Stenprop Share Discussion Threads

[love it] 22/5/2008 14:02

3 bid 1 offer be my guessed

[sagem] 22/5/2008 13:47

Surely this merits an increase in the share price...all this confidence and potential seems to be going unoticed....I THINK i WILL BUY ANOTHER MILLION OR TWO

[tara7] 22/5/2008 13:39

Now, a few days me thinks to wait for next deal, and should be a big one.

[love it] 22/5/2008 13:15

It is a testament to their faith in Spiritel's business model and the immense progress the Company has made in recent months. Not only this but it also saves the Company a substantial amount in interest payments for the coming year."

NICE

[sagem] 22/5/2008 13:14

Well this appears to be excellent news It is a testament to their faith in Spiritel's business model and the immense progress the Company has made in recent months. Not only this but it also saves the Company a substantial amount in interest payments for the coming year."

We deserve an increase in the share price today I would think.

[someuwin] 22/5/2008 13:12

RNS Number : 0863V
Spiritel PLC
22 May 2008


For immediate release 22 May 2008


Spiritel plc

("Spiritel" or "the Company")


RESULT OF EXTRAORDINARY GENERAL MEETING

HOLDING(S) IN COMPANY


The Board of Spiritel plc (AIM: STP.L), the business communications services provider, is pleased to announce that following the Extraordinary General Meeting held today all of the resolutions presented to Shareholders in its Circular dated 28 April 2008 were duly passed.

Accordingly 237,406,046 ordinary shares of 1p ("Ordinary Shares") have been issued and allotted to Penta Fund 1 Limited Partnership and
Penta Fund 1 share price Limited Partnership. Following this issue together the Penta Funds' total holding is 276,819,845 Ordinary Shares and
represents approximately 49.99 per cent. of the enlarged issued ordinary share capital of the Company.

The total number of Ordinary Shares in issue has increased to 553,639,692 and it is expected that these shares will be admitted to trading on 28 May 2008.

Commenting on the result of the EGM, Alastair Mills, Chief Executive said: "We are delighted that Penta have completed this conversion demonstrating their ongoing confidence in the Company. It is a testament to their faith in Spiritel's business model and the immense progress the Company has made in recent months. Not only this but it also saves the Company a substantial amount in interest payments for the coming year."

[sagem] 22/5/2008 12:39

SO WE COULD GET SOME GOOD NEWS....PERHAPS SOME NEWS MIGHT GET LEAKED OUT

[love it] 22/5/2008 12:13

Yes 4 bid 1 offer where is the EGM update?

[someuwin] 22/5/2008 12:05

560,000 Buy @ 1.25p

[someuwin] 22/5/2008 10:07

Yup - EGM should be underway now...

"EGM to be held at 10.00 a.m. on 22 May 2008 at the offices of Lane & Partners LLP, 15 Bloomsbury Square, London WC1A 2LS"

[love it] 22/5/2008 10:00

416K buy

EGM today?

[someuwin] 22/5/2008 09:54

Welcome aboard washbrook. you should do very well here.

[washbrook] 21/5/2008 18:38

tara7
---
An interesting stock.
At close up 91.67% since 31.12.07.
Iam a buyer in these troubled times.

[someuwin] 21/5/2008 09:54

Just some of Spiritel's newly acquired major customers...

* Topps Tiles
* Servisair
* Lufthansa
* Virgin Media
* Regent Inns
* BBC Worldwide
* City of London
* Marriott Hotels & Resorts
* TGI Friday's
* Beefeater
* Whitbread
* Premier Inn
* Spirit Group
* Greene King
* Best Western
* Retroscreen Virology
* Barbican
* JJW Hotels & Resorts
* Red Carnation Hotels
* The National Theatre
* Health Protection Agency - Porton Down
* Altium Capital
* The Langham Hotel
* Young's
* Walkabout

[someuwin] 21/5/2008 09:41

Spurberry - it's impossible to predict absolute SPs - especially over such a short period as 'to year end'.

However, this company does seem to be doing everything right at the moment and we seem to have the makings of a classic recovery story. The share price has been drifting down to virtually nothing, but over the last year or so changes have been put in place...

* New management.
* New corporate structure.
* 5 recent acquisitions.
* move into profitability.
* recent share buying by directors.
* debt for equity swap to be sanctioned at EGM Tomorrow.
* market cap only £3million.

The results of these (and more changes/acquisitions to come) have yet to be realised so the upside potential here is (imo) truly enormous!

[james t kirk] 21/5/2008 09:32

Hi spurberry, well with 1st half EBITA at £230k and 2nd half over double this so say £500k, that's £730k without latest aquisition, so with steady growth you could expect share to trade on 15 times earnings at @ £10m, which is some way from current share price. Not wanting to sound over rampy but 4p end of year wouldn't be unrealistic IMHO.

[spurberry] 21/5/2008 09:18

guys what are people expecting share price wise year end? How big can this be?

I tend to only be in oil stocks but have recently bought nng and cltv.

[love it] 20/5/2008 15:11

Got some stock back zzzzzzzzzzzzzzzzzzzzz


3 bid 1 offer

[james t kirk] 20/5/2008 14:38

Nothing for more than 25k, no matter what settlement. This is T10, but I'll be paying for them..

[love it] 20/5/2008 12:34

James,

Nice one. Did they play hard ball then! Offer you anything else or was it T20

[james t kirk] 20/5/2008 12:31

Agreed that's why I was happy to pay a small premium for the xtra 75k today..

[tara7] 20/5/2008 11:29

Best share you can buy on a five year view, in 18 months we will have 5,000 posts on this board, as the huge growth of this company comes to light.

[someuwin] 20/5/2008 10:56

The effect of the passing of the resolutions at Thursday's AGM will be the staged conversion of £11m of debt to equity.

This will have a double positive effect of:

* A saving of £800,000 interest per year.
* An increase in the share capital of the company. This will make trading easier and will increase STP's appeal to institutions. (At the current market cap of £3 Million STP is just too lowly valued to interest the big players.)

The enlarged size of the group should be a clear sign of the next step up in Spiritels growth plans, and will open the door to new acquisition(s).

Also, they may (or may not) decide to give a business update at the EGM. Either way the year end was 30th April so we will be due either a Trading Update or release of Final Results in the comming weeks/months.

[love it] 20/5/2008 10:29

At last first deal over 11k lol and they had to pay a premium lol. New broker needed unless T20. EGM thursday what we looking for out of that then?