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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sarantel A | LSE:SLG | London | Ordinary Share | GB00B9MRZS43 | 'A' ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.30 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
30/5/2013 09:54 | Unusual situation bronco if a customer has full responsibility of company debt. Perhaps the customer told the Bank they guaranteed that they had placed an order with SLG, a way of securing the loan, pre booked military order imo. I think it is extremely unlikely that a customer will foot the bank debt in admin. | wulwirth | |
30/5/2013 09:17 | Quote: don't take it personal, sorry think I may have you mixed up with someone else, read your posts last night and realise you aren't who I thought, hence my sharp response. I have no sour grapes except with penny stock bashers and ramping groups. If I think someone falls within that category I give a tongue lashing lol lol....Personally the above is my pet hate, rather than money. We are all,,,being stripped of our assets, stock market, pensions, homes etc, until the government decide, use spin-doctors to promote verbal wealth, feel good factor in our virtual world. Sorry for the guys that lost money here... It goes like this... Unable sell not viable, unless integrated into existing business. No buyer found so far. Admin step after Wither has to inform them by law, insufficient funds to trade. Administrator pay the Bank first. The administrator become wealthy for handling the company in administration. Creditors get zero. Shareholder get zero. A late buyer is found remains extremely bleak for investors. | wulwirth | |
30/5/2013 00:49 | wulwirth, well named, bust like woolworths. The whole thread tells a diferent story .. don't take it personally mate.. learn from it. Good luck with your next penny share. | woracle | |
29/5/2013 23:45 | Gelp speak to woracle he will sort it for investors lol, he lost a packet, sour grapes. | wulwirth | |
29/5/2013 23:20 | How come HSBC let £2 million quid when you and I don't get a look in? That is unbelievable. What security? VCT'S got sucked in - that is totally believable, they do that quite a lot - only £40 million of trusting investors money who believe that if they get tax relief the investment is guaranteed, and that low risk means no risk. Guess someone will pick up IP/process for a song and will end up overseas. Britain's Silicon Valley - More like Death Valley. Don't blame inventor - whoever it was. This is an example of incredible overpaid incompetent management who did not have a clue how to run a business to make a profit when opportunity was handed on a plate with millions as well! | gelp | |
29/5/2013 20:22 | woracle what are you on, sniffing old pants lol, cheerleader uh, posted about 6 times, are you real or cardboard cut out...probably lost your money and hold grudge, try to blame someone else for your stupidity investing here imo... | wulwirth | |
29/5/2013 19:28 | bye bye SLG..bye bye chief cheerleader wulwirth. It does show that spotty vcts and bank managers at HSBC don't have a clue about technology companies. sorry for all those that got suckered in over the years and the staff who were betrayed by incompetant management who will probably never work again in the industry. I think SLG probably should be on every tech investors radar as a classic example of how to spot that rare species nowadays.. a hyped dot domb dinosaur. No more gravy for the board. | woracle | |
29/5/2013 14:11 | BANG she goes... RNS 15.20 today.. Further to the announcement earlier today, the Board of Sarantel ("Board") has concluded that there is insufficient probability of concluding a sale of the operating business and has therefore requested a suspension from trading on AIM in the Company's shares until such time as the Company's financial position can be clarified. In addition the Company is commencing the process of appointing administrators to Sarantel Limited, the Company's operating subsidiary. | wulwirth | |
29/5/2013 13:52 | And hopefully Wither is confined to the corporate dustbin | plunge | |
29/5/2013 12:51 | If the IPR are worth anything and IF they are already vested in Sarantel Ltd (the vehicle for the sale)a sale of the subsidiary will still be the exit route whether by the board or the administrator. If no one wants the technology then questions might be asked about the good faith of the directors and past statements to shareholders. 2012 Accounts stated: "During the year, Sarantel agreed a £2m secured loan facility with HSBC Bank plc in order to provide sufficient working capital to service the large order, received in February 2012, from a leading military radio manufacturer, which formed part of a multi-year supply contract." If the contract is "multi-year" you would think they might slim down to just service that one - minimal overheads and just direct costs of supply (outsourced) and servicing. Then do a deal with various large electronics/communic The balance sheet at 30 September 2012 showed total equity as just over £1m and this included patents included at £1.7m !!! So it looks unlikely there will be anything for the shareholders IMO. Of course you will do your own research and make up your own minds. | cliffpeat | |
29/5/2013 11:26 | They also never do a 7am RNS like the rest of the market, it's 10.54 for some reason. | broncowarrior | |
29/5/2013 11:25 | Latest RNS, the funeral march has started. Disgusting running of a company, absolutely appalling. | broncowarrior | |
28/5/2013 00:10 | If a company likes the tech it will be better for them to pick this up at a bargain price (.2ish) rather than risking administration and trying to pick over the pieces then.Re HSBC loan, whoever provided the guarantee for that is on a hiding as I don't believe the loan was secured against the company. Did the guarantor take security against the company in turn though?It's a mess, never enough cash flow. | broncowarrior | |
27/5/2013 21:34 | Thanks plunge, all will be revealed vsoon, good or bad, survival or not. imo the product has value with existing sales, expect the cash burn is a big issue. Not sure where it can go from here, sale at low price, probably. | wulwirth | |
27/5/2013 21:13 | wulwirth - I agree the company is on record saying cash will be exhausted by the middle of next month but I cannot recall it saying there was no buyer. I am sure there are buyers, but at what price??? | plunge | |
27/5/2013 20:40 | plunge didn\'t the company say cash has almost run out and that the company hadn\'t found a buyer? | wulwirth | |
27/5/2013 20:06 | wulwirth - my hope is things are happening behind closed doors and not involving SLG's Board. Here is my interpretation of the following statement made in the latest RNS: "......since the end of March 2013 the Board has had extensive discussions with prospective investors and while the Company has received strong expressions of interest from a number of existing and potential new shareholders, the Board concluded that the amount of funding that the Company could secure at this time would fall substantially short of the quantum required. Accordingly, the Board determined that a sale of the operating business would be in the best interests of Shareholders and is pursuing this option with the intention of concluding a transaction as soon as possible." If (and that is a big IF) the Board are to be believed, there are still a number of major shareholders/new investors that believe in the company's underlying intellectual property and potential prospects. However, they have absolutely no confidence in management, like us. Further, I do not believe the Board has ever had the fortitude to determine what is in the best interests of shareholders. Perhaps that is why Uttley stepped down from the Board in April - possibly trying to redeem some credibility. It is my contention that the tail is now wagging the dog and the true owners of the company are calling the shots. Bring on the sale. | plunge | |
27/5/2013 18:02 | Plunge he\'s had wages, as usual investors take a hit, would not wish the end, for shareholder sake. But it doesn\'t look as though the company cant survive on information to hand, unless things are happening behind closed doors. | wulwirth | |
27/5/2013 17:21 | I certainly hope so for Wither & Co. Good riddance to them .... | plunge | |
27/5/2013 16:07 | Looks like the end to me.... | wulwirth | |
27/5/2013 12:56 | In spite of last week's disappointing (but not unexpected) corporate update there are a number of things that are intriguing me. On the 28/03/2013 Foresight VCT offloaded 33,225,445 shares for round 0.205p per share but only advised the Company on 23/04/2013. Where did these go? I don't believe they were absorbed by the investing public. Last week only 32,689,581 shares were traded (2.95% of the shares in issue) of which 17,830,530 or 54.5% were buys. Not exactly the sort of volume one would associate with the perilous state the business finds itself in. So, have some of the major shareholders, perhaps in association with vulture funds, being acting without the Board's knowledge to accumulate? Given that Mortazavi and Hennigan have recently bought shares in excess of £100k each, I expect they are now going all out to preserve their 'ill-fated' investments. Remember, both are international chess masters so there may be some grand play in progress. | plunge | |
22/5/2013 18:38 | I'm not too alarmed by cost overrun on account of liner problems in a sidetrack for PW5, that's a little different from being told, as we were, that the delays at Teesside have been caused by "Inadequate initial design and consequent redesign and modifications to construction along with lower than expected productivity and effects of poor weather" (from the 29/04 Results announcement). Liner problems are normal enough. Finally there seems to be more substance to the shape appearing out of the mist. Perhaps there really will be a ribbon-cutting ceremony this summer at Teesside.. | wbodger |
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