Concateno Share Discussion Threads

[edwards45] 05/7/2005 15:24

The company now has a webpage
Added link to top of page
Watchin & Waitin;-)...

[edwards45] 22/5/2005 20:58

darya
no news/views to add of late, but a deal will be done within the next ten months!
management good and have proven to significantly enhance shareholders value before..if you're willing to wait up to ten months you should see a good return (especially at these current levels!)

good luck
ed45

[darya] 18/5/2005 15:04

Does anyone have any recent news/views on this company?

[edwards45] 10/4/2005 10:06

Thanks for that vatattack,....these guys don't waste much time!!
nedal - too right, long term a definate no-brainer ;-)
good luck
ed45

[vatattack] 10/4/2005 08:33

From Sunday Telegraph

Concateno considers £460m bid for East Surrey Holdings
By Andrew Murray-Watson (Filed: 10/04/2005)


Concateno, the cash shell, is considering a £460m counter-bid for East Surrey Holdings, the gas and water group which last week accepted a takeover offer from Terra Firma, the investment firm run by Guy Hands.

Advisers for Concateno, which was set up to consolidate the UK water sector, are due to meet with Pat Barrett, the chairman of East Surrey, early this week.

Concateno, which listed on the Alternative Investment Market just last Thursday, is only interested in East Surrey's water business, Sutton East Surrey Water, which is valued at about £140m. Terra Firma just wants to retain East Surrey's £300m gas distribution division in Northern Ireland.

It is understood that Concateno does not want a bidding war with Terra Firma and would prefer to do a deal with Hands to carve up East Surrey for their mutual benefit. However, it is prepared to make an offer for the entire group if an agreement with Hands' company is not possible.

Terra Firma has gained the backing of East Surrey's management to float off the water business immediately after the takeover is finalised. But Concateno, led by veteran water industry executive Keith Tozzi, hopes that a reversal of Sutton East Surrey Water into its listed cash shell would be just as attractive.

Kellen Acquisitions, newly formed by Terra Firma, has agreed to pay East Surrey shareholders 525p a share in cash, and an interim dividend of 10p per share, worth £453m. This represents a 13 per cent premium on East Surrey's share price on April 6, the last day before details of the approach were made public.

Concateno's consolidation strategy focuses on the south east of England where a clutch of smaller companies is up for grabs. However, Ofwat has stated its opposition to a reduction in the number of water companies.

[nedal] 09/4/2005 23:15

Brought in on friday
dont think it will be too long before we see some action. with consolidation in the sector and a managment who know how to do business.
looks like a no brainer.
nedal

[macansy77] 09/4/2005 18:40

ed45 - don't think we'll have to wait that long!

[edwards45] 09/4/2005 18:17

macansy
agreed
but a little speculation is nice to see;-)
with Williams & Tozzi's track record I'm more than willing to wait 12+ months
for a safe return..

[macansy77] 09/4/2005 13:54

ed45 - i've been informed that the East Surrey bid may have come too early for Concateno but i still think the next few weeks are going to be a lot of fun for COT holders...

[edwards45] 09/4/2005 12:33

this is money
07/04/05
THE utilities sector received a shot in the arm today from news of a bid approach for East Surrey Water from an unnamed source. Its shares rose 48p to 523p.

If the deal goes ahead, investors will receive an offer worth 535p a share, including 10p of dividend, which will value the group at £450m. East Surrey is one of the smaller water companies but City speculators say this could signal a series of bids in the sector.

Bristol Water is seen as vulnerable. Its shares jumped 32½p to 672½p while Dee Valley rose 20p to 872½p and Northumbrian Water put on 5¼p to 186¾p. Northumbrian has been tipped to merge with Kelda, the old Yorkshire Water, down 2p at 615½p.

The news from East Surrey coincided with the flotation on Aim of Concateno, a shell company out of the Marwyn stable headed by ex-Mid Kent Water boss Keith Tozzi that promises to target UK water companies. They started life at 115p and raced up to 165p before settling at 142½p.

[macansy77] 07/4/2005 13:25

ed45 - likewise :-)

[edwards45] 07/4/2005 12:49

Definately one to be in SOONER rather than later macansy77. Agree especially before any news/mentions. 96% already taken so not many left!
GOOD LUCK
ed45

[macansy77] 07/4/2005 12:36

impressive list of shareholders - and almost no free float! Got 5000 at £1 in the placing and picked up another 2500 this morning at £1.40. This one could really go ballistic on news...

[edwards45] 07/4/2005 12:06

Click on image for Concateno web-site.


Concateno Plc was admitted to AIM on 7th April 2005 established to acquire and manage companies and businesses in the UK, and international water markets. The company?s initial objective is to acquire an attractive, profitable business in the water sector and then use this as a platform to increase shareholder value by acquiring and consolidating further businesses.

Directors:- DAVID WILLIAMS, KEITH TOZZI, MICHAEL PAVIA
(director info) http://003ac48.netsolhost.com/team.htlm


'The directors have set a target of implementing an initial acquisition within 12 months of admission to AIM, followed by further acquisitions over an 18 month period.'

'The directors expect the likely scale of Concateno's initial acquisitions to be in the range of up to ?600m in the UK water sector and between ?100m and ?300m in the international water sector. It is anticipated that larger opportunities will also be investigated.'

A cash-shell with solid, proven management & only 5,000,000 shares currently in issue with at least 96% held with 'person/s interested in 3%+ etc. (more details in link below)


USEFUL INFO:-)


(pre-float info)
(RNS/PRESS)