Timeweave Share Discussion Threads

[cgod] 11/9/2012 07:23

Still no news, well the management have not come out and rejected the take over offer. looks like a done deal.

[techno20] 10/9/2012 18:07

Have added a few this afternoon at just over 22p - unfortunately it won't add much to the 25%. Hadn't expected to be able to - assumed it wouldn't take Craven long to reject the approach as grossly undervaluing the business. Obviously I was wrong!

Has anything been said about Lewis's representative on the board - which if the website is right comrises only 3 individuals! Presumably the discussions are being done by just 2!?

[dealer dan] 10/9/2012 14:55

wywcu1
The Goldman Sachs Group, Inc. 13,570,600 6.02%
Leo Fund Managers Limited 13,525,000 6.00%
GAM International Management Limited 11,035,034 4.89%
Aviva Investors Global Services Limited 11,229,009 4.98%
Herald Investment Management Limited 12,716,700 5.64%
Mayfair + H 46.00%
PI Net Thurs & Fri B 550,000 .02%
Updated as at 21 June 2012
Therefore I reckon P.I Has to be circa 25.00%

Anybody agree maths ??

N.B 15.00pm & NOT 1 sale !!!!!!

[wywcu1] 10/9/2012 13:33

Anyone know what % P.I's hold? No way I am taking this derisory offer without a fight.

[dealer dan] 10/9/2012 12:39

Can anyone confirm:
1) Mayfair need 90% shareholder approval before they can compulsorily buy out the remaining shareholders. If they obtain 75% approval, Timeweave will be withdrawn from AIM.
2) Is there any method of ascertaining current MCI holding update ??

[wywcu1] 10/9/2012 09:38

And still no rebuttat from the management. Bloody disgrace.

[techno20] 09/9/2012 15:46

Been out of these for a while - patience ran out months back. So been watching with interest from the sidelines.

Suspect the odds are now with Mayfair, but find it hard to conceive that they'll get away without increasing the bid. 40p feels fair value, but can't see that happening. 28p to 30p feels more likely given the shares already secured.

If there's time on monday before the management statement (which must surely be a decline - even if it's an open to further discussions) I'll buy back in. Presumably McGuire must stand down whilst negotiations are happening - this may have already happened, but can't see reference to it.

Can't see too many institutions rushing to accept 22p. Suspect, even if some of the others buckle, Herald will fight for a more realistic value.

Techno.

[wywcu1] 09/9/2012 14:51

OK Guys, if we don't get a management rebuttal in the morning then we are well and truly stuffed and robbed.

[dealer dan] 08/9/2012 14:32

cgod - If I was you I would be spending my time on looking for my dcd parachute !!
You do not think J.L will be keeping this tuppence ha'peny co IF he gets TMW ?
You clearly do not have a TMW holding so I say look at your own investment before poking your nose thru the hedge.
To all TMW P.I's lets hope rebuttal comes after weekend which is surely sufficient time to absorb & shun this silly offer. The BOD can not surely ignore their advisers Investec who weeks ago forecasted 40p !!! Looking at other sources
it appears shareholders could force a sale of assets - I would be up for that even if had to wait till Matchbet case concludes probably next year.
Yours sickened 11 yr holder

[cgod] 08/9/2012 07:24

Capital are saying they are going to delist you guys, what happens to your investment?

[cgod] 07/9/2012 07:20

Remember they also get DCD for nothing as well.

[dealit] 06/9/2012 16:39

Done deal, S/P 22p says it all MM`s will know the deal is done bye bye everyone hope you have not been hit to hard.

[dealer dan] 06/9/2012 16:00

THE ONLY THING THIS JOE LEWIS KNOWS ABOUT FOOTBALL (Owns Tottenham Hotspurs) IS HOW TO KICK SMALL SHAREHOLDERS IN THE BALLS !!!!!!!!

[fairenough11] 06/9/2012 15:17

craven:-

uk betting

tote

timewave?

looks as though hes scored a hatrick.Unless he's stopped.

Turf Tv is a no risk,cash cow--end of.

[boadicea] 06/9/2012 13:55

wywcu1 - You are suggesting that the board is not acting in the interests of the company (the company being the company of shareholders) in obtaining the best possible value in settlement for relinquishing control.
I totally agree.
Remembering this is only AIM quoted, what are the specific grounds on which legal action could be taken and the chances of success. Are there any 'no win, no fee' lawyers that would take this on?

PS: Whatever the outcome, their cards will be marked!

[greasynut] 06/9/2012 11:13

I sold out after the recent interims c. 20p.

My opinion was clear that this company was not being run for the benefit of the general shareholder and was being lined up for a take out.

Goldman Sachs would not be interested in a tiddler like this unless doing a favour for a friend, so expect to see their 6% lined up behind the bid.

Don't expect the management to come to the rescue. Don't forget they awarded themselves 10% of the company in options last year. Will these convert on a take over?

TMW is a pure cash cow for a private owner.

The writing was on the wall, but it still stinks.

[wywcu1] 06/9/2012 11:06

Surely we should have had a management rebuttal by now. They have had at least 2 hours to get their act together ffs.

[stemis] 06/9/2012 11:00

I suspect some of the other shareholders will be pleased that an exit has been offered for the shares. It would be almost impossible to sell 5% in the market and frankly a couple of million is neither here or there for them. The offer only needs 4.3%.

The market clearly believes it's going to happen. The price is bang on the 22p offer.

You can see how guys like Lewis get rich(er).

[fairenough11] 06/9/2012 10:57

Pure theft at 22p.

wywcu1--you're figures are close enough.

The "profits" are almost guaranteed,not could be,should be.The management do sweet fa to gain those profits as its almost a closed shop.The tea boy could manage the Amrac contract ffs.

Come on Craven,earn your corn.

[wywcu1] 06/9/2012 10:15

Well said DD

[dealer dan] 06/9/2012 10:02

I do not not think the other half of shareholders below will be mildly interested at this abysmal offer :
The Goldman Sachs Group, Inc. 13,570,600 6.02%
Leo Fund Managers Limited 13,525,000 6.00%
GAM International Management Limited 11,035,034 4.89%
Aviva Investors Global Services Limited 11,229,009 4.98%
Herald Investment Management Limited 12,716,700 5.64%
Updated as at 21 June 2012
Plus P.I circa 25%
Robbers usually wear masks

[dealit] 06/9/2012 09:10

Interesting day ahead I feel the higher the price goes the MM`s may feel a counter bid is possible.