Is there anywhere they are discussing what went wrong in detail with the last acquisition? |
Bouncing nicely and looking good this week. Remains very undervalued imho - hopefully will get back to say 120p or so pronto for starters. |
Webinar Event: ShareSoc Webinar with Team Internet (TIG)
Date: 28/1/2025 |
Gap to close at 120 |
Good to see non exec purchase. |
Good observation. |
It is interesting to note that every 15 shares the company buys in has the same effect on the %age held by Kestrel as Kestrel itself buying 4 shares.
If the company buys in 11.25% of its existing issue, the current Kestrel holding will then exceed 30%. |
I thought when Ben left the company was to cease acquisitions and concentrate on building share holder value. |
I checked back in last week and was shocked at the drop here.
I had sold out just after they took over a smaller company in the US with around three employees and what looked like an office over a shop.
Have the owners of shineez gone/given reasons? |
Imagine where the price would be now if there was not all this insider buying supporting the share price. It would be a bloodbath. |
For a long time I have presumed they are buying to facilitate this going private. |
Seems to me they are working towards a private buyout considering the Kestral stake and the buybacks while the price continues to fall. It's unlikely individual investors will be offered shares in the private company and unlikely they will be offered any more than the closing price on the day of the announcement. This lot are crooked to the bone. |
So Kestrel are buying daily…. |
LONDON, July 08, 2024--(BUSINESS WIRE)--Com Laude, leading global provider of internet domain name management and online brand protection to many of the world’s foremost brands, announced the appointment of Ben Crawford as Chief Executive Officer and Director. The news follows Com Laude’s recent strategic growth investment from pan-European private equity firm PX3 Partners.
-----
Does anyone know why Ben left the company?
As soon as he left the share buyback commenced. |
My view on the above query:... Only if he has an accomplice holding enough shares to sell him at an ever lower price. However that would be illegal on the grounds that a concert party is selling shares to itself to create a false market. All the shares involved are effectively under the control of the same entity (the concert party) and the combined holding should have been declared meaning no real sale has taken place. |
When do you close your short sceptical? |
Until TiG can put some evidence on the table as to why they purchased an Israeli company at a hugely over inflated price no serious investor is going to touch this. So price will continue to fall. |
Can a purchaser drive the price of shares down to make a lower bid for the company? |
So we learn that Kestrel bought 190k shares last week, buying on every day, and maybe they are buying this week with another delayed RNS, but what does it mean? |
Ben Crawford was skilled at capital allocation. Two years later TIG has spent millions on buybacks and the share is at a multi-year low. |
Tempted to follow the Kestrel buying, but it hasn’t had a positive effect so far… |
Agree Boadi…reasssurance. |
That Kestrel/Royde purchase on Thursday should cheer you up a bit, ggrantsu. They now hold over 26% of TIG and must have expectations - but we can only guess what they are!
It puts them in pole postion to broker or frustrate any corporate deal and an absolute postion to reject any SoA proposal of which they disapprove. |
 Not commented up until now but thought I'd share my thoughts...
Christ...what a brutal brutal drop. 200p to 84p...
I have to say...I'm struggling to comprehend the Shinez acquisition...to have paid out shareholder money for something that is now potentially going to be loss making. 40mm dollars were paid...for a business expected to do c.11mm dollars in EBITDA at least this year. It is totally staggering...I hate to say it but I cannot think of another situation like this in my investment career...not one which has happened so quickly. I mean they literally bought it with shareholder money and it must have been the next week when the business fell off a cliff...
the people who got paid that 40mmm...it is an absolute coup for them. they have literally pulled off one of the biggest heists in UK small cap land throughout history.
While I appreciate the company just wants to move on...this is an absolutely shocking destruction of value. I have a lot of respect for the team at TIG...who have up until now not put a foot wrong...but on this occasion I am really taken aback. Does mgmt have any way of pursuing an action in court? I guess caveat emptor applies...it is devastating. To think that money could have been spent on a buyback.
I have noted mgmt see a route forward using Shinez's technology across the rest of the OM business. While that is somewhat a positive...it doesn't really alter the numbers involved here.
I think the Shinez debacle would have seen the stock trade down here anyway...but I'm probably more concerned by the RPM declines. I understand that the RPM data is affected by a multitude of factors but the declines QoQ seem fairly enormous and are sooner or later not going to be offset by volume increases...surely? If volumes slowed and RPM's kept dropping at a double digit % rate...there won't be an OM business left.
Feels screamingly cheap but if you think about how the business was rated when TONIC was growing QoQ at +20% organically...one realises that we could really stay cheap given growth has now slowed to a halt.
It's difficult to see any other way for a massive re-rating in the public markets until OP is split out at a considerably higher multiple. its encouraging that they are clearly very focused on doing this in the nearer term now. i the meantime I just hope things stabilise across the rest of the business...
I want this to succeed (for my own sake!)...but its going to potentially be quite a long road back.
little bit disheartened not to see the usual Royde purchases + any other inside buys. |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
