WIN Plc Share Discussion Threads

[goonertone] 25/6/2010 14:49

I read that they have 30% so they need another 21% to make it unconditional. Is that correct.

[spectoacc] 25/6/2010 14:01

Detail re the above:

"In aggregate, IMImobile Europe has therefore received irrevocable undertakings
and letters of intent to accept the Offer (or to procure that another person
accepts the Offer) in respect of a total of 3,008,336 WIN Shares, representing
approximately 28.56 per cent. of the existing issued share capital of WIN and
29.26 per cent. of WIN Shares to which the Offer relates and is interested in a
further 250,000 WIN Shares, representing 2.37 per cent. of the existing issued
share capital of WIN. "

And:

"The Offer is conditional, inter alia, on acceptances being received so that,
following the Offer becoming or being declared unconditional in all respects,
IMImobile Europe will hold WIN Shares carrying more than 50 per cent. of the
votes exercisable at general meetings of WIN."

[spectoacc] 25/6/2010 13:59

Board irrevocably accepted, & looks like they've gone for a 50% acceptance level, so ISIS can't block it.

Can they entice a better bid? Otherwise it's going for 141p.

[goonertone] 25/6/2010 13:11

ISIS and Oxygen8 aren not going to want to accept which is 28%+ of the shares so where does that leave it?

If the board think this is a fair offer they can see something I can't as the growth both at WIN and the mobile content market as a whole is just getting to a point to grow now that the handsets and bandwidth are in mass circulation.


Dissapointed thought the management had more aspirations than a quick/cheap takeover.


GT

[spectoacc] 25/6/2010 12:24

Looks like 141p it is; unless a counter-bidder appears.

[goonertone] 10/6/2010 10:46

Nice staement from Isis this morning saying they do not beleive that the offer as it stands reflects the true value of the company and they will not be accepting at this level.
This looks like WIN using the biggest shareholder to issue a subtle , 141p isnt going to cut the mustard message.

GT

[goonertone] 27/5/2010 17:35

Well Guy Thomas seems to think that their is a deal to be done. He's added 75000 shares over the last 3 days and now has 135,000.

Have no idea who he is but seems to have an appeptite for these for some reason.

[backwoodsman] 14/5/2010 12:19

Why hasn't this fared like Velti [VEL]?

[goonertone] 07/5/2010 09:07

Interesting article from a few days ago but I see that the lemmings are at play today so probably no interest in what the future may hold for the co.

GT

[value viper] 03/5/2010 19:48

oxygen8 got a stake not that long back - i think we'll hear from them.
interesting to see AXA (the largest shareholder) is happy to go with the current deal UNLESS something better emerges.

[backwoodsman] 30/4/2010 12:43

I bought at the top of the spike in March! £1.41 seems a steal to me; let's hope another interested party comes to play.

[goonertone] 30/4/2010 11:37

Adam

Not defending anyone here but I cant recall it ever being £5, I wouldn't consider Graham Rivers salary as fat cat and has he recommended selling????

GT

[adam] 30/4/2010 10:04

I think should be sold for £5. I never bought many of these because the CEO was on such a fat salary and didn't hold any shares. Now since 2005 the share price has been on the decline from £5 and he agrees to recommend selling the company at a fire-sale price! Makes you wonder if someone is getting a nice golden parachute or job offer. This is why it is important for CEOs to have meaningful stakes in the companies they run.

[goonertone] 30/4/2010 08:20

Offer values company at £15 million. As things stand currently I would take £1.65. Will wait for developments.

GT

[goonertone] 30/4/2010 08:16

RNS Number : 0940L
WIN plc
30 April 2010

?


FOR IMMEDIATE RELEASE
30 April 2010

This is an announcement falling under Rule 2.4 of the City Code on Takeovers and
Mergers (the "Code") and does not constitute an announcement of a firm intention
to make an offer or to pursue any other transaction under Rule 2.5 of the Code.
Accordingly, WIN plc shareholders are advised that there can be no certainty
that a formal offer for WIN will be forthcoming, even in the event that the
pre-conditions in this announcement are satisfied or waived.

WIN plc
("WIN" or the "Company")
Potential Offer

The Board of WIN announces that it is in discussions with IMImobile ("IMI")
which may lead to a recommended cash offer by IMI for the Company at a proposed
price of 141p per WIN ordinary share (the "Potential Offer"). The offer price
has been included in the announcement with the consent of IMI.

IMI owns 250,000 WIN ordinary shares through a wholly-owned subsidiary,
representing approximately 2.37 per cent. of WIN's issued share capital. In
addition, IMI has procured an irrevocable undertaking from AXA IM UK in respect
of its holding of 1,955,000 WIN ordinary shares (representing approximately
18.56 per cent. of WIN's issued ordinary share capital) to accept an offer by
IMI for WIN, should it be made, at 141p per WIN ordinary share (the "AXA
Irrevocable"). The AXA Irrevocable will cease to be binding in the event that an
offer is not announced before 30 June 2010 or a third party makes a higher offer
for the Company provided that the value of the consideration represents an
improvement of at least 5 per cent. in the value of the consideration under the
Potential Offer.

The Potential Offer is at an early stage and is subject to a number of
pre-conditions (which IMI reserves the right to waive) including, the completion
of satisfactory due diligence by IMI on WIN. The Board of WIN has agreed to
allow IMI access to the Company and its management to facilitate IMI's limited
due diligence.

There can be no certainty that the Potential Offer will be made, even if due
diligence is completed satisfactorily. Accordingly, in relation to this
announcement, shareholders are advised to take no action in relation to their
shareholdings in the Company. A further announcement will be made in due course
as appropriate

[value viper] 30/4/2010 07:57

well done gooner - agreed, looking for oxygen 8 now ? 141 way too low imho - NRI

[goonertone] 30/4/2010 07:50

Preliminary offer received at 141p

Bit of a steal in my opinion if they get it away at that price and what will Oxygen8 do. Think I will wait a while on this and see if we can find out what oXygen8 intend to do.

GT

[value viper] 26/4/2010 09:53

looks like the mm's are walking it down on zip volume - trying to draw a seller or two out I figure. can't really see why it should be weakening - watching for a turn up on the price.

[nfs] 21/4/2010 11:39

I just bought in after seeing the strong results,cash in the bank,paying a dividend,growth areas.............and a strong buy note out this week

[goonertone] 17/3/2010 10:37

Graham Rivers sees Company pushing into Asia in second half of year

[goonertone] 16/3/2010 08:25

Haven't been able to open the old thread so thought I'd start a new one.

[goonertone] 16/3/2010 08:23

After several years spent refocusing the business from the high volume low margin premium rate sms business to its new higher margin managed service and enterprise business WIN PLC finally appears to be ready to move forward with its long term vision. The opening extract from the final results for December 2009:

"Underlying profit before tax* for the year of GBP1.5m exceeded forecasts, with
revenue up 10%. This was despite the difficult economic conditions of last
year's recession. WIN has a strong balance sheet with no debt and cash at year
end of GBP3.1m supporting increased investment. The final dividend has been
increased by 10%."

The company now has the infrastructure, products and sales force to kick on from a position of financial strength to increase sales and profits at a rapid pace.

Valued at just £12 million. The company has no debt, cash in the bank and agreements in place with a host of blue chip clients and new deals being made across Europe and into Asia. With profits likely to hit £3 million within the next 2-3 years at the most this sits on a forward multiple of just 4.

[penpont] 16/3/2010 08:22

Results read well. Will be interested to see upgraded forecasts. A 150p target would seem achievable med term here.

[borchardt] 10/3/2010 10:05

another tick up today ahead of results