I-nexus Global Share Discussion Threads

[dell314] 04/5/2006 11:51

fusebox - It's much easier if everyone uses one thread and the title of this one relates to events some time ago. Wouldn't it be better to use the other thread, unless anyone has any verification that EK is shorting this again?

Rgds
dell

[fusebox] 04/5/2006 11:35

The company is to be renamed madasfish...lol

Well we all know fish have a 5 second memory but will a 5 second memory wipe out this companies torrid history!

Yes and investors have to be mad holding on to this stock so the first part of the name change is apt as well.

[fusebox] 04/5/2006 11:28

Paulypilot is misleading you guys again..Brightview is a high risk venture. In actual fact the home gaming was the operation that most holders had faith in !

The buyers came in afer the fall and the share price now in decline again.

Sell out this is a bad stock imo.

Paulypilot has led you lot up the garden path.

The last time it fell he indicacted it might be a good idea to top up...what a bad mistake that would have been.

You have been warned most by bear stocks dont fare well!

[fusebox] 04/5/2006 11:28

Paulypilot is misleading you guys again..Brightview is a high risk venture. In actual fact the home gaming was the operation that most holders had faith in !

The buyers came in afer the fall and the share price now in decline again.

Sell out this is a bad stock imo.

Paulypilot has led you lot up the garden path.

The last time it fell he indicacted it might be a good idea to top up...what a bad mistake that would have been.

You have been warned most by bear stocks dont fare well!

[gsands] 04/5/2006 10:42

Yes - I am quite surprised by Pauls upbeat tone. He is generally a pretty savy investor but here I think he has missed the point:

There appears no compelling strategic requirement for Home Gaming
to remain part of the re-focused Company, and having considered various options,
the Board has now entered into negotiations with senior management of the Home
Gaming business which may or may not lead to a sale of that operation.


The more I think about it the more this stinks to high heaven - the last two posters have hit the nail bang on the head.

I have committed quite a few ££ to this so I am not best pleased. But if I had committed £300k plus, as Paul claims to have done, I would be spitting fire over this news.

The management should be strung up by their nads and not let down until they give some guidance on the figures to justify this move.

Paul - I have lost a few £k here - but you must be climbing the walls with rage and if you are not then you should ask yourself why.

[ok,yah] 04/5/2006 10:35

Looks like management will get home gaming on the cheap - looks really dodgy to me. Where is the consultation with shareholders. Where is the justification? No mention of current numbers for home gaming or the rationale (has been glossed over). Not so long ago this was making as much as the market cap of the company. How can the decline have been so dramatic...?! I wouldnt be surprised if the home gaming prospects 'improved' after being sold. Shareholders look to have been stitched up. Paul I'm surprised you are so upbeat about this..

[dell314] 04/5/2006 09:57

GSands - perhaps the board aren't f---wits at all.
What a great plan to leave the broadband business with shareholders and allow their management chums to pay for the gaming division in installments.
Then if the broadband business should happen to get crushed by the competition and go bust, there is no one to pay the installments to.
Oh dear!

Good plan, eh??

OK, I'm only joking but AIM market "regulation" does appear particularly well designed to facilitate management stitch ups of shareholders...

Rgds
dell

[gsands] 04/5/2006 09:28

This is an interesting article and mentions the unexpected and high cost of customer migration for CPW:

[gsands] 04/5/2006 09:23

Here is the service comparison between Talk Talk and Madasfish:

[rbonnier] 04/5/2006 09:22

LOL...OUTLOUD.!
Everyone was slagging off Brightview last week saying this was why this had collapsed due to cpw.It appears this morning Brightview has saved our bacon from having to write off our investments.
I still expect to double my money on this from here Brightview is valued at 10 million and is doing well so Im not ruling out a bid once the home gaming division is gone.
Its a bit wishful thinking I know but Im not ruling out a bid for the whole lot from an outside player 50p all in.!!
Anyway thanks to Brightview we are still playing.

[gsands] 04/5/2006 09:21

If you go to Google and type 'broadband reviews' it will find a load of broadband comparison websites.

I clicked on the first one - and amongst quite a few options Madasfish is not mentioned once....



However, moving down the list and avoiding the BT links, the next link does show Madasfish:



An enables you to compare it with other service.

I'm going to play with it for a few minutes and see what they are offering..

[gsands] 04/5/2006 09:01

Nigel,

The MM's opened it down at 'silly' levels as you say.

But there hardly been a rush of buyers at these 'silly' levels, so perhaps they are not so silly afterall.

[gsands] 04/5/2006 09:00

Paul,

The RNS implies the home gaming will be sold to the management...??

Don't you smell a rat here?

[nigelpm] 04/5/2006 08:56

I agree with most of the comments.

MM's opened this up this morning at silly levels. Plenty of buying first thing.

At market cap of £6.9m at 32p there's no point selling. If they can get a few million for the Home Gaming division and free advertising on their ISP from moneysavingexpert.com (as they seem to be doing well) then it's still a worthwhile punt at these levels.

I bought in at 50p after reading the bits on PP's pub. I won't be buying more but it just isn't worth selling.

[gsands] 04/5/2006 08:49

I am not commiting any more money to this until the waters clear a bit. Paul - you must be especially disappointed having met the management of this company and commiting so much of your hard earned to this as an investment.

The management have proven themselves to be utterly uncompetent and their decision to suddenly ditch the gaming side for a deferred payment smells very fishy indeed.

If I were in your shoes with your side of holding I would be on the phone to the management today demanding some answers.

[gsands] 04/5/2006 08:45

CPW must be effectively running a loss leader to get it's broadband service off the runway. Same is happening in the mobile phone sector with '3' losing millions every day to woo customers away from Orange and O2 with their incredibly cheap monthly price plan.

In this instance surely Brightview has a lot of hidden per customer value, which in this agressive market could be more than we think?

[feroza] 04/5/2006 08:39

paulypilot

when did Talk Talk "free internet" offer actually start and do you feel that the other telcos wont flex their muscles too?

how many time's have management disappointed the city and why dont they state what they expect earnings to be?

just because things have gone well at Brightview so far, given the strength of the competition and the changing fundamentals of broadband, how much visbility is their?

dividend yield?

[scotswhaehae] 04/5/2006 08:28

hmmm...given the provisioning situation referred to in the statement re brightview your £250 may be optimistic, especially with Carphone Warehouse entering the scene...you could see how the current market cap could still be high if there is a substantial exodus to Carphone Warehouse for example with writeoffs required.

Not a pretty picture when you think most bulls looked at the gaming as the on- going business with brightview as the saleable asset!

[feroza] 04/5/2006 08:25

I can't believe what the management team are doing: they seem to be getting rid of the company's a/only cash generative division with the consideration payable over years!!!! and then wanting to concentrated their activities where the things are really really expected to toughen up.

Low margins to start with with intense competition to follow (Talk Talk from Carphonewarehouse is only the first, other majors are about to get in on the action). So although the sign ups may have been fine why I cant expect them to carry on at anywhere near that rate, wait for an inevtitable update at the time of the results which says that trading at Brightview has also deteriorated. Classic management mistake! ouch

Zilch earnings visibility

[rbonnier] 04/5/2006 08:24

GSands the current market is 6.6m there are 21.39 million shares in issue todays profits warning was already priced in so agreed this is a buying op