Cash balance £15.5m15 Nov 2016 11:46
From the below sales of business's the co has approx £11.7m + £1.512m + £1.665m + £856k = £15.5m cash & from today's rns below
£15.5m / 408m shares = 3.8p - not that they will return all of this to s/holders but gives you an idea that the current share price is just the cash in bank element - all other business's valued at zero
"The Board is now reviewing the infrastructure and working capital necessary for the future development of SportBusiness Group and the extent, form and timing for returning cash to shareholders. A further announcement in this regard will be made in due course"
18/12/2016
Electric Word plc (AIM: ELE, "Electric Word", the "Company") today announces that it has conditionally agreed to sell its indirect 70 per cent. shareholding in iGaming Business Limited
Net cash proceeds of the Sale receivable by SBG on Completion are expected to be £12.2 million.
19/06/2016
The Directors of Electric Word plc are pleased to announce the disposal of the trade and certain assets of the Company's subsidiary, Radcliffe Publishing Limited The total consideration is being satisfied in cash, and comprises £1,000,000 less a £43,061 adjustment for deferred revenue at completion, with £856,939 payable on completion
02/11/2016 RNS
The Directors of Electric Word plc are pleased to announce the sale of the Company's subsidiary, Optimus Professional Publishing Limited Consideration comprises £1,512,501, which has been paid in cash on completion
15/11/2016 RNS
The directors of Electric Word plc (the "Board") are pleased to announce the sale of the trade and certain assets of the Company's subsidiary, Speechmark Publishing Limited The total consideration is being satisfied in cash, and comprises £1,850,000, with £1,665,000 payable on completion and £185,000 payable on the first anniversary of the completion date.
The Board is now reviewing the infrastructure and working capital necessary for the future development of SportBusiness Group and the extent, form and timing for returning cash to shareholders. A further announcement in this regard will be made in due course.
http://www.investegate.co.uk/electric-word-plc/rns/disposal/201512180700074964J/
http://www.investegate.co.uk/electric-word-plc/rns/disposal-of-business---assets-radcliffe-publishing/201506191318097127Q/
http://www.investegate.co.uk/electric-word-plc/rns/sale-of-optimus-professional-publishing-limited/201611020800021070O/
http://www.investegate.co.uk/electric-word-plc/rns/sale-of-the-business---assets-of-speechmark-publis/201611151101232193P/