Tintra Plc

2.50 (3.03%)
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
  2.50 3.03% 85.00 183,424 16:04:12
Bid Price Offer Price High Price Low Price Open Price
80.00 90.00 87.50 72.50 82.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Amusement & Rec Svcs, Nec 1.32 -0.45 - - 11.36
Last Trade Time Trade Type Trade Size Trade Price Currency
16:07:40 O 191 81.60 GBX

Tintra (TNT) Latest News (3)

Tintra (TNT) Discussions and Chat

Tintra Forums and Chat

Date Time Title Posts
09/6/202316:22Tintra plc6,568
17/11/202204:57Tintra TNT - FinTech AI with Mashtraxx/Triller Team126
15/6/202221:02Tintra TNT - FinTech AI with Mashtraxx/Triller Team2

Add a New Thread

Tintra (TNT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-09 15:07:4281.60191155.86O
2023-06-09 15:04:0180.0012,51410,011.21O

Tintra (TNT) Top Chat Posts

Top Posts
Posted at 10/5/2023 08:57 by 2magpies
On the same day that the FLL agreement was announced, the share price got to £4+

No one, even FLL perhaps, ever imagined it would ever fall back to £1.10, what with investments at c.£11, let alone crash to 70p

They (FLL) had a really clever deal, they thought perhaps?

Now look what happened.

Understandably they must be angry. (they are not going to make huge money if TNT en-cash, which TNT is perfectly entitled to do!).

But a deal is a deal.

Posted at 09/5/2023 16:12 by fisternator
A statuary demand is asking for your money back.

It remains unclear if the agreement had repayment via cash/shares conversion is over 24 months in periodic increments, or anytime over the 24 months period? If it's the later then the sum would surely have to be paid on demand?

i believe that TNT realised the terminal implications on both future funding and the share price of issuing shares at vwap -5% when the price is down here.
They, like magpie says look like they are trying to suggest that the deed means 110p floor when FLL have a completely different understanding to the 30% rule,
Hence the fall out.


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."


(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 09/5/2023 12:57 by fisternator
Mr Magpie look at it like this with the application logic and reason
Fintech loan shark make cash by selling the shares at a higher price than they convert at right?

Why on earth would Fintech loan shark have written into a deed that they have the right to pay 110p FOR 30% of the loan, if the share price fall lower than 110p? That's barmy!
It makes Absoulty no sense whatsoever.

Are you saying They have it written into a contract the right for them to lose hundreds of thousands quid converting 30% above actual lower share price?
that is the very last thing they would do!

Are they now a charity as well as a last stop lender?

Posted at 09/5/2023 08:24 by 2magpies
As I read it:

1. 'Floor' Price suggests that shares cannot be subscribed to at a level below that (i.e. £1.10) . (It wouldn't be termed a 'Floor Price' otherwise)

2. The 'en-Cashment', as it were, alternative is only triggered at the election of the Company. (the subscriber cannot, e.g. 'elect' to subscribe at 70p)

3. 30% of the subscription is excluded from the en-Cashment option, and therefore, can only be settled via a share issue (but at a minimum of £1.10, with no maximum strike price).

4. Perhaps what the Company is attempting to do is to reduce the 'subscription' to 30% of the original amount.

5. If, then, a hugely a +tive announcement (e.g. a Puerto Rico licence) is made, sending the share price rocketting (in an instant -- as has happened with TNT - atleast 3 times in the past), the 30% residue will require even fewer shares to be issued.

Posted at 09/5/2023 07:57 by fisternator
Adg, as i read it Fintech loan sharks have the right to coverts 30% of the $3 million in shares, even if below the floor price?
This is what i believe the company may be trying to negotiate away from instead asking them to take their cash back plus 9% over the next 24 months rather than have to issue millions of shares at say 67p.
Whatever way you look at it the cash was supposed to be crucial for developing the banking platform and by the looks is getting paid back rather than being used for that purpose.
This company is a complete mess.


"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 30/1/2023 12:01 by andymunchkin
no single piece of news, however good it may sound, is 'the one' and conversely no missed deadline or single decision is terminal..
Today, I hope that our share price reacts rationally given the above context..
I do not really follow the markets or what our share price is doing on any given day and I encourage those buying our shares publicly to do the same.
Usually a business running a strategy such as ours is still private, so its steps along the way, including time slippages, mistakes and missteps are just that, private.
The current fund-raising climate is challenging, to say the least, but being able to fall back on the wider Tintra Group's broad relationship base is very helpful. While this is no guarantee of success..
I would like the market to understand that when we make statements that look to the future, they are just that, forward looking statements subject to change...

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.

Posted at 23/12/2022 09:16 by fisternator
So we will have about the equivalent of 14% of the companies shares issued in the first batch or let's say circa 2 million ($3.1 million) shares at VWAP of £1.50.

The volume on this share is garbage. Does anyhow have any idea how long the drag of two million shares overhang will have on the share price and clipping any rise on 'good news'?

We all know or maybe some don't that there will be no shortage of jam tomorrow 'good news' Rns; there always is on something of the night funded aim shares. And boy will this need it to enable the selling of circa two million shares
Or is the common held belief here by the 'Adams' that death spiral funders hold the equity for long term 'investments'?
Well they don't!

The share price below 160p 2nd tranche get out clause is the giveaway tell tale sign of their intensions. At that price with this shares volume, it would be far too risky to try and shift circa 2 million shares and convert @ 110p
They are actually almost saying 50p headroom isn't enough!

all imho

That's me.
Happy Christmas all
Have a great one BR ;)

see you all next Wednesday.

Edit-many thanks Rafboy

Posted at 16/12/2022 08:54 by 2magpies
Here we go:

1st RNS: Good RNS. Shearer has recognised that earlier announcements turned out to be overly optimistic as regards delivery timelines, and has allowed 45 days here, which is likely, imo, to be met.

The Dubai-based family office ought to have been named: just to add a bit of certainty that the investor would be less likely to renege, given the potential 'loss of face'.

Strike price is fantastic, and I see that there is a nod to the 1st round investors, what with their inestment being at strike price of 504p (btw, the open market share price has yet to reach, let alone exceed this level).

And note how few words have been used in this RNS.


2nd RNS: A bit of a verbal spaghetti ...... still working my way through it. So far, it seems to have put a dampner on the share price -- undoing much of the rocket-launch of the 1st RNS. The 'floor price' element, and the level it is set at (£1.10), is so far below the £11.78 established in the 1st RNS, that it does make one wonder: what is really going on?

Tintra share price data is direct from the London Stock Exchange
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 |

V: D: 20230610 15:17:58