Net b2b2 board to propose capital reorganisation
AFX


LONDON (AFX) - Net b2b2 is to propose a capital reorganisation and share buyback programme at its AGM on Feb 28.

The board has proposed that each of the 479,547,265 shares in issue and 120,452,735 unissued existing shares be consolidated at a ratio of 1 ordinary share for every 100 existing ordinary shares.

The group is also proposing to increase the authorised share capital from 6 mln shares to 12 mln and under the proposed share buyback, the board would be restricted to buying in 400,000 shares.

The board has also proposed to cancel the share premium account of 11 mln stg.

The company said in a statement is believes 'that now is an appropriate time to cancel the deficit on profit and loss account in order to restructure the Company's balance sheet to more accurately reflect the reality of its financial and trading position.

'It will also facilitate the payment of dividends to shareholders in the future if this is decided upon by the board,' it added.



What does this mean for a shareholder??

Squidd

Looks like you could have been right regarding the bottom of SP as it has just taken a sly creep upwards , so fingers xxx

G12

Noticed that NEB has today come up on Haystack's robot pick stocks.
sd.

fingers xxxx looking good

Up another 18% today, wow .
Having to rely entirely on the chart for this one because apart from the hefty share purchase by the chairman, I can find no news whatever.
The sp was over 80 in the dot-com boom days, so if it reaches 80p it will rejoin the 99% club after an absence of some years. For much of the time it has been bouncing along just above 60p, so if it climbs through decisively, I think the chairman and any followers could find themselves in blue sky.
sd

News at last, and another boost to the sp.
sd.

we should see the sign in a couple of months if news keeps coming in.

I think people who were in for a quick buck yesterday are now jumping ship, so price should stablise and slowly rise again over the next couple of months.

G12

I take that this is good news as we are on the rise again after a sharp fall yesterday!

Have a good weekend all
G12

I think NEB still has some way to go upwards, but I worry that it may revert to its low volumes and lack of news flow. So, after the recovery spurt, I've jumped ship in order to focus on my favourite recovery stock ELA, which enjoys a higher profile especially after all its recent troubles.
sd.

Not quite sure what other shares are upto but may be once the Budget is over and done with they will start to move on! You have only got to take a look at the FTSE and how that has dropped over the last month , may be the same reason.

G12

Guys.....I hope we will be hearing some good news soon......to boost the SP.