Timeweave Share Discussion Threads

[trentendboy] 28/2/2011 16:11

overhang clear would make a lot of sense.

Interesting

[stewolf] 28/2/2011 16:04

Watched this for a good while, and bought in late last week after the 'results in line' statement on the 18th. The 7%+ divi helped my decision and the share price movement is looking interesting now too . .

[littlemadam] 28/2/2011 08:51

r&j - agreed, let's hope things change from here on. We should test the new CEO soon!
I am hoping for nearer to 30p by results.
Decent buys this a.m.

[richandjanet] 25/2/2011 23:37

So warley have sold their 2.4ml Still only 15ml shares available The problem is the management do not have a strategy to grow the company A decent aquisition with growth prospects and with so few shares available the share price would take off very quickly

I bought in here because the company kept turning up on various stock screens

My main worries are about the quality of the management And the fact they are not willing to speak to PI's on the phone is disgraceful In the past I have never had a problem speaking to senoir management of AIM companies In fact I find them eager to promote their companies

They need to learn how to keep their shareholders informed

Looks like we should get back to 24p before the results

[littlemadam] 25/2/2011 14:36

richandjanet

Thanks for that. I had a look.
I see Warley Associates announced today they had sold their holding. This might be the reason why the price has held back, while the overhang was cleared.
On Timeweave website I do not see Warley as a major shareholder. It says they reduced their holding from 4%, when they had a holding of 2m.

I wonder where and how the large volume was worked yesterday - was it 20m?
Can you help? I am confused - probably getting the wrong end of the stick as usual!

I topped up today in the hope that something is afoot.

[richandjanet] 25/2/2011 09:43

List of major shareholders is on the timeweave website




Click on investor relations at the top of the page

Eight people/organizations own 210 ml shares Thats 93% of the shares 15ml shares in PI hands

[littlemadam] 25/2/2011 09:10

The only holder I know of with that size is Joe Lewis' fund (Mayfair I think it is called).
Any thoughts or ideas?

[richandjanet] 25/2/2011 01:16

Looks like a large number of shares are being transfered from one of the major holders to someone else should be an RNS to explain the holding change

[richandjanet] 25/2/2011 01:16

Looks like a large number of shares are being transfered from one of the major holders to someone else should be an RNS to explain the holding change

[littlemadam] 24/2/2011 20:00

Can anyone please help asap. Today's volume 20m. One trade of over 8m.
Buys or sells?
20m is just under 10% of the company.

[littlemadam] 18/2/2011 22:19

dealit.
I too agree. I was thinking of posting earlier today but got side tracked.
I have thought for the past 6 motnhs or so that there was little need for and FD. You or I could look after the company. £30m in the bank, profits of @ £7m+ and operating in a niche market.
Easy peasy.

I think from here on it could and should get interesting.

I know for a fact the Chairman has spent the last 6 months undertaking a strategic review.
He has consulted the major shareholders, including 29.9% holder Joe Lewis.
The outgoing FD is probably a nice guy (I have spoken to him) but it may be that he did not agree with the way forward. For example he wanted to lower the dividend while the Company is committed to 'returning all the profits to shareholders'.

OK, so someone says the CEO choice is low key, hells bells who would they hope to recruit into a company valued at les that £60m? Also, I suspect the Chairman and Joe Lewis, while not wanting a 'yes' man, need someone who will fit in with their way of thinking.
Interesting he has links with the Tote.

The results of the review and new direction will be revealed with the results in a few weeks.
From today's RNS I think they have something up their sleeves.
I hope it is a major move forward. They could get some serious investors on board. They could afford to issue a load of new shares (say 50m at 22p - guessing her as there are not that many shares currently in issue) to raise a further pot of cash and then pounce.

Fanciful thinking? Maybe.

[dealit] 18/2/2011 18:52

I agree with that britshb, also the statement said results are in line with the boards expectations so no shocks on the 2nd March I hope.

[britishb] 18/2/2011 15:55

The long term FD was an Alphameric bod.

TMW is, at the present time a 50% shareholder in Amalgamated Racing plus a big pile of cash. Assuming Amal Racing have their own finance dept the old FD is presumably not required to count the cash every day....

Not sure what your concern is CF???

[go with the flow] 18/2/2011 15:21

David C - do make sure you don't walk over any power cables ;o)
Flow

[davidosh] 18/2/2011 08:21

Geeeezz I have no holding here but this looks very poor ! The long term FD leaves without a replacement and the suggestion that it is because the company must have a Board that reflects it's size! Was the new man previously an FD ?

[fairenough11] 18/2/2011 08:00

David Craven?

JEEZ,not impressed.

and yes I do know him.

[dealit] 18/2/2011 07:40

SOME NEWS AT LAST----

Timeweave plc announces that David Craven will join the Group as Chief Executive Officer in April 2011. David, aged 44, has been employed by the Tote since February 2005 and is currently Managing Director of Totepool and E-Gaming. David has extensive experience in the Gaming Sector having previously held senior roles with UK Betting plc and Wembley plc.

The Board also announces that Mike McLaren, Group Finance Director, will leave the Group in April 2011.

Peter Bertram, Chairman, commented: "These management changes are appropriate to reflect the Group's current size and strategic ambitions. David has considerable relevant experience and we look forward to welcoming him into the Group. Mike has served with the Group for 20 years and we thank him for the very significant contribution he has made during this time. Mike leaves the Board with its best wishes for the future."

The results for the period to 31 December 2010 are in line with the Board's expectations and the Group will release its results on 2 March 2011.

David Craven was previously a director of Alfabet Gaming Limited (dissolved on 3 July 2008) and Woad Barn Limited (dissolved on 22 May 2008).

Save as disclosed above, there is no information in relation to the appointment of David Craven which is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.

[littlemadam] 15/2/2011 15:12

DD
mms marking this down again and not even a whimper from the company. All very sad. Either this is a screaming buy with results out next month or mms know something we don't.
Surely SOMETHING must have happened since the last rns 6 months ago!

[dealer dan] 11/2/2011 14:41

I have held this one for over s decade when dropped to £1.20 from over double that - thats when I learned the meaning of a 'dead cat bounce' cos it then went down again to 80's & I have bought & sold all the way down. I still hold this so losing £1 share !! Scuse me while I get another hankie as a bubble coming on.
Sorry but I am in favour of the return of funds to shareholders (est 6p) rather than a purchase. Try sending em a letter.
AND HE WE GO AGAIN 3 million buys - the start of another bounce !!
oh the sound of that boyng !!

[littlemadam] 11/2/2011 11:36

Dealer Dan.
Can you help? I want to suggest to the Chairman or FD they should take a look at ZEN. Just put itself up for sale. Market cap is £13m, has cash in the bank of £13m and technology which is well worth grabbing. TMW should consider buying the company.
I have tried contacting but, although I am a shareholder they will not speak to me as I do not appear on the shareholders list (I hold through TDW nominee account).
Can you try?

[fuming fred] 11/2/2011 08:06

Like the look of this company but can`t for the life of me understand the share price performance. Plenty of cash no debt from what i can see and a great fantastic yield yet the share price has sailed south for the last few years perhaps it`s a growth issue but to me it looks unfairly treated by the market but i`m no expert.

Can anyone hazard a guess at what the companies real price is worth in terms of cash and assets?

Thanks in advance

[littlemadam] 10/2/2011 12:34

DD ta for that. i thought dates had moved.
anyone know if that 150000 trade at 22p was a buy?

[dealer dan] 10/2/2011 12:14

Dear Grahamburn,
email received 2/2:
The Company's year end is now 31st December and it is expected that the results to 31/12/10 will be released in mid March. The date for the 2011 AGM has yet to be set.
Regards
Mike McLaren
Director (TMW)

[littlemadam] 09/2/2011 15:18

At least Joe Lewis is still a big supporter, I know that for a fact. The current market cap is under £50m, profits are sound and there is £30m in the bank. Yet still we drop.
Hello, management, anyone there?

[bollers] 09/2/2011 13:27

I have a fair %ge of my portfolio in TMW and have also been singularly unimpressed with the lack of movement or news over the last months. On the face of it today's falls look bad - but it represents a change of tactic by someone.

I got the distinct feeling the price was being held at 24p for many months, any drop in the price would be met with a large buy to bring the price back up and vice versa.

The price now appears to being allowed to fall - it could of course be bad news coming. On the other hand it could be that somebody wants to trigger some stop losses or panic a few sellers to enable someone to pick up some shares on the cheap.

I might be reading too much into it and certainly not going to make any predictions... but at least something's happening!