Ite Share Discussion Threads

[typo56] 28/6/2018 16:37

Well done playing ITE. Closed about 2.3% above HOD.

[cantrememberthis2] 28/6/2018 13:05

RNs director buys
Game on

[typo56] 28/6/2018 12:38

Even at 100p that would only be market cap of about £742m? That's a bit borderline IMO. HFG are getting promoted from the reserve list tomorrow and they're about £790m.

I'm not sure how much FTSE 250 matters anyway. There are SmallCap funds too and they'd have to sell on promotion. Sometimes better to be the biggest fish in a small pond than the smallest fish in a big pond!

[cantrememberthis2] 28/6/2018 12:25

Level 2 littered with DMA players whilst MMs are nowhere to be seen... 66p and 72p
Tells me shorting is in full force.
Not selling.

[cantrememberthis2] 28/6/2018 11:03

I mean they can see sentiment from 35% no votes and also uptake to rights as they are Brokers/Instutions of course IMO.
I'm content this will come good. Big rights issue to their market cap and could be propelled to FTSE 250 next quarter now that would mean 100p ;)

[typo56] 28/6/2018 10:55

Underwriting means they'll guarantee to pick them up, should the rights fail and ITE fail below 56.2p. Otherwise I don't see them needing to buy.

What do you mean about the brokers and hedgies seeing the nil paids and getting them for next to nothing?

Thought we could all see the nil paids (ITEN) and they currently trading at about 12p, as you'd expect. Obviously they should track about 56.2p below ITE.

[cantrememberthis2] 28/6/2018 10:41

No problem. Underwritten means they'll take them up...seen POG got to 5p OB go to 2p and both bounced hard... They rinsed the PIs out and marched upwards. We are close IMO to a low. The broker probably very happy to take the nil pairs at next to nothing. They've done their due diligence and believe 56.2p is VERY cheap IMO.

[typo56] 28/6/2018 10:12

Do underwriters pick up anything unless ITE falls below 56.2p? ie no-one in their right mind would be taking up rights when they could buy ITE cheaper in market and nil-paids worthless.

I doubt they'll go that low, but all it takes is a Trump tweat or two!

[cantrememberthis2] 28/6/2018 09:41

I've had email comma from board last night and today.
They are closely monitoring share price. They are unable to comment during rights issue subscriw period.
Its being shorted regardless of sells... This will lift as nothing goes down in a straight line. Underwriters will pick these up cheaply as the nil pairs are getting worth less... Seen this way too often.
I've been adding.

[typo56] 28/6/2018 09:29

Wow, at this rate it could fail and end up with the underwriters. I doubt it.

[eastbourne1982] 28/6/2018 09:08

Now 69p, tempted to buy but this just keeps tanking.

[cantrememberthis2] 27/6/2018 21:26

Share Price has been shorted IMO by the 35% who voted deal down. Spite their own face then. Idiots. Trading under TERP is not uncomomon... as if brokers and hedgies cant see the nil paids.... course they can IMO.

Being shorted...as was Capita, PFG, etc etc.

Ill keep adding.
£62.5m projected profit with a little premium here is 100p.

[topvest] 27/6/2018 20:20

I'm not sure they massively overpaid for Ascential; its a very cash generative business with no / little capex. I do think that paying with equity at 56p did massively undervalue the existing business by a factor of at least 2.5.

[cantrememberthis2] 27/6/2018 18:23

Terp was 87p
You are right about todays price. I can only deduce people arent taking up the rights, shorts and brokers can see the uptake and PLAYING on THIS via shorting.

HOWEVER it is fully underwritten and an under subscribed Rights Issue means nothing these day.

Oversold on shorting as AT trades hit every buy and whacked down using 200-700 shares.
So I'm confident adding and accumulating under Terp.
I care not they paid too little or too much.
CEO is ex boss of said acquisition.... So I suspect overpaid no... Fair price if he can accelerate growth.

145p to 103p that is a shorting FRENZY IMO i.e. 87.1p to 73.2p, 19% drop on SMALL volumes says it all.

Again - being played hence buying in the background.

[cantrememberthis2] 27/6/2018 17:24

Its shorts and hedgies driving it to scare pis not take up rights.
I've bought more.... Fully underwritten and seen this all before.

[typo56] 27/6/2018 16:55

I think it is informative to relate the current price back to the equivalent value cum-rights as it gives you an idea of how successful, or otherwise, the rights have been. If my sums are correct, the cum-rights price equivalent is

2.75*Ex-rights price - 98.35

From close today of 73.2p that means an equivalent cum-rights price of 102.95p.

Last week people were paying as much as 145p. That's some clonk in value.

[cantrememberthis2] 27/6/2018 15:06

Being shortedp

[eastbourne1982] 27/6/2018 15:02

Just keeps dropping, now 74p.

[cantrememberthis2] 27/6/2018 11:04

Now o. 45k shares... Keep lowering... Now at 119p pre rights.

[cantrememberthis2] 26/6/2018 21:48

ill be buying those tomorrow as sub TERP ;)

[topvest] 26/6/2018 21:37

It certainly a day for some chunky rights issues today. Phoenix has just gone ex-rights as well!

[topvest] 26/6/2018 21:36

Thanks - it doesn't feel very good! Not that many. I don't normally double-up on my losers, but through the rights issue have effectively quadrupled-up as I doubled-up about a year back. At least Tarsus has been doing better. I do agree that with a new management team in place and a better balanced business, this could get a re-rating fairly quickly.

[cantrememberthis2] 26/6/2018 20:46

How many shares do you have?
80p, today was a classic day to scare punters on the trades, the volume was low considering they now have 742m shares. Another institution has probably picked up the 13.6m shares sold by Neptune as I have scanned the last 10 trading day shares. 142p was the sell point IMO. However, I expect some more volatility and retrace back to 100p.

Your 106p is pretty low - well done.