Fuse 8 Share Discussion Threads

[topvest] 21/7/2010 12:14

Double 6 is correct. The existing shares were consolidated into about 1 million shares - 100m shares on a 1 for 100 basis. The market cap is £3.6m.

[dnfa1975] 21/7/2010 08:12

i make that 21.5m shares at 32.5p = £7m if that is correct - way overpriced

[dnfa1975] 21/7/2010 08:11

Award International Holdings plc
("Award" or "the Company")
Proposed Acquisition of Fuse 8 Group Limited, Admission to trading on AIM, Change of Name and Consolidation of Existing Ordinary Shares

Award, which is currently an investment company traded on PLUS Markets, has conditionally agreed to purchase the entire issued share capital of Fuse 8 Group Limited, details of which are set out below. The aggregate consideration for the Acquisition is £5 million, which is to be satisfied by the issue, credited as fully paid, of 10,215,000 Consideration Shares. The allotment of the Consideration Shares will give the shareholders of Fuse 8 approximately 90% of the enlarged issued share capital of the Company.
The Acquisition constitutes a "reverse

[double6] 21/7/2010 08:07

dnfa

Fact:

"The Company has 11,350,000 ordinary shares of 2 pence each in issue which will trade under the ticker FUZ8.L"

This is after the shares issued to "buy" FUSE 8.

11,350,000 x 32.5p = £3.6mln

[dnfa1975] 20/7/2010 22:24

no, it doesnt include the new £5m shares issued to buy fuge8

[topvest] 20/7/2010 21:48

I've got a bundle of these and it looks like a good little company. Growth prospects are strong and the management team committed to the business. They seem to be doing very well in the current year, based on the interims and the fact that they didn't raise any new equity for cash. I will still be tempted to sell a few if we get some buying, but will keep some for the longer ride.

[double6] 20/7/2010 21:04

(Current MC = £3.5mln)

[dnfa1975] 20/7/2010 16:56

not impressive for a market valuation of £8m

reversed into ofex dead shell

[double6] 20/7/2010 15:54

£378k Profit in a 6 month period - quite impressive !?!

[lufc5] 20/7/2010 08:37

On me radar.
GL

[double6] 20/7/2010 08:36

....

Fuse 8 is pleased to announce that trading in its Ordinary Shares has commenced
on AIM today, following a withdrawal from PLUS, as previously announced on 23
June 2010.

Fuse 8 is a full service digital marketing specialist with offices in Leeds and
Russia. Covering a wide spectrum of services, ranging from online marketing to
Search Engine Optimisation ("SEO"), Fuse 8 centres most of its services around
enhancing clients' reputations by helping to market and build their brands. The
business has undergone substantial growth in the last few years.

Fuse 8 has more than doubled annualised revenue and operating profits since 2008
and in the six months to 30 September 2009 Fuse 8 achieved profit from
continuing operations of GBP378k on revenues of approximately GBP2.1m.

There remains much scope for future growth, given the fragmented market in which
Fuse 8 operates and the Directors believe Fuse 8 to be innovative and a leader
in areas such as SEO. The Directors believe that the Admission to AIM will allow
Fuse 8 to increase its market presence and profile and will thus assist in the
organisation's future growth.

The Company has 11,350,000 ordinary shares of 2 pence each in issue which will
trade under the ticker FUZ8.L and the Company's ISIN is GB00B66Q8C12.

[double6] 19/7/2010 20:23

Keep an eye out for this one coming to AIM tomorrow.

11mln shares - 90 % held (unable to sell for 12 months).

Profitable.

Should be interesting.