Wyatt Share Discussion Threads

[chancer6] 13/7/2007 17:00

Guardian:

Finally consultancy group Wyatt was suspended at 22p, up 3p, awaiting news of an earnings-enhancing reverse takeover, as reported here.

[chancer6] 13/7/2007 16:49

Good news out today! I expect these to open much higher when trading is resumed!

[swag2] 13/7/2007 13:44

16 weeks to complete - but the shares will be suspended only until the documentation/HoT are finalised. After all, presumably will have to be approved by us shareholders!

[johnma] 13/7/2007 13:33

Typical reverse takeovers - require around 16 weeks to complete all the necessary paperwork - ie AIM working capital requirements and due diligence. Then subject all being ok - the deal must be rubber stamped at an EGM. The fact they have suspended is not really great news because the company will issue equity to complete the deal and the price may have raced ahead the deal price.

Have a look at IOS - they are in the process of acquiring two companies however they have not suspended the stock from trading.

[tonyx] 13/7/2007 13:27

Johnma,

16 weeks-rough guess or do you know something? TIA

[currypasty] 13/7/2007 13:09

Ive held a few years, 16 weeks is no problem

[johnma] 13/7/2007 13:08

It will take at least 16 weeks to complete.

[swag2] 13/7/2007 12:04

At least there will be a valid reason for the share price to flat line for the next few weeks!

[swag2] 13/7/2007 12:03

Depends on the deal - If it is as "transformational" as the rumours, then we can probably expect buying to commence immediately when the shares resume trading.

[currypasty] 13/7/2007 11:59

seems to me alot more buys than sells over the last couple of days... i wonder if the market makers have been selling short, to buy back like previously when they slide the price back down... could be a bit of a sting, if we re-open double !

[swag2] 13/7/2007 11:58

I wonder what they mean by:

"a transformational acquisition"

Transforming WYT from a £2.7m market cap to a £xxxm market cap?

[swag2] 13/7/2007 11:53

Grammatically not correct

"remain suspended until the early of...."

[swag2] 13/7/2007 11:48

And there we have it! KERCHINGGGGGG!!!!!!!!!!!!!!!!!!!!!

[currypasty] 13/7/2007 11:46

RNS Number:2180A
Wyatt Group PLC
13 July 2007


Further to recent press speculation, Wyatt Group plc wishes to confirm that it
is in negotiations which if successfully completed would result in the company
undertaking an acquisition which would be classified under the AIM Rules as a
reverse takeover. The negotiations are at an early stage. Heads of Terms have
not yet been agreed and no formal due diligence has yet been undertaken.

In accordance with the AIM Rules, the Company's shares will now be suspended.
The Company's shares will remain suspended until the early of, the publication
of a circular in relation to the acquisition, or the termination of
negotiations.

[currypasty] 13/7/2007 11:07

reverse takeover usually means we would take control of a company bigger than us. Wyt may issue them with shares in consideration... looks like exciting times ahead !

[swag2] 13/7/2007 11:03

I guess that would be a placement to finance a "transformational acquisition" - mind you, that probably would be a good thing to increase the liquidity of shares.

[chancer6] 13/7/2007 10:46

WOW, where did you find that snippet?

[currypasty] 13/7/2007 10:40

Wyatt Group attracted support and added 3 pence to 22 amid talk that the UK consultancy services group is close to a transformational acquisition -- likely to be classified as a reverse takeover. Wyatt yesterday revealed a swing to full-year profits from losses.

[chancer6] 13/7/2007 09:48

All the delayed buys will start coming through from 10 o'clock.

[chancer6] 13/7/2007 09:19

Dont't No who Ruffer is, Sorry!

[swag2] 13/7/2007 09:18

Thanks Chancer6.

Ruffer - presumably that is director related?

[swag2] 13/7/2007 09:16

I think the MM's need to move the share price more if they want sellers!

Can I suggest 25p? ;-)

[chancer6] 13/7/2007 09:16

30-01-2007 AXA - 574,444 4.5400
30-01-2007 Ruffer LLP - 2,676,000 21.1400
29-06-2005 Robert Holt + 60,000 1,195,556 9.4000

[swag2] 13/7/2007 09:15

That's not much on a £2.7million market cap!

Outside of directors, does anyone have a breakdown of the top shareholders?