Share Name Share Symbol Market Type Share ISIN Share Description
Tex Holdings Plc LSE:TXH London Ordinary Share GB0008850470 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 73.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 43.08 -0.90 -16.30 60
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 73.00 GBX

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Date Time Title Posts
24/5/202116:38TEX - Views Please407
29/4/200908:34Tex in the City: Price 137.5p 10/9/200370
22/9/200301:21Tex holdings23

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Tex Daily Update: Tex Holdings Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker TXH. The last closing price for Tex was 73p.
Tex Holdings Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 82,680,923 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Tex Holdings Plc is £60,357,073.79.
aleman: I've taken the offer though I did seriously consider not doing so. UK manufacturing is doing well. TXH has a strong balance sheet. I stuck with JCR when they delisted at 15p and got 45p a year later. I think TXH are worth far more than 20p but I think this lot are far more cynical than the JCR board were and AGMs harder to get to. I decided I'm almost certainly losing out but do not want the distraction this time from what is now one of my smaller holdings.
aleman: Found confirmation that EGM resolutions were passed on the website: Extraordinary General Meeting Results 27th November 2020 Tex Holdings plc (LSE:TXH) is pleased to announce that at the Extraordinary General Meeting (“EGM”) held earlier today, all resolutions were duly passed. Further announcements in relation to the loan conversion and share buyback will be made in due course as appropriate.
aleman: No. They are effectively valued at 20p at the moment but will still retain value in future which might differ. There was a proposed subscription of 8m shares at 20p by Edward Le Bas, open offer of 5m shares at 20p where Le Bas would take shares unsubscribed in the open offer subject to the loan conversion approval, and Le Bas loan conversion of up to 35m shares at 20p subject to an EGM on the 27th, which also had a vote to approve a proposed subsequent share buy-back at 20p. Fundraising results were supposed to be released on the 27th but I can find nothing. If you do not wish to sell in the proposed buy-back at 20p, then you can remain a shareholder with the option to trading the shares on a matched bargain basis that is proposed. I presume I will soon receive some paperwork asking if I want to tender my shares at 20p in the buy-back.
aleman: 13th October 2020 Further to the announcement dated 15 September 2020, Tex Holdings plc (LSE:TXH) announces that the lis ti ng of its ordinary shares of £0.10 each on the standard segment of the Official List and to trading on the London Stock Exchange's Main Market has now been cancelled with effect from 8 a.m. today. Discussions with the major shareholder regarding possible refinancing proposals are ongoing, as are discussions concerning arrangements for share trading through a matched bargain facility. Further announcements will be made to shareholders in due course.
charo: Still time to defeat this at gm. Replace chair and board except new FD. Fight the concert party ,as before. Deal purposely with FCA ,problem I believe is board. Seek merger partner who can deal with issues including selling of a number of subs . Probably all share deal at massive discount with linked cash raise. Takes out concert party through dilution.
battlebus2: Results out hTTps://
roberts2274: I love reading the balance of charo and aleman, so did some research of my own from companies’ house. You’ll be aware of all this, but I wanted to put it in a post to remind me and so I have it in one place. From December 2018 TXH accounts (and the Edward Le Bas Limited + Le Bas Investment Trust Limited accounts at 31 March 2019) there is at least 31.4% control from Mr Burrows and family (maybe more if they don’t have to disclose holdings less than 3.0% in TXH accounts). The Directors, mainly Chris PT who has 180,000 shares own nearly 3.0% combined. I’m surprised to see Chris Parker with £100 of shares, significantly less than I do and doesn’t show much faith from a Director in the business. Edward Le Bas Properties Limited is a business that owns industrial estates valued at £42m over which Barclays have taken security for the £10m loan they made to ELBP, “of which £7m was subsequently loaned to a connected company, with interest payments recharged at a margin plus the prevailing LIBOR rate over the term of the loan” (ELBP accounts) can’t wait to see what the "margin" is, given I assume this has to be mentioned in the TXH accounts to 31 December 2019 as a related party transaction. Barclays security is over Claydon Business Park, Great Blakenham, The Hamiltons, Chesterton Road Cambridge and Jubilee House Cambridge, a combined valuation of £42m and a £10m loan is around 25% LTV. I guess depending on the income from the tenants of the freehold properties owned by ELBP (£650,000 of which came from TXH and its subsidiaries in the year ended 31 December 2018), surely the bank would gear up on these properties to enable a take private by Mr Burrows and family. Offer price of course fundamental to any take private, but I suggest the only fair way is to look at a VWAP of the 90 days prior to suspending the listing on 29 April 2019 and add “a margin” to this. The other routes are sell/merge, but what a time to try that, whilst the majority of the board are all still shielding, and Chris Parker is about to leave. What’s the betting they take advantage of the extra 2 months afforded to plc’s to complete their accounts for this year because of Covid – and where’s the announcement to read from the directors which will make more interesting reading than this?
charo: What is needed is a truly independent chairman and non execs who will kitchen sink results realign asset values with cash generative capability and force concert party to make bid or seek a merger or takeover. If burrows junior wishes to take control then pay the price. This company and its conduct are an affront to market regulations. If not such a tiddler would be major scandal,
charo: Previous auditors report on 2018 account devastating in findings.. Price bailey not adequate for role in auditing a listed company . The board needs to resign or bid again to take private. Alternatively merge with another business diluting influence of concert arty and new blood on board.
charo: Shareholders need to know, Has the loan been provided and on what terms.If not is business trading whilst insolvent. What is position of regulator vis a vis relisting. The share price is completely misleading and makes a mockery of this company,s board and their duty to shareholders in general.
Tex share price data is direct from the London Stock Exchange
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