Twenty Plc Share Discussion Threads

[sportbilly1976] 30/4/2010 11:48

From their website:

Twenty Plc

Number of AIM Securities in Issue 48,270,600

% AIM Securities not in public hands 6.84%


possibly explaining why hard to buy currently...

[dubois] 30/4/2010 11:47

Initial consideration, I make 11.3p per share!!!

[sportbilly1976] 30/4/2010 11:45

spreadex taking orders.....

[dubois] 30/4/2010 11:45

Over £7m is the initial consideration (subject to adjustments on value of assets)

[sportbilly1976] 30/4/2010 11:41

It is due to receive £10.193mln over the next two years, against a current mkt cap of about £2mln...!?!?!

[topinfo] 30/4/2010 11:40

Cant buy any online at all.

[topinfo] 30/4/2010 11:33

TIDMTWE

RNS Number : 1314L
Twenty PLC
30 April 2010

TWENTY PLC
(AIM: TWE)

("Twenty" or "the Company")

Disposal of Division


Introduction

The Board of Twenty, an investment vehicle focusing on the marketing services
sector, announces that it has entered into a conditional agreement for the sale
of the entire issued share capital of DFPP (DF Property Portfolio Limited, the
holding company of Dataforce Interact Limited ("Interact")) to HOV Global
Services Holdings Limited for an initial consideration of GBP7,239,610 ("Initial
Consideration") plus deferred consideration of GBP2,953,500 to be paid over two
years ("Deferred Consideration").
The Initial Consideration is subject to adjustment depending on the value of the
net current assets and net cash position of the Interact Group at completion of
the disposal ("Completion") and the net debt position between Twenty and its
remaining operating subsidiaries (together, the "Remaining Group") and the
Interact Group at Completion. Interact has an invoice financing line with
Lloyds TSB Commercial Finance Limited which will be satisfied at Completion.
The Initial Consideration to be paid at Completion will be reduced by the amount
required to settle this facility.
The proceeds of the disposal will be used to fully repay all bank debt of the
Remaining Group following the disposal and to provide working capital and
acquisition funds to accelerate Twenty's strategy of becoming a market leader in
the development and deployment of digital integrated marketing platforms in the
UK.
Background to the Disposal
Pursuant to a group reorganisation ("Group Reorganisation") in August 2009, DFPP
transferred its database management and analytical services business to
Dataforce Online Limited (a wholly-owned subsidiary of Twenty), its group
management function to Dataforce Central Services Limited (a wholly-owned
subsidiary of Twenty) and its customer interaction and outsourcing business to
Interact (a wholly-owned subsidiary of DFPP).
The purpose of the Group Reorganisation was to create a clear distinction
between the digital marketing side of the business, which now takes place
through the Remaining Group, and the customer interaction and outsourcing part
of the business which now takes place through Interact.
The Company has decided that it does not have sufficient resources to be able to
pursue a dual strategy of developing the Interact customer interaction and
outsourcing service lines, in addition to driving forward with the speed
required to capitalise on the opportunity within the data and digital marketing
arena operated through the Remaining Group.
The Group Reorganisation took place on 26 August 2009 which means that the
results of Interact and the Remaining Group are not reported separately in the
interim results of Twenty for the six months ended 30 June 2009 (announced on 30
September 2009). However, the Directors estimate that the unaudited profit
before tax of the business now operated by Interact for the six months ended 30
June 2009 was approximately GBP877,000 and that the business operated by the
Remaining Group for the six months ended 30 June 2009 made an operating loss of
approximately GBP638,000.

[dubois] 30/4/2010 11:19

Looks a good deal on the surfice. Will read again

[love it] 13/4/2010 08:40

4 bid 1 offer...due a move

[love it] 23/3/2010 13:52

Up again and not one post. MM went up and some one bought another 50k with no rise. 1 mm on the offer now next offer 2.75p.

What gives?

[love it] 22/3/2010 14:51

L2 is strong as well 3 bid 1 offer 1 on the next offer. This one seems to spike. Just watching at the mo.

[love it] 22/3/2010 14:44

anybody got any info on this one, is that shares issued at 7.2p compared with current market price of 2p ?

[markie7] 15/3/2010 09:39

"counsel" surely....schoolboy error....

[puku] 14/3/2010 11:10

agreed, but other bits strange too. T/o only £250,000, loss of £2.1m so how will this affect Twenty profitability. Assume Twenty think T/o will go up to and above £5m - why ? If so sellers get 15% of extra turnover and option for more Twenty shares. Vendors getting out of a disaster at no cost , and hoping Twenty will come good. Twenty think there is great ptoential. Twenty cheap below 2p but not inclined to add yet.

[abbey8] 01/2/2010 15:15

does not make a sens.anyone here.

[investorpro] 01/2/2010 12:32

It is a condition of the Acquisition of Moveme Services Limited that Advent
Private Equity and Local Globe III Limited ("The Vendors") will subscribe for
2,408,368 new ordinary shares of 0.1p in Twenty ("New Ordinary Shares") at a
subscription price of 7.2p per share for a total consideration of GBP175,000.

Not too sure what to make of the acquisition but a conditional subscriptiuon price of 7.2 in comparison to current share price of 2.5p

[kirs] 22/9/2009 09:28

Why no forecast for these turkeys? Do they not know how they are going to perform?

[hugothesecond] 02/8/2009 14:43

Now we know where the share purchase earlier this Spring by Mr Lancaster came from ?

There is something brewing thats for sure........

The price strength at the end of last week will mean a step up soon.

[hugothesecond] 27/6/2009 10:09

We are having a breather now before the next step up.

I believe there is no downside at this level.

I shall be topping up next week.

MBO is a realistic possibilty Kris.

[kirs] 22/6/2009 12:17

well if something is happening - there should be an announcement pretty quickly. And if there is nothing happening, there would have to be an annoucement....

MBO?

[hugothesecond] 20/6/2009 10:57

I did warn you that there would be some action.

Yet another increase in directors holdings, the four directors now hold over 30% of business, double their stake they had back in Jan.

IL now has over 22%.

There is something brewing thats for sure.

[hugothesecond] 06/6/2009 15:40

Time for some news..............shareholders do not increase their stake for no reason. Its now over 3 months since major stake building.

[hugothesecond] 30/4/2009 16:55

Looks like we could be in for a rise again.

[pelleeds1980] 03/3/2009 15:40

This is a bit of rarity being at a level higher than Jul 07's price.

Anyone know much about this outfit? Had a small punt recently