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Hi GB,
The results in the annual accounts are the legacy business and Richard’s efforts are mainly on the future AI driven fin tech/banking platform.
We have a top team
The PPS lottery is a legacy business that is not part of the fin tech banking business going forward.
Some pi’s seem to think that as the acquisition of the lottery business has not yet closed, this is a failure of Richard and his team and an example of where targets are not being met. I do not think that this analysis is correct for the following reasons:
1) the delay is due to requirements of the Charity Commission. Although PPS is not a large lottery operator, it does provide benefit to many small charities. As we have seen with the passport office, DVLA, backlogs have built up in administrative processes and significant delays are the result. I do not know the specifics of the delay in the completion of the PPS transaction, but I would imagine that these factors may also be at play at the Charity Commission/hundreds of small charities;
2) the PPS has been hived off into an off balance sheet vehicle, and hence is no longer part of Tintra’s business operations. This is important as Middle East investors will now be able to invest in Tintra without the link to a lottery/gambling business;
3) when plans are created, some aspects go faster and unfortunately some do not go according to plan. The key is that the overall plan stays on target and that the overall project is not derailed. In this case, Tintra’s project is ahead of plan and the lottery has not derailed the project
So for me the lottery disposal is an unfair criticism
Excellent article. Once Tintra has all necessary patents applications in and IP protected, more information of the project will be revealed
Nice price
Great news
Hi Newuncle,
Does the Tintra Foundation not have a shareholding as well
One Lambo or two sir with your champers
Hi Biker,
A key part of my investment strategy is to go to agm’s , ask the questions where you have doubts and look the execs in the eye.
In one situation, this saved me 97% of my investment
Hi Biker,
I looked at the csfs situation. Not convinced of any fraud, but looks like they may be guilty of a lack of planning
Hi Biker,
The Mauritius license was only granted late in April - so it is possible that build out of platform is still underway?
Hi Newuncle,
I also re-read the interim report from last October. It is interesting to see the change in vision and how this has taken shape over the last 15 months.
In my view, pi’s should have exposure to this share as even 1000 shares could produce significant gains - imagine only 1,000 pi’s buying only 1000 shares would have the mms running for the hills
Same here Newuncle- these models are based on the achievement of milestones and Tintra have stated that they are ahead of where they expected to be.
I have added 3 times sub £1 and will continue to build my trading pot. My core holding is for the big bucks
Looks like a forced sale - daily market in Tintra shares unable to absorb this quantity of shares without a substantial fall in price. The mms must still have a large number of these shares on the books and so current price is likely to act as a floor as they look to mark the price higher to offload
My estimate is £20-25m
Taken advantage of low price to add to my trading pot
Another master stroke by Richard and the Board
Thanks GB
I don’t see any late trades yesterday?
Yet hey use the spread to disguise transactions. They change the spread just before putting through a transaction - so any analysis of trades is dubious