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Any ideas why 3 Directors who myst have been aware of the bad news we have learnt actually bought in. That was only a month ago.

I’ve been in since the beginning and have lost a bundle. I got out and recently went back in. I’ve still got nagging doubts. Despite the impressive showreel and opportunities what do others think about:

Advertisers wanting product placement have this opportunity at the time of original production.

Are Mirriad legally allowed to digitally cover over existing billboards where advertisers have paid for that particular poster? Anyone know?

Ok here’s my fantasy and some accurate comment. I’ve been with TLY a number of years and of course wish I’d sold at 45p. What kept me in was speculation of further SP rise to 70p and the quote from Bob Holt he was turning the company into a 100m business.

The big contract loss was a big hit. No good news since then.

So why is a hedge fund buying in and increasing their holding? Could this be working with ANIMA who seem to have won lucrative NHS contracts that I’d think TLY missed out on. My research is that ANIMA is owned by a US conglomerate?

Is the price being driven down by some short sellers? Are TLY going to be in financial problems keeping the business going with high paid CEO and management? Are they a takeover target? Has Bob Holt taken his eyes off the ball with REVB a distraction.?

You don’t know how disappointed I am to see ANIMA become a service provider for our NHS. Maybe the writing was on the wall years ago, the Tories opening up our NHS to foreign participation. Disappointed TLY gamble I made has cost me a great slice of my SIPP and ISA. Does anyone see a turnaround?

Thanks Arbitrader75 good of you to look into it. Based on that finding I feel somewhat less concerned that could have been a reason for Hedin pulling out.

Do you think there’s any chance of a dividend payment in the foreseeable future?

As has been said the court case may or may not be costly.

I understand after due diligence they did not go ahead (wish I’d sold, just 1p more I was holding on for expecting it to go through). I understand during their research they came across a big hole in the pension fund. Sorry I’m not going back looking for the report that quoted this.

So not willing to pay and even offered to sell all their stock for 23p as I remember and there were no takers. So company only worth what someone will pay and I’m guessing Hedin are hoping someone else will think they can profit despite the pension fund issue. I’d imagine they would accept around 19p so let’s see if they start off loading if the price returns to over 20p. I’m just guessing I’ve no idea of the value of PDG.

Correct.

I understand there is a share option scheme for employees that will be 10% across 10 years. Whether that’s 10% of the original share listing and amounting to 1 % a year or some other calculation I’m not sure. I’m not impressed there seem to be no link to performance? Is that right?

Now we know. Odey sold 2/3rds of their holding. So sells are dominating. Are the market makers holding loads of stock now? Odey might still need to sell their remaining 3%. Might be a good time to buy. I think price has only gone down because of Odey not because the company is not performing.

Hundreds of trades today. Millions of shares sold???

Is Hedin dumping their stock? Will this be reported?

Some buying…are we seeing the death knell for Pendragon shareholders. Sorry, Hedin didn’t want to buy, they pulled out of their 28p offer after weeks of due diligence. One comment at the time was the pension fund was going to drain profits (words to that effect). Fat cat salary for bosses and bonuses stripping shareholders of their investment.

I’ve been hoping for 28p and I’m now thinking not a chance. Is it worth more than 15p??

This is getting ridiculous. There appear to be more buys than sells and yet down we go yet again.

Yes, that’s the contract that TLY did not hold on to.
Thanks for everyone’s feedback.
Anyone got a revenue forecast prior to losing contract and current? Was it a major loss? Reads that it would have been for £26m over 3 years? How profitable though? Wendy if you read chat any chance of an update. The Podcast was sounding optimistic. How about actual numbers?

I just don’t get it. When the SP was 40+ some predictions were for 70p. We’ve had a dramatic collapse in the SP. The only bad news was the contract that TLY pulled out of, that’s right isn’t it, the NHS didn’t extend and it was coming to an end? Who got that contract? Was that the only bad news? Anyone with more knowledge of TLY turnover and profit please offer some guidance, if you would be so kind.

Bought 50k shares at 10.37. Has been reported as a sell. I know this happens from time to time. Just thought to put the record straight.
I really don’t know why the price has been dropping so much and am still optimistic TLY will do well and secure more contracts. Not sure giving substantial share awards the last two years? has been a positive. Taking value away from shareholders. Anyone know if this will happen every year?

Teddy please explain. Let me first put a few observations and thoughts forward.
1. Hedin pulled out when they almost certainly could have bought at 29p. What did they find? Someone mentioned pension fund issues. Too much of a burden?
2. Why is 18p any good if the company has not been paying dividends? What are you hoping for?
3. Hedin’s due diligence went on for weeks and weeks. They are losing out big time and yet chose to walk away.
4. Aren’t the pay packets and bonuses another reason the PDG is potentially doomed? All the talk of giving shareholders value looks just rhetoric?
Am I right in thinking you’re just hoping for a bit of a bounce back and don’t actually think the company is worth much more than 20p?

Quite a trade posted at 1635. £2m spent in one lot.

Anyone know when the shares in Probiotix given as a dividend for Opti shareholders are coming on the market? Been no news?

Frustrating though. Rather the positive confirmation today. 3 more weeks. Judging by the number of buys there’s expectation of a higher price to be agreed.
I’d also think apart from the RNS today there will be no news before the 9th unless the takeover negotiations are completed beforehand? If sp stays at 28p or edges higher surely an indication Hedin need to agree a higher price than 29p? Could we be looking at 34 or 35?

Crunch time? Deadline (unless extended) is Monday. Have I got that right. Negotiations I’d imagine are very difficult. Company appears to have been doing well. Trouble was shareholders not being rewarded and directors taking plump rewards in salary and benefits?
Fair price 29-35p. Hedin themselves were willing to part with their shareholding for 35p.
GLA

Hk$313m so about £33m.

Somewhat disconcerting to see large volumes being transferred (through selling and presumably buying).
I’d like to hear views on whether small shareholders could get ripped off. Hedin could change their mind? Offer a lower price? Did I read somewhere they could offer a price determined by the highest price they have had to pay in the last 12 months? What if although they have offered 29p subject to their investigations they could offer less? I read with optimism some on this board actually think the directors and major shareholders might ask for 32p. Be great. I think that won’t happen. The company is being sued for a big sum due to not delivering on a major project in Japan?
Disappointed there’s an extension. I’d rather the Board had reacted sooner to the offer. Why haven’t they come out and said what they think would be a fair price?

TD - I’ve heard and read of private ops being carried out with minimum numbers, NHS is a lot safer as they make sure they have numbers in the theatre. I know it’s a generalisation. Maybe it’s just TV dramas. When private ops go wrong, rushing patient to NHS. Tell me I’m being over dramatic, you’d probably be right.
Anyways what do you think of TLY?