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Arc Share Discussion Threads
Showing 1851 to 1873 of 1875 messages
I share your views entirely.
You might find it interesting to look at the buyer : Virage Logic (VIRL).
As well as buying ARK they have done a deal with Phillips which should increase their business considerably.
I bought a few VIRL at about $5.90 and believe that I have lost about 15% so far !|
|Man alive - was just passing and thought i would check this out.
Bought for 16p?
That is an utter disgrace. What a complete waste of time and shareholders funds.|
|Tendered mine in the end. Noticed the board said it was a fair offer so wont get much better. GL all|
|11-Sept 2009, it is last day for this company. off price 16.25p cash.
waitng 2 days, what's will happend?..|
I shall accept the offer but not for a few days yet|
|any news for this bid ?
( how many days need for bider last day?) thanks.|
|Are you tenderring yours then varies? Disappointed with the poor offer but may be best to get the cash quicker to move into stuff with better prospects|
Good luck to you.
16.25p is a mangy price but probably all that we shall get. Let us hope someone else comes forward by Sept 11.|
|Got the corp action today below my buy price so will reject|
|This idea of irrevocable undertakings is very misleading and I got it wrong. I just read the summary and presumed irrevocable meant irrevocable. But if you read Appendix C it can be revoked if there is a 10% higher offer.
Is it deliberately misleading to shareholders or is it just the way it is done? Normally I would have expected to see this when I read the summary because it is one of the most important issues for shareholders as to what to do with their shares.
Let's hope for a higher offer.|
|The Offer Document provides no justification for the modest price recommended beyond "value and certainty" but we shall obviously have to be content with 16.25p unless a better offer arrives.
The Irrevocable Undertakings by Gartmore and others are revocable in the event of a third party making an offer 10% better (standard form, I suppose); so we can continue to hope for a little time yet.
An interesting circumstance here is that Gartmore had a CfD for over 8 million shares (5.2% of the capital) in addition to its registered holding of nearly 27 million.|
|newspaper say: ARM maybe will pay 20-25 p for this company ?
hold waiting for..|
|I wouldn't have thought that to bad had I still been holding shares in large quantity as I was till just befor this took off, I sold most at about 11.25p or there abouts, but I would still have been a loser as my average was 25.25p. In all I like you would have just had to like it as there is sod all one can do about it, but after years and seeing it gradually seeming to come together the deal isn't good imo for the long termers.|
|Whilst this offer looks distinctly mean, I can only suppose it represents a reasonable value for ARK as Gartmore and other institutions are content with it. They must know the position better than we do.
As gclark says, we have no choice.|
|what I am staggered about is that the Directors together owned less shares in the company than I do! As I read it, they only owned 20,000 shares between them.
In the light of this, you start wondering how their interests are related to those of shareholders, and whether they are more concerned about maintaining their employment, AIMHO of course!
It's unhealthy to have companies where Directors have such low shareholdings.
But the offer is what we have to take - they already have 50% plus so that's it!|
06/08/2009 Oliver Haill
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Stubbornly loss-making since its 2001 flotation, microchip developer ARC is breaking even under new CEO Geoff Bristow and is currently in takeover talks.
Over the past three years, ARC's losses have widened from £2.7m to £8.4m in 2008, while the company lost £4.3m, before restructuring costs, in the six months to June 2009, on revenues down 22% to £7.3m. In June, Bristow kick-started the £2.8m restructuring plan that he expects will save the company £6m a year, including £3m in the current half-year.
The company is currently in a 'close period', with bid talks having been flagged up on 29 July, so Bristow is unable at the moment to speak about ARC's financial performance. However, it is worth noting that the board revealed back in June that the second half was expected to deliver 'positive cash flow' and 'at least break-even', before one-off costs and discontinued operations.
Although the bid may make peering too far forward futile, ARC generally looks three years in advance for products containing its technology to emerge, but Bristow says its unique 'Sound to Silicon' solution where all the audio functions for an application are assembled in a single unit for an OEM to plug straight in has already launched to customers and is popular enough to drive medium-term growth. Furthermore, ARC's strong ties with memory card leader Sandisk will soon drive the launch of a similar 'Storage to Silicon' product.
In the long term, Bristow sees 'company-making potential' if recently acquired Sonic Focus technology could become 'the standard for voice clarity on mobile phones', as a recent deal with a cordless phone specialist suggests. With £9.1m cash (6p a share) and break-even emerging, ARC is on a more solid footing, but the shares, up from an all-time low of 9p in March, remain highly speculative fare.|
|Speculative Buy on Growth Company Investor
How right you are. Looking at the titles on other threads shown above " ARM bid imminent" and "Cash burn slashed" (both ended in 2004) reminds me of how long we have been waiting for ARK to achieve anything for its shareholders.
What I do find re-assuring is the general lack of interest on the part of the punting public as evidenced by the small number posting here.
If the talks come to nothing, we should at least be spared the usual flood of forced sales.|
We could have been having the same conversation 5 years ago.
The amount they cost cut - you have to wonder who is left that they are paying???|
I agree with almost every word you say but big changes have been made and more are imminent and I now regard success for ARK as a stand alone as just conceivable.
Let us put its chances no stronger than that and hope to bid this company goodb'ye soon on favourable terms.|
|The only value here is to buy the turnover and tech and strip out the overheads by merging with an existing player.
As a stand alone - the ability of this to never progress is stunning.|
|I find these results quite re-assuring and have bought a few more shares. They are certainly easier to buy today than yesterday or on Friday and, I suspect, will fall further before they rise again. The market appears to side with Hugepants for the moment.
The results are out earlier than we might have expected, brought forward presumably because there may be a bid, and suggest to me that ARK could survive on its own and even make a profit in 2 years time.
I am resigned to a fall back to 11p if there is no bid but see the risk/reward ratio as better after these results than before.
Buying now is much like putting one's money on a horse !|
|Hugepants, any bidder will have had access to books before bidding and they will have known these figures already and thats why they will be able to get Ark in 20s rather than 40s, still 50% upside here.|