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