I am really glad people have made money on this and full marks for staying in here... I am perhaps too cautious, just like when I bailed out with asos!! I will still keep posting and look out for what is going on.

Legend have you looked at kmr (kenmare resources). A longer term approach needed but this looks a no brainer to me. What do you think?

Here we go again up 3.5p already, what are peoples realistic targets for this share... someone mentioned previous price of 1.40 are we heading for that or will it take major news for that to happen?

Times suggests an announcement today regarding Terry Ramsden and financing

Times

RUMOUR OF THE DAY: TRADINGSPORTS EXCHANGE SYSTEMS (talk it will today confirm new financing from Terry Ramsden) - DIRECTORS' DEALINGS: CHARACTER GROUP (two directors buy stock) - TEMPUS: HSBC (buy), INCHCAPE (sell), WH SMITH (hold)

AFX


LONDON (AFX) - UK small-caps opened firmer, led by TradingSports Exchange Systems, whose shares again headed north on talk of an imminent financing deal. A profits warning from Nestor Healthcare tempered overall gains, however, with the FTSE Small-Cap index just 0.7 firmer at 2,478.6 by 9.10 am. The FTSE 100 was 5.2 adrift at 4,410.5.

TradingSports Exchange Systems continued to climb as speculation increased over the conclusion of a new financing deal.

Gossips suggest that the AIM-listed betting software specialist will soon confirm new financing from Terry Ramsden, the former Japanese warrants trader-turned investor.

TradingSports, whose shares rose 8 pence to 78-1/2, said last week that it had received funding approaches from several parties

Good buying including one for 250,000 got to be a good sign.

Yes its looking good, holding for 1.00 then i'm out...

At todays low...Is it time to get out?

TradingSports confirms talks with Terry Ramsden on 4.5 mln stg financing
AFX


LONDON (AFX) - TradingSports Exchange Systems PLC confirmed it is holding talks with Terry Ramsden, the former Japanese warrants trader-turned investor, about financing of up to 4.5 mln stg.

The company said it received a proposal from a number of institutional and other investors, led by Ramsden, to subscribe for up to 30 mln shares at 15 pence each.

TradingSports said final negotiations are still ongoing and that it will send a circular outlining the proposals to shareholders next week.

newsdesk@afxnews.com

ak/

anyone know what this means please

not sure whats goin on here, think there was a 250k buy this morning and the price fell, now another 500k buy, not moving yet. any ideas?!

30M shares to flood the market?

Yes I have seen... that is a very cheeky!!

I have just bought some Broker Network Holdings (BNH). I will be writing a post on there later as to why I bought them. I bought at 61p and expect minimum 1.30 return....

Legend,

Which online broker can I use for shares like TES and BNH? My broker, IMIWEB does not deal with these shares. Thanks.

Ramu

Well done leg end.

Looks like you have another, but what drew youto it?

ramu, look at broker advarts to see who deal on the AIM index.

Most do, one or two do not.

Go to the Motely Fool at www.fool.co.uk who usually have a few who they are pushing, but the cross sections will help.

If not look at hoodless brennan, Hargreaves & Lansdown, etrade, to name but a few.

In nmaming them I do not give any accompanying recommnedation, as to me they are all as good as each other.

I hope all you TES punters are out.

If not, look at the price

Seawallwalker,

Many thanks - I managed to buy a few BNH from Hoodless Brennan.

Ramu

Guys,

I have detailed reasons for investing personally if anyone is interested.

The company has a market capitalisation of just 11.68 million at the time
of writing - share price 77.5p. Having raised 2 million net in May this
puts the enterprise value of the company at under 10 million.

Brewin Dolphin are forecasting operating cashflow of 2.85 million in the
next financial year. Having already beaten Brewin Dolphin's forecasts for
the last reported year this looks more than feasible and would leave the
shares trading on a p/e ratio of 5.1. For a growth company this is
exceptionally low by any standards.

Furthermore, the cash generated is to be utilised by acquiring brokers on
very sensible terms. The fear, as highlighted in Investors Chronicle's buy
recommendation last Friday, is that acquisitions must be found. However,
Monday's announcement eases this worry and on this basis I decided to buy
and believe that the shares are significantly undervalued.

It would be interesting to hear anyones thoughts on the stock. I think with the cash element it will be a lot safer than Tradingsports Exchange systems and I might actually be able to sleep easier at night!!