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

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Date Time Title Posts
30/6/201023:03The Steven Tedesco and Admiral Bay Obsession Thread3
06/9/200522:26TES-The Future is assured89
22/10/200408:53Bet on T R A D I N G S P O R T S for 2 0 0 4581

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shiny000: 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.
britishbear: Hyper - ahhh, but they want to. They have desire to buy these phones and as China grows, incomes will increase and more and more Chinese will be able to buy these phones. That is why TES is a growth story - share price reflects future growth potential which is massive and why I am in and thinking of getting more. Another tick up
the knowing: Another one EPIC LONDON (AFX) - Aquilo PLC said it knows no reason for its share price movement following the recent decline in the stock. The insurance company said the fall occurred on small trading volumes, and in the absence of any trading update or newsflow from the company since its flotation in May. It added it intends to bring forward the announcement of its interim results to Sept 8 to update shareholders on progress. bam
adam0101: I lost today too but hope to recover with JVP check them out, the share price is totally undervaluing the company and they have cash in bank.
dusseldorf: Warning - £4.5m at 15p......good luck if you made a jump ship! as soon as the shares hit the market the share price will collapse...down to 15p. I'm not deramping, I'm trying to be nice to those who think this will stay above 20p
me me: RNS Number:5591B TradingSports Exchange Systems PLC 03 August 2004 For Immediate Release 3 August 2004 TRADINGSPORTS EXCHANGE SYSTEMS PLC PROPOSED SUBSCRIPTION FOR UP TO 30,000,000 SUBSCRIPTION SHARES AT A PRICE OF 15p PER SHARE TO RAISE UP TO #4.5 MILLION TradingSports Exchange Systems plc ("TradingSports" or "the Company") has noted the recent movements in the company's share price, and confirms that it has received, and is progressing, a proposal from a number of institutional and other investors, led by Mr Terry Ramsden, to subscribe for up to 30,000,000 shares at a price of 15p per share, raising up to #4.5 million. Final negotiations are still on-going and a circular outlining the above, and other, proposals will be sent to Shareholders in the course of the next week. Further announcements will be made as appropriate.
thumbtwiddle: TradingSports Exchange Systems plc ("TradingSports" or "the Company") has noted the recent movements in the company's share price, and confirms that it has received, and is progressing, a proposal from a number of institutional and other investors, led by Mr Terry Ramsden, to subscribe for up to 30,000,000 shares at a price of 15p per share, raising up to #4.5 million. LOL!
brownie69: Anyone any idea whats actually going on? Mystified given the announcement on 27th of funding likely to be at 15p or less. Surely board need to update even if its the time honoured "Board knows of no reason for the increase in share price". Of course if they do know reason we shopuld be informed. My hunch is that this could be a lot of hot air....
moneypm: can someone briefly explain why the share price fell from 140p to below 20p ?
daza75: From Shares mag today: page 90 I thought i would let you know about the latest company which I (and others at Redmayne Bentley) have bought into. Tradingsports Exchange Systems (TES) floated last year raising £4 million. On 5th May, full year results were released covering the 12 months to 31 December 2003. Most importantly, the announcmentcontained details of a placing of 1,000,000 shares to Ray Ranson at 21.5p and i believe that this is very positive news. The directors of the company are of a high calibre and the current market capitalisation, a fraction of the level at which TES floated, is a value which could sharply appreciate if the company start to generate a profit. I spoke to the chief exec Joe Tighe, last week and he belives the company will be cash flow positive early next year or late this year - sooner if contract are won. There has already been significant expenditure in terms OF development costs and the business seems to represant a similar story to that of ASOS a couple of months ago, as far as i can see. TES have seen their share price plunge despiute making veryu good progress and i believe that there is a good chance the price will now climb as the compnay moves towards profitability. Chris Bragg Redmayne Bentley Stockbrokers.
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