Member Info for tiltonboy

Ignore Marlow; spouting rubbish! This is a balance sheet event, and if you guys can't read a balance sheet, you have to wonder why you invest. http://uk.advfn.com/news/UKREG/2014/article/63451533

They have no distributable reserves. In actual fact, there is a £30m deficit...lol...

They can't pay a dividend at the moment!

This is nothing to concern or excite. It is purely the mechanics to issue shares en bloc rather than apply for a listing of each piddly amount of shares that gets converted from the Loan Notes from time to time. It is not a pre-cursor to an imminent conversion of notes, but of course it could happen. The only reason you would want to convert, is to sell the shares in the market.

I bet they are cussing you. Probably got all these announcements lined-up to come out after the option awards!

All very odd, and I wouldnt be surprised in the slightest if they are storing up the news once they have got their options sorted.

They all marked after hours, and very much doubt they are all buys!

I've not sold, but this is not as good a deal as the residents are making out. It might be the best available, and without it the company would probably have died a slow death, but in reality shareholders have been royally shafted.

It's something we pay out on. Part of the coupon is a cash cost, and the other part is PIK (payment in Kind) On a $50m loan, we will be paying $3.25m in interest, and the same figure will be accumulating each year.

Don't forget that management have awarded themselves options that will, once exercised, give them 25% of the fully diluted share capital. So, the bonds will convert into 56.5% of the equity, and the management will have options which on exercise will give them 25% of the equity. Aditionally the PIK notes will further dilute our interests once issued. I reckon current DQE shareholders will end up with an economic interest of around 10% of the company.

I'm afraid that's the nature of a good proportion of AIM companies, and the very reason that I rarely touch it. I will see this one out, but my idea of trading the range is not working out at the moment as it has all gone quiet.

of next year that is!

To be fair to PEG, previous updates have been in January, so best to wait until then, but I wouldn't be surprised to hear them say "weighted to the second half"

Perhaps not then!

lol...so much impatience! This is PEG remember, they don't do regular!

19th last year, so hopefully get something this week.

At the time of the trade they were 11.25-11.75p, and WINS moved down shortly after.

I understand WINS picked up the 100k via an IDB. Possibly WIRE being the seller. WINS probably went on the look for stock after bumping into a buyer. No idea who the underlying buyers are. Would indeed be nice if it was directors buying.

Peel wasn't the buyer this morning!

Bought back part of my trading stock at 10.75p; just a shame I didnt follow my instincts and sold more at 14.75p.