SnorkelBoy26 Jun 2010 22:03
Hi there. Thanks for your thoughts. I spoke with Mike McLaren and he expects to do a "roadshow" in the near future to encourage investment. Curent contracts held by AMRAC have pricing agreed to 2013, I think was suggested, therefore the profit of £7m per annum seems pretty stable till then. What happens with pricing on the rights through to 2018 is anyones guess. Mr Mclaren is the only director on Timeweave payroll at the moment, he says. I felt this was a bargain at 26p so getting in with a lot below 25p was a bonus. I did not anticipate sell offs due to downgrading to aim, though cancelling ISA shares has also taken place. This is worth looking out for with other companies. Have seen this happen the other way with Monarch Water, and again I did not twig what would happen! They should be "safe" opportunities! I'm confident that cash will flow back to shareholders as well as at least a 7% div. One comment I read was that the company fancied buying a larger stake in AMRAC. What I do hope is that this type of share gives a medium term gain with no or little downside if the FTSE has another dip! Best wishes for now and thanks again for the contact.