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

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.

jeez and fall they did, glad I bailed at just over 2.0p last week

old news I know but the bit at the bottom is of interest. I've tried investoraction.co.uk today but no response.

1,000 jobs under threat at Telewest

John Cassy
Thursday September 5, 2002
The Guardian

A further 1,000 staff could lose their jobs at Telewest by the end of next year as the debt-laden cable group seeks new ways to cut costs.

Executives expect the jobs to be shed gradually over the next 12-15 months as Telewest undergoes a financial restructuring and looks at ways to build a more sustainable business.

Earlier this year Telewest announced plans to shed 1,500 of its 10,500 employees and by the end of next year staff num bers are expected to stabilise at about 8,000.

Annual capital expenditure is also expected to fall from current levels of about 500m to 300m-350m.

A spokeswoman for Telewest insisted that there was no announcement of significant job cuts planned but sources inside the company said the headcount would be reduced over the next year.

Telewest employs staff in cities including Edinburgh, Liverpool, Birmingham, Leeds, Bristol, Plymouth, and London.

The financial restructuring moved a step closer yesterday when shareholders gave approval to plans to dispose of Telewest's 16.9% stake in SMG, the Scottish media company which also owns Virgin Radio. Schroders, the investment bank, is attempting to sell the shares for Telewestand is thought to have approached the ITV companies, Carlton and Granada.

Analysts believe it is more likely that the shares will be placed with institutions.

Talks are expected to start shortly with bondholders about a debt for equity swap which will leave shareholders owning a tiny fraction of the company.

In return for wiping the bulk of Telewest's 5.3bn debt, bondholders will be handed control of the company.

Small shareholders are rallying through internet action groups to push their case. The Telewest Action Group, which has a forum at www.investoraction.co.uk, wants to make sure Telewest shareholders get more than the 0.5% Marconi gave to equity investors in its recent restructuring.

Who runs TAG now then snap?, PAULISMYNAME pulled out I think.

I thnk the bondholders had the better of them.

Paulishisname has thrown in the towel and sold his remaining shares according to todays traders thread.

ohoh, sounds like the right move to me snap

Yes, I have, and hold no position now. The same applies I believe to Wordy another ex TAG committee member. A 3% equity deal would have given us a chance to emerge with a stake worth selling in 5/10 years time, however if it gets down to one percent/half of one percent that means in simple terms either 3 or 6 times less than today........

Simple risk management indicated it would be best to find another penny share for this small (now) segregated part of my overal capital. I had almost written it off anyway and am no longer worried about it but I do not deny it has been the worst investment of a lifetime.

But we live and learn.....at least I have gained enough trading knowedge not to ignore the coded signs

Puts the thread header into perspective then.

er lol I think is the perfect finale to that little scam .