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hefty
still worth holding
Any ideas why MBT seems to be plummeting recently?
any positive read through from whatsapp acq?
big trade........
Mobile Tornado Group PLC 28 August 2013 THIS ANNOUNCEMENT IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. 28 August 2013 Mobile Tornado Group plc ("Mobile Tornado" or the "Company") Result of General Meeting On 2 August 2013, Mobile Tornado (AIM: MBT), the Instant Communications services provider for mobile devices, announced the proposed Placing of 20,000,000 new Ordinary Shares at 20 pence per Ordinary Share to raise gross proceeds of GBP4.0 million. Also announced on that date was a proposed reorganisation of certain of its capital under which, in aggregate, GBP4.0 million of funds payable to InTechnology will be capitalised into 20,000,000 new Ordinary Shares and a further amount of approximately GBP2.7 million of funds payable to InTechnology will be capitalised into Capital Reorganisation Preference Shares. In addition, it was proposed that the Existing Preference Shares have their rights amended to become Amended Preference Shares. Both the Placing and the Capital Reorganisation are subject, inter alia, to approval by Shareholders of Resolutions 1 and 2 set out in the Notice of General Meeting. The Company is pleased to announce that all of the Resolutions were passed at the General Meeting which took place earlier today. The Placing remains conditional, inter alia, upon Admission. Admission is expected to become effective at 8.00 a.m. on 29 August 2013. The Capital Reorganisation remains conditional, inter alia, upon Capital Reorganisation Admission. Capital Reorganisation Admission is expected to become effective at 8.00 a.m. on 29 August 2013. As at the date of this announcement the issued ordinary share capital of the Company is 184,953,708 Ordinary Shares of two pence each. Immediately following Admission and Capital Reorganisation Admission the issued ordinary share capital of the Company is expected to be 224,953,708 Ordinary Shares of two pence each. Terms defined in the circular dated 2 August 2013 have the same meaning in this announcement, save where the context otherwise requires. Enquiries: Mobile Tornado Group plc www.mobiletornado.com Jeremy Fenn, Chief Executive +44 (0)7734 475 888 Investec Bank plc (Nominated Adviser & Broker) +44 (0)20 7597 4000 Andrew Pinder, Dominic Emery, Carlton Nelson, Sebastian Lawrence Walbrook PR Ltd +44 (0)20 7933 87
revenue of £1.7 million, market cap of £49 million ?
Up 1p from yesterday!
Had to top up with some decent buys coming through! Could this go same way as MOS!
Nice big buy at close!!!!!!!!
We had a target price put out there of 25p in feb and today we sit at nearly 31p. This share seems to have stayed under the radar of the masses even through a continuous rise of a relatively short time scale. I'm hearing prices of 40p being thrown around like it's inevitable and double that as a possibility - happy days!
In at 22p so good profit already. GLA>>>>>>>>
Got tipped on this last Jan and took two tranches of profit at 17p ..should have held! ! Not done any research on them for ages but have they secured lots of contracts recently ? Whats with the rise?
Anyone any idea why we continue to rise so well without any news being published for some time? (not that I'm complaining!)
getting nearer the 26 mark ,,doing well
Mobile Tornado: Investec initiates with a target price of 25p and a buy recommendation.
I hear that the new brokers investec have initiated coverage with a target price of 25p.....
Just continious steady buying of a few thousand pretty much on a daily basis...apart from the 500,000 shares buy on 17th january which was £76k worth...... Just waiting for update I guess but buying suggests someone is pretty confident...
Any news ,,lots of buyers,have i missed something?
must be the friday sell off
Still looking good, but still quiet
There is consistent small buying trades on a daily basis here that is gradually bumping up the sp presumably ahead of an update rns regarding launch of push to talk services on american movil networks and in italy and france per the last few rns news. That's when I hope the company starts to generate increasing income from commercial launch of these services It will hopefully become clearer how much income will be generated and what th true potential here is Maybe insiders already know and are doing the buying Peter wilkinson is behind mbt and has a great track record so well worth following IMHO
could this get to 20? Will wait and see.
where has this come from?? I shouldn't have sold at 15p in december..then again i did put it in bao so not complaining
Not a lot of news but looking good