Netb2b2 Share Discussion Threads

[maxbubble] 07/3/2008 16:32

malkie....all 3 are needed for the Aim market multibaggers...lol. Yes sometimes the shareprice will just rise out of the blue without any volume - yes i imagine Keith will offload some at a much higher price to get back his investment and let the rest run for free - maybe put them in his sipp

[malkie] 07/3/2008 16:23

max thats a big assumption.

Firstly he obviously wont sell them at these levels so you must be assuming that the share price will increase. What will make it increase?? It will only increase of people start to buy.

Issues that prevent people from buying are as already stated:

1/ No independent directors
2/ Poor Corporate Governance
3/ untrustworthy/incompetent management

Non the less if the price does go up and then KY starts selling his shares to meet demand dont you think that this cynical market would call a top and send the price down again??

if someone would at least address one of the points i am raising, we might get some perspective - seems to me no one can.

[maxbubble] 07/3/2008 15:40

Keith will likely sell shares to satisfy demand at some point - that will bring more onboard when his share holding is being reduced

[malkie] 07/3/2008 15:36

M&C - I am delighted, no - make that thrilled, to see you getting engaged in the debate.

I would reiterate my view that this is a private company in all but name.

No institutional holders, no independent directors and serious corporate governance issues.

KY doesn't have to care about the share price unless or until it comes to selling. He certainly wont be borrowing any money on the back of the Company's valuation - not that he could get the interest of any significant investors after the Decembers share placement stunt.

You are all living in hope and I would love to be proven wrong - but somehow I doubt I will be.

If you write this off as a bad job – that way you wont be disappointed.

M&C – if they didn't have £500k pa central costs they wouldn't have needed re-financing in the first place. Right??

[freelunch] 07/3/2008 15:00

In answer to the header.....doubt it.

[maxbubble] 07/3/2008 13:52

mkt cap £830k - possibly a chance of seeing 5p again which would be a good entry point.

[25wbh] 07/3/2008 13:40

Fine by me Malkie.

[mercier et camier] 07/3/2008 12:34

No matter what angle you approach it from it is always a good sign when a director or directors take significant stakes in the company they run.

As a private shareholder you hang onto the shirt tails of the management. That's how you make your money.

malkie - 7 Mar'08 - 11:05 - 78 of 80

"In simple terms it means that now he doesnt have to care about the share price at all."

How silly a statement is that. His personal wealth is directly linked to the strength of the shareprice. A company can borrow money on the strength of its shareprice. Tracker funds will invest in your company on the strength of the shareprice. Profitable options are exercised on the strength of the shareprice. Companies may or may not decide to do business with you on the strength of the shareprice.
There is absolutely nothing for KY to gain and everything to lose on a weakened shareprice.

The company is capitalised at only £500K. The shares are tighly held and even more tightly held now. The stock is illiquid the slightest buy or sell sends it up or down. What all shareholders are awaiting for is company transforming news. With KY now in full control of the company they may decide they can be a bit more forthcoming with positive news without fear of hedgefunds, rivals or plain speculators acquiring control or significant stakes in the company. WAIT.

[maxbubble] 07/3/2008 11:46

its always very bearish when a 30 bagger is about to move - usually a good buy signal

[cotton4] 07/3/2008 11:30

I've no problem waiting. Have plenty other shares to keep me amused. Totally agree that there are other ways for KY to get a return but if the company needs capital again, he will need to dip into his own pocket.

[malkie] 07/3/2008 11:05

Cotton - you seem to think that managements interests are directly alligned with shareholders. ergo - if they do well, the price will go up?

The share price will only go up if more people buy than sell. You are assuming that if they do well people will start to buy. That is a big assumption to make.

Perhaps you dont see the significance of KY owning such a high percentage of the company without any independent directors. In simple terms it means that now he doesnt have to care about the share price at all. He can get his money in other ways and doesnt have to pay a divi. Why dont staff own any significant amount of shares???

What benefit is a high share price to KY unless he wants to sell the Company???

You are pointing out the evidence (no interest in updating web site) but dont put 2 & 2 together.

This is a private company in all but name. If you are looking for a return you will have an eternally long wait.
all IMO

[cotton4] 07/3/2008 10:39

I have idea no how he will get it above 10p other than make some profits, but given his stake in the company now, there may more emphasis to turn it around. I'm not expecting great things, so anything positive is a bonus. I just wish they would do something with their web sites. They are absolutely shocking and never up to date.Certainly not an advert for the type of company they are.

[malkie] 07/3/2008 10:23

How do you expect KY to get the share price aboove 10p??
By virtue of good news re trading?

what about the serious corporate governance issues?? What about the lack of Institutional Holders?

IMHO this is a basket case as far as investors are concerned. The trust has gone from management and sophisticated investors will stay well clear until something changes on that front.

NEB is - only for naive punters and risk takers at this point in time.

[cotton4] 07/3/2008 09:59

Malkie - Totally agree with what you say, but I entered these at 14p and averaged down. If KY gets anything above the 10p he paid, then I can handle it.

[malkie] 07/3/2008 09:19

sorry guys but Mr M&C has sparked a bit of motivation in me to moderate this board properly in the hope of encouraging some meaningful discussion.

If all you want to do is say good morning to each other, imagine what people would think when they visit this thread??

can I ask you to desist please and only post if you have a question or something meaningful to contribute.

[malkie] 07/3/2008 09:07

Cotton - AG spun me a similar line 3 years ago when the share price was 50p.
Loads in the pipeline whilst Directors are all part timers running up £500k a year in central office expenses. Without such overheads they would never had got into the mess that has decimated shareholder value. Keith Young got control on the cheap and that will maximise his return and not yours. He didn't even show up for the EGM, which shows how much he is taking the p*ss out of you and I.

What else could it be but either total incompetence or a deliberate fraud.

M& C doesn't mention that does he?

M&C has been spinning the same macro-line for years, and does not want to discuss anything.

You simply cannot trust management or those who would advocate the company's prospects when they gloss over its dire performance to date.

IMHO He is either a fraud or a fool who just likes to spin a good story on a bulletin board now and then.

Talk is also cheap and the share price says it all.

I am a very civil person normally, but not when it comes to dealing with liars and frauds.

I have written off this company and my investment in it. The fact that the share price remains 25% below the placement price shows what confidence the market has in this Company's prospects.

[25wbh] 07/3/2008 07:11

Good morning Cotton4/all

[cotton4] 07/3/2008 06:49

Good morning 25wbh/all - Civility's cheap - A bit like NEB - However, if you want an opinion, I still believe that there is upside here. From AG, I am led to believe that the company has turned the corner and with our MD pumping £500,000 of his own money in, I see that as a positive. In the meantime, until we have evidence that the company has turned the corner and is reflected on the bottom line, the market will not be interested. If our MD makes a healthy return on his investment, I may recover my losses.

[25wbh] 06/3/2008 09:36

cScape have now mentioned the book on their web site but have back dated the announcement to 29/2 for some reason

[cotton4] 06/3/2008 07:14

Morning 25wbh/all

[25wbh] 06/3/2008 07:06

Good morning Cotton4/all