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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Retec | RET | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.35 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.35 | 0.35 |
| Top Posts |
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Posted at 19/11/2010 06:18 by timbo003 To answer the EIS question in my previous post, I opted to e-mail the company.See correspondence below I think I will probably do a small top up, it feels like that a profitable exit is around the corner #################### Question: Hi Charles Quick question: What would happen if an investor subscribed to new shares under the offer, then claimed the EIS 20% income tax relief and then the company were bought out within 3 years (which seems a possibility), would the investor retain the 20% income tax relief, or would it have to go back to HMRC? Many thanks Kind regards Tim #################### Answer: Tim If the shares are sold within 3 years of issue for a price equating to no less than the subscription amount, yes income tax relief (and CGT exemption) is withdrawn and the investor would have to pay back 100% of the income tax credit. However, I would hope we are all happy at that point! If sold for less than the subscription amount the income tax relief is proportionately withdrawn with partial repayment of income tax credit kind regards Charles |
Posted at 02/4/2009 13:48 by wonder boy Don't know if anybody still checks in here but...You can get added to the email distribution list for the RET investors quarterly update by emailing charles.mckay@retecd I've just done it and the 31st March letter was quite good. |
Posted at 11/6/2008 13:28 by masurenguy Good spot timbo003 - worth posting for easy reference. I note that this was originally written by Tom Bulford for The Penny Sleuth..................... The hi-tech kiosk promising vintage returns By Tom Bulford for The Penny Sleuth 11.06.2008 The other day I had to endure the agony of buying a pair of shoes for my son. As usual the store was overcrowded and untidy and what few staff there were just stood about watching as we attempted to find the right style and the right size. It drives me mad but is the penalty we have to pay for being able to buy goods at low prices. This 'pile it high, sell it cheap' formula has been a successful one for many a retailer, but it does have its limitations. Take wine for example. I don't know much about wine, so when I am in the supermarket I just look for a wine that is the right colour, the right price, and yes, I admit it! has a nice label. But the supermarket, and no doubt the producer of the wine, would like me to be a bit more sophisticated than this. They would like me to trade up, and spend more. How can they achieve this? One way would be to train an army of experts, and have them linger in the wine department of each store. This is not going to happen. Supermarkets do not train staff, because they have no expectation of keeping them. But what they can do is to copy the on-line wine retailers. They can make information available on a screen. We are, after all, becoming more familiar with screens. We all use an ATM, we buy train tickets from the automatic machines, and at the airport we check ourselves in at the kiosk rather than stand in a long queue. So retailers now have the idea that information on wine, for example, can be made available on a touch screen placed on a small stand in the wine department. There you can learn which full-bodied red would suit your barbecue, or which dry white would wash down a nice Dover sole. But all the time, of course, the aim of the retailer is to steer you in the direction of a more expensive wine than you otherwise would have bought. These touch screens will soon be introduced into the wine departments of certain supermarkets and they will have been supplied by Retec Digital (RET), a small AIM-listed company valued at just over £4m. Last week I met Retec's founder John Cole and finance director Charles Mckay and they told me that, although they were seeing some hesitancy in the current climate, they had an excellent pipeline of new business and felt that Retec's digital display units were finally making a breakthrough in an industry that has been much hyped. For the last few years a number of small players in this industry have been spouting the same mantra. That more advertising will be devoted to the 'in-store environment' because this is where 75% of purchasing decisions are made and that digital message boards are far superior to paper posters because they can be changed at short notice, programmed remotely and can offer sound, music and action rather than just a static image. By hanging large screens from the ceiling or placing them on the actual supermarket shelves shoppers can be guided around the store and given irresistible urges to grab products and thrust them into their trolleys. With supermarkets more than adept at ensuring that others pay for such experimental investments much money has been lost in this area, and shares such as Mediazest (MDZ), Avanti Screenmedia (ASG) and Screen FX (VMG) have cost investors plenty. Most of these pioneers failed because of the difficulty of proving a link between the screen image and subsequent purchasing behaviour. So the crucial attraction of Retec's product is that its use can be clearly linked to higher sales. This is partly because these information terminals, or 'kiosks', can do more than just provide information to the customer and check the availability of items in store. By having the customer present his loyalty card, the retailer can capture his or her identity and by incorporating chip and pin systems, shoppers can actually make a purchase at the kiosk. So big retailers seem to be finally acknowledging the advantages of such terminals and Retec's customers include Tesco, Sainsbury, Argos and Boots, to which it either sells directly or through a partnership with IBM. And it is an example from Sainsbury that really proves the worth of Retec's proposition. Retec supplied the supermarket giant with its 'Entertainment Xtra' display stands. These stands display DVDs and, through a number of screens, enable shoppers to watch a brief preview. For Sainsbury and Retec the deal works something like this. Sainsbury pays for the Entertainment Xtra unit but it then quickly recoups its investment by selling display and advertising space to the DVD suppliers. Retec then makes its money through a service contract, the main element of which is to provide the screen content which is devised at its office in Lutterworth. The result is that Entertainment Xtra has boosted Sainsbury's sales of DVDs by 24%, making its investment very well worthwhile. So Retec is going strong, and in its latest half-year delivered to its customers over 2,500 units, which will underwrite its service-based income in the future. Market forecasts suggest that it will achieve earnings per share of 0.3p this year, rising to 0.7p in 2009, putting the shares on a 2009 PE ratio of just under four. Retec is a minnow in a stock market that is currently turning a blind eye to micro-caps. But with big retailers finally convinced of the merits of digital, in-store display units and now thinking of rolling them out to other departments such as electrical goods and DIY, Retec could be the company in this hitherto disappointing sector that finally achieves stock market success. |
Posted at 23/4/2008 07:13 by pomp circumstance IABAnyone who sees a director fleece the company of its value should be be bitter and use that experience to steer clear again. The LSE allows directors the freedom to beocme repeat offenders. As I said theres enough companies out there to invest in so one can chose to avoid directors who have performed poorly in the past. Unfortunately often there is little information for new investors to see what people HAVE done in the past. thats why these boards are useful to allow people to flag up concerns they have, hopefully without being too defamatory. I could post a whole lot more, but all I will say is be careful with this one, and have a look what happened at at a company a certain diretcor was involved in! |
Posted at 18/4/2008 09:22 by currypasty 18 April 2008 RETEC DIGITAL Placing and Subscription to raise £0.71 million Retec Digital Plc ("Retec" or the "Company"), the multi-channel marketingservices company, is pleased to announce that, subject inter alia to the approval of its shareholders, it proposes to raise approximately £0.71 million by way of a placing and subscription of 28,226,000 new Ordinary Shares ("New Ordinary Shares") at a price of 2.5 pence per ordinary share ("Placing and Subscription"). The Placing and Subscription has been undertaken to provide additional capital to: * accelerate product development (either organically or through third party licenses); * develop sales and channel partnerships; and * make selective acquisitions. Background to and reasons for the Placing and SubscriptionRetec is a multi-channel marketing services company engaged in the design and delivery of kiosks and screens to provide information to consumers. Over the past 18 months, the demand for Retec's Guided Selling and Self Service solutions has grown significantly amongst blue chip retail customers. These solutions are gaining traction with major retailers, most notably in the areas of entertainment, wine and electrical. In turn these innovations have opened up the opportunity to penetrate other areas of the store, and additional funding/ resources will significantly improve our ability to bring these new ideas to market. This will take the form of both development resource and sales account teams. In addition, we are seeing greater demand from our business partners, specifically to launch our products and services into other territories within Europe. Finally, as we grow, there are certain key skills that we can infill within the business that will further enhance our ability to take products and services to our customer base. We would therefore benefit from being in a stronger position to exploit any possible opportunities to acquire businesses that operate in similar or associated markets to us. This would give access to new customers, enable us to cross-sell products and services, and reduce unit costs. The Board has identified a number of opportunities that it believes would accelerate Retec's growth plans, and help to keep pace with the demands of its customers and partners. Details of the Placing and SubscriptionThe Company is proposing to raise approximately £0.65 million (net of expenses), by way of a Placing and Subscription of an aggregate of 28,226,000 new ordinary shares at 2.5 pence per share with institutional and other investors. The Placing and Subscription are both conditional on the passing of the resolutions set out in a notice of extraordinary general meeting, which will be posted to shareholders today. The New Ordinary Shares will represent approximately 18.32 per cent. of the fully diluted share capital of the Company as enlarged by the Placing and Subscription. The placing price of 2.5 pence per ordinary share represents a 9.1 per cent. discount to the mid market closing price of 2.75 pence per ordinary share on 17 April 2008. The Placing and Subscription is not a rights issue or open offer and the New Ordinary Shares will not be offered generally to shareholders on a pre-emptive basis. The Directors believe that the considerable extra cost and delay involved in a rights issue or open offer would not be in the best interests of the Company in the circumstances, and accordingly, the Board considers that it is in the best interests of the Company and Shareholders as a whole for the funds to be raised through the Placing and Subscription. Conditional on the passing of the resolutions at the extraordinary general meeting, application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that trading in the New Ordinary Shares will commence on AIM at 8.00am on 13 May 2008. The New Ordinary Shares will, when issued and fully paid, rank equally in all respects with the existing ordinary shares, including the right to receive any dividend or other distribution declared, made or paid after the date of their unconditional allotment. Following Admission the Company will have 154,060,141 ordinary shares in issue. Of the Directors, Sir Brian Ivory, John Cole, Ian Deste and Charles McKay, have participated in the Subscription. The Directors' respective interests in Ordinary Shares are set out in the table below. As at the date of this document and following completion of the Placing and Subscription, the Directors will have the following interests in ordinary shares:Name of Existing Percentage SubscriptionShares Enlarged Percentage Director of of shareholding subscribed shareholding existing share following capital ordinary the share following Placing and the capital Subscription Placing and Subscription J Cole 4,800,422 3.88% 800,000 5,600,422 3.64% I Deste - - 80,000 80,000 0.05% B J Ellis 1,145,833 0.91% - 1,145,833 0.74% R Hayim - - - - - Sir Brian 2,150,000 1.71% 400,000 2,550,000 1.66% Ivory C R H 440,000 0.35% 800,000 1,240,000 0.80% McKay Other than the Directors referred to above, as at the date of this document and following completion of the Placing, the Directors are aware of the following interests that are or will be held directly or indirectly in 3 per cent. or more of the issued ordinary share capital of the Company:Name of Existing Percentage Placing or Enlarged Percentage Shareholder of Subscription of shareholding Shares shareholding existing share subscribed following capital ordinary the share following Placing and the capital Subscription Placing and Subscription Meadowside 18,617,166 14.80% 10,000,000 28,617,166 18.58% Leasing Limited C Dunkerley 4,964,610 3.95% - 4,964,610 3.19%Related Party TransactionAs set out above, Meadowside Leasing Limited, Sir Brian Ivory, John Cole, Ian Deste and Charles McKay have participated in the Placing and Subscription and as such are considered to be related parties for the purposes of the AIM Rules.The Independent Directors, having consulted with Charles Stanley, the Company's Nominated Adviser, consider that the Placing and Subscription and the participation by Meadowside Leasing Limited, Sir Brian Ivory, John Cole, Ian Deste and Charles McKay is fair and reasonable insofar as shareholders are concerned. Extraordinary General MeetingIn order to give effect to the Placing and Subscription, an extraordinary general meeting of the Company, to be held at the offices of Edwin Coe, 2 Stone Buildings, Lincoln's Inn, London WC2A 3TH is being convened at 11.00 am on 12 May 2008. Irrevocable undertakingsThe Company has received irrevocable undertakings to vote in favour of the resolutions from shareholders holding 40,533,277 ordinary shares in aggregate, representing approximately 32.21 per cent. of the existing ordinary shares. TimetableLatest time and date for receipt of Forms 11.00 a.m. on 10 May 2008 of Proxy for use at the Extraordinary General Meeting Extraordinary General Meeting 11.00 a.m. on 12 May 2008 Expected date of admission and 8.00 a.m. on 13 May 2008 commencement of trading of the New Ordinary Shares A circular setting out details of the Placing and Subscription has been posted to shareholders today. Copies of the circular will be available free of charge during normal business hours on weekdays (excluding public holidays) from the date hereof until the date falling one month after the date of Admission from the offices of Charles Stanley Securities, 25 Luke Street, London EC2A 4AR. |
Posted at 07/4/2008 12:43 by imabastard ...... but presumably if "sales are growing quickly", their financial position will improve quickly .... and the current price doesn't reflect what RET will be as opposed to what RET is at present .... 8Trader you expressed a keen interest in this stock earlier .... why would 3p be a missed price if it goes back to 4.5p .... 40% - 50% .... there have been a number of 'over market size' buys today, so some investors are agreeing with your earlier analysis .... |
Posted at 18/3/2008 16:46 by timbo003 I went to a Charles Street Securities (CCS) investor meeting yesterday morning, Retec had a 30 minute slot, I was quite impressed. John Cole (the CEO) reckoned they will have £7M turnover this year and a small profit and he was quite bullish regarding growth potential, with details of how Retec would acheive this.Gerry Mizrahi (big cheese at CCS), stated that he thought that Retec should spend profits on share buybacks to get the share price up some, and then go for a sale at 8 - 10p within a fairly short time frame. John Cole disagreed, and said they should continue to spend spare cash on organic growth and acquisition and look for a sale (to IBM or NCR) at around 20p/share in a longer time frame. Either of those would suit me! |
Posted at 24/1/2008 10:30 by masurenguy The January 5th UK Microcap tip for Retec is being emailed to the Imteractive Investor database today. |
Posted at 06/1/2008 22:01 by run rabbit Hi TD I agree it should be interesting tomorrow.This has been a relativly unknown stock and the tip has bought it to the eyes of potential investors. |
Posted at 05/1/2008 17:50 by dollarhogger Hi guysThought you might like to see this.... Buy Retec Digital at 3.75p Says exclusive small cap specialist website UKMicrocap.com The Investment Case: Retec Digital (RET) operates digital point of sale 'guided selling' and self service technology applications. It boasts a blue chip client base and is benefiting from the need for retailers to compete with online information. The stock currently trades on a June 2009 multiple of just over 5 times. Sponsored by Cornhill Asset Management Open a FREE account with Cornhill Asset Management* for access to institutional pre-IPOs. Exceptional performance - proven and published track record, independent research and traditional service Company Description: Retec was formed in 1999 and has since grown organically and through the acquisition of InStore Interactive in 2004. In 2006 it listed on AIM through the reverse takeover of Elite Strategies, and acquired two subsidiaries, Retec Interface Limited and Media 4 UK. The group provides retailers with a product offering known as 'Guided Selling packages'. This is based on a touch screen technology which customers can interact with to perform several functions. Customers of Retec's clients can use the screens to search for a product, to preview a DVD or even to top up a mobile phone and for many other functions. The major selling point of the product is that these screens can increase sales and improve customer satisfaction. Retec has recently rolled out several large contracts with big retailers such as Tesco and Sainsbury and in partnership with IBM for Argos Woolworths and Boots. Retec Interface is providing its Entertainment Xtra product to both Sainsbury's and Tesco. This is a product that is deployed in the Home Entertainment departments of these retailers, providing customers with the opportunity to preview music, films and games ahead of the purchase decision. Retec now has this system in 171 Sainsbury's and 39 Tesco stores. In partnership with IBM UK Limited, Retec has gained work from Alliance Boots, Argos and Woolworths during the year. The work for Alliance Boots is to replace 1,200 Advantage Card kiosks in 500 stores. The company's last set of results covered the 12 months to 30th June 2007. The figures are not comparable to the previous period as the company was previously a cash shell and the acquisitions over the year of Retec Interface and Media 4 have significantly changed the group. Revenues for the period stood at £4.07 million with a pre-tax loss of £0.843 million and a loss per share of 0.87p. On a like for like basis revenues in the core Retec Interface business grew by 142% to £4.5 million in the year to June 30th 2007. Gross margins increased from 8% to 26% and losses before tax were reduced by 60% to £425,000. Net cash at the end of the period stood at a healthy £1.044 million, boosted by a £1 million fund raising over the year. Management: Retec is led by John Cole as CEO, with over 25 years in the retail sector, and specifically in point of sale operations. He founded Retec in 1999 with the goal of creating an interactive point of sale technology offering a broad level of functionality. Sir Brian Ivory is the chairman, and was formerly the head of Highland Distillers Plc. He is also a non executive of various public companies including HBOS and Remy Cointreau SA of France. Bull Points: - Blue chip client base - Predictable revenue streams ahead - Operates in a specialist, growing sector Bear Points: - Currently loss making - Exposed to retail and consumer spending cycles - Came to market via a Stephen Dean cash shell. Dean is out but his past association does not help *The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Smaller company shares can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. Cornhill Asset Management Limited is an Appointed Representative of Argyle Investment Advisors Limited which is Authorised and regulated by the Financial Services Authority. UK-Analyst.com is owned by t1ps.com Ltd which is authorised and regulated by the FSA and can be contacted at 5-11 Worship Street, London EC2A 2BH or on 020 7562 3370. Assessment and 2-year Target: With several pilot schemes underway for new and existing clients the company's sales pipeline looks good, especially at Sainsbury and Tesco where feedback on the current Entertainment Xtra systems has been good from both a sales and customer perspective. There is potential to expand out of the entertainment sections of these stores and pilots are underway at Tesco for putting products in another part of the store. In the pipeline the company also has pilot schemes with Asda and its partnership with IBM is producing leads. Year to 30th June Sales (£m) Pre-Tax Profit (Loss) (£m) Fully Diluted Earnings (Loss) Per Share (p) PE Ratio 2007A 4 (0.825) (0.87) NA 2008E 7.5 0.5 0.32 11.7 2009E 9 1.3 0.72 5.2 For the year to 30th June 2008 we expect Retec to post revenues of £7.5 million, with pre-tax profits of £0.5 million and fully diluted earnings of 0.32p. This puts the shares on a current year multiple of 11.7 times earnings falling to a bargain 5.2 in 2009 on the back of 0.72p of earnings. Strip out net cash of 0.8p a share and the rating looks even less demanding. This is a relatively early stage company and has it all to do to win new contracts, but good progress has been made on this front already and we are confident that 2009 could be a big year for Retec. We believe that a mid-teens multiple would be fairer for this stock and on that basis we can see the shares trading at 5p by the second half of 2008. Buy. Key Data EPIC: RET Market: AIM Spread: 3.5p 4p (12.5%) UKMicrocap.com is unashamedly elitist in its approach. We are elitist in that we restricting access to this site to just 200 investors. That means that when we recommend a stock our members can buy shares in that stock at, or near to, the recommended price without being trampled in the herd. If you would like to join the waiting list to join UKMicrocap.com click here. Good luck $ |
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