Senterra Egy Share Discussion Threads

[wertyi13] 18/12/2004 09:47

Maybe this is available:

www.screen.com is a parked domain

This is the result I got from Yahoo Finance when looking for company inf:.
There is no Profile data available for SEN.L

This was available:
SHORT TERM COMMENTARY
Short term trend is strongly bearish, trendline slope is negative. Levels over 1.7964 can act as a resistance if price bounces up.

Market Cap: 742.55K£

Do they mean 742k sterling, if so, thats sh1te, I have a plot of land worth more and theres nothing on it.

[wertyi13] 18/12/2004 09:37

You need to start a thread "Screen Shareholders AGM Voting Rights" of words to that effect.

Maybe get a list of other shareholders and make contact, either directly or through the media.

I have no holding.

[dmhzx] 18/12/2004 08:27

Plast:
Yes you're right. Will you put the vote from your shares into
a) Rejecting the placing as it stands
b) Sacking the entire board and putting our own people in?

Ater all: The robbery can only proceed if the shareholders vote for it.
If we don't vote for it, then the directors have the power to call in administrators without asking us, so a 'NO' vote needs to go with a vote to dump the board or they'll rob us anyway. I've seen it before.

If we can get enough votes together from existing shareholders, we will need even less new cash.

Come on guys, let me know how many No votes we can get together before the AGM.

[adh0] 18/12/2004 00:00

I would "possibly", no commitments here, put in £5000. Will also be going through things at weekend and will get back to you.

[dmhzx] 17/12/2004 17:00

Thanks for the thoughts everyone.
adh0 - Two points -I'm far from convinced that it needs all of £5million immediately. But I am TOTALLY conviced that 1P per share, when at the time they announced they were thinking of a capital injhection the share price was 6P, is nothing short of deliberate theft. If they needed £5 mill, they could have raised it at 4p per share and 'only' diluted by about 50%.
So is this really HBoS stealing the company??? Because we have at this stage no idea at all who the placing is going to, how can we have an idea as to the motives of the various players??
Market cap is now about 750K. Suppose an offer at 1.75p were made today. Would that tempt enough holders to sell, bearing in mind today's real 'value' of their shares is about 0.1p.

KeithFagan: I will be investigating as far as I can te real debt situation over the weekend. Provided this rip off has not actually been initiated by HBoS, there's no reason why they should not continue to be co-operative with a new board who will run the company substantially better than the old one . - After all, unless the board are lying through their teeth (which cannot be ruled out)Joyce Lobel are running with a near record order book. The company turnover is over £20 million. You only have to make a net profit of 5% and you have a million pound profit. And if they can't get 5%, this is another reason why the current board should go.

Mr Rusty: Your figures don't add up. I'd be very interested in a review from you. If SEN has a loan of only £1.2 million, then HBoS can't be getting over three. - I'll re-read the proposal.

So if I can put in £50K, anyone else fancy a go? Only nine more and we can make some serious proposals.

[wertyi13] 17/12/2004 16:31

Screen "directors" whats their salary, bonuses and ex,s ?


Probably several million.

[mr rusty] 17/12/2004 16:14

Although they are ostensibly going to raise £5.57M gross/£5.1M net they will effectively only benefit by about £1.9M of cash injection since HBoS will be taking £3.2M. Currently Screen have a £1.2M loan and a £7M facility, i.e. £8.2M from HBoS. After the deal they will only have £4M loan and £1M facility i.e. £5M from HBoS. So HBoS will be clawing back £3.2M of the money raised. What's the betting Screen will be back again next year for more cash?!!

[elsworth] 17/12/2004 14:05

.........keep hold of your pants..........should be dripping down to .5p./.75p

Marcos van Shagger...........updating level 4

[keithfagan] 17/12/2004 13:51

dmhzx. I have been watching this stock for over a year but never felt comfortable enough with it to buy in. To have a controlling interest you need about 1/2 mill with enough from banks promised to offer for the rest under current rules if I am right. Would I also be right in saying at 50k each 10 key holders would need to form a separate company and buy it as a consortium, or otherwise you need a lot more people to buy in and it becomes messy.

Also if you buy the company and re-negotiate the debts it may remove the need for an additional share issue.

Interesting proposal.

[adh0] 17/12/2004 13:47

The trouble is even if you got the company for £1m what do you get? A company which needs to raise another £5m quick sharp or the banks pull the plug. I am all in favour of throwing out the board but to buy the company would take MUCH more than £1m.

[dmhzx] 17/12/2004 11:32

So does anybody want to do something about it or not.

Rmember we could (in theory) get the entire company for about a million, and get it run properly on the basis of a sensible incentive.

Directors should NOT be allowed share options at all. They should be incentivised according to the profit the company makes.

We can get it run perfectly well for a lot less than the current crew are stealing for runining it.

I can't do it on my own.

Anybody want to give me their proxy for the EGM

[megordon] 17/12/2004 10:35

Can't believe they are going to raise anywhere near 5 mil with the mess they have made of this company.
When will they consolidate again?

[wertyi13] 17/12/2004 09:48

Anyone buying in will only ..inevitably... further line the pockets of the "directors" and their accountants.

Best left well alone, imo

[jotoha1] 17/12/2004 09:46

MM's will undoubtedly keep this just above 1p ,there may be one or two opp to buy and get out pretty quick, this one is for the knackers yard!!!

[wertyi13] 17/12/2004 08:58

Shocking company, guarantee the "directors" will be taking a whacking share of the raised cash cap the moment its deposited in their bank.


LONDON (AFX) - Screen topped the list of worst-performing small caps,
dipping 0.47 to just 1.15 pence as traders reacted to yesterday's late news that
the AIM-listed developer of advanced security systems is raising up to 5.57 mln
stg via a placing of new ordinary shares at a price of 1 pence apiece.

[dmhzx] 17/12/2004 08:35

By the way, apart from the City friendly MMs now deliberately holding the price UP as oppososed to pushing it down for the last three months, and apart from a takeover bid, there's no reason why ANYBODY should buy in the market now.

1) Why pay 1.5 p for a share in a company now, when that same share will only be for a tenth of todays percentage in a few weeks.

Anyone owning 10% of this company now will own 1% next year, on the basis that next years price is now 1p, then today's share is actually worth just 0.1p. (And don't forget, that's after the 10 for 1 split, so we've dropped from £1 per share to £0.001 in just a few years. That's even 'better' than Homer Simpson did at Marconi.

If we want to 'incentivise' the board I reckon if they don't meet their targets they should be sacked with no compensation. The current deal is akin to giving a bus driver a bonus if he doesn't get lost.

[dmhzx] 17/12/2004 08:27

Any body fancing contributing towards a fighting fund to make a big for the whole company?
Total market cap today is less than £1 million. It won't taj the many people or too much money to buy the whole lot. Sack the entire board and run the company ourselves.
Just making the move will soon see what calibre of people we have on the board.
If they are really interested in the company, they'd wlecome a buy out at say 1.2 million.
If not, then the nanosecind that a bid looks remotely possible, they'll call in administrators and continue the robbery safely behind closed doors where they won't even have to tell the owners who the company is being given too.

(This is know as the Dow maneouvre after the way sahreholders in Scotia Holdings were shafted a couple of years back.)

I can run to £50K at present without too much trouble.

Anyone interested please post with a view to exchanging email addresses.

[safman] 16/12/2004 18:33

not another one.. initial thoughts with their security technology and Joyce Loebl ..they might have been able to pull something off... held back... and i think i will keep holding back..

good luck...

saffy..

[electron230] 16/12/2004 16:54

Looks like there's going be a little dilution of shareholder value!