|Future Internet Technologies
||EPS - Basic
||Market Cap (m)
Real-Time news about Future Internet (London Stock Exchange): 0 recent articles
|km11: Thanks for the reply but what caused the share collape?
I understand the consolidation, but based on the share price of mid last year, it should have traded at around £2-ish post consolidation.|
|plainz: BT sells dotcom bubble brand Scoot
BY DOMINIC WHITE
1 December 2005
The Daily Telegraph
(c) 2005 Telegraph Group Limited, London
SCOOT, the online business directory whose purple-headed logo came to symbolise the dotcom bubble, has been quietly offloaded by BT to privately owned Enable Media in a deal rumoured to be worth around pounds 10m.
Enable, which will relaunch the scoot.co.uk website today, has acquired its customer base of 2,500 local advertisers and a 20-year-plus licence to operate the brand.
Enable Media plans to combine some of Scoot's operations with its existing online business directory, Ask Alix, which it acquired last year.
Tim Kirkman, Enable's joint managing director, said: ''Scoot has a wonderfully iconic logo and I'd be crazy not to keep it. We have seen a huge demand for local search and Scoot has 40pc prompted recognition.''
Mr Kirkman said the re-launch is the first stage of a "comprehensive plan to reinvigorate and rejuvenate the Scoot brand''.
Scoot was formerly run by the colourful entrepreneur Robert Bonnier, and briefly commanded a pounds 2billion market value in early 2000 before the share price collapsed. BT came to Scoot's rescue in 2002 when the then BT Retail chief executive Pierre Danon led its acquisition for pounds 8m.
However, the former phone monopoly appears to have done little with the asset, and Mr Danon departed BT last year.|
|plainz: second from last contact on this rns. Send him an email.
I haven't shorted as seems to good to be true but can't see the catch. 8-9 times overvalued!!!!
Stmnt re Share Price Movement
Future Internet Technologies PLC
09 December 2005
9 December 2005
Future Internet Technologies Plc
The Board of Future Internet Technologies Plc ("the Company") has noted the
recent movement in the company's share price. The Board has been in contact
with a number of acquisition opportunities. The Board has not yet reached a
stage where it would initiate due diligence and has not reached even outline
terms for a transaction.
For further information please contact:
Richard Armstrong, Future Internet Technologies Tel: 020 7448 4726
Richard Oldworth, Richard Darby - Buchanan Communications Tel: 020 7466 5100
Stephen Goschalk, Insinger de Beaufort Tel: 020 7190 7000
- ends -|
|plainz: Future Internet Technology plc -
-Planning 'substantial fundraising to invest in something to do with Voip
-On the same day Credit Agricole said it had dumped a large number of shares.
The number of shares quoted by ADVFN seems wrong, actually about 180 million so share price £80 million. This is confirmed ADVFN have it wrong as per email below.
From: Richard Darby Mailed-By: buchanan.uk.com
Reply-To: [email protected].com
The market capitalisation of Future Internet is approximately £70 million with 176m shares in issue. There is no web site currently but will pass on your request for information to the company.
Cantor Fitzgerald Europe 6,280,000 3.57% 11 Jan 2006 (unknown why)
Credit Agricole S.A. 41,495,000 23.57% 11 Jan 2006 (unknown why) (SOLD ABOUT 5 MILLION)
Mr Bonnier - 14% stake (bought at 5p)
Cantor Fitzgerald Europe 9,580,000 5.44% 21 Dec 2005 (Spreadbetting CFDs)
RBS as Trustee of 33KWS UK Specialist Fund 6,982,813 3.96% 16 Jan 2006 (currently disposing of holdings)
CURRENTLY NOT SUSPENDED
YOUR DETAILS ARE:|
|seangwhite: Interesting share price reaction to yesterdays RNS I would have thought it would have gone down not up.Reminds me a bit of FEI with its rise and subsequent fall.|
|dilcraper: BOB MORTON has 29.9% of Harrier plc(HRR).
Reverse takeover due soon.
Clearly a man to follow according to the article below.
Following the Clever Money
Aug 15, 2005
by Dominic Connolly
View the browser-friendly version of this Article
Some of the best investing and trading results I have had in recent years have been from riding on the coat tails of investors far brighter than myself, investors who have done far more research on a company than I will ever be inclined to do myself.
It can be a tedious process following all the dealings that get reported through the RNS announcements, but I try to maintain a list of major stakes and holdings in nearly three hundred UK companies. This allows me to keep track of who is increasing or decreasing their stakes in certain key companies. (see this sample)
Companies Act disclosure requirements allow private investors to keep track of the activities of shrewd investors who have a proven track record of successful investing. Websites, such as Citywire, also dig around below the surface by accessing shareholder registers, to discover early stake building below the reportable 3% level. Proven successful investors often have a wealth of experience, and are much better placed to make successful investment decisions in less-researched smaller companies than private investors will ever be.
A couple of things are worth noting:
Small investors who follow bigger stake builders have an advantage in that they can nimbly move in and out of positions quickly. A large shareholding, however, can be hard to both establish and later exit, and so dictates a degree of commitment. Smaller investors can follow but enter and exit at will.
Because takeover rules limit stakes to 29.9% without making a mandatory takeover offer, some share price weakness can ensue after the stake builder increases their stake rapidly to that level, and then stops without bidding. Stake building in a company that starts to approach 29.9% can be both bullish and bearish for the share price in the short-term.
Listed below are some of the shrewd investors and shareholder activists who invariably seem to spot value in companies at an early stage, and whose lead it can be profitable to follow.
Jack Petchey (Trefick)
Property entrepreneur, Jack Petchey, acquires stakes in listed real estate companies trading at significant discounts to NAV through his Isle of Man investment vehicle, Trefick. He also has considerable experience in the motor distributor sector, and has had a great deal of success investing in the sector. He takes large stakes in companies, and puts pressure on management to restructure in order to maximise shareholder value.
Time and again companies that Petchey invests in become takeover targets shortly afterwards. The most recent example being property company, Estates & General, which was bid for by Winten, shortly after Petchey accumulated a 29% holding.
A common strategy he uses is to launch tender offers for his target, which can be a good barometer for gauging how loose or 'sticky' shareholders are, as well as demonstrating how undervalued the company is.
Saville Gordon eventually agreed to buy Trefick's 29% stake in December 2000, to get him off the shareholder register (in what was, effectively, greenmail), and was eventually taken off the market in an MBO in May 2002. Petchey is a classic facilitator.
Swedish activist investor, Peter Gyllenhammar, specialises in companies trading at substantial discounts to net asset value or in need of restructuring, often through his investment vehicles, Erudite, Förvaltnings AB and Silverslaggen. He often seeks board representation and works closely with management. Gyllenhammar has a background as an analyst and corporate finance advisor to several major Swedish corporations. He has interests in a number of UK public companies, and is chairman of British Mohair Holdings, and a director of Browallia International. Current significant holdings include Densitron Technologies, European Colour, The Jarvis Porter Group, Lonrho Africa and The Sherwood Group.
Arthur Leonard 'Bob' Morton is well known as a serial and entrepreneurial West Midlands investor, who often utilises his investment vehicle, Southwind, to make strategic investments. He returned several times his investment when he took a 15% stake in Tenon, the accountancy and professional services firm in February 2003. He is believed to be worth more than £100m, has investments in over twenty quoted companies and is chairman of numerous companies, including Armour Group, HARRIER GROUP and Systems Union.|
|bmw30csl: The Eagle has flown and the share price landed.
Where to now folks we are still just an 'empty' cash shell.|
Future Internet share price data is direct from the London Stock Exchange