Member Info for ChazBigspuds

There were another 173k of shares traded today on Plus as well, but TXR is only recovering to where it should be. I see this steadily increasing on low volumes and am still waiting for more big buys to confirm we're edging towards a takeover. http://www.plusmarketsgroup.com/data.shtml?ISIN=VGG889921059/GBX/PLUS-exn

Think we'll see more of the same. The MM will no doubt try dropping the SP today to shake out some of those remaining 10% of PI shares cheaply and then once the first 500,000 buy goes through, TXR will be business as usual and onwards and upwards again. I can hold to the end of the year for takeover or insurance.

With the court directing both parties towards structured without prejudice settlement discussions before 29th January 2010, I expect a settlement will be hammered out well before then. The fact that Zurich has already settled their part of the claim has to count in TXR's favour legally and I can't believe the balance of the insurers would want to waste this mediation opportunity. Another interesting few days (and months too presumably) beckons and will we be seeing any more big buys this week hinting at takeover too before the full impact of what this insurance could do to TXR's cash position unfolds? What do the rest of you think?

http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10218040

I'd hate to call it as it really could go either way - there are far too many unknown variables here. Is there any substance to there being a takeover in the making? Will news on the balance of the insurance come out soon? Will day traders finally see the potential of TXR and send us on a PXS style rollercoaster ride? is there a another big order from a major shareholder going through (just look to see if the MM's do their usual trick of dropping the SP a few times to shake us PI's in to selling our remaining 10% holding tomorrow to fill the order)?!! I'd love to day trade this, but the minute I sell, I just know we'll get an RNS and these will go in to orbit, so I'll hold for dear life! I'm quite looking forward to the 8am opening on this one.

I know how you feel mate = its always the way isn't it when you sell and all of us have done the same recently at some point or other. CFM still brings a tear to the eye (which I was holding loads of at 2.49p for ages and sold at 3p). The Barclays rollercoaster was another that I could have made so much more on, as well as TW, Brixton, Galiform etc. But then Braemore was the one I held for too long (trebled my money at one point only to see it return to my buy in price), but it'll pick up in November as JLP I suppose. Never mind, we all live and learn, but its always nice to make a profit no matter how big or small. I'm hoping AFC is my next big one (already doing well since buying in at 3p and 4.3p). Expecting recent manipulated drops to turn next week, so fingers crossed, but TXR is ahead of expectations I must admit!

Well the drop shook out a 100k sell and its back up again to 11/10.25p. Fascinating to watch, but with no news yet, the rise can only be due to speculation about where this will go and what's possibly happening in the short to mid-term.

Ahead of expectations and it looks like the MM's running out of shares and trying to generate sells. Hit 10.5/10p at midday, but dropped quickly to 10.25/9.5p and now 10/9.5p. Be surprised if anyone would sell right now, but always nice to bank a profit I suppose. I'm holding and will enjoy lunch as this only going higher over the coming weeks/months!

As I've said before, with only 10% of these in general circulation, you can imagine how this will go once takeover talk starts or pay out of the balance of the insurance money is announced. In the scope of things, volumes today are so far tiny, but I suspect we'll see a few more big buys over the coming days to really push this along. Its surely only a matter of time before we get another RNS about an increase in shareholding from JR. 10p/9.5p Live. Aren't we all glad we held our nerve?!!

I'm in a few shares like this where PI's only represent a very small percentage, so its natural I suppose that there aren't many of us on here. I'm perfectly happy to keep this quiet and let the major shareholders do all the work in getting this price up rather than have hundreds of day traders take us all on a roller coaster ride!

In fact if we continue to hold firm, I reckon it's only a matter of time before you, me, Wile.E.Coyote, redkenobi and Wilson 22 are about the only PI's left holding in here! We could be millionaires this time next year!!

Yes, healthy volumes again and the half million blocks stand out again. I tell you, a few more buys and sells like that over the coming weeks will prove to me that somethings afoot and no doubt we'll get another RNS confirming that one of our major shareholders has acquired yet another 1% or so of the company. As I've said for some time, the remainder of the insurance money would potentially leave a very healthy cash position for TXR that alone would be worth more than its current market capitalisation. I would expect major shareholders would be kept in the loop better than us mere PI's on the claim status, so it makes sense to slowly pick off the 10% of PI's still holding at these bargain basement prices. Wouldn't be surprised if its the appropriately named 'JR' who's picking up these lumps and the fact he's increasing his holding recently is surely a very good sign? You can understand his logic, because if he was to ask the board now to proceed with an offer for the entire company, the SP would sky rocket and he'd have to pay a damn sight more for it! Far better to pick off 1/2% here and 1% there and risk a quarter or half penny increase along the way, so that there are less for him to buy when he finally decides to go for it! I'm in for the long haul on this one and will hold firm, because people like Jean-Raymond Boulle know when to buy in to things at the right time. Quite a history this fella if you read up about him, but money goes to money as the saying goes.

JRB previously owned 100% of the Company prior to its admission to AIM a few years back, but under TXR's Articles of Association, he's apparently not required to make an offer for the balance of TXR's shareholders despite doubling the usual 30% mark.

Patience is definitely a virtue with this one, but its ticking along quite nicely. Lots of anticipation here on the insurance pay-off of course, but the potential for take-over at these prices is just as likely as you say too. Trouble is that if there was a takeover, around 88% of these are held by 5 major investors and the PI's remaining 12% won't count for toffee in the final voting process! Mind you, I wouldn't complain if either the balance of the insurance for D2 came through or a takeover attempt was announced! Fingers crossed that we'll all wake up one morning to an RNS on one of these options soon to enter multi-bagger territory!!

Well this explains some of the recent big buys, but who is doing the rest? Interesting times. http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10209485

Well this is a happy hold for me and I think EML are doing a fine job. No doubt they'll confirm further investments in time, but in their latest results to end March 2009, they valued their 8.04% holding in KAH (which they bought for £7,368,281) at £17,627,774. Yet 6 months on at todays prices, that same holding is now worth £30 million - more than EML's entire current market capitalisation alone at todays SP. That's another confirmed £12 million profit in my book on KAH alone in the half year to end September, so to me, it looks like EML will deliver value to their shareholders whether they invest in anything else or not come the September interims? Really can't understand the recent sells here and the drop in SP, but I'm happy to hold for the long term. Yes there might be better potential for short term gain elsewhere, but this looks to be a nailed on steady winner for me long term. I'm holding.

Its been going on for weeks as you'll see from previous posts and is the reason our price has ticked up of late. Think someone is continuing to build a nice little stake here, but the numbers aren't massive in the scope of things. Also another 74,000 traded on Plus Market today at 8p and 8.2p. Frustrating wait for news though and I've a few in this position at the moment. It remains a happy hold for me, but oh to be a claims handler at the insurer thats looking after the TXR claim!!!

You could be right, as there are a few companies with cash on hip at the moment looking to expand through acquisition. I still feel that the likelyhood is that we're edging closer towards an insurance settlement here. With the declaration of what Zurich paid back in April, I think other insurers have no excuse to withhold payment for much longer as a settlement figure/percentage should be easier to reach now. I'm even tempted to sell other holdings to top up here, but I'm already over-exposed in mining shares!

Another couple of 500k buys this morning and another tick up - all looking good here and someone is continuing to acquire a stake Just imagine where this will go when the insurance comes?!

The only big(ish) thing occurring here in the short term is of course the potential for an announcement at any point on the balance of the insurance. I still feel this is more likely now since TXR disclosed Zurich's settlement figure (in the interims) for their proportion of the claim back in April. I'm assuming the settlement figure was kept private at the time because it wasn't for the full sum claimed (but instead that this represented a proportion of the claim that TXR were prepared to accept). In recent weeks, the SP has seen a nice steady rise to previous recent highs and much of this has been off the back of some decent sized buying after 4pm each night (rather than for the decent interim statement that was released recently causing a short term panic sell off for no reason). I for one often look for buying patterns like that (or delayed publications etc.) where the price appears to be being manipulated and its amazing how often news seems to follow. No major post 4pm purchases yesterday apart from 2 x 50k buys, but even they stand out. To me, someone looks to be acquiring a decent holding here, so I'm only going with gut feeling. You of course may feel there's better opportunities elsewhere, but I'm happy to hold for the time being as this isn't one of my bigger holdings. I just feel these are looking healthy with a lot of potential for upswing in the short term. Trouble is, you've got to keep an eye on the news as it could be this week, next month, who knows?!!