Share Name Share Symbol Market Type Share ISIN Share Description
Trading Ex LSE:TES London Ordinary Share GB0033044313 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown 0.2 -2.1 -29.0 - 0.00

Trading Ex Share Discussion Threads

Showing 751 to 767 of 775 messages
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LOL! But isn't that David Walliams?
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Trad - welcome - thought this might be up your street if not a little risky - we all need a little Chinese exposure imo. They have a lot of work to do but they could just pull it off.
Many thanks for your input Tradx666.
BB/Ursamajjora, I have to say having been away for almost 6 weeks (on and off) means that I missed this one. In short, it looks like a gem, smart management with strong local knowledge into a market that is simply exploding, and better still are selling a 'total' service i.e. value-added content as well. I'm sure it will not have passed your notice that UK banks are now buying into chinese (ex-state owned) regional banks ahead of the financial liberation of markets there; the minister responsible for the finance sector was quoted at a Euro-finance conference recently as suggesting that significant foreign stakes in all their financial houses was likely to happen within a couple of years and that western style disciplines on such things as gap accounting would have to happen. I'm also aware of another chinese based business that will be floating here within the next month or so (of which I will be buying).. In short, there is always risks in foreign markets, but having read all that I can the DD looks solid. This really could be much much bigger than carphone warehouse! IN short, I'm a buyer shortly! regards to all and thanks for pointing me in this direction. T..
Almost back where we started - the name change and associated publicity should give it another push. Happy holding
Did I hear this one was written up in telegraph in last couple of days?
C - don't worry - will have no real effect on the value of your shareholding. It is just to get the nominal value of each share down - may be required for options/capital raising etc.
The company is proposing, subject to shareholder approval at an EGM to be held on 7th September 2005, to subdivide each existing ordinary share of 10p into 1 new ordinary share of 0.1p and ninety-nine deferred shares of 0.1p. The deferred shares will not be listed and the rights attaching to them will render them effectively worthless. Is this share dilution of 100 for 1??? the no of shares in float at present time is 35million. does this mean that we will have 3,500,000,000 effectively of which 99% will not be listed???
UK mobile phone content developer MonsterMob Group PLC has agreed to buy China's ATOP Century Ltd for around 100 mln usd in cash and shares, in a bid to exploit booming demand for ringtones and cellphone games in the world's biggest country. MonsterMob said the acquisition would give the company its first foothold in Chinese mobile entertainment content at a time of unprecedented growth in the market. China already has 345 mln mobile users, but with penetration rates at just 25 pct, the number of subscribers is expected to jump to 570 mln by 2008, he said. "The Chinese market is growing at such a phenomenal rate of knots that it's probably the most exciting country to be in right now," MonsterMob chief executive Martin Higginson told AFX News in an interview. Not only is the number of Chinese mobile users growing at break-neck speeds, but the quality of handsets is also improving rapidly. That means MonsterMob will be able to sell more sophisticated and expensive content to Chinese mobile users over the coming years, according to Higginson. "Remember that most of the phones in China are the older second generation phones (2G). But most of the handsets being sold now are 2.5G ... which shows the extent of the growth potential out there," he said.
cir - fair comment but EBT seem to be chasing the more dicerning customer by locating in large supermarkets - you should go to an EBT shop and report back. Remember that EBT has relationships with all the top handset manufactures so will get new product and will also have the support systems in place. Still be interesting to get feedback on how the retail outlet is designed and whether the shop had any/many customers. Note also that EBT already have pretty good revenues so the Chinese are at least buying handset from them - why will this not continue?
EBT China Mobile? have never heard of the name. there are hundreds of thousands of outlets, small or large, selling mobile phones on the streets and alleys(or long in chinese) of shanghai. a peasant from, say, anhui province can come today and set up the next day a tiny stall flogging all sorts of digital gadgets. profitable venture? hardly! p.s. chinese and been living in shanghai since the last tech. bubble burst in 2000!
Mitchell in Chinese role as Trading Exchange moves for EBT Mobile PERRY GOURLEY Scotland on Sunday - Sun 21 Aug 2005 THE former chief executive of the Scottish Premier League, Roger Mitchell, is joining the board of a Chinese mobile phone retailer after it completes a reverse takeover deal of the stock market company he heads. The deal between The Trading Exchange, which ran a betting software business in Glasgow, and EBT Mobile China - dubbed the 'Carphone Warehouse of China' - was announced after several months of negotiations. Investor interest in the deal saw the Trading Exchange's shares on the Alternative Investment Market rise sharply last week. When Mitchell was brought in to turn around the company's fortunes a year ago, its market capitalisation was £1.5m. When the takeover deal completes it will be more than £40m, based on last week's share price. The price rise also means Mitchell is sitting on a paper profit of more than £250,000 on the 1.5 million share options he was granted when he joined the business. The Trading Exchange became a cash shell in May after selling off its sole operating business in Scotland. It is acquiring EBT Mobile for £19.7m in a shares deal and will issue shares in a placing to raise around £4m. Mitchell said the deal, which will be put to shareholders at an EGM next month, was a good one for investors. "We looked at a number of opportunities and we held negotiations with various companies," he said. "But it was the growth possibilities of EBT Mobile, linked with the fact that it has a western management and such a strong brand already out there which attracted us. "When we went out to Shanghai to see them we realised what a strong differentiation point they have in the market. EBT really has the chance to become the Carphone Warehouse of China." Mitchell will become a non-executive director of EBT Mobile and, through his Glasgow-based consultancy company, Albachiara Limited, will also provide finance and business development advice. EBT was founded in 1996 and has 73 stores - the majority of which are in the Shanghai region. It has opened 12 outlets to date in 2005 and at least 17 more are planned for the second half of the year in Shanghai and three further provincial cities. Its management team is headed by US businessman Jim Reiman, who is chairman and chief executive. In 2004 EBT generated about £17.4m of revenue - up from £11.8m in 2003. Martyn Konig, the executive director of The Trading Exchange, said the market for mobile phones in China was vast. "There are some 360 million mobile phone subscribers, but as usage moves closer to levels seen in developed countries, that figure should increase to around 900 million in the long term," he said. "We have had detailed discussions with the management of EBT and we think this deal is an excellent opportunity for both companies. "EBT gains access to fresh capital and access to the equity market, while shareholders in The Trading Exchange will own a stake in an exciting growth company." Mitchell joined The Trading Exchange in May last year and was appointed chief executive three months later. Before heading up the SPL he had worked in mergers and acquisitions while at HSBC and James Capel Investment Banking. He also served as the chief financial officer and chief operating officer of Virgin Music Italy (EMI Group). When Mitchell was recruited he was tasked with carrying out an immediate strategic review of the business after the company admitted that its original business model was not working as well as expected. A relocation of the company to the West of Scotland Science Park premises, where the technology arm was already based, was one of the moves instigated following the review. The company also raised £3.5m in a rescue deal, including funds from its largest investor Terry Ramsden, the flamboyant former bond trader. The sale of its trading operations came after a review of the business carried out by Mitchell, and a request last October by major shareholders to look at options to maximise shareholder value. The business was sold to Intuition Capital, whose directors include Ben Arbib, son of multi-millionaire Sir Martyn Arbib, who founded the Perpetual investment group.
Well done lads, lets hope we get a bounce back up next week :).
From stockmarket reporter: --------------------- On Thursday, we described Trading Exchange as a business that provided technology to the internet gambling sector. This was incorrect. The company actually sold this business in May and has since reversed a Chinese telephony operation into the group. Please accept our apologies for this error.
Nice work Nappers - all publicity is good publicity - shame we have the drop off today - I wonder if that other institution is offloading the rest of its shares. I assume they just want a successful exit of a much earlier investment.
Just got an email back from the stockmarket reporter - an amendment will be made today on the newsletter regarding TES and the china mobile deal..
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