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TMW Timeweave

22.75
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Timeweave LSE:TMW London Ordinary Share GB0000221894 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 22.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 22.75 GBX

Timeweave (TMW) Latest News

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Timeweave (TMW) Discussions and Chat

Timeweave Forums and Chat

Date Time Title Posts
24/11/201222:22Timeweave399
01/11/201208:31Tom Winnifrith. Avoid like plague or ?!!2

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Timeweave (TMW) Top Chat Posts

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Posted at 07/11/2012 15:19 by iomarbarrett
Yes, it would involve holding shares in a private company. However, you would be an owner of one of the cheapest companies on the global stock market (almost all year TMW has come in top 3 entries on Greenblatt's renowned value filter - you are paying EV of £18.3mm for a company that should capitalise at about 7/8x EBITDA > 60-70mm intrisic value). I would add that if you have a problem holding onto ludicrously cheap equities such as this, then you should perhaps be better served avoiding SMid Equities entirely.
Posted at 05/11/2012 14:28 by iomarbarrett
The Company have released further information clarifying the percentage required to Compulsory Acquire the remaining unaccepted shares:

Mayfair intends, in the event that it receives acceptances of the Offer in respect of, or otherwise acquires, 90 per cent. or more of the Timeweave Shares to which the Offer relates (representing approximately 93% of the existing issued share capital of Timeweave), to exercise its rights pursuant to the relevant provisions of the Companies Act 2006 to acquire compulsorily any remaining Timeweave Shares on the same terms as the Offer.

The Company has confirmed that the current acceptance level is 92.99%, the Offer is therefore not presently Compulsory.
Shareholders wishing to accept the Takeover should make their election below by no later than the deadline date of 9 November 2012
Posted at 30/10/2012 08:33 by cgod
Your boys are here now, could be a timeto invest?


DCD Media CEO steps down

30 October 2012 | 07:30am

StockMarketWire.com - DCD Media chief executive Sammy Nourmand is stepping down from the role today (30 October) and and will leave the company at the end of the year.

The board thanked him for his significant contribution to both September Films and DCD.

DCD says that following a strategic analysis of the business, it is repositioning its resources to address the significant revenue and growth potential of the North American TV production market.

The company has tasked a dedicated team, led by DCD's key creative talent David Green, with the strategic goal of rapidly growing market share and enhancing its burgeoning US business.

Consequently, Green has relinquished his corporate role to concentrate on capitalising on the success of September Films and building a strong creative team committed to developing new landmark productions in the US on a full-time basis.

Green will remain an ex-officio executive director of the DCD Media Plc main board but steps down as chairman of DCD today.

He said: "I am absolutely delighted that our major shareholders have recognised the massive opportunity for growth in the US market. DCD has a hugely impressive track record and a peerless reputation in the US; we can and will build on this." Richard McGuire, chairman of Timeweave plc, also a DCD non-executive director, has been appointed as DCD's non-executive chairman. In addition, the company announces that Timeweave plc's CEO, David Craven, currently a DCD non-executive director has been appointed as DCD's new CEO.

His appointment takes effect today.

Craven commented: "DCD Media is committed to its US expansion programme. We are delighted that David, strongly supported by LA managing director Pamela Covais, will be focusing all of his time and efforts on the expanding US market."

The company is also pleased to announce that it has secured a new commission with an expected gross revenue value of £4.25m.

Further details will be released in due course
Posted at 02/10/2012 07:49 by fairenough11
So,for around £50M they have robbed shareholders of

£33M in cash(Retail was given away also as was worth at least twice what alm sold it for)

So for £17M they have robbed shareholders of:-

Turf TV(Producing Pre Tax of around £6/£7M in profits pa)???????????

DCD Media

Sporting wins

So stripping out the cash,they have bought £6/£7M of earnings + DCD media and sporting Wins for £17M---Pure legalised Theft imo.

Joe has been aided in this legalised theft by the company not being promoted in any way by the BOD.Well done Craven et al.where was the company promotion to the city??.As soon as this guy arrived I marked your card.

They even fell back onto Aim so it could take place.

Non promotion of the company has allowed the share price to languish and the pure legalised theft to take place.
Scandalous imo.
Posted at 14/9/2012 08:38 by yesrupnel
I had assumed the takeover was going through. Mindyou it is close with 46% already agreed so it wouldn't take much for a smaller corporate holder to join in with Mayfair and it could still happen at 22p.

What do people think

Will Mayfair up its price - say another 10% to 24p to get 5% extra share?

Will Mayfair walk away - I think unlikely?

Will Mayfair up its price - say 30% to 29p and get 75% shareholders on board?

Any thoughts?
Posted at 12/9/2012 08:38 by dealer dan
No its not all over - there are three weeks before shareholders must decide by 2nd
October by which time TMW Bod recommendation will be out. There is a long way to go yet. Who gives a .... about DCD shares they will be free in Kelloggs cornflakes
before long !! Doom & gloom merchants are rife on this site to say nothing of above constant negative drivvel....
Posted at 08/9/2012 14:32 by dealer dan
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
Posted at 29/7/2012 07:53 by dealer dan
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.
Posted at 01/3/2012 15:18 by greasynut
Todays announcement will come as a shock to those who bought in for a long term 10% dividend income stream. To completely eliminate the dividend is quite an extreme step to take in one go and I am surprised that the share price has not suffered more (early days though). Can't see much upside in the share price in the medium term as a decent fraction of the shareholder base has effectively been told to 'get lost' and that will create an overhang of people wanting to exit on any share price opportunity.

However, the company has always stated that its strategy is to invest its cash pile sooner or later, so we can't complain about the loss of cash backing the share if that starts to happen.

A line from the results states 'The decision to suspend the dividend distribution is specifically in response to an opportunistic investment environment.'
They currently have £33.4-£8.4=£25 million available cash. It would be incautious to go below £16m before the Matchbet issue is resolved, which only leaves £9m spendable. If they paid out £6m in divis it would hardly be worth the effort of recruiting a new CEO, having performance targets etc, so I can see where they are coming from. I don't suppose they will be going on a spending spree.

Having said all that I would have much preferred it if they had shut up shop and just become a pass-thu vehicle for the AMRAC cash. Funnily enough, there would probably be much more upside in the share price if they did just that.

Aside from the divi and litigation issues, the cashflow from AMRAC will remain as the main driver of value for this company in the long run. It is just that my share of that cash is going to be reallocated by management, rather than myself.
In many circumstances this would be enough to make me exit my (rather modest) position. However, at the current price the fundies look rather compelling according to my spreadsheet so I think I'll see what develops for the time being.
Posted at 08/2/2012 22:20 by greasynut
The loan notes will have a fixed £ value when they become due in October.DCD will then redeem the loan in cash or shares, the number of shares dependent on the set conversion price for each issue.

The best deal for DCD would depend on the share price (or intrinsic value?)at the time.
eg Above 18p, best to pay cash. Below 18p, best to issue shares.
For the 1p conversions, certainly better to pay cash rather than issue loads of new shares.

The opposite scenario is probably better for TMW. We do not yet know their strategy - cash return/strategic holding/takeover.

The key point, ISTM, is that it is the choice of DCD whether to issue cash or shares. All the comment I have read assumes that they will fully convert and TMW will end up with 29.99% of the equity. I expect that will depend on their financial position at the time, and how much they want to curry favour with TMW (eg agreed deal).
Timeweave share price data is direct from the London Stock Exchange

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