Msb Share Discussion Threads

[m.t.glass] 21/11/2006 08:58

Carter&Carter (CART) announcement:

"..Further to the announcement of 15 November 2006 in relation to the
appointment to the board of Sir Howard Newby and Sarah Anderson CBE as
non-executive directors, we confirm that Sarah Anderson is a director of
MSB International plc..."

[hrundi v bakshi] 07/11/2006 11:10

snappy - you going to accept or await better offer; i see Goldman Sachs have bought over a million recently...

[sharw] 16/10/2006 19:02

The lack of dividend was condition h(ii) of the offer.

We now have a timetable - first closing date 6/11. With 43% already in the bag, then it is a done deal - unless Flaherty or a.n.o. come in at 77p or more.

[snappy] 15/10/2006 10:37

No interim dividend. Results show takeover price is too low.

Trafalgar CFD now control a total of 1,000,000 shares with a recent purchase at 72p. Can we now expect a higher offer?

The saga continues, shame about the dividend .....

[snappy] 07/10/2006 14:00

We should get an interim dividend as the Networkers EGM to approve this takeover (assuming it goes ahead at 73p) is likely to take place in November according to the latest circular.

[sharw] 02/10/2006 10:11

The last annual report says that the interims are tomorrow, although I can't find any mention in an RNS since then. We shall see.

Edit - having posted that we have a RNS saying they are on Thursday 12th!

[stemis] 28/9/2006 14:20

In connection with the indicative all cash Offer by Networkers International plc ('Networkers') for MSB, Seymour Pierce Limited and Networkers have received irrevocable undertakings from the MSB shareholders detailed below to accept an Offer, in respect of all the MSB shares beneficially owned or managed and controlled by them, at 73 pence per share in respect of in aggregate 8,759,708 MSB Shares representing 42.73 per cent. of the existing issued ordinary share capital of MSB. These undertakings will cease to be binding in the event of a competing offer which values the entire issued share capital of MSB at 5% or more above the value of the Offer and in the event that a firm intention to make an offer is not announced by 16 October 2006.

Over to you Mr Flaherty.

[1bensons] 19/9/2006 15:52

If you don't like the people at MSB and the management, why are you a shareholder ?????????????

[farsight] 13/9/2006 16:12

Well done you guys.

[rainmaker] 13/9/2006 12:50

Well did mention the possibility of a counterbid see message 62.More to come?!

regards

[sharw] 12/9/2006 16:13

Talk about 11th. hour! The meeting (now to be adjourned) is tomorrow morning. Although, like a number on this board, I suspected the offer undervalued the company, I thought it was too late for a rival bid. Will Flaherty counterbid? Watch this space!

Edit - I see the new bidder is listed on AIM - NWKI. It has MCAP £36m. In the year to Nov. 05 it had PTP of £3m. on sales of £31.2m. MSB by contrast had sales of £95.7m. but only managed PTP £313k in the year to Jan. 06. The new offer values MSB at £15m.

If MSB had the same price to sales ratio as the bidder it would be valued at £110.4m - roughly 537p/share. Makes you think what even half-decent management might have achieved.

[stemis] 12/9/2006 15:55

Just when you thought it was all over, a counterbid at 73p

[snappy] 03/9/2006 15:35

That's my proxy vote form gone in the post with a 150,000 shares vote against.

Shame there was not a box on the form to tick to get rid of the current exec and non exec directors at the same time.

Feathering one's own nest springs to mind with the current management team with only a handful of shares between the rotten lot of them.

[rainmaker] 21/8/2006 12:35

Eaglet are the Company that I've heard are eager bring about consolidation in this Sector

regards

[farsight] 18/8/2006 17:27

Anybody we know? See HVN.

[njyarg9rbol] 15/8/2006 16:53

Awsome news:

[rainmaker] 15/8/2006 16:35

Precisely Farsight..debt's a bit high though.LRG and MSB have a mutual Institutional Shareholder who reportedly was keen too merge the two Companies in a sector ripe for consolidation.

regards

[farsight] 15/8/2006 12:48

I bought a few LRG yesterday at 34.5p, Rainmaker. There was a big cross trade at 34p that I worked out to be 8.56% of the company. The marketcap is £6m while assets are £9m and turnover is £140m. I hope. Maybe I missed something.

All: I bought MSB months back for 34p, but sadly I sold out to chase something else and missed much of the rise. I still made a few bob though. I did better on HVN, buying at 39p and selling at 63p I think. I'm also up on SRG.

[rainmaker] 15/8/2006 11:27

IMHO next piece of the consolidation within the Recruitment Sector will be Lorien(LRG)

regards

[sharw] 08/8/2006 09:58

HVB - the annual report says that at 30/3/06 he held 2,225,600 = 10.86%

Looking at the report reminds me that the year end is 31/1 so we have now passed the 6 month point and need a trading update before we can consider this bid.

[hrundi v bakshi] 08/8/2006 07:18

Doesn't Peter Brown the ex marketing director hold about 10% of the co?

[ct98] 07/8/2006 12:54

If he doesn't get the 75%, I believe he'll still obtain control without needing to buy-out everybody. Obviously this would cause a drop-off in the s.p..

I suspect this would be his optimum case scenario as he could then re-negotiate with the insti. holders.

[rainmaker] 07/8/2006 12:53

Sharw-Many Thanks-I think you're right about your last point!!!

regards