PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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big deals going on here but the SP seems to refuse to budge!?
Do i read that right? wonder what the cut off date was / is?
Just come in check share news!!!!
Anyone seen any more news on this one?
Nice :-)
Where are you!!
Moving north shortly. lots of buys!
2MILLION IN BUYS,no movement how is this possible.
Defying gravity HERE.
Yeah me too, just wonder why it didn't move the price. Anyone any ideas?
It makes me feel a lot better to see those investments.
Didn't affect it at all. How odd?
BIG BUYS - one to watch tomorrow.
Look at the last 3 buys
But it ain't moving!
Why!!
A lot of decent buys!
decent buys coming in now :-)
Bought in at 34.50 yesterday what'your opinion for the future.
Take a look http://investor.syniverse.com/phoenix.zhtml?c=187074&p=irol-newsArticle&ID=1083854&highlight= DYOR.
There is no mention of a date, however, the way I see it you have 2 options 1) pay premium today @ 35p to get 20-22p in the new year so the shares are costing you 13 - 15p each or 2) wait until everyone has been paid the special dividend and pick them up at 40% of current price. The key is that the unit they sold contributed over 60% to EBITDA so once it is sold the company will be revalued, on that basis worth 60% less atleast giving todays price. I would rather wait and pick them up cheap in the new year.
Do you know what date you needed to hold the shares on in order to qualify please.
Billing Services Group Limited 2 April 2007 Proposed: Disposal of Wireless Business for $290m in cash; $105m underwritten Refinancing of continuing Wireline Business; and one-time cash payment to Shareholders BSG, one of the telecommunications industry's leading clearing and settlement, payment and financial risk management solutions groups, today announces: the proposed sale of its European Wireless Business to Syniverse Technologies, Inc. ("Syniverse") for $290 million in cash; a $105m refinancing of its continuing Wireline Business resulting in a lower debt-to-EBITDA ratio than that of the current BSG Group, with an underwritten facility through Morgan Stanley Senior Funding, Inc.; upon Completion the Company will repay its existing debt facilities of approximately $250m;
Shareholders to receive a one-time cash payment of between 20 to 22 pence per Common Share, subject to completion of the transactions; future strategic focus to be on its cash-generative, market-dominant North American Wireline Business, which accounted for approximately 60% of the group's 2006 pro-forma EBITDA; the intention to initiate regular payments of dividends from the highly profitable Wireline Business; the ongoing business will also continue - o the current expansion into financial payment services; and o to benefit from already established, increasing cost efficiencies; and the Board has received financial advice in relation to the Disposal from Morgan Stanley. Commenting on developments, Randall Brouckman, Chief Executive Officer of BSG said:
"I am delighted to report today better than expected financial and operating results, the conclusion of our strategic review, the refocusing of our business through the proposed disposal of our Wireless operations and the payment of a one-time cash payment to shareholders. "Today's developments and separately released financial results clearly demonstrate the value in our Wireless business and the highly cash generative nature of our Wireline business. These transactions enable us to maximise shareholder value through both the positive return for shareholders while maintaining a basis for future growth. "Subject to the necessary approvals, we can now concentrate attention on growing our Wireline business as we seek to create further value for shareholders from growth through a more targeted and financially unencumbered business and the regular payment of dividends."