Base Group Share Discussion Threads

[tedsm] 20/6/2007 08:48

Having been around since the "ferrum" days and with a million odd of these shares, has anyone worked out how much our old shares will be worth if anything at all?

[godolphin] 20/6/2007 08:02

Here's what I can find about Aegis. (from 2004 after a MBO).
"Aegis is the UK's leading supplier of body armour and other ballistic protection equipment to UK police forces. The company has annual sales of £10m and employs 50 people from its operations in Warwick and Warrington.

Founded in 1990 by Steve Jenkins and Ian Bennett, who have spearheaded its rapid development and growth, Aegis continues to expand in the UK and is increasingly active in overseas markets.

The restructuring allows Steve Jenkins and Ian Bennett to hand over day-to-day operational responsibility to a new team led by managing director Glenn Hopkinson, who was formerly operations director. "

[clarendon] 19/6/2007 20:30

Thanks Go - I can't find anything official either but this was confirmed by AB

[godolphin] 19/6/2007 18:38

Remarkable that they wait until they're cancelled and then announce a RTO. Can't find anything official, presumably this is what is being talked about from iii. lol - the market is always full of surprises.

According to Investors Champion:

Base Group Plc, an AIM listed cash shell is placing 40,000,000 new shares on the 16th July 2007 at a price of 25p per share. It is using the money to purchase Aegis Engineering Limited, a leading designer, manufacturer and distributor of body armour to UK police forces amongst others. This is effectively a reverse takeover.

[clarendon] 19/6/2007 18:23

Could someone point me in the direction where I can get a copy of the shareholders circular

[currypasty] 19/6/2007 18:04

well, i am a 'nice kind of guy', and so it is no pleasure suggesting that if ive just paid 25p, there could be some sort of consolidation on those existing 850 mil shares. Im therefore going to have to turn down your wheelbarrow full of old bs. paper

[humphbumph] 19/6/2007 17:59

By the way please bring a wheelbarrow.

[humphbumph] 19/6/2007 17:58

Look, currypasty, since you sound like a nice kind of guy, I'll sell you 6,500,000 Base shares for a knock-down price of £100,000. You don't have to tell your broker and I'll pick up the stamp duty.

[currypasty] 19/6/2007 17:28

ive put my name down for a few. Ive no idea on the history of base, and i guess its of no matter anyway. my broker was very keen, and Aegis seem to be doing the business. I supose the reverse is a way at getting at the tax losses, cant see any other reason for it, over a clean IPO.

[digital sport] 19/6/2007 09:58

Click here for related discussions
noah - 04 Jul'02 - 08:48


Has this share reached its lowest point. ?

Is this a fresh new start. ?

[to350] 18/6/2007 17:35

thats the problem though all racket and no balls.

[audereestfacere] 18/6/2007 15:37

40 all, advantage Bradshaw - what a racket!

[dbno] 18/6/2007 10:17

His, probably.

[audereestfacere] 18/6/2007 09:38

Are we to believe that Bradshaw has engineered something to his or our advantage?

[digital sport] 18/6/2007 09:23

The Base saga continues. What a rollercoaster. This stock has been worth every penny. Just for the laughs i have had so far.

[clarendon] 17/6/2007 20:35

You are all correct - however the trading tax losses may have already been lost due to the cessation of trade but there may be capital losses available.

Was the company's 'trade' not that of a 'holding' company? The old subsidiary companies were the 'trading' companies!!

[uknighted] 17/6/2007 16:24

DS If the requirement is that the tax losses have to be incurred in a similar business activity then the fact that the Articles and Memorandum of Association say that the company may undertake engineering activities may not be sufficient.
Nonetheless I continue to clutch at straws.
Regards UK

[digital sport] 17/6/2007 15:49

Humph- ferrum was engineering - aegis are engineering

[uknighted] 17/6/2007 14:22

Humphbumph, now you mention it I believe I have heard something similar. I would love this RTO to be true but I have this growing sceptism in my mind - this is Base after all.

Clarendon, TDW have said that they will send me a certificate in due course.

Regards UK

[humphbumph] 17/6/2007 13:22

My understanding of the tax rules is that in order for the losses to be transferred for tax purposes to the new company it has to be engaged in broadly the same kind of business. This does not seem to apply here. I stand, hopefully, to be corrected.

[clarendon] 17/6/2007 12:59

UK so are mine but following the cancellation of the listing you should be sent a certificate - mines not arrived either

[uknighted] 17/6/2007 12:05

My shares are held in a nominee account so I won't get details directly at the moment. Regards UK

[clarendon] 17/6/2007 11:27

UK - unfortunately the tax losses are only actually worth up to maximum of 30% of £10m in real terms. But they do have a value. Has anyone actually received the shareholders circular?

[digital sport] 17/6/2007 07:46

Aegis Engineering Ltd is a supplier of Personal Protective Equipment (PPE) and specialist operations equipment.

The company was formed in 1990 to provide a personal and quality service to Police and Special Force Units in the UK and around the world.

We pride ourselves on being able to provide our customers with a total service which encompasses the supply of well designed equipment delivered on time and manufactured to the most exacting standards possible under our ISO9001: 2000 accreditation.

The company is now the largest producer of body armour for Police and Special Force Units in the UK and is also active in other European and international markets.

Aegis Body Armour Systems have been developed directly in consultation with our many customers and they are designed to satisfy specific operational roles. We offer all of our clients a complete "Through-Life" management service for their PPE equipment.