Sarantel Share Discussion Threads

[plunge] 29/3/2013 11:08

It will be very interesting to see whether Wither is going to take part in these latest placings. Will he show real commitment or merely make a token purchase?

[plunge] 29/3/2013 10:54

Apart from Mortazavi and Hennigan taking advantage of the latest placing, it appears they have also been active in the open market. Between the two of them a further 18,774,844 shares have been acquired, that is over and above their previous holding disclosures.

Presumably these were bought after the release of the final results and by taking advantage of the consequent collapse in the share price. By my calculations, this equates to about 25% of the total shares traded between results day and 26 March.

Why this massive 'averaging down' over the previous prices they may have paid? Are they genuine long term investors or are they merely here to make a quick buck !!!

[plunge] 28/3/2013 15:42

Holding(s) in Company

Sarantel was today notified that Ali Mortazavi is beneficially interested directly in 15,687,422 ordinary shares and indirectly (through a qualifying instrument) in a further 15,000,000 ordinary shares, in aggregate representing approximately 3.70 per cent of the Company's current issued ordinary share capital.

In addition, Ali Mortazavi has subscribed for 92,650,328 ordinary shares pursuant to the placing announced on 26 March 2013. On completion of the placing Ali Mortazavi will be beneficially interested directly in 108,337,750 ordinary shares and indirectly (through a qualifying instrument) in a further 15,000,000 ordinary shares, in aggregate representing approximately 11.14 per cent of the Company's enlarged issued ordinary share capital.

Sarantel was also notified today that Michael Hennigan is beneficially interested in 44,587,422 ordinary shares representing approximately 5.37 per cent of the Company's current issued ordinary share capital.

In addition, Michael Hennigan has subscribed for 92,650,328 ordinary shares pursuant to the placing announced on 26 March 2013. On completion of the placing Michael Hennigan will be beneficially interested in 137,237,750 ordinary shares, representing approximately 12.39 per cent of the Company's enlarged issued ordinary share capital.

[johnyee 7] 28/3/2013 10:43

Things looking better for Sarantel.

[plunge] 28/3/2013 08:09

Following on from yesterday, there is some very good early morning volume today. Perhaps the market is starting to recognise the company is not going to go bust and is re-rating it to more realistic levels.

[wulwirth] 27/3/2013 21:00

Some one believes lol

[wbodger] 27/3/2013 20:26

That's true, LSN, I forgot that. That was indeed the kicker.

[lowersharpnose] 27/3/2013 18:44

I thought EnCore's gas storage hopes were dashed after the investigative well didn't turn up the necessary technical characteristics (Star/Petronas were in the driving seat and paying the bills I think). The project was ditched on the results of that well.

[wbodger] 27/3/2013 18:31

The Rough facility could buffer demand for a few weeks. Reminds me (and perhaps you ohisay) that Encore once had plans to use Esmond as a storage facility. (It wasn't economical because of the cost of cushion gas. Ie. they would have had to put some gas in to provide elasticity so they could get it out.) Gas prices are very volatile, if someone had taken that risk and built the facility they'd surely have been coining it last week.

Update to Reserves:


It looks as if the only hold up on Breagh is the onshore work at Teesside so perhaps they are making progress. It will miss the spike - how irritating, it would have helped SLG if they were ready, and helped the country to have another gas stream ready.

[broncowarrior] 26/3/2013 23:01

We are aware of that, this would go to .5 of a penny most likely but if it allowed them to bag a "proper" contractI think most people would take it.

[5uchchi] 26/3/2013 22:24

Can expect share consolidation in the near future in order to raise 4.5M --Not a good news for ordinary investors.Don't get sucked into this

[johnyee 7] 26/3/2013 17:46

If the placing goes ahead they should have enough money to keep going for 2-3 years I reckon

[broncowarrior] 26/3/2013 16:00

I think they would be best off staying well out of it!

[plunge] 26/3/2013 15:51

So it appears that SLG's immediate future is secure. As this news is still to be picked up by the broader market, it will also be interesting to see whether Proactive Investors and XCAP put a positive spin on the latest proceedings.

[broncowarrior] 26/3/2013 15:34

L & G hold a big piece of this interesting.

They need to do that bigger placing and try to get a consumer order.

Would have liked to have seen Mr 200k reduce his salary to help things along and perhaps take shares or options instead.

[plunge] 23/3/2013 15:21

Antenova Limited - Integrated Antenna Solutions



Here is a private company that may be interested in acquiring Sarantel. In my opinion the following reasons make it a compelling proposition:

1. It also has GPS offerings but these appear inferior to SLG technology.
2. It also works actively in the 2.4 GHz space; According to Wither SLG claims to have set a new industry standard here.
3. It also has a very close ties with the University of Sheffield.
4. Its head office is in Cambridge, so not too far from Wellingborough. This will make any rationalisation between the two businesses straight forward.
5. This will provide it with an opportunity to go public.

Whatever happens, time must be running out for Sarantel to remain independent.

[plunge] 22/3/2013 17:06

wulwirth

A distinct lack of volume today together with a 86% bid/offer spread suggests nothing other than MMs playing games.

Until Wither & Co. remove the uncertainty they have created about this Company's ongoing viability, the market is pricing its stock as kaput.

[wulwirth] 22/3/2013 15:27

Up - 17.65% who let the cat out.....

[plunge] 21/3/2013 08:03

Yes - With all the uncertainty he and the Board have created in connection with the company's future, it is no wonder the share price has collapsed.

Let us spare a thought for SLG's staff. Presumably they are just as exasperated with management as are the suffering shareholders.

[broncowarrior] 20/3/2013 23:28

Mr 200k needs to provide an update.

[mark knopfler] 20/3/2013 09:36

Some would argue that that would be a little too little, too late.

[plunge] 20/3/2013 09:28

buggy

Agreed. But I believe the Board is equally clueless and also has to shoulder the blame. After all, they have presided over this unsatisfactory state of affairs for far too long.

Right now our only hope is for the major shareholders to take a more activist approach and clear out the dead wood.

[buggy] 20/3/2013 09:09

Plunge,

You tend to forget the team that will have to sell the IP. I wouldn't trust this management to give away a free holiday, they will inevitably balls it up.