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RCC Range Cooker

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Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Range Cooker LSE:RCC London Ordinary Share GB0002182896 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
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Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

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Date Time Title Posts
07/1/200311:57Ranger cookers about to take off again240
15/2/200214:3720p ?? - somebody is having a larf :(3
20/12/200105:56Range cookers check out todays results17
10/6/200122:09what is the best small cap shares your opinions14
17/5/200120:59Range cookers why the fall2

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Posted at 11/12/2002 09:48 by james8
sounds like it will be 20 days ++ before we get any money


RNS Number:9531E
Britannia Living Limited
11 December 2002



Britannia Living Limited - Offer for Range Cooker Company PLC



Offer Wholly Unconditional






On 8 November 2002 Altium Capital made an offer (the "Offer"), on behalf of
Britannia Living Limited ("Britannia Living"), for the whole of the issued
ordinary share capital of the Range Cooker Company PLC ("Range"). Britannia
Living is pleased to announce that, all of the conditions of the Offer having
been satisfied or waived, the Offer is now declared unconditional in all
respects.



Settlement of the consideration due to Range Shareholders who have validly
accepted the Offer will be effected in accordance with the terms of the Offer.
The Offer will remain open until further notice.



As at 3.00 p.m. on 10 December 2002, valid acceptances of the Offer had been
received in respect of a total of 154,845,023 Range Shares, representing
approximately 97.4 per cent. of the current issued ordinary share capital of
Range. Such figures have been confirmed by Capita IRG plc, who are acting as
receiving agent to the Offer.



As at close of business on 14 February 2002 (being the business day prior to the
commencement of the Offer Period), Britannia Living neither owned nor controlled
any Range Shares.



Included in the total above are acceptances, representing in aggregate
approximately 73.6 per cent. of the issued share capital of Range, received
from:



(i) John Armstrong, the Chairman And Managing Director of Range, in
accordance with the provisions of the irrevocable undertakings to accept the
Offer given by him in respect of his holding of 108,200,000 Range Shares,
representing approximately 68.1 per cent. of Range's issued share capital; and



(ii) Nigel Wray in accordance with the provisions of the irrevocable
undertakings to accept the Offer given by him in respect of 8,798,000 Range
Shares, representing approximately 5.5 per cent. of Range's issued share
capital.



As sufficient acceptances have been received under the Offer, Britannia Living
intends to implement the provisions of sections 428 to 430F of the Companies Act
to acquire compulsorily all outstanding Range Shares. A letter, together with a
statutory notice pursuant to section 429, will shortly be posted to Shareholders
who have not yet accepted the Offer.



Britannia Living will procure that Range applies for the cancellation of the
admission to trading of Range Shares on the Alternative Investment Market. It
is anticipated that such cancellation will take effect twenty business days from
this date. Following cancellation of admission to trading, Range Shares will no
longer be traded on a recognised investment exchange and accordingly there will
be no market for Range Shares and they may be difficult to sell. In addition,
Range will be re-registered as a private company in due course.


Range Shareholders are urged to accept the Offer without delay, as this will
enable them to receive the consideration under the Offer sooner than under the
compulsory acquisition procedures referred to above.







END
Posted at 29/11/2002 21:11 by james8
The meagre offer has gone thru as expected. Wonder when I get my dosh?

RNS Number:5057E
Britannia Living Limited
29 November 2002

29 November 2002



Offer by Altium Capital Limited on behalf of
Britannia Living Limited
for

Range Cooker Company PLC

Unconditional as to acceptances and extension of Offer



This announcement is not for release, publication or distribution in or into the
United States, Canada, Australia or Japan

On 8 November 2002 Altium Capital Limited made an offer (the "Offer") on behalf
of Britannia Living Limited ("Britannia Living") for the whole of the issued
ordinary share capital of the Range Cooker Company PLC ("Range").

As at 3.00 p.m. on 29 November 2002, being the first closing date of the Offer,
valid acceptances of the Offer had been received in respect of a total of
154,165,411 Range Shares, representing approximately 97.0 per cent. of the
current issued ordinary share capital of Range. Such figures have been
confirmed by Capita IRG plc, who are acting as receiving agent to the Offer.

As at close of business on 14 February 2002 (being the dealing day prior to the
commencement of the Offer Period), Britannia Living neither owned nor controlled
any Range Shares.

Included in the total above are acceptances, representing in aggregate
approximately 73.6 per cent. of the issued share capital of Range, received
from:

(i) John Armstrong, the Chairman and Managing Director of Range, in accordance
with the provisions of the irrevocable undertaking to accept the Offer given by
him in respect of his holding of 108,200,000 Range Shares, representing
approximately 68.1 per cent. of Range's issued share capital; and

(ii) Nigel Wray in accordance with the provisions of the irrevocable
undertakings to accept the Offer given by him in respect of 8,798,000 Range
Shares, representing approximately 5.5 per cent. of Range's issued share
capital.

Britannia Living hereby declares the Offer unconditional as to acceptances and
gives Range Shareholders notice that the Offer (as contained in the Offer
Document and in the accompanying Form of Acceptance) will remain open for
acceptance for a further 14 days until 3.00 p.m. on 13 December 2002.

The expressions used in this announcement shall, unless the context otherwise
requires, bear the same respective meanings as in the Offer Document posted to
Range Shareholders on 8 November 2002.


For further information, please contact:

Helen Kilsby Tel: 0207 484 4040
Director
Altium Capital Limited

Keith Salisbury Tel: 0161 839 4222
Director
Brewin Dolphin Securities Limited

John Armstrong Tel: 01253 471 122
Chairman
The Range Cooker Company PLC

Altium Capital, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for Britannia Living and for no one else in
connection with the Offer and will not be responsible to anyone other than
Britannia Living for providing the protections afforded to customers of Altium
Capital nor for giving advice in relation to the Offer.

Brewin Dolphin, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for Range and for no one else in connection with
the Offer and will not be responsible to anyone other than Range for providing
the protections afforded to customers of Brewin Dolphin nor for giving advice in
relation to the Offer.
Posted at 09/11/2002 13:19 by james8
contrarian,
my favourite share which meets most of the Slater criteria is Hornby:- no debt; good divi; low PE; almost unique products with household names which are selling well; share price at new high.
Interims next Fri
what about you?
Posted at 18/10/2002 18:08 by uffy
I believe that the dividend gets paid to those on the register at the start of trading today, and so, in theory the 1p fall in the share price should have already occured. I am hopeing, as a holder, that the slight pull back which we saw this week, was the MM's trimming the price in anticipation of the dividend.
Posted at 18/10/2002 08:57 by james8
I suspect that the seller may still be around- keeping the share price down.
Posted at 11/10/2002 23:18 by shortermer1
Most definitely a sell imo.

If it was a buy then we'd be staring at a share price of about 23p!!

ST.
Posted at 10/10/2002 09:28 by james8
09/10/2002

Range Cooker calls off takeover talks

Independent directors of Aim-listed Range Cooker, maker of old-style ovens under the Britannia brand, have pulled out of drawn-out takeover talks with entrepreneur Robin Russell and his backer, Graphite Capital. Christopher Spink reports.


The talks began in February when the group said a party, which turned out to be Russell, in association with an un-named director, would be likely to make an offer 'at or around 20p a share'.

Chairman John Armstrong, who owns 68 per cent of the shares and his partner Nigel Wray, who has a 5 per cent stake, agreed not to talk to any rival party and to accept the offer, if it was made, at or around 20p or more. This agreement lapsed in mid-August with the offer not lodged.

Another unnamed party entered the frame. Armstrong has said he will pay Russell's group £350,000 if he accepts this offer as compensation for management time incurred.

Now the directors, including Armstrong, have cancelled talks with Russell 'on valuation grounds'. This maybe because in the year to April the group reported a 22 per cent to £4.4m on sales up 14% to £15.4m.

The company made 1.94p of earnings per share, which exceeded broker Brewin Dolphin's forecasts. This puts it on a PE ratio of just 8.8 at today's 17p share price.

No dividend was paid at the time but today the company has declared a 1p special dividend payable at the end of the month. Trading in the first five months of the year 'is in line with expectations'.

No directors nor Brewin Dolphin were available for comment.
Posted at 16/8/2002 13:53 by james8
Hi WCB,
Sloppy use of words on my part to say 20p bid rejected- more put to one side.
The original statement saying RCC would accept an offer of 20p or more doesn't necessarily mean they HAVE to accept a 20p offer IMO.
I wish Armstrong well for compassionate reasons, but it is also in shareholders' interest that he has the strength to thrash out a good deal for us.(IMO not something we can rely on other directors to do).
I'm surprised to see any slippage in share price because I feel it should be underpinned at 20p.
Posted at 15/8/2002 09:26 by washbrook
James 8
I don't think that was the reason they shot up.
Look at the results from 1997
Year profit £m eps divi share price day before results.sp day of results
1997..0.99..0.63p..0p..share price not known @ time of results
1998..1.96..1.19p..0.13p share price not known@ time of results
1999..2.2..1.0..0.43p 7p..8.5p
2000..2.83..1.22p..1.0p..15p..15.75p
2001..2.83..1.56p..1.88p..15.5p..17.75p
2002..4.41..1.94p..0.8p..18.25p..19.75p @9.10am
Therefore since 1997 results
Profits 345.45% up
eps 203.125% up
Posted at 15/8/2002 07:45 by washbrook
Although I sold out my holdinggs @22.5p and 22.6p it is sad what has gone on in this company.
20p selling off the company and now the talks are off.If the major shareholder wanted to get rid of the company surely he could step down fom c/e and board could find another.Eventually selling off his holding to other potential buyers.
Forecast for 2002 results £3.8m profit eps 1.7p divi 1.4p.
Actual £4.2m 1.94p 0.8p
But for the announcements on 15.2.02 at 20p offered for the company the share price would be 30p or more.
Last year when results were announced on 3.7.01 profits 3.57m share price went up 2.25p on the day and were cheap then .
Now I dont know but what are the other directors there for?
Sad very sad.
Range Cooker share price data is direct from the London Stock Exchange

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