Twenty Plc Share Discussion Threads

[dr knowledge] 17/2/2011 14:08

Knowing - no - they were just caught lying (like most of them)! ;-)

[knowing] 17/2/2011 14:06

Bradford and Bingley or GTE ;-)

[dr knowledge] 17/2/2011 14:04

"As highlighted in previous reports the board is focused on restoring shareholder value."

Errrrm, could anyone name me a company where the board announce that their focus is to destroy shareholder value??? Nope? (back to basics methinks and most definitely NOT a reason to base share purchasing decisions). ;-)

[knowing] 17/2/2011 14:01

Looks interesting Tara. Will take a look at this. Is AFNs figure for shares in issue correct? Do you know how many in free float?

[tara7] 17/2/2011 13:59

"As highlighted in previous reports the board is focused on restoring shareholder value."

WHAT MORE CAN A NEW INVESTOR WANT.!!

[tara7] 17/2/2011 13:49

Still just 3p to buy, [they bought back their own stock at 3.3p.!]

[tara7] 17/2/2011 13:43

The company will have 6.5p of cash in just 3 months and another 1.5p to come.!!

[sportbilly1976] 17/2/2011 13:41

From holding rns;

"The Board of Twenty Plc (AIM: TWE.L), an investment vehicle focusing on the
marketing services sector...."

looks good on a net asset basis Tara, one question will be what they choose to do with the funds when received in May

[freddie ferret] 17/2/2011 13:36

Sorry for my ignorance but what does this company do? What is its website address?

[tara7] 17/2/2011 13:33

See the SALE RNS

[tara7] 17/2/2011 13:22

Infact two million due in just 3 months time.!!

[tara7] 17/2/2011 13:02

REASON.

CASH = Market cap.

CASH DUE = an EXTRA £3M over the next two years, [now 18 months]!!!

Company buying back its own shares.

In profit.

Valued today at a tiny £1.5M.

[crimeprotection1] 20/5/2010 08:15

MM's at it again, absolute scandal!

[crimeprotection1] 19/5/2010 10:04

The fact remains we are now trading at less than cash, stupid! Will be buying more.

[induna123] 19/5/2010 09:02

Well this turned out to be a bit of a damp squib. Thought we'd be over 6p at the very least. Is it that old adage buy on rumour sell on fact?

[induna123] 18/5/2010 14:46

Tomorrow should be interesting, most won't have seen the news yet.

[topinfo] 18/5/2010 14:41

They just wont sell you any shares whatsoever.

[topinfo] 18/5/2010 14:35

So 11p then alltogether and business for free, no wonder you cant buy them online.

[crimeprotection1] 18/5/2010 14:31

Just bought in again, mm couldn't understand why the interest according to my broker, wanted to know if it had been tipped somewhere! Replied that I'd simply read the RNS which stated cash balances now exceeded current market cap (or did when I bought! Really makes you wonder sometimes doesn't it!!

[induna123] 18/5/2010 14:28

+ the deffered £3m which adds another 5p to the share price

[topinfo] 18/5/2010 14:23

No debt and business thrown in for free and this gotta be worth 8p-10p a share at least. Cant buy even 5k online and they are quoting 8p so may open at that when they decide to let it trade eventually when they have eaten their ham sandwiches sh*tting themselves where they going to get shares from. Mkt obviously thought this wasnt a done deal hence the share price but now it is they need shares fast.

[induna123] 18/5/2010 14:17

Bingo, RNS. So they now have £3.5m in cash or 6p a share.

[topinfo] 18/5/2010 14:17

Fill yer boots Guys 2.5 Times mkt cap at least.

DJ Twenty PLC Completion of Disposal

TIDMTWE

RNS Number : 1280M

Twenty PLC

18 May 2010

?

Twenty plc

("Twenty" or "the Company")

(AIM: TWE)

Completion of Disposal

Result of General Meeting

Further to the announcement made by the Company on 30 April 2010, the Company is pleased to announce the passing of the resolution to approve the disposal (the "Disposal") of the entire issued share capital of DF Property Portfolio Limited ("DFPP"), the holding company of Dataforce Interact Limited ("Interact"), at the General Meeting of the Company held earlier today and that the Disposal has now been completed.

The initial consideration for the disposal is 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 DFPP and Interact (the "Interact Group") at completion of the Disposal ("Completion") and the net debt position between the Company and its remaining subsidiaries (the "Remaining Group") and the Interact Group at Completion.

The Deferred Consideration is payable in two instalments over two years. The sum of GBP1,892,000 is payable on the first anniversary of Completion and the sum of GBP1,061,500 is payable on the second anniversary of Completion.

Following receipt of the Initial Consideration and repayment of outstanding bank debt facilities, deal fees and working capital adjustment under the sale and purchase agreement, the Company expects to have net cash of approximately GBP3.5m. Twenty now intends to concentrate on accelerating it's strategy to become a market leader in the development and deployment of digital integrated marketing platforms.

Commenting on the completion of the Disposal, Ian Lancaster, Chief Executive said:

"This sale represents a refocusing of Twenty plc in the fastest growing segment of the marketing services space where we feel that we are developing a real edge in our product portfolio and that the business is well placed to take advantage of the increase in digital spend."

Enquiries:

[induna123] 18/5/2010 08:19

General meeting today 10am to approve the disposal.