Thirdforce Share Discussion Threads

[phuckerty] 15/10/2007 19:38

Hi
I can`t help wondering why the chairman would spend over half a million pounds buying stock in this company, what does he know?
Regards

[phuckerty] 13/10/2007 15:10

Hi
Looks like money down the drain. This still looks like a pile of sh.t

[charlie11908] 12/10/2007 09:48

The man's appetite for his own company's shares is insatiable!!!

ThirdForce PLC
("ThirdForce" or the "Company")

12 October 2007


The Board of ThirdForce announces that Pat McDonagh, chairman, has today
purchased 1,731,997 ordinary shares in the Company at a price of Eur0.175.

Following this transaction, Mr McDonagh is now interested in 47,762,352 ordinary
shares, representing approximately 18.80 per cent of the Company's total issued
share capital.

[charlie11908] 09/10/2007 12:57

itansey....I though that for a long long time....
now?....I'm not so sure!!!

[charlie11908] 04/10/2007 16:51

Moneybags in Phoenix has done it again....
highlighted THF as a buy for the 6th time in the last 3 years!!!

Caveat Emptor!!!

[itansey] 01/10/2007 21:38

you'd be crazy to invest in this company, dead money

[charlie11908] 28/9/2007 19:13

Well at least one director recently on board,
is share friendly....
That was some buy.....

[charlie11908] 27/9/2007 20:02

This company keeps claiming to be a future moneymaker
but they don't seem to care about the share price,

Just my opinion.....

[charlie11908] 24/9/2007 11:55

Article in Sunday Times highlighted the move by the Indo into
private education.......suggested that they had deep pockets for this strategy
but in the same breath pointed to a market with low margins and limited expansion......Made me wonder if they had eyes for a more global approach?

Meanwhile this crowd reported 12/9 last year and no sign of
anything nearly a month late.

[charlie11908] 10/8/2007 08:32

Hurry up!!!!!

[charlie11908] 10/8/2007 07:46

....!!!!!!!!!!!!!!!
Sub prime scaters all the CFD's

Caveat Emptor!!!

[itansey] 07/8/2007 22:20

dog of a stock. won't touch it with a barge pole.

[charlie11908] 17/7/2007 10:25

Riverdeep to pay $4.0bn for US publisher

Tuesday, 17th July 2007 06.34am



Houghton Mifflin Riverdeep Group, the Irish-based educational software firm, is to buy Reed Elsevier's Harcourt US Schools Education business to for USD4.0 billion, with 3.7 billion payable in cash and 0.3 billion in Houghton Mifflin common stock.

On completion Reed said it will be returning the net proceeds to shareholders via a special dividend. This will be followed by a share consolidation, it said.

Reed said it has now agreed the sale of all of its Harcourt division for total gross proceeds of USD4.95 billion, representing 20.8 times 2006 adjusted operating profit. It has already announced the sale of Harcourt Assessment and Harcourt Education International to Pearson plc

expects to complete the sale of the US Schools Education businesses by the first half of 2008 following US regulatory review.

In 2006, the Harcourt Education division reported 2006 total revenues of USD1.6 billion and adjusted operating profits, before the amortisation of acquired intangible assets, of USD238 million, of which the Harcourt US Schools Education business contributed USD1.11 billion and 228 million respectively.

Chief executive officer Sir Crispin Davis said that following the sale, Reed Elsevier will be a sharper and more focused company.

'With our leading brands and authoritative content, we are well positioned to maximise the digital opportunities in our chosen markets

[charlie11908] 17/7/2007 09:07

HM Riverdeep, the company formed following the acquisition of Houghton Mifflin
by Riverdeep Group last year, has announced the acquisition of the Harcourt US
Schools Education business from Reed Elsevier for a total consideration of $4.0bn.
The Harcourt business is forecast to generate over $1.1bn in revenues and
approximately $350m in EBITDA (pre-plate) and $250m (post-plate) in 2007. This
implies a multiple of 11.4 times EBITDA (pre-plate) and 16.0 times (post-plate),
broadly in line with recent transactions in the space.
We believe, however, that there are significant synergies to be derived from the
combined businesses which will lower the effective acquisition multiple.
Combined, the two businesses will have revenues of over $2.7bn based on our
2007 forecasts for HM Riverdeep and pre-plate EBITDA of $875m (post-plate
$670-680m).
With a cost base approaching $2bn, it is not inconceivable that synergies of $100-
200m could be achieved. This would raise pro-forma EBITDA to $975-1075m.
Applying a multiple of 11 times to these synergies implies value creation of $1.1-
2.2bn for shareholders.
This is an excellent deal for existing HM Riverdeep shareholders. With the deal
being largely funded by debt, most of the potential synergy gains will accrue to
existing HM Riverdeep shareholders.
Of the $4bn consideration, there could be up to $600m in new equity (including
Reed Elsevier's 11.3% stake in the new group). This, combined with the existing
$2.0bn equity value in HM Riverdeep, implies a total equity investment of about
$2.6bn. Pro-forma debt will be about $7.4bn.
Applying a multiple of 11 times to $1bn in EBITDA implies an EV of $11bn or an
equity value of $3.6bn – almost 40% above the current equity value.
HM Riverdeep
Acquires Harcourt US Schools
Education business for $4.0bn;
combined EBITDA now almost
$1bn
Barry Dixon
[phone]
[e-mail]

[charlie11908] 17/7/2007 08:09

Now who do we dig out of the answer as to what were the "factors specific
to them?"

[charlie11908] 17/7/2007 08:09

there's a change....BOS actually showing some concern for shareholders,
between results dates......aaaaymazing!!!!

Thirdforce Merger Update


RNS Number:3462A
Thirdforce PLC
17 July 2007


ThirdForce PLC ("ThirdForce" or the "Company")

The original ThirdForce operations continue to perform to
our expectations and recent profit warnings from Carter & Carter plc and Huveaux
plc were, in our opinion, due to factors specific to them which have no direct
implications for us.

[charlie11908] 13/7/2007 20:10

I'd like to read it too?

Please post the Techinvest article??

Pleeeeease???

[itansey] 24/6/2007 11:20

Thirdforce sets sights on the US

24 June 2007 By Emma Kennedy, Sunday Business Post

After completing its fourth acquisition in four years earlier this week, e-learning company Thirdforce has its sights set on growing its market share in the US.

Thirdforce announced last Monday that its acquisition of US e-learning company MindLeaders had received shareholder approval. The deal valued the Ohio based company at $18 million.

A move into the US market has been a long time brewing. The company's chief executive, Brendan O'Sullivan, said: ''It has always been part of the plan to move into the US market once the business was big enough." He said that Thirdforce had spent a long time exploring the possibilities.

O'Sullivan said that Thirdforce was a ''re-invented company'', having grown out of Dublin-based technology company, Rapid Technology.

Four years on, a name change later and with four new companies in its fold, Thirdforce is hoping to gain market share in the US and use the newly recruited MindLeaders Corporation as a springboard into the US market for its existing product range.

O'Sullivan said that the company changed direction four years ago, opting to move into the e-learning market.

The first of its four acquisitions came in 2003, when it bought e-learning company Electric Paper for €15.5 million, marking a clear change in direction. One year later, it acquired digital television production company AV Edge for €515,000.

The company further diversified its range of products and services when it acquired Creative Learning Media (CLM)in 2005.

O'Sullivan said that the acquisition of CLM, a supplier of e-learning programmes for the catering, hospitality, retail and care sectors, brought Thirdforce into a new market space.

Thirdforce's chairman Pat McDonagh is no stranger to the e-learning space, with educational software company Riverdeep and Skillsoft, formerly known as Smartforce, also part of his stable.

McDonagh andO'Sullivan have guided Thirdforce through its transitional period over the last four years. The company now employs 240 staff worldwide, with 110 of these employed by MindLeaders.

About 75o f the group's staff are based in Ireland with the remainder split between the UK, Canada and Australia. It had revenues of €16.5m illion last year, up from €12.5 million in 2005.

O'Sullivan said that 77 per cent of the company's business is conducted in the UK, the world's second largest e-learning market.

He said that he hoped to grow the proportion of the company's business conducted in the largest e-learning market in the world - the US.

This will be aided by the 850 strong customer network of the newly acquired MindLeaders.

Earlier this week, a number of shareholders disposed of their holding in Thirdforce.

Chairman Pat McDonagh acquired some of the disposed shares, to bring his total stake in the company to just under 17 per cent. Meanwhile One51 Capital, the Philip Lynch lead group, acquired 3.12 per cent of the company's total issued share capital.

[charlie11908] 23/6/2007 21:16

Indo reports 151 Capital building a stake!!!

[charlie11908] 21/6/2007 10:18

Well the dominancy of a single shareholder is gone!!!

I would love to know the value of the enlarged company
post merger now that we have 254 million shares at issue?

I hasten to add the last time PM got involved with CBT
at £3 old Irish squids, he sold it for £300 million when it
became Riverdeep....£30 squids a share!!!!

Everything is possible....but one thing is for certain
the price won't be in pennies when the dust has settled!!!!

Caveat Emptor!!!!

[slash2005] 19/6/2007 00:12

that was announced indircetly at the time on the merger deal
onwards and upwards !!

[andyv] 18/6/2007 14:12

News today must be good for liquidity, in for long term

[charlie11908] 18/6/2007 14:01

I see Pat McDonagh's share has been reduced to around 18%.....
very healthy....would you agree?