Axis-shield Share Discussion Threads

[trinity] 07/10/2011 22:01

It is clear that city boys and short term idiots looking for short term profits and bonuses have shafted the company.

[slaterlpj] 07/10/2011 19:40

No apology, but this from Dr Ian Gilham CEO of ASD. (as was)

Any comments chaps?

"Dear Mr Slater

The view of the Board of Axis-Shield and it's advisors has always been, and remains, that £4.60 is a price which significantly undervalues the business which we have worked so very long and hard to build. Sadly in recent days a large number of your fellow shareholders have, for various reasons, chosen to disregard our clear advice and have been willing to sell their shares to Alere for £4.60 such that 29.9% are now owned by Alere. We have been in very diligent contact with many of the major shareholders since then and have been advised that, due to ongoing willingness of more shareholders to commit to sell their shares to Alere for £4.60, the total shares owned or controlled by Alere has or is likely to soon exceed 50%.

If the Board of Axis-Shield continues to advise the remaining shareholders not to sell their shares to Alere then those shareholders risk becoming a minority shareholder in a private, unlisted Company, under which circumstances they are at great risk of never being able to sell their shares at all. Under such circumstances it becomes the Boards fiduciary duty to warn shareholders of that risk and to advise them to accept Alere's offer price rather than risk being owners of valueless shares. I'm sure you wouldn't thank us for advising you to end up in such a situation?

I hope this explains the situation clearly. The Board of Axis-Shield have done everything possible to get the maximum value for our shareholders but I think you would be best served by directing your questions to your fellow shareholders who have been willing to sell significant numbers of shares to Alere against the clear and consistent recommendations of the Board of Directors.

Best Wishes

Dr Ian Gilham

Group CEO."

[croasdalelfc] 07/10/2011 19:28

not much the directors could have done once the large investors sold up...30% had already gone and others were willing to do so.

The mistake if any was not finding another suitor at a higher price

[mutantpoodle] 07/10/2011 16:31

any guidance apreciated
but cannot see ..for my situation..any margin in selling as opposed to waiting for a cash settlement???

agree with email/letter o ASD directors/board

but I would bet money.......yes money

that our directors will have secured new positions within the new company
and their immediate reward/recognition is new contracts or a large 'goodbye'
both achieved by rolling over and legs in the air!

as said already

460 massively undervalues ASD

470......alright its all yours

huh?

[holbycitydoc] 07/10/2011 13:29

Deal is all but done. Didnt make £5 but am out now

[praipus] 07/10/2011 13:23

duplicate removed

[praipus] 07/10/2011 13:23

I'm attempting to track First Eagle Investment Management's other holdings on the WAM thread:



If you know any of their other holdings please let me know.

[slaterlpj] 07/10/2011 13:09

To Axis shield,
Subject: Please pass to investor relations. --- Share price sell out.

Dear Axis Shield,

In light of your recent public announcements, -- first stating how much you believed Alere to be undervaluing ASD at 460p (repeated), -- and then your subsequent capitulation to accept a mere 10p increase to an offer of 470p; --

Don't you consider it appropriate to make a general apology to ASD shareholders for misleading them?

Had you not been so publicly adamant in stating that you were not going to accept 460p, or any amount that undervalued ASD, then many shareholders would have taken the opportunity to sell at levels exceeding 470p, and probably close to 500p.

Yours faithfully

slaterlpj.
Shareholder.


If I get a reply, I'll let you know. :)

[gerd212] 07/10/2011 09:10

I don't think 0.25p blip down and then back is significant!

[slaterlpj] 07/10/2011 09:00

And now the price is dropping. Is this the mms making sure that anyone considering selling, won't get too close to 470?

[mutantpoodle] 06/10/2011 17:22

if you read my post of yesterday (11.24)
its ASKING if there is a loan note deal

it seems there is none at the moment in view no replies to the contrary
which is a HUGE shame

[hotfinance14] 06/10/2011 16:17

Whats this loan note deal ?

[mutantpoodle] 06/10/2011 16:11

re loan note deal

thanks gerd you beat me to it

no mention anywhere in this take over as far as I can see though

[slaterlpj] 06/10/2011 14:10

jpjp, well from my perspective, I should have sold ALL my remaining shares when ASD peeked over 500. I only sold a portion.

In the following period, other stocks I follow (FGP for example), have presented several good buying opportunities, that I have missed by hanging in with ASD.

The other day FGP hit a very nice low of 301, and have already begun their march back up to their usual of circa 350. If I had sold the ASD remainder instead of waiting I would now be safely on the way to a circa 14% profit in a short space of time, plus the future prospect of the very nice divi that FGP pays.

Between now and 24th October, and whenever you actually get the money an awful lot can happen. So I think that for the sake of a few quid in charges, it's better at the moment to be liquid and ready to seize any chance to make profits elsewhere.

I haven't actually sold my remaining ASD yet, but as soon as the next bout of panic hits the markets, (and that seems to be getting to be a regular event lately), I will dump ASD and jump into the likes of FGP or other over sold stock.

But you're right, with the ASD floor underpinned now to 470, at least there isn't any downside risk in the share price

[jpjp100] 06/10/2011 13:49

slaterpj you are probably right that nothing else is likely to happen

but then again, what have I got to lose by selling today rather than waiting for the deal to close in its own time? A little bit of time in another share that might go up or might go down. Cash in the account a bit sooner.

on balance, I think I will wait.

[gerd212] 06/10/2011 13:04

Loan note deal ? - CGT tax management

[holbycitydoc] 06/10/2011 12:57

More behind closed doors. Waiting for £4.85 then sell

[hotfinance14] 06/10/2011 12:18

Loan note deal ?

[mutantpoodle] 06/10/2011 11:34

any sniff of a loan note deal?

[hotfinance14] 06/10/2011 10:47

I will hold until this is finalised.

[scobiebreasley] 06/10/2011 09:48

I must say that I am extremely disappointed that the deal has now more or less been done at a price which still significantly undervalues the potential of the company.

I have held an accumulated shares in ASD since 1997, and even though it had proved to be a fairly disappointing investment I always believed that a major growth in shareholder value would eventually be realised. Just as it looked like the company (and my patience) was about to start reaping its major rewards it gets taken over at a disappointingly low price.

Surely the management could have put up a bit more of a fight... It was a shame that they did not manage to make other major shareholders aware of their discussions with the other interested party which might have prevented them from selling so early to Alere.

Oh well, I've now sold and have at least made a profit, which shouldn't be grumbled that. Onto better investments in the future hopefully...

[edgar3] 06/10/2011 09:42

What an anti-climax.

I too have held for years, watched price go to £11 and then tumble to £1. I'm up overall, but have invested significant time and emotion following this stock.

I remain of the view that PoC is the way forward in healthcare, and that Afinion will really hit the big time. Gutted that it won't be with ASD.

With hindsight, I agree the Board screwed this up. When the offer was made they were confident it would be rejected, but then with increasing market turmoil appear (belatedly) to have engaged with other suitors. Too little, too late, and time ran out.

I think there is no chance of an increased offer. I don't believe it would be recommended we accept £4.70 if there was.

[jpjp100] 06/10/2011 09:39

I am going to sit tight and accept near the last day unless something significant happens before then.

It saves the dealing charge, if nothing else!

[hotfinance14] 06/10/2011 09:38

They have got ASD on the cheap. This stock would have been £10 plus in 2-3 years.