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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sportsworld | SWD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| Top Posts |
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Posted at 13/10/2004 11:36 by martin036 If the FSA can get some money out of those responsible for misleading investors, why not sue them yourself? |
Posted at 06/8/2004 22:10 by hillbilly999 BCDjust got this today don't know if it will make any difference but it sure can't hurt.....daveOur Ref: AJO/JWL/632790-11 (LS) 6 August 2004 Dear Investor Sportsworld Media Group I am a partner at Irwin Mitchell solicitors who specialises in group actions in commerce and fraud cases in the UK. I have been provided with your details by David Monks of Magenta One (www.magenta-one.com I understand that you are a continuing shareholder of SMG who may be interested in exploring your legal rights to bring a claim for compensation. This follows the collapse of SMG, the suspension of its shares on 2nd April 2002 and the FSA fine imposed on SMG's Chief Executive in March of this year. At present, 27 disadvantaged shareholders with over 1.5m shares have registered their details with Magenta One, although I understand that many more investors may well be interested in obtaining further advice. As a starting point it would be helpful if you could acknowledge receipt of this letter and confirm if you are interested in finding out more. I would appreciate having your response (positive or negative) over the next 14 days. By responding you are in no way committing yourself to taking action, nor will you be incurring any fees whatsoever. Subject to your response l will then set out how we may be able to assist and on what terms. If you have any questions in the meantime please reply to this message, or contact me on the number below. Yours sincerely ALAN OWENS PARTNER Birmingham Leeds London Newcastle Sheffield telephone 0870 1500 100 www.imonline.co.uk Regulated by the Law Society. Authorised and Regulated by the Financial Services Authority. A full list of the Partners of Irwin Mitchell is available for inspection at these offices. |
Posted at 27/1/2004 22:38 by homewell before sending off my e-mail, can't seem to find out how km11 got involved in magenta-one or where they intend getting any money from as KPMG have indicated there is to be no return to the shareholders.Last I heard was the offer from Trafalgar (?) for a pittance per share. As it still lists, is there any sort of back-door opportunity for a shrewd investor to get into a shell company (SWD) without set-up costs and then re-emerge from suspension and change nature of business? Would be cheap as chips. Would appreciate more info before passing over my very significant holding details to magenta. Would also like it if they didn't sound like a planet out of Battlestar Galactica. |
Posted at 04/10/2002 08:10 by laneyŁ Sounds promising perhaps they will see the investors get there hard earned money back , they should of told the Stock exchange of there deminishing business |
Posted at 26/7/2002 00:05 by gorwel leeshindig,would that be private investors who have sold at 0.1p. Incredible, Hastings. I, Hercule Poirot, shall investigate and have all such stupid souls committed. Seriuosly, if that is the case then they want their heads and every other part of the body testing. It just makes no sense at all. Surely it is not private investors? It won't give them enough for a bottle of plonk at Somerfields Super. All this is daylight robbery. If it affected big institutions there would be all hell let loose. |
Posted at 01/5/2002 16:02 by km11 Bartbuild,firstly I am not a solicitor. A Class action is a US termed lawsuit filed by one or more people on behalf of themselves and a larger group of people "who have similarly been affected by a particular and common incident. " As an example, all Sportsworld investors who have financially suffered from defective and or misleading financial information provided by the company's management, and reasonably relied upon by investors. In the US, Class actions are difficult and expensive to file and follow through, but the results can be helpful to people who could not afford to carry a suit alone. They can force businesses that have caused damage or have an unreasonable attitude to change their practices and/or pay for damages. In the case of Sportsworld shareholders, the RNS provided by management suggesting that creditor banks were willing to continue to support the company while it continues to seek a buyer for all or parts of the company would suggest that the company was able to continue as agoing concern. Hope this helps. |
Posted at 26/4/2002 18:05 by primrose Whilst History-If nothing ever comes of the Swd shares with manyhaving successfully traded them for 7 weeks,where prior to suspension in Net terms they surged up and down 26 times and if uniquely clever enough which noone was-You could have actually made 16700% net profit from SWD between Feb 13th and March 27th and such penny stocks have no potential they say. I will,however,remembe That cyberinvestless and his 1 or 2 estranged acquaintances having picked up some support from the likes of losers like J R Ewing-Originally Invested in SWD at the the end of January this year. Cyb & co bought at 45p and were Ramping it up, for being worth easily 120p later this year. They were so impressed by GB's speech to the City and then came that second profit warning and cyberamatuer lost 90% overnight as did cathywitch and since then for 7 weeks they were insanely deramping Swd calling it 0p since Feb 13th. Green with envy because in the following 3 days it rose 525% from 3p to 18.75p on offer and during the following 6 weeks it was worth up to 16700% possible net profit,if you'd bought and sold it through the 26 cycles of rises and falls. Numerous retail investors did bank actual cash profits and walk away. Numerous others lost part or all of their profits made. Some retail investors did sadly lose some ££ too although until PWH actually do sell off whatever's left and until the actual debts are known,it wont be known by anyone,what may happen to any remaining money They are 0p and to be delisted I believe but I believe Bartbuild and 1 or 2 others are still trying to establish exactly what happens to any monies left over,as there's only so much money that PWH can charge for their part,although as others offer-it is always best to assume nothing and indeed to be grateful if you did make and bank any net cash from this share. cyberamatuer and the "infamous" certainly did not,they lost a great amount before some of us had even heard of Swd,that I will personally remember and remained bitterly sad and envious as us amatuer retail investors were banking considerable returns within hours and over days-And from the outset they called it 0p,furious with their own Insecurity to have traded back in,having lost 90% from 45p.Cyberinvestor,Ca and according to many BB's and stocks have a reputation for panic buying and panic selling,by their own admission being led by BB comments entirely. Only buying or selling off the back of BB comments apart from the dead duck HML which cyberamatuer was also ramping on here. Advfn's BB's are History. Phil |
Posted at 28/3/2002 14:17 by primrose matto..LOL "send the share price tumbling again.." Well it's not inorbit around the moon yet today is it ?? It's got every potential of being traded up alone- "The Board has received Significant Interest from a number of potential Purchasers in acquiring various parts of the Company.." This is a great deal more upbeat and positive than back on the 1st March 2002. As I've maintained throughout since Mid February The Company are not going to care that much whether SWD is being traded at 5p or 20p-given it's falls from over 300p within 4 months or so and 2 profit warnings.It's in trouble like loads of companies and sectors.The Company also clearly do not care at all for day traders or bottom fishing retail investors or the fact that many people have banked considerable profits in SWD from trading.If you're sonfident and have an investment then really it's a no lose situation,as the chance of failure as Porky suggested is now not a factor in any way guanranteed-Look at the Company,Visit the WWW.,Phone 'em-It's full business as usual-the BB's and retail investors day trading or whatever are not relevant or an issue.It remains a high risk speculative play but with outstanding upside potential and at 5p is hardly over priced ?? (£3m Mcap) There is no way SWD can be below the likes of SCO/SAW etc and it's not on sets so retail buying does make a difference and the MMs do have to increase the prices,especially if they're going to run out of stock,as there's no way G.Brown is going to sell any of his 1.6Million at 5p is there ?? Phil |
Posted at 25/3/2002 18:15 by pork belly I realise that this was after only the FIRST profit warning and Dresder may well have changed their stance since the SECOND profit warning, however, some of the comments they made after the FIRST profit warning ( at 73.5p !!) below are extremely positive, ie:"CONFIDENT THAT SPORTSWORLD WOULD OVERCOME THE DOWNTURN IN THE ECONOMY" "INVESTORS SHOULD WEATHER THE STORM HOWEVER,AS WE BELIEVE SIGNIFICANT POTENTIAL UPSIDE EXISTS FOR THIS INNOVATIVE COMPANY" These comments were made after the 9/10m profit announcement. Clearly, if SWD announce "reduced profits) (not losses)of say only 4/5m, themn this would still, on a ratio basis, make the above statement equally true at a valuation of 37p !! The upside still far outweighs the downside but only on the condition that Geoff Brown leaves SWD as clearly the main problem is that the Institutions have lost total belief in his ability. He MUST go. I pray that this is included in the review. Porky. Anywat, heres the article: -------------------- "International investment bank Dresdner Kleinwort Wasserstein has lowered its earnings forecasts for the company, amid fears of a sponsorship slump. Analyst Andrew Lee at Dresdner cut his pre-tax profit estimate for Sportsworld to £14.9million ($21m/EUR24.3m) from £16.9m ($24m/EUR27.5m). "Whilst US exposure [at Sportsworld] is minimal and traditional advertising respresents only 12 percent of revenues, mixed news surrounding sponsorship makes us cautious about the short-term prospects," said Lee. But he was confident that Sportsworld would overcome the downturn in the economy. "Sportsworld Media has undoubtedly been affected by global events in 2001 and the outlook remains potentially choppy. Investors should weather the storm however, as we believe significant potential upside exists for this innovative company." Shares in Sportsworld plunged as much as 54 percent to 73.5p, the lowest since March, 1999." -------------------- |
Posted at 20/3/2002 14:09 by primrose LOL Mike......Post 127 ian-Absolutely none taken mate. For the record-I've never made promises or intentionally ramped but do always tend to be as positive as possible.Like perhaps everyone else I felt mislead not so much by BB's but certainly trades screens on the so called retail favourites Sets Stocks; as despite buys often far outweighing sells by up to 9-1 in some cases.Prices still seemed to go down,later in a day or within days-QXL being the number one example,all the way down from 48p to 1p since January 2001 -we had some breaks on results days but overall could never get on top of it or win-with always some distant hope,be it takeover, director buying,E-Bay,Microso As posted I lost tonnes of money on SO CALLED Sets dogs including all the popular ones like everyone else over the last 2 years:-TWT,ATN,MONI, EGS,BHM,BLM,QXL amongst very limited ocassional gains sometimes and on ones like SCO,ironically..he hee After the last QXL performance and results I stepped away completely from Sets being some 80% down on portfolio and for the last 7 weeks or so have been extremely successfully trading what are far fairer smallcaps stocks to me-which genuinely go up when more people buy than sell-It's a new world and in 6 weeks I have netted over 400% cash and am very confident that we'll either get an excellent investment return on SWD perhaps longer term-or at least be able to very quickly trade and take good further profits on final blocks.I have traded SWD in 50% blocks 11 times since Mid February- On the last risks there was no cash gain but I did get back more stock at that 6.5p last week,thanx to the Laurences IMV- I don't know what certain minority's problems are ie the 1 or 2,although one of 'em keeps signing himself EF for ErrolFlynn and Qxl'ers have affirmed that he has disappeared from there,some weeks ago-which is most odd as he last claimed to have got out at 2.2p with 10% cash profit- I got out at 1.89p as posted and I was getting on very well with him prior to the first new business which started with ACV..? However,it appears possible that EF's accountancy business may have collapsed- perhaps he was spending client's money on Qxl..I don't know or care- I've maintained and reitterate that as for retail investors:- We are not in competition with each other at all and it is not a question of being right or wrong,as one or two see it,perversely. (Perhaps because they're not retail investors at all but potential ene"M"y-afterall it's funny how the so called "sets" dogs are called "retail favourites" isn't it-when seemingly only "the city" ever seem to make money from them,or offload them,as in the case of EGS....?) Like anybody I am positive where my money is but I have never seen any value in forever and ever,posting on boards in stocks that they don't hold any shares in and regardless of what the stock is-They're always saying it's going to be 0p and bust which is exactly what c i was saying with others on Friday 1st March,one hour before it went up 76%. Why are they here ? To cause dissention with hidden agendas and self interests. As for me I am very keen that all retail investors do well and would be extremely saddened if for whatever reasons SWD don't pull through and if nothing else,provide more than ample opportunity to trade out with excellent further profits-but as everything appears-This looks far more better than many so called retail favourites-like ATN etc. As stated also whether luck or whatever-I have never been holding any share that's gone bust.Sorry this post is so looong... Phil |
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