Fdm Share Discussion Threads

[paddyfool] 08/6/2009 15:35

The truth is that the company is the people doing the MBO. They are clearly disgruntled. If they were not they would not be doing this. They clearly have arranged the funds to take out at £1.20 and perhaps a little more. The company would need a trade buyer to pay more. In the current climate there are very few companies which could buy this company for cash even at £1.20. Those that could would be larger SI type players and it is hard to see that they will see value in this organisation. I'll have a £5 with you to the charity of your choice that this buyouy will be by this management with this VC at this price.

[shanklin] 08/6/2009 10:57

LOL AXA now over 11%

Don't think they did this so as to sell at £1.20

Cheers, Martin

[greek islander] 07/6/2009 16:35

What happened to Wiganer? Did he go the same way as Steve Bruce?

[santa14] 06/6/2009 12:39

is she fat? i.e. > size 8-10

[davidosh] 06/6/2009 12:37

Paddyfool.....That only makes sense if the company is totally dependent on just two or three people. There is no suggestion here that they would walk nor the view that if they want to do an MBO then a fair price cannot be agreed.

The problem is that £1.20 is simply not a fair price.

[paddyfool] 06/6/2009 10:47

This company is the management and its the management putting the MBO together. If this fails then the risk is the management will be disaffected and that would be disasterous. This is a slam dunk there will be no counter bid due to the fact that they would have to give too much to retain the management team.

[rbcrbc] 05/6/2009 15:24

Yes but if the management fail in their bid we might see some problems with disgruntled employees. This news is very destabalising for everyone and davidosh we cant turn the clock back.

I cant see employees being affected either way - they will get the same managers whatever happens.

I assume that any option schemes they have (and I dont know if they have any) will be well compensated.

[greek islander] 05/6/2009 15:02

Yes but if the management fail in their bid we might see some problems with disgruntled employees. This news is very destabalising for everyone and davidosh we cant turn the clock back.
Maybe the best thing is now that someone comes in with a bid for good value ie in excess of 200p. I would be contented with that.

[davidosh] 05/6/2009 12:54

How does it fit with Volvere ??

The company is perfectly fine carrying on doing exactly what it has been and delivering for ALL shareholders. The directors are playing a very low profile and hiding under their desks when I telephone !

[davidosh] 05/6/2009 12:51

If it were to fail surely the price would fall down below the current level and back towards the price from where it came. No chance of a counter bid unless this was done to attract one but I doubt that.

[greek islander] 05/6/2009 12:50

I guess and this is only an instinct born out of experience, the bid may well come in at 150p now to allay some of the criticism. Whether that is enough is doubtful.
I would have thought that someone like Volvere might be interested, as this would be a good fit and looks like being a really cheap acquisition at anything under £2

[stegrego] 05/6/2009 12:43

looks like market thinks that 120p will fail, otherwise why are people paying more than that for shares just now?

[greek islander] 05/6/2009 12:23

Looks like shares beginning to move around a bit - see todays announcement.
I wonder if the new potential bidders will be going into the market to buy stock and enhance their holdings, strengthening their hand.

I am not sure what that would mean if they pushed the share price up to a figure in excess of the so-called bid price? Say the share price in the market was 130p, how would that impact on their bid?
My reading of the situation is that a bid would be expected to be at a level 50% at least ahead of the sp?

Comments please.

[paulypilot] 05/6/2009 00:56

Hi,

Well said Tom, he is abrasive, but he is more often right than wrong.
I've emailed Tom tonight with my thoughts.

Regards,
Paul.

[greek islander] 04/6/2009 18:09

Paul

Brillianr and thanks.
I am her to offer support - just hope other shareholders follow suit.
Any info re the reaction on TMF and iii?
Paul you should also post this over there.

[davidosh] 04/6/2009 16:32

Paul....classic stuff

Just outside now getting my Sandwich board painted and ready !

FDM Group is now Fleece Dopey Minority shareholders Group


Sadly we are far too sharp though !.

[greek islander] 04/6/2009 13:06

Let us hope they don't even ask shareholders to approve but if they do, maybe we can orchestrate some opposition.

[shanklin] 04/6/2009 11:42

Well I'd certainly be interested in what AXA with its holding of 10.2% in FDMG, make of this. Beyond that the CE and somebody with the same surname has 17.6%, a B. Divett (anybody know who this is) has 10.1% and the only holders are described as nominees, albeit one might ask for whom? Specifically State Stree Nominees with 8.3% and Giltspur Nominees with 8.1%.

[paulypilot] 04/6/2009 10:37

Hi,

Well I've been buying in recent weeks, and am appalled by the ludicrously low, opportunistic Bid at 120p which is being mooted.

I've already emailed the company to say that it's totally unacceptable & that they may face a Shareholder revolt if they try to pursue this idea. I've already agreed with another shareholder that, in principle, I'm happy to set up a SHAG website, like the 5 other ones I did in 2001-2002 (Expocentric, Actinic, Teamtalk Media, Protagona, and PPL Therapeutics, all of which were successful).

This company is worth 200p a share - i.e. 42p/share for the net cash, plus 10 times forecast earnings of around 16p.

Management of good companies have to realise that it's not an option to "steal" the company from shareholders at the low point in the cycle. We must fight these things!

Regards,
Paul.