The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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And here is the delayed buy, which is why the MM's dropped it.....
28-Aug-19 ...14:17:57... 3.85... 225,275 ...Buy*... 8,673 ...O...
Delayed by 1 hour !!
Can't wait until we are 120% up here too.
20 min delay there mate
https://www.tase.co.il/en/market_data/security/01131697/major_data
131697SharesSymbol : MTMYDL
Dual-Listed Company
Last Rate (0.01 NIS)
15.5
Change
91.36% Up
Large order filled !!
MM's letting this go now....
3.77 just paid !!
Just to clarify something here, one for the LTH, I see they turned down a bid earlier this year for the entire share capital of team internet that would have left $19m after obligations and no business activities (I.e. a cash shell). Presumably if things have moved up/ down since april/may/june then this would still be roughly in the ballpark?? I.e. not the £100m odd that some people are spouting.
August 2018 do some research
Agree, there selling 90 percent of Team internets share capital as stated.
The value of the sale will represent the the mkcap of that deal.
Multi multi multibager in an instant.
why would they except 18.5 million dollars for 10% only to sell the other 90% to cover debts wont make sense this gonna multi Bag ??????
Wait and see
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) the "Company") announces that it has received several non-binding offers to sell all of its shares in Team Internet AG ("Team Internet"), namely 90% of Team Internet's share capital, which will likely enable it to meet all of its obligations. The Company is reviewing the terms and conditions of the offers and the board of directors will convene and decide on its course of action in the coming days.
never aid that did it still peddling wdc at 0.4?
I wouldn’t sell anything this is gonna fly watch
They have given an indication of the scale of the offers, that's it. As far as forward looking statements go I'd say it's likely the sale will actually now go ahead, it's likely its going to cover their debts. You are right they could have said it's going to be far in excess of their obligations, but then people would get crazy ideas. Time will tell here. I thought it was a very prudent way of stating it.
They already sold 10% for $18.5m... I don't think the other 90% will only just pay off it's debts. I'd say maybe $50-60m? Leaving a very substantial cash balance on the cards, and whoever buys it still gets a massive discount.
I seem to recall reading a valuation for Rainmakers 10% of team internet as being 18 Million Euros a while back.
and down it goes. predictable, a few getting impaled on this. be careful
Village idiots spike and lb have arrived. A quick look at their post history shows they cant pick a winner between them. Anyone influenced by them shouldnt be trading
Spike fook off and do some research
How will this be worth a mcap of 25-30mill exactly?
20-30p sp will do me no silly figures like £2.55
wait for the fall. has anyone cared to actually look at the financial position of the company even after selling TI?
Several parties interested = Bidding war..........
Massive upside from here >>> £££££
Yes and the mkcap is only ,3.7 m
The sp was well over a 100p a few years back.
The offer should be big.