try posting. Lol.

[knowsleyman] 22/11/2010 19:00

I will wait and see just what the proposals are in the EGM before deciding how to vote.

I am as certain as I can be that we will be asked to waive pre-emption rights and that MUST be a NO. If accepted we can expect plenty of what is being served up in HRE. Certaintly looking after the boys!!! Amazing how they appear when a profitable placing is being made.

[devil20] 22/11/2010 18:50

Strange flatline most of today tho wasn't it.

[bonosr7] 22/11/2010 17:16

is this what DXR investors have to look forward to ?

dilutive placings ?

Conditional Placing of 111.7 million new shares ("Placing")



The Company has conditionally placed 111,666,664 new ordinary shares of 0.25p each ("Placing Shares") with new and existing investors at a price of 0.60p per share to raise £670,000 before expenses. Completion of the Placing is subject to the following outstanding conditions precedent: (i) passing of all resolutions ("Resolutions") set out in the Company's notice of Extraordinary General Meeting sent to shareholders on 2 November 2010; and (ii) admission of the new Placing Shares to trading on AIM. The proceeds of the Placing will be deposited into an escrow account pending satisfaction of the conditions precedent.



On Admission, The Placing Shares will rank pari passu with the existing ordinary shares of 0.25p each ("Ordinary Shares") in the Company.

[the_beagle] 22/11/2010 16:55

At least we are up today in a pretty horrible market for small caps generally.

[gurp] 22/11/2010 14:57

kenny - ta for post 69, as I assumed, so presumably will need to be asdded to from somewhere
but confused re the "........payable in shares at the NAV...." bit

[engelo] 22/11/2010 14:22

And obediently at 14.00 HRE rises 6%! Magic, Kenny :))

[kennyruss] 22/11/2010 13:50

Thats exactly the kind of deal I am expecting here - leveraged/geared e.t.c.

Remember all us longtermers have bought in much cheaper than the T1ps.com fund.. will do some sums later when I get home.

Lets watch the performance of HRE and then we can draw comparisons

[scyther] 22/11/2010 13:43

does anyone here hold hre shares?
i see they have joined rrr and tw in investing in ascot mining, any thoughts ppl

[kennyruss] 22/11/2010 13:20

1.4m cash + webclubs disposal + final payment from bisnode AB - approx £1.75m - £2m

[gurp] 22/11/2010 13:11

kenny, summary in the header:
"t1ps Investment Management (IoM) Limited ("TIM") will receive a fee equivalent to 15% of the increase in the net asset value ("NAV") of the Company payable in shares at the NAV each quarter."

is there a typo in there towards the end?

still a bit uncertain of the business methods here & how they will pan out.
unless there's a fund raising - in which I trust existing holders will be on equal terms - then what 'cash' is 'available' for imminent new investments? (not much I would have thought)
the advfn finacials for dxr seem a bit odd

tia

[scyther] 22/11/2010 13:10

hi kenny

so as i understand it once the EGM is announced it should take place 21 days after that date or is it upto a maximum of 21 days ( as in anytime upto the 21 days)
sorry if a trivial question just trying to shuffle a few pennies around

[tezza1180] 22/11/2010 12:27

Hi Kenny
I have 203057 shares with h/l