Anyone investing in Telspec?

I appears their recent announcement to move to AIM has prompted a
sharp fall in the share price and recovery is not looking great for
the short term.

Apparantly Telspec is on a PE of 1 IF R&D is not included, so one could
argue that this is a bargain....

Anyone have a views and additional information?

TSP will go up further today - now 18p

TSP has been rising very nicely in an otherwise dodgy market. No RNS news but has anyone heard anything to account for the very welcome gain?

I haven't. I think that someone has woken up and noticed the healthy credentials. It is also worth noting that this move is on fairly feeble volume. Money for jam at the moment :-) DYOR

"Shares in Telspec added 2.5p to 21.5p today. The word on the street is that the company, which has 6.5 million cash and receivables and 8 million pounds in tax losses and a market cap is 8.7 million pounds, has a number of big broadband deals on the way." from UK-Analyst.com

Thanks for that - TSP now 24p to buy.

Take care - this is very thin.

Very rapid rise - Too much too quick always worries me, took profit and cashed in, maybe too early ??

No shame in that. I have added. I want to see this play out.

It feels like someone is working a large buy order. The price is being walked up by all the MMs today without any reported trades. I'll be looking out for the late-reported trade later

QED Colin Blackbourn

TSP is not moving up...now 7.5p...is Colin Blackburn still in it?

Good to see him off....


Telspec chairman Duncan Soukup resigns over directors pay dispute
AFX


LONDON (AFX) - Telspec said that its director and chairman Duncan Soukup has resigned with immediate effect 'following a disagreement between board members as to directors remuneration'.

Earlier this month, the firm said it was launching a fundamental review of its ability to remain a going concern due to an 'unsustainable' cash-burn rate.

newsdesk@afxnews.com