Stylo Share Discussion Threads

[ursus] 16/10/2003 09:46

are you a foot fetishist, freddy?

[argy2] 16/10/2003 08:51

Another winner ydderF?

[niggle] 16/10/2003 08:47

Looks like you'll be able to buy all you want. I will hold for the long term.

[ydderf] 09/10/2003 13:59

keep 'em coming please, muppet sellers, i can take all you've got!

[ydderf] 09/10/2003 12:50

although I've got the hoover out, the bag's not full yet - tally ho!!!!!!!

[ydderf] 08/10/2003 15:07

luvverrrlllyy grub :) lolololololol

[guro11] 23/6/2003 20:09

One i getting £1 of assets for 42p.
But if profits picked up that would be a bonus.
CH.

[initiate] 30/4/2003 17:08

P.S. Any idea who Andrew Perloff is ? He bought 2.4 millions shares the other day at 25.5p - building a stake for a takeover - or just insider trading ? Will he be selling them now at 35p ?

[initiate] 30/4/2003 17:02

Hi niggle - just thought I'd post to stop you talking to yourself ! I know nothing about STYL - just checking them out because of the rise and good results today, do you have an opinion on where they might go from here ?

[niggle] 30/4/2003 09:22

At last!, fantastic news. Stylo has become a profitable company and will now be subject to normal valuations. With an asset base of over £1 and the recent purchase of Shelly's my original optimism may be well founded. Glad I held on to all my shares now.

[niggle] 07/4/2003 10:47

RNS Number:7011J
Stylo PLC
07 April 2003



Stylo plc

Acquisition of Shellys Shoes Limited


For immediate release


7 April 2003


The board of Stylo plc ("the Company") announces the purchase on Friday 4th
April 2003 of the entire issued share capital of Shellys Shoes Limited
("Shellys") ("the Acquisition") for a total consideration of #1.5 million
payable in cash.


The Company has paid Shellys shareholders #750,000 in cash, with the remaining
deferred element of consideration being satisfied in cash on the first
anniversary of completion of the Acquisition.


Shellys is a shoe retailer with 11 outlets, predominantly in London but with
representation in the Midlands, the North of England and Scotland. Shellys is a
leading-edge designer and retailer of fashion footwear with an excellent
reputation amongst its customers. In its most recent audited accounts for the
year ended 30 June 2002, Shellys recorded losses before tax of #2.4 million
(2001: #1.1 million) on sales of #21.5 million (2001: #23.3 million) and with
net assets of #3.7 million (2001: #6.0 million).


This acquisition represents an excellent opportunity for the Company to
reinforce its position as a leading retailer of fashionable footwear, bringing
an aspirational design-led business alongside the already successful footwear
chains of Barratts and PriceLess.


Following the Acquisition, the Company intends to retain Shellys as a separate
business, investing in its future development.


The initial cash consideration will be financed out of existing facilities from
the Company's existing bankers on normal commercial terms. Additional borrowings
will be available to fund Shellys' working capital requirements.


Mr. S Robbins, Managing Director of Shellys and certain other directors of
Shellys have entered into restrictive covenants not to be involved in a
competing business within the United Kingdom and not to solicit or interfere
with any suppliers, clients or employees of the Company following the
Acquisition in each case for a period of two years following completion.


Michael Ziff, Executive Chairman of Stylo plc, said:

"This is an exciting opportunity for Stylo plc to strengthen its position within
the fashion footwear market and gain access to an established design capability.
Our intention is to continue the work already started by management to develop
the Shellys brand and to restore the business to profitability."


Shelly Robbins, Managing Director of Shellys, commented:

"I look forward to working with Stylo to build on the undoubted strength of the
Shellys brand and complement the existing chains managed by Stylo."


Enquiries


Stylo plc

Michael Ziff

John Weaving Tel: [phone]



Dawnay, Day Corporate Finance Limited

David Floyd Tel: [phone]

Good for Stylo. The more fashion information they get the better for them Shelly sells a high proportion of brands and designs its own ranges. Good for the Sylo business if they can make it profitable.

[niggle] 28/1/2003 09:28

Another buy back. I wonder what the results will reveal?

[niggle] 29/11/2002 11:22

we got the tender documnet and they are buying 13.9% of the shares at 45p, told you I had not read it fully!

[niggle] 20/11/2002 00:07

We are guaranteed 45p so not much to discuss and the price rise is artbitrary

[ljhc] 19/11/2002 16:57

Up to 8m shares will be tendered for at 45p, of the (I think) 57m in issue. So not every share for every shareholder will be tendered at 45p. I thought long and hard about investing but I think today's price pretty much incorporates that with the existing awful 5p spread.

[niggle] 19/11/2002 14:31

I haven't studied the tender offer but maybe you have to have held them since a certain point in time? Why they should rise now is anyones guess as the equity will effectively be diluted???

[addict] 19/11/2002 13:02

niggle,
that's how I see it...but why available @38p offer in the market?

[addict] 19/11/2002 11:12

Tender offer goes unnoticed,apart from a hefty mark up.Any views,anyone?

[cda] 30/8/2002 11:30

lets have some response to todays announcement! what does it mean to share holders

[niggle] 23/8/2002 09:48

Shares are 30p to sell (market price). I get 10p per share special dividend and 45p per share if I want to take part in the capital reduction. So the shares are worth 55p if I want to get rid of them. Seems like a fair offer?

Any thoughts out there?

[niggle] 23/8/2002 09:45

Shares are 30p to sell (market price). I get 10p per share special dividend and 45p per share if I want to take part in the capital reduction. So the shares are worth 55p if I want to get rid of them. Seems like a fair offer?

Any thoughts out there?