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SKW Skiddaw

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Skiddaw LSE:SKW London Ordinary Share KYG8184J1022 ORD SHS USD0.01
  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
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

Skiddaw (SKW) Latest News

Real-Time news about Skiddaw (London Stock Exchange): 0 recent articles

Skiddaw (SKW) Discussions and Chat

Skiddaw Forums and Chat

Date Time Title Posts
07/7/200410:10Skiddaw Capital-tipped in the Telegraph63

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Skiddaw (SKW) Top Chat Posts

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Posted at 29/6/2004 20:21 by jozz
Fitehills

Well met Sir.

I dont have any knowledge that you dont have..... I just thought we wouldnt see a run up till we got clarification on how much the Novus Assets are worth to Crosby. I thought we would have to wait a couple of weeks at least.

The Oil deal was exceptionally good for SKW.

Actually I dont know when the name will change.... I will find out.

Jozz ;-)
Posted at 29/6/2004 18:14 by fitehills
Hi jozz

Just back from a holiday so out of touch,excuse the lack of research but how soon is soon or do you know? I have no problems with the share and expect it to run north on an announcment.It seems to me that the oil deal was very good for SKW.As an aside
do you know when the name will change
Posted at 29/6/2004 10:03 by jozz
The Medco / Novus deal is going through as they have over 90% acceptance this means that Crosby / Skiddaw will get their Assets now. I am told that these are a lot more valuable to the company than the market is expecting and that because of an arbitrage in the Crosby funding they have picked these assets up virtually for free.

It may well take up to a month before we get full reportage on this but when we do it will give a significant kick to the price.

Also I hear a Durlacher note may be in the offing.

Certainly a hold and probably a speculative Buy (That is mine not Durlachers)

Luck to the Brave

Jozz ;-)
Posted at 24/6/2004 14:40 by v0d00child
Techpacific Capital Limited
(Incorporated in the Cayman Islands with limited
liability)
(Stock Code: 8088)
ANNOUNCEMENT
The Directors have noted the increase in the price
of the shares of the Company on 16 June 2004 and
wish to state that they are not aware of any reason
for such increase save that the Company's 85.11%
subsidiary, Skiddaw Capital Inc., a company
admitted to the Alternative Investment Market of
the London Stock Exchange, made an announcement on
16 June 2004 relating to arrangements concerning
oil and gas assets owned by Novus Petroleum Limited,
a company listed on the Australian Stock Exchange.
Trading in the shares of the Company on the Stock
Exchange was suspended at the request of the Company
with effect from 9:30 a.m. on 17 June 2004 pending
the release of this announcement. The Company has
applied for a resumption of trading in its share,
with effect from 9:30 a.m. on 24 June 2004.
Source: Stock Exchange of Hong Kong
Posted at 16/6/2004 16:48 by fitehills
AH well Jozz everything comes to him who waits! Try as I might I couldn't get info but who cares now.Think that this deal will really project the company.Looking forward to tomorrow's comment in the press and a big rise in our share price.What comments have you please?
Posted at 04/6/2004 21:49 by bittorrent
Although ADVFN will display a quote for SKW, it hasn't appeared in the top risers list tonight, so most punters will be ignorant of it.
P.S. Thanks for the research Jozz, nice to know some peeps are prepared to do the hard work and share it with others.
Posted at 24/5/2004 15:42 by jozz
Shuffle Man

Have a good nosey round this site......



It will fill you in on all the details you need.

The offer is currently @ A$1.85 per share which amounts to about A$340 million or approx £133 Million sterling equivalent.

It would appear that the finance will come in part from Crosby's Asset Management side and from Crosby's Investment Banking side.

The latest is that Medco have upped their bid to A$1.90.

The Sunov bid remains the one that the Novus board have advised their shareholders to accept.

The Medco bid has many additional conditions attached and one of these is that the bid is subject to them being able to raise the finance (ie they havent yet got a guarantee of funding).

Sunov has also objected to the Australian Stock Exchange as the increased Medco offer was made beyond the original deadline for acceptance of the first Medco offer.

Have a nosey anyway.

Luck

Jozz ;-)
Posted at 21/5/2004 13:41 by jozz
Oz deal deadline extended 2 weeks to 8th June. This is because some shareholders had already accepted the Medico offer so they need to reject it and now accept the Sunov offer (Crosby/Skiddaw)

The market has missed this because the bid is going through Sunov a subsidiary of Crosby. The market is still watching Skiddaw. Independant report has valued Novus at $1.96 - $2.75 a share. Sunov is bidding $1.85 and this has been recommended by the directors of Novus.

Follow the link below and trawl around a bit and all will become clear.

I have 100K shares in SKW and can see zero downside from here.

Once the Novus deal is booked I think we have a potential 100%+ profit on the cards so I am staying in.

Luck to the Brave

Novus link....
Posted at 18/5/2004 10:50 by jozz
Skiddaw Capital Inc. (Company)
Acquisition of Crosby Capital Partners (Holdings) Limited, placing of 10,000,000
ordinary shares at 12p per share, result of extraordinary general meeting and
application for admission and re-admission to AIM

Embargoed until 8.00am Tuesday 18 May 2004

The board of the Company announces that all of the resolutions set out in the
notice of extraordinary general meeting dated 29 April 2004 (EGM) were passed
yesterday.

Consequently, pursuant to the conditional agreement dated 29 April 2004 between
the Company and Techpacific Capital Limited (Techpacific), the Company has
completed the acquisition of the entire issued share capital of Crosby Capital
Partners (Holdings) Limited in consideration of the allotment and issue to
Techpacific of 200,000,000 ordinary shares of US$0.01 each in the Company
(Acquisition).

The Company also announces that it has raised #800,000 before expenses by way of
a placing of 6,666,667 ordinary shares of US$0.01 each in the Company at 12p per
share (Placing). In addition to the Placing, the Company has allotted and issued
3,333,333 Placing Shares to Silk Route Investments Limited at 12p per share, in
capitalisation of the sum of #400,000 owed by the Company as a result of
completion of the Acquisition (Capitalisation).

The newly issued shares of the Company pursuant to the Acquisition, Placing and
Capitalisation have been admitted to trading on AIM with immediate effect.

As a result of the above issues, Techpacific now holds 85.11 per cent. of the
issued share capital of the Company.




All is as expected.... means over 90% of this stock is now LOCKED IN

Roll on the next Acquisition.

Luck

Jozz ;-)
Posted at 26/3/2004 17:03 by wole
RNS Number:0059X
Skiddaw Capital Inc
26 March 2004


ANNOUNCEMENT
SKIDDAW CAPITAL INC

Further to the suspension of trading in its securities on 24 March 2004, Skiddaw
Capital Inc(Skiddaw) announces that it has entered into a conditional
memorandum of understanding to acquire Crosby Capital Partners (Holdings)
Limited (Transaction). The proposed Transaction would be a reverse takeover for
Skiddaw under the AIM rules.

Crosby Capital Partners (Holdings) Limited (Crosby) is engaged in cross border
investment banking and asset management, and trades principally out of Hong
Kong. Crosby is a wholly owned subsidiary of Techpacific Capital Limited
(Techpacific), a company listed on the Growth Enterprise Market of the Stock
Exchange of Hong Kong Limited (GEM). As required by the GEM Listing Rules,
Techpacific has announced the Transaction. Accordingly Skiddaw is making this
announcement even though the Transaction wouldnot normally be announceable
under the AIM rules at this early stage because of the nature of the conditions
attaching to the Transaction, such as the parties being satisfied with due
diligence and agreeing the terms of a sale and purchase agreement.The
Transaction will be subject to the prior approval of the shareholders of both
Skiddaw and Techpacific.

The Transaction

Skiddaw and Techpacific have entered into a conditional memorandum of
understanding pursuant to which:

*Skiddaw will acquire Crosby in consideration of the issue to Techpacific
of 200,000,000 new ordinary shares of one cent each in Skiddaw, which would
give Techpacific an 88.89 per cent. shareholding in Skiddaw after the
acquisition but before the placing referred to below. At the placing price
of 12p the price to be paid for Crosby is #24,000,000;

*Skiddaw will, at the same time, seek to raise between #600,000 and
#1,200,000 by way of a placing at 12p per share (Placing). Skiddaw already
has commitments from shareholders to purchase #600,000 worth of new shares
in the Placing;

*Techpacific will, depending on the size of the Placing, own between 85.11
per cent. and 86.96 per cent. of Skiddaw's enlarged issuedshare capital
following the Placing;

*Skiddaw will seek shareholder approval to change its name to Crosby
Capital Partners, Inc.

The Transaction is consistent with Skiddaw's stated investment strategy.

Conditions precedent

It isemphasised that the Transaction is conditional upon various conditions
precedent being met and that the Transaction therefore may or may not proceed.
Completion of the Transaction is conditional upon the following conditions,
among others:

1.Techpacific demonstrating that, as at 17 March 2004, Crosby (and its
group) had a minimum of US$5,000,000 (five million dollars) of cash or cash
equivalents, net of any liability to Techpacific or any other creditor under
Techpacific's ownership orcontrol.

2. Skiddaw demonstrating that, as at the latest practicable date prior to
the completion of the Transaction but before the completion of the Placing,
Skiddaw has a minimum of US$1,500,000 (one million five hundred thousand
dollars)of cash or cash equivalents, net of any liability to any creditor.

3. There having been, immediately prior to completion of the Transaction,
no material adverse change in the financial position of Crosby.

4. The obtaining of all such regulatory and other approvals or consents as
may be necessary to complete the Transaction, including but not limited to that
of GEM and AIM, including approval of the Transaction by the shareholders of
Skiddaw and Techpacific and re-admission of the enlarged share capital of
Skiddaw to AIM.

5. Each party conducting, and being satisfied with, its due diligence
enquiries in respect of the other party.

6. No breach by either party of its obligations in respect of certain
prohibited activities prior to completion of the Transaction, as set out in an
attachment to the memorandum of understanding.

7. The signing of a mutually satisfactory sale and purchase agreement
containing, among other things, such provisions, covenants,warranties and
indemnities as are appropriate to the Transaction.

Information on Crosby

Crosby has three broad areas of activity:

* an investment banking operation that includes:
o a China and Greater China focused corporatefinance business
that concentrates primarily on the mid-cap area of the private
sector in China;

o a cross border corporate finance team that provides mergers and
acquisitions and fund raising services for corporations in Asia
(excluding China); and

o a business in which Crosby makes investments using its own
capital or interests acquired in the form of in-kind success-based
commissions.

*a small international distribution team operating from London and Hong
Kong marketing placements to Middle Eastern, Asian and European markets; and

*an asset management operation with assets under management of US$360
million.

Timetable

Skiddaw is conducting its legal and accounting due diligence and, if satisfied
with that process, intends to finalise a sale and purchase agreement and
dispatch a circular to shareholders in April 2004 conveningan extraordinary
general meeting to consider and, if thought fit, approve the Transaction.



This information is provided by RNS
The company news service from the London Stock Exchange
Skiddaw share price data is direct from the London Stock Exchange

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