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CHR Chelford

207.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chelford LSE:CHR London Ordinary Share GB00B02TW537 ORD 100P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 207.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 207.00 GBX

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Date Time Title Posts
15/11/201216:44Chelford Group - Wins New Contracts2,082
07/4/200508:15Chelford - Growth at value prices15
06/12/200303:58A CHEAP PENNY TIDDLER1
18/11/200311:46CHELFORD A MATTER OF TIME!!!20
09/10/200317:23Chelford311

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Posted at 09/4/2008 07:10 by pc4900074200
RNS Number:9286R
Chelford Group PLC
09 April 2008

Chelford Group Plc ("Chelford")

Cancellation of admission and compulsory acquisition

Chelford announces that it has applied to the London Stock Exchange for the
cancellation of trading of Chelford Shares on AIM following the announcement on
4 April 2008 that the recommended cash offer for Chelford by Solarsoft
Acquisition Limited ("Solarsoft") a company formed at the direction of Marlin
Equity Partners ("Offer") had been declared unconditional in all respects. It
is currently anticipated that cancellation will take effect from 7.00 a.m. on 6
May 2008.

Solarsoft also intends to exercise its rights pursuant to the provisions of
sections 979 to 982 (inclusive) of the Companies Act 2006 to acquire
compulsorily on the same terms as the Offer the remaining Chelford Shares not
already acquired or agreed to be acquired by Solarsoft pursuant to the Offer and that it is also anticipated that, after the cancellation of admission, Chelford will be re-registered as a private company under the relevant provisions of the Companies Act 1985.

Chelford shareholders who have not yet accepted the Offer should note that
cancellation is likely to reduce significantly the liquidity and marketability
of Chelford Shares not acquired under the Offer. Once cancellation has taken
effect, Chelford shareholders will no longer be able to effect transactions in
Chelford Shares on AIM at the market price.

Enquiries:

Chelford Tel:+44(0)1256 685 400
Trevor C. Lewis, Chief Executive

KPMG Corporate Finance Tel: +44 (0)20 7311 1000
(financial adviser to Chelford)
Mark Farlow
Susan Walker

Charles Stanley Securities Tel: +44 (0)20 7149 6000
(nominated adviser to Chelford)
Richard Thompson
Mark Taylor
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUWOBRWKRSRAR

pc
Posted at 07/3/2008 17:39 by pc4900074200
Done deed?

'Further to the announcement made on 6 March 2008 of a recommended cash offer by Solarsoft to acquire the entire issued and to be issued share capital of Chelford, Solarsoft announces that the offer document (the "Offer Document")
containing the full terms of the Offer has been posted to Chelford Shareholders
yesterday together with the Form of Acceptance.


The Offer will be open for acceptance until 3.00 p.m. (London time) on 27 March
2008.


If you hold your Chelford shares in certificated form (that is, not in CREST),
to accept the Offer in respect of those Chelford shares you should complete,
sign and return the Form of Acceptance (together with your share certificates
and any other documents of title) as soon as possible and, in any event, so as
to be received by not later than 3.00 p.m. (London time) on 27 March 2008, to
Computershare Investor Services PLC, Corporate Actions Projects, Bristol, BS99
6AH.


If you hold your Chelford shares in uncertificated form (that is, in CREST), to
accept the Offer in respect of those Chelford Shares you should follow the
procedure for Electronic Acceptance through CREST so that the TTE instruction
settles as soon as possible and, in any event, not later than 3.00 p.m. (London
time) on 27 March 2008. If you are a CREST sponsored member, you should refer to your CREST sponsor before taking any action as only your CREST sponsor will be able to send the necessary TTE instructions to Euroclear in relation to your
Chelford shares.

No EGM, they know they have the quantity of shares to get the go-ahead. Now all we need is the payment date. Will it be this tax year or the next?

pc
Posted at 07/3/2008 10:07 by stnick
cheers bb

i have a certificate date 29 OCt 04 and presume that they haven't consolidated since then??

i need to crystallize a loss on this share and just wondered if the offer would be completed by 5 Apr 08 if i wait for that?

cheers
Posted at 07/3/2008 09:58 by stnick
has this share had a consolidation of 100 old shares for 1 new one in or around oct 04?

thanks in advance

st nick
Posted at 06/3/2008 22:10 by bernieboy
Bloody disappointing after holding for so many years! Had much more potential than flippin 215p per share. I never even considered selling at 300p! Its a sell out and I guess no counter bids will come in if management have accepted.
Posted at 06/3/2008 19:32 by welsheagle
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.
Posted at 11/2/2008 21:45 by welsheagle
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.
Posted at 10/1/2008 15:01 by largeman
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.
Posted at 03/8/2006 11:42 by pc4900074200
It seems that the management are content to see the value of the share price
spiral downward to the cost of all shareholders. A 33%+ de-valuation
in the last three months.

If a potential investor was to look at the share chart as a prelude to
researching or investing in this company He would wonder if it is
worth placing his money in CHR.

As a shareholder you expect to see fluctuations in the share price and any
sizable amounts downwards normally prelude a large buy,
but in this share all we see are continued 'hits' by MM's to reduce
the price. When there are investments, the price stays where it has
fallen to or recovers by a small percentage of its loss.

Only to be 'hit' again, in the next day or so.

I have seen other companies issue a statement on any large fluctuations,
as to the well being of the company and that they know of no reason
why there has been a drop in share price

With CHR management, what do we hear?

Nothing!

One tends to start to think that they don't care about investors. They
seem to have forgotten that they have a duty of care to shareholders
and that they have been placed in positions of power to over-see our
investments.

This decline in value has gone on for over three months and we are long
overdue some form of statement that should stabilise the share.

The trading update issued in July,



showed that we have 8 new customers so why are we being
'hit' as hard by MM's on a weekly sometimes daily basis?

Today is a good example, no trades, [11:40 am] and a 1.3% reduction in
SP. Not much, you may say, but on a daily basis, it is.

CHR Management. You need to act, and soon.

6 month Results are due two months from now. Do we have to see
another 22% of our investments go down the drain before you say
anything?

We should remember that any good news in September, IMHO,
may only send the share price back to the 3# mark, where we were when
trading was not showing signs of being too weak.
That is of course if the MM's want it to go back up.

Looks to be a classic case of MM's rule and the Management don't care.
They're both getting paid at the expense of the shareholders.

pc
Posted at 13/4/2006 08:56 by tole
Nice focus in the results round-up in Shares mag today - highlighting Agility and the RFID technology and imminent deals. And shian and the employment of new staff to cut down on sub-contracting costs it faced due to demand for its SAP product.

Summary highlights CHR share price near the 12 month high but still trading at a big discount to the peer group software sector...

The same point highlightedin Charles Stanley recent note - at the current price of 277 CHR currently trade on a prospective PE 11.5x against the sector average of 18x
Chelford share price data is direct from the London Stock Exchange

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