Saltmark Share Discussion Threads

[tomsboy] 09/9/2003 00:02

aandrew
Sorry I thought it already was.

[simonevans] 08/9/2003 21:24

tiredoldbroker - i do agree with you in the main, but with the exception of a shell company with a strong team and/or contacts where the opportunities can be very good. Saltmark is not one of these imo, but there are a few around - Tec-IS, Streetnames, Illuminator, Bullion Resources to name but a few. Shell companies can do extremely well if you get in at the right time. I only buy in when I have confidence in the management team - even then, it is a calculated risk.

[wakeland] 08/9/2003 21:12

Anyone care to speculate on the business interested in reversing into SMK ... a chip van perhaps !!

[tiredoldbroker] 08/9/2003 16:36

I have commented on other threads, when people have claimed that possessing an AIM listing is worth £200,000 to a shell company, that such talk was absolute rubbish. Maybe the SMK announcement that any deal will involve issuing shares at a substantial discount to the suspension price will help to bring that fact home.

In all my years of following the stock market, including my time as a private client stockbroker, I have never known so many shells to be knocking around, chalking up listing expenses and directors' salaries, hoping to do a deal. Supply and demand rules, and if you had a private company which you wanted to reverse into a listed shell, you'd have a lot of candidates to choose between.

So the proof of the pudding is in the eating. A shell company is worth its net assets, maybe not even that much. There is no magical value in be listed on AIM.

[the punk panther] 08/9/2003 13:45

Wrong I'm afraid. I have not bought any shares for over a year. I'm just sitting on them all. Thankfully most have come back into profit. The only ones yet to do so are Marconi (and that will never happen) and SMK. I've not bought any since my first batch as DIR. I just logged on today to find they were the highest climber on the FTSE. I thought I'd check out this BB to see the reason and was confused as to why you and primrose were saying it was a bad day...

I didn't know until godolphin's post 92 that the share had been suspended ho hum. At least I haven't lost that much. Sorry for the comment, but it was unclear as to what was happening. It looked like good news not bad, but then what do I know...

PP (still up on the year - just!)

[tomsboy] 08/9/2003 11:28

Perhaps we could rename it again and call it Phoenix?

[bbinvest] 05/9/2003 08:47

Something seems to be going down?? (& not SMK)

[tomsboy] 04/9/2003 16:09

Greymane

When the ship goes down the buck stops with the captain which was?
Not taken Michael long to sort out some of the real problems.

[tomsboy] 04/9/2003 16:07

Seems someone likes giving to charity another 100k buy.

[tomsboy] 04/9/2003 16:00

Greymane

I also think NF is a great bloke only problem was he could not
see who is real friends were.Listened to the talkers not the doers
an excuse is not as good as a result he could not tell the difference.

[tomsboy] 04/9/2003 11:00

The only problem with poor old NF being kicked out was that it
took so long to do it the company went down the pan.

[bbinvest] 04/9/2003 08:06

Just doing a Greymane, and topping up!!

And another rise today!!!

[abbo64120] 03/9/2003 13:31

We all know it was you BBInvest!

:O)

[bbinvest] 03/9/2003 13:28

A 250k buy - now there's a surprise!

[abbo64120] 28/8/2003 10:02

Come on tomsboy, do tell!

[codoctor] 14/8/2003 15:59

tomsboy,

Which one and how?

codoctor

[tomsboy] 14/8/2003 15:54

At last at least one of the FAILURES has got his just reward.

[tomsboy] 11/8/2003 17:59

One more lunch and the monies gone.