Retec Share Discussion Threads

[masurenguy] 31/1/2007 18:42

Thanks Dusseldorf - that's quite a comprehensive source of data.
Incidentally why Dusseldorf - do you come from there ?

[dusseldorf] 31/1/2007 18:26

Directors and friends hold 24m - RNS now there:


You have to see all the RNS's ....but worth reading because they also issue 4m ish in warrants to subscribe for further shares at 2p - as yet unused. I'm sure if you did further research you'd find all the extra placees in the above RNS are linked to one or more of the directors (or ex-directors)

Director John hand QC- 1m warrants at 2p


Ex-Director Vincent Nichols - 1m warrants at 2p - holds 140,000 already - Resigned


Director Brian Ellis - 625,000 warrants at 2p - holds 250,000 already


Director John Cole - 1,983,350 warrants at 2p - holds 442,992

[masurenguy] 31/1/2007 18:15

Cheers Hastings.
Dusseldorf claims that the directors own 23.5m shares but this does not seem to square with your data. What is your source ?

[hastings] 31/1/2007 18:06

Director Holdings John Cole CEO 442,000
Brian Ellis non exec 250,000
Sir Bryan Ivory Chairman nil
Charles McKay Finanace Director nil

[hastings] 31/1/2007 17:23

Masurenguy, hope this helps.

[masurenguy] 31/1/2007 17:14

We both think that the company is a good prospect but I don't know why you think that the directors should be buying now if they already have nearly 20%.

Is there an available list of shareholders ? It would be interesting to see how many each director owned and who are the major external shareholders.

[hastings] 31/1/2007 17:12

Director Holdings John Cole CEO 442,000
Brian Ellis non exec 250,000
Sir Bryan Ivory Chairman nil
Charles McKay Finanace Director nil


Personally i have no hang ups about the Director holdings, Chairman and FD will no doubt buy as and when. There are also options i believe, which should be a good enough incentive i would have thought.

[dusseldorf] 31/1/2007 16:39

Don't get me wrong I still think Retec is a good prospect, but let the numbers do the talking, not the directors who are sitting on 100% paper profit on their last investment and have not followed it up with a single purchase...yet

[dusseldorf] 31/1/2007 16:32

Masurenguy - Was a guess at 28m, was actually 24m

Retec used to be ETS before finalising the reverse aquisition - which we all knew was the plan, ETS(now Retec) directors subscribed to a discounted placement in 2005:

From interims a while ago

Refer to subnote 5 - Called up share capital (below the numbers)
On 13 October 2005, the company issued 23,585,714 0.5p Ordinary shares at 2p
per share.

Unfortunately ADVFNs news seems to be knackered at the moment not allowing pre 2006 on 'ETS' ticker (as is lse), but if anyone has access to pre-October 2005 RNS releases for ETS you could see....I believe it was directors and a couple of their mates

[masurenguy] 31/1/2007 15:59

Dusseldorf - what is the source of your information ?
Also, if directors subscribed 2p per share for 28m shares (which is £560K) two years ago, when it was still a private company, why would they feel the need to add more at this point when they already hold 22.5%.

[hastings] 31/1/2007 15:49

Well clearly someone thinks the shares are worth buying and is it not true that the Chairman and FD were not around back in 2005?

[dusseldorf] 31/1/2007 15:19

I think you'd have to be brave to take the plunge at these levels. Directors buying reasonable amounts would help as they have showed no confidence in the stock since issuing themselves 28,000,000 (ish) shares at 2p (yes below market price), back in October 2005.

[currypasty] 31/1/2007 14:38

needs another tick up on the bid, break over the recent (18 month !) trading range

[masurenguy] 31/1/2007 14:18

The spread has really expanded to almost 20% today - the widest that I've seen.
Sells exceeding Buys by 60/40 today and yet the share price is up by 10% !
Are they trying to root out some profit takers in order to fill some larger orders that they have in the background ?

[vuelands] 30/1/2007 20:29

Well worth watching,no hurry, but looking promising.

[hastings] 30/1/2007 16:27

Interims due out end of Feb, so we should be able to judge more then.

[hastings] 29/1/2007 16:33

Forecast to be near break even this year, £970K profit 2008.

[dusseldorf] 29/1/2007 16:32

Market cap nearly £5m, are they actually making any profit yet (after tax depreciation etc)?

[hastings] 29/1/2007 16:28

According to the Company, income in relation to the Sainsbury contract has two elements to it. Part is derived from the direct selling of hardware with advertising being secondry.

[masurenguy] 29/1/2007 15:04

Well Retec can't lease/rent the system to their customer AND share in the advertising revenue unless they are just taking a commission on sales.
I'm not sure what you mean when you describe the advertising element as being 'additional' !

[hastings] 29/1/2007 14:58

Hi Masurenguy, the piece above, is from an interview in Screenmedia magazine and it implies that the systems are leased or rented, while the advertising element is additional,this is being partnered with ABC Media. The CS note which estimates profits of £950k- 2008, talks of the potential advertising element, in addition to the main contract but being included in part to their figures.

[masurenguy] 29/1/2007 14:24

Hastings - I believe that Retec uses two different marketing options.

1. Customer leases/rents the system but sells it own advertising platform and retains the advertising revenue.

2. Retec supplies the system to the customers premises at their own expense but they sell the advertising platform and retain all advertising revenues.

If this is the case (and correct me if I'm wrong) which option is applicable specifically to Sainsbury and what options apply to their other main customers?

[hastings] 29/1/2007 14:03

Another interesting piece from last summer, gives an idea of potential revenues. Sainsbury's has been trialling interactive kiosk technology since the summer of last year. The system, which has been on test at eight store locations around the UK, is being expanded to around 100 stores by the end of October of this year. Retec Interface is the supplier in what is a three-year, £5m project for the firm, which will see Sainsbury's using ABC Media to sell advertising on the screens.