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TNT Tintra Plc

32.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tintra Plc LSE:TNT London Ordinary Share GB00BHXM9D70 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 32.50 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 32.50 GBX

Tintra (TNT) Latest News

Tintra (TNT) Discussions and Chat

Tintra Forums and Chat

Date Time Title Posts
11/7/202422:30Tintra plc7,022
25/2/202411:08Tintra TNT - FinTech AI with Mashtraxx/Triller Team5
17/11/202204:57Tintra TNT - FinTech AI with Mashtraxx/Triller Team126

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Tintra (TNT) Most Recent Trades

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Posted at 02/4/2024 13:58 by adh0
Who still thinks that there ever was a HNWI in the first place?

If I have five red balls worth £1 each, and sell one to a "private bidder" which is really me for £100. Then there is a chance I can sell the other four red balls for £50 each because some suckers will think they must be worth £100 each based on the other one that sold and so they are buying at half price.
Posted at 11/3/2024 23:42 by bri15
Nothing on JP Jenkins now,TNT being taken off, probably the end now.
Posted at 23/2/2024 14:52 by masergt
Tintra: The Next Steps
05/02/2024
Tintra: The Future

"Next Steps

Having finally managed to complete the privatization the company is now focused on continuing with the building out of its strategy. Firstly its recapitalization, secondly a soon-to-be-announced (during February) merger and restructuring, and finally being able to settle down into the work of delivering the banking infrastructure solutions that we are deeply involved in building.

Over the past year we have been developing relationships with major funding partners in the Middle East. We realized that the nature of our business meant that we would be able to move faster and with more substance with a state-backed anchor investor rather than running the funding-round strategy. To that end we are pleased that we have secured three new sources of funding, two that are closed and one that we anticipate closing during Q1, along with sourcing a funding partner to allow for retail investors to exit the company should they wish to – although of course we hope everyone stays on this journey with us.

Having developed the technology and the fundamental strategy ahead of any other players we have been able to progress to the advanced stages of an anticipated merger with a state supported banking platform. This merger, which we expect to complete soon, brings the mission forwards three to four years and will allow Tintra to be a full service banking platform from launch, rather than to be a payment infrastructure for the first few years until certain milestones were reached. This meaningful transaction will be a world-first and has the potential to impact hundreds of millions of lives.

Go Forward Structure

Tintra Limited (ex-Tintra plc) will continue to remain the main holding company of Tintra going forward. New private equity and state equity will fund the business as it goes forward and this entity will form the basis of the merger should it complete.

Shareholders wishing to continue with us for the journey need do nothing. We are putting together a communications strategy to keep all retail shareholders informed and have a direct line to be able to ask questions and seek feedback by a much more active social media presence. This will be much easier as a private company where we can be more open and discussive as we go forward.

For those shareholders wishing to leave, the JP Jenkins facility will be live from today. We have shortened the usual 90-day period and the initial period will be for 60 Days for all orders to be gathered. There is an obligation for all shareholders to be treated equally so at the closing of that period there will be an equal split of shares at the 150p price.

However, there will be a second closing 90 Days after that for any shareholders that decide to take a ‘wait and see’ approach or only sell down part of their shareholding at this first opportunity."
Posted at 05/2/2024 11:04 by fisternator
Prior to todays announcement, below- i will set out the details of today's vague 150p merger announcement later today.

On the slim chance that these are serious questions and posts please take note of the following

A, Jenkins are a stockbroker who march trades for buyers and sellers

B they have no mandate from the BOD to buy shares at any price from TNT holders.

C The company have never said they will buy shares at 150p, that was a vague proposal from third party, totally none related to Jenkins.

D there is no offer anywhere at this time to buy TNT shares for 150p, if there ever was, it would not be through Jenkins but mailed direct to holders on share register.

E. JP Jenkins simply match buyers with sellers at any price that both agree on period!
Posted at 04/12/2023 11:08 by fisternator
looks like the natives, or at least one. Aidan31, doesn't care for my “Upskirting221; into their murky hapless and depressing situation at Tintra.
Please accept my apologies for misspelling your name Aiden31.
it would seem your finickity is somewhat highly selective and exhibits scant Introversion.
Further, on the scale of minor errors, that would seem somewhat insignificant when put on the weighing scales against your own peccadillo.


1. At £1.60 you posted "at this price I think traders could well take a punt a get a result!) I am currently nominally 15K down on my share value from last week on this one - and I'm not worried in the slightest - indeed, having been paid I put in some more"


2. Posted on a thread line that had the title the share price will be "500p next week' and this is the "calm before the storm"

3. That you had put your redundancy/retirement money in Tintra at an average of 120p and even topped up higher?

4. At £2.45 you talked of revenue streams by e.o.y 2023 and said at that price was cheap

5.Claimed to be up significantly at £2.90 but "not selling as my price target is far higher"

6 .At £1.80 you frustratingly posted that you had no more cash to top up but anyone that can will make "fast cash" whilst calling the posters ventilating caution "trolls".

7. Attacked a poster who said he had sold at a loss @ £1.90, sarcastically posting "oh so wise"

8. Said the company would have/has a Nasdaq listing.

9 AT £1.40 and down over £20k you chirp "At this price I decided to take some profit on another share and bung it in here - really don't know where they are getting the shares from as buys certainly seem to outnumber sells "

10. Jan 2023 you state a price target of £8.01

11 At £1.20 in March you again almost beg anyone to buy at that level sating yet again " fast money to be made". All you have to do is "read Twitter"? @90p later that week you post the same.

12 At £1.07 and over 35k down you post "having listened to the whole Q&A I'm confident that my choice to leave my money here is a sensible choice. I don't plan on taking any money out this year"

13 At 65p you post "At this price I couldn't resist, so sold out of one of my other shares to top up and average down here.


i could go on and on, but Aiden31. I'm sure you get the general idea.


all with upmost respect, and as always, happy to stand corrected if i misunderstood your posts


The fist of Christmas past.
Posted at 06/11/2023 08:55 by the_mandalorian
all these hopelessly transparent spiv games to try and protect the share price from Being at the 5-10p it should now be at so they can raise capital in the near future.

Why did the company not seek shareholder approval and just issue 30% of the company in new shares at 150p to this so-called bidder?
The shares would have gone to near that level with a genuine buyer via an issue of equity, and anyone wishing to sell at that price could have done so in the market.

stinks like Jordons yoga pants


imo
Posted at 01/11/2023 15:58 by dealta
adho we are not obliged to take that - the ‘offerer’; is obliged I understand from someone else the highest price that the stock traded at in last 12 months from 5th October which is around 5.00. We don’t have to take anything or even say yes. We get to decide. Happy if they go away and we get back to higher levels or come back with more realistic price but it’s still 50% uplift profit on current share price
Posted at 07/7/2023 15:10 by fisternator
Hi magpie,
Don't forget the $170,000 already repaid in your sums.
No share were issued. The first request was paid in cash using the floor price rule when the shares were about 85p or VWAP of 76P. That is when the issues all started with Fintech LLC.

The 504p price was only the price for the first 4 weeks,(1) after that it reset to the 5 day VWAP -8% just before the date of the actual repayment request.
There was a floor price of 110p(2)
This virtually cements the 30% being exempt from that floor price in the deed. I still remain faithful to that, and now it seems even more to tie it all in.

If the 30% exemption from the floor did not exist, then the company would only have to have paid a 9% fee to repay the $3000000 as per the deed and not circa 30% as per last RNS?

This brings us all back to the initial debate, i suggest they wanted to convert 30% or circa $1 million at 8% discount to then vwap share price of 75p-85p and the company knew that would kill them and any new investment for good, so did not allow and hence the dispute.
The company have now seemingly if the RNS is correct paid around 21% extra in cash above the deed agreement (or 30% in total) save issuing 30% of $3000000 in discounted shares.
To be fair to the company i would have done the same.
Or, it could be an RNS typo?
However, no amendment has been made and the company are aware of this thread pointing out the £/$ difference.
AIMHO.

(1)*the Subscription Price will reset after the initial month to the average of the five daily volume-weighted average prices selected by the subscriber during a specified period immediately prior to the date of the subscriber's notice to issue Subscription Shares, less an 8% discount, rounded down to the nearest pence.

(2)Further, the Subscription Price will not be the subject of a cap and will be the subject of the Floor Price of GBP1.10 per Share. If the Subscription Price formula results in a price that is less than the Floor Price, the Company may elect not to issue shares and instead opt to repay the applicable subscription amount in cash (with a 9% per annum premium), subject to the subscriber's right to exclude 30% of the subscription from such repayment.
Posted at 09/5/2023 14:17 by 2magpies
"FURTHER, the Subscription Price will not be the subject of a cap and WILL BE the subject of the Floor Price of GBP1.10 per Share. If the Subscription Price formula results in a price that is less than the Floor Price, the Company may elect not to issue shares and instead opt to repay the applicable subscription amount in cash (with a 9% per annum premium), subject to the subscriber's right to exclude 30% of the subscription from such repayment. (emphases added)"



1. Subscription price will be subject to a floor. (£1.10)

2. "subscriber's right to exclude 30% of the subscription from such repayment", imo, does NOT mean that subscriber can INSIST on shares being issued in lieu, at that time (at whatever level the prevailing share price is at). No pricing formula has been set out (in the event of sub-£1.10 levels; but for several other levels there are precise formulae). Absence of such pricing metrics suggests no issuance was anticipated, at levels below Floor Price. It would be odd, for either party to commit to a future transaction at an indeterminate (even indeterminable) level. It would be impossible to perform a contract with no terms.

3. Subscriber has the right, but does not have the obligation, to exclude 30% tranche.

...................................................................

Some more:

(a) "The subscriber has agreed to certain, substantial, limitations on its ability to dispose of the Shares it receives. The subscriber is also contractually precluded from shorting the Company's Shares."


and

(b) "Each subscription under the Deed will be made by the subscriber by way of prepayment for Shares to be issued at the subscriber's request within twenty-four months of the date of the subscription (the "Subscription Shares"), at the Subscription Price, subject to the Floor Price"

The 24 month timeframe (for the issuance of shares, but NOT for the subscription itself) commences from the date of each subscription.

(c) Subscriptions (any of them) are only at Tintra's request. Apart from the 4 month (expired), and 6 month (expires 16th June) limits, there is no time limit as to when Tintra may raise additional funds under the agreement (academic now, anyway).

therefore, and (d), since a subscription can ONLY be at Tintra's request (because it is Tintra that is raising funds!), it follows that: the 30% non-cash element is ALSO subscribable for shares, but at a time of Tintra's choosing (not at the subscriber's choosing).
Posted at 30/1/2023 10:46 by 2magpies
Said it before, and shall say it again:

TNT share price performance appears, to me, to be inversely co-related to the amount of verbiage spouted by Shearer.

far, far too many words.
Tintra share price data is direct from the London Stock Exchange

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