GEOFFREY.R
- 01 Nov 2003 16:46
I bought shares in this company at 4.5p in September 2003. I see they are rising. Can anyone tell me please the growth potential for this company as they have just been awarded several new contracts ?
davepyle
- 14 Mar 2005 08:29
- 1799 of 1924
I'm in the Bankone club.....was expecting a "hope it recovers by pension day" job....I've just been converted to the feng shui investment approach and will paint my front door red in hope of a good post suspension chart....
davepyle
- 14 Mar 2005 08:29
- 1800 of 1924
I'm in the Bankone club.....was expecting a "hope it recovers by pension day" job....I've just been converted to the feng shui investment approach and will paint my front door red in hope of a good post suspension chart....
littlejon
- 15 Mar 2005 07:28
- 1801 of 1924
you never know they might (not expecting though)announce a TDI contract whilst suspended, which would be rather nice ??
Bones
- 15 Mar 2005 07:52
- 1802 of 1924
ntkntk - you seem to be speculating about big contracts for their existing business when the suspension has occurred because of a significant acquisition that would be classified as a reverse takeover (per the RNS). This says to me that the existing business has effectively been written off as a bad job and that CMS Webview is little more than a shell company being used for a new business to reverse into.
Basically your boatloads of shares now depend on the new business being a worthy investment. I wouldn't rely on TDI or any of that. I think the market had already given its view on that business by marking the shares down to 1p.
willhy
- 15 Mar 2005 08:36
- 1803 of 1924
Its not that easy to write off their current business. They have to support their current contracts. What would happen with CBOT?
Bones
- 15 Mar 2005 08:47
- 1804 of 1924
willhy, yes of course, but it doesn't have to be done by CMS Webview plc. That part of the business (valued at 1p by the market before the leak) might be taken private or sold off, probably for very little. I am only speculating but it seems likely to me.
bhunt1910
- 16 Mar 2005 13:26
- 1805 of 1924
?
Bones
- 16 Mar 2005 20:09
- 1806 of 1924
Bhunt1910. Have you something to put in front of the "?" ?
bhunt1910
- 28 Mar 2005 09:05
- 1807 of 1924
Just back from hols so looking for news on this.
Does anyone have any idea of timetable - or best guess as to when this will resume trading - I can only find statements about the share being suspended ?
Thanks
Bazza
willhy
- 29 Mar 2005 12:09
- 1808 of 1924
could be up to 6 months! But now 3 weeks have passed it looks less likely for a deal to collapse. Hope its a good one.
bhunt1910
- 29 Mar 2005 14:41
- 1809 of 1924
Thanks Willhy - but I hope its not 6 months !
Walktall
- 08 Apr 2005 13:00
- 1810 of 1924
CMS WebView PLC
08 April 2005
Restoration of Shares and Trading Update
Further to the RNS announcement on 10 March 2005 regarding initial talks
relating to a potential significant acquisition, the Board of CMS WebView plc
('CMS' or 'the Company') confirms these discussions have now been discontinued
and CMS has requested the immediate restoration of trading in its shares.
The Board felt that the structure of the deal and potential benefits would not
be in the best interests of CMS shareholders at this point in time, when
factoring in current opportunities for CMS to strengthen its position by
ensuring key business is secured in 2005.
Strategic Review
On 29 November 2004, CMS announced it was embarking on a Strategic Review after
a shortfall in anticipated new sales of its proprietary TDI modular software
system.
CMS Directors have now completed the Review, which included all aspects of the
business, including the sales and marketing strategy, overseas operations,
central administration and the continuing development of the core technology.
The Directors were of the view that in the absence of guaranteed significant new
TDI orders it was necessary to maintain the Company's positive cash position by
cutting costs in areas that would not compromise service to existing clients or
damage the prospects of winning new business.
One of the largest cost savings has been achieved by closing the US offices in
Chicago and New York, and by the regrettable redundancies of all US office
staff. At the same time, the UK headcount has now been reduced through a
combination of redundancies and by not replacing non-core personnel after
natural wastage. Moreover, CMS has successfully renegotiated contracts with a
number of its suppliers and advisers on more favourable financial terms, and has
consolidated its operation regarding UK premises.
As a result of the Q4 2004 and Q1 2005 cost cutting measures, the Company has
reduced estimated losses for 2005 by around 50%, based on the conservative view
of CMS securing no additional TDI or data feed orders this year. Further cost
savings during the year will also be implemented.
New Contract and New Business Strategy
CMS is delighted to announce that a key Exchange client is placing a new order
for significant enhancements to the TDI system as part of the Exchange's
changing business requirements, which will be delivered by the end of May 2005.
With the new contract in place, and still assuming the conservative stance that
there will be no further new orders of significance for TDI in 2005, losses for
the year are expected to be approximately 550,000, leaving cash reserves of
around 700,000 at the year end.
In terms of new business development, CMS is focusing strongly on a revised
sales campaign over the next three months. As part of the campaign, it will be
primarily targeting prospects that arose from the 2004 and Q1 2005 marketing
effort to exchanges, banks, and financial data/system suppliers. Specific focus
is being placed on those prospects that could lead to additional revenues but
will incur only minimal development costs and associated overheads.
Enquiries, please contact:
Bob Antell Neil Boom
Chief Executive Managing Director
CMS WebView plc Gresham PR Ltd
020 7744 7722 020 7404 9000
Justin Lewis
Chief Executive
Corporate Synergy Plc
020 7626 2244
This information is provided by RNS
The company news service from the London Stock Exchange
skyhigh
- 08 Apr 2005 13:04
- 1811 of 1924
what a bummer! knew it would end in tears ! will wait for this to hit the bottom and pick up a few more (imho about 1.25P)
Global Nomad
- 11 Apr 2005 20:08
- 1812 of 1924
Do we know if there is any investigation into whether someone made a small fortune before trading was suspended, probably on the back of sensitive info......
skyhigh
- 22 Jun 2005 08:38
- 1813 of 1924
At least the cash position is good... no need to raise more funds this yr.
It's critical that this time we really do get the expected orders "later this yr".
I think SP may slowly creep up a little... but will soar with any good orders announced... they have got to deliver this time!
Global Nomad
- 22 Jun 2005 10:15
- 1814 of 1924
hi skyhigh, looks like we are holding the fort here,
i hope you are right. extended contracts and new products, cost cuttings coming into play, all sounds very positive. I am not sure if they will soar given investors past experiences but lets hope so. I would be happy with a good steady rise rather than the flatlining we have at the bottom.
lets see,
GN
bhunt1910
- 22 Jun 2005 10:59
- 1815 of 1924
I am sitting n a massive loss - so will be happy to see a gradual increase - although I do not see much chance of that happening frrom the latest results. Still looking on the positive side - I do need some losses to offset the capital gains on SEO
Baza
BANKONE
- 22 Jun 2005 12:05
- 1816 of 1924
bhunt1910, global and skyhigh are you like me in with the institutions around 14p. If they were in I thought I'd get in - been in bottom drawer for over a year now may brush the dust off and cross my fingers for some orders being signed. The product TDi etc must have impressed the institutions perhaps the time is now right.
ptholden
- 22 Jun 2005 15:56
- 1817 of 1924
Not quite on your own guys! This was and remains my Number One cock up! Sitting on quite a loss and have more or less written it off! Would be amazing if it ever recovered!
Back to sleep now. zzzzzzzzzzzzzzzzzzz
pth
pension271
- 22 Jun 2005 17:08
- 1818 of 1924
I thought join in - me too - and I know of two other guys - all sitting on substantial loss on this one. Good to see at least something is stirring. Hope for the best. p/271 sharing the pain !!