Capital Management Share Discussion Threads

[tonyrelaxes] 30/6/2016 14:16

I had a phone call yesterday from someone sounding out if I might be interested in selling for up to £16 to £18 per share.

They said someone is seeking to gain a majority holding and has already got over 40% pledges from institutions and are now turning to private investors to buy enough to take it to 51%.

I dismissed it as a time wasting/scam call.

[russman] 31/10/2015 01:41

ASH has been written down to £3m.
There has been no point being listed for years.
Cash is about the only thing the BoD can value.

[jimbob17] 02/10/2014 15:00

These have fallen back a long way.

By my reckoning, Nav is around £3.50 and £1 per share is cash.

Any views please ?

[linhur] 30/1/2014 23:40

who sold the shares? good to see IPO on horizon for Algeco Scotsman

[catandcrow] 30/1/2014 20:53

Resolution takes a 25% stake - - wonder if Clive Cowdery has any involvement?

Mark Kleinman reports Algeco Scotsman to IPO end of 2014 with equity value of £1600m - hxxp://news.sky.com/story/1194347/4bn-uk-owned-construction-group-eyes-float

[linhur] 23/10/2013 11:02

See Interims are out. No changes. PIK is £6.88m for CIM which Company has received and lent back to ASH. ASH to have capital restructure in Jan 2014 followed by a capital return. No increase in ASH value.

[russman] 15/10/2013 00:15

Interims should be out next week. What will the BoD decide to keep this gravy boat afloat?

[linhur] 27/9/2013 10:35

Thank you Russman. I had forgotten about Mid Ocean

[russman] 26/9/2013 23:06

It may be a coincidence but their largest shareholder shares the same PO Box address.

[linhur] 26/9/2013 16:07

Anyone know who Liam Holdings Investment Limited is other than a jersey nominee company? Must be sell declarations to come?

[russman] 13/8/2013 18:44

Perhaps the lucre has arrived or a plan of action what to do with it.

[rambutan2] 16/5/2013 01:50

Capital Management & Investment plc announces that on 14 May 2013,
Algeco Scostman Holdings (ASH) through a newly-formed wholly-owned
subsidiary, Algeco Scotsman PIK S.A., completed a $400 million
payment-in-kind debt ("PIK Debt") loan agreement intended to fund a
partial redemption of capital, net of transaction fees and expenses, to
ASH's shareholders (the "Redemption of Capital").

The PIK Debt bears interest at a rate equal to 15.75% per annum (or 15%
per annum to the extent paid in cash) and matures in May 2018 and is
mandatorily pre-payable with the proceeds of certain offerings or other
sales of equity and upon the occurrence of a change of control
transaction.

The Redemption of Capital is expected to take place during the next 6
months and the Company expects to receive EUR7.8 million.



So, on a non dilutive basis that's approx 91p per share coming back to CMIP. Wonder if management will pay out any of it?

[russman] 12/5/2013 20:32

Buying 10k @ 90p is not a shot in the dark.

[librag] 10/5/2013 12:19

This board is getting busy ... 2 posts in 3 days.
Any idea why the rise today?

[russman] 08/5/2013 20:18

1st May 2013: Algeco Scotsman $400m PIK debt issuance "is intended to fund a partial redemption of capital, net of transaction fees and expenses, to ASH's shareholders."

[librag] 09/3/2013 22:31

Somethings' brewing. Lensl (iii) the only one posting. I'm in for the long haul, just by the charts ... 80/130/230/300/440/620 ... it's taken a while but now in small profit already.

[russman] 17/2/2013 13:45

Target merger: "The valuation of the stock consideration for the transaction implies an Algeco enterprise value of approximately $6.0 billion.". Even if debt ratio is 300%, there would appear to be significant equity to be released in a successful IPO.

[linhur] 09/1/2013 18:36

Hi ram

Ausco has been absorbed and the debt goes through the roof, now might be the time to look at CMIP as a UK play on Algeco. Although Scotswood was bought at the top of the market in 2007 it still has a leading role in the US market for mobile sheds and the construction market in the US looks as though it has bottomed.Pity the stake in Algeco-Ristretto was diluted with the rollover of the debt last time, however still have 6.7% which might produce some return at some point.

regards
Linhur

[rambutan2] 19/7/2011 01:06

Hi Linhur,

Potential prob is how CMIP going to fund its share, if it comes down to that. At current share price would mean big dilution for any shareholders not participating, that's if concert party et al prepared to cough up. But if don't, then CMIP's share of Algeco gets diluted. Hmmm...

[linhur] 18/7/2011 23:25

Interesting possible expansion into Asia Pacific with potential purchase of Ausco in Australia.Looks as though Algeco Scotsman has maintained its global presence through the financial crisis.

[russman] 26/4/2011 23:31

Maybe there is life in the old dog. Alegco (Elliott) buying Speedy(Hire)Space.

[linhur] 20/1/2011 10:48

Interesting update regarding Georgia.The holding co for Yola has come out of Chapter 11 so a deal must have been done with the creditors.

[catandcrow] 15/12/2010 11:05

could be interesting - lots of leverage.

[hugepants] 07/7/2010 15:50

Any ideas why the drop? Now at 50% of the placing price and recent buyback price.
Market cap is £5.4M but should have £4M in cash and 6.5% of Alegco

[linhur] 09/4/2010 08:45

LBO

As you post on this thread, I assume you have an interest in CMI.
The current fund raising looks interesting.With cash of £4.57m and 250m shares in issue, that gives 1.8p. The 1% ASH investment is valued at c £1m and Yola might be worth £0.5m, so investments worth 0.6p and the total company worth 2.5p.
The new fund raising should raise the stake in ASH to 7% by end of 2010. On economic recovery ASH could eventually be worth €1bn, so 7% is €70m (£60m).If total amount is raised in share placing etc, there will be c 7m new shares in issue giving a value of 850p in 3-5 years time against an estimate of 150-200p after consolidation.
Any thoughts?

kind regards
Linhur