Thames Water 26 Discussion Threads

[jamesgkenny] 21/5/2004 12:44

chris bragg is a mate and he tipped me into Asos at 8p. sold out at 30p in very quick time, among others tipped, walker greenbank, jarvis porter and innobox all done very well, dart group i am down on but its down to oil price only.

[daza75] 20/5/2004 13:11

Positive L2 change recently 2v1. Someoone has probably bought 10,000 or more and is just waiting to be shown up!

[daza75] 20/5/2004 11:51

I would suggest you do this, can pick them up in the spread @ 28 i believe. Got a feeling its going back above 30 in the short term. Remember the mm's are short of stock, try and get them from winterfloods if you can, this should push the price even higher.

[stacks] 20/5/2004 11:27

daza, yes this is starting to move up with as much ease as it came down. Am thinking of going back in for a longer term position.

[daza75] 20/5/2004 10:59

MM'S SHORT OF STOCK.

[daza75] 20/5/2004 10:25

From Shares mag today: page 90

I thought i would let you know about the latest company which I (and others at Redmayne Bentley) have bought into.

Tradingsports Exchange Systems (TES) floated last year raising £4 million. On 5th May, full year results were released covering the 12 months to 31 December 2003. Most importantly, the announcmentcontained details of a placing of 1,000,000 shares to Ray Ranson at 21.5p and i believe that this is very positive news.

The directors of the company are of a high calibre and the current market capitalisation, a fraction of the level at which TES floated, is a value which could sharply appreciate if the company start to generate a profit.

I spoke to the chief exec Joe Tighe, last week and he belives the company will be cash flow positive early next year or late this year - sooner if contract are won.

There has already been significant expenditure in terms OF development costs and the business seems to represant a similar story to that of ASOS a couple of months ago, as far as i can see. TES have seen their share price plunge despiute making veryu good progress and i believe that there is a good chance the price will now climb as the compnay moves towards profitability.

Chris Bragg

Redmayne Bentley Stockbrokers.

[daza75] 17/5/2004 16:33

I wonder if this will get a mention in this weeks shares or IC??

[agincourt] 17/5/2004 13:47

UP 11% on a day like this.

[absolutely barmy] 12/5/2004 16:11

Haystack

Going up now. My worst ever. Forgot about it. LOL

Please come and deramp this. It is my only hope.

[haystack] 12/5/2004 15:59

What a downtrend! How low can this go?

[agincourt] 12/5/2004 15:16

WOW. This is good. Now I am only 85% down.

[mr gambole head] 12/5/2004 13:38

malkie macdonalds yoo r talkin cobswallop and i must add headenware is not a very good idea? remember the cutting and pasting yoo canabilised in march?

malkie yoo r just another duper like your bottom pal mr snot forever ok!!!!!

[malkie] 12/5/2004 13:32

OR EVEN 24.3%!!

[malkie] 12/5/2004 12:44

TO LET THE PRICE GO UP BY 21.6% APPARANTLY!!

MALC

[pictureframe] 12/5/2004 09:13

another director jumping ship...why ?

[dell314] 11/5/2004 12:15

pictureframe - you can't get annuals signed off, unless there is 12 months funding.
Otherwise, results have to be qualified with a statement explaining that further funding is needed.
It's hard for us outsiders to know continuing burnrate as we don't have any idea about continiuing R&D levels. Second half burn may have increased due to Binexx, which wasn't originally planned for.
Also results state that new (and presumably also most recent contracts) have upfront payments and minimum monthly commission.
They certainly need to get the new contracts working as the fact that the first contracts are providing minimal revenue is v.poor.

Rgds
dell

[pictureframe] 11/5/2004 12:07

ok from May 03 to December 03 they burned cash at the rate of £170,000 per month.

At end of December 03 they £1.2 million left....current anticpated cash as at May 04 left =£350,000 + £250,000 just raised = £600,000

This will last them 3 months.....agree looks like further funding needed at the expense of current shareholders.

[dusseldorf] 11/5/2004 12:02

I'm afraid it looks like this is heading to 10p i.e. substantial placing price.

[pictureframe] 11/5/2004 12:00

Back on the slippery slope by the look of it.

Anyone know cash per share ??

[pictureframe] 11/5/2004 11:20

Hope you guys banked your profit

[byroneck] 05/5/2004 16:26

Sold my small holding @ 21 as although initialy I felt the results and update were not too bad considering the price we are currently at and on the back of the 200k injection, I feel that there is little to drive this forward for now.

Will be watching and would like to buy back in a) if it keeps dropping short term, and b) if we see some indication of turnover increasing (substantially)

(aka stacks)

[nissi beach] 05/5/2004 15:43

mm don't want the stock very small sells have taken this down

[pictureframe] 05/5/2004 15:40

Not a no hoper, value is here but cannot be classed as a buy at this price imho.

I have been know to be wrong so take my view with a pinch of salt !

[kevster] 05/5/2004 15:10

I wouldn't throw £1 at a company i thought was going down the pan, let alone £200,000. Ray Ranson has some knowledge of the business, and must have had a pretty good look to decide to make that sort of purchase.

They seem to be addressing the issues of costs, and improving their revenue model, but whether they'll get it sorted is the question,

Kev

[agincourt] 05/5/2004 14:58

The price action says everything and the indications are that it might just be going down. LOL