Software Circle Share Discussion Threads

[gazza102] 03/12/2010 09:11

Me too. Glad I'm out!

[zangdook] 02/12/2010 16:22

got the cash.

bye bye SFT.

[hugepants] 01/12/2010 20:27

RNS at 4:15pm today


...CREST accounts will be credited with the Tender Offer proceeds, and cheques for payment for Ordinary Shares in certificated form purchased pursuant to the Tender Offer will be dispatched, by 2 December 2010, in accordance with the Tender Offer terms...

[the_doctor] 01/12/2010 13:56

'pending an announcement'

is that announcement that the directors are in on a scheme to take shareholders' assets on the cheap?

[zangdook] 01/12/2010 13:48

but 'temporarily'? 'pending an announcement'? I wonder if the office junior used the wrong RNS template.

[boadicea] 01/12/2010 09:07

Read this -

[sir rational] 01/12/2010 07:34

What's this about then?

[gazza102] 26/10/2010 13:26

I take it those that are selling now missed the tender offer.

[equitydealer007] 25/10/2010 17:51

nevermind this now...best look for the next vehicle......TSEG imo is about to explode...DYOR..poss multi-bagger

[zangdook] 16/10/2010 09:55

I don't think so, unless you want a share in an untradable company with corporate governance issues which might compulsorily purchase your shares in a few months, for the same price you could get now.

Then again they may go on to greatness and relist somewhere else.

I think that there are enough other, liquid opportunities to go into that I don't want to keep funds tied up here. If you like China and software, there's GNG which seems more solid and is also very cheap.

[lyncroft7] 16/10/2010 09:44

So what are people doing? I'm with HSBC and have till midday Monday to decide. Is there any point in holding onto them?

[zangdook] 11/10/2010 15:37

For those planning to hold - CBI did a compulsory purchase on remaining stock after their tender. Don't know if these guys will do the same but it's worth bearing in mind. Same price but extra delay.

[davidosh] 11/10/2010 15:23

I have picked up another 75k at 7.24p as well. Naturally I will be tendering them at 8p and although there is always an element of risk until the cash is back in your account. However this does look like a reasonable risk/reward scenario for a 10% return that annualised must equate to nearly 60% yield so worth the gamble.

Fingers crossed and will help me to feel better about the fact that I was expecting to see 12p plus from this investment within a year when I first bought in June.

[gazza102] 11/10/2010 14:32

Question - people that are buying are they doing so to sell their shares at the tender price of 8p.

Why are the shares not nearer to 8p to buy?

[stewjames] 07/10/2010 12:58

kappa3, I meant it's nuts to be selling in the market instead of tendering.

[gazza102] 07/10/2010 12:05

Just tendered my shares - Roll on the 3rd Decemebr for my money

[kappa3] 06/10/2010 07:03

If we don't sell at this low offer than we loose everything as the shares can't be traded

[stewjames] 05/10/2010 20:10

gazza, I agree. It's nuts to be selling unless you're really, really desperate for the money.

[gazza102] 05/10/2010 14:57

Zangdook - 7p into PMHL maybe 8p but not guarenteed.

I take it the MM's will sell your shares to the tender offer at 8p they bought cheaply from you for a nice profit!

7p to 8p - 14% rise for 2 months waiting.

[zangdook] 05/10/2010 13:19

A very disappointing timetable here. By comparison CBI opened its tender on June 11, closed it on June 25, held its EGM on July 6 and handed over the cash on July 14. I know SFT need a court hearing, but couldn't they have got it together a little faster? No wonder the share price is falling.

[zangdook] 05/10/2010 12:29

oops, I missed that RNS, thanks for pointing it out.

People sell now rather than wait two months for the cash.

I suspect if you put 7p into PMHL today you'll have more than 8p worth come Dec.

[boadicea] 05/10/2010 12:01

SelfTrade have sent a message which can be replied to by secure mail etc by 5pm on 14th Oct.
BSL usually take a day or two longer to notify.

[gazza102] 05/10/2010 11:52

I think you need to look at the RNS. 1st December is the settlement date - correct me if I am wrong. Votes need to be in by 22nd October.

So why are people selling? 1p on a small amount I can understand but on 250,000 shares i don't.

[zangdook] 05/10/2010 10:27

To get cash now. The tender doesn't even have a date yet - it could be months.