The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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well i bet there not too insolvent to pay their own obsene wages for doing sweet fa. maybe it would be a good idea if their wages were suspended untill the accounts were published instead of screwing all us investors/employees/consultants etc.
Its good to see the Daily Mail has more information than the company's shareholders!
Premier League gamble with new sponsorship The often murky gambling sector of football sponsorship has embroiled Newcastle, Fulham and Sunderland. They have all signed £1million three-year sponsorship contracts with Bet Butler and their software technology partners Worldlink Sport, who are funding the deals. But Worldlink have yet to pay monies due to the clubs last month while consultant Stephen Pearson, the former Premier League commercial chief who brokered the agreements, is taking legal action against Worldlink for non-payment of his fees. The clubs have been told by Worldlink the money is coming. The Football League are due to announce Bet Butler imminently as their new betting partner but that agreement does not directly involve Worldlink Read more: http://www.dailymail.co.uk/sport/football/article-2205244/Charles-Sale-John-Terry-ready-test-FAs-rules-Ferdinand-race-case.html#ixzz26tXljB55
the figures for today are still the same, its just the decimal point that has moved to value the company at £7.85pence
Found a news report about the Worldlink IPO in EuroWeek magazine. Its dated September 29, 2000. Here's a brief excerpt. Worldlink IPO before year end as mobile data takes off Worldlink is banking on its unique technology getting investors' attention when the company lists on the LSE toward the end of the year. The Merrill Lynch led IPO is likely to raise around £70m of new money and the company should have a market capitalisation of between £120m and £130m on listing, according to Neil Riches, managing director of the company. Search Motley Fool, Arc Equities & Worldlink plenty more there e.g. Investors are invited to buy shares at a price of 11p. 1. The company has 713.9m shares in issue and so at the offer price of 11p, this values the company at a huge £78.5m
25 November 2011 | 7:00 AM Following the listing on the Standard segment of the London Stock Exchange yesterday, Worldlink Group plc (www.worldlink-data.com) are pleased to announce that they have secured a further commitment of €10 Million of equity line funding. The total amount of potential funding through the equity line is now €15 Million. Funchal Equity Partners SP ("Funchal") has committed to €5 Million and Zigong Commercial Equity Partners Fund SP ("Zigong") has also committed to €5 Million, subject to the terms of a special private placement agreement.
contemptible familiarity, laughable if it was not so serious http://tinyurl.com/8kqg25o
He mentions the £2,500,000 .....which never was realised. Then years ago they made a fuss about ....guess what, £2,500,000 to be injected by David Elias. You will never guess what happened, .....it was nevr realised !
thanks for that...which one are you??
ex-employees, suppliers, (some may know historical WGP machinations), watching latest developments, awaiting clarity of current position, like many others
I remember first seeing your posts on this forum and you were a massive pro WGP. Seems like your attitude has dramatically changed some what.
and if they do recover.... will anyone decent want to deal with them?
Sounds like the sort of person WGP desperately need for their business to be successful.
yep 100% him, very professional gent... and wasn't angry in discussion but more concerened about the whole thing he has been dragged into. i guess he couldn't risk saying nothing incase he was implicated at a later date.... and possibly also hated by many investors! R.E.S.P.E.C.T goes out to S.P! ;)
What was he like to talk to? Did you get a feeling of professionalism and credibility from him? You cannot argue with his achievements if he did indeed brings these deals in.
Perhaps he expected the threat of a Press Release to be the catalyst for a settlement but when it did not arise, he had no choice to publish or lose credibility from then on. We do not know the background but it seems a little early to be playing your Aces in a legal dispute. The significant threat of disclosure ceases to be a weapon once the disclosure is made! That is not to say his case does not have merit, in all likelihood it does given WGP's history.
I spoke to Stephen today and to be honest he does have his entire reputation on the line. If this does "hit the fan" ...do think anyone would want to do business with the man that brokered the deals in the first place? he must have been stuck between a rock and a hard place. Don't forget he works in a market where reputation and trust is everything. At least people can see that he wasn't the one who caused all this and mess and actually managed to strike deals for a company that doesn't (at the moment) have a pot to **** in!
i will wait for official news and have no choice but to wait for that news but what kind of top person puts his dirty washing out in a blog? bit unproffesional to say the least in my view gl all here
no problem. i don't think the clubs will want to make a statement i am sure they will just remove them and find a replacement, i am sure its a bit embarassing for them i would think that they didn't do due diligence but i guess the marketing guy was a credible guy who brought them the deals..
Obviously it's not positive and yes it will potentially have an effect on shareholders. BUT, we are suspended, so as it stands, it has no immediate effect. WGP need to release some big RNS's this week to deflect this horrendous publicity. Let's wait and see to what gets announced shall we. Fingers (again) crossed
Nothing, we are suspended!
If this goes under I will be going to Blackpool!!!
Don't waste your posts. It's him for sure
I am getting a little bored of Nice and Le Touquet. I dislike long plane journeys so maybe Monte Carlo next! Or Bern.
Why would someone go to all that effort to impersonate him when it could be denied in minutes with a WGP Press Release? The share is suspended so who would care enough to do it? If the allegations are not true, then WGP's contracts are water tight. Seems like a lot of effort for so little gain. The Twitter account mentioned (the most ludicrously pointless website in existence) has 215 followers. I am no expert but that seems a lot for a fake account.