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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Twenty | TWE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.25 | 0.25 |
| Top Posts |
|---|
Posted at 11/10/2011 17:18 by tara7 Thanks Marab, Investors like to blame the brave, however some have made millions from my posts .They could not lose millions cos most of what i buy can be bought for under that, ie companies with a market cap under a million. |
Posted at 30/6/2011 07:56 by marab Final Results for 2010 on website |
Posted at 23/3/2011 12:44 by tez123 My Cheapest Stock in a Long TimeMarketing services group Twenty Plc (TWE.L) is listed on the Alternative Investment Market in London. Its market capitalisation is a tiny GBP 1.7m at 3 Pence offer and the shares are somewhat illiquid, as expected, with trade amounts possible of up to GBP 3,000 (approximately $ 5,000). The company's flotation took place in 2006 at a post-split price of 2.55p and the shares shot up to 6 Pence from just under 2 Pence upon news that a division was sold. This sale has eradicated TWE's debt and currently the company has, as per last interim results, net cash of GBP 1.55m. Since April, 2010 when the shares hit 6p, the stock price has languished first due to traders taking profits followed by demoralised investors selling out. The great news is that this May, Twenty will receive GBP 1.89m from the disposal as well as another GBP 1.06m in May, 2012. Ignoring the money due in 2012 we can see that Twenty will have approximately GBP 3.44m once the money is received in May. The market capitalisation is only half of the net cash figure at GBP 1.7m. This discount is too large. There are 57.2m shares in issue, ignoring options and warrants which only start vesting after 9p, which gives a per share value on the GBP 3.44m of 6p per share. Add in the remaining GBP 1.06m and we calculate a net cash value of 7.86p per share. The great unknown, of course, is that no one knows for what purpose the company has earmarked the cash. A special dividend would not be shareholder friendly due to taxation, perhaps a return of capital would suit all parties. The fear is that the company will make a rushed acquisition and delete value to the business as opposed to adding value. Past earnings have been lumpy with deficits recorded for year ending December, 2005 and 2008. Historically no dividend has been paid. Director remuneration is broadly in-line with other microcap companies. The share register is nicely spread. The CEO owns just over 20% whilst the FD owns just under 5%. There are no other real assets apart from the usual office equipment and furniture. There is around GBP 4m goodwill on the balance sheet. Liabilities come to GBP 2.42 of which GBP 2.22m are payables. I wish that this stock could be included in the monthly value competition but no foreign stocks are allowed hence this is only a short article to generally inform those interested in these types of companies. Further research should obviously be done before investing. However there is a large valuation discrepancy here as well as a catalyst to move the share price (when the news is released in May that the money has been received). The company website is here: Disclosure: Long TWE.L |
Posted at 17/2/2011 13:59 by tara7 "As highlighted in previous reports the board is focused on restoring shareholder value."WHAT MORE CAN A NEW INVESTOR WANT.!! |
Posted at 17/4/2007 15:23 by guru11 Investors Chronicle comments appeared to be a bit muted !!not over enthusiatic. |
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