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TEO Tecteon

0.55
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tecteon LSE:TEO London Ordinary Share GB0000530716 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.55 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.55 GBX

Tecteon (TEO) Latest News

Real-Time news about Tecteon (London Stock Exchange): 0 recent articles

Tecteon (TEO) Discussions and Chat

Tecteon Forums and Chat

Date Time Title Posts
22/2/201218:00Tecteon. Write said thread44
25/10/201010:41TEO - Ready to go into Orbit!29,309
17/10/200822:37Only worth a third of a penny on fundamentals7
16/11/200719:09Hom much cash left at Tecteon?7
16/11/200719:09What Dominion Energy will mean to Teo17

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Tecteon (TEO) Most Recent Trades

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Tecteon (TEO) Top Chat Posts

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Posted at 25/10/2010 10:38 by jc111
Has TEO died
Posted at 03/3/2008 16:51 by maysun
JB,

I doubt very much MA cares that much about small investors like us.
He is more concern to keep those BIG investors who backed him in previous fund raising rounds happy. For this very reason, i think we will get our money back and more. As I said, i have already put the TEO shares in the bottom drawer,itmt just hybernate and wait for the spring to come.

LOL!!!

For those guys who got a lot of happiness to see i lose money..........just be happy, i don't mind, there is no guarentee to make money in stock market trading. My lattest bet is on UTN,I have quite a few shares averaging 1.65pps, it may help to put a bigger smile back on my face.......LOL!!!
If one gets lot of fun and enjoyment out of share trading, winning obviously great, but losing is not the end of the world, not for me anyway. Win some, lose some, have u heard of it before?

LOL!!!
Posted at 13/2/2008 18:44 by mark30
RNS Number:9324N
Tecteon PLC
13 February 2008


TECTEON PLC

Doc re General Meeting

Further to the announcement made on 9 November 2007, Tecteon PLC ("Tecteon" or
"the Company") announces that it has despatched to shareholders a notice of
general meeting which is being convened to approve the new joint venture for the financing and off take of copper, zinc and lead for onward sale. Tecteon will be entitled to share in 60% of the profits from the joint venture's trading activities.

The general meeting to approve the joint venture has been convened for 12 noon
on 29 February 2008 at 19/20 Grosvenor Street, London W1K 4QH. The notice of
meeting can be viewed on the Company's website at www.tecteon.com.

For further information please contact:

Tecteon PLC Tel: 020 7408 1181
Masoud Alikhani, Chairman
------------------------

Seymour Pierce Ltd Tel: 020 7107 8000
Jonathan Wright


ENDS


This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBSGDDXDBGGIX
Posted at 19/1/2008 12:19 by the novice
Smelly,

Even you are voicing concerns OTR, fascinating story as ever but I fancy it will end in tears and recriminations. Any bid is clearly expected to be on the low side hence the current share price. It may even be withdrawn and I would expect the share price to be decimated if it is for obvious reasons. I do hold a few so we'll see what happens. Anyway last post on them here but it is hard to get a word in on those busiest of ADVFN threads! AIMO. ATB.

CTN.
Posted at 12/11/2007 17:36 by iain40
Still puzzled

"Zamcu holds the licence to recover 18,000 tons per month of ores including
copper, zinc and lead in Zambia and their transportation to South Africa for
sale, Tecteon said.
Tecteon expects about 3,000-6,000 tons of copper to be financed and sold per
month and 3,000 tons of both zinc and lead, with profit's from the JV's trading
split 60:40 between Tecteon and Zamcu respectively.
To finance this new activity, Tecteon will take an unsecured loan of 300,000
stg from Quazer Group Corp."

Recovery of ores and transport to SA for sale makes sense - no processing involved.

"Tecteon expects about 3,000-6,000 tons of copper to be financed and sold per
month and 3,000 tons of both zinc and lead" - no mention that this is ore. Are Tecteon involved in the processing of the ore in SA? What is the financing regarding the 3000 - 6000 tons of copper? £300k won't do that.

WhoTF are Quazer Group - anyone picked them up on the Google radar?

Still puzzled, but wonder if we've been picked up on the mad mining speculator share search.

I'm sitting on the sell button, but will let it ride until something shows.

Sorry no information other than my continuing puzzlement - the deal don't stack up on the info given!
Posted at 10/11/2007 12:13 by mark30
takeiteasy

"Tecteon expects about 3,000-6,000 tons of copper to be financed and sold per month and 3,000 tons of both zinc and lead, with profits from the JV's trading split 60:40 between Tecteon and Zamcu respectively. To finance this new activity, Tecteon will take an unsecured loan of 300,000 stg from Quazer Group Corp."



Tie, I suspect many here are left wondering how this will pan-out' (no pun intended)
There is just too little info at this time to assume a measly 300k is the panacea to Tecteons lack lustre performance to-date.
Some earlier (fag packet) calculations were attempted but fully conceded more research and info was needed.
There are many mining experts on advfn, some of which I know and could ask to cast their eye over this latest announcement. Fact is they would ask more questions of which we just don't have the answers at this time.

Further, they said >>

"Since the Transaction involves the commencement of a new strategy for the Company the Board has elected to make the Transaction subject to the approval of the Company's shareholders. The Directors intend the signing of the joint venture to be the first stage in the development of the Company as a trader in and processor of base metals and a circular convening a general meeting of the Company to approve the Transaction will be posted to shareholders in due course.

The proposed joint venture between Tecteon and Zamcu will involve the financing and off take of copper, zinc and lead for sale in China. The directors of Tecteon expect approximately 3,000 to 6,000 tons of copper to be financed and sold per month and 3,000 tons of both zinc and lead. Tecteon and Zamcu will be entitled to share of the profits from the joint venture's trading activities on the basis of 60% / 40% respectively.

In order to provide the finance for this new activity and provide additional capital for the existing voice quality technologies business, the Directors have agreed to take an unsecured loan of #300,000 from Quazer Group Corporation, ("the Lender").

The loan from the Lender carries interest at the rate of 8% per annum and is repayable on 31 October 2008 unless converted before then, at the option of either party, in whole or in part into new Ordinary Shares of Tecteon plc at a conversion price of 1 ordinary share for each 1p of loan converted.

In addition, the Lender is entitled to subscribe for one Warrant for every Ordinary share so converted by paying 1p per Warrant. The exercise price of the Warrants will be 1p per share and the warrants will expire one year after issue."

Look closely?
" The Directors intend the signing"

"a circular convening a general meeting of the Company to approve the Transaction will be posted to shareholders in due course.

This observation will go down like a lead brick of course (did I say lead LOL) yet I remain optimistic our deal-maker just may retrieve his reputation if all goes well......or as 'suggested'!
Posted at 09/11/2007 23:49 by notready
All,

To clarify, I have 3.5m shares left. I made a loss on selling 5m shares but have already made that up on EPO and PRM plus (even ignoring the tax loss benefit on TEO in addition).

The logic of my sales were that the deal has given an opportunity to decide what to do.

I made the decision that in my long term portfolios, pension and trust funds, that I would rather be holding PRM than TEO, because I understand what PRM is about in the next few weeks and months and years and I think I can just leave that to grow hopefully very significantly. PRM has already risen after my purchases.

I am not so sure on TEO, but I have not given up on TEO and am holding a large chunk by most people's standards.

I can still benefit substantially if there are more positive developments and I fully support Alikhani in trying to give value to TEO shareholders.

There is an argument that because of my sales some have been able to add at a lower cost than without and any brake on the price should only be temporary if developments are positive.

The gamble I took was in not knowing the value of the jv in Africa and the residual value of the tech business - it could be much more than 1p per share. I hope it is.

I will not cry if TEO rockets - I am sure my EPO and PRM will do very well for me - but will be happy I have 3.5m shares and can participate in the fun and be happy that you lot too are doing well from the rise.

Good luck to us all.

;-)
Posted at 09/11/2007 12:12 by dell314
Presumably the share price will hover around 1p, that being the loan conversion price stated in the RNS, prior to further clarification of what TEO actually think they are up to.

Why would someone offer an unsecured loan to a company embarking on a new apparently risky venture? Is today's announcement a precursor to ramp up the share price prior to a placing which will repay the loan and provide significant funding levels?

If the £300k is also supposed to provide additional working capital for existing operations, how much is actually going to be available for this new venture?

Most bizarre!

Rgds
dell

All IMHO, DYOR etc.
Posted at 09/11/2007 07:04 by takeiteasy
He was obviously listening to me last email! One question if we are formally pulling out of vq why mention that part of the funds are for the vq side?

RNS Number:3414H
Tecteon PLC
09 November 2007

TECTEON PLC

Announcement

New Activity / Additional Funds Raised


Tecteon PLC ("Tecteon" or "the Company"), the provider of voice quality, comfort
listening and hearing protection technologies and solutions, announces that it
has agreed to enter into a new joint venture ("the Transaction") with Zamcu, a
company controlled by Minerale Afrique Limited, which holds the licence to
recover 18,000 tons per month of ores including copper, zinc and lead in Zambia
and their transportation to South Africa for sale.

Since the Transaction involves the commencement of a new strategy for the
Company the Board has elected to make the Transaction subject to the approval of
the Company's shareholders. The Directors intend the signing of the joint
venture to be the first stage in the development of the Company as a trader in
and processor of base metals and a circular convening a general meeting of the
Company to approve the Transaction will be posted to shareholders in due course.

The proposed joint venture between Tecteon and Zamcu will involve the financing
and off take of copper, zinc and lead for sale in China. The directors of
Tecteon expect approximately 3,000 to 6,000 tons of copper to be financed and
sold per month and 3,000 tons of both zinc and lead. Tecteon and Zamcu will be
entitled to share of the profits from the joint venture's trading activities on
the basis of 60% / 40% respectively.

In order to provide the finance for this new activity and provide additional
working capital for the existing voice quality technologies business, the
Directors have agreed to take an unsecured loan of #300,000 from Quazer Group
Corporation, ("the Lender").

The loan from the Lender carries interest at the rate of 8% per annum and is
repayable on 31 October 2008 unless converted before then, at the option of
either party, in whole or in part into new Ordinary Shares of Tecteon plc at a
conversion price of 1 ordinary share for each 1p of loan converted.

In addition, the Lender is entitled to subscribe for one Warrant for every
Ordinary share so converted by paying 1p per Warrant. The exercise price of the
Warrants will be 1p per share and the warrants will expire one year after issue.
Posted at 25/10/2007 10:47 by garth
Sorry for holders, but like I said earlier, TEO looks to be getting the hot-air treatment. If you want a tiny market cap worth investing in then why not do some research on FMJ? Software deals in the bad with DELL, TESCO, Woolworths, PC World, Amazon..... but not reflected in the price because of concerns over renewal of their UK licence for PANDA security. RNS this week has cleared away those concerns and the price is responding.

As the comparision chart shows, FMJ look to be returning to levels seen before the summer sell-off - levels which were virtually twice current share price........



DO YOUR OWN RESEARCH!

G.
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