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Opsec Security Share Discussion Threads
Showing 651 to 671 of 675 messages
|Listen - Opsec Security Group - Final results
I am still here and while the rubbish with ORCA last year was a pain this looks like a good acquistion to me|
|Two placings, one at 45p (current sp) and one by the company their purchasing @ 75p, big premium
LONDON (Dow Jones)--Opsec Security Group PLC (OSG.LN), a supplier of anti-counterfeiting technologies and services, said Friday it is buying Delta Labelling Ltd. and Delta Labelling (HK) Ltd. for GBP12.5 million and is raising GBP9.8 million via a placing and share subscription.
-Placing 17.34 million shares at 45 pence to raise GBP7.8 million; subscription by Delta's current shareholders for 2.67 million new Ordinary shares at 75 pence per share to raise GBP2.0 million.
-Of the consideration GBP9.5 million is payable in cash at completion with deferred cash consideration of GBP3.0 million payable subject to the achievement of certain performance targets and milestones in four installments.
-Delta is a supplier of leather, printed, woven, PVC and metal labels to the fashion industry and operates from facilities in Tamworth (England) and Hong Kong.
-Delta's aggregated unaudited operating profit for the year ended Dec. 31, 2011 was GBP2.2 million; aggregated unaudited net assets of Delta as at Dec. 31, 2011 were GBP1.8 million.
-Shares at 0905 GMT up 1 pence, or 1.1%, at 46 pence valuing the company at GBP27.3 million.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected]com|
|Herald bought on Friday to reach 24.03% !
Any views on where it will go from here????????|
|So they didn't get to 50% ..not good since they started with 30% +. Not sure what happens now but they have sure made a mess of this ...Herald's reaction will be key.|
|The board are making us all paranoid but I think the bottom line here is that unless Herald extract a better deal from ORCA we are in for a rough time I think ...Majority owned by ORCA but still listed. I think Herald need to get to 25% to maybe get some power after the deal.|
|Thanks.....yes, I agree but in the context of what might happen surely if we end up being a minority we would not want the tainted Board issuing any shares to anyone except with existing shareholder pre-emption rights attached? otherwise we could get stuffed/diluted by them issuing shares and options to whoever they liked (and at whatever price) without recourse to us. Am I becoming paranoid?|
|I have read that stuff. I do think that in fact the resolutions you are talking about are fairly standard and I am sure were on last years AGM resolution list as well.
It is getting twitchy now !!|
I have it..do you have the email?
|Bearfoot you got an email address I could have|
|If you look at the vote that they lost on the management scheme that forced the new offer they were heavily defeated
That tells me that they don't have as many stitched up here as we all think
I would be gutted to see it fall well below 50p but it is a fascinating situation|
|Thanks for the posts harrogate and BearFoot, I appreciate your insight. I've been stuck in this particular hole for several years now and at quite a considerable cost. I am happy to hold on for now with you guys and Herald. I expect there are a good few more of us too.|
|It is dangerous but we need to look at what might happen.
If they don't get to 50% and the offer lapses and they go back as they were they now have a very unsettled and unstable situation with many unhappy shareholders. They will in my view have put the company in play and will have spent a lot of money ...maybe £1m between them. I can't see them letting this go now for the sake of £5m which would be another 10p or so. Maybe this is just wishful thinking on my part but whilst I don't see another bidder coming in at the moment I do see a deal being done. I am going to vote against and take my chances I think|
|Yes, I also spoke with her a few days ago and confirm all that you say. I am confident she has at least 25% 'spoken for' to prevent the company being delisted. As, you say, this is a potentially dangerous position to take against ORCA however, from a moral and ethical persepctive somebody has to take a stand and I, for one, am delighted that she is doing this and give her/Herald my full support. Yes, the Company (and ORCA) need to speak with Herald and broker a deal that recognises the upside value in the business is refelected in the price and NOT deflected to existing management and ORCA.|
|Herald at 19.05% and I spoke to Katie at Herald and she said she is in the market today again but is finding it difficult to find many for sale at 50p. She was unwilling to say much other than she is not a happy bunny and I sense she feels that ORCA will struggle to get 50% here. It is a dangerous game but it could be that ORCA have to talk to Herald and find out what they would settle for. All is not over maybe yet.|
|It must mean that a new bidder is not coming in though and Herald's aim is to keep the thing listed on AIM by getting 25% ..Not sure that is much use unless Orca will pay more to get the thing tidied up in one go. I can't see why Orca haven't been buying at 50p ... Any ideas on that from anyone|
|I think it means that they are not going without a fight!|
|Enlightened in what way BearFoot? I can't make head nor tail of it?|
|very positive and enlightened move by Herald!!!|
|It is not the company that has to communicate ..it is sitting there having received a bid ... It is the people who are buying or selling that have to communicate what they are doing !!|
|Confusing is the word! I am a very amateur investor with limited exposure to these kind of things but I must say that either senility is advancing faster than I thought or else the communications we have received from the company could and should have been a great deal clearer!|