Pressac Share Discussion Threads

[chessman2] 19/8/2005 16:08

How interesting! Maybe my votes made the difference!!

[farsight] 19/8/2005 14:06

Following with interest.

[latestarter] 19/8/2005 07:40

doesnt jenkins make a market?

[jwcs] 19/8/2005 06:23

That's the debt down to £28m. The remaining businesses inc the debt would seem to be completely viable. Makes one wonder what the delisting was all about.

Interestingly, I tried to buy another 100k the day before delisting. I put in a limit order at the full published offer (it was a wide spread that day) but there were no takers. Thought that was a bit smelly at the time.

[lord santafe] 18/8/2005 23:09

Once could of bought these PRSC shares for under a penny before suspension. How much are they worth now?.

[jack.f] 18/8/2005 20:01

Riverlake Partners LLC plans to announce Thursday, Aug. 18, that it has acquired a majority stake in the instruments unit of U.K. auto-parts maker Pressac plc for $30 million. It's 100% stake plus another 10% on sales.

[jack.f] 18/8/2005 19:51

Decorative Division has been sold to RiverLake for approx. 18 million this is approx. 10% of Pressacs business I think its good news.

[jack.f] 16/8/2005 12:34

Jack

OK, I have sent you an e-mail you can have a look tonight.


Bill.

[jack.f] 15/8/2005 22:10

Thanks JakNife


It's been an interesting day, 3 phone calls from Adrian Shaw (PR) to say they have not received my voting form and to check which way I have voted. He then informed me it's about 50/50 and my 2.25% will make the difference, he then asked if I was prepared to have a phone conversation with Woodwark and Brown. Shortly after Richard Brown (KPMG) phoned to arrange a time for us to talk.


I have voted with Union but Woodwark wants me to change and I have till 12 noon on Wednesday or go to the EGM.


I am trying to rearrange as much as possible to come to the EGM but will not know until Wednesday. I think Woodwark will make an announcement on Friday with reference to the Decorative Division. They have complained to the IC, saying the article is not accurate and for not asking for Pressacs side of the storey.

[jack.f] 14/8/2005 23:33

JakNife

I will not get to the EGM however I have voted my 2 million shares in favour of Union. I will consider myself lucky to see 10p a share back but still hoping for 5p plus which ever way it goes at the EGM.

[jack.f] 12/8/2005 08:04

Cheer JakNife, I will vote with Union, however I am still not sure if I will make the EGM but will let you know.

[jwcs] 12/8/2005 01:56

Thanks for that JakNife. In the absence of any new information, Unicorn get my vote.