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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Retec | LSE:RET | London | Ordinary Share | GB00B05KXB62 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.35 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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24/4/2008 20:55 | flogging em chap coz noone else wants em!! Hmmmm!! sounds familiar! | pomp circumstance | |
24/4/2008 19:03 | Regarding the placing: I gather that there may possibly be a few extra shares available for existing PI shareholders if they ask nicely (nudge nudge, wink wink) at 2.5p/share. The shares would be EIS qualifying needless to say. It's worth remembering that the directors are subscribing at 2.5p without any EIS tax breaks. If you can get in for 2.5p, that will only cost 2.0p after the income tax refund and there would be no capital gains tax liability if you get out for a profit after 3 years. Food for thought. | timbo003 | |
23/4/2008 07:13 | IAB Anyone 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! | pomp circumstance | |
22/4/2008 23:23 | You would have to dig back over the thread as I cannot remember. Sorry. | knowing | |
22/4/2008 23:12 | Knowing .... what was the price ? | imabastard | |
22/4/2008 22:53 | This was pushed by a tip sheet at a much higher price so many waiting to unload. | knowing | |
22/4/2008 22:51 | Pomp .... so, you're not bitter then .... | imabastard | |
22/4/2008 15:56 | Pomp .... depends if he's given the same reins that he enjoyed elsewhere .... could be a totally different set of privaleges, remit, authority and circumstance .... | imabastard | |
21/4/2008 07:17 | Press Release 21 April 2008 RETEC DIGITAL PLC ("Retec" or "the Group") Development of movie download kiosk Retec Digital Plc, the multi-channel marketing services company and one of the UK's largest provider of guided selling solutions is pleased to announce that, in conjunction with Galway-based media distributor Porto Media, it has developed a new movie download kiosk, which allows customers to download DVD quality movies to a flash memory ("Movie.Key") in less than 15 seconds (a rate of 100Mbytes per second). The software developed for this kiosk enables the customer to select, preview and pay for a specific title - giving them the option to pay for it either for a set period of time or to own it outright. The `Movie.Key' can then be plugged into the USB port of a Set Top Box, computer or mobile screen for flexible viewing on the go or at home. Retec's dynamic and intuitive user interface is mapped to the specific profile of the customer, making it a truly personalised and engaging experience. The kiosks will initially be rolled out to retail outlets within Galway, Ireland in 20 locations, with plans for further roll outs to retail chains across the UK and Europe later in the year. John Cole, CEO, stated: "This is a significant innovation that has taken the industry by storm, and we are delighted to be working in conjunction with Porto Media. Once again this demonstrates the value of Retec's solutions for our clients in providing an innovative and engaging customer experience. We are looking forward to continuing our relationship with Porto Media and rolling out this solution to further retailers across the UK in the near future." - Ends - For further information please contact: Retec Digital PLC 01455 222260 John Cole, Chief Executive | teddybear5 | |
18/4/2008 14:58 | Fair price...infact a good price for a small cap to raise good funds, not many could get bid price to do it. | 8trader | |
18/4/2008 09:22 | 18 April 2008 RETEC DIGITAL Placing and Subscription to raise £0.71 million Retec Digital Plc ("Retec" or the "Company"), the multi-channel marketing services 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. | currypasty | |
09/4/2008 17:54 | 8Trader .... well, you can certainly buy in now at lower pricing .... | imabastard | |
07/4/2008 23:15 | LOL - such a moronic username just reveals all there is to know about you ! | masurenguy | |
07/4/2008 20:50 | .... yawn .... bruised ego .... stop crying .... learn from it .... ...... end of ......... | imabastard | |
07/4/2008 18:49 | .... perhaps you will learn .... if nothing else .... that innacurate snidey innuendo is not welcome .... nor will it ever be .... had you simply written .... "despite the increased volume, this only equates to £4k" .... fair enough .... but no, you felt it neccessary to insist to all posting on here to "get it in perspective" .... adopting the role of a sage who, with a eureka moment, was, through sheer compassion and sympathy, enlightening all other lesser mortals .... when the simple reality was that nobody had it OUT of perspective in the first place .... I can hear you now .... "Tarquin, I told them .... I did, I told them, the value of investment was a mere trifle .... there they were festooned across their desks revelling in the enormity of sentiment toward the stock .... but I put them straight .... I did, I told them .... after all, they needed to be told .... stroke my brow again Tarquin, I'm perspiring " .... ... delusions of grandeur ! | imabastard | |
07/4/2008 17:55 | .... yawn .... | imabastard | |
07/4/2008 14:26 | Lets get some perspective here - todays trading volume constitutes less than £4000 in value as at 2.15pm ! | masurenguy | |
07/4/2008 13:39 | .... when buying calms, the spread will narrow to where it was this morning I guess .... | imabastard |
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