Chelford Share Discussion Threads

[aspex] 06/3/2008 19:44

That is that then.

[welsheagle] 06/3/2008 19:32

LONDON (Thomson Financial) - Chelford Group Plc has recommended a cash offer for the group at 215 pence per share from Solarsoft Acquisition Ltd, a newly-incorporated company formed at the direction of Marlin Equity Partners.

The offer values Chelford at 16.1 mln stg, the companies said in a joint statement.

The price represents a premium of approximately 25 pct to the company's closing price yesterday.

Chelford directors, holding in aggregate 30 pct of the company's shares, intend unanimously to recommend the offer and have irrevocably undertaken to accept it.

In total, Solarsoft has received irrevocable undertakings to accept the offer in respect of 4,478,179 Chelford shares, representing approximately 62.7 pct.

Chelford provides specialist solutions in the areas of supply chain management, ERP, manufacturing, warehousing and distribution, asset tracking and financials, using products based upon its own intellectual property, SAP, Microsoft and CODA software products.

Solarsoft intends to combine Chelford's operations with Marlin's portfolio business, Solarsoft Business Systems.

Chelford also said that trading during the second six months of 2007 and in the current year to date has been in line with management expectations.

[welsheagle] 11/2/2008 21:45

From February's 'Company Refs', when price was 160p:-
a/ Prospective PE ratio of 7.71 (based on two broker forecasts, one recommending 'buy', and one recommending 'overweight').
b/ Forecast growth in eps of 22.6%.
c/ Positive cash flow per share of 18.7p.
d/ Net cash per share of 20.3p.
e/ Negative gearing of 13.3%.
f/ Price to sales ratio of 0.61.
g/ Turnover up from £7.3m to £18.6m in last five years.

[pc4900074200] 16/1/2008 12:31

Its not taken them long to move the share price down on a few little trades.

In one way if there is a buy-out, IMO it would be better for all
long-term holders as this company has shown no return for the
investment most have placed in it over the years.

IMO, news has been good but never moved / held the share price up.

Lets hope they are not walking this down too low.

I was told [years back] that many of the shares were held by company
employees so this may help re: buy-out, Management or other.

They will want to see a return on thir investment and not a loss.

pc

[pixi] 14/1/2008 16:22

Good news.

[thetiger] 11/1/2008 11:38

My feeling is that we'll get a better price if it's not bought by the management. Current price seems to reflect market's expectation of a low offer, which I'm sure will have to start with a 2, though I'd be hoping for something starting with a 3!

[brummy_git] 11/1/2008 07:53

Any ideas on the potential buyer? Maxima, Touchstone or possibly even SAP or management (ie MBO)?

[aspex] 10/1/2008 17:07

Anything under 250p is giving it away.

[tole] 10/1/2008 15:12

Thats what I like to see :))

[largeman] 10/1/2008 15:01

Ah! Now I see why!

RNS Number:5302L
Chelford Group PLC
10 January 2008


FOR IMMEDIATE RELEASE


Chelford Group plc ("Chelford" or "Company")

Statement regarding share price movement and Rule 2.10 announcement


The board of directors of Chelford ("the Board") notes the recent rise in the
share price of the Company.

The board confirms that it is in preliminary discussions which may or may not
lead to an offer being made for the entire issued share capital of the Company.
Discussions are at an early stage and there can be no certainty that an offer
will be made or as to the terms on which an offer might be made.

The Board, which is being advised by KPMG Corporate Finance, will make a further
announcement when appropriate.


Rule 2.10 disclosure

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the
Company confirms that as at the close of business on 7 December 2007, the
Company had 7,141,323 ordinary shares of £1 each in issue.

The International Securities Identification Number (ISIN) for these shares is
GB00B02TW537.


Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in
1% or more of any class of 'relevant securities' of Chelford Group Plc all
'dealings' in any 'relevant securities' of that company (including by means of
an option in respect of, or a derivative referenced to, any such 'relevant
securities') must be publicly disclosed by no later than 3.30pm (London time) on
the London business day following the date of the relevant transaction. This
requirement will continue until the date on which any offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or
on which the 'offer period' otherwise ends. If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an 'interest' in 'relevant securities' of Chelford Group Plc, they will
be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Chelford Group Plc by Chelford Group Plc, or by any of its
'associates', must be disclosed by no later than 12 noon (London time) on the
London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.

[largeman] 09/1/2008 14:29

Some nice movement up these past few days. No idea why though as I've seen no announcements or heard any rumours. Any ideas anyone?

[aspex] 08/1/2008 19:30

January performance
2004: From 90 to 207 by Feb
2005: From 128 to 230 by Feb
2006: From 236 to 270 by Feb
2007: Flat after a sharp decline
2008: From 140 to ???

[money4me] 12/12/2007 12:44

why not - it would make a nice change

[aspex] 11/12/2007 07:42

New business:
Bells of Lazonby implements TROPOS ERP solution to integrate three product lines into a single business system
10/12/2007

Implementation aims to reduce stock holding levels by up to 50 per cent
System will enhance visibility across leading bakery producer's whole company to improve efficiencies and boost profitability
Operates across Bells of Lazonby, Village Bakery and OK Foods brands – the company's expanding organic and gluten-free ranges


Time for a rise????

[pc4900074200] 23/11/2007 16:30

Now that's a couple of serious trades gone through today?

Unusual for this share?

Trades 1 and 2 – rollover?

pc

[tole] 22/11/2007 10:22

No way through that downtrend yet...
Watching to see if 130p holds.

[aspex] 05/11/2007 21:27

They must be watching.

Gimme more... MORE.

[aspex] 04/11/2007 00:33

Welsheagle,
My only concern is the lack of new business announced since late July.

[welsheagle] 03/11/2007 19:28

From November's 'Company Refs', when price was 149p:-
a/ Prospective PE ratio of 7.55 (based on two broker forecasts, one recommending 'buy', and one recommending 'overweight').
b/ Forecast growth in eps of 44.6%.
c/ Positive cash flow per share of 18.7p.
d/ Net cash per share of 20.3p.
e/ Negative gearing of 13.3%.
f/ Price to sales ratio of 0.57.
g/ Turnover up from £7.81m to £18.6m in last five years.

[aspex] 06/9/2007 07:38

Interims reflect the recovery from previous year SAP loss.
Still a bit below the 2005 result but getting there.

[thebullyboy] 05/9/2007 10:14

These days its going up and up. Glad I got in some weeks ago.

[money4me] 03/9/2007 17:12

some days it goes up....other days it goes down (sorry)

[thebullyboy] 21/8/2007 19:40

Anyone know the forecasts for CHR?

Thanks in advance.

[largeman] 21/8/2007 13:11

Yep I noticed that this morning. Well they're not getting mine!