I am a trader as well as an investor and hopefully this thread will reflect both aspects ....

We should start by saying this is a highly speculative share and the market takes no prisoners.

Over the last 18 months I made lots twice in the early days - then lost it back - bought a million at 2.6p average - founded the TAG - bought another half a million or so at sub 1p - sold most at average 4.25 - bought back at 2.2p and less - sold most at 3.5p and now buying back - overall a good net profit at this time.

I think the d4e will happen (say 90% chance) and the 3% currently talked about will give or should give a price equating to say 3/5p. Longer term on succcess of d4e and progress in the sales market the shares should move to around 10p - assumming markets are not in freefall.

I am looking to buy at any time and hoping for a war generated dip - when I do I will let you know.

The TAG site is a great place for catching up on the TWT news and I will post here as well.

Currently trading on TWT is light (1.7 million traded) and the price is down a littlw with a wide spread (2.01/2.35p). This is a sets share and you must expect a crtain amount of manipulation in these troubled times - FTSE down over 4% intraday

I have a core holding of at least half a million shares and intend to be a long term investor at this time.


ainsoph


http://www.investoraction.co.uk - currently we have 804 registered members holding around 100 million shares in total

Ains,

FTSE is starting to move up rapidly now

yes


twt is trying but spread is widening

This will be successful




Telewest launches "no frills" DTV

London, May 23 2003, (netimperative)



by Chris Lake

Telewest will next month launch a digital television service that aims to provide some low cost competition for Sky and Freeview.


The number two cable operator said it will bring digital TV prices "down to earth" by launching a 'starter pack' for less than 1 a week.

Telewest Broadband will roll out the new service on 1 June, allowing consumers to access 30 channels - including Sky One, BBC Three and Cbeebies - for 3.50 per month. It said subscribers do not need to buy a set top box separately, since the device is included in the rental scheme.

The starter kit is only available as a wider package involving the installation of a Telewest phone line, which typically costs 10 a month. Normally there is a one-off set-up fee of 50 but Telewest has reduced this to 10 for the month of June.

Subscribers need to commit to a 12-month contract to receive the digital TV service, which includes free TV email and access to premium content.

Telewest Broadband MD Gavin Patterson said: "We want to give consumers a taste of what digital TV is like, as we're so convinced that once they've tried it, they won't want to go back to five analogue channels."

"We're presenting a new service that will break down barriers to getting digital TV and offers excellent value compared to both Freeview and Sky."

Ains,

About bloody time too.

Here we go at last

Hope you all had an enjoyable bank holiday weekend
Edit 2.25pm bid increased from 1.98p to 1.99p this morning, ie stronger than offer.

Cheers

Ash

Ains,

UKX FTSE rocketing up 38.20 points in 23 mins.

LONDON (AFX) - IDT Corp said it holds 24 pct of the voting shares in
Telewest Communications PLC, following the acquisition of 636,056,024 ordinary
shares and 60,322,654 limited voting ordinary shares in the company.
According to a Securities and Exchange Commission filing yesterday, acquired
stock, amounting to 22 pct of Telewest's ordinary share base, was sold by
Microsoft Corp, the US software giant.
Microsoft said in December it wanted to offload its holding in the troubled
UK cable company and John Malone's Liberty Media was given the right of first
refusal to add to its 25 pct of Telewest.
This 30 day option was not exercised.
Buyer IDT is a US media and communications group, which has a habit of
investing in troubled telecoms firms and has close ties to Liberty.
The company is known for its international callback technology, a system
which allows long distance users to bypass expensive overseas carriers by
rerouting calls through cheaper US exchanges.
It also owns the Talk America Radio Network which it bought in 2001
Telewest was not immediately available for comment. It is not known how much
IDT paid for its stake in Telewest.

er ainsoph has gone

RIP

ainsoph, how do you interpret IDT's buy!? I cannot see the motive.

Bid has moved up from 1.99p to 2.03p, to me that is all that matters, having the uncertainty of MSFT position removed must be good news IMHO.

er hello, no ainsoph resides here.

Sequestor,

No idea if Ainsoph posting on AM or not, TWT bid moved up to 2.10p, good news IMHO, still long, and watching for a decent break above resistance north of 2.17p, then who knows where it will spike to.

KDC et al were banned Mr.

Sequestor,

How do you know?

I am getting mighty peed off with TWT FTSE 100 hitting 4090.40 and TWT does not want to know!

Its common knowlege about the ban, we commoners get everywhere,
seriously I have a punt on TWT and need only anorher 10% on the bid-any contacts?

There are some rumours going around that board changes are in the process og happening with the departure of most non execs including the chairman Cob Sterman, and also twt are moving closer towards the finalisation of their d for e. Having said that although I do not expect fireworks in the stock price it will remove some uncertainty and if all goes well the share price could move up a tad.

Not a short term punt though in my opinion, it will take many years for holders at higher levels to get back to the point where the shares are even worth selling, however a final close on this disaster will be welcomed as at least we will know if their is any future

there was some glowing stuff in the Sundays about telecoms in general, but this doesn`t seem to have clicked with the 1k punters, and lets face it they move the price at a whim, perhaps they will have a punt later today.

All quite on this site ...

ainsop,

Any thoughts on the volume today ?.

It looks like from the recent press reports (which no longer seem to be posted onto this site) that the Bondholders are being even more greedy and demanding more equity in return for agreeing to the D4E swap. You would have thought that it would be in their interests to ensure a deal is signed quickly. No doubt the shares will fall further tomorrow!

Sorry wrong thread.

This approach to dealmaking signals not that the bondholders do not want to give shareholders 3%, but that they want something else; eg board seats etc. It could well be just a brinkmanship effort to secure something a minority of bondholders have been told they cannot have. Leaving it to the last minute does not feel like an issue with the D4E terms, although that is how it is being flagged.