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10% up already - more to come !
Was not posted in relation to the investment, it was about the conversation with Lucky and Dude about how the shareholding has changed, splits etc and the fact Mr Riches has managed to find himself back at 28% again with (for example) £500K of new loans in 2009 which have no corresponding receipts or notes in the audited accounts for 2008, 2009 or 2010. This affects all of us because he just received converted that loan to 3 million new shares which affects the topside for each of us in a trade sale (our percentage ownership for the shares we own is 40% less than it was on Thursday last week. Anyway, I think that conversation is done. It was not posted in relation to WGP prospects.
lord I would hope so - reminds me a bit of OXS if you know what I mean - The broker valued this at £55 million when it first got listed ! The shares have been awarded - directors too. So yes I expect a bounce soon !
will this boooooom todays on news suing 365,surely the prospect of some compensation must lift the price,
"It is the view of Marble Arch Research that such settlements could be worth a lot of money. On the basis that Worldlink will be able to charge royalties, and discounting these at a rate of 40% per annum, Marble Arch comes up with its £180m figure."
Why this battered stock could have huge hidden value But that’s not the end of the story. While providing the software platform for sports betting could be lucrative, it is not the reason for that £180m of hidden value Marble Arch Research talks about. This is where it really gets interesting! In the 1990s Worldlink developed software that allowed for the dissemination of real time data to mobile telephones. What made this special was that, rather than refreshing whole pages, Worldlink made it possible to transmit only the particular data item – a rising share price for example – that had actually changed. Nothing very special about that any more, you may say. Active traders receive this sort of data feed all the time. And that is exactly the point. Because Worldlink thinks that many of these service providers are infringing its software patents. For years it has been unable to pursue the transgressors. Now, though, it is ready to do so. Years ago both Reuters and WeComm bought licences from Worldlink, establishing the principle that it owns the rights. And lawyers on both sides of the Atlantic, who might be prepared to pursue the case in exchange for a share of the proceeds of success, have given Worldlink hope that its legal action can succeed. A key test will be a ‘Markman hearing’ expected in late 2012 or early 2013. In this pre-trial procedure a US judge will express a view about Worldlink’s patent infringement case. Encouragement from this quarter could lead to out of court settlements. It is the view of Marble Arch Research that such settlements could be worth a lot of money. On the basis that Worldlink will be able to charge royalties, and discounting these at a rate of 40% per annum, Marble Arch comes up with its £180m figure.
How a shock slump knocked this share down 77% But that was just six weeks ago. It’s a different picture now. Things have got better for Worldlink in terms of business. It’s won some €15m of financial backing and launched two new promising initiatives, of which more in a moment. So where is the share price now? It’s at 15 pence! Worldlink is no longer valued at the £55m its bankers anticipated. Now, it’s just £3.51m –well below even the €15m value of the promised financing! What on earth is going on? In fact, Worldlink never achieved the £2.50 share price the admission announcement mentioned. The shares did actually open at 112.5p on the first day of trading. But by the end of the second day, and after the rather puny amount of 115,000 shares had been traded, the price had sunk to 25p. That’s a staggering 77% slump from the opening price! I have never seen anything like this in my life. And, to be honest, the silence from the London Stock Exchange, which you would think would want to explain this strange affair, is deafening. To make the story even stranger, chief executive and major shareholder Neil Riches, whom I met just before Christmas, thinks that Worldlink is going to make serious money this year. And a report by Marble Arch Research calculates that Worldlink has a hidden value of £180m – worth about £8 per share. But here we are today, with Worldlink shares trading at 15p and right down in penny share territory. Intrigued? I certainly was! This is exactly the sort of anomaly I like to check out… Let me deal first with how Worldlink might make money this year. We find a clue in a deal that it has struck with the mighty Ramsgate Football Club (of Ryman League Division 1). In a deal similar to those done by football clubs with credit card providers, Ramsgate will pocket 20% of any profits sourced from those who sign up to use a betting service – Ramsgate football supporters presumably. Where does Worldlink come into this? Well, it provides the on-line platform that makes this betting possible. And Riches sees the chance to roll the service out to other clubs. That makes sense – why wouldn’t these clubs go for it, given that it costs nothing and provides some much needed extra revenue? That means that this could soon be making money for Worldlink.
It may only be January 5th, but I doubt you’ll hear a stranger story than this all year… To get to the start, we need to pop back to the tail end of last year, to November 24th. That was the day a new company called WORLDLINK GROUP (WGP) was admitted to the Main List of the London Stock Exchange. Now as you probably know, not just any old business can be accepted onto the main list. You’ve got to meet the entry requirements… While it’s pretty straightforward for the racier outfits to get a listing on AIM or PLUS Markets, companies on the main list are (rightly or wrongly) perceived as being safer. The London Stock Exchange insists that these companies are thoroughly vetted before being allowed in. Now, on November 24th in a statement that was no doubt scrutinised, checked, debated and finally agreed by bankers, lawyers, PR advisers and the great London Stock Exchange itself, this statement was made about Worldlink: ‘The market capitalisation at listing is anticipated to be circa £55m and the opening share price approximately £2.50.’ To Worldlink’s advisers, £2.50 must have seemed like a nice beefy share price, the sort to convince investors that this is a business with substance. And what about the £55m stock market value? It’s not huge by any means – but surely not a business that is going to disappear in a puff of dust.
lordlovealot I have been invested in WGP since Jan/Feb ! When Tom Bullford released the article
lol at least some one on LSE can read!
have u taken a position,spread is huge,i ask as i know u was in before in the twenties
about to go BOOOOOM !!!
BET 365 are huge so I wonder what sort of settlement can they agree upon.
Jakknife is a professional de ramper why use a 4 year old prospectus to mislead people today? the number of shares in issue is wildly different from what he is trying to infer as is the market cap the current market cap is 6 million ish not over 70 million... why would he suggest such? as he has an agenda
Worth keeping an eye on here - 1,095 new Ordinary Shares following the conversion of the convertible loan stock issued in April 2011 at a conversion price of 90p; and
09:57 Worldlink Group Plc - Worldlink Group Issues Second Notice to Prosecute RNS RNS Number : 3422A Worldlink Group Plc 29 March 2012 For release: 29 March 2012 Worldlink Group Issues Second Notice to Prosecute for Patent Infringement Worldlink Group Plc, (LSE: WGP) the UK listed Company with gatekeeper patents on providing changing data in real time for mobile devices, announces today that it has sent a letter before action to Bet365 Limited for infringing its patent covering the provision of real-time data to mobile devices. Bet365 provides real-time data for clients who are looking for the best odds available in a similar way to that provided by Betbutler. This service is made available on a variety of mobile platforms which includes iPhone, Blackberry and Android which therefore infringes the issued patent that Worldlink has on providing changing data to all mobile devices. Whereas Betbutler has taken a licence to access the Worldlink patents, Bet365 is operating without a licence. The damages requested reflect the loss in revenues to Worldlink from the time that Bet365 started infringing the Worldlink patent. Worldlink advised Bet365 of the situation in October 2010 but correspondence has not led to a licence being granted, hence Worldlink has reluctantly been forced into filing this Notice to Prosecute in order to protect its patent rights. Worldlink seeks to come to an agreement with Bet365 to provide a licence to operate for the duration of the patent. This notice is part of Worldlink's programme designed to protect its rights to commercialise issued UK patent 2358768 C. This patent was filed on 26th June 2000 and granted on 12 Dec 2001. The patent expires on 26th June 2020 Neil Riches, MD of Worldlink commented: "We are very keen to offer licences to any organisation who wishes to provide changing data over mobile devices to their clients as part of their services. We have been in correspondence with Bet365 for some time now with regards to them taking a licence to operate from Worldlink and are now progressing this to a formal Notice".
Worldlink Group Issues Second Notice to Prosecute Print Alert TIDMWGP RNS Number : 3422A Worldlink Group Plc 29 March 2012 For release: 29 March 2012 Worldlink Group Issues Second Notice to Prosecute for Patent Infringement Worldlink Group Plc, (LSE: WGP) the UK listed Company with gatekeeper patents on providing changing data in real time for mobile devices, announces today that it has sent a letter before action to Bet365 Limited for infringing its patent covering the provision of real-time data to mobile devices. Bet365 provides real-time data for clients who are looking for the best odds available in a similar way to that provided by Betbutler. This service is made available on a variety of mobile platforms which includes iPhone, Blackberry and Android which therefore infringes the issued patent that Worldlink has on providing changing data to all mobile devices. Whereas Betbutler has taken a licence to access the Worldlink patents, Bet365 is operating without a licence. The damages requested reflect the loss in revenues to Worldlink from the time that Bet365 started infringing the Worldlink patent. Worldlink advised Bet365 of the situation in October 2010 but correspondence has not led to a licence being granted, hence Worldlink has reluctantly been forced into filing this Notice to Prosecute in order to protect its patent rights. Worldlink seeks to come to an agreement with Bet365 to provide a licence to operate for the duration of the patent. This notice is part of Worldlink's programme designed to protect its rights to commercialise issued UK patent 2358768 C. This patent was filed on 26th June 2000 and granted on 12 Dec 2001. The patent expires on 26th June 2020 Neil Riches, MD of Worldlink commented: "We are very keen to offer licences to any organisation who wishes to provide changing data over mobile devices to their clients as part of their services. We have been in correspondence with Bet365 for some time now with regards to them taking a licence to operate from Worldlink and are now progressing this to a formal Notice". For further information please contact: Neil Riches 01737 221 078 Managing Director Worldlink Group Plc Jon Belliss 020 7101 7070 Xcap Securities plc. Broker Mike Wort/Anna Dunphy 0207 556 1063/4 De Facto Financial Notes to Editors About Worldlink Worldlink is one of the UK's leading real-time mobile applications companies with patented technology that allows information held on the mobile device to be updated automatically without the need for a manual refresh. Information is delivered via a mobile telecommunications network in real time, whilst intelligently minimising the bandwidth required to transmit the data. The technology is patent protected in the US and UK and is patent pending in Eu
I agree. Short Selling of any kind should have been made illegal on a permanent basis back in 2008 but the respective governments dropped the ball. When Short Selling was temporarily banned to stabilise the markets, that was the chance to do it. In my opinion, a good first step would be to stop Short derivatives being able to hedge off their positions so they carry the entire risk themselves e.g fixed odds, financial spreadbetting. The UK could do that unilaterally but it will be a cold day in hell before that happens. Also, it would be just as easy to ban any equity Sell orders where the asset class is not ALREADY held by the Seller.
AIM is rich pickings for Short Sellers who are the New Pickpockets of The City of London
http://www.docstoc.com/docs/3281364/Worldlink-Group-plc-Worldlink-or-the-Company-A-company-whose
This is the FSA page for Arc. Notice they are Principals for Bridgehall also. They also have gone into administration in 2012. https://www.fsa.gov.uk/register/firmBasicDetails.do;jsessionid=c6238e58da694d329a68baae2a6f0376.s6fNml1Ka38InBbv-ArJrwTPoNCNa30Ocybtah0IaNuIahiIbh0IaNfwmxiInxiObk9ynhvybMSHc30Ka2aToi5hch0Na2TSn7bvq70KawTAqQ4InQXQ-BjF8NaRchuMc2bMnkrDqRfzqwbMnkrDqRfzqwbynknvrkLOlQzNp65In0__?sid=169833
jaknifes quotes are 100% correct. They relate to the 2008 Arc prospectus not the current listing. Also, you cannot Short a private equity stock, the 2008 was a pre-IPO placement round opened to private investors. The numbers he quotes are directly from the prospectus. Arc Equities run by Renwick Haddow went into administration. As did Capital Ideas. Use Google. What were you saying about facts? You seem to have got the wrong end of the stick.
the link is here: http://boards.fool.co.uk/worldlink-group-10952928.aspx?sort=whole
everyone happy to accept a fiction but when it does not even carry the slightest relation to the fact everyone goes quiet.... This issue of new shares increases the Ordinary Shares admitted to trading to 42,036,383. and then one poster is upset as the company has not gone into administration.... pmsl move on
this what the company say:- This issue of new shares increases the Ordinary Shares admitted to trading to 42,036,383. this is what jakknife "quotes" 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! do you notice the difference?