Share Name Share Symbol Market Type Share ISIN Share Description
Ki-BI Tech. LSE:KIB London Ordinary Share IL0010926595 ORD ILS0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Ki-BI Tech. Share Discussion Threads

Showing 901 to 923 of 925 messages
Chat Pages: 37  36  35  34  33  32  31  30  29  28  27  26  Older
DateSubjectAuthorDiscuss
17/10/2008
03:55
Hi, Yes, Thank you for keeping this board alive, learnt alot. Kind regards, MN
zoo123
27/1/2007
12:35
keeping this board alive for all the information that you can not find anymore on the internet. and Emblaze wants to get rid of. ADVFN please do not delete this board
eenmakkie
12/7/2006
15:48
Result of AGM RNS Number:1095G Ki-Bi Mobile Technologies Ltd. 12 July 2006 For immediate release 12 July 2006 Ki-Bi Mobile Technologies Ltd ("Ki-Bi" or the "Company") Result of AGM Further to the announcement made on 31 May 2006, at the annual general meeting held earlier today all resolutions were duly passed. Accordingly, the acquisition of Emblaze V CON Ltd. ("Emblaze VCON") is expected to be completed on 13 July 2006. Certain of the vendors of Emblaze VCON have not provided exemptions from Israeli withholding tax as required under the Acquisition Agreement. Therefore, those shareholders will only receive 70 per cent. of the consideration due to them under the Acquisition Agreement, with the balance being issued to them upon delivery by them to the Company of such exemptions from Israeli withholding tax, which is expected to occur on or before 14 August, 2006. Consequently, it is expected that admission to AIM will become effective and dealings in the 47,898,159 ordinary shares of NIS 0.01 each will commence on 13 July 2006.
cowls
23/6/2006
14:32
Irrespective of my intentions I think it could be difficult for Emblaze to get enough votes for the deal. From p75 of the circular the largest shareholdings are Emblaze 29.95% SAC Participations GmbH 14% (*) HSBC Nominees 12% Morstan Nominees 5% (is this RAB Capital? it often seems to be) (*) I think this holding is something to do with Siemens, the Emblaze crowd were trying to vote the Siemens man off the board at the EGM called last Autumn, no love lost there then. Adding up the above it seems the last 3 could outvote Emblaze. Also (p92 of the circular) under Israeli law the deal requires at least 1/3 of the independent shareholders to vote for it, which doesn't look that easy to achieve.
charlie
23/6/2006
14:32
Any comments? I am minded to vote against this deal.
charlie
23/6/2006
14:23
Eli Reifman's Ki-Bi cut & paste 05.6.06 | 14:52 By Efrat Neuman Haaretz.com The latest financial shenanigans of Eli Reifman, who has cost investors billions of shekels but who isn't short of new ideas. Look at the takeover of Ki-Bi Last week it seemed that Eli Reifman, the founder and controlling shareholder of the Emblaze (LSE: BLZ) group, seemed to have yanked the tiger's tail a little too hard. After defaulting on repayment of $70 million he'd raised through a personal bond offering (that includes the interest), that he himself had asked to repay early, the trustee ruled that the debt should be repaid immediately. Unless the money was forthcoming within 30 days, Reifman would have to forfeit all the assets backing his bonds, the trustee growled, and that included Reifman's 25% controlling stake in Emblaze. With an interesting sense of timing, yesterday - Sunday - Emblaze motioned the Tel Aviv District Court to let it use $70 million of its money. Usually requests like that indicate a desire to pay dividends. The company does have $250 million cash in hand, but it's short on profit. In fact, it has accrued more than $200 million losses since its establishment. Because it has no profits, it needs the court's permission to reduce its shareholders' equity. If the company means to use that to pay dividends, Reifman would be in for $18 million. Emblaze commented however that the purpose of the money is to repurchase shares, not to give shareholders a cash dividend. By the way, among the buyers of Reifman's personal bonds are Ilan Ben Dov, who invested $10 million; Ofer Nimrodi, who through Israel Land Development Corporation (TASE: ILDC) bought $10 million too; and the Meitav investment bank, which gave him $6 million. It turns out that Lapidoth Israel Oil Prospectors Corporation (TASE: LAPD) and Inventech Investments Company (TASE: IVTC) also each bought $1.5 million worth of the "Reifmans". The Histadrut labor federation and Yuvalim bought $13 million worth of his paper, attorney Arnon Gitzelter bought $2.5 million worth, Mario Segal bought $2 million worth, and the list goes on and on. Eitan Eldar and Roy Gill are also there. Ki-Bi, we barely knew ye But that was then and meanwhile, last week Reifman pulled off a creative financial move, completing the takeover of a company called Ki-Bi Mobile Technologies. It was a year ago that Ki-Bi, an Israeli company, floated on London's AIM market, and by now its whole story has changed. Under Reifman's direction, the company has undergone a complete makeover. It has a new owner, new employees, new operations and even a new name. Originally Ki-Bi Mobile Technologies, which had been founded all of four years ago, was working on the development of a electronic content cards for cellphones. The Emblaze group is by and large devoted to various aspects of cellular technology and communications. But Ki-Bi didn't really take off, its results were pathetic and the London crowd sent its stock dropping by tens of percent. Emblaze noticed and took advantage of the drop. After the offering it had owned 10% of Ki-Bi: as the share price plunged, it bought and bought. By February 2006 it owned 30%. At this stage, Ki-Bi's CEO, Ehud Levy, and two of its external directors, quit, and it became evident that Reifman was cooking up a cut and paste - buy the company and shovel one of Emblaze's operations into it. Indeed, in recent months Ki-Bi basically stopped functioning. The mood in its corridors was doom and it was only a question of time until it ceased to exist, at least as was. At the end of last week, Emblaze announced that the deed was done: Ki-Bi had bought the operations of Emblaze-VCON, one of the Emblaze units, and had fired almost all the Ki-Bi staff. Isn't math fun Now let's look at some surprising figures. In August 2005, Emblaze bought VCON for $1.6 million. Certain VCON shareholders, the Pitango and Index venture capital funds, received 30% of the company, which had been merged with an Emblaze unit. Now, according to Ki-Bi's announcement from last week, Ki-Bi has bought the merged VCON-Emblaze unit for no less than $20 million. How wondrous! In less than a year, Emblaze-VCON?s value climbed tenfold. "Since the acquisition, Emblaze has invested $5 million in VCON," the company said. "An external company evaluated Emblaz-VCON at about $20 million but ultimately it was sold according to a value of $15 million." The purchase had been effected using shares. Now Ki-Bi (or in its new name, Zone-IP) owns 100% of Emblaze-VCON, in exchange for which the Emblaze-VCON shareholders received 60% of Ki-Bi. Yes: the move majorly diluted the Ki-Bi shareholders, who now own 40% instead of 100%, and brought Emblaze to a probably not-coincidental 51% holding - which is exactly what it needs to consolidate financial statements and cash. One may assume that Emblaze will post capital gains from the sale, too. Emblaze commented that it was an insider transaction and that capital gains are minor, if there are any at all. Grumbles in the background It turns out however that some of the Ki-Bi shareholders, including private Israeli ones, are not amused. Ki-Bi had been trading in London at a valuation of $12 million and they have criticism about the deal. They seem unconvinced that Zone-IP is a better company with operations worth $20 million (or $15 million). How do we know they are unpersuaded? The Zone-IP share price sank 20% in the space of two days, that's how. Since Ki-Bi went public in April 2005, it has lost 70% of its value. Another interesting tidbit is that the British investment bank of Collins Stewart, which had underwritten the Ki-Bi initial public offering, didn't take part in this latest move. Instead Reifman hired a little underwriter called John East & Partners. A source near the reverse takeover, in which wee Ki-Bi bought Emblaze-VCON, said that Collins Stewart thought Emblaze-VCON was priced too high, and didn't want any part of the deal. Another source said that Collins Stewart priced its own services too high. The transaction remains subject to the approval of shareholders at an assembly scheduled for July 12.
charlie
15/6/2006
23:01
Its strange, they will probably now close down the UK team, sack all the staff and relocate the head office to Germany, Crazy, But then who else would buy the Video streaming business for 10 mil I think BLZ brought it for 1 mil. I guess KIB a crazy little company just buying what ever comes along at what ever price.
tone
15/6/2006
21:14
There will be no company if this deal does not go through. The card business has been effectively shut down. It is Eli's way or the highway.
britishbear
15/6/2006
17:40
Better vote against the deal on the 13 july than selling your pounds, then Ki-Bi will go back up to 0.35 the cash level+ some extras eenmakkie
eenmakkie
15/6/2006
09:06
Down on low volumes
tone
09/6/2006
10:13
I have a big bag of pound coins gold in colour, I am offering them for sale at just 10 pounds a pop; I will also offer a growth rate of 4.5 percent on each coin brought until 2010, Please note this offer is only open to KIB share holders
tone
06/6/2006
16:54
Steady as she goes !!! not one trade
tone
06/6/2006
10:07
Its so difficult to call; just like TTC, who would have thought a white knight turning up
tone
06/6/2006
08:03
You have to admit that Eli is a finanical wizard - this is some deal. To make 10-fold on a company in a year. KIB shareholders shafted. Still, V-CON could grow and grow...... Will continue to hold
britishbear
06/6/2006
07:59
25 percent down on their investment (BLZ), Lets hope we can recoupe some of the money by selling the card part of this business
tone
05/6/2006
18:50
vote against this C.O.N. eenmakkie
eenmakkie
05/6/2006
18:48
Eli Reifman's Ki-Bi cut & paste 05.6.06 | 14:52 By Efrat Neuman Haaretz.com The latest financial shenanigans of Eli Reifman, who has cost investors billions of shekels but who isn't short of new ideas. Look at the takeover of Ki-Bi Last week it seemed that Eli Reifman, the founder and controlling shareholder of the Emblaze (LSE: BLZ) group, seemed to have yanked the tiger's tail a little too hard. After defaulting on repayment of $70 million he'd raised through a personal bond offering (that includes the interest), that he himself had asked to repay early, the trustee ruled that the debt should be repaid immediately. Unless the money was forthcoming within 30 days, Reifman would have to forfeit all the assets backing his bonds, the trustee growled, and that included Reifman's 25% controlling stake in Emblaze. With an interesting sense of timing, yesterday - Sunday - Emblaze motioned the Tel Aviv District Court to let it use $70 million of its money. Usually requests like that indicate a desire to pay dividends. The company does have $250 million cash in hand, but it's short on profit. In fact, it has accrued more than $200 million losses since its establishment. Because it has no profits, it needs the court's permission to reduce its shareholders' equity. If the company means to use that to pay dividends, Reifman would be in for $18 million. Emblaze commented however that the purpose of the money is to repurchase shares, not to give shareholders a cash dividend. By the way, among the buyers of Reifman's personal bonds are Ilan Ben Dov, who invested $10 million; Ofer Nimrodi, who through Israel Land Development Corporation (TASE: ILDC) bought $10 million too; and the Meitav investment bank, which gave him $6 million. It turns out that Lapidoth Israel Oil Prospectors Corporation (TASE: LAPD) and Inventech Investments Company (TASE: IVTC) also each bought $1.5 million worth of the "Reifmans". The Histadrut labor federation and Yuvalim bought $13 million worth of his paper, attorney Arnon Gitzelter bought $2.5 million worth, Mario Segal bought $2 million worth, and the list goes on and on. Eitan Eldar and Roy Gill are also there. Ki-Bi, we barely knew ye But that was then and meanwhile, last week Reifman pulled off a creative financial move, completing the takeover of a company called Ki-Bi Mobile Technologies. It was a year ago that Ki-Bi, an Israeli company, floated on London's AIM market, and by now its whole story has changed. Under Reifman's direction, the company has undergone a complete makeover. It has a new owner, new employees, new operations and even a new name. Originally Ki-Bi Mobile Technologies, which had been founded all of four years ago, was working on the development of a electronic content cards for cellphones. The Emblaze group is by and large devoted to various aspects of cellular technology and communications. But Ki-Bi didn't really take off, its results were pathetic and the London crowd sent its stock dropping by tens of percent. Emblaze noticed and took advantage of the drop. After the offering it had owned 10% of Ki-Bi: as the share price plunged, it bought and bought. By February 2006 it owned 30%. At this stage, Ki-Bi's CEO, Ehud Levy, and two of its external directors, quit, and it became evident that Reifman was cooking up a cut and paste - buy the company and shovel one of Emblaze's operations into it. Indeed, in recent months Ki-Bi basically stopped functioning. The mood in its corridors was doom and it was only a question of time until it ceased to exist, at least as was. At the end of last week, Emblaze announced that the deed was done: Ki-Bi had bought the operations of Emblaze-VCON, one of the Emblaze units, and had fired almost all the Ki-Bi staff. Isn't math fun Now let's look at some surprising figures. In August 2005, Emblaze bought VCON for $1.6 million. Certain VCON shareholders, the Pitango and Index venture capital funds, received 30% of the company, which had been merged with an Emblaze unit. Now, according to Ki-Bi's announcement from last week, Ki-Bi has bought the merged VCON-Emblaze unit for no less than $20 million. How wondrous! In less than a year, Emblaze-VCON?s value climbed tenfold. "Since the acquisition, Emblaze has invested $5 million in VCON," the company said. "An external company evaluated Emblaz-VCON at about $20 million but ultimately it was sold according to a value of $15 million." The purchase had been effected using shares. Now Ki-Bi (or in its new name, Zone-IP) owns 100% of Emblaze-VCON, in exchange for which the Emblaze-VCON shareholders received 60% of Ki-Bi. Yes: the move majorly diluted the Ki-Bi shareholders, who now own 40% instead of 100%, and brought Emblaze to a probably not-coincidental 51% holding - which is exactly what it needs to consolidate financial statements and cash. One may assume that Emblaze will post capital gains from the sale, too. Emblaze commented that it was an insider transaction and that capital gains are minor, if there are any at all. Grumbles in the background It turns out however that some of the Ki-Bi shareholders, including private Israeli ones, are not amused. Ki-Bi had been trading in London at a valuation of $12 million and they have criticism about the deal. They seem unconvinced that Zone-IP is a better company with operations worth $20 million (or $15 million). How do we know they are unpersuaded? The Zone-IP share price sank 20% in the space of two days, that's how. Since Ki-Bi went public in April 2005, it has lost 70% of its value. Another interesting tidbit is that the British investment bank of Collins Stewart, which had underwritten the Ki-Bi initial public offering, didn't take part in this latest move. Instead Reifman hired a little underwriter called John East & Partners. A source near the reverse takeover, in which wee Ki-Bi bought Emblaze-VCON, said that Collins Stewart thought Emblaze-VCON was priced too high, and didn't want any part of the deal. Another source said that Collins Stewart priced its own services too high. The transaction remains subject to the approval of shareholders at an assembly scheduled for July 12.
eenmakkie
05/6/2006
11:13
We still have a change to win. If they need 75,1% of all the shares to vote for the deal. We can vote against!!!! eenmakkie
eenmakkie
04/6/2006
23:59
I think we are all on the edge, read the BLZ thread, not sure what to make of it but it looks like the company will buy its shares from Eli !! 70 mil in cash then he leaves us holding the baby !!
tone
04/6/2006
22:35
Interesting times - as a KIB and BLZ holder this is simply another of Eli's dodgy deals. The whole thing stinks, BUT this could be a blessing in disguise for KIB shareholders. Seems that the cards were just not working - in which case, without BLZ we would have lost the lot. It will be very interesting to see how much the card business can be sold off for. Potentially many millions. Of course, we did not buy KIB to get exposure to the video conferencing market. However, it has potential. BLZ's other spinoffs (ORCA and ADA) have been unmitigated disasters so far but they to retain some potential. I will be keeping my KIB shares and hence ZONE shares but I can't say I like the way this has been done. Please offer my 41p again ELI.....this time I promise I will take you up on the offer.
britishbear
03/6/2006
08:26
What boders me the most. They couldn't bring Emblaze VCON to the market, no fait anymore of the market in the IPO's of Emblaze The Ki-Bi reverce take over is the way to bring VCON to the market and sell later as Adamind with a PROFIT. BUT what is a profit???? There had 8% ad low prices, bought 16,95% at a price of 0,30 till 0,48 The tender offer at 0,42 But NOW the 30 milj share for free makes a total price of 0,08£ so they have already a BIG profit now. eenmakkie
eenmakkie
03/6/2006
08:18
Do they need 50,1 % of the shareholders to agree or the 75,1% of the shareholders to agree the takeover? It is not fresh money that comes in for new shares, what only needs 50,1% but it is selling new shares more than there already exist, for NOTHING. There not buying the 21% on the market to get there hands on the cash, there paying nothing for it. They kicked out the directors and brought there own people in, the same that are being (takenover now) or take over Ki-Bi, because 30milj new shares to be paid to vcon agains 20milj outstanding shares. Vote against Where is the "v" standing for, I know where the "c.o.n." is standing for.
eenmakkie
03/6/2006
08:17
So no IPO with Vcon Emblaze. Vcon gets bought by a public traded company and Eblaze get his holings up from 29,95% till 50,97% for free. After 12 months sell the stake on the market, the same as Adamind. Sounds like al the rest of the deals from the past. eenmakkie
eenmakkie
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