Chapelthorpe Share Discussion Threads

[broomsticks] 24/7/2010 17:25

Minority power of veto?

[coolen] 23/7/2010 22:17

I seem to recall that Guiness Peat used to take large minority stakes in undervalued bid or potential bid situations. I don't know where that got them in the long run, but could it work thesedays I wonder ?

[dpmcq] 23/7/2010 21:40

Vote against or up his offer?

[gingerplant] 23/7/2010 19:34

He does need 75% and the game is not technically over - though I agree it very probably is in practice. But if a counter-bid came in, it would have to be put to shareholders and it would make loads of sense for a complementary business to try and get it for, say, £7m (34p). You can bet Peter G would vote against it though! :-)

[coolen] 23/7/2010 16:26

Under new rules, does he not require 75% to obtain a de-listing ?
I agree unlikely but, in theory, could a new stake-holder ensure the quote is maintained ?

[purdue] 23/7/2010 15:46

So you are saying that it now makes no difference whether or not Chapelthorpe recommends that shareholders accept the offer.

[gingerplant] 23/7/2010 14:56

It's not a bad weighted gamble - all you can lose is 2p a share. On the flip side - a complementary business would have to cough up c.37p a share IMO.

[broomsticks] 23/7/2010 14:34

News of a contract gain on the way? Wouldn't be surprised!!!!!!

[dpmcq] 23/7/2010 14:15

20000 @ 27p - a £400 (+ charges) gamble on a counter bid?

[broomsticks] 22/7/2010 20:01

How long has Chapelthorpe got before it will be mandatory for the company to make an announcement?

[dpmcq] 22/7/2010 16:53

When will we get a statement from CPL re this offer and are they going to recommend it?

[dpmcq] 22/7/2010 16:47

Now we know who sold out on the cheap!!

[gingerplant] 22/7/2010 16:19

This values the Co. at just £5.1m and is cheeky to say the least.

You can't blame him for having a go and he may well get it as he has over half now. But I'm not selling til the fat lady sings.

Chapelthorpe's finals showed sales of £87.9m - EBITDA of £5.4m, operating profit before exceptionals of £2.2m, NTAV of £12m (cash £11.97m as part of that with overall net current assets of >£11m).

So of course it's worth more - at least 50% more given the NTAV and recovery - and that would STILL be a bargain.

If I'm CEO of a larger co. for whom CPL's business would be complementary, I might think: "We may as well have it for £7-8m - it's easier than generating new business after all".

Here's hoping anyway!

[broomsticks] 22/7/2010 13:46

Totally agree velvetide, It's called greed and imho some knowledge of imminent news.

[velvetide] 22/7/2010 13:11

in the last few years it seems like fellow AIM shareholders are just as obstructive to reasonable investing as the market makers

[broomsticks] 22/7/2010 13:07

Damn it,

DPMCQ, Know what you mean as this is not the news I was expecting. Yes imo getting taken out on the cheap.

love it, I don't think that its because of a forced offer and imo 'they' do want the company.

[velvetide] 22/7/2010 12:58

though to be fairer he is an activist shareholder, probably will act in our interests by actively seeking a good bid for the whole company

[dpmcq] 22/7/2010 12:57

Its Peter Gyllenhammar as I have posted on here for a very long time

[velvetide] 22/7/2010 12:55

just creeping control

[dpmcq] 22/7/2010 12:55

Looks like its getting taken out on the cheap just as I feared!!!!!

[love it] 22/7/2010 12:54

Is it that they do not want the company yet but forced to make an offer they know it will not be taken up?