Astaire Group Share Discussion Threads

[tomboyb] 24/8/2011 12:03

NAV IS 3.95p per share - cash over 2p per share.

Todays' EVOL rns - in relation to ASTR.

Evolve currently owns 53.6 per cent. of the current issued share capital of Astaire and it was announced on 13 July 2011 that the Boards of Astaire and Evolve had concluded that it would be in the best interests of each company's shareholders to put forward a proposal whereby, pursuant to a scheme of arrangement, Astaire shareholders would be given the choice of receiving new ordinary shares in Evolve or a cash alternative. Details on the possible scheme of arrangement and this proposed course of action were announced by Evolve on 13 July 2011. Further announcements will be made by Astaire and Evolve in due course on the terms and timing of the possible scheme of arrangement. It is envisaged that the implementation of any proposed scheme of arrangement would result in Astaire becoming a wholly owned subsidiary of Evolve.

[tomboyb] 24/8/2011 11:53

Well you can see why. Nav of almost 4p a share and cash just over 2p so any returns will see a premium to todays price. See EVOL RNS today as well.

[kinghorm23] 22/8/2011 16:16

Interesting it looks like the mm cannot get enough sellers to fill Vandyk's
order and they will now charge him the full 1.5p offer to buy a 500k chunk.
This is quite amazing, it's almost 100% pi sales against Vandyk's hoover
service yet the pi's keep selling, dont they see what is happening, got to
be a strong hold at the very least.

[lr4850] 10/8/2011 17:44

My thinking is that he is spending his and familys' own money so won't be blowing it like he does with other people's money- that's why I went in for some more and will buy more if I can. The least here is that I can buy 2 p peices for about 1.5 p which speaks for itself. :-)

[kinghorm23] 10/8/2011 13:48

Vandyk adds 750k, seems he is in the market for any stock he can get on, so what do you think is happening ?

[acquisitor] 09/8/2011 23:35

I can only speculate that he wants to get enough shares to block what Evolve plan to do with the company. Normally, this would be good news, however, based on Dr Death's track record, this could be a disaster!

At least Evolve will be unable to rip off Astaire shareholders.

[lr4850] 09/8/2011 15:52

Why is vandyk accumulating fast and big time? He must know something we dont! Thought I would join him and his family - not at the same levels they can sfford though :-(

[tomboyb] 25/7/2011 13:27

Looks like there are a few more buyers accumulating at these levels.

[lr4850] 20/7/2011 17:32

I also think this is being set up so that Astaire holders get more than one Evolve share for their one Astaire share?

[marab] 18/7/2011 07:28

Bought a few more this morning. Surely worth a punt of a few quid.

[lr4850] 16/7/2011 06:59

interesting that he is also buying at Evolve at the same time.

[acquisitor] 16/7/2011 06:47

God help us, Doctor Death is buying this share. A good time to sell, on his past record.....

[tomboyb] 15/7/2011 12:29

That holding above suggests to me that shareholders will recieve monies due to ASTR. Although shareholders have managed to get something back rather than the delisting scenario - you can't simply help but feel WHY the change of the ORIGINAL INTENTION.

AIM needs to look stronger at why these things occur NOT only for this company but across the board. I guess there are certain ideas as to why (across the board) but it does leave smaller shareholder in "literal" limbo.

[tomboyb] 15/7/2011 12:23

TIDMASTR

RNS Number : 4961K

Astaire Group Plc

15 July 2011

Astaire Group PLC

Major Shareholding

15 July 2011

Astaire Group PLC ("Astaire") was notified yesterday that, following the purchase of 500,000 Astaire Shares yesterday by Mrs Vandyk, Mr and Mrs E Vandyk's combined holding increased to 6,500,000 Astaire Shares representing 3.2 per cent. of Astaire's issued share capital.

Enquiries:

Astaire Group Plc Tel: [phone]

Chris Roberts, Finance Director

Fairfax I.S. PLC

Nominated Adviser/Broker to Astaire Group Plc Tel: [phone]

David Floyd, Katy Birkin

The persons responsible for this announcement, which is made in accordance with DTR 5, are the directors of Astaire.

This information is provided by RNS

The company news service from the London Stock Exchange

END

[tomboyb] 13/7/2011 09:53

Overall - This for shareholders make a lot more sense combined with some sort of small justice for smaller shareholders.

[tomboyb] 13/7/2011 09:47

The estimated cash balance is expected to amount to up to 2 pence per Astaire Share. Due to the subjective nature of any valuation of the unquoted assets and difficulties inherent in estimating the extent of contingent liabilities it is not possible to publish a reliable figure for the realisable value of Astaire's other assets and liabilities.

[tomboyb] 13/7/2011 09:46

My calcs were spot on!

[acquisitor] 10/7/2011 22:33

I will vote to stop the de-listing. I can think of numerous better things to do with the cash than squander it, as Evolve will.

[lr4850] 10/7/2011 17:30

Can astaire pass the resolution for delisitng weth evolve holding 54 % ? I fear my money is lost now. :-( Bunch of crooks )-:

[tomboyb] 08/7/2011 13:14

2mill buy at 0.90p - its a shame investors have to sell well below cash levels given the shannigans of delisting. As an investor you've got every right to be pi$$ed!

[lr4850] 30/6/2011 20:21

Here you are folks; some nice charts and things attached to the thread. Todays chart not so good though!

[acquisitor] 30/6/2011 08:22

Its the same gang that controls Astaire! The track record of value destruction at these companies is shocking and shareholders must vote against all the resolutions put forward. At Astaire, minority shareholders have no voice and will suffer when the company de-lists, whereas at least at Evolve, you have something like a £6m business (incl the Astaire stake) with a cap of £2.5m. You will also be able to trade them and vote against the Board.

Sounds like a no-brainer!

[lr4850] 30/6/2011 06:55

Evolve looks interesting; especially with their stake in 3D. People in charge give me some anxiety though.

[acquisitor] 30/6/2011 06:49

The smart thing to do is switch out of Astaire into Evolve. The former is a gamble on de-listing, whereas the latter is an each-way bet. Evolve gives you access to the value within Astaire, but with the additional cushion of all the other investments that Evolve holds. I have bought 3m Evolve and halved my stake in Astaire.