We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Phoenix Copper Limited | LSE:PXC | London | Ordinary Share | VGG7060R1139 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.00 | 16.50 | 17.50 | 17.00 | 16.125 | 17.00 | 1,806,879 | 15:02:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 0 | -1.55M | -0.0124 | -13.71 | 21.24M |
Date | Subject | Author | Discuss |
---|---|---|---|
12/2/2008 13:07 | Stevi- was it actually paid off? For the sums the timing of the settlement is not an issue. VOB had a good stab at valuation earlier post 27899. A cash pile of £141m after all disposals and debt clearance is a good guess. The question is how much money is the next Intel investment in Freedom4 and do Pipex have to match it? That will give an indication of any funds remaining for distribution to shareholders. | fludde | |
12/2/2008 12:34 | Just can't understand why nobody is buying here if there is upside value to be had. Just took another 100k @ 7.27p to add to my sad investment here. Am I the only one left ?lol | stevi1111 | |
12/2/2008 12:13 | If the proceeds are used to pay off debt and invest in freedom4 then there won't be a payout. If that is the case it becomes an all or nothing gamble with potentially very high returns or another "Rabbit" experience! | fludde | |
12/2/2008 10:02 | Anyone know when the payout may be? TIA | sarahbudd | |
12/2/2008 08:15 | Thanks Bob......I worked out a maximum of 10p is up for grabs here. Can't understand why nobody is nibbling at it at these levels. Can you ? | stevi1111 | |
12/2/2008 08:07 | >How come no RNS for this news ? Probably so as not to draw attention to this line in the original statement: "Pipex Communications PLC will also join Intel Capital in this investment." Nothing comes free! A big bung to F4 will further reduce the payout to shareholders (but may of course help F4 establish itself). | veryoldbob | |
12/2/2008 07:45 | Morning all....... How come no RNS for this news ? | stevi1111 | |
11/2/2008 22:15 | Intel, through its VC funding arm, said it will make a "substantial" investment in Freedom4, a London-based WiMAX service provider. | troys | |
11/2/2008 22:12 | Intel and FREEDOM4 Accelerate WiMax Deployment Posted on February 11, 2008 Intel and FREEDOM4 Collabrate to Accelerate Deployment of WiMAX Network in the U.K. Intel Capital Provides Growth Capital to FREEDOM4 LONDON Feb. 11, 2008 In an effort to bring people faster, lower cost and a truly mobile, data broadband technology, FREEDOM4 and Intel Corporation today announced a collaboration to accelerate mobile WiMAX deployment in the U.K. Intel Capital, Intel Corporation's global investment organization, also announced that it has signed an agreement to make a substantial investment | troys | |
11/2/2008 21:41 | VOB oh not wags! | brad44 | |
11/2/2008 20:43 | Ah that must be the marvellously-named M-WAG (Mobile Wimax Acceleration Group): Note the emphasis on "mobile" to distinguish it from Freedom4 and the fact that they're using 2.5GHz. | veryoldbob | |
11/2/2008 20:32 | Article in financial heavyweight, london lite, city and finance briefing...nearly stopped laughing..but anyway,WI Fi Rival set for rollout " A consortium of tech cos today set out plans for the first uk trial of wimax a rival to wireless internet access brand wi fi. wimax supporters say it will offer cheaper and faster broadband on the move to laptops and mobiles. The trial starts in april in maidstone. Nortel and national grids wireless division are among the consortium members" | brad44 | |
11/2/2008 14:19 | Well that explains where some of the sale proceeds will go. Wonder how much PXC's share of the "substantial investment" is? Figures in the last annual report were 1M p.a as a "share of the start-up losses". WiMAX was always going to be expensive to set up and this way Freedom4 gets a wedge before having to go it alone... | veryoldbob | |
11/2/2008 13:23 | FREEDOM4 & Intel Expand UK Wireless Broadband Coverage Fixed wireless broadband ISP FREEDOM4 (formerly Pipex Wireless), which recently began offering the UKs first commercial WiMAX service in Milton Keynes (news), has today announced a substantial new investment deal with Intel Corporation. Pipex Communications PLC will also join Intel Capital in this investment, which is aimed at accelerating the deployment of Freedom4's WiMAX based broadband wireless services: "Intel Capital is a major investor in WiMAX technology and is committed to accelerating the deployment of open-standards mobile broadband around the world," said Arvind Sodhani, president of Intel Capital. "FREEDOM4 has built a top-notch management team and this is a strategic investment opportunity through which we can help facilitate the deployment of wireless broadband in the U.K market." Mike Read, CEO, FREEDOM4 adds, "Following the success of the commercial launch of our services in Milton Keynes, we are in the next phase of our development: making FREEDOM4 the market leader in 'personal' wireless broadband access. The investment from Intel Capital and Pipex Communications will facilitate the roll out of a WiMAX network in other cities around the U.K., providing a truly flexible service to businesses and consumers." FREEDOM4 currently covers Milton Keynes, Manchester and Warwick, including some outlying areas. The ISP also offers a Wi-Fi service, which serves over 33,000 global Hotspots - . Further details about intended coverage will no doubt surface over the coming months. | troys | |
11/2/2008 12:07 | If it's in the Halifax then its:- " ... six times more than Lloyds TSB and all these other banks ..." | donkeystone | |
11/2/2008 11:55 | what is this cash earning us at present? | gryphon2 | |
11/2/2008 11:12 | well there obviously one short there and one long in those last 2 posts lollollol | lloydc | |
11/2/2008 11:01 | this company is now easily worth 25p a share,buy. | propane | |
11/2/2008 10:39 | this company is now only worth 3p a share,sell. | ludlow3 | |
11/2/2008 10:36 | Not sure I've "won". I suspect I'll be a good few pence away from the final figure, but you never know. One possibility that would up the payout would be if Freedom4 is left with some of the debt. I assumed all debt would be cleared with the sale proceeds, but it is possible that some would be left. All should be revealed before the EGM so only a few weeks to go... | veryoldbob | |
11/2/2008 09:25 | ic landsbanki upgrade pxc 2 hold fromreduce with target 9p | lloydc | |
10/2/2008 14:28 | good work vob.they have had two clear rns opportunities to clarify sale proceeds position but have obviously decided to leave the "before adjustments" fudge as our only guide from the company...oh well whats £23m between friends,well about 1p per share actually.so thats 12p instead of 13p!! you win vob! | bubface | |
09/2/2008 22:51 | Apols for the poor maths! 23M it is of course. The retention statement in full follows (from the EGM notice): "The Disposal is being effected for a total consideration of £210 million, on a cash and debt free basis, before adjustments. Subject to the adjustments referred to below, this consideration will be satisfied at completion, save for the sum of £15,750,000 which will be held in a retention account controlled jointly by the Buyer's solicitors and the Company's solicitors from which warranty and indemnity claims and any post-completion working capital based adjustment to the Consideration would be paid (although any such required payments will not be limited to the amount held on retention). The final part of any remaining balance of the retention monies is payable to Pipex on 20 June 2008, unless at that stage there are any unresolved claims under the Sale Agreement, in which event the amount claimed is retained in the retention account pending resolution of those claims. Payment of the Consideration is guaranteed by Tiscali S.p.A." The wording isn't as clear as it could be (when is it ever!), but the second sentence implies the 15.7M is retained from the adjusted amount. This would mean Tiscali handed over 171M initially. And as for the RNS News and company statements - I haven't found one where the sale price hasn't had those two little words "before adjustments" after it. They have simply avoided ever saying what those adjustments were... Edit 10/02: Forgot to add: this is the news report last September that tipped me off to the adjusted price (and it was right here on ADVFN): | veryoldbob |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions