Parseq Share Discussion Threads

[techno20] 16/9/2011 22:51

Merchants reiterated buy recommendation today with target of 10.5p.

That would do me!

Suspect we'll be put out of our misery next week - one way or another.

[harrytrad3] 16/9/2011 16:48

Whats happened to Estonia?

[mel_d1] 16/9/2011 16:24

Talk about the trick from Rami Cassis and IEN, perhaps this is not the place for it here but look at the much much bigger picture, DOW Jones Industrial Averages, DOW, S&P, and NASDAQ 3 to 4 days of the week take a dive at about 4:00 to 4:30 our time, causing UK and European markets take the fright and close low, then later on in the eveninig (US pm time when European market is closed), DOW, S&P and NASDAQ starts bagging the gain! It serves us right not to follow the US market like hurds, in Europe! Go to Yahoo Finance and check the DOW over 5 days, today, and examine the graph for FTSE and DOW over these 5 days. Pay particular attention to 2:30pm to 4:30 our local time. You will see a pattern from which one could / should be able to, make money.

I now it is not the place for it here, but we turn out under capitalised, Cadburys goes to Kraft, another UK company (name sounded like Documentric went to HP for 6-7 $Billions), next it will be ARM Holding, an FTSE 100 company.

Tell me I am paranoid, it isn't so!At least if you see the pattern, and watch Bloomberg you can do nothing or short for 9 out of 10 days in UK and make money. This is my advice as we sit and watch paint dry on PSQ.

[darias] 16/9/2011 09:22

No reply yet

[harrytrad3] 16/9/2011 08:24

Darias: Any reply to your email (c 12th September)?

Its possible that the mooted MBO has very little support and it seems has not materialised into any offer. How long can the company be hampered by the apparent sideshow?

IEN (its side of the business) seems ready to fly. Perhaps MR R C should be bought out.

[mel_d1] 15/9/2011 21:49

My guess is if Cassis was having an easy time he would have wrapped it up by now. I think the board is divided. clive and Blundell seem to be approaching institutional investors and telling them IEN is making all the news in winning business and that's us, not the Documentric. Cassis is probably contacting the institution and showing his share holings and ability to pull rabits out of the hat on more than one occasion. The whole MBO thing seem to me is on a knife edge. Either the price gets pushed up or news comes in MBO is off and price goes down (momentarily). What will it be?

[abbey8] 14/9/2011 19:25

Good reading Darise .

[darias] 14/9/2011 15:19

There is an article in the Guardian today about the possibility of HSBC moving its headquarters to Hong Kong.

I particularly liked the quote,

"The city is divided over what HSBC will do, with one observer emphasising the value of Britain's stability, 'Don't underestimate the benefits of being based in a stable democracy which cant be easily replicated elsewhere'"

Our "stable democracy" reminds me of the wild west where city insiders buy and sell their vision of hell. Rami has spotted a little gem and bought into the company to sell out later. Look at the increase in EPS over the last 5 years.

Loss making in 2005 and only 0.17p eps in 2006 rising to 0.814p eps last year and this includes a 1.2m exceptional charge. (Source LCF figures) There are projected forward price earnings of 6.5. i.e 0.92p eps.

[darias] 14/9/2011 14:50

Try

as a similar situation exists at PSQ. I say similar however there are some independent directors of M & B whereas the board of PSQ - bar none as far as I can see - are all part of the concert party. The institutional investors of M & B are raising a stink whereas our Institutional investors are silent. All they want is a profit.

Reading the good blurb by LCF it seems to me that PSQ is vastly undervalued but all the institutions will look at is short term gain. 8p a share represents a significant profit on the basis of the 7p a share injection in July.

[darias] 13/9/2011 07:04

Since it is the whole of the board that are parties to the management buy-out I am not holding my breath for clarity.

I will contact the t/over panel and the FSA at the weekend if there is still no news.

[abbey8] 12/9/2011 19:19

Thank you all . I can wait and pray.

[harrytrad3] 12/9/2011 18:35

I emailed P Blundell today to ask what is going on.

We are both shareholders:, as such why should he know more about `our` company than me?

[mel_d1] 12/9/2011 17:23

Thanks for emailing the CEO, Darias. We shall watch this space with interest as to what the response will be.

[darias] 12/9/2011 16:23

Not yet.

The concert party has 44% of the shares see



I think that the institutions holding the remaining shares are holding out for a higher price than is on offer or the concert party cannot raise the remaining dosh.

I do not believe that there can be delay caused by due dilligence if Rami, Phillip and Clive dont know the value of the company who does? That is why I am requesting the CEO to seek a time limit on the period during which and offer must be made. Put up or shut up.

[harrytrad3] 12/9/2011 11:57

Thanks Darius, has Cassis found time to reply to you?

[mel_d1] 12/9/2011 10:11

Abbey8, in my view unless the MBO falls through you won't make much money but you will get your money back and a touch more. Rami Cassis has 155 million shares in the company, 35% approx. He, can therefore comfortably control the price by calculated sell/buy through Cannacords and Peel Hunt exempt traders. What he may have difficulty is to find the money to buy the remaining 250 million shares (65%). That will be a good news.

As an aside, 30% holdings and you can make an offer as and when you wish, 50% holding in concert and other holders can't refuse to sell. That's why he has made the offer. He has probably got the other 15% holders on board, BROBABLY, at this cheap price. He needs to find creditors and that is difficult to come by in today's market.

[darias] 12/9/2011 10:05

Recent email sent to Rami

Rami Cassis

I note that the company is in the process of negotiating a possible management buy out where the persons concerned hold over 44% of the stock.

The announcement of a possible offer was on the 22nd August. I appreciate that these things take time however I would have thought that the process of due diligence could be dealt with fairly quickly as you, (the CEO), Clive Richard, (a non-exec who has been involved with IE since its inception) and Philip Blundell, (Chief Finance Officer) are part of the group doing the MBO.

I hold a substantial number of through an investment club and on my own behalf. I have held these shares for many years when they were IEN. I am concerned that the board are not looking after the interests of all the shareholders as they are obliged to do and would be pleased if further information could be presented as to whether an offer is or is not going to be made.

If this cannot be disclosed I would request that the Board approach the takeover panel with a view to the panel imposing a time limit during which an offer be made. (Part 2.4b of the take over code).

I contrast the delay in presenting information with regard to a possible takeover with the speed of the reverse takeover by Documetric of IEN when the whole thing was done and dusted in 3 weeks.

[algorithmicx] 09/9/2011 09:37

MMs actually paying 6.5p for 150K of stock even though it's not a visible bid. Someone is short of stock :)

[abbey8] 09/9/2011 08:47

Good morning all , just got in with 20k shares at 6.9p approx , it seems the company has a good prospects , any comments please . Thanks

[potpit] 08/9/2011 16:57

A nice tick up, we even made it to the 1st page of % gainers on the toplists today.

[harrytrad3] 08/9/2011 16:53

SP tick up at close, are a few still to be found? Is it edging towards an offer price?

Interims are out in September, and this is a very good prospect but who knows.

[harrytrad3] 08/9/2011 15:52

666james self deprecating is futile with hardnosed thick skinned types.

Whats happening? is the simple question he should be asked to answer, The share seems to be a little in limbo unless the veil is removed to see what is going on behind the scenes.

Regards,

Harry