Teathers Fin Share Discussion Threads

[mikeh30] 16/3/2015 13:49

Anyone have an idea of the price paid for the tech shares?

[swizz] 16/3/2015 12:05

IMHO they would have been better sticking a £100k in Boxhill Technologies, it just smacks of a city suits trade, very disappointing and I have trimmed back....GL S

[l0wrdr] 16/3/2015 12:00

Mkt doesnt like, was probably expecting more

[swizz] 16/3/2015 11:55

M4 - A bit of a yawn from me, I was hoping for something a bit more dynamic and cutting edge.....GL S

[moreforus] 16/3/2015 11:48

might explain last weeks placing as they had the opportunity to invest......

[moreforus] 16/3/2015 11:48

small amount though

[moreforus] 16/3/2015 11:48

Jason Drummond, Executive Chairman of Teathers, commented: "We are delighted to have taken a strategic investment into this high growth sector. It is complementary to our strategy of investing in IPO opportunities which we believe have the potential to create shareholder value. The Board believes that TechFinancials is well positioned to capitalise and expand into this new and rapidly growing sector."

[swizz] 16/3/2015 11:46

News out ref investment in Techfinancials, who have listed on AIM today, I would have to confess not quite the news I was expecting,......GL S

[moreforus] 16/3/2015 11:44

rns

Jason Drummond, Executive Chairman of Teathers, commented: "We are delighted to have taken a strategic investment into this high growth sector. It is complementary to our strategy of investing in IPO opportunities which we believe have the potential to create shareholder value. The Board believes that TechFinancials is well positioned to capitalise and expand into this new and rapidly growing sector."

[swizz] 14/3/2015 20:05

Shareprophets have added further comment today and have apparently had a catch up with JD, they are now suggesting further news within weeks......GL S

[65jack] 11/3/2015 07:54

An old TEA tip when it was names SPR.




ShareProphets tip of the week: Buy CA Sperati at a 4.25p offer
By ShareProphets | Sunday 6 July 2014



Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

We spoke to the main man at CA Sperati (SPR) a couple of weeks ago and sense that after months of waiting, the summer could be action packed. This a 156 year old company making buttons and trimmings in a factory in Greenwich London. It recently transferred from the Full list to AIM. The Button business is massively sub scale and not a high growth market – we do not care about buttons.

During the past eight months Jason Drummond and Jonathan Rowland have come on board, a freehold site has been sold and £250,000 raised at 4p. At a 4.25p offer price (the spread is 3.75p– 4.25p) the market cap is c£820,000. We reckon that net cash is c£350,000 to £400,000 there is no debt and Jason Drummond has plans.

Historic results are pretty much irrelevant. The only thing that matters is cash and following the sale of a freehold property and a placing earlier this year net cash is £350,000 to £400,000. Now we come to Drummond and Rowland who own 22% between them. Rowland provides financial clout although Drummond is very wealthy too and he is the key man.

You might associate him with an AIM disaster Media Corp but that was his younger brother in charge. Look back a few more years and you will see that Drummond made stunning returns for shareholders in the dotcom boom. Perhaps more importantly the businesses he established were real business which are still going today, albeit having been sold at the right time.

Drummond and he knows the technology/new media and e-commerce sector well. We know this sector is back in vogue but Drummond is not going to be rushed into a deal. Having said that we know some investors have grown bored waiting for him to act. That is a mistake, we sense that he is now ready to strike and that will transform Sperati.

There are risks: Tech stocks might tank. Drummond might not find a deal or do a bad one. But we have faith in the man. He has an excellent track record and he and Rowland have skin in the game. They are not there just to double their money. We think that the summer months will be exciting ones for Sperati and the shares are a buy at up to 5.5p with an initial target share price of 12p.

[moreforus] 11/3/2015 07:48

just need to get over 4p first!

[65jack] 11/3/2015 07:47

Been building a position here recently. I see TEA was tipped yesterday by hotstocks.


tEA tippedTue 15:42The former C A Sperati, now Teathers Financial (LSE:TEA) has announced the issue of new shares “to satisfy certain existing liabilities” (£30k) and to increase its cash reserves (£100k).

© Image copyright zionfiction

It notes the 4p issue price represents a premium of approximately 18.5% to the prior closing mid-market price – though the shares were 3.75p at the commencement of the month. However, any sort of premium is rare in these circumstances and the announcement has helped the shares up towards the new shares issued price.

The price compares to a 4.75p offer price at which the shares were recommended HERE and we apologise that things have taken longer than hoped to develop here. However, the market cap is sub £1.5 million and we currently remain prepared to back Executive Chairman Jason Drummond to utilise the legacy balance sheet and further funding to invest smartly and spark investor interest again.

An investing policy focused on AIM or unquoted ventures considered suitable for AIM listing within 12 to 18 months of investment is reiterated and, now looking ahead with the legacy buttons, buckles & trimmings business sold, we continue to consider now not a time to be selling here. We have chatted to Jason and expect news within weeks. Average down and buy.

their tip in Mar 2014 - Tip Of The Month: Buy CA Sperati at a 4.75p offer – three month target 10p

[swizz] 09/3/2015 07:38

Interesting to note there is no mention of where the shares have been placed, other than the shared to cover the fee, perhaps insiders have picked them up and we will see a holdings update in the days ahead?....GL S

[moreforus] 09/3/2015 07:08

Teathers Financial PLC Issue of Equity
Print
Alert
TIDMTEA

RNS Number : 8450G

Teathers Financial PLC

09 March 2015

9 March 2015

Teathers Financial Plc

("Teathers" or the "Company")

Issue of Equity at a premium

The Company is pleased to announce that on 6 March 2015 it completed a placing raising GBP100,000, before expenses of GBP5,000, via its joint broker Peterhouse Corporate Finance Limited, of 2,500,000 new ordinary shares of 0.5p each in the Company at a price of 4p per share (the "Placing"). The placing price represents a premium of approximately 18.5% to the closing mid-market price of the Company's ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares") on 5 March 2015, being the last practicable closing mid-market price prior to the completion of the Placing.

The proceeds of the Placing will be used to increase the cash reserves of the Company and accelerate its Investing Policy to invest in AIM quoted companies either on flotation, through secondary offerings or by purchasing shares in the market and unquoted companies, joint ventures or projects which the Board believes will be seeking a quotation on AIM within 12 to 18 months of such investment.

In addition, the Company has issued 750,000 new Ordinary Shares at a price of 4p per Ordinary share to satisfy certain existing liabilities amounting to GBP30,000 (which includes the expenses of the Placing detailed above).

The 3,250,000 new Ordinary Shares ("New Ordinary Shares") will, when issued, rank pari passu in all respects with the existing Ordinary Shares. Application has been made to the London Stock Exchange plc for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00am on 13 March 2015.

Following the issue of the New Ordinary Shares, the Company's enlarged issued share capital will comprise 39,658,477 Ordinary Shares with voting rights. The Company does not hold any shares in treasury. This figure of 39,658,477 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:


Teathers Financial Plc

[moreforus] 09/3/2015 07:07

4p placing!

[swizz] 02/3/2015 16:05

I nice little intraday turn around unfolding......GL S

[soft t] 02/3/2015 15:11

usual aim stock , placees unloading to make a quick buck

[moreforus] 27/2/2015 09:05

Upsidedown19
Posts: 516
Premium Chat Member
Off Topic
Opinion: No Opinion
Price: 3.75
View Thread (2)RE: UPSIDEDOWN

Today 08:55

Glad you got in cautious. I don't know if any others on the WRN board picked up my not so subtle hint but at least you did so that's good. I have a good few of these and I think this has legs, as I have said this could be another WRN, even if it does 25% or what WRN I will be more than happy.
Anyway good luck and I hope that this pans out well for the both of us :-)

[swizz] 27/2/2015 08:51

Good to see and I wonder if Rowlie is back in the mkt? He was very active on Twitter last night.......GL S

[moreforus] 27/2/2015 08:39

well looks like TEA is back in flavour

mms walked it up and then fleecing sellers ....

clearly there was another big buy to be reported later

[solarno lopez] 27/2/2015 08:31

yes TEA hahahahaa