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HOL Hollywood Media

1.375
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hollywood Media LSE:HOL London Ordinary Share GB00B1WN7R92 ORD 0.125P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.375 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Hollywood Media Share Discussion Threads

Showing 2501 to 2523 of 2725 messages
Chat Pages: 109  108  107  106  105  104  103  102  101  100  99  98  Older
DateSubjectAuthorDiscuss
16/6/2003
16:31
sorry for being such a div but what are the units there offering and what do they mean by stapled units can anyone tell me ? i'll give you a bannana
kingkong555
16/6/2003
16:10
Because it stinks and only about 50% of independent shareholders have agreed to it (as of 13 June).
matto
16/6/2003
16:07
Why do you think the deal will not go through matto?
hotfinance14
16/6/2003
16:07
It'l go RIP RIP RIP RIP RIP RIP RIP RRRRRRRRIIIIIIIIIIIIIIIPPPPPPPPPPPPPPP

Got 3 barbies on (cannons coming round to buy company for 130p share)

This ripper 's about to go me hearties oh YYYYYYEEEEEEEEEEEEEESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

nellum
16/6/2003
16:00
Because the deal isn't yet done and it may yet(probably will) fall through, then there is no guarantee that anyone will get 25p per share. What will happen to the share price if the deal doesn't go through goodness only knows.
matto
16/6/2003
15:19
Can anyone explain why HOL is being sold on the open market at less than 25p?
pussywillow
16/6/2003
12:32
Just speculation dear boy...
hotfinance14
15/6/2003
10:06
It's not all over until the fat lady sings.

Could there be a bid from a foreign company ?

hotfinance14
13/6/2003
23:25
esmerelda

Believe me I am not being patronising here but your honesty, decency and obvious belief in fair play brings a wry smile to my face. You appear to have little or no understanding as to the lengths these people would go to for financial gain and to protect their own investments. Venture Capitalists, Investment Banks and Stockbrokers are all part of the same family. THEY ALL WORK TOGETHER!!.

And yes I am suggesting there would have been an unwritten agreement between Holmes Place's financial backers and nominee account stockbrokers to accept the offer of 25p before the documentation was even drawn up. This also includes the ones who claim they default to no action LOL!!. The agreements would have been sealed as crudely as over personal mobile phone calls and a few pints at lunch time (and I pity anyone who believes this sort of thing no longer goes on). If you still think I'm making this all up have a look at the Rule 8 CFD's over the last few months.
No financial institutions have been caught by this one only private shareholders.

You look after yourself now.

mercier et camier
13/6/2003
20:37
Take the cash.

Bad luck about the £1200 loss, but at least you can offset the loss against your other capital gains for tax purposes (which you wouldn't have been able to do had you held your HOL shares in an ISA).

swiftnick
13/6/2003
15:28
Now please advise me.......... a small (fortunately) shareholder - my loss assuming 25 per share is abou £1200 ....... but my dealing is a hobby which I took up when my PEPs and ISAs went sour - this proved to be an expensive one!!!Fortunately one or two others in my portfolio are doing a bit better!

Do I - cash my holding in for 25p each OR opt for this 25% holding option included in the paperwork sent out?

Any advice.......... ???

g.j.a
13/6/2003
12:29
jeez, sad to hear that cliffy...but....i reckon £30000 in CRX might get you half yoru loss back within a month!!!
paulkent
13/6/2003
12:19
Hi y'all,

I've just sold my holding in HOL - 140,678 shares in five consecutive transactions: 10,131; 6,994; 85,000; 25,000 & 13,553.

Money in: £137,675 - money out: £33,704 - for an eye-watering loss of £103,971!

Not the best trade I've ever made!

Still, at least I can try to console myself that most of this capital came from gains made in late 2002 and early 2003, but it's still a nightmare, however I look at it!

Kind regards to all HOL shareholders - I'm off to try another target.

All the best,

CB

cliffyburger
13/6/2003
10:00
Morning M&C. I owe you an apology - you were right. I had searched Comdirects terms and conditions for keywords such as "sale" and "escrow". I took the trouble to read it thoroughly this morning and in section 8.5 it states that for a "recommended offer" in the absence of any instruction to the contrary the default is to accept. (I looked again at what a Charles Schwab account would do in similar circumstances and it defaults to no action).

My main point of concern at that time was to allay fears that a broker would actually sell the shares and I was looking for clauses in the agreements that would suggest the broker had the right to sell during a takeover. On reflection, IMO, it is likely that those shares Comdirect had accepted the offer for were moved into a separate account to prevent them being sold! Hence their use of the term escrow account.

It is of accademic interest now but I wonder how many of the companies running nominee accounts default to acceptance in this way? I'm not going to look. I hate to spoil this but surely you would agree that they couldn't have obtained pre-agreed acceptances prior to making an offer? Perhaps what you were suggesting is that because they knew how many shares were being held in nominee accounts and by what broker then they knew how many would default to accept for a recommended offer unless otherwise instructed? (If it had not been recommended then Comdirect would not have accepted). Given that not everybody would respond then, using their experience the bidder's advisors could make a reasonable judgement on the level of take up once they had got a recommendation from the company. That might also explain why it was so difficult for any other bidder to appear? But lets not go down that path.

esmerelda
13/6/2003
09:20
I know this is standard but it's interesting to note that they have the phrase 'or conditionally agreed to acquire' slotted in there. I wonder if votes acquired with conditions would withdraw if they were not reaching the mandatory 90% sometime soon?
downtheboozer
13/6/2003
08:12
cbilcliff

This is exactly the point I made a few posts back which esmerelda tried to refute. How the hell have they managed to jump from 26% to 69%. You can be rest assured they would not have spent millions of pounds on fees arranging this derisory 25p buyout unless they had received pre-agreed acceptances from nominee account stockbrokers with or without their clients' permission.

mercier et camier
13/6/2003
07:58
I wonder how many of that 69.9% are acceptances made by default by nominee companies like comdirect, like my own which I am now going to withdraw from the acceptance (see postings 194-211 on this thread from yesterday). I am aware of several others in a similar position, so that percentage may yet reduce.
cbilcliff
13/6/2003
07:50
What a sorry saga. My sympathy to all holders.
gulliverr
13/6/2003
07:47
I'm afraid so. The text reads:
Health Club Group PLC claimed 68.9 pct control of Holmes Place PLC under its offer for the company. At 3.00 pm yesterday, Health Club received acceptances of the offer valid in all respects in relation to, or conditionally agreed to acquire, a total of 69.9 mln Holmes Place shares. Health Club said it is extending the offer to June 26.

IMHO the offer will remain open for acceptances until they have got 90% and then they'll compulsory purchase the rest. Not worth even hot holding on now.

esmerelda
13/6/2003
07:16
Its friday the 13th and its bad news day they have the majority sorry to say
cool hand kev
12/6/2003
16:07
Anyone know why this was made an rns :


Winterflood Securities Ltd
12 June 2003

FORM 38.5 (SUMMARY)



Lodge with Company Announcements Office and the Panel. Use a separate form for
each class of securities in which dealings have been made.



CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Name of EMM...Winterflood Securities Ltd......

Date of disclosure...12th June 2003...................

Contact name.....Mrs Samantha Vinton-Brooks..........................

Telephone number....0207 621 5592........................

Please see attached disclosure of dealings under Rule 38.5 in the securities
of the following companies:

Holmes Place Plc .............................................


AMENDMENT

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:

Bought bargain for 4155 shares cancelled and replaced by 4621 shares 30/05/03.
........................................................................



In the case of option business or dealings in derivatives full details should
be given on a separate sheet so that the nature of the dealings can be fully
understood. For options this include the number of securities under option,
the exercise period (or in the case of exercise, the exercise date),
the exercise price and any option money paid or received. For derivative
this should include, at least, the number of reference securities to which
they relate (when relevant), the maturity date (or if applicable the closing
out date) and the reference price.

For full details of the disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638 0129



FORM 38.5

hotfinance14
12/6/2003
16:03
Good post esmerelda....do they have 26% at the moment if my memory serves me right?
hotfinance14
12/6/2003
15:50
If it is like the Thistle Hotels takeover then the announcement should appear just after 0700hrs the following morning. At the first closing date the announcement was made at 1200 hrs the next day. The offer was extended for a week and the announcement of their holding made at 0700 hrs the next day. The offer was extended again for 10 days and the day before the deadline they increased their offer and the next morning at 0756 hrs announced that 20 minutes earlier they had acquired over 50% and the offer was unconditional.

Ian Burke was credited with fighting a good rearguard action for Thistle Hotel shareholders as the bidder only needed to acquire 4% to get the company and wasn't expecting to have to increase the offer as they had to in the end. During the battle you could sense the bidders frustration and within a day or two of taking over had got rid of Ian and the other independent directors.

Hope that helps hot and good luck with tomorrows announcement. (Personally I would have that if they had got 50% then you would have heard before market close today).

esmerelda
Chat Pages: 109  108  107  106  105  104  103  102  101  100  99  98  Older

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