Centurion Ele Share Discussion Threads

[Abuse team] 16/3/2006 20:37

Post removed by ADVFN

[stewjames] 16/3/2006 20:35

If the major holders wanted it private couldn't they have arranged as much during the refinancing?

[rkjones] 16/3/2006 11:17

We now know who the big buyer was. I wonder if the Perseys are considering taking the company private. Given the size of their holding, they could cut a deal with the institutions and pick up a debt free company for a song.

[speedieruk] 15/3/2006 18:27

RNS Number:8242Z - 15 March 2006 - Holding in Company
The Board of Centurion Electronics plc (the "Company") was notified yesterday
that Mr Robert Persey and Mrs Amanda Persey have a combined beneficial interest
in 181,377,000 ordinary shares in the Company, representing 26.52 per cent. of
the issued share capital of the Company.

RNS Number:7979Y - 22 February 2006 - Holding in Company
The Board of Centurion Electronics plc (the "Company") was notified today that
Mr Robert Persey and Mrs Amanda Persey have a combined beneficial interest in
1,377,000 ordinary shares in the Company, representing 5.55 per cent. of the
issued share capital of the Company.

RNS Number:7327N - 17 June 2005 - Holding in Company
The Board of Centurion Electronics plc (the "Company") was notified today that
Mr Robert Persey and Mrs Amanda Persey have a combined beneficial interest in
1,777,000 ordinary shares in the Company, representing 7.16 per cent. of the
issued share capital of the Company.

Interesting. Would the Perseys have paid 1p per share after their earlier holding was so massively diluted? That's why I wondered whether anyone here attended the EGM. Maybe they paid 0.5p per share as the directors did. Their votes could've been crucial, as the directors had very few shares.

Good job I did wipe my feet before coming in. Must've stepped in something :-).

[rkjones] 15/3/2006 16:32

Just back in. If Robbie and Amanda see value here, there surely must be some life in the dog!! - at these sort of prices.

[speedieruk] 15/3/2006 13:55

Feet all nice and clean - 'onest!

So Robert and Amanda Persey are back in big time again with 181,377,000 shares representing 26.52%. I wonder what price they paid for them?
Did anyone go to the meeting by any chance?

[scripophilist] 14/3/2006 18:24

An appropiate start for another CUC thread, lol!

[wiganer] 14/3/2006 17:20

depends what you trod in

[speedieruk] 14/3/2006 17:19

Do I have to wipe my feet?

[pparkin405] 14/3/2006 09:15

bought 1m went through as a sell just for your info

[stewjames] 13/3/2006 19:57

You may well be right, kevin. But thanks to the massive dilution and consequent price drop, even the "big" sells are a couple of grand.

[kevin511] 13/3/2006 15:22

Does anyone have a view as to why the MMs keep soaking up sells, day after day and never moving the price down. The trades rarely ever include a buy so they seem to be gambling about moving them on or are accumulating for a known buyer - intriguing!

[scripophilist] 13/3/2006 11:50

Interesting appointment, worth doing some more research.

[scripophilist] 13/3/2006 11:49

Mr Kastner, 35, has over 12 years experience across the legal, private equity
and financial advisory industries. He qualified as a solicitor at Mayer, Brown,
Rowe & Maw in 1995 and in 1996 moved into private equity, working at Security
Capital until 2000 when he joined Doughty Hanson & Co. During his time at
Security Capital and Doughty Hanson, he was responsible for analysing and
underwriting a number of corporate and asset acquisitions, carrying out due
diligence, leading negotiation and execution, as well as devising strategies and implementing the integration of newly acquired businesses. Most recently he has worked as a Project Leader at Excel Advisory Group LLC, providing client advice in the areas of mergers, acquisitions, dispositions, asset management and fund raising.

In the last five years Mr Kastner has been a director of Nationwide
Administration Limited and PresentGeneration.Com Limited.
`

[scripophilist] 13/3/2006 11:41

Centurion Electronics plc (the 'Company') is pleased to announce that at the
Extraordinary General Meeting of the Company held earlier today, all of the
proposed resolutions were duly passed.


Trading in the new ordinary shares issued pursuant to the placing is expected to commence at 8 a.m. tomorrow, Tuesday 14 March 2006. Trading in the new ordinary shares issued to Portimao Investments Limited as part of the restructuring is expected to commence at 8 a.m. on Wednesday 15 March 2006. Following the approval of the resolutions and the admission of the new ordinary shares, the enlarged issued share capital of the Company will be 684,014,427 ordinary shares of 0.1p each.

[stewjames] 27/2/2006 17:12

Why wasn't a rights issue explored to at least allow existing shareholders a chance?

How do you know it wasn't?

The bank's obligation to their shareholders is to get as much of the bad debt back as possible. Why should they go out of their way to be "fair" to CUC shareholders with a rights issue, which will be expensive and quite likely not to attract enough interest? Likewise, to the people who stumped up the cash, why should they help out CUC holders at their own expense?

If there's anything fishy here (don't think so, personally) then it occurred well before the rescue deal.

[scripophilist] 27/2/2006 12:21

The trouble is despite people trying to point out the rather obvious nobody listens when they have a holding in a company. Things were going wrong a long time before Centurion got into this mess and when they ran out of cash only a desperate debt for equity swap would keep them as a going concern.

[30003000] 27/2/2006 10:13

Seems that yet again the small guys get a kicking. Look like fraud, dishonesty and connivance on part of the directors and money men. Why wasn't a rights issue explored to at least allow existing shareholders a chance? Statements from the directors gave no warning of the size of the deficit, is this criminal or what?

Looks like time to start a small shareholder revolution and seeing as our shares are worth nothing - why not a campaign to hit Centurion where it hurts. Persuade all small shareholders in other companies to boycot any product with Centurion gear in it. Perfectly feasable with BBs. Any takers?

[speedieruk] 22/2/2006 21:39

RNS Number:7979Y
Centurion Electronics PLC
22 February 2006

Centurion Electronics plc

Holding in Company


The Board of Centurion Electronics plc (the "Company") was notified today that
Mr Robert Persey and Mrs Amanda Persey have a combined beneficial interest in
1,377,000 ordinary shares in the Company, representing 5.55 per cent. of the
issued share capital of the Company.

So the Perseys have sold 400,000 shares since last June (see below). Unless there is something I'm unaware of, they would be expected to oppose the resolutions at the EGM, as their percentage of the company will be diluted if they are passed, and the directors, currently holding a grand total of 98000 share between them, would be able to pick up a holding of that size for less than £70,000.


RNS Number:7327N
Centurion Electronics PLC
17 June 2005

Centurion Electronics plc

Holding in Company


The Board of Centurion Electronics plc (the "Company") was notified today that
Mr Robert Persey and Mrs Amanda Persey have a combined beneficial interest in
1,777,000 ordinary shares in the Company, representing 7.16 per cent. of the
issued share capital of the Company.

[springbok] 22/2/2006 13:38

Was going to buy a few shares at 1.2 - wish I had now!

[springbok] 22/2/2006 13:37

up today - what's happening - anyone know?

[wiganer] 21/2/2006 16:37

Hope noone got suckered in yesterday. If you did, learn the lesson and chalk it down to experience.

[stewjames] 21/2/2006 03:39

To be honest, dell, if the post above (793) is representative of the quality of LI, it's about the only one I'd consider subscribing to. Not that I will...I'm big-headed enough to think I'm better. ;-)

All seems pretty transparent to me. Though I think the full spread should be included in calculating the gains (if it isn't already). That's 5-10% off right there with a lot of them.

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