Poole Investments Share Discussion Threads

[fhmktg] 13/7/2007 07:48

I see from their news listing ( INL) that inland are 'long' in over 3 million PIV shares -option bought at 4.5p and that their record on land sales is running at 160% annual return, since listing on AIM in March.

Hopefully Mr Palmer, aided by Mr Cicurel can get a better deal than 6p. Once again my memory suggests that Cicurel bought into PIV at 5.4p and should expect a substantial return on that.

[ford barfle] 12/7/2007 22:56

I have never met David Cicurel and had assumed that his name would be sufficiently uncommon that only one UK company director would bear it. The web site I found and referenced has three entries for David Cicurel but they all seem to be about this "other " David Cicurel.

[faxxer] 12/7/2007 21:54

Ford Barfle - 12 Jul'07 - 18:52 - 733 of 734

Hi
I can assure you that you have the wrong David Cicurel.
The man who is presently a non-exec director of PIV is also CEO of Judges Capital (JDG). He is of Egyptian origin, has had an engineering business in France and I think he is under 50. I deem him to be an extremely pleasant and proper person. I am sure that he will be consulted by David Booth and Anthony Palmer in order to achieve the best possible outcome for shareholders.

Judges Capital have about 10% of PIV and is presently their only quoted investment. They make scientific instruments. The following is a link to an announcement by JDG earlier this year.

[esrimeur] 12/7/2007 19:14

Jeepers! That make him less than half as talented as any of Messrs. Menzel, Arad & Regli of Langbar International notoriety and on a par with me good self.

6.96p, on average, my wife paid for these.

How come Kevin Whiteley can run a tile mfg. business with no prior experience, but the PIT board could not. What did they do when things were deteriorating? Spend £5m on a new kiln, virtually given away shortly thereafter.

It stinks.

Come on, Mr Palmer, get us 8 pence at least. We suffered an insufferable woman CEO for how long?

[ford barfle] 12/7/2007 18:52

Edit - Apparently this reference is to a different David Cicurel, see following posts.


At

David Cicurel

David Cicurel is French, aged 57, and graduated from "Ecole Polytechnique" and INSEAD.

He started his business life in merchant banking and moved on to managing industrial and service companies, often as a company doctor.

He has chaired three listed companies, Duc, Lamothe, Ledru SA, Continental Foods plc and International Communications & Data plc, and is familiar with the public environment. He has also had exposure to the private equity world, having taken Continental Food private in 1996.

David is a non-executive director of Dawnay, Day & co, Specialty Catalog Corp., HRA-Europe and Emailbureau.

He speaks fluent French, English and German.

[actonman] 12/7/2007 13:28

Isn't Cicurel associated in some way with Dawnay, Day, the nominated adviser to Inland?

[faxxer] 12/7/2007 12:02

something wrong with my screen today both piv and bgt storming away
looks like the 6p is history and we may see a bit of a bidding war as inl only have small percentage at mo
mmmmmmm

[coxewan] 12/7/2007 11:21

looks like 6p is the bare minimum

[sandbank] 12/7/2007 11:20

FOR SALE IN POOLE

[billbyrne] 12/7/2007 09:22

Looks like Inland specialize in buying brownfield
sites then getting planning permission then selling
the site on.

I thought that was what the company should be doing
to maximise shareholder value not selling out for
someone else to get a share of the profit that should
be the shareholders.

[hybrasil] 12/7/2007 08:39

Bought shares in inl on the strength of that rns. The poole site is a smashing one.

[speed camera] 12/7/2007 07:20

Inland PLC
12 July 2007


Press release

Inland plc

Possible cash offer for Poole Investments plc

For immediate release
12 July 2007

Inland plc announces that it is in discussions which may lead to an offer by
Inland plc for the whole of the issued share capital of Poole Investments plc.
Any such offer is currently expected to be solely for cash consideration.

A further announcement will be made in due course.

Enquiries:
Dawnay, Day Corporate Finance Ltd (Nominated adviser to Inland plc)
David Floyd Tel: [phone]

[fhmktg] 10/7/2007 10:33

All the players have been dealt their cards - who will blink first?
Interesting to find out who made the first approach.

[hybrasil] 10/7/2007 06:30

Fascinating how few shares are trading.

[arthur_lame_stocks] 08/7/2007 19:19

Maybe, but the company is up for sale so all it'll take is for somebody else to come in and make a better offer.

[buywell2] 08/7/2007 17:55

6p is derisory

9p would be a steal for the buyer

10p would be getting towards market value

12p would be nice

[fhmktg] 05/7/2007 15:17

1.5 million sold at 5p, stakes are being traded!

[hybrasil] 04/7/2007 23:38

Very-- Yes thank you skyship

[fhmktg] 04/7/2007 15:47

Latest buy is at 5.25 - another should see us tick up again?

[skyship] 04/7/2007 10:06

Hybrasil - great news I see - congratulations, a long wait but a profitable one it would seem.

[fhmktg] 04/7/2007 10:01

Telegraph mention, but only to record the annouincement - refers to PIV as a 'Tiles & ceramics manufacturer'!

Must be some competition for the assets and the £24m of accrued losses?
With Cicurel/Gallaghers and O'Reilly in the frame I expect some action.

No doubt there are some models for the site valuation on some spreadsheets, but how do we feel?

9.5 acres of mixed Industrial/ domestic, say with a 50/50 split.
Assuming apartments would be the best use at say 2500 sqft each on three levels
gives say 150 max at £0.1 million each for the land, with planning permission

£15 million

Remainder of the land at £5 million?

Total £20 million, less debt say £17 milion - rougghly 9p per share?

The £24 Million of losses should be worth Up to £5/6 million?

I would hope the final outcome should be north of 7-8p.

Any other bids?

[bodgit] 04/7/2007 09:06

Good news at last from PIV. Its not all over till the fat lady sings and I get the feeling this share now has some legs. No reference to it in the FT. Any press comment elsewhere? Good luck all.

[brendog] 03/7/2007 19:43

Just in from work to read the news - the first good news for ages. For everyone who has been holding shares in PIV or Pilkington's before, it's been a long time comming. Fingers crossed for the next few weeks.

[puffintickler] 03/7/2007 19:30

It has indeed been a long wait.

If I remember correctly back in the Pilkington's Tiles days the site was expected to be worth between "7 and 15 million". That was a long time ago but makes 6p a share look rather miserly.

[arthur_lame_stocks] 03/7/2007 19:20

hybrasil

I'm here, I saw the news earlier. I think the board have announced the offer now to try and smoke out any higher bids. I think it's a serious offer though as the price was rising some time before the news. 6p was always my target but any more would be great.