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Directors?
Thought ELE already had £13m net cash in the bank - so being sold off for £3.5m only - a nice move for the co buying us out, giving them a nice £13m odd cash - another AIM shambles Under the terms of the Acquisition, Electric Word Shareholders will be entitled to receive: for each Electric Word Share 3.93 pence in cash (the "Offer Price"). · The Offer Price values the entire issued and to be issued ordinary share capital of Electric Word at approximately £16.58 million. Http://www.investegate.co.uk/electric-word-plc--ele-/rns/statement-re-recommended-cash-acquisition/201706270705012215J/ ____________ _____________________________________________________________________ £13.9m net cash inflow from disposals, leaves the Group with £13.0m net cash at 30 November 2016 http://www.investegate.co.uk/electric-word-plc/rns/preliminary-results/201702140700067635W/
From the below sales of business's the co has approx £11.7m + £1.512m + £1.665m + £856k = £15.5m cash & from today's rns below £15.5m / 408m shares = 3.8p - not that they will return all of this to s/holders but gives you an idea that the current share price is just the cash in bank element - all other business's valued at zero "The Board is now reviewing the infrastructure and working capital necessary for the future development of SportBusiness Group and the extent, form and timing for returning cash to shareholders. A further announcement in this regard will be made in due course" 18/12/2016 Electric Word plc (AIM: ELE, "Electric Word", the "Company") today announces that it has conditionally agreed to sell its indirect 70 per cent. shareholding in iGaming Business Limited Net cash proceeds of the Sale receivable by SBG on Completion are expected to be £12.2 million. 19/06/2016 The Directors of Electric Word plc are pleased to announce the disposal of the trade and certain assets of the Company's subsidiary, Radcliffe Publishing Limited The total consideration is being satisfied in cash, and comprises £1,000,000 less a £43,061 adjustment for deferred revenue at completion, with £856,939 payable on completion 02/11/2016 RNS The Directors of Electric Word plc are pleased to announce the sale of the Company's subsidiary, Optimus Professional Publishing Limited Consideration comprises £1,512,501, which has been paid in cash on completion 15/11/2016 RNS The directors of Electric Word plc (the "Board") are pleased to announce the sale of the trade and certain assets of the Company's subsidiary, Speechmark Publishing Limited The total consideration is being satisfied in cash, and comprises £1,850,000, with £1,665,000 payable on completion and £185,000 payable on the first anniversary of the completion date. The Board is now reviewing the infrastructure and working capital necessary for the future development of SportBusiness Group and the extent, form and timing for returning cash to shareholders. A further announcement in this regard will be made in due course. http://www.investegate.co.uk/electric-word-plc/rns/disposal/201512180700074964J/ http://www.investegate.co.uk/electric-word-plc/rns/disposal-of-business---assets-radcliffe-publishing/201506191318097127Q/ http://www.investegate.co.uk/electric-word-plc/rns/sale-of-optimus-professional-publishing-limited/201611020800021070O/ http://www.investegate.co.uk/electric-word-plc/rns/sale-of-the-business---assets-of-speechmark-publis/201611151101232193P/
Moving
Bid up 7per cent higher then offer that is up 4per cent. Good
Good
According to last interim Total equity 14m Total cash 11m Mcap 9.7
Only a £100 buy showing yet a 5% rise on that ???? Must be on isdx or something
My small buy is not showing on LSE L2 this morning.
Nice RNS yesterday..interested to see where this goes now
Great news. Values the rest of the company at a few million based on the current mc
Mon, 4th Jan 2016 17:31 RNS Number : 7889K Electric Word PLC 04 January 2016 4 January 2016 Electric Word plc Completion of Sale Further to the announcements of 18 December 2015 and 4 January 2016, Electric Word plc (AIM: ELE) is pleased to announce that the disposal of its 70 per cent. interest in iGaming Business Limited, held through its SBG Companies Limited subsidiary, has been completed. Capitalised terms and expressions have the same meanings as those attributed to them in the Company's circular to shareholders dated 18 December 2015. Enquiries Electric Word plc +44 (0) 20 7265 4170 Julian Turner, Chief Executive William Fawbert, Finance Director Trillium Partners Limited +44 (0) 20 3008 8375 (Financial adviser to Electric Word) Philip Mastriforte Andrew Zelouf Panmure Gordon (UK) Limited +44 (0) 20 7886 2500 (Nominated adviser and broker to Electric Word) Andrew Potts Trillium Partners Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Electric Word plc and no one else in connection with the matters referred to in this announcement and apart from the responsibilities and liabilities, if any, which may be imposed on Trillium Partners Limited by the Financial Services and Markets Act 2000 and the regulatory regime established thereunder, Trillium Partners Limited will not be responsible to anyone other than Electric Word plc for providing the protections afforded to clients of Trillium Partners Limited or for providing advice in relation to the matters referred to in this announcement. Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Electric Word plc and no one else in connection with the matters referred to in this announcement and apart from the responsibilities and liabilities, if any, which may be imposed on Panmure Gordon (UK) Limited by the Financial Services and Markets Act 2000 and the regulatory regime established thereunder, Panmure Gordon (UK) Limited will not be responsible to anyone other than Electric Word plc for providing the protections afforded to clients of Panmure Gordon (UK) Limited or for providing advice in relation to the matters referred to in this announcement. This information is provided by RNS The company news service from the London Stock Exchange END
Seems that way veldt
This must have allot more to go today buying started this morning at 4 and has not been any lower all day think it will rise quite allot this afternoon
Just posted: Electric Word (#ELE) sells iGB business for cash - special dividend on the cards shareprophets.com/17350
Net cash proceeds of the Sale receivable by SBG on Completion are expected to be £12.2 million
Circa £20m sale and £12m back to share holders is that correct?
7p target.....
The Sale values the whole of iGB on a cash free debt free basis at GBP19.7 million
on that news. Cash to be returned to Shareholders.
£20mil sale MASSIVE NEWS
Certainly an eye catching deal, will be interesting to note the reaction when picked up and fully digested.....GL S
bagger news
News relates to FTE