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Real-Time news about Lionheart (London Stock Exchange): 0 recent articles
|old boy returns: I bet the big LNT holders who have 'accepted' the Sigma bid sold short the Sigma shares they would have got if bid successful as soon as possible. The plan being to use the Sigma shares from the bid to close the short positions. This excess supply will be one of the reasons for the fall in the Sigma share price since offer was announced. If bid is unsuccessful they will have to buy Sigma shares in the market to close their short positions.|
|diddily: The Sigma share price will also be diluted by the fact that Sigma will need to increase the shares in issue by 50% to cover the LNT shares.This could result in the share value dropping by another 20-30%.
Also,read AF news dated 24/12/02 for Sigma.There is a lawsuit hovering over them for supplying Laboratory equipment to Iraq....it just gets better doesn't it!!
Sigma will get about £3million out of this deal.If they are so desparate for cash,why don't we just give them the £3million and take a 25% lump of their company in return.......we'd still have £8million to play with.
We've been sold down the river....bring back Johnson and Co.|
Is it possible we can exert some shareholder pressure. If we all stand back and do nothing, then the board will take it that we are supportive.
Have the Pru still got a big stake? If they have, I am sure they would prefer cash now, rather than the chance of a stake in another company on a reversal.
I am also a shareholder in Firth. They had over 7p per share in cash, and have done what seems to be a decent reversal, but the share price is now 4.5-5.5p. I know I am looking very short term, but this deal has already destroyed shareholder value.
If LNT do a deal, does anyone think the share price will go up? I for one do not. The safety attraction was the 160p of cash. You would now be taking a risk on the prosperity of the target.
I would like to see the board give in, and admit the risks of further undertaking a reversal do not outweigh the rewards of cash back now.
As you mention the track record of PP is not good. When we he spot the patently obvious.
|skyship: Perhaps not surprisingly, at the June AGM Peter Pollock gave us no indication of the scale of cost incurred in the due diligence. £330,000 is an astronomical figure for the size of business Lionheart might take on; and one does wonder what the constituent parts of that £330,000 might be. A sorry state of affairs and yet another reason for having absolutely zero confidence in Peter Pollock - if you want to see what he does in his day job - click over to LPA: share price down from 170p to 17p over 3 years!!
PP drew £43,000 last year & the two non-execs (David Gawler & Hamish Grossart) drew just £20,000 each - and were likely to have been good value at that. Pity to hear of DG's departure, but pleased HG is likely to see things through to their logical end with a cash payout within a year.|
|8 ball: Interesting reverse takeover just happened with MGM, the share price rose on the new's.
Hence my interest on this board, great info on AGM SKYSHIP.
Providing they take their time, as they appear to be, I am sure they will find a good deal, as did MGM.|
|rangers99: IMO these cash shells dont look as attractive now. Youd be better investing the cash yourself.
An example is Avingtrans. They were capped at around 3M all cash. So what did they do? They bought a compnay with 3M in "assets" (dont know what these are) and its loss-making. Most loss making compnaies are valued well below assets just now, so in that respect, and with hindsight, there was no advantage in holding AvingTrans
Similarly BidTimes. The share price has collapsed recently after the acquisition.|
|asph: does micheal walters know something -- at long last M&G expertise is about to commit this cash shell --or is he speculating on the discounted share price?|
|fm27: on 26.9.01 the lionhaert board stated that they where still looking for suitable aquisitions. the results were published and showed amuch better profit than last year,but still the share price continued to drift 'as always' downwards.BUT SUDDENLY today the share price jumps up by about 6% Does anyone know if there is any specific reason for this.|
|master rsi: LNT- For those who are wondering why the share price is going down.
On the 2th January the Indicators had reached top of the scale, and since then they are in decline, so the share price is down too.
If any one wants to buy, wait til the cycle gets to the bottom.|
|master rsi: LNT The Cash Shell Co. is trading at 5.75-6p below the price on deposit £11million (6p).
Has plenty of upside, if it manage to adquire the right and cheap company the directors are looking for. The Recruitment sector will do the job.
Last friday the share price move up , after a few large buyers got in.|
Lionheart share price data is direct from the London Stock Exchange