Tex Share Discussion Threads

[lasmo] 22/3/2002 21:53

I've traded in this stock for 4 years. They normally pay a good dividend, so if the price falls, best thing is to try to ride it out. Core business is solid spread over many industrial sectors. Icing on cake is a large contract in the Philipinnes which is signed but subject to world bank finance, which to date hasn't been forth comming. I remain positive as Tex has seen these sorts of deals before and make a bunch. If finance comes share price will easily go to £2 and that no ramp.

Without above contract price will probably trade between 70p and £1.20.

As you say there is very little trade in this stock as most of the shares are held by solid long term, dividend driven investors. However with very little stock in the hands of MM's, this can lead to large price surges.

PS Other thing to watch is there could easily be a move to take Tex out of the Exchange and back into private hands. Most of the sharing holding is held by a few, who I know are fed up with some of the reg's which come with a listing. Again if this were to happen I believe the true price to buy up the remaining stock would be around £1.50

Good luck.

[quadrophonia] 22/3/2002 20:39

Starting to look interesting. Is there are buyer out there? This stock is pretty illquid to say the least. Is the mm trying to hike the price in order to obtain stock?

at present it's pretty unclear as to what is forceing the share price up at present.

[quadrophonia] 21/3/2002 23:22

Are you the Pete Barnes of Crawley, by any chance?

I've bought a few Tex, my secret weapon.

It's a very small company that's probably why the price drops so much - nobody trades this stock much, anyway.

Good management, but it's in pretty risky trading zones.

www.tex-holdings.co.uk

[petebarnes] 06/10/2001 23:52

huuuuuuuuuummmmmmm no sorry

[lasmo] 06/10/2001 23:49

Any one know anything about this stock. They look very cheap and go up and down on the smallest of volume.