SueHelen
- 14 Jan 2006 13:25
PRICE 0.23-0.35 PENCE........14.01.06
TRADES OVER 105,000 SHARES ARE DELAYED IN REPORTING BY 1 HOUR.
Press Mention in the Daily Mail Newspaper on 14.01.06
City & Finance Section.....Page 77.
Priced at less than a penny, Enition attracted a flurry of speculative interest and firmed 0.03 to 0.24p. Turnover swelled to 24m-plus amid speculation that former IT minnow and cash shell is on the verge of featuring in an interesting reverse takeover deal. Enition has 700,000 cash in the bank and has said it is exploring acquisition opportunities in the energy sector.
3 MONTHS CHART + RSI, MACD, AND VOLUME INDICATORS
3 MONTHS CHART as CANDLESTICKS + MOMENTUM, ROC AND OBV INDICATORS
I YEAR CHART + BOLLINGER BANDS
SueHelen
- 14 Jan 2006 13:27
- 2 of 53
Details of the New Directors - September 2005.
On completion of the Proposed Investment (assuming the Capital Reorganisation is
duly approved by shareholders), Adrian Finn and Anthony Leon will resign as
directors and the following persons will be appointed directors of the Company:
Peter James Greensmith, Chairman, aged 42
Peter Greensmith has over 17 years investment banking experience. He spent
several years at Samuel Montagu and Hill Samuel before joining Dresdner
Kleinwort Wasserstein. At Dresdners he became the COO of the Global Research
Department before being made a director of Dresdner Kleinwort Wasserstein Ltd
with responsibility for European Private Equity and Mergers and Acquisitions. In
2002, he founded and became Executive Managing Director of Libertas Capital
Group plc, a London-based investment bank, focusing on advice and principal
investments in the energy industry, which was subsequently quoted on AIM. At
Libertas, Peter specialised in advising clients seeking to go public in the UK,
and in mergers and acquisitions - with particular focus on the energy sector, as
both adviser and principal. In March 2005, Peter became Chief Executive Officer
of Libra Natural Resources plc, an AIM-listed investment company. He is a Member
of the Securities Institute and FSA registered as Director and Corporate Finance
Advisor.
Peter Greensmith is currently a director of Libra Natural Resources plc,
Vest4Good Limited, King-Coal Corporation Limited and Parvus Capital Limited, and
within the last five years was a director of Libertas Capital Securities Limited
and Libertas Capital Corporate Finance Limited.
John Harold Stirling, Non-Executive Director, aged 42
John Stirling has over 15 years of business development and management
experience. Following several years as a practising engineer, John joined
Deloitte LLP (formerly Deloitte Management Consulting) where he helped Fortune
500 clients in many industries through significant operations improvements.
After seven years with Deloitte, John gained line management experience when he
became Vice President of Operations for an insurance company where he was
responsible for leading a large technical services staff. At the same time, John
joined the board of a power technology startup which he later joined as Chief
Financial Officer and Vice President of Corporate Development. John is currently
pursuing his interests in renewable energy by co-founding T2M Resources, Inc.,
an advisory services firm serving renewable energy companies, where he is
Executive Vice President and Chief Financial Officer. John holds bachelor
degrees in Mechanical Engineering and Economics and a Master's in Business
Administration.
John Stirling is currently a director of Stirling Consulting Services LLC and
T2M Resources, Inc, and within the last five years was a director of Ramgen
Power Systems, Inc.
Jonathan (Jason) Ashley Carey Teichman, Non-Executive Director, aged 40
Jason Teichman has over 20 years experience in the financial markets. He spent a
number of years broking in the international debt and convertible markets.
Following this he spent three years at Collins Stewart Tullett broking U.S.A.
and European Equities. He has spent the last two years working as principal on a
number of mergers and acquisitions and investment projects across a range of
industries and regions.
He is currently a director of Emil Partners Limited and Triple Play Investors
Limited and has held no other directorships or partnerships within the last five
years.
SueHelen
- 14 Jan 2006 13:29
- 3 of 53
Directors' shareholdings are as follows (24 October 2005):
Director New ordinary shares New % of issued share
acquired shareholding capital
Peter Greensmith 25,144,730 25,144,730 3.14%
Emma Myers 0 6,670,000 0.83%
John Stirling 25,144,730 25,144,730 3.14%
Jonathan Teichman 25,144,730 25,144,730 3.14%
Following the fundraising, the Company has also been informed of the following
substantial shareholders:
Shareholder New ordinary shares New % of issued share
acquired shareholding capital
Bruce Khouri 37,716,557 37,716,557 4.71%
Maitland Investments Ltd 125,721,854 125,721,854 15.68%
SueHelen
- 14 Jan 2006 13:33
- 4 of 53
I like a bit of gamble and this is a very high risk high reward stock. I'm in as off yesterday with 900,000 shares at 0.23 pence. These look to me like a valuable addition to my portfolio.
SueHelen
- 14 Jan 2006 13:39
- 5 of 53
Trades over 105,000 shares are delayed in reporting by 1 hour....so all the very biggie buys reported yesterday will show as sells on moneyam as the price moved within the hour of the original trade going through.
The 4.50 million T trade buy at 0.23 pence caught my eye yesterday along with the 3.25 million T buy at 0.23 pence.
I believe someone was in the market yesterday for 7.75 million shares off these yesterday.
SueHelen
- 14 Jan 2006 14:20
- 6 of 53
Use this one..... a lot of interest should start building in these from Monday courtesy of the below:
Priced at less than a penny, Enition attracted a flurry of speculative interest and firmed 0.03 to 0.24p. Turnover swelled to 24m-plus amid speculation that former IT minnow and cash shell is on the verge of featuring in an interesting reverse takeover deal. Enition has 700,000 cash in the bank and has said it is exploring acquisition opportunities in the energy sector.
SueHelen
- 14 Jan 2006 14:22
- 7 of 53
At the moment now Enition is a cash shell....so no point in looking at ENT's past. There is no business at the moment.
What excites me is the pedigree of the new directors who have joined the board.
jameel06
- 14 Jan 2006 14:24
- 8 of 53
SueHelen, I see alot of buys on friday at .23 rising to .25... I was just keen on seeing what the new management have in stall??? But surely its ambitions to explorew acquisitions opp.'s in the energy sector has been an old committment made my the new management? So what seems to have chnaged? Other than the recent increase in trades? Views as always welcomed?
SueHelen
- 14 Jan 2006 14:28
- 9 of 53
The snippet in the Daily Mail today basically points out that ENT is now on the verge of concluding a very interesting reverse takeover deal in the energy sector
I think the snippet on ENT in the Daily Mail Newspaper carries a lot of weight and should lead to further big interest in these next week.
There is no much else to go off.......but some press mention before any news is always welcomed.
SueHelen
- 14 Jan 2006 14:32
- 10 of 53
The new management have only been at the helm since late September....so the commitment from them is new as well.....they've raised the cash....had three 1/2 months to explore opportunites....I think in the next couple of months a deal will be finalised and ENT will be a new company with a new business.
The cut off date for cash shells is now end of March so as with other cash shells there will be a lot of developments over the coming weeks....not all of them look tasty but I think looking at the people on the board again....this one could be a nice little earner.
catnip
- 14 Jan 2006 14:32
- 11 of 53
Interesting counter - 12408 hits in little more than an hour.
SueHelen
- 14 Jan 2006 14:33
- 12 of 53
Hi catnip....ignore the counter for now....trying to get it reset...it's off my DMR thread...the one u know which has been very popular.
jameel06
- 14 Jan 2006 14:35
- 13 of 53
From my reading the the 3.25 million were in fact sells 'T' at 0.23 pence
SueHelen
- 14 Jan 2006 14:38
- 14 of 53
Jameel...the trades displayed on the trades page are not always displayed correctly. This is because trades over 105,000 shares in ENT are delayed in reporting by 1 hour.
So if u were to buy 500,000 shares at 0.25 pence on Monday at 09.00 then u have ur 1 hour delay in the trade being reported. If by 10.00 the bid price is at 0.25 pence then ur trade will be marked as a sell.
None of the financial websites have come with a cure to this.
SueHelen
- 14 Jan 2006 14:42
- 15 of 53
In the instance of the 3.25 million T trade at 0.23 pence.....u have to work it out if is a buy or sell....A T trade represent a single protected transaction in that an order has been worked through the day at a specific price. We already had the 4.5 million T trade at 0.23 pence which was definitely a buy as the displayed offer was 0.23 pence. The market maker was immediately able to fill that order. In this instance.....the same individual more than likely wanted more shares at the 0.23 pence......but there was a lot of retail buying also going on at the 0.23 pence....so the market makers had to push the price up. So in order to fill the 3.25 million T trade at 0.23 pence one of the market makers purchased around 2-2.5 million shares at the 0.23 pence before the offer price was increased. Later in the day...the market maker which was WINS in this instance used those shares that they purchased to fill that 3.25 million buy at the 0.23 pence price.
Level 2 tool comes very handy to identify trades like these.
SueHelen
- 14 Jan 2006 14:50
- 16 of 53
Some more information on Peter Greensmith:
Peter Greensmith, non-executive director, has over 16 years Investment Banking
experience. He spent several years at Samuel Montagu and Hill Samuel before
joining Dresdner Kleinwort Wasserstein where he was the COO of Global Research
Department before being made a director responsible for European Private Equity
and mergers and acquisitions. He is a founder and Executive Managing Director of
Libertas Capital Group Plc, a quoted London investment bank (AIM code: LBR).
Was involved in bringing Libra Natural to the market.....at a issue price of 5 pence a share back in March last year.......now trading at 16 pence (been as high as 18 pence) with some very good prospects.
jameel06
- 14 Jan 2006 14:54
- 17 of 53
I have had a look on website for the Daily Mail briefing but unable to find it anywhere? I wonder what it says exactly? May I ask you something?
What was your methodology in picking out ENT - ie how did you pick it?
jameel06
- 14 Jan 2006 14:56
- 18 of 53
SueHelen, MJR referred to GGGW, any views? How would you compare GGGW and ENT in terms of risk v return..... It seems that although mjr based his judgment on level 2, however I guess if the Mail has also quoted ENT then it gives more weight
jameel06
- 14 Jan 2006 14:58
- 19 of 53
I take your view on the strength of management - especially in M&A work with key investment banks and acocuntancy firms... Another realted point: you mentionned that you bought some shares in ENT but surely if this was done today then your buy will only go through first thing Monday morning?
SueHelen
- 14 Jan 2006 14:58
- 20 of 53
Jameel....it is in the newspaper today...page 77. I found it on the pressdisplay website and I have posted the article in the header post.
I was looking at Level 2 on ENT yesterday...the stock was already on my watch list and I have been following events since the new managment were appointed. The article in the Daily Newspaper has proved to be a lucky star and made any assumptions I had yesterday concrete. I am very happy with my purchase now and looking forward to developments over the coming weeks.
SueHelen
- 14 Jan 2006 14:59
- 21 of 53
Jameel....I made my purchases in ENT yesterday morning at prices of 0.225 and 0.23 pence.