Thirdforce Share Discussion Threads

[knickers2] 13/1/2010 15:42

aNY CONNECTIONS HERE?

EMPG says in talks over Houghton Mifflin
Wednesday, 13th January 2010 02.43pm

Educational media company EMPG, formerly Riverdeep and the owners of Houghton Mifflin Harcourt, has confirmed it is in discussions which will result in 'comprehensive' financial restructuring.

Earlier this afternoon, Fine Gael TD, George Lee, said that Houghton Mifflin Harcourt has failed and that a number of Irish equity investors have lost significant sums of money as a result.

"Many of these investors were funded through large loans from Anglo Irish Bank, which is now wholly owned by Irish taxpayers. As a company, Houghton Mifflin Harcourt was a highly leveraged operation and had very significant banking commitments. I understand that the remaining US business is to be transferred to its bond holders. However, it appears that its Irish equity investors will lose all of their investment as a result of this failure. This will have repercussions for Anglo Irish Bank, and possibly other Irish banks, and therefore the Irish taxpayer," he said.

According to RTE this afternoon, stockbroking company Davy has been in touch with a number of investors informing them that their equity has been wiped out.

Houghton Mifflin Harcourt supplied educational resources to a number of US States. However, demand for Houghton Mifflin Harcourt's products has fallen as a result of the recession.

[craffert] 05/1/2010 19:09

lights out - Learnvantage wins the day....no doubt we will all have to endure it listing on nasdaq in 2012 with a $250mn market cap.

[phuckerty] 09/11/2009 18:45

Hi
New bid has now emerged.
What do you think?
Regards

[knickers2] 23/10/2009 07:04

Any of you guys still holding these shares?

[knickers2] 03/9/2009 11:36

Hi Lads,

Saw this?



Interesting?

[knickers2] 19/8/2009 10:26

The offer of 10.5 cents is really a third less because the company has
7-8 million in cash

[8trade] 19/8/2009 08:46

So the bid is for 27 mil and the current shareprice values the company
at 20 mil ?

33% difference and even more when you consider they are only bidding
7.25p, probably not too much value at 8.5p offer but if you already
hold these then they should be at least 9p bid based on that offer
yet the mm's bid only 7.25p ??

Unless i've made a mistake ?

[8trade] 19/8/2009 08:39

"10.5 cents"

What is the actually current bid price in pence then ?

[knickers2] 19/8/2009 05:02

One would like to know what is in the Learnvantage prospectus....

Is there another "possible" bidder talking to the Independent Panel?

[knickers2] 19/8/2009 05:00

August 19, 2009
Higher bid boosts shares in ThirdForce
Peter Stiff: Smaller companies

*
The Times


Shares in ThirdForce rose more than 14 per cent after the Irish e-learning group received an improved €27 million (£23 million) takeover approach from its senior management.

The group's independent directors said that they were supportive in principle of an offer of 10½ cents per share from LearnVantage, an investment vehicle formed by Brendan O'Sullivan, its chief executive, and Patrick McDonagh, its chairman.

The pair initially approached the company on March 30 with a proposal for an offer at eight cents per share, only for it to be rejected after almost a month of talks. Mr McDonagh is already the largest shareholder in the group, which is also listed in Dublin, with a 25.5 per cent stake. The company rose 1p to 8p.

[knickers2] 18/8/2009 18:35

Another very puzzling question?

Is there no competitor in this industry, willing to pay more than
this very conservative valuation of the ThirdForce intellectual
portfolio and ongoing business?

[knickers2] 18/8/2009 18:33

What is it that these guys plus some existing stars of Thirdforce
can do for themselves, and Thirdforce shareholders who become
Learnvantage shareholders,that they could not just as easily do
by leaving Thirdforce as it is?

Very puzzling!!!

[knickers2] 18/8/2009 07:52

100000 shares traded yesterday in Dublin
AGM on Friday 21st

[caveat_emptor] 11/8/2009 07:08

Monday August 10 2009

Over €36m was invested in developing the skills of 56,000 workers in Irish enterprise last year, according to the Skillnets annual report which was published yesterday.

[knickers2] 10/8/2009 07:38

New regulations to give shareholders greater rights over publicly listed companies were signed into law today.

Tanaiste Mary Coughlan said the shareholders' rights regulations will make it easier for investors to hold management to account and will give shareholders a say about the way companies are run.

- Maeve Dineen

[caveat_emptor] 30/7/2009 14:26

Possible Bid?

[caveat_emptor] 24/5/2009 06:56

By LOUISE McBRIDE

Sunday Independent


Sunday May 24 2009

SENIOR corporate could soon find themselves being personally hunted down by the office of the Financial Regulator.

[caveat_emptor] 15/5/2009 10:52

I view the new company as a hedge your bets option.....

[zak_mo] 29/4/2009 20:32

very interesting, i still feel that the offer will be forth coming, a steady rise upwards 10p

[cyberpost] 29/4/2009 13:50

Statement re. possible offer (Thirdforce)

TIDMTHF

RNS Number : 3808R
Thirdforce PLC
29 April 2009

?
ThirdForce PLC (the 'Company')


29 April 2009


The Independent Directors note the recent rise in the Company's share price.
Further to the announcement on 30 March 2009, the Company has engaged in
discussions with LearnVantage Limited ("LearnVantage") which may or may not lead
to an offer being made for the Company (the "Approach"). The Independent
Directors have concluded that the cash element of the proposed offer of 8c per
share would not be recommended. Whilst discussions with LearnVantage in relation
to its approach are ongoing, no agreement has been reached to increase this
price.


Accordingly, it may take some time to ascertain whether an offer for the Company
may be forthcoming. A further announcement in relation to the Approach will be
made if and when appropriate.


The Independent Directors of ThirdForce comprises of Mike Newton, Carol Clark
and Edwin Robinson. Neither Eimer McGovern nor Alan Maguire previously referred
to as being part of the 'Committee of Independent Directors' are deemed
Independent Directors and do not form part of the 'Committee of Independent
Directors'.

[caveat_emptor] 24/4/2009 08:05

What can they do for themselves
in LearnVantage, that they no longer wish to do for Thirdforce?

[caveat_emptor] 24/4/2009 08:00

Moneybags also suggests a question.....
If things really are as good as the company says, and that
they have only scratched a market worth billions, and all the
good things said about the business...

[caveat_emptor] 23/4/2009 16:03

Well...you have much to be aggrieved about....

"Stock Exchange is investigating McDonagh dealings in Thirdforce"

Headline from Page 34 The Phoenix tomorrow.