Future Internet Share Discussion Threads

[plainz] 11/1/2006 00:43

second from last contact on this rns. Send him an email.

I haven't shorted as seems to good to be true but can't see the catch. 8-9 times overvalued!!!!

RNS::::

Stmnt re Share Price Movement


RNS Number:4105V
Future Internet Technologies PLC
09 December 2005

9 December 2005



Future Internet Technologies Plc



The Board of Future Internet Technologies Plc ("the Company") has noted the
recent movement in the company's share price. The Board has been in contact
with a number of acquisition opportunities. The Board has not yet reached a
stage where it would initiate due diligence and has not reached even outline
terms for a transaction.



For further information please contact:


Richard Armstrong, Future Internet Technologies Tel: [phone]


Richard Oldworth, Richard Darby - Buchanan Communications Tel: [phone]


Stephen Goschalk, Insinger de Beaufort Tel: [phone]



- ends -

[plainz] 11/1/2006 00:40

[e-mail] these are the pr guys as per the rns statements.

[plainz] 11/1/2006 00:39

From: Richard Darby Mailed-By: buchanan.uk.com
Reply-To: [e-mail]
To: xxxxxxxxxxxxxxxxxxxxxxxx
Date: Jan 10, 2006 12:50 PM
Subject: RE: Future Internet Technologies
Reply | Reply to all | Forward | Print | Add sender to Contacts list | Delete this message | Report phishing | Show original | Message text garbled?

xxxxxxxxxxxxxxxx

The market capitalisation of Future Internet is approximately £70 million with 176m shares in issue. There is no web site currently but will pass on your request for information to the company.

With kind regards,

Richard

[plainz] 11/1/2006 00:37

read the post above confirmed with pr guy for the company £70 million

[quotes_4_u] 10/1/2006 23:56

6.79 mil market cap on advfn now plainz.

Unlike creo which seems to be overvalued by 3 times, if you
can confirm the market cap is 70mil then i may go short on this.

Easy to get confused when advfn fundamentals are so poorly maintained.

[plainz] 10/1/2006 22:38

Confirmed by Richard Darby , who work on behalf of FTI (like a pr agent i think):

The market capitalisation of Future Internet is approximately £70 million with 176m shares in issue. There is no web site currently but will pass on your request for information to the company.

With kind regards,

Richard



I haven't gone short, may wait for 10% drop first just to check top been had. What a crazy situation. Hope it's no pink elephant (white nile).

[Abuse team] 10/1/2006 22:07

Post removed by ADVFN

[plainz] 10/1/2006 12:21

Does anyone here have a position on these?

[plainz] 10/1/2006 03:24

is so would they give guaranteed stop loss?

[plainz] 10/1/2006 03:23

are you short beta/

[beta_adjusted] 09/1/2006 18:21

plainz,

just cos they aren't on IG screen doesn't mean they won't trade em for you. IG shorted GND for me and said I can short FTI with them

B

[typo56] 09/1/2006 16:29

You can CFD through GNI, so you can probably spread bet through Man Group. Judging by the major shareholders I imagine you can spread bet through Cantors too.

[plainz] 09/1/2006 15:33

does anyone know will allow spreadbetting in these?

[typo56] 09/1/2006 12:27

Of course there's a mistake in the ADVFN number of shares in issue. ADVFN have failed to take account of the 160m placing at 5p back in November, used to raise £8m (gross). The number of shares currently in issue is just over 176m, although this could rise to 278m if the warrants are exercised. If all the warrants are exercised it will raise an additional £12m

I wonder why warrant holders are not converting them at 12p/15p, and selling the shares at 40p. Is there a lock-in period? If I was a warrant holder I'd be tempted to short.

The whole thing is very curious and I'm sure someone somewhere understands what is going on and isn't telling - it looks like a screaming short in the way Langbar looked a screaming buy!

[plainz] 09/1/2006 00:27

Latest holdings rns suggests 176,115,000 shares in issue.

At say 40p this gives a market cap of £70.5 million.

[plainz] 09/1/2006 00:23

Seems so in papers and on other websites suggest advfn wrong. also the rns about holdings and % with no of shares also does this.

[beta_adjusted] 09/1/2006 00:11

Could be wrong. ADVFN got GND's shares wrong.

Get the listing prospectus from the company if in doubt.

B

[plainz] 08/1/2006 21:18

Future Internet Technology plc -

RECENT NEWS
-Planning 'substantial fundraising to invest in something to do with Voip
-On the same day Credit Agricole said it had dumped a large number of shares.

The number of shares quoted by ADVFN seems wrong, actually about 180 million so share price £80 million. This is confirmed ADVFN have it wrong as per email below.


From: Richard Darby Mailed-By: buchanan.uk.com
Reply-To: [e-mail]
"
The market capitalisation of Future Internet is approximately £70 million with 176m shares in issue. There is no web site currently but will pass on your request for information to the company.
"

Known Holdings:

Cantor Fitzgerald Europe 6,280,000 3.57% 11 Jan 2006 (unknown why)
Credit Agricole S.A. 41,495,000 23.57% 11 Jan 2006 (unknown why) (SOLD ABOUT 5 MILLION)
Mr Bonnier - 14% stake (bought at 5p)
Cantor Fitzgerald Europe 9,580,000 5.44% 21 Dec 2005 (Spreadbetting CFDs)
RBS as Trustee of 33KWS UK Specialist Fund 6,982,813 3.96% 16 Jan 2006 (currently disposing of holdings)









++++++++++++++++++++++++++++
CURRENTLY NOT SUSPENDED
++++++++++++++++++++++++++++


YOUR DETAILS ARE:

[plainz] 08/1/2006 21:13

have we missed something. Could there be a mistake in the number of shares in issue?

[plainz] 08/1/2006 15:59

ig doesn't show them...has anyone here got a short- who with please?

[Abuse team] 06/1/2006 15:01

Post removed by ADVFN

[typo56] 05/1/2006 22:35

I wouldn't bother with charts on this one Vuelands when it appears to be so irrationally priced . The question is, why isn't this sitting at around 5p? Why were there a couple of large trades today at 41p?

[vuelands] 05/1/2006 22:29

sure enough the charts are breaking down, momentum is falling fast and moving averages are being challenged, may consolidate at around 40p, but a fall to 31p looks more likely as a first stop.

[typo56] 05/1/2006 22:07

Can someone explain the situation regarding the warrants?

As I read it there are a total of 102m warrants which, if exercised, would raise about £12m. The number of shares in issue would rise by about 50% so if the price remained the same the market cap would also increase by about 50%. At current levels that would result in a market cap of about £110m for cash of about £20m.

Who has the 80m 12p warrant rights? Is it the original placees? Who are they? Is there anything to prevent them shorting this rise, then delivering stock at a later date when they excercise the warrants? At this level, 1 warrant for every 2 shares subscribed for looks rather generous, doesn't it?

The whole thing looks very odd to me. I'm sure there's a reason for it - I just haven't seen it yet.