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Later RNS from Matomy:

"...completion by the Purchaser of its proposed financing by means of a €40M bond issuance. Such financing was completed on December 23, 2019."

Financing done.

Zeus Capital is the Nomad and house broker of CentralNic, and I don't believe forecasts made by people who are literally paid by the company to make good forecasts. AIM is full of companies that went bust whilst their house broker was forecasting huge future earnings.

I was, and still am, expecting news from CentralNic regarding their fundraise. Today was the day of the Matomy vote, but the 31st is the day by which this must complete and CentralNic have said nothing about raising the cash.

Turns out I could have sold at a higher price, but I think I'll sleep better not holding these - I wouldn't be surprised if this company collapses under the weight of all its debt in a few years.

I sold out this morning - I was expecting news on the bond offering by now, but still nothing, and I don't think there are enough working days left in the year to actually get it done (There's a $1m fee if it isn't done by 31st December). Plus I'm not sure how CentralNic will be able to sustain such a huge amount of debt ($76m). My shares were well up on what I bought them for so still happy with my trade. Not so sure about the future.

I'm just wondering how those projected EPS could be at all possible whilst there is $76m in interest bearing debt. That's a lot of debt, and as yet no indication as to what will happen when the debt is due for repayment.

Rivaldo, where did you get those EPS forecasts from?

Also, have you factored in the debt of $76m that CentralNic will have post acquisition? About 32p per share, which seems like a lot. I normally include debt when calculating price earnings.

Specifically a positive cash balance of $6m, or 4.6p per share.

One thing I'm wondering is why they don't make use of their leased office space - subletting it could bring in an extra few million.

Seems like CNIC is getting a good deal out of this - Team Internet reported their highest quarterly revenue and profit for over a year. No benefit for Matomy though, none of the payouts are revenue or profit based. The Q3 results do separately show that Matomy will end up with a positive cash balance, so that is good news.

Team Internet reported that Q3 was their highest quarterly revenue and profit for over a year. This was in the Matomy Q3 results released late last night. Seems like CNIC bought at the right time.

2,000,000 bought in the first minute. If you look back over the past few days on lse it is all A trades. I have a feeling the professional investors know this is worth more than the retail investors realise. Should see holdings rns in the coming days.

An Israeli institutional investor called MORE Investment House is currently pushing up the bid in Tel Aviv, and has been since Sunday, hence the rising bid we have seen in London. No idea if they know anything more than we do, but pushing up the price in any case.

Israeli national holiday today and tomorrow. Also, the next two weekends.

Missing from LSE:

September 25, 2019

Extension Statement of Shareholders Support

Pursuant to the prior extensions of the Letters of Support (as defined therein), Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) (the "Company") announces that it received an additional letter from legal counsel to the shareholders who provided the Letters of Support, confirming that in support of the current negotiations among the Company and various stakeholders, including the bondholders, the aforementioned shareholders agree to further extend the period noted in the prior extensions up to October 31, 2019

baz, the $12m cash balance figure is incorrect, because it includes the cash balance of Team Internet which is being sold. The cash balance of Matomy excluding Team Internet was $5.4m in June (projected to be $3.9m at the end of September). These figures are from the interim report.

There is an auction everyday at 12 noon for 2 minutes. This is why you could not deal.

investing dot com has live prices, or pay for live prices here.

Matomy only own 90% of Team Internet, so would only receive 90% of the $185m, if that was offered. I suspect the actual offers are lower, but the company hasn't said and there are multiple bidders so who knows...

Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) the "Company") announces that it has received several non-binding offers to sell all of its shares in Team Internet AG ("Team Internet"), namely 90% of Team Internet's share capital, which will likely enable it to meet all of its obligations. The Company is reviewing the terms and conditions of the offers and the board of directors will convene and decide on its course of action in the coming days.

Also, I think one of the reasons that Team Internet delayed buying itself was that the Google partnership was up for renewal last month. This has clearly been extended - you can check by visiting any of the parked pages and you'll see Google ads.

I think I am correct in saying that H1 results are due within the next two weeks, as they have been in previous years. We should get an update on negotiations and also on whether profitability has increased. On the last point I am optimistic, partly because I was cynical that there ever was any 'downturn' (I think Team Internet just wanted a better price), and partly because Parking Crew seems to have more domains and more hits than it has at any point in the last year (see SimilarWeb for stats).

I suspect that the recent interest in this stock may just be short term investors hoping to sell on an artificial spike, but if the results are good then this may turn out to have been a smart buy for them.

I'm not too concerned about a lowball offer - now that there are multiple parties interested (rather than just Rainmaker) then another party can just offer a slightly higher price, assuming they value Team Internet high enough following the recent disruption.

The 2p seller seems to have cleared now.