Timeweave Share Discussion Threads

[calamity] 25/4/2011 21:55

littlemadam....haven't much to comment on really other than we are in the boards hands as ever I suppose...waiting for what... other than another divi in November and next May...with the share price retraced to the equivalent of the current divi...is it really worth it hanging around...or is that the intention of the board and JL to see the PI's retreat and sell up...then some sort of release of news to send the price flying...in 2 minds as whether to sell up and move on or hang about for events to unfold...where is the Tote sell off in all this and could TMW and JL and his associates be involved....hmmmmmmmmmm....???????????...

[littlemadam] 25/4/2011 20:24

calamity, or anyone else who can help or wishes to comment.

On a serious note how can the board justify managing (if that's the word) in such a way? I cannot recall any of my investments over the past 18 years being so boring and lacklustre.
Many companies would love to be in a position of making good profits, have contracts well into the future and a cash pile of over £30m.
We get a Chairman who seems to do sweet FA and an rns just once in a while.

Clearly Joe Lewis is still heavily involved, owning 29% of the company. I expected him to get things moving long before now.
Do you have an e-mail for the Chair? I would be tempted to ask him a question or two. I did try to contact him via the (recently departed FD) but I had the distinct impression he kept blocking my attempts.

[calamity] 05/4/2011 17:28

Looks like Zebedee could be onto a winner though.........the rest of us will just.....ZZZZZZZZZZZ

[littlemadam] 05/4/2011 13:01

like a coiled spring - time for bed said Zebedee. zzzzzzzzzzzzz

[calamity] 05/4/2011 10:55

ZZZZZZZZZZZZZZZZZZZZz.............ah what........zzzzzzzzzzzzzzzz........

[ianood] 05/4/2011 08:43

... and waiting .... and hoping!

[littlemadam] 05/4/2011 08:10

graham.
One or two of us watching and waiting .... and hoping!

[grahamburn] 04/4/2011 12:14

Know no one out there is listening, but more strange behaviour today. For the last hour or so the bid has been fluctuating every few seconds between 24.5p and 24.75p without any trades going through - after dropping significantly and temporarily at the open.

[grahamburn] 16/3/2011 15:16

Strange flurry of trades between 13.40 and 13.53 - in round figures there were 150,000 buys followed by 150,000 sells.

[timorg] 11/3/2011 16:47

gartmore 12,116,857 = 5.3%

[grahamburn] 11/3/2011 12:50

That RNS is preumably because they now own more than the notifiable limit (ie 3%), but it also looks like they may not have held any shares before. Looking at the trades on 24 Feb there were three after close of business totalling 20m+, so wonder who had the remainder.....

[littlemadam] 11/3/2011 11:51

Taken a while, but rns says Gartmore now own 12m+ (just over 3%). Cannot see them previously on the register.
Anyone any views?

[littlemadam] 07/3/2011 10:15

I thought we might have had an rns or two, saying about holdings following such large share transactions.

[littlemadam] 04/3/2011 12:29

Yes, interesting.
Up slightly; if we get through 26p we are under starters orders!

[boadicea] 03/3/2011 21:19

Selling now nets the divi as capital. Selling after the divi is taken off the share price returns less capital and produces an income instead. I guess the choice probably depends on the tax position of the seller relative to those two situations.

[calamity] 03/3/2011 18:39

Which ever which way it is....someone has just chucked away a divi payment of 205K pounds plus...and someone... if they hold them till 15th April...has just gained that amount...it hasn't affected the price...so far..strange someone would hold a share that within what6weeks could make them 205K....perhaps they wanted out and this was the way with a carrot of a divi within a short timespan....

[stewolf] 03/3/2011 17:33

Blimey, a 12.8 mil trade . . wonder what that is?
Makes mine t'other day look a bit sad!

[richandjanet] 03/3/2011 09:12

My guess is there won´t be any action until the new man arrives

[boadicea] 02/3/2011 18:22

At current low interest rates the company won't be earning much on the cash, so returning say 10p/share to holders would boost the yield to 15%+ if it knocked that 10p off the share price. On that basis it might knock very little off the share price

Agreed, they could do something interesting with all that cash, but my experience says they're just as likely to do something silly!

If this were any normal company it would be trading around 38p - i.e. a p/e of 10 for the business on a nil cash basis (=24p) plus another 14p for the cash.

[littlemadam] 02/3/2011 09:54

boadicea.
No mention of returning funds to shareholderas. TMW now has £31.9m in cash, which I think equates to about 14p per share. So, it ain't going bust anytime soon but the market clearly wants some action with all that loot before it adjusts the share price.
I do not think a return of cash would do the price any good. We need to see them do something with the loot.
I was given to understand the Chairman has been undertaking a review of some sorts over the past 5 or 6 months. I cannot see any news or sign of that.
In the meantime the divi is great but, as you say corporate action has to follow soon.

[boadicea] 02/3/2011 08:52

Final results out -



At a quick glance the earnings (excluding discontinued businesses) are flat, i.e. 2.6p/s for 13 months against prev 2.4p/s for 12 months.
Final dividend is 1.6p for total of 2.6p (for 13 months) which is a full profit pay-out and a yield of exactly 10% at sp=24p.
Apart from the generous divi, I have not spotted any further reference to the return of funds to shareholders - but as I say, it was only a quick glance.

The business looks ripe for further corporate actions of one sort or another.

Dealit: Copy and paste of formatted info on this bb is a waste of time as all formatting disappears and it becomes unintelligible. A link (rt click, select "copy link location") is preferable.

[dealit] 01/3/2011 06:28

This makes approx 10m shares sold this week, where have they gone?????

3. Full name of person(s) subject Credit Agricole Cheuvreux
to the notification obligation: International Ltd
------------------------------------- --------------------------
4. Full name of shareholder(s) (if
different from 3.):
------------------------------------- --------------------------
5. Date of the transaction and date
on which the threshold is crossed
or reached: 24/02/11
------------------------------------- --------------------------
6. Date on which issuer notified: 28/02/11
------------------------------------- --------------------------
7. Threshold(s) that is/are crossed Less than 3%
or reached:
------------------------------------- --------------------------


8. Notified details:
---------------------------------------------------------------------------------------
A: Voting rights attached to shares
---------------------------------------------------------------------------------------
Class/type of
shares if
possible Situation previous
using the to the triggering Resulting situation after the triggering
ISIN CODE transaction transaction
-------------- ---------------------- -----------------------------------------------
Number
Number of Number
of Voting of Number of voting % of voting
Shares Rights shares rights rights
-------------- ---------- ---------- ------- ------------------ ------------------
Direct Direct Indirect Direct Indirect
-------------- ---------- ---------- ------- ------- --------- ------- ---------
Less Less Less
than than than
GB0000221894 7,112,000 7,112,000 3% 3% 3%

[calamity] 28/2/2011 18:26

Is the mist clearing and the horses being led out....hopefully not for the slaughter....but to race....lay your bets please gentlemen....

[littlemadam] 28/2/2011 18:16

Stewolf.
Welcome aboard, it could be good timing. Cash of £30m equates to 14p per share; profits should be £7m, which may all be returned as a divi. The interesting bit for me is Joe Lewis' holding.
I understand he has been involved in the review which will probably be included with the results. Should get interesting.