Robotic Technology Share Discussion Threads

[chrisdgb] 25/6/2009 09:49

Yes would be good to get a decent announcement shortly. I also looked to find details of the possible acquirer...nothing...if anyone reading this has any insight on the characters involved let us know..??!!

[addict] 25/6/2009 09:19

The acquirers are dragging their heels on this one-hoping for share price to drift lower?

[teelo3] 17/6/2009 13:12

Couldn't find any info on the web of our potentially tie up partner either... Wanted to see if they had a track record of doing deals like this and what their cash position was!

[addict] 16/6/2009 13:47

Dragging on a bit this deal.

[teelo3] 16/6/2009 09:53

Did anyone attend the AGM? If so any word on the deal...

[deep powder] 09/6/2009 07:49

Patience, I think the bid will be 7p cash..

[addict] 08/6/2009 11:16

Current price-buy 5.5p sell 5p
Not too inspiring....

[addict] 05/6/2009 16:31

A cash offer of anything close to 4.8p would be viewed as laughable.There are several key drivers which will affect the level at which the prospective bid will be pitched,including recovery prospects of the loan notes now fully provided for,possible utilisation of the brought forward losses,cash balances held within the group and trading prospects.Institutional holders will no doubt have done their homework...
DYOR

[teelo3] 05/6/2009 16:30

The company have 4.53p cash per share coupled with a NAV per share of 6.11p. It would have to be at a substantial premium of the cash per share to entice the board no? Wouldn't make sense any other way....?

[teelo3] 05/6/2009 15:59

Outstanding news it would seem!! A floor of 4.8p... let's hope more light is shed at the AGM...



TIDMRTS

RNS Number : 4434T
Industrial Acquisition Vehicle Ltd
05 June 2009

?


For Immediate Release
5 June 2009


Industrial Acquisition Vehicle Ltd.


Statement re: acquisition of 15,273,875 shares representing 24.50 per cent of
the issued share capital in Robotic Technology Systems plc ("the Company")


On 13 May 2009 the board of Robotic Technology Systems plc announced that the
Company was in talks which might or might not lead to an offer for the entire
issued share capital of the Company.


The Board of Industrial Acquisition Vehicle Ltd has today disclosed under the
provisions of Rule 8.1 of the City Code on Takeovers and Mergers that it has
acquired 15,273,875 ordinary shares of 1p each in the Company, representing
24.50 per cent of the issued share capital of the Company, from Automated
Controls Ltd for an aggregate value of GBP730,000 representing a price of 4.7794
pence per share.


Industrial Acquisition Vehicle Ltd is a holding company whose primary purposes
are to invest in, acquire and develop small businesses within the industrial
technology, engineering and manufacturing sectors. The Board of Industrial
Acquisition Vehicle Ltd wishes to clarify that it remains in discussions with
the Board of the Company with regard to a possible offer for the entire issued
share capital of the Company. There is however no certainty that these talks
will result in such an offer for the Company. Any offer if made will be in
cash.


ENDS

[addict] 05/6/2009 12:15

Yes-the 4.8p will be a platform from which the bid would be launched.Bidder cannot offer less than previouly acquired price for a definitive period.

[chrisdgb] 05/6/2009 12:05

Interesting announcement, looks like game on for the cash takeover offer, you wouldn't buy such a large stake if you weren't going to bid..

[chrisdgb] 03/6/2009 11:07

I wonder if that is when we get the takeover bid??

[teelo3] 03/6/2009 10:40

Anyone going to the AGM in Manchester next week??

[addict] 27/5/2009 15:29

Price would have to be right.Stake acquired for much higher share price than present even with recent uplift-opportunistic bid methinks.DYOR

[chrisdgb] 27/5/2009 15:24

Answering my own question but it is owned by Investindustrial, a European private equity player...

On balance I would suggest they are a seller, nice easy chunk for the bidder...

the management?????

[chrisdgb] 27/5/2009 14:20

Don't really know who they are..??

[addict] 27/5/2009 13:55

Anyone have a view on the motives of the 24% holder?

[l0wrdr] 18/5/2009 11:04

haha another 1 of treacle/kirstie shares that shoots up after it sells out. i might have to start buying shares after theyve been pumped and dumped by that character. guess its a bit of karma, saying that pumping and dumping doesnt work because after you sell out and move on they more often than not rise considerably. then appear the posts as if he still holds, like this one

"Kirstie79 - 14 May'09 - 21:04 - 1171 of 1174

Hit my target of 6p this morning...100% easy profit on good research."

^^^^^^^ the words of a burnt pump and dumper lol!!!

congratulations all long term holders!

[addict] 18/5/2009 11:03

No suggestions,but it's interesting that there are no signs of selling by major holders,which I read as positive.The net cash in the balance sheet must be attractive in this market.I'm in for a few.DYOR

[chrisdgb] 18/5/2009 10:32

not many people here I know but any thoughts as to the identity of a likely bidder??

industrial or a financial related asset stripper..or the management??

[chrisdgb] 15/5/2009 11:50

I would expect this to quietly tick higher, still go for the 8-9p likely bid level..

[8trade] 14/5/2009 22:38

LOL !

The above is the post of a bitter well known pump and dumper who
always sells too early and misses out on a good gain !

Never mind treacle/K79, you will learn or forever have no money
if you keep trading shares this way :-))