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TRADING SPORTS EXCHANGE SYSTEMS DROPS 46% WHY?? (TES)     

legend290782 - 07 Jul 2004 21:39

I have been following this stock now for 4-5 months and think that it is significantly undervalued...

Today it dropped 46% after it issued a statement announcing Ray Ranson as the Executive Director for Business Development and that the company in the past hasn't performed as much as expected. The MM dropped the price when there were only 2 small sells. I think that they are short of stock at the moment as they only allowed 1k share block buys and put the price up 14% yesterday and the directors have a significant shareholding. With a market cap of 2m, there are potential for massive gains from this price.

My broker spoke to the Chief Executive (then a few weeks ago) Joe Tighe and he informed me that the company will be cashflow positive later this year on its existing contracts, sooner still if new ones are gained. I think that the market maker thinks this company is in trouble when it says it is 'looking at its future finance funding requirements' in the RNS, far from it...

On the 5th May Ray Ranson bought a 10% stake in the company at 21.5p, when the company was valued at just about worthless, why would he do this?? It is clear to me that he thought the company was undervalued and so it is worth doing something positive with the company. For those who don't know Ray Ranson, he is an ex professional footballer that has been very successful in finance since his retirement.

I think that this stock is undervalued and very similar to asos when I bought them at 6p a few months ago. I would be very interested in hearing anyones thoughts on this stock.

AdieH - 28 Jul 2004 13:28 - 3 of 13

Bloody hell what a share, looked at it yesterday but decided against it, oh well some you win some you lose. Good luck to all holders, do you think there is any more potential rises...

legend290782 - 28 Jul 2004 13:40 - 4 of 13

Yes I really do see them going a lot higher over the short to medium term. I estimated about 70p plus. I know it has been volatile at the mo and wouldn't be surprised to see it drop off, but from here I would expect minimum 50p plus.

I think Ray Ranson is in it for the long term... He is the type of fella that you would follow into anything

AdieH - 28 Jul 2004 14:13 - 5 of 13

Thanks legend... Will monitor today.

wraz - 28 Jul 2004 14:20 - 6 of 13

The share is only where it was heading until a mm appeared to over-react to an innocuous trading statement a few weeks back. Top marks to Ranson and crew for yesterday's statement that put some balance back into things. Now perhaps we can all concentrate on watching Ranson and crew make the business grow with his business and sporting connections.

PS Top marks also to Legend for his tips. I followed his ASOS tip and made a nice lump and this one's heading in the same direction. Thanks. Watch the papers tomorrow.

profitmaker - 28 Jul 2004 16:46 - 7 of 13

Hats off to you, Legend (Now we know where you got your name from). Looked at this but didn't understand the biz.
Where will this end up?

Anything else in your radar, Legend.

legend290782 - 28 Jul 2004 20:55 - 8 of 13

Hi PM, well basically Tradingsports provides the software for on-line betting firms.

If the talk in the guardian is true about there been a cash shell business supporting it then it could go to the moon. I expected it to do well and I had a guess that the market maker was short of stock still after he moved the price down 50% a few weeks ago. With such a small market cap i realised the potential for growth, but I didn't expect the price to move up that much straight away.

Over the medium term I reckon 70p would be a good guess.

As for tomorrow, I would be guessing if I said a price for the share. I hope that the press will see the story I have seen and will report well.

I am certainly staying in here for a bit longer.

peterparker - 24 Sep 2004 11:00 - 9 of 13

up 9% so far.

im still making small loss. hoping this moves slowly up from here.

guess im clinging to the hope that if someone like terry ramsden has invested, then there must be some decent plans for the future?!

any other holders out there... any where?

jfwinvestments - 24 Sep 2004 11:13 - 10 of 13

I'm holding. With a truly horrible loss - so far. Time will tell.

legend290782 - 24 Sep 2004 13:30 - 11 of 13

I still have a few picked them up at 16p... I think medium to long term we will be ok... I originally invested because Ray Ranson put the money in at 21.5p.. so why would he do that if he thought he would lose it.

I had no idea Ramsden was in on the company and it is a shame I have heard only bad things about the guy but, you are right peter, people have seen potential in the company and have put lots into it... Don't think it will go bust thats for sure.

107606 - 18 Oct 2004 16:53 - 12 of 13

Good rise today, does anyone know if anything is expected? There arent any planned statements, but is something pushing the price up? If so what, and can it continue?

legend290782 - 19 Oct 2004 09:13 - 13 of 13

the fact that ramsden is out and no longer has an interest in the company is a good thing.

I would like to think and hope ray ranson has bought his shares. I would guess (like i did a few months ago) that he might add some sort of business to tes in future.

company defo not going bust.
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