Bidtimes Share Discussion Threads

[latestarter] 19/8/2005 16:04

youve got to laugh, yesterday i was protected as a buyer for 25k at 7 and turned away for the other 25 no stock about mate, same again today no stock after lunch, have just interogated the rto system and taken 4 lots of 15 left on there at less than i was bidding on the phone?

[latestarter] 18/8/2005 08:09

what makes you think they may reverse into something? Dawnay Day and Wicks being here, if that is the case then it is worth clearing the market and contacting DD to lend "support"
You would be suprised how they like to here that kind of the thing
i have been offered size in INO at 4.65 so im only guessing but looks to me as though he has orders in the market to sell down or else someone else with connections to the 2 are selling

[lbo] 18/8/2005 00:52

Just an interested party and I also think they may go down a new route!

[latestarter] 17/8/2005 19:50

i have asked for a load more than i have been filled for, but i can only get 50 a time,its just games, the bid has not moved at all so they must be fairly confident of filling the order. im away next week so i was not gonna leave any orders to see how they got hold of the stock ie raise the bid or just see 100k sell land next week.
you obviously have researched the company what is your present take on things? are you an activist share holder, if you would prefer to talk off line i will put up my email and then delete it if you are here at the moment

[lbo] 17/8/2005 19:26

FYI

the competitor of advfn (money) used to have an interview on their webcast with Stephen Wicks from November 2004 when he was CEO of Country and Metropolitan Homes PLCS. And yes they were taken over in April of this year



Chief Executive
Aged 52, was the founding shareholder of Country and Metropolitan Homes PLC and has worked in the construction and housebuilding sector for over 30 years. He has extensive knowledge of local and national government policies on both greenfield and brownfield sites, together with wide experience in the assembly of complex development situations and the refurbishment of listed buildings. He has in the past worked for a number of house builders, with particular emphasis on land acquisitions.

[latestarter] 17/8/2005 10:05

isle casino also signed agreements to open in coventry and salford, anyone know if that is with blue chip or on its own? or is this the further investment referred to in the accounts
page 91 of the isle accounts also shows that isle have the right to purchase minority interests, th 66% stake is on the books at
Blue Chip Casinos, PLC
On November 28, 2003, pursuant to a subscription and shareholders agreement, the Isle of Capri Casinos,
Ltd. (the "Isle-Ltd."), a wholly owned subsidiary of the Company, acquired a two-thirds interest in Blue
Chip Casinos, PLC ("Blue Chip") for £5.3 million (which was approximately $9.0 million based on
published exchange rates as of the acquisition date). Under the agreement, the Isle-Ltd. has the option to
require the minority shareholders to sell their respective shares to the Isle-Ltd at fair value or at a price to be
agreed upon. This option is available for a period of seven years from the acquisition date or for five years
from the introduction of new gaming laws whichever is later. If the Isle-Ltd. does not exercise its option,
the minority shareholders have the right, during the one-year period after the option expiration date, to
require the Isle-Ltd. to purchase the minority shares at fair value or at a price to be agreed upon. The
Company's acquisition of Blue Chip positions the Company to potentially expand gaming operations in the
event that the United Kingdom reforms its gaming regulations.
Concurrently on November 28, 2003, Blue Chip acquired the assets of an operating pub-style casino (the
"Blue Chip-Dudley") in Dudley, England, and the assets of another casino (the "Blue Chip-
Wolverhampton") in Wolverhampton, England that opened in April 2004. The total purchase price paid by
Blue Chip for these acquisitions was £5.8 million (which was approximately $10.0 million based on
published exchange rates as of the acquisition date) of which £1.0 million, or approximately $1.7 million
based on published exchange rates as of the acquisition date, was deferred and is not payable until
November 28, 2004, and is included in current liabilities in the accompanying consolidated balance sheets.
These acquisitions by Blue Chip were accounted for as purchase business combinations with the purchase
price preliminarily allocated to the fair values of the assets acquired resulting in preliminary goodwill of
£3.6 million (which was approximately $6.4 million, as of April 25, 2004, based on published exchange
rates). Goodwill is not deductible for income tax purposes. The results of operations of these casinos are
included in the consolidated statements of operations since the acquisition date. The purchase price
allocations have been completed on a preliminary basis, pending receipt of closing documentation and
subject to adjustment should new or additional facts about the businesses become known.
5. Goodwill and Other Intangible Assets
The changes in the carrying amount of goodwill are as follows (in thousands):
Balance at April 28, 2002............................................................ 305,850 $
Acquired goodwill............................................................... 20,459
Balance at April 27, 2003............................................................ 326,309
Adjustments to goodwill:
Final purchase accounting adjustments related to the Colorado Central
Station-Black Hawk and the Colorado Grande-Cripple Creek............... 1,064
Acquired goodwill............................................................... 6,242
Foreign currency translation adjustment ....................................... 165
Balance at April 25, 2004............................................................ 333,780 $

[latestarter] 17/8/2005 09:09

have followed DD and the likes of david circucel before in fact if you search companies house you would raise an eyebrow at how may companies you the same ad in london, and no it is not just somewhere to drop of the mail or client services, there does not seem much about stock wise, that 50 yesterday was me i wanted more but that was all they would give me yet this am, 1 has lowerd the bid, im really only interested in this because DD are here and the connection with others as mentioned and the carrott of the casino stake ill leave another order and see how we get on

[lbo] 17/8/2005 08:56

Dawnay Day Principal Investments arranges and invests in mid-market private equity transactions as well as certain specialised public company situations. We are a focused team which benefits from strong individual track records of completing successful deals.

Deal & Sector Focus
We target the following types of transaction:

Management buyouts and buyins
Secondary buyouts
Public-to-private transactions
Activist investments in public companies

[lbo] 16/8/2005 20:15

Is he is the same guy?

[latestarter] 16/8/2005 17:20

been looking at theese and wondering why Dawnayday are involved,
Stephen wicks was previously C.E of country and metropolitan, a company he built up from 6.5m to 78m when it was taken over (house builder)
he trouserd just shy of 10m when he left in may, has he transferred ownership to Dawnay day for more corp activity somewhere else, seems unlikely given how much he has in his pot this is about 200k worth, or is this his next venture?
I dont even know if it is the same s wicks does anyone else?
Actually have just found this as well

Country & Metropolitan PLC
For immediate release
2 March 2005

Country & Metropolitan PLC ('C&M') has received an approach, which may lead to
an offer for the whole of its issued share capital.

C&M has 23,996,914 ordinary shares in issue and has no other classes of shares.
The International Securities Identification Number (ISIN) of C&M ordinary shares
is GB0000595966.

A further announcement will be made in due course.


Enquiries

Dawnay, Day Corporate Finance Limited

David Floyd - Director Tel: [phone]


Buchanan Communications

Mark Edwards/Jeremy Garcia Tel: [phone]

Dawnay day also advised on the t/o of tay homes by c&m so this is not a new relationship, hmmm ill go get my conspiracy theory hat i think

[lbo] 12/8/2005 12:54

Innobox got shares via a convertible loan

2002 ( It plans to make a two-year £200,000 convertible loan to the New Mexico-based company, called ACS, to cover the cost of applying of its products. Innobox received 4,423,902 ordinary shares in AeroBox in exchange for its investment in ACS.


Innobox said last October it has advanced a secured convertible loan to ACS
of 200,000 stg plus expenses, and said today that at Feb 28 2003, the loan
balance including costs, expenses and accrued interest was 245,123 stg.
Innobox said its investment in ACS will be converted into equity in
Brookspey immediately prior to the acquisition by Greatstride, and afterwards,
Innobox will hold 4,423,902 shares in Greatstride, representing 5.7 pct of the
enlarged share capital on admission.At the acquisition and placing price of 20p per share for each of the 42 mln Greatstride shares offered to Brooksprey shareholders, Innobox's shareholding in Greatstride will have a value of 884,780 stg, it said.

[tonyx] 11/8/2005 15:46

...and don't dismiss the possibility of a buyout. Remember this..

[tonyx] 11/8/2005 15:18

Market cap still only £1.2m. Surely worth more than that!

[tonyx] 11/8/2005 15:11

I still say these are worth at least 10p per share (although the market disagrees with me!) based on the Blue Chip stake. I reckon it has at least trebled in value.

The board are being prudent in the accounts by just writing down the SGY investment and not writing "up" the Blue Chip one.

Lets see if Dawnay Day buy a few more....

[tonyx] 11/8/2005 14:47

Losses have halved so that good news.

I see that they havent revalued their stake in Blue Chip Casinos so there might be a good chance that their stake is worth considerably more than what they paid. Not much to say about the investments in INO & SGY although the rise in INO today will help!

[lbo] 11/8/2005 13:49

Don't they own some Innobox(1,880,000shares 15.04%)

Ouch!

[cambium] 04/8/2005 22:27

I'm still holding!!

[tonyx] 21/7/2005 17:28

I have edited my original post as I have just read the following on the MRD thread.
I wish Mr Stevens and his family all the best.

Hatto - 21 Jul'05 - 11:32 - 703 of 707


Morning everyone.....

I spoke to Mr Stevens last night & sadly he informed me that is wife is terminally ill with breast cancer....

This is the reason for his selling (part of) his holdings....

Of course I wished him & his young family well & did not continue with my questions.

[tonyx] 20/7/2005 14:20

Interesting to note that Russell Stevens is selling down his MRD holding.
20m sold @.9p yesterday.
I wonder whether he has any plans for the cash.... BDT looks cheap!

[tonyx] 20/7/2005 10:08

And remember they are buying on behalf of S Wicks.

[tonyx] 20/7/2005 10:07

DD are MBO specialists-that may explain why they are accumulating.

[lbo] 18/7/2005 16:16

Or Extinction!





The question is why are Dawney Day buying shares in this

[tonyx] 29/6/2005 19:49

Results due soon....we need a bit of excitement here!