TSE Group Share Discussion Threads

[equitydealer007] 09/12/2010 11:46

as one recently said....

Tseg is in effect a cash shell, with funds from the placing and the sale of TSE ..... assuming both go through. They are hitching the company's future to the management of David Wright who built up Incepta (now part of Huntsworth plc).

Holders are therefore backing both the new management and the new strategy.

The early performance is likely to be positive due to anticipation of deals and a tight shareholding list all of whom want the stock to perform in order to provide the currency for acquisitions.

The future is likely to be exciting to say the least and given the right market environment could be extremely profitable.

tick tock....

[equitydealer007] 09/12/2010 10:15

well, well.....there's a surprise! lol....i see we have a keen buyer today...roll on the 17th and beyond

[go_baby_go] 09/12/2010 08:32

Just in before the tick up. Should see a left prior to the agm and news.

[go_baby_go] 09/12/2010 08:22

Karm, Thats what I'm expecting. Fireworks.

[karm] 09/12/2010 08:13

This is like a coided spring, with the right News this will rocket. There's going to be a string of announcement from the 17th I guess which is going to put this company on the radar.

[sean caruana] 09/12/2010 08:12

Welcome aboard, I hope your apt username is a sign of things to come !!

[go_baby_go] 09/12/2010 08:06

This look interesting, has the potential to multi-bag IMO with the right news. So I'm onboard this morning for the ride.

[sean caruana] 08/12/2010 16:03

We are all entitled to our opinions but I do agree ED007, I think we will have lots of news in a short space of time and I for one would not want to be on the sidelines. A few more small buys today who are taking a nibble before the herd arrives next week. Gla

[equitydealer007] 08/12/2010 15:32

r u seriously thinking they intend on keeping the legacy business?? like you say Don't be silly! what would a PR firm want with a sports management consultancy.......zero id expect, thus id also expect it to be sold off which will add further funds to the pot. overvalued....mmm value is open to interpretation.... so here is mine......lets see what unfolds post 17th, as only then can you gauge any value as right now they are cash so it not hard at the mo! Im fairly confident we shall have some lifting news soon, he has been at this for the past two years as he stated. This is far from a standing still start......gla

[markie7] 08/12/2010 09:09

don't be silly. I'll buy this at 0.1 or so a bit later. certainly not in a firm that will be impacted. Wright knows his way round the patch for sure. It is the legacy firm in the group that is a dog, the plans themselves are fine, just overvalued in my view. At the moment.

[equitydealer007] 07/12/2010 18:59

well lets just see shall we....clearly an antagonist from a scared firm i suggest you are! sleep tight.......jobcentre number is online lol....

U certainly cant be a share holder............r u seeing your current holding losing value...........mmmmmm yeah

As for a dog...well this I have a feeling is going to bite you......lol

[markie7] 07/12/2010 15:21

pending = hopeful - looks like a dog to me. But I agree it's not in my analysis, but only cos it looks complicated and a piece of junk.

The £15m will be further funding, but will be equity, so will be dilutive - there is no way anyone should pay 0.14p at todays price when the placing price is 0.1p!!!

[equitydealer007] 07/12/2010 15:08

lol......Markie...good observation...but you are off the markie!!! U neglect to consider the pending sale of the core tse business....., you also neglect wrights statement about a further 15mil funding arranged. Best we just let you keep watching as this draws to the 17th, then we should have confirmation the egm was passed, thus allowing the full story to unfold.

I think its fair to expect wright not to be doing this on his own...I'd assume he has some of his pals from his past as part of his team.

As for that 2mil trade!!! it was a buy! I assure you of that.

And seeing .001p again is not going to happen....pmsl...nice try though...just give up and pay the current .001305p which you can get today, else id expect you will be paying more come post EGM. gla....dyor

[markie7] 07/12/2010 14:53

done some work on this. Current price is 0.14p to buy. Shares in issue will be 3.6bn. So, proforma mkt cap will be about £5m.

So, a business with £2.6m of cash in it as free cash to start a PR firm....maybe hire 6-7 directors on £150k each, and 12 staff on an average of £50k each - a bit of property, a few admin costs - means roughly you need to get to annualised £2.4-£2.5m income to make it work. Then you have a biz doing £300-£400k per year pre tax.....with maybe £1m left over in the bank for disasters...

Lets assume nil contribution from the existing biz, and nil disposal proceeds. it will be tough to sell for sure.

Would I pay £5m for this group? Probably not - needs to drop to close to or below the placing price to make it work. Might well buy some at 0.1p if it gets there.

[sean caruana] 07/12/2010 14:47

Good find Markie7, certainly a share with a risk/reward element. The Telegraph write up the day prior to the announcement stated that Mr Wright said he has been working on creating the media acquisitions vehicle for the past two years. Obviously, he was still confident enough to proceed and I think the next couple of months will show us all how shrewd Mr Wright is and if his timing is correct. GLA

[markie7] 07/12/2010 13:28

Everyone knows these are tough times for the public relations industry in general and financial public relations in particular.


Anthony Hilton
Client budgets have been slashed less brutally than in previous downturns, but the squeeze is real enough.

In financial PR, the 'money is no object' work has dried up and the dearth of listings on the stock exchange, the near-collapse of the private equity industry and the shortage of big contested takeover bids mean firms have had to live on the bread and butter work of client servicing. That does not keep them in the style to which they have become accustomed.

The big question is how many of these firms are ready to chuck in the towel because they lack the scale to survive long-term? And from that list, how many are worth buying and how many of their executives are worth hiring? In particular, this is the question that David Wright will shortly have to answer, as he is in the process of taking over an AIM-listed sports marketing company TSE, which is little more than a shell, raising a few million pounds in new share capital that he plans to use to build a major new force in the industry.

Wright, 65, has a track record. He left the FT in the late 1980s to join Streets. When that business imploded shortly after, he and key colleagues left to form Citigate, which they built into one of the most successful financial PR firms, before reversing it into Incepta in 1997 and subsequently merging with Dewe Rogerson - a deal billed at the time as the 'Civil Service meets the bovver boys'.

Wright left in the 2003 downturn and, in 2005, the business became part of Huntsworth.

It is the first time, since Peter Gummer - now Lord Chadlington - did it 20 years ago with Shandwick, that a listed company has been positioned to consolidate the PR industry and build a major business. Is the time right? Should people businesses such as PR be listed on the stock market? Do large PR groups ever really deliver efficiency? Is there enough value out there to be captured by consolidation? And does Wright have the hunger to do it all over again? We are about to find out.

[reba] 07/12/2010 13:17

Sean

It would help if the person who did the transaction advised accordingly.

could swing either way

[sean caruana] 07/12/2010 10:38

Not sure, if you sell more than 700,000 then the bid drops from .13 to .11 when doing a dummy trade yet purchases seem to attract the full offer of .14.

Sorry, that does not help much does it...

[reba] 07/12/2010 10:00

Hi folks

Is that 2M a buy or sell?

[equitydealer007] 06/12/2010 19:07

looks like a reporting error!

[sean caruana] 06/12/2010 11:18

How bizarre, purchased a few more early this morning on plus and the trade was exactly matched a couple of hours later at the same price .14, a mistake or mm's playing games !

[sean caruana] 03/12/2010 08:34

A couple of small buys on plus and both at the full offer. Not long to wait now... GLA

[flojo] 03/12/2010 08:21

Recieved corporate action notice today regarding name change ,all going to plan ,mutibagger here, wait and see. Dyor.

[equitydealer007] 30/11/2010 09:57

haha! Two months from now, I expect to see a flourishing flower! EGM will get passed as there are more than enough shares held by the few with controlling interest. Revenue generation is a must and first step, that said, what I think could happen is in the public domain.......they have cash! they also as stated by Wright have a further 15mill additional funding for growth. So Id expect fireworks over the next 2 months, staff leaving other top firms to join Porta (tse) as well as some bid action on the PR sector! I think this is going to be a very profitable share to be involved in. the journey will be long and fruitful, but id guess there to be trading opportunities along the way.

I guess we will know more if and when we hear about new staff, as we want to know from where they came! that alone should shed light on the forth coming year ahead! DYOR......gla