Spectrum Interactive Share Discussion Threads

[battlebus2] 20/8/2012 17:05

Received the funds today from the Arquiva deal so the end of Spectrum. GLA.

[battlebus2] 04/7/2012 11:00

Let's hope so S.J. they say things happen in threes so what's next?

[sailing john] 04/7/2012 09:05

Nice one
I didn't hold as many as you (but had 6 figures) so a little miffed at not still holding as I only sold because of delisting.

Nice little windfall from Boomerang today. I only bought in Feb (on the bell 1H results day at 46p) Tried to sell at 55p but no takers and seemingly zero trades since then. So I'm very pleased with today's news.

Perhaps we will meet again on another thread.

GL - SJ

[sailing john] 02/7/2012 07:13

Offer at 78p

An 11 bagger in two years since delisting

Well done battlebus if you still hold

SJ

[sailing john] 04/1/2011 09:06

Battlebus
If you are around - I'm curious to know how your investment is going. Hope Spectrum are doing as well as we expected. I still hold 10 shares but it appears as they are in a nominee account I don't receive any communication or AGM invites. Just held on to 10 out of curiosity.
Regards
SJ

[battlebus] 27/5/2010 14:39

LOL SJ shouldn't be laughing as this is criminal. Sad to see the end after years of SIN but suppose after recent market turmoil the shares would be only worth around 3-4p so 7p isn't bad. I might see you at the AGM as i held 250'000 who knows what they will be worth in 10 years but imho worth the risk. Must email to see what happens shares that i don't hold on the register as to proof of ownership.

[sailing john] 27/5/2010 12:12

Received payment into Halifax account yesterday 26th May
Selftrade not yet processed - so I have just emailed a reminder
RIP - Spectrum
Well not quite - kept 10 so I should get an invite to the AGM! - Free tea and bickies round at Mark's house!

Oh and one last thing - epic SIN now available if anyone is thinking of floating their lap dancing clubs!

SJ

[battlebus] 07/4/2010 19:06

Maybe he bought the 34k. BEYOND BELIEF. Those results are even last years!

[sailing john] 07/4/2010 19:02

LOL
Plonker - springs to mind
SJ

[egoi] 07/4/2010 18:46

I received an email tonight from UK-Analyst; from Watshot>

Part of which:

'Spectrum Interactive (SIN) - Worth tuning into.........

Concluded:

'....If the company can successfully manage the winding down of its payphone business whilst generating growth from its Wi-Fi operations the shares should enjoy a re-rating from their current PE ratio of around 3. Recent results suggest the company is on track, with profits coming in slightly ahead of expectations at GBP0.8 million and net debt reduced by GBP1.4 million to GBP3.8 million......'

Erm, just my thought; but hasn't the writer (James Faulkner) overlooked and/or omitted something quite important? :-))

[battlebus] 07/4/2010 17:47

Has someone just bought 34000 at 7p. Thats my boy.

[battlebus] 07/4/2010 08:17

They are really putting the nails in the coffin now reducing the bid to 6p.

[battlebus] 06/4/2010 12:59

That is the only downfall your money will be tied up thats why i have decided to sell 75% with a hardened heart!

[sailing john] 06/4/2010 12:35

Thanks for the reply
I agree with your analysis but don't want to leave money tied up. I have accepted the tender offer for 4990 of 5000 that I bought a while back and have lost money on. Kept 10 so I can get access to accounts etc. for my own interest. (Probably do a consolidation or something similar in the future to get rid of people like me!) Not taken action on the rump of 100k bought recently at less than 6p but likely to accept offer - very reluctantly! Overall I will be slightly in profit but very unhappy that they have effectively managed an MBO on the cheap. All IMHO of course!
GL whatever you decide
SJ

[battlebus] 06/4/2010 11:41

Yeah don't think you can hold shares from a delisted company in your sipp will have to sell my own. No reply as yet from Spectrum but i have decided to hold 250000 in the hope i might sell them in 10 years time at a much greater price if they are not sold for me sooner. They aren't buying to lose money so i think it's worth the risk.

[sailing john] 06/4/2010 11:27

Alberga taking shares out of SIPP into personal ownership. Not sure why. voting power?
Any news BB
SJ

[sailing john] 30/3/2010 14:08

Circular and other docs available on website

A long read - not sure I undersatnd the actual director holdings which appear to contradict each other in different docs
The tax situation is also complex - from my quick read the capital part of the offer will be the nominal value of the shares ie 1p and the rest treated as a distribution. So from my very quick read I assume that if you bought shares at 6p then for tax purposes you would record a 5p capital loss and a 6p distribution income. Not very happy about that if I have read it right.
Any other views?
SJ

[sailing john] 29/3/2010 14:49

These are very undervalued and this is simply a MBO at a rock bottom price. But I guess the minority (mainly PI's?) have no choice but to roll over and accept it.
Off topic - Egoi as Shares_forum appears to have died and is not being maintained I have set up an alternative site as a contingency plan.

[egoi] 29/3/2010 13:26

I have to say I'm amazed, they seem to have good cash balances and managing debt adequately. I was becoming tempted myself.

MJ as you say it is more like a P-Q 'phenomenon'. I'm glad i didn't buy, because imho a share without a quote is just too illiquid an asset, even if the company's value can be realised.

Perhaps they actually ought to join P-Q rather than delist (I'm semi-serious - I think!) - perverse it may sound, but there just could actually be a logic to it for a company like this imho.

[melton john] 29/3/2010 10:38

Thanks for your time Outsider, it's getting like Ofex here with Sin going private isn't it. I bought into a couple on there that went private, only a small amount, but not something I would recommend Battlebus. But looking on the bright side there may be good times coming and they want the trough to themselves, in my case it was saving money to stay afloat. Majority shareholders seem in my opinion, once they have got through small shareholders money and start to make it, will pay themselves well, award themselves dilutive options and you then if you are a private co have only one buyer for your shares. Worth getting a shareholder list and seeing who else might be with you if you are serious.

[outsider] 29/3/2010 10:17

Melton I think CMG is doing ok, but is too small for the market it's in, I'd personally sell on any strength.

[johnyee 7] 29/3/2010 09:49

Is that you just bid for the company bb.shares up 10%.

[battlebus] 27/3/2010 12:53

Might bid myself 2.5 million for the lot any partners want to invest i'll put up 500k .