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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Skiddaw | LSE:SKW | London | Ordinary Share | KYG8184J1022 | ORD SHS USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | - | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
30/4/2004 15:19 | or bing crosby ? | macroeconomic | |
30/4/2004 15:18 | stephen fry ? | macroeconomic | |
30/4/2004 15:17 | this bank deal should get some publicity once it changes name from skids to crosby.hopefully mr fry has a good city following. | beg bitch beg | |
30/4/2004 15:14 | 30p here we come ! | macroeconomic | |
30/4/2004 15:10 | Got in yesterday following the reinstatement of the shares, this deal looks excellent and these shares could really start to motor fingers x | the shuffle man | |
30/4/2004 14:14 | DEAL WITH CROSBY ALL BUT DONE.COMPANY NOW HAS EXCELLANT EXPOSURE TO DYNAMIC PACIFIC RIM.WITH SEVERAL SENIOR EX NOMURA DIRECTORS NOW IN CHARGE THIS COMPANY SHOULD PROVIDE SHAREHOLDERS WITH AN EXCITING FUTURE | beg bitch beg | |
26/3/2004 17:03 | RNS Number:0059X Skiddaw Capital Inc 26 March 2004 ANNOUNCEMENT SKIDDAW CAPITAL INC Further to the suspension of trading in its securities on 24 March 2004, Skiddaw Capital Inc(Skiddaw) announces that it has entered into a conditional memorandum of understanding to acquire Crosby Capital Partners (Holdings) Limited (Transaction). The proposed Transaction would be a reverse takeover for Skiddaw under the AIM rules. Crosby Capital Partners (Holdings) Limited (Crosby) is engaged in cross border investment banking and asset management, and trades principally out of Hong Kong. Crosby is a wholly owned subsidiary of Techpacific Capital Limited (Techpacific), a company listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited (GEM). As required by the GEM Listing Rules, Techpacific has announced the Transaction. Accordingly Skiddaw is making this announcement even though the Transaction wouldnot normally be announceable under the AIM rules at this early stage because of the nature of the conditions attaching to the Transaction, such as the parties being satisfied with due diligence and agreeing the terms of a sale and purchase agreement.The Transaction will be subject to the prior approval of the shareholders of both Skiddaw and Techpacific. The Transaction Skiddaw and Techpacific have entered into a conditional memorandum of understanding pursuant to which: *Skiddaw will acquire Crosby in consideration of the issue to Techpacific of 200,000,000 new ordinary shares of one cent each in Skiddaw, which would give Techpacific an 88.89 per cent. shareholding in Skiddaw after the acquisition but before the placing referred to below. At the placing price of 12p the price to be paid for Crosby is #24,000,000; *Skiddaw will, at the same time, seek to raise between #600,000 and #1,200,000 by way of a placing at 12p per share (Placing). Skiddaw already has commitments from shareholders to purchase #600,000 worth of new shares in the Placing; *Techpacific will, depending on the size of the Placing, own between 85.11 per cent. and 86.96 per cent. of Skiddaw's enlarged issuedshare capital following the Placing; *Skiddaw will seek shareholder approval to change its name to Crosby Capital Partners, Inc. The Transaction is consistent with Skiddaw's stated investment strategy. Conditions precedent It isemphasised that the Transaction is conditional upon various conditions precedent being met and that the Transaction therefore may or may not proceed. Completion of the Transaction is conditional upon the following conditions, among others: 1.Techpacific demonstrating that, as at 17 March 2004, Crosby (and its group) had a minimum of US$5,000,000 (five million dollars) of cash or cash equivalents, net of any liability to Techpacific or any other creditor under Techpacific's ownership orcontrol. 2. Skiddaw demonstrating that, as at the latest practicable date prior to the completion of the Transaction but before the completion of the Placing, Skiddaw has a minimum of US$1,500,000 (one million five hundred thousand dollars)of cash or cash equivalents, net of any liability to any creditor. 3. There having been, immediately prior to completion of the Transaction, no material adverse change in the financial position of Crosby. 4. The obtaining of all such regulatory and other approvals or consents as may be necessary to complete the Transaction, including but not limited to that of GEM and AIM, including approval of the Transaction by the shareholders of Skiddaw and Techpacific and re-admission of the enlarged share capital of Skiddaw to AIM. 5. Each party conducting, and being satisfied with, its due diligence enquiries in respect of the other party. 6. No breach by either party of its obligations in respect of certain prohibited activities prior to completion of the Transaction, as set out in an attachment to the memorandum of understanding. 7. The signing of a mutually satisfactory sale and purchase agreement containing, among other things, such provisions, covenants,warranties and indemnities as are appropriate to the Transaction. Information on Crosby Crosby has three broad areas of activity: * an investment banking operation that includes: o a China and Greater China focused corporatefinance business that concentrates primarily on the mid-cap area of the private sector in China; o a cross border corporate finance team that provides mergers and acquisitions and fund raising services for corporations in Asia (excluding China); and o a business in which Crosby makes investments using its own capital or interests acquired in the form of in-kind success-based commissions. *a small international distribution team operating from London and Hong Kong marketing placements to Middle Eastern, Asian and European markets; and *an asset management operation with assets under management of US$360 million. Timetable Skiddaw is conducting its legal and accounting due diligence and, if satisfied with that process, intends to finalise a sale and purchase agreement and dispatch a circular to shareholders in April 2004 conveningan extraordinary general meeting to consider and, if thought fit, approve the Transaction. This information is provided by RNS The company news service from the London Stock Exchange | wole | |
16/3/2004 05:06 | fitehills it looks like it's just you and me for now! Could you expand on the "track record of the main players" please? TIA,Bittorrent. | bittorrent | |
15/3/2004 13:00 | Mentioned in the Sunday Tel Or Times cannot remmember which as a shell co along with a number of shells who would take over others.Also mentioned in IC,quite a good write up.So how long to the takeover announcement? Given the rise on the first day the announcement when it comes should be good.Shares being held very tight.I loaded up last week following the track record of the main players. Anyone got any ideas? | fitehills | |
10/3/2004 11:12 | "T" trade for 96700 shares at the full offer today-somebody wants them. | bittorrent | |
10/3/2004 10:09 | Can someone list the lines and prospects of these Asian markets? Thanks. | ppowerscourt | |
09/3/2004 20:04 | If this has a second day like Reflexion(RFX),which floated yesterday I will be happy! :-) | masako | |
09/3/2004 13:01 | Anybody else got into this one? From The Telegraph 7/3/04 "Skiddaw set to climb Back in October we advised readers to buy shares in Canisp, an Aim-listed "mini-Centrica" that sells a range of telecoms services to small and medium sized businesses, when they stood at 27.5p. They closed last week at 58p after the company announced that it had signed a new customer. The investors behind Canisp (which was originally a shell company) will bring Skiddaw Capital Inc, a new Aim-listed vehicle, to the market this week. Like Canisp the company will be chaired by John Leat, who managed the business and personal affairs of the Maktoum dynasty (the ruling family of Dubai) until 2001. Skiddaw, which will list its shares at 6p, is planning to acquire firms operating in the investment banking and fund management sectors and will largely focus on the Asian market. Shell companies are not without their risks, but given the success of Canisp, readers may be tempted to take a punt on Skiddaw. Buy." | bittorrent |
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