Member Info for TheTid

I think the ‘theory’ is that the price is currently down 114 pence, give or take, (to allow for the drop caused by dividend) and so as with most shares after divi the price drops but slowly recovers back to where it was/ should be. The consolidation ‘theory’ is that less shares should mean each is worth more hence the ‘theory’ that it should recover the ‘cost’ of the divi. But that’s all ‘in theory’. Personally, I’m not sure they shouldn’t have left well enough alone and used the money to invest in the company or raise the dividend more slowly. When the divi is paid, however, one can only hope this pushes the price back up a bit as people reinvest. Still got my fingers crossed with a tiny bit of profit on the deal, but current climate and anxieties are not working in our favour. Hey ho. Don’t know what other people’s thoughts are on this?

Mention here earlier about changes in planning legislation announced a week or so ago... I was wondering if this was good news or not for NRR, don't know what the impact could be but would be interested in people's thoughts.

Thanks for that. Thought I had read, probably some time ago now, that they were diversifying into Warehouse property - clearly not. GLA..

There's an article on REITs in the Daily Mail money page today saying that it thinks they will recover given that some companies are currently worth less than their property value although NRR aren't mentioned. They also talk about warehouse space being of value in the 'new normal'. I think I'm right in saying that NRR has some of this kind of property as well. Encouraging perhaps.

I agree with your comments, it's not that I'm not tempted to buy back in, but maybe too scared after painful burning of the fingers here. The brand is still a strong name and they do have good homewares, but everything they do these days is a diluted version of who they used to be. I think they have too much of lots of different stuff and in homewares especially, that quickly eats through any profits when it doesn't all sell. What they need is a strong design director with the confidence to take the brand in a clear, focused direction. At one time you could always recognise a Laura Ashley product, now it all looks a bit like everything else. It seems like Urban outfitters understands the brand, maybe management will learn from that...

Glad to see that LA didn't completely! miss the florals and frills key hot trend of the season — great stuff from Urban outfitters — a prime opportunity for LA to roll out some of their vintage stuff for themselves and sadly they blew it! Their clothing range is a sight for sore eyes and makes me weep everything time I look at their new season stuff. So, so sad. I held shares here for three years and sold out after the last update. To me paying down debt with what little cash you have when you're trying to rebuild a brand doesn't make business sense. I had another share where the company used a cash windfall to buy back half their shares and then six months later their major shareholder bought the remaining shares for a knockdown price. Fishy stuff and I am suspicious of what management is up to here. The best on offer iis that the company that made a bid for LA earlier in the year might come back again in October? with another offer. I don't think LA would stand a chance with the idea of issuing more shares to raise funds so I don't really see how they can keep going. I'm no expert, who knows, miraculous and unexpected things do occur. Best of luck to all brave souls still holding.

Absolutely agree with your points: to have wasted that opportunity to invest the $8million, we should have smelt a rat maybe, the first time Jactel's approach didn't seem to make sense. Also, we haven't mentioned Guardian mosquito repellent, that adds quite a bit to the deal pot as well. I spoke to someone at the LSE in the AIM department and they said that any complaints about due process will be investigated. I don't want to put a spanner in the works (as if I could) for us all getting some money back. But I wonder if there is an opportunity for investigation retrospectively? I think the tide's are turning and companies shouldn't be allowed to just get away with things like this. I notice that Hargreaves Lansdown are the second biggest major shareholder in Tyratech, a shame that they don't seem to be voicing any concerns about this deal.

Just heard back that details of APPRAISAL RIGHTS will be contained in the proxy notice from Tyratech which is being sent out this week.

Thanks for info. Apparently, if shareholders think the price offered is too low they can exercise appraisal rights which means the deal is then subject to an independent ruling. I thin this is the case, I'm definitely not an expert. Does anyone know about this? Getting any advice/information is difficult. I guess at the end of the day if majority of investors want to accept the deal then that should be supported. Thanks for all messages.

I don't understand why people are selling at the moment? If the deal were to go through do we get 3.15 a share or do we get a relative sell price to this which is about 2.90? It seems very hard to get information or to see how we could organise a push for a higher price. I'm afraid that I'm feeling we don't have much alternative other than to take what we can get? Any thoughts?

Thanks for the calculations Elartu, I thought it was going to be something around that figure. Details about the Vamousse deal are on the Tyratech website under RNS: probably useful for other people to verify that I have got the right end of the stick. Also, I am trying to clarify if the proposed deal is technically a merger or not: seems to me we should get some relative share allocation in the new 'company' when it's a merger. Again I'm no expect so other input is welcome on this. Tyratech say it themselves in the last update that the market is worth $6 billion: it doesn't seem unreasonable after our support of the company over the years to expect to see a bit more of that.
Named major shareholders of Tyratech accounts for around 59% of shares: does this pi's hold most of the rest? In which case we have the deciding power! We have a week or so to try and rally shareholders to agitate for a better deal.

What is happening to left over cash? After the sale of Vamousse, and share buy back, Tyratech was left with 4.5 million in cash and their recent update confirmed that they had 3.7million dollars in cash, presumably after commitments.There is also the agreed top up payments from Alliance Pharma if Vamousse sales reach certain targets: at the time of the sale Tyratech was pencilling in up to 4.5 million dollars over a period of five years(?). Is all this money going to AMVAC now. Still seems like they're not paying enough for what they're getting.

Good to see your thoughts... It would be a risk, of course, if we all voted against the deal — look what happened to House of Fraser, stitch up job if ever. And I'm sure for lots of people here, me included, the crumbs of share increase are welcome and not to be sneezed at — but I would say that that's exactly what they're relying on. A sudden share price increase sounds huge, but really we should be at twice this at least. The fact remains that AMVAC clearly wants the company, and if we are able to make it difficult for them, we might at least be able to make them pay more for it. I'm going to do some research to see what the pros and cons might be of stopping the deal — does anyone know about these things? We have a few days before the proxy arrives. At the least we shouldn't go down quietly... I'm emailing Bruno at Tyratech for starters...

We have been well and truly screwed! Fair enough doing a merger, but giving the stuff away is surely fraudulent. What happens if we don't vote yes for this? Do they seriously have to close the company if the deal doesn't go through? Maybe they would have to come to some other agreement. If the company closes then seems to me amvac would lose lots of money as well. Time for a shareholder rebellion?

Tyratech have announced new stockist, Brookshire Grocery Co of their Guardian product from July (now?!). They have 175 stores. Sounds like some good news...

Interview with Bruno on proactive investors � worth checking out. GLA

I think contracts are what people are waiting to hear about � don't know about earnings, anything would be good, seems to me most of previous earnings came from Vamousse.! I just did a quick tally of current value: given they have 161,587,641 common shares currently and the price is around 2,35 (pence) that gives a value of just under 3.8 million (I think!) do people agree? This seems low to me, especially if their potential looks like coming to fruition. Any smidgen of good news and I'm hoping this will zoom north.

I agree with points you make. If the product(s) are as good as they seem to be I think it makes sense to hang on in and wait for good news which I believe will come.

whoops, freudian slip perhaps. Not tasing but trading update.

Saw on their website they were at a poultry trade event on Friday selling their wares hopefully. Maybe some news on this front?