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CMIP Cap.Man.& Inv

97.50
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Capital Management Investors - CMIP

Capital Management Investors - CMIP

Share Name Share Symbol Market Stock Type
Cap.Man.& Inv CMIP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 97.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
97.50 97.50
more quote information »

Top Investor Posts

Top Posts
Posted at 30/6/2016 14:16 by tonyrelaxes
I had a phone call yesterday from someone sounding out if I might be interested in selling for up to £16 to £18 per share.

They said someone is seeking to gain a majority holding and has already got over 40% pledges from institutions and are now turning to private investors to buy enough to take it to 51%.

I dismissed it as a time wasting/scam call.
Posted at 11/12/2009 11:09 by lbo
Pearl Group director Hugh Osmond has invested nearly £119,000 on buying 13,550 shares. Specialist closed fund operator Pearl gained a secondary listing on the Main Market of the London Stock Exchange on 17 November. No new shares were issued but Pearl hopes to attract additional institutional investors.

The primary listing is on NYSE Euronext. The shares were acquired on the Amsterdam exchange for €9.70 each.

Osmond, who was responsible for floating Pizza Express, pubs operator Punch Group and a number of other companies, owns 0.57% of Pearl. He has been a director of Pearl for five years
Posted at 08/9/2005 14:29 by lbo
Fevered imaginations

Osmond told to bid for CMI
Merger fever is with us again. The City is awash with takeovers, but here's one that nobody wants.

Capital Management and Investment certainly has no desire to be bought by a little concert party that already has 37pc of its shares.

The party members would much rather go to one of the pizza restaurants that Hugh Osmond used to run than bid for CMI. Meanwhile, 35pc of CMI'S investors have given irrevocable undertakings to treat the concert party more disdainfully than an evening with Des O'Connor.

The only audience that wants to be entertained is the Takeover Panel, which is conducting a takeover performance by an orchestra that simply doesn't want to play.

Over the past few years, CMI has morphed from being a menswear chain to exploiting the dotcom boom and then being used as a vehicle for a takeover tilt at pubs to hotels group Six Continents.

Now it has a nice little investment in a modular construction (please don't call them portakabins) company. But the portable company has recently flushed up a takeover of a portaloo firm (you really couldn't make this up) and that meant some new investments by the concert party members.

At this quaver in the performance, the Panel decided the concert party was bigger than when it last checked four years ago. The result already looks like a farce.

The Panel could have waved at the concert party members until they sold their 37pc holding back down below 30pc. Or forced an extraordinary general meeting to give CMI shareholders other than the concert party the chance to approve the arrangement. Instead it is orchestrating a takeover at a hefty discount to CMI's share price. If anyone is foolish enough to accept, might there be a mis-selling investigation?
Posted at 05/8/2004 17:27 by gruffly bear
Chep's chipper as competition calms down
By Blair Speedy
21jul04

BRAMBLES' core Chep pallet business is expected to have an easier run in the European market in the short term after the sale of a key rival, as this could reduce competition.

German tourism company TUI has sold its 67 per cent stake in French company Algeco for E320million ($544 million) to British private equity company TDR Capital.
Algeco owns La Pallete Rouge, Chep's main competitor in the European market, which has been losing money after a period of too-rapid growth.

Citigroup Smith Barney analyst Jason Smith said there had been concerns Algeco might be sold to a larger company committed to expanding the LPR pallet business.

But as a private equity investor, the new owner would be focusing on cash flow and cutting capital expenditure to return its acquisition to profitability, leading to a better operating environment for Chep.

Credit Suisse First Boston analyst Greg Ward said he expected LPR's sale to herald a period of "rational pricing and controlled capex allocation".

LPR had already cut capital expenditure by almost 50 per cent from calendar 2003.

This would help Chep to lift charges throughout Europe as it had done in Britain, where prices recently increased by over 50 per cent, Mr Ward said.

"We expect Chep can and will retain pricing power throughout the UK and Europe," he said.

But competition from a stronger LPR and white (disposable) pallet maker IPP Logipal, which had committed to spending E80 million in the British market over the next five years, was likely to have a long-term effect on Chep's market share, Mr Ward said.

Goldman Sachs JB Were analyst Hamish Tadgell said TDR's long-term strategy would be to maximise value from its investment. This could mean a break-up of the Algeco group, which drew more than 80 per cent of its revenue from a modular building business.

Brambles, which would be unable to acquire LPR due to European competition restrictions, could then be looking at a leaner, more aggressive competitor being unleashed in the medium term, particularly if picked up by an investor able to fund its expansion.

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