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Tek selling down further perhaps?
Quite a lot of small sellers again today. Are all these people blind to the current disconnect between the SP and the asset value?? Amazing - even if some people (including me) have a low opinion of management.
For 4.97p......
Just read the information around the IPO of SALT, which appears to have got off to a flying start-sadly the polar opposite of the experience of the glasses business in the US, which has been a total flop. Included in the information is reference to TEK’s entitlement to subscribe for additional shares in SALT at a 10% premium to the IPO price-which one day could be very sweet indeed. At least 2 substantial private investors have taken big positions in the stock at what still appear to be ridiculously low levels. Very good luck to them!
Thank you. Confirms what I thought that even accepting that the management of TEK have proven largely to be appalling in most respects, the current SP is simply wrong.
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I’ve been away and am more than a little out of date-so can you please tell me the value of our shares today in SALT, which appears in my absence to have got off to a flying start. With BELL having secured the TMTA cash, it seems to me that the current SP of TEK is well below the sum of the parts.
It isn’t my target price - it’s just the historic all time high SP. If the company is in a better position now than then, I don’t understand why it shouldn’t be able to hit that price again.
When will it reach 136p again so that I can get the hell out this ?
“The announcement has created a flurry of activity as traders look to seize some clear and obvious value.” “Heated early trading matched by frenzied rumours of an eagerly awaited trading update, with high expectations of out performing market expectations accompanied by the backdrop of increased profit.”
Is this text in the wrong BB ? It has certainly given me a good laugh this morning. Powerful words for a lousy share. Remember when it was 136p ?
Real danger of share price in the 4’s today after this fairly grim update.
Encouraging to see that John Gunn, a very wise and seasoned investor has been recently buying stock at what still look like ridiculously low levels if this company does indeed have the brilliant prospects (if very questionable management) that appear to exist.
I too am trying to digest this ! Terrym - I admire your resolve and continued buoyant optimism. It's like buying a winning lottery ticket but loosing the ticket. Let's hope SEE gives you the reward you deserve - you'll certainly have earned it!
@DavidW2016 yes, this will be our problem - as soon as this share rises, all the PI's will cash out and keep the price low. However, I do not feel that enduring nearly a decade of exhaustive emotional turmoil and daily disappointment at 7am is worth only 10p/12p ! For me, it's worth 20p at least (then hopefully a TO offer raising that figure) At this stage, I certainly won't be selling at 10p - what's another 1-2 years ? I wouldn't vote for that. I don't really understand why this share doesn't move at all anymore regardless of the positive news or sentiment - especially when the stock market is forward looking. Are other AIM stocks reacting like this due to macro conditions rather than single company performance ? I don't understand how these auto companies are going to comply with new mandated regulations in such a short timeframe (a few months?? I thought decisions in the auto industry were made years in advance!) I don't understand what these silent Stifel brokers are doing - sleeping at the wheel I guess (perhaps they need some eye-tracking in their computers to keep them awake?) - but I continue to have faith in PM. I hope this happens for us all very soon.
Sadly, it is blindingly obvious that
1 The grown-up members of the UK investment community (as there doesn’t appear to be the slightest interest in the US or elsewhere, despite the extremely curious decision to use largely anonymous American brokers) completely ignore anything that PM says-as his 3-4 year track record is frankly verging on embarrassing.
2 The legislative imperative to have DMS in all European cars by mid year (presumably the principal reason why many of us got sucked in) is either being ignored by manufacturers, or is ultimately going to be set back to a later date. How else can one understand the lack of news flow from almost everywhere?
3 Aviation is for the birds!
4 Share tips in quality newspapers-usually good for at least a 10% SP boost the following day-are ignored.
5 Any sign of sustained buying (eg earlier this week) is always met by equally enthusiastic sellers.
6 Many of us will indeed be spending any uplift to the SP in the tuck shop of the care home (as recently speculated on this board) if indeed we’re even that lucky.
7 A bid for the company in the short and probably medium term looks as likely as Stoke City winning the European Cup.
I’m so far under water with this share (ditto BELL to be honest) that it almost doesn’t matter-but I do genuinely think that this company has been so abjectly mismanaged (the latest sale of 3.5m BELL shares at frankly “any price we can get” being the latest example) that going bust is a very likely scenario.
There is absolutely no certainty that an IPO of the micro cap salt business will even get away (there has hardly been a single IPO in London for months) and even if it does, the opportunity to sell many shares will presumably be extremely limited.
Meanwhile the glasses business is going nowhere, BELL clearly by it’s own “purchase” of TNTA is skint and it’s any bodies guess as to the value (if any) of the motor parts outfit.
Once upon a time, prospects for TEK looked good-but repeated errors of judgement and timing have seen us to a share price of 6p-which even now may be overvalued.
As for the CEO receiving bonus payments. There are no words!
How much more selling does TEK need to do ?
Won’t take long to get to single digits
If I try to be more considered (rather than ranting on here haha) in my frustration and confusion regarding this transaction, (BELL/TMT), I think that it's quite bizarre that both companies have the same broker. (perhaps this is at the heart of the delay / problem ??) It looks like both companies also have common shareholders, and whilst the deal very much appears to favour BELL giving them easy access to almost £5m of cash sitting in the TMTA shell, one has to question what's actually in it for minority TMTA shareholders, many of whom invested into a company with a seasoned BOD and an ambition to do something more imaginative than to 2 years later sell their cash for a small premium to another AIM company that is hardly going from strength to strength! Perhaps the same thought is occurring to the TMTA board or the regulator of such transactions. Whatever the reason, an update needs to happen WELL before 4th March when this Takeover Extension Offer period allegedly ends. I don't want to hang around this share beyond end 2024 and I'm sure not many others do either.
That’s positive news! Do you think that it needs to be passed by the Senate before Nov 2024 and is this possible ? (I’m unsure of the law making process in UsA but let’s hope that it can be legislated before the election!)
Another day - another week - goes by with no news. As time progresses, I further question the moral and professional principles of the team ‘leading’ this company who seem happy enough to leave PI’s in the dark - yet no doubt ensure that their own pockets will be indeed lined. Had I not lost over half of a pretty large investment (in terms of my own investment portfolio) in this company, I would sell out and never look back.