SueHelen
- 04 Nov 2003 09:21
Experts in Digital Print, Technology and Client Relationship Management.
Directors have been picking up vast amounts of this stock in the past few months. The last RNS came out shortly after they had sold the Cheltenham Property base that one of the directors had bought 1,000,000 shares. Most of the directors now hold a good beneficial interest in the company.
With only 40 million shares in issue it seems that sooner than later the directors will be considering taking the company back into private hands by carrying out a management buyout at 10 pence.
Doc still has 3 properties.. software seems good .. (go to their website) coupled with their clients...
A great punt at these prices.
www.documedia.co.uk
SueHelen
- 04 Nov 2003 09:24
- 2 of 44
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SueHelen
- 04 Nov 2003 09:26
- 3 of 44
In the last week there has been some very large buying in this stock with a 400,000 buy at 2 pence, followed by a 500,000 trade at 2.25 pence and a 250,000 buy at 2.25 pence.
planttec
- 04 Nov 2003 09:30
- 4 of 44
40% spread looks a bit scary for a punt !!!!
petralva
- 04 Nov 2003 09:30
- 5 of 44
could be interesting but dont like the 40% spread!
petralva
- 04 Nov 2003 09:32
- 6 of 44
beat me to it plantec!
SueHelen
- 04 Nov 2003 09:33
- 7 of 44
yes but I just keep accumalating, the spread is smaller when the volume is high, with only 40 million shares in issue I think there are trying to discourage buyers as they have some large buy orders to fill at the 2.5 pence level. (like the ones I have listed that have come through in the last week).
Andy
- 04 Nov 2003 09:55
- 8 of 44
SueHelen,
But the price still has to rise a long way before you make a profit with a spread like that!
ckmtang
- 04 Nov 2003 09:56
- 9 of 44
the share worth 2p now but the ask and bid price is 2.5 and 1.5 seemed take long time to make a profit/
SueHelen
- 04 Nov 2003 10:37
- 10 of 44
True chaps, but have high hopes that the price rise will more than cover the spread.
SueHelen
- 04 Nov 2003 10:40
- 11 of 44
Someone is buying in huge chunks at the 2.5 pence level hence the MM's are keeping a widened spread to discourage buying. That is what I think, having seen the large buys that have come through in the last week.
goldfinger
- 04 Nov 2003 11:10
- 12 of 44
SueHelen, I like the look of this one and can see your point of view on the spread, am just wondering where you have found your research on them going private. Do you have a link please or some item I can read up on.
cheers GF.
SueHelen
- 04 Nov 2003 11:43
- 13 of 44
Refer to their previous news releases throughtout the year. In addition, Investors Chronicle had a snippet on them mentioning the same thing at the beginning of the year due to their market capatalisation at being only 800K against assets of 10 pence a share.
SueHelen
- 04 Nov 2003 11:45
- 14 of 44
Few got the hint when they attended the Annual General Meeting(AGM) in the summer.
goldfinger
- 04 Nov 2003 11:53
- 15 of 44
Many Thanks for that Sue Helen.
cheers GF.
AdieH
- 04 Nov 2003 12:12
- 16 of 44
thanks for the information.
SueHelen
- 04 Nov 2003 13:09
- 17 of 44
price dipped back to 2.25 pence to buy so will wait for a few days before accumalating more and would recommend the same.
SueHelen
- 04 Nov 2003 16:04
- 18 of 44
T10's closing their positions today and tomorrow possibly so one to leave for this week. Will update again next week.
AdieH
- 13 Nov 2003 13:21
- 19 of 44
Moving today, any news, even the bid price has moved a fraction. Anyone got any news on this one.
SueHelen
- 13 Nov 2003 18:53
- 20 of 44
Price closed at 1.75-2.25 pence today. Interims are due at the end of the month so could see some positive guidance and a management buyout could be looming.
Regards,
Sue.
AdieH
- 13 Nov 2003 20:50
- 21 of 44
Thanks Sue, I'm hopeful bought in at 2.25 so need some further movement north.. In your opinion is 10p a realistic target price ? Or is that just pie in the sky any foundation to this price?