Timeweave Share Discussion Threads

[wywcu1] 06/9/2012 08:57

Do you Guys agree with my numbers? Surely we will get a strong rebuttal from the B.O.D. after they have had time to drink their morning coffee.

[ianood] 06/9/2012 08:56

Don't forget the GS stake!

[34simon] 06/9/2012 08:52

With a sledgehammer SteMis !

[stemis] 06/9/2012 08:50

Difficult to see how anyone could counter bid when Lewis holds 29.99%.

[wywcu1] 06/9/2012 08:39

Co. currently has £33.55m in cash (including £6.71m share of AMRAC cash). Earnings are £8m a year. Joe Lewis is therefore bidding £49.6m and after stripping out the cash that he will receive he will have effectively paid £16m
for a Co with earnings of £8m per year - a P/E of 2!!!! I am aware that he made reference to the legal claim of upto £15.48m of which I am not aware. Even allowing for the claim to be paid in full he would only be paying on the basis of 3.9 time earnings.
Unless I have got my numbers wrong this offer is spurious in the extreme
A reasonable offer should be 8/9 times earnings which would equate to £64m PLUS the cash on the balance sheet.
Have I got my numbers wrong?? GLA
Would not be at all surprised to see a counter bid in the next couple of days.

[stemis] 06/9/2012 08:38

Mayfair already control 45.8% of the share capital. Looks like it's a done deal.

[dealit] 06/9/2012 08:34

Yes far to cheap indeed, been my experience with these things deal may have been done PI stitched as usual.

[wywcu1] 06/9/2012 07:36

Agree fairenough, looks like the B.O.D. were cought with their pants down. Should be an interesting rebuttal later today. Offer is indeed quite crazy. I will do a few calculations later this morning when I stop laughing.

[fairenough11] 06/9/2012 07:27

22p a share?

Are Mayfair havin a larf.

I did suspect a sneaky deal once it was announced who was taking charge.

Shareholders should tell them to take a flying jump.Stinks!

all imo.

[dealer dan] 29/7/2012 07:53

TMW now own 55% of DCD so value unknown till finals- as y/e's are same we are not going to get any monetary update for 10 months whilst share price will continue to wallow @ 20p & no divi !
I can not see any capital repayment to shareholders (unless a Matchbet win - but case will not be in 2012) which I would now have been delirious with & would happily exit. Been with this for 11 yrs (not proud) & have not experienced any halcyon days apart from divi- now demised. I view daily exit of private shareholders but am at least bolstered by no serious sellers by the 72% hardcore institutions/millionaires - that would definitely unnerve.
Will join sellers in a year if no + progress.

[greasynut] 25/7/2012 11:29

From DCD EGM statement:

'Following full conversion by Timeweave it is expected that Timeweave will be interested in a total of 228,642,550 ordinary shares in DCD, which would represent 55.19 per cent. of the Company's issued share capital as enlarged by the July 2012 conversion and the full conversion by Timeweave and Henderson.'

Market cap of DCD currently £4.2 million, so 55% is currently valued at £2.3 million (purchased for £2.08 million). We are still waiting to hear what the long term plan is here.

From March: 'The Company continues to evaluate and consider a significant number of acquisition and investment opportunities'.

IMO the management really need to deliver something decent to justify the withdrawal of the dividend.

[folderboy] 25/7/2012 06:25

DCD EGM? That's my guess.

[2trying] 24/7/2012 22:42

cgod - I have to echo Dealer Dan !

What have I missed ?

[dealer dan] 24/7/2012 18:31

cgod - what starts today ??? please advise

[cgod] 24/7/2012 08:27

DCD is the deal, and it starts today.

[greasynut] 18/7/2012 11:12

4 April Goldman Sachs go from below 3% to 6%.
8-15 June Henderson go from about 8% to above 15%.
13 June GAM sold down from above 8% to below 5%.
13 July Goldman Sachs increase to 7%.
Leo Fund managers has been adding, now up to 7%.

...just keeping track.

Goldman Sachs is probably the only interesting one. I don't suppose that they would take any interest in TMW on their own account.

As a cash rich company with juicy cash inflow from a desirable strategic asset and apparently non-credible management there must be a deal in the offing here sooner or later.

[francy6] 16/7/2012 12:43

£6.00

[francy6] 13/7/2012 17:45

£4.95

[dealer dan] 13/7/2012 17:06

Fancy francy6 - poke off !! Its time you were down London touting Olympic tickets
leave this site for 'sane' people.

[francy6] 11/7/2012 22:00

watch this space......lots more to come, biggest us oil find for thirty years.

[francy6] 11/7/2012 21:57

ps. USOP £4.70 now, was £1.50 last month.

[francy6] 11/7/2012 21:54

well at least they are not selling key rings here....jeez, gotta sell 10,000 to make the price of a sandwich in Starbucks.

[dealit] 29/6/2012 12:16

s/p moving North at last good to see.

[cgod] 28/6/2012 12:44

Well lads you are stuck with us now.