Ray Ranson has bought a 10% holding in the company... he must think it is undervalued.

When you have a minute, have a look at his track record... and you will see why I have bought these!!

legend,this could be a real find,is he the old full back?

bombed out company

Yes he is... Thanks for at least acknowledging my post dave. If you look at the history of the asos reviews, you will see that I was a buyer and a talker on the discussion forums at 7-10p... I see them now at 55p (after selling at 40) I regularly look out for undervalued companies, particularly aim stocks.

Just have a look at his financial track record since playing football, he is no fool at all.. trust me... the guy is a financial genius!!

He wouldn't have bought a 10% stake for nothing lets put it that way. Also, the price dropped 50% a week or so ago as it was 'reviewing its funding finances'... why on the same day would he accept a directorship of the firm if he thought it was going bust??!! Surely wouldn't he accept a position as a consultant or just stay as a shareholder??

The only thing I am concerned about is if it gets taken private cheaply. I really don't think it is going bust... it is certainly worth a speculative buy.

Let me know how you go on.

I see Ranson has withdrawn his bid to buy Villa. To concentrate on TES perhaps?

I would hope so wraz!!

I spoke to the CEO, Roger Mitchell last week, and he informed me that there will be an announcement shortly about the company, what that is I don't know. I am optimistic about this company, especially at the price it is at the moment!!!

Yes he is... Thanks for at least acknowledging my post dave. If you look at the history of the asos reviews, you will see that I was a buyer and a talker on the discussion forums at 7-10p... I see them now at 55p (after selling at 40) I regularly look out for undervalued companies, particularly aim stocks.

Just have a look at his financial track record since playing football, he is no fool at all.. trust me... the guy is a financial genius!!

He wouldn't have bought a 10% stake for nothing lets put it that way. Also, the price dropped 50% a week or so ago as it was 'reviewing its funding finances'... why on the same day would he accept a directorship of the firm if he thought it was going bust??!! Surely wouldn't he accept a position as a consultant or just stay as a shareholder??

The only thing I am concerned about is if it gets taken private cheaply. I really don't think it is going bust... it is certainly worth a speculative buy.

Let me know how you go on.

This could be a very good spot legend. With a market cap of nearly 2 million I should think there are not many shares around too...

I have read a bit about Ranson today and you are right, he is no fool!! What do you think is in it for him as Executive Director of Business Development??

Well I suppose a few reasons. I think it might have a lot of tax advantages for him. Also, he could add one of his cash rich businesses to it or even perhaps would like the reputation of turning a company round into a success so people will follow him into other 'bigger' things later on. Who knows?? I know the fundamentals don't look the best but I think there is definately something positive going on.

We will see what the RNS says... I am with you on this one Legend, I don't think it is too much of a gamble to be honest and I can't see them getting any cheaper. There are buyers only for the past week... this is a good thing.

Yes there are buyers only - about 80k+ bought this week and no sellers. The price has stayed at 13-17 too.

That spreads a tad nasty though, guna keep the buyers away at that price dont you think...

It isn't the best spread I have to admit, but it proves the mm's are cautious about it.. at 18p to buy, I think that there is massive potential for shareholder growth. Look at Ranson's comment in the last RNS, he certainly thinks so.. I mean he bought 10% of company at 21.5p, as it stands he is losing a lot of money, so it is more than within his interest to put the company on the map. The man is worth 30m plus with a proven outstanding financial track record. He wouldn't surely put all this time and capital into a 3 legged horse would he??

Every trade this week has been a buy...

Yes it has, plenty of positive volume. I think we could be on to a real winner here.

I have only ever lost money on one share, I don't think this will be number 2!! I really think these can do well.

Did you buy many wraz?

P.S. Anyone wanting to discuss TES or have any questions please feel free!!

Yes i have been looking at this, still cannot quite work out what they do? Setting up person to person betting? is there a market for this. Tried thier web site the other day and it wasn't working properly. Not sure about Ray Ranson either was that a good economic desicion to want to buy an ailing football club like the V**** (no swearing). Mind he wasn't a bad player when he played a few games for my team B'ham City. A bit tongue in cheek will be watching with interest.

They provide trading platforms for firms like Betonsports and if you have a look at their market value - approx 130m... massive market potential.

They provide the software for these types of firms.

As for Ranson, he put in a 30m bid for villa, and I think Ellis rejected the bid because he realised that the club was worth 100m plus so I suppose it wouldn't have been bad business.

If you have a look at the following link it explains about Ranson and his entrepeneurial success. See what you think

Language legend!! thanks for that looks like they edted the link. Living in Brum there was obviously a lot in the local press about his buisness successes. I will be watching this one.

Very funny kivver. After my broker spoke to Joe Tighe (the ex chief executive) and him telling him he expects the company to be cashflow positive later on in the year, earlier if new contracts are won, I think the company has massive potential. With not many shares around, it has the potential to do very well. I estimate 5 times from where it is now.

15.5 at the mo, your target 77.5p by when? That would be excellent. Hope your right!

Price moved mid morning without any trade, this is a good thing. MM's might be short or think there may be a story...

As for ASC, not too sure about buying them again to be honest. They could go to the moon, but I'm not going to risk it.

Have you bought any TES Kivver?

Up they go, plenty of buyers

Hi Legend,first post on this board but been reading for a while.Had a good look at TES and the website after reading your first thread,it's a slightly different take on the average online betting system but we all know that online gambling figures just seem to keep growing and I think you have a winner.Can't see any reason for the 25% hike today.Do you think this is just a spike or it is on it's way.Would be interested to hear your comments,you are definately the expert here.

Hi there. As I said earlier, I really think that from what the last chief executive said to me Joe Tighe.. that the company will be cashflow positive later on this year on the contracts it already has, let alone the new ones it gets, so I really think that the company going bust wasn't an option.. although it sounds daunting that a 'company is reviewing its funding finances'as it was said in the last RNS.

I think that when the price got to 30p, the company may well have promoted a bit of negativity to knock the price back down, if someone in the company for example wanted to buy a large amount of shares like now. This worked to a large extent and even pannicked out (what looks like an institutional holder) of 290k shares at 10p. This gave the mms some stock back and since then there have been very few sellers indeed and largely buyers. I now think mm's are short of stock again, hence the price rise to try and get some stock back.

Did you notice that the RNS came out after the price went up 5p, I think the company realised that people see the one way which this company is going, and would have found it hard to issue the shares at that price if the price was say 25p, so it brought out the announcement.

In terms of the fund raising,if i was a betting man (no pun intended on the company!!), it wouldn't surprise me if Ray Ranson was the guy wanting to buy shares at that price. If this is so, then he has already said that he thinks the company was significantly undervalued at 21.5p, so you can see why he would want a larger piece of the cake at 15p, and who wouldn't.

I know it may not seem crystal clear and there are a lot of assumptions, but it could explain a lot of things that have been going on. I think buying the stock now for the next 4-6 months could be a very good move.

I too have been following TES and it seems the panic sell (an institution????) of a couple of weeks ago appears to have been offset by speculative buyers. Does the market maker appear to have over-reacted? Looks like real buyers have come out to play! Hold tight the roller coaster's off and running....

Legend im not in at the moment, nearly fully invested. I am torn between tes and kmr, both look to be going in the right direction.

Have a look this morning guys - up 66.7% right now!!!!!!!!!!!!!!!!!!!!!!!!

Well spotted Legend.

PS The Sun featured it yesterday as a big riser.

As I said yesterday, we're off and running!!!!!!!!

Well done you guys are in, the spread kept me out, shows what I know :)

Nice few days..

Simon

There's more ...much more...to be had. Ranson's on to something.

Wraz

PS It was featured in today's Sun not yesterday's, sorry.

i'm just setting the rope up in the attic now, i can see why you are called legend, well done! Is it to late? you did think 5 times 15p was possible. (joke about the attic by the way)

There was also an article in the Guardian this morning:

"Among the smaller companies, Tradingsports Exchange Systems , the Aim-listed betting software company, stole the limelight. Its shares jumped 4p to 19.5p, prompting the cash-strapped company to reveal that it had received offers of funding from several parties, which are reckoned to include a number of cash shell specialists."

I bought in at 22p! Yay!

Its ok Kiv, yes I am a legend, so many are called but so few are chosen plus my birthday has come a day early!!

I think there is a long way to go from here, I am certainly in it for the long term, even if there is a bit of profit taking over the next couple of days.

I still think mms are short and there is a genuinely good story here that needs to be taken advantage of. I didn't buy any when they were 15p unfortunately, I bought mine a long time ago at 22p, 25p and 27.5p. It is good that they are at least in profit. I aren't even tempted to sell.

I spoke to someone earlier that phoned C S in London and someone there said it would get to 70p by the end of the day. I hope so!!!

Kivver, sorry not to answer your question earlier. I took the view of 5 times because I looked for similar companies to compare TES with and I came across a company called Gaming Bourse which was floating (when TES was in the 20's) at 10 times what TES was and the company was 3 years younger than TES.

This gave me the indication that either Gaming Bourse was 10 times overvalued or TES was 10 times undervalued or somewhere in the middle i.e. 5.

As I keep saying about Ranson, I really think this guy is the key in all of this... he realises that the company is undervalued by his placement of 1m shares at 21.5p and then quotes it is significantly undervalued. It wouldn't surprise me to see the share at a pound at some stage, thats how clever I think he is but obviously you have to leave a bit in it for the market don't you!!

Great call legend, I know how hard it is when you are looking for the share price floor! I have dipped my toe in the water. All a bit late, but hoping for a follow through tomorrow. These tiddlers move fast when they do. Always a chance of profit taking tomorrow, but if you don't buy a ticket for the lottery.......

rgrds
gk

Hope your right legend im in now. The price went up on relatively low volume so im now hoping people will research the prospects of this company and come pilling in to send the price in even higher. Legend have you got any other companies which will rise about 125% in 2 days??

This is unbelievable. So who's in on this then?

i am and what a thrill it is!!!!!!!!!!

It is my birthday too patsy, couldn't think of a better present. I reckon the good publicity will start now.

Well I'm hanging on for the rollercoaster and thanks for the postings

Freefalling at the mo despite some big buys :~(

Probably the mm trying to panick people out again or probably some profit taking??

I am in it for the long term

I am in, but pooing my pants, I was in at 37.38p so doing OK, hope we see no more drop today though....

Simon

Just look at the last trades simon....

Yer, looking like we may have seen the back of that little drop....

Simon

Turning out to be a real rollercoaster, hold on to yer pants!

He who dares...

The Patience Wheatcroft Column in the Times:

*Directors' director...... 36-million profit.

*Speculation that Terry Ramsden is planning to inject cash into Trading
Sports Exchange and take a seat on the board.

Look guys, I am going to be honest with you, I predicted it to go up over the next 6 months or so to something like 70p, but what has happened over the past few days has been unbelievable, something I don't think I will ever see in a stock again.

I think there is an awesome story to be unveiled about this company and already people are speculating what it could be. I think with a cash rich business shell, there is absolutely no doubt it could go to the moon, but I truly think this price rise has been driven purely by massive shortage of stock (as I predicted) and speculation. I usually like to buy companies that have plenty of cash and I can work out fundamentally that they are undervalued.

With this company as we have seen, you never know what is round the next corner and with the erratic market making, it scares the crap out of me to be honest.

Don't be surprised to see it drop off 10 or 20p, I estimate that the mm is now long on stock now after the sells today.

Are you still in wraz?

AFX

TradingSports Exchange Systems shares extended their recent strong run,
adding another 9 pence to 49 amid speculation that former City dealer and
betting entrepreneur Terry Ramsden is to participate in the firm's planned
re-capitalisation.
TradingSports shares have leapt from a closing level of 15.5 pence on
Monday after group confirmed on Tuesday that it is currently reviewing
funding options.
The firm said then it has received offers of funding with a view to
re-capitalising the company to 'take it on to its next stages of growth'.
TradingSports said the offers received for funding are at a price of not
more than 15 pence per share, but rumours of Terry Ramsden's involvement
have sent the stock spiralling higher.
Ramsden has recently been involved in re-financing moves for two other
small cap firms, Leisureplay and Hansard Group, with shares in both having
spiked higher on the news.

Thanks Legend, in long term. will ride the rough with the smooth

I got out with 50% today at 58p. I'm in for the ride with the rest. Nice 10k+ profit. Thanks Legend. Any more where that came from?

can someone tell me why the price today is going down when there are two buyers to every seller??

Is it not up 20%????

It is on my screen.

not on my screen I'm afraid

On my screen TES +%21.4

Sorry folks wrong screen, big boo boo humble apologies. Too long at sea!!!

Are you going to hold simon, really torn because there dosen't seem to be any real reason for the rise. The company have said that themselves, or do think that is a little white l**.

hi guys been watching intently over last few days with you.

my feeling is as long as there is speculation that someone like terry ramsden with the rep he brings with him, will be investing in TES, the share price IMO should keep goin up, maybe not at the same crazy pace as of late, but never the less, still up.

leisureplay and hansard the two other small caps hes linked to are still moving higher.

so until either ramsden comes out and says he not buying into TES, OR the hansard or leisureplay shares are allocated to ramsden and then sold, at which point their respective shares will plummet, causing TES holders to panic sell, we should be ok.

Fair call peter... I predicted Ray Ranson would have something up his sleeve, but all the papers and reports suggest Ramsden is the fella that has been making the headlines. I should just exercise caution because anything can happen from here with the price now and I see it as a gamble.

I am a very cautious person (I showed this by selling out of asos at a cheaper price than most!!). This is probably because I finished uni (and was skint for most of it might I add!!) last year, so I know the value of money more now that I actually have some!!

know what u mean legend, was a student not too long ago myself, will be watching monday,

good luck to all.

Be very careful guys. Terry Ramdsen has been done for bankruptcy to the tune of 25 million and been jailed for fraud. I was enjoying the ride at Hansard until I found that out. Is it all going to go pearshaped? London Stock Exchange to investigate why the sharp rise in Hansard. Hope you all make pots of money - just keep a watchful eye open.

Good start to the day. Will it continue??

70p mid price reached, well done legend!

I am happy people have made some money on this. If I am honest, I bricked it at 50p. It is a gamble from here, for me time to move on, but will watch with interest. Well done everyone!!!

If anyone is interested, I will let you know what I am buying next??

yes please legend - I sold at 71p. and am very happy indeed ecstatic and thank you

im greedy so and so and holding on, something has to be going on, all these people cannot be buying on speculation alone.

Thanks Legend bought in at 47p and still holding, kivver your right something is going on for this share to still be rising, don't care what it is just happy to be holding. Regards AdieH.

morning to all. kivver i think everyone is buying on speculation on the hope of similar gains seen with hansard and leisure play. when RNS comes out either we'll get another big push up, if rumours are confirmed or share will fall off. but theres still quite a bit left in this one IMO.

I am really glad people have made money on this and full marks for staying in here... I am perhaps too cautious, just like when I bailed out with asos!! I will still keep posting and look out for what is going on.

Legend have you looked at kmr (kenmare resources). A longer term approach needed but this looks a no brainer to me. What do you think?

Here we go again up 3.5p already, what are peoples realistic targets for this share... someone mentioned previous price of 1.40 are we heading for that or will it take major news for that to happen?

Times suggests an announcement today regarding Terry Ramsden and financing

Times

RUMOUR OF THE DAY: TRADINGSPORTS EXCHANGE SYSTEMS (talk it will today confirm new financing from Terry Ramsden) - DIRECTORS' DEALINGS: CHARACTER GROUP (two directors buy stock) - TEMPUS: HSBC (buy), INCHCAPE (sell), WH SMITH (hold)

AFX


LONDON (AFX) - UK small-caps opened firmer, led by TradingSports Exchange Systems, whose shares again headed north on talk of an imminent financing deal. A profits warning from Nestor Healthcare tempered overall gains, however, with the FTSE Small-Cap index just 0.7 firmer at 2,478.6 by 9.10 am. The FTSE 100 was 5.2 adrift at 4,410.5.

TradingSports Exchange Systems continued to climb as speculation increased over the conclusion of a new financing deal.

Gossips suggest that the AIM-listed betting software specialist will soon confirm new financing from Terry Ramsden, the former Japanese warrants trader-turned investor.

TradingSports, whose shares rose 8 pence to 78-1/2, said last week that it had received funding approaches from several parties

Good buying including one for 250,000 got to be a good sign.

Yes its looking good, holding for 1.00 then i'm out...

At todays low...Is it time to get out?

TradingSports confirms talks with Terry Ramsden on 4.5 mln stg financing
AFX


LONDON (AFX) - TradingSports Exchange Systems PLC confirmed it is holding talks with Terry Ramsden, the former Japanese warrants trader-turned investor, about financing of up to 4.5 mln stg.

The company said it received a proposal from a number of institutional and other investors, led by Ramsden, to subscribe for up to 30 mln shares at 15 pence each.

TradingSports said final negotiations are still ongoing and that it will send a circular outlining the proposals to shareholders next week.

newsdesk@afxnews.com

ak/

anyone know what this means please

not sure whats goin on here, think there was a 250k buy this morning and the price fell, now another 500k buy, not moving yet. any ideas?!

30M shares to flood the market?

Yes I have seen... that is a very cheeky!!

I have just bought some Broker Network Holdings (BNH). I will be writing a post on there later as to why I bought them. I bought at 61p and expect minimum 1.30 return....

Legend,

Which online broker can I use for shares like TES and BNH? My broker, IMIWEB does not deal with these shares. Thanks.

Ramu

Well done leg end.

Looks like you have another, but what drew youto it?

ramu, look at broker advarts to see who deal on the AIM index.

Most do, one or two do not.

Go to the Motely Fool at www.fool.co.uk who usually have a few who they are pushing, but the cross sections will help.

If not look at hoodless brennan, Hargreaves & Lansdown, etrade, to name but a few.

In nmaming them I do not give any accompanying recommnedation, as to me they are all as good as each other.

I hope all you TES punters are out.

If not, look at the price

Seawallwalker,

Many thanks - I managed to buy a few BNH from Hoodless Brennan.

Ramu

Guys,

I have detailed reasons for investing personally if anyone is interested.

The company has a market capitalisation of just 11.68 million at the time
of writing - share price 77.5p. Having raised 2 million net in May this
puts the enterprise value of the company at under 10 million.

Brewin Dolphin are forecasting operating cashflow of 2.85 million in the
next financial year. Having already beaten Brewin Dolphin's forecasts for
the last reported year this looks more than feasible and would leave the
shares trading on a p/e ratio of 5.1. For a growth company this is
exceptionally low by any standards.

Furthermore, the cash generated is to be utilised by acquiring brokers on
very sensible terms. The fear, as highlighted in Investors Chronicle's buy
recommendation last Friday, is that acquisitions must be found. However,
Monday's announcement eases this worry and on this basis I decided to buy
and believe that the shares are significantly undervalued.

It would be interesting to hear anyones thoughts on the stock. I think with the cash element it will be a lot safer than Tradingsports Exchange systems and I might actually be able to sleep easier at night!!

legend, what is it your view on TES,REPLY MUCH APPRECIATE.

I tried to post on here last night but must have deleted itself?? Anyway, I have put something on BNS for you to look at cobras

what is going on with tes????????
i heard rumours of around 140p when things were going good. is it time to get back in???

I am waiting to see how far it does go down first. In the medium to long term I really think that this share will do very very well. Yesterday all of terry ramsdens companies took a hammering after a very pesimistic article published about him. When I bought the share, I had absolutely no idea he was going to be involved with this company and it has slightly put me off, now he is involved.

All the references i have read lately say 'stay well clear'.

hi legend
can you point me to the article
cheers

what's happen for this company to fall so much in so little time?

All the companies Terry Ramsden has been involved with have completely fallen out of bed this past few weeks... Hansard, Leisureplay and not TES.

The reason for the fall is that so many new shares have been issued that it has diluted the other investors out. I really think if you hang in there, the shares will be good long term but they could easily drop to 10p just like that, thats why i am holding off a bit even though I think as they stand now they are undervalued... but it would be good to pick up some shares at 10p!! My main fear is that it could get taken private cheaply.

Hope this helps

60% up today... Whats going on with this one...

where do you get 60% from i think its 43% is it?

im in again for 15k

Sorry my mistake...

up and down like a tarts nickers

Ramsden's return runs into trouble: Financier hurt by investors' failure to
deliver promised 10m: GUARDIAN

BYLINE: Neil Hume

BODY:
The City comeback of Terry Ramsden, the financier who was once one of
Britain's wealthiest men, looked to have hit difficulties yesterday as the
share prices of three Aim-listed companies in which he holds or plans to
take significant equity stakes all fell sharply.

Hansard Group, a City PR firm run by former stockbroker Adam Reynolds, fell
13.5p, or 32%, to 28p; Caplay, a cash shell, shed 4.87p to end at 5p;
TradingSports Exchange Systems, another shell company, dropped 6p to 15p.

The falls followed news released by Hansard after the market closed on
Tuesday night that three investors in a 10.65m share placing had failed to
come forward with the money they had pledged.

The fundraising will see Mr Ramsden emerge with a 10% holding in Hansard and
the proceeds will be used to acquire Holborn, a rival financial PR firm, and
Griffin Leisure, a property company owned by Mr Ramsden.

Griffin recently acquired 215 acres near the luxury Sandy Lane resort in
Barbados. Mr Ramsden is said to have snatched the site from under the noses
of Sandy Lane's owners - the Irish billionaires JP McManus and John Magnier
- and plans to build time-share apartments on the site.

It is not known who the three investors are or why they failed to deliver.
However, sources close to the deal stressed that Mr Ramsden was not one of
the three and there was no problem with the Barbados deal.

Hansard, which is changing its name to the Financial Development
Corporation, is expected to update the market on the progress of the placing
this morning and is likely to announce that it taking legal action against
the investors who failed to pay.

The son of a factory cleaner, Mr Ramsden shot to fame in the 1980s when he
made 150m in the Japanese warrants market.

At one point he was Britain's 57th richest man and used his fortune to
support a lavish lifestyle. He owned up to 100 thoroughbreds and thought
nothing of placing 1m bets. He also owned Walsall football club and had a
30% stake in Chelsea FC.

That all turned sour after the Japanese stock market crashed in 1987. A year
later his securities company, Glen International, collapsed with debts of
140m and Mr Ramsden was declared bankrupt.

In November 1993 he was charged with fraud for his trading activities at
Glen but escaped jail with a two-year suspended sentence. Five years later
Mr Rasmden was behind bars after being found guilty of hiding 300,000 from
his creditors.

Mr Ramsden made his City comeback in the summer when he announced plans to
take an 11% stake in Caplay, then called Leisureplay. He has increased his
holding to 14% and Caplay made a 500,000 investment in the private treaty
market, a system Mr Ramsden claims will revolutionise securities trading.

His plans for TradingSports Exchange Systems are not yet known but are
thought to include an internet betting site. A 4.5m fundraising led by Mr
Ramsden is due to close next week.

better news this morning

Daily Mail Newspaper :

Shares in Financial Development - the renamed Hansard Group - found good support, closing 4p higher at 32, after the company revealed it received subscription monies from investor Terry Ramsden with regard to its recently-announced 10.65m placing.

There were fears that Ramsden was one of the three investors which have dropped out of the placing.

Meanwhile shares in TradingSports Exchange Systems - another company in which Terry Ramsden is involved - got a boost from the Financial Development news, closing up 2 1/2p to 17 1/2p.