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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| India Out. | LSE:IOS | London | Ordinary Share | GB00B0YTNL47 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 13.50 | GBX |
India Outsourcing Services (IOS) Share Charts1 Year India Outsourcing Services Chart |
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1 Month India Outsourcing Services Chart |
Intraday India Outsourcing Services Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/2/2008 | 13:42 | India Outsourcing with Charts & News | 1,172 |
| 11/9/2007 | 09:16 | IOS, Huge potential Indian market | 40 |
| 06/7/2007 | 17:22 | Indian Outsourcing - what about this for an interesting shell? | 1,367 |
| 18/12/2004 | 12:02 | hoi | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 26/2/2008 10:42 by johnma First Day of DealingsRNS Number:7083O India Outsourcing Services PLC 26 February 2008 For immediate release 26 February 2008 INDIA OUTSOURCING SERVICES PLC (to be renamed INDIAN RESTAURANTS GROUP plc) First Day of Dealings of Enlarged Share Capital on AIM Acquisition of the Mela Group Change of name from India Outsourcing Services plc to Indian Restaurants Group plc India Outsourcing Services plc (to be renamed Indian Restaurants Group plc) is pleased to announce its first day of dealings on AIM today following its acquisition of the Mela Group. The Company's new ticker symbol will be 'IRGP'. It is expected that the change in the Company's name and ticker symbol will become effective at 8.00am on 27 February 2008. India Outsourcing Services plc announced on 29 January 2008 that it had conditionally agreed to acquire the London-based Mela Group of three Indian restaurants and a catering business ("Acquisition") for a Consideration of £1,998,999 to be satisfied by £100,000 in cash and by the issue of up to 7,201,365 new ordinary shares at 26.37p per share ("Consideration Shares"), some of which are conditional on the achievement of certain targets ("Deferred Consideration Shares"). The Initial Consideration Shares represent 27.53 per cent of the Enlarged Share Capital, and the Consideration Shares in total will represent up to 43.17 per cent of the further enlarged share capital assuming the issue of the Deferred Consideration Shares. As at 25 January 2008 (being the date on which the Ordinary Shares were suspended from trading on AIM), the closing mid market price of an Existing Ordinary Share was 20.5p. At this price the Mela Group was valued at approximately £1.48 million and India Outsourcing at approximately £1.94 million. Dealings in the Enlarged Share Capital consisting of 9,479,167 Existing Ordinary Shares and 3,600,683 Initial Consideration Shares commence on AIM today. Commenting on the successful completion of the Acquisition, Haresh Kanabar, the Company's Non-Executive Chairman and Finance Director, said: "I am delighted that trading has commenced in the new ordinary shares. We look forward to updating shareholders in due course on our plans to roll out the Mela and Chowki restaurant brands to create the UK's first national, branded provider of Indian cuisine." Full details of the Proposals were set out in the Admission Document posted to shareholders dated 28 January 2008 and which is available from the Company's website at www.indianrestaurant |
Posted at 21/2/2008 17:52 by the big fella NTVI share your disappointment with the current share price performance. But they have 2.1 mil cash on the books post the transaction. They have a busimess that is profitable. Therefore one would expect the minimum valuation to be in excess of 2.1 mil. Another thing that should not be overlooked is the value of the leases (I have on good authority these should be booked in c 1 mil). I am not defending management. On paper they have not created any value for shareholders. But I think we need to give it some time to see how this develops. It is very easy to jump on the band wagon and kick something when it is down. It is much harder to have the vision to take advantage of opportunities when they arise. I will not be selling. I have spoken with management. I think they have some decent ideas. I made a lot of money from Pizza Express a few years ago (got in too late and sold too early - but still made a lot of cash). Who know where this will end up. |
Posted at 19/2/2008 16:16 by the big fella NTV - 18 Feb'08 - 18:28 - 1155 of 1156we now know why vincent cut and ran share price fell again and they haven't even approved the deal yet!!! perhaps it is worth voting against it though i only have 60k Vincent T holds c 28% - has rejigged where the shares are held for tax reasons but hasn't sold. |
Posted at 30/1/2008 08:05 by hardie1960 The big fella,re credibility on ggg, I think that I have been shown to be right again - just look at the share price graph. Re this one, i'd say that the owners just need a business, any business, as a home for their money. We shall see. I know the restaurant business pretty well, I made much of my own money there before switching to property investment. Its not a great business to be in at moment, and with this management I see a steady drip in the share price here down to single digits. |
Posted at 29/1/2008 16:55 by stuart14 201'000 shares, mostly sells. In total that is a grand total of £40k. The MMs keep a really really thin book here, so sells or buys really affect the price quickly. It could have simply been 1 holder liquidated that caused the share price fall today.There are 3 restaurants and a catering business in the group. The group is profitable and run by the guy who came 2nd in the restauranteer of the year awards last year, in all categories. Beaten by Gordon Ramsey. Tchenguiz is onboard because they have aggressive and bullish plans for the company. The british Indian Restaurant industry is worth 3 billion per year, and there are over 10'000 individual restaurants in the U.K. If they can grow the Co into a chain then the company will be worth a fortune. Sure, it is a challenge, and completely different to what we thought they were persuing, but i think the deal is a good one. Have a look at some other restaurant groups on AIM to see what they could be trying to emulate. |
Posted at 25/1/2008 10:32 by master rsi SUSPENDEDThey are on advanced discussions and further announcement in the next few days.......... India Outsourcing Services Plc (the "Company") 25 January 2008 Share price movement The Directors have noted the recent increase in the Company's share price and announce that they are in advanced discussions with regard to a potential transaction which would constitute a reverse takeover under the AIM Rules for Companies. They have requested that the Company's shares be suspended from trading on AIM pending a further announcement in the next few days. |
Posted at 10/10/2007 22:05 by simon54 Can't resist:"It might help though is someone with keen interest in IOS comes out with some fact based possible scenerios for IOS. i.e. what if they do indeed end up doing the deal with the announced two opportunities. What exactly would that mean in terms of deal size, deal funding, market cap of the resultant company/post deal entity and impact on share price." - any intelligent comment possible from the bulls, other than just flaming anyone who asks sensible questions? Huh? [Incidentally, RA1, describing the expenditure of 600k plus on a failed acquisition (which is what they're supposed to have been achieving, after all) as "a bit of bad luck" strikes me as being a very generous interpretation. A bit of exceptionally bad management, I would say. Remember not to answer now - you claim to have me on filter, so you wouldn't want to make an even bigger fool of yourself! ;-)] |
Posted at 10/10/2007 14:40 by v01101999 we should look at what kind of "transaction" IOS can pull off:a) Outright purchase by cash of an INDIAN entity which will become a subsidiary of IOS aka private equity model. The cash element in the company (2.62 MM as per March account) is too low for that. Agreed, you can gear it up by leverage but that is tough in today's market but even if you can gear it up 5 times, that is a total kitty of 15 MM. I am afraid that is too low to pull of any decent size transaction. I have known companies in India who have raised INR 1 BLN (100 cr) = 25MLN in the form of debt and equity package and therefore the question to ask would be why would a company be willing to sell to IOS instead of raising the required capital on their own without losing their independence. b) Reverse Takeover - giving an opportunity to list on AIM under IOS name. I am afraid that is not promising to any company who has intention of listing in INDIA. The Indian stock market is perfect place for such companies to list and it is much easier to create a secondary listing on AIM. There is no advantage to be part of a reverse takeover. c) Part of a consortium -> that is a possibility given IOS and related companies managed by IOS management can raise requisite capital however IMHO I have not heard IOS name with positive tune as part of any recent discussions related to consortium bids. It is quite possible that my sources are biased (as they did not have a good experience to deal with IOS in past) but I have no reasons to disbelieve them. Also since I only have a minute position on this stock, I have not done a great deal of research on IOS and its recent activities. It might help though is someone with keen interest in IOS comes out with some fact based possible scenerios for IOS. i.e. what if they do indeed end up doing the deal with the announced two opportunities. What exactly would that mean in terms of deal size, deal funding, market cap of the resultant company/post deal entity and impact on share price. |
Posted at 24/7/2007 17:34 by ra1 NikuThe company has indicated they are carrying out due dilligence on two potential acquisitions. They have released an RNS to the effect. They hope to complete one of the two transactions, as they have exclusivity on them. They lost out to a transaction last year- as they practically got gazumped, and the other buyer paid a whopping 50% premium to their offer. They extendeded their horizon, as felt the valuations in the BPO sector got stretched. Additionally they spent a lot of time trying to complete that deal, and then had to start all over again. Clearly their share price suffered. They are close to completeing a transaction, and at current share price levels we are still supported by NAV of 27.5p With a deal imminent IOS will re-rate itself upwards. Vincent Tchinguez is their largest shareholder, and he bought in at £1 and at 50p.He does not like to lose money and i would not rule out a property related transaction. I am clearly betting that we are getting in at extremely attractive level frm current share price Have spoken to 5 differnt brokers, there is very little stock actually around. When they finish a deal we should have a very positive reaction to the share price My average for the stock is 25p and at current levels, i am very relaxed. |
Posted at 09/11/2006 22:15 by great2222 Invested in Pounds...now down to Pence in two years and without any acquisition!At this rate, soon the IOS share price will be quoted in single digits! £3.00 becomes £0.18... great track record, IOS! Does it not bother any of the investors that your hard earned money has now almost evoporated...gone... |
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