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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Telspec | TSP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.25 | 4.25 |
| Top Posts |
|---|
Posted at 25/6/2009 16:23 by varies Not much life on this thread which is hardly surprising.It looks as if Mr. Gyllenhammer must have voted against the proposal to de-list the company with his 26% (or more)of the capital. Since the directors needed 75% for this proposal, it seems odd they they did not consult him first; perhaps they did and he changed his mind. If the de-listing had proceeded, we stood to receive 5p a share fairly soon. Mr.G is an active investor with fingers in many pies and I hope he may have plans for TSP which will be of benefit to long-suffering small shareholders like me. (I believe he paid about 6p a share some 18 months ago and a loss of 17% would be respectable in these markets) Does anyone have a view ? |
Posted at 02/2/2009 13:55 by superbigal Welcome back guys.The doors are closing and after obligations re warranties etc and more significantly paying themselves large severance cheques I reckon there will be less than £1Million in the pot to share between the 40Million shares. You will do well to get tuppence halfpenny. They managed to run this into nothing as I predicted years ago. Peter G picked a wrong un. The Hackett Jones would be better of with lottery tickets. Superbigal - 9 Apr'08 - 11:01 - 486 of 491 edit Oh Dear the board finally admit that their products are now dated and uncompetitive and they wont be able to design anything new. Cash now down to £2,750,000 and at last NO more assets to sell. Costa Rica now ALL delivered and invoiced. I think Peter G has not backed a winner here. Not sure anyone should want to merger or aquire. Shiv "Wrecker" and his cronies will continue to take their cut and wages for as long as the shareholders seem to be prepared to suffer it. Now only 17 direct employees. varies - 9 Apr'08 - 16:13 - 487 of 491 superbigal Although the report is rather depressing, I cannot see any surprises. The group balance sheet shows only £2,767,000 cash, as you say, but it also shows £1,728,000 of receivables and, in total, £3,779,000 of net assets equivalent to 9.33p per share. We would not, of course, receive anything like 9p a share in a liquidation but Mr. G. has irons in many fires and may well be able to effect some combination that would be beneficial to a company wanting to raise c.£3 million without a rights issue and to TSP shareholders. TSP must also have large tax losses which could in some circumstances be of value. Once the rest of the Costa Rica money is in, we may see some action. The heirs of Mr. Hackett-Jones still hold 42%, I believe, which they must want to realise one day. So a sale of TSP should prove easy enough to arrange and, from a prospective purchaser's point of view, this is a considerable advantage. We may, of course, see all the cash wasted on admin over a few years and be left with nothing.This is a risk I am willing to take. Superbigal - 11 Apr'08 - 12:31 - 488 of 491 edit The heirs of Mr H-J have been far too trusting with certain people on the board over the years. I like you are worried that all the wastage in admin/wages to people now basically designing and selling nothing, is eating at the cash. All the asset selling and the "conveniant" fire and insurance payments has covered this up over the last few years. Remember they netted about 2Million for stock that was actually due to be written off anyway. baner - 15 Apr'08 - 08:18 - 489 of 491 it seems realistic net cash will end up at not less than £3m or just over 7p/share. there should be 20p-ish of tax losses (gross) although telecom-related mostly. say this is worth 1p/share max. the listing should be worth a further 1p/share so that in aggregate the board should be able to get 8-9p/share in a reversed transaction - to which could be added that there could be additional upside in the business being rolled into Telspec (and downside of course). the new chairman is indeed credible and will look after the best interest of all shareholders no doubt. at 6p the shares must be a sound risk/reward - upside 30-50% and very little downside. interest earned will cover the plc costs so no capital erosion should occur while options are evaluated. Superbigal appears to be emotionally biased against this company - one could no doubt understand why given the performance in recent years. |
Posted at 15/4/2008 11:49 by varies banerI am glad to find another optimist here. I have had a few shares for many years and have a distant memory of selling part of my holding at over £7 ! Foolishly I kept the remaining 500 or so which are, of course, virtually worthless. Over the last 12 months I have been buying in the range 5-7p and have amassed a decent holding. I would, of course, like to see some action soon and feel that this may happen once the Costa Rica money comes in. There seems little point in TSP soldiering on by itself with no manufacturing facilities and just a few service contracts which could, presumably, be farmed out. |
Posted at 09/4/2008 17:13 by varies superbigalAlthough the report is rather depressing, I cannot see any surprises. The group balance sheet shows only £2,767,000 cash, as you say, but it also shows £1,728,000 of receivables and, in total, £3,779,000 of net assets equivalent to 9.33p per share. We would not, of course, receive anything like 9p a share in a liquidation but Mr. G. has irons in many fires and may well be able to effect some combination that would be beneficial to a company wanting to raise c.£3 million without a rights issue and to TSP shareholders. TSP must also have large tax losses which could in some circumstances be of value. Once the rest of the Costa Rica money is in, we may see some action. The heirs of Mr. Hackett-Jones still hold 42%, I believe, which they must want to realise one day. So a sale of TSP should prove easy enough to arrange and, from a prospective purchaser's point of view, this is a considerable advantage. We may, of course, see all the cash wasted on admin over a few years and be left with nothing.This is a risk I am willing to take. |
Posted at 02/5/2007 08:56 by viewtoakill I still think this company has a fair value of 13-15p per share. This really is becomming something of a nice cash shell. It's a shame that it cost TSP £1m to get out of the OZ lease but at least it's free of any overheads from that site. It could be an interesting year, especially if another company is revered into it. I see that they didn't want to give up their Nasdaq listing. While there is some risk I think alot of this is currently factored in the Share Price. Another nice little rise this morning. Nothing to get excited about at the moment. Just bouncing off a low. Still nice to see though. |
Posted at 01/5/2007 15:48 by viewtoakill I still think this company has a fair value of 13-15p per share. This really is becomming something of a nice cash shell. It's a shame that it cost TSP £1m to get out of the OZ lease but at least it's free of any overheads from that site. It could be an interesting year, especially if another company is revered into it. I see that they didn't want to give up their Nasdaq listing. While there is some risk I think alot of this is currently factored in the Share Price. |
Posted at 08/3/2007 14:45 by made1686 PS I LIKE to know how he is buy ing as i see not 100,000 share sold in tsp since his larst rsn can some one tell me and i wish they buy the lot soon as i am fed up with TSP big time want to move on |
Posted at 19/12/2006 15:05 by made1686 peter , your name peter,gyllenhammer has 11.2% of tsp W.Buffet,s berkshire,hathaway has 40%+++++++++ some one thinks its worth buying as the two men control tsp vote 100%%%%%%%%% why!? |
Posted at 16/12/2006 00:49 by made1686 peter pipsquik you are wrong go to t1pes .com if i am wrong i pay the cost to join t1pes can not say fair er than that TSP 40%%%% OWNED BY BERKSHIRE HATHAWAY COMPANY |
Posted at 11/12/2006 14:37 by made1686 yes with w buffwt and pg they control TSP |
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