Amey Share Discussion Threads

[protec] 20/1/2003 16:27

Is it just market sentiment for price fall, or is something in the pipeline? sale of Vetra due for completion end of month any other news due?

[crate] 17/1/2003 00:59

Thanks both thedudie and ildamiano for your replys.

Of course, the limit on % holding before making a formal offer was designed to stop what I previously described happening.

I agree with you ildamiano. I suppose the key is to hope no one else sells to force Tito & Soros to have to buy the remaining % to the limit at an increase on the current price and to hope the final 11% is succured at a large premium. Your 40-45p guess seems fair given these circumstances.

[ildamiano] 17/1/2003 00:39

Crate,

I think that when the shareholding reaches a certain percentage - possibly about 20% - they have to make a formal bid for the company. However,if Tito is in league with Meditor, then they could both buy up to 20% of the company and make it easier to takeover the company. It is very clear that this is what will happen - I'm amazed that private investors aren't taking their lead and buying in. Personally I would guess that the takeover price will be 40-45p, leaving the big boys to make a fortune from the break-up.

[thedudie] 17/1/2003 00:37

crate ... worth a read from dec 1st
looks to me that 75p more likely



worth noting tito has bought another 6% since then!

dyor
td

[crate] 17/1/2003 00:32

I have a concern which may or may not be relevent. I would be happy for someone more informed to tell us that it can not be done but;

If Tito & Soros intend to take their combined shareholding over 51% and then launch a bid to fully take over the Company, could they do this at a nominal increase on the current share price, say 35p, and guarentee success.

Once they take over they could sell any assets that were possible and use the proceeds to reduce debt. Leaving just the Tube PPP stake. They could then buy back the rights to this stake, £60m, and sell the PPP stake to another party, assuming the PPP stake is worth far in excess of £60m.

It may leave the rest of the shareholders with not much gain but themselves with any premium.

[crate] 16/1/2003 13:29

Cheers miamisteve, thats the sort of info I was hoping for! Maybe we're back up the dudies value.

[miamisteve] 16/1/2003 13:16

You're allowed 30% before having to make an offer which cannot be less than the highest price paid within a certain time frame. Meditor have paid in excess of 70p for some of their holdings and have not bought for months so the conspiracy seems unlikely.

[karlm] 16/1/2003 11:40

Happening again, little boys out and big boys in.

I think we'll get the bigger picture within the next week or so.

Long

[miamisteve] 16/1/2003 11:23

tito buys again. He must have a buyer lined up.

[miamisteve] 15/1/2003 11:33

response to network rail decision ( see afx 13/1)compounded by weak markets and lack of news on company break up.

[boots] 15/1/2003 10:18

Anyone know why the 1.25 drop? I'm still very new to all this share buisness, but I will not learn if I don't ask.

[thedudie] 13/1/2003 13:15

surprised no comment on the big buys

pfi sell off is supposed to be mid jan with vectra sell off by end of jan

also previous press said activist investors were not going to table their plans until pfi deal has been done ...... that looks like being quite soon!!!

my guess is 75p breakup

dyor

TD

[slapmewithakipper] 09/1/2003 19:23

protec do it !
Tito holds 33,275,000 Million and they know a thing or two .

[thedudie] 09/1/2003 08:41

of interest .....



dyor
td

[thedudie] 09/1/2003 00:53

another two 500k trades gone through ..... mmmmmmm i wonder who picked them up then!

this was from the indie a few weeks back



PFI deal supposed to be middle of jan according to the company statement

dyor
td

[protec] 08/1/2003 13:43

Can anyone see anymore downside am holding from £1.30 but considering averaging down to about .50 any advise welcome.
thanks

[alecjm] 08/1/2003 07:05

RNS Number:8959F
Amey PLC
07 January 2003

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
Amey plc

2. Name of shareholder having a major interest
Sterling Investment Group Limited

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18
Notification in respect of 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
P.H. Nominees Limited - number of shares not stated

N.Y. Nominees Limited - number of shares not stated

5. Number of shares / amount of stock acquired
Not stated

6. Percentage of issued class
N/a

7. Number of shares / amount of stock disposed
Not stated

8. Percentage of issued class
N/a

9. Class of security
Ordinary shares of 1p

10. Date of transaction
Not stated

11. Date company informed
7 January 2003

12. Total holding following this notification
33,275,000

13. Total percentage holding of issued class following this notification
13.17%

14. Any additional information
Dr. Tito Tettamanti of Totara Park House, 34-36 Gray's Inn Road, London WC1X
8NN, is also interested in the shares through his indirect controlling interest
in Sterling Investment Group Limited.

15. Name of contact and telephone number for queries
Carol Hui,

Goup Company Secretary

020 7659 1900

16. Name and signature of authorised company official responsible for making
this notification
Timothy Maw

Company Secretarial Administrator

020 7659 1935

Date of notification
7 January 2003

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.

[thedudie] 07/1/2003 17:40

sterling ups again to 13.17%

Along with meditors (?) 15% the activists together now nearing a total of 30% will soon make their play imo

weekend press said breakup would give anywhere between 40p and 70p my guess is top end --- risk/reward ratio not good enough for these funds otherwise

dyor

td

[alecjm] 07/1/2003 09:14

Just thinking out aloud, but if that 238K was a buy, then it would make more sense why they were taking those sells yesterday, in order to fill it.....

[boots] 07/1/2003 09:12

This thread is very quite. I whish I had something of interest. Sorry

[alecjm] 07/1/2003 09:07

Very quiet on this thread..??

Big trade on Mid price...any thoughts..?

[martini] 06/1/2003 17:45

On the balance of trades we should have seen a pull back as you say - so maybe someone is interested in back ground.

[alecjm] 06/1/2003 16:20

lots of sells appearing, but bid holds , any thoughts..?? Filling a buy..??

[alecjm] 06/1/2003 10:20

just think AMY needs two interested parties.....

[crate] 06/1/2003 10:17

Sunday times reports breakup value of AMY worth 40p-70p a share. A bit of a range but all positive from todays price.