Culver Share Discussion Threads

[phil m. boots] 21/9/2000 11:00

It may have something to do with 1,300,000 new Ordinary Shares having been made available, see news article below.

RNS Number:1232R
Culver Holdings PLC
18 September 2000


Culver Holdings plc ('the Company')

At an Extraordinary General Meeting of the Company held today, the resolutions
approving the demerger of the Company's travel interests to World Travel
Holdings plc, the acquisition of Aerotech Systems, Inc. and amendments to the
Company's Approved Employee Share Option Scheme were duly approved.

The acquisition of Aerotech Systems, Inc. was completed in accordance with its
terms and 1,300,000 new Ordinary Shares of 25p each in the Company ('Ordinary
Shares') were allotted as consideration in accordance with the terms of the
acquisition agreement.

Pursuant to the exercise of options granted under the Company's Unapproved
Share Option Scheme as announced on 25 May 2000, the Company has today
allotted 675,585 new Ordinary Shares to optionholders. The Company has been
notified by Mr A J Biles and Mr G D Asprou that, following the exercise of
options over 256,667 and 55,000 Ordinary Shares respectively and sales today
of, respectively, 53,231 and 10,000 Ordinary Shares at 350p per share, Mr
Biles and Mr Asprou are interested in 456,553 and 45,000 Ordinary Shares
respectively, representing4.3 per cent. and 0.4 per cent. respectively of the
Company's issued share capital.

Application has been made to the United Kingdom Listing Authority for the new
Ordinary Shares to be allotted as consideration for the acquisition of
Aerotech Systems, Inc. and on the exercise of options to be admitted to the
Official List and to the London Stock Exchange for those shares to be admitted
to trading. It is anticipated that such listing will become effective on 19
September 2000. All of the new Ordinary Shares referred to above will rank
pari passu in all respects with the Company's issued Ordinary Shares.

It is anticipated that the demerger of the Company's travel interests will
become effective on 20 September 2000.

[thoroughbred] 21/9/2000 10:16

Its either bounced because of yesterday's massive fall or it has been tipped on Show Me The Money!

[tony14] 21/9/2000 10:12

What is happenning at Culver? Up almost 80% on relatively small volumes, anyone care to comment? Normal market size is 1000. I spoke to my broker this morning and he was quoting 72p to buy, now an hour and half later he has quoted 110p to buy !

[m.t.glass] 20/9/2000 17:32

(message deleted later)

[richard green] 14/9/2000 21:06

I held these , and had difficulty getting rid of just above market share.More than once.

I also thought they were undervalued but recent muted float price has already been lowered. This does not inspire confidence in my view.
I would be interesed if you could re explain your valuations

[matthewa] 14/9/2000 20:17

Price Unchangerd at 352.5p today. Providing market codnitions are
favourable over the next few days (split taking place on 20th) is this
not an undervalued situatuion. 3 WTH @ 110p =330p + warrants @ ??? &
residual in Culver estimated @ 180p-260p. Yes I know the WTH holding
could slip on its IPO price but it is fully underwritten by Credit
Lyonnais and there have been good uplift on IPo's recently.
-I do own shres in this company - DYOR buying etc.

[e-venturer] 20/7/2000 22:18

Bought yesterday as the chart looked like breaking out. Could miss another one after missing Cedar last week.

[mpilot] 20/7/2000 22:08

With the forthcoming float of worldtravel.com this company was due for a good re-rating, even on the most pessimistic forecasts for the float.

I've been in for a while now, and looking forward to seeing this come good.

Anyone else involved??