Warthog Share Discussion Threads

[dusseldorf] 17/4/2007 14:52

Nice volume building, looks like a 5m+ share sale was completed earlier this morning, would guess that may be part of the reason price was held back under buying pressure. or maybe it was a buy, hard to tell with T trades....

[garykc] 16/4/2007 22:28

Well of course It's pure speculation. Why else invest????

[kielbasa] 16/4/2007 20:25

Just pure speculation on your part. Good Luck to you!!!

[garykc] 16/4/2007 20:15

Just a hunch. I know the odds are mostly against a massive rise, but I made a little on SER recently with their rise and I feel a similar rise is due here soon. Why would Barclays invest 14% in a cash shell? As the old saying goes, there ain't smoke without fire. I am hoping my hunch is correct. The purchase was exactly £5k with costs' etc and I dealt with Selftrade. I looked at these a while ago but was fully funded in SER that's why I didn't invest earlier. I have no inside knowledge with the company.

[flannyblue] 16/4/2007 18:11

Garykc,

Why did you choose to invest here? What piece of evidence made your mind up? Please share it with us. If true it was a large purchase. I assumed it must of been Barclays changing positions again. What more can you tell us?

[garykc] 16/4/2007 17:57

Good evening all. Joined the "party" this afternoon with the 2.8m. A bit miffed at having to pay a higher price than someone who bought the 1.6m but there you go. Been looking at this one for a while now but only just been able to get hold of the necessary funds. It's going to be fairly interesting soon with a bit of luck. Good volume again today.

[alby220] 13/4/2007 15:28

thank you Dusseldorf if you hear anything of interest can you please post it,and i will do likewise

[dusseldorf] 13/4/2007 11:13

alby220 - no news, just speculation I would guess. As for being capped more than some trading companies its not unusual - a shell is clean and generally has a little bit of cash and a low burn rate, trading companies at a similar cap level can have poor performance, debts and restrictions on stock issues etc..a shell is generally more attractive to potential reversee's hence would attract a premium.

[alby220] 13/4/2007 09:34

is there any hard news behind WHOG's apparent rise from the ashes of tiger inc,this shell company will soon overtake the share price of some penny shares,with functional enterprises behind them, Any ideas to what's going on?

[dusseldorf] 13/4/2007 09:19

Up again, will assume a delayed trade to appear in the next 1hr - though having said that, the price change time was 7.54am so before market open. Looking good to edge out of the bollinger band upper limit.

[dusseldorf] 04/4/2007 16:09

Barclaycard must declare every percentage movement so when stock breaches 14 > 13% its notifiable. Agree its a tad crazy as anyone buying 500k shares within Barclay trading will again warrant an RNS as it moves up from 13>14%

[barrywhit] 04/4/2007 14:47

Another RNS, I can't believe that Barclays will keep sending out RNS's just because one nominee account holder changes their holding, crazy, talk about being transparent.....

[mercier et camier] 04/4/2007 08:34

Flannyblue

If those involved in the RTO leak news (which they invariably do) then yes because punters like the poster above will rush in not fully understanding what an RTO means and what is involved when a company has no money.

The problem then arises if you try to sell or you decide to hold until the details of the RTO are released. Must dash but I will go into more details tonight.

[dusseldorf] 03/4/2007 23:18

Mercier et Camier - You are incorrect re not a single penny, Whog has approximately £90k cash remaining assuming a further £31k burn since last interims AND wiping out any debtors, sufficient to see it to any aquisition or 18 months of 'listing'.

Also, the volume of dilution (25/50/75%) is irrelevant. If a company is aquired at 0.5p/share - and market valuation after share issue gives around the same, who cares what percentage existing holders have been diluted by?

Whatever WHOG aquires will be the new benchmark for its valuation and it will of course involve dilution and/or recapitalisation....but at what price?

The only indicators given have been that the company director has issued himself 10,000,000 warrants at 1p/share via the companies nominated advisor which he is also director

[flannyblue] 03/4/2007 22:47

Mercier, If a reverse takeover does materialise, wont the share price rise before dilution?

[mercier et camier] 03/4/2007 22:37

It does not look promising. WHOG is a shell company capitalised at £500K with not a single penny to its name. Barclays nominees hold 14%. Other nominees through TD Waterhouse, Selftrade and other brokers will also hold a stake. If a reverse takeover were to materialise in would certainly involve the recapitalisation of WHOG's shares resulting in a wipe-out dilution.

If the RTO involved a company worth £500K it means a 50% dilution.
If the RTO involved a company worth £1M it means a 66% dilution.
If the RTO involved a company worth £2M it means a 75% dilutiion.

Even at the stupid price of 0.13p you'd be wise to get out.

[flannyblue] 03/4/2007 17:52

Theres still hope.

[paulo2] 03/4/2007 16:24

Warthog PLC
03 April 2007


Warthog plc (the 'Company')

Holdings in Company


The Company was informed on 30 March 2007 by Barclays PLC, on behalf of Barclays
Stockbrokers Ltd and Gerrard Ltd, that it held 48,929,737 ordinary shares of 1p
each in the Company ('Ordinary Shares'), representing approximately 14.07 per
cent. of the Company's issued ordinary share capital, as a result of a
transaction on 28 March 2007.


3 April 2007


This information is provided by RNS
The company news service from the London Stock Exchange

[dusseldorf] 03/4/2007 13:33

The trader through Barclaycard has bought a few more....I'm assuming that a single individual is not responsible else we'd have seen an RNS concerning that.

[enewman36] 03/4/2007 10:51

What ever gives you that impression rmart, they have huge numbers of shares in issue and many were sold months ago.

[dusseldorf] 03/4/2007 10:41

rmart - I wouldn't go that far, MM's still quoting in excess on 1m below ask.

[rmart] 03/4/2007 10:02

looks like stock is becomming short. Should start to see a nice rise from here imo.

[dusseldorf] 03/4/2007 09:00

Lord Santafe - Personally, I have faith in the greed of those 'in the know'..

Accordingly, it has appointed Acorn Corporate Finance Limited to assist it with
this strategy. One term of this engagement is that following completion of an
acquisition Acorn Corporate Finance Limited will be issued with warrants over
10,000,000 Warthog ordinary shares with an exercise price of 1p per share.

The Warthog Chairman, Ian Templeton, is a director and major shareholder of
Acorn Capital Partners Limited, of which Acorn Corporate Finance Limited is a
wholly owned subsidiary.

Ian Templeton can be considered as one 'in the know' and when he is effectively granting himself via Acorn, 10,000,000 warrants at 1p / share, he already has a deal and a price in mind and 1p seems value for money.

[lord santafe] 03/4/2007 08:52

Quite tempted to put 1,000 in for the long term here.

[dusseldorf] 03/4/2007 08:49

FYI ABRADA
At its forthcoming AGM on 9 November 2006, Warthog plc will put a resolution to
its shareholders to approve the following active investing strategy as required
under the AIM Rules:


"To preserve so far as possible Warthog plc's cash resources whilst it seeks to
find an acquisition of a business of scale, which would constitute a reverse
takeover under the AIM Rules and for which the consideration would
probably comprise principally the issue of new ordinary shares in Warthog plc.
The Directors, whose experience includes both financial and operational matters,
are primarily seeking a UK-based business from within the wider technology
sector."


Shareholders should be aware that if Warthog plc does not complete a reverse
takeover or otherwise substantially implement its investing strategy within one
year of the above resolution being passed, its ordinary shares will be suspended
on the AIM market


i.e. The shares are not in danger of suspension until Nov 9th 2007, plenty of time for a reverse aquisition IMO.