Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Lazarus1, I couldn't agree more! Sheep to the slaughter?
If it’s such “excellent news” why is it down over 20%. Pumped and now dumped.
Will end the day up
Great buying opportunity
What are we saying the sp will do, for me this is a buy at this rate what about others.
Very low free float so should move quickly as market digests this offer RNS. LOI signed and they’ve specified the minimum to appease BH (will be paid in full), this is before they announce the full offer after due diligence which will be a lot more than this..
Excellent News - Offer RNS out with LOI now executed! Finally moving forward. RNS designed to assure bondholders that they will get paid with this offer. More details to come..
The financial review as per the RNS on 30 August was very clear. The eighth bullet point under principle risks reported, “Matomy has historically derived the majority of its revenues from customers that use its solutions for display marketing campaigns which are now rapidly declining”. That one point was enough for me to sell. IMO, TI is not worth the fortunes some of you think. GL
Sorry - pressed the return button by mistake - I assume that these large shareholders (over 55%) will have to vote to agree the deal or not. As the only remaining part of the company is Team Internet and if someone is prepared to buy it at around $22M ($30M for bond holders - minus $3.9M cash in bank minus $4M Tax Refund) then I wonder if they are considering an option to perform an RTO so that Team Internet becomes the Company with a clean sheet, no debt and able to use their total accumulative losses of $46M against future profits. Not sure how that would all work out as the company buying TI would need to be given $22m in shares which would dilute the other holders share of the company - but in real terms would be around the same value to shareholders as today and then if the TI performs well then the sp should improve.
From what I can see TI had EBITDA of $11.4 million for 9 months and so around say $15.2M for 12 months - so a buy at £22M (especially with the tax losses) would be a steal.
I assume that these large shareholders (over 55%) will have to vote to agree the deal or not. As the only remaining part of the company is Team Internet and if someone is prepared to buy it at around $22M ($30M for bond holders - minus $3.9M cash in bank minus $4M Tax Refund) then I wonder if they are considering an option to perform an RTO so that Team Internet becomes the Company with a clean sheet, no debt and able to use their total accumulative losses of $46M against future profits. Not sure how that would all work out as the company buying TI would need to be given $22m
Further to major shareholders. It won’t be going cheap.
https://www.publicisgroupe.com/en
Excellent find/research Teaboytalk,
Yes totally agree - won’t be going cheap
Very reassuring
There are some mighty big holders on page 33. Won’t be going for free.
http://investors.matomy.com/~/media/Files/M/Matomy-IR-Media/presentations/2018-annual-report-and-accounts.pdf
Would be my thinking....but did they actually purchase their 10%...or was it just what was left after Mtmy purchased their 90% as in were they the original owners....
If rain maker did pay $18.5m for their 10% you would have to assume that the overall deal for 100 % would by massively higher than this so maybe todays RNS is being slightly mis read.
Hmm. I’ll do some reading. Because they certainly aren’t going to hand over at a knock down price. Why would they. Clearly states the whole 100% so I’m going for quite a large figure.
I can only find what Mtmy paid for 50% in 2013 and that was $27m back then.....
I think it was $18.5 dollars for 10%
Anyone got any idea what rain maker paid for there 10%. As I assume they will not be selling at a loss. As there is no reason for them to do that. Might give us a rough figure for a sale price.
Anything is possible in Aim....but not sure the board of Rainmaker is the same as Matomy....
That depends who they are selling it to. The board could be selling it to themselves for all we know through a newly formed entity.
So am I right in saying that they are selling 100% of TI so that includes Rainmakers 10% as well. Surely they won’t just except any price.....they want to make some money as well?
Hope u r right deltalo
As I mentioned in my previous post, the company will not give any detail information until the deal is finalised,
There trying to keep the market steady before the deal is complete.
They've worded it very carefully, so now we just have to wait for the confirmation of the deal.
There not going to leave themselves potless as TI is still a good profit making platform.
Shiloah has 11M,thats worth circa £440K,so a huge loss for him,but wouldnt surprise me if he isnt partie to this entity purchasing TI on the cheap.
Whoever gets TI will actually make a killing
Its all about Greed
Wonder why they put out a vague RNS and not release any figures to the market at this stage, surely there will be money left over once bond holders etc are paid as directors have skin in this too and surely wouldn't negotiate a deal were there’s only a empty worthless shell left at the end off play - obviously that wouldn’t make for good business ethic.
Maybe more will be revealed tomorrow morning
Imo