NXT Share Discussion Threads

[thecrownsucks] 23/9/2010 12:05

you wont get 4p tomoro...best take it

[grandwood] 23/9/2010 12:01

Barclays have just offered me 4.51p to sell my existing shares and 4.50p to buy new ones.

Don't have the cash (or the balls) to play the arbitrage (net of dealing fees) but others might be able to. Just bought 20K@4.50p instead.

Never seen a spread like it on these shares!

EDIT: Only lasted 5 mins: now 4.51 to sell and 4.55 to buy; still a tight spread for NTX

[isis] 23/9/2010 11:06

I said 10 years ago that the business model was failed and got a lot of gip for it. The Management had a larf here and even relocated to HK for tax free salaries. imo

[beeezzz] 23/9/2010 10:59

I'm afraid that lisa has been warning everyone about this outcome, so you shouldn't be surprised, I'm just surprised they have lasted this long. Won't be long now thou!!!! the end is in sight.

[pjdeery] 23/9/2010 10:27

workhard/rainfall/etc,
Are you refering to your AFD holding?

[lefrene] 23/9/2010 10:15

psyco, I too would guess that Lewis had a good sales pitch for the institutions. I would also guess that it is only his track record that underwrote the deal. At least the shafted shareholders do have the opportunity of taking part, rather than just see themselves diluted without the opportunity to participate. To justify all the cash over the years NXT needs to be making £20 million a year and more. Sounds a lot but with a global economy it doesn't take more than a handful of successful products to bring in that level of profit. But of course after all these years they still have not managed that trick.

[uggly buggly] 23/9/2010 10:04

Seen NTX on the loser board, haven't been here since the low 40's. Oh dear, reminds me of TAN, let's hope things can turn around for you guys.

[psyco] 23/9/2010 09:59

the funding by these institutions must be based on some good deals coming , maybe a waterproof Ipad :-)))

[lefrene] 23/9/2010 09:56

I'm as hacked off as everyone else, although I can see that without Gartmores support the business would have ground to a halt and the IP plundered in a fire sale. At least the business goes on, has a fresh chance to grow, and with fresh money in the kitty is in a stronger negotiating position with customers. With a businessman at the helm rather than a civil servant, this might come good, but it really is the last chance. Come back in five years and see what happened.

[reddish tinge] 23/9/2010 09:47

"The Issue Price of 3 pence per New Ordinary Share represents a 72.1 per cent.
discount to the closing middle market price of 10.75 pence on 22 September 2010
being the last day prior to the announcement by NOGGIN of the intention to carry
out the The discount has been set by the Directors following careful
consideration of the Company's financial position (including the expected
working capital shortfall in November 2010) and the assessment of market
conditions following discussions with a number of institutional investors. The
Directors are in agreement that the level of discount is appropriate in order to
secure the investment necessary to cover the expected working capital shortfall,
strengthen the balance sheet, restructure the Company and to ensure that NXT is
well positioned for growth as well as to develop some of the Group's existing
products "


In other words they were over a barrel.... they weren't going to get the funding unless it was a steep discount - it was that or go bust.

[workhard] 23/9/2010 09:46

wait for 3p its coming.its a dog share. only idiots would of bought into these.

[substp] 23/9/2010 09:43

It must be bad ....... the internet site is down ...... or did they just shut it off due to the barage of complaints ? This is very p*ss poor in my view .

[irenekent] 23/9/2010 09:34

Not a great day, but should have seen it coming. Thoms tried but even if the science was right, the sales never have been. New guy looks like a last chance. I wonder what the IP is worth? Some of the patents must be near to running out.

[knowing] 23/9/2010 09:21

72.1% discount!! Smells of desperation.

[warmsun] 23/9/2010 09:15

If the offer price is indeed 3p then my guess is the share price will settle at around the 4p - 4.25p mark.......
Not a happy bunny.........

[amt] 23/9/2010 09:14

"The positive is that they have recognised a new business model is needed"

Seem to have heard that before.

[joeblogg2] 23/9/2010 09:13

Another nail in my isa's coffin, first jarvis and now this :((

[folderboy] 23/9/2010 09:10

Positive? How about - now being offered 4.5p . . . time to walk away.

[warmsun] 23/9/2010 09:10

Agreed...but I would have preferred to never have been a shareholder here and now take a view on forward prospects and whether I should invest or not.....if you follow?

[colsmith] 23/9/2010 09:08

The positive is that they have recognised a new business model is needed. Have long though the sales of NXT based products in the millions generated too little to make worthwhile; but the fact that there are products out there suggests that there is a commercail market that can be sweated. So maybe the new way of operating will give NXT a Phoenix rise.

[sirshagalot] 23/9/2010 09:01

pi,s co cash cows.
nothing new there lol.

[warmsun] 23/9/2010 08:58

I have stayed with these for a very very long time...but am currently a very disgruntled shareholder......... what more is there to say......?

[amt] 23/9/2010 08:54

Actually at 3p makes people take up the offer or face massive dilution I suppose.