Coolabi Share Discussion Threads

[davydoo] 27/8/2011 14:12

Err bank holiday...

[iloveit] 27/8/2011 14:04

Wow we welcome Monday morning this is COOLABI looking like big business now ,we could see a rush for shares now and yes 10p is a steal my target 20p looking very near now ,see you monday at 7.59am.

[bbd2] 26/8/2011 12:04

A rival bidder coming ?

Chorion chairman exits, fuelling talk of sale

Lord Waheed Alli, the chairman of UK IP rights company Chorion has resigned together with deputy chairman William Astor after reportedly failing to renegotiate the firm's debts.

A spokesman for Chorion today confirmed that Alli and Astor have tendered their resignations with immediate effect, but could provide no further comment on a report in the Financial Times linking their departures to ongoing financial travails.

Chorion - which counts the Mr Men, Noddy, Olivia, Octonauts and Max & Ruby among its children's titles - attempted to take over rival rights holder Hit Entertainment last year but was unable to secure the necessary financial backing.

The company attempted to offload its literary arm - home to the estates of Agatha Christie, Raymond Chandler and others - two years ago to Coolabi, but in that instance Coolabi was unable to come up with the cash.

According to the FT, Chorion is wrestling with the debt burdens it took on after it was sold to private equity firm 3i in 2006 for £111m (US$181.7m). 3i's investors put in £79.8m while Chorion management contributed £7.4m. The rest was funded by debt. Chorion currently has a total debt of about £70m, the paper said.

The company reported an 11% rise in earnings before interest, tax, depreciation and amortisation to £14.9m for the year to March 2010. Revenues were £51.7m.

Speculation now surrounds Chorion's future, with an auction possibly on the cards. Disney, Mattel and Japanese IP firm D-Rights have all been linked to a bid for Thomas the Tank Engine owner Hit, while Entertainment One, Viacom, Hasbro and Saban are all thought to have dropped out of the running.

All parties will now, however, likely cast their eyes over Chorion, while Alli has reportedly been trying to put together his own buy-out. C21 understands that Alli planned a bid for Hit last year but 3i refused to give him the backing to do it until he sorted Chorion's own finances.

Jonathan Webdale
25 Aug 2011
© C21 Media 2011

[bbd2] 26/8/2011 11:55

Do you want them ?

[tom.muir] 26/8/2011 11:51

try 20p bbd. :=)

[bbd2] 26/8/2011 11:47

I wonder if the fact that these are so tightly held is causing the bidders a real problem. There is just no stock available. Quite tempted to put a limit sell order in at a silly price and see what happens ! lol

[iloveit] 26/8/2011 09:43

up it goes baby !

[iloveit] 26/8/2011 09:10

Hey mate 10p now and climbing ,get the feeling you are not amused,have you missed the boat my friend?still time to get onboard as you may probably now have a gutt feeling its muppet price 20p is coming.

[orange1] 26/8/2011 08:38

My, the directors will be quaking in their boots after that rallying call. Their mission in life could not be clearer: to meet our resident muppet's target. Of course our muppet has never explained how he reached his target price in the first place but I suspect it has something to do with the price of his favourite comic or confectionary when he was younger.
Disappointment, nashing of teeth and usual histrionics are on the cards (I feel, here). (Anyone topping up?)

[iloveit] 26/8/2011 07:17

Morning ,it would be nice to hear that we a rival bidder coming in ,at 10p a share its a steal .i fancy this to be at least a 10million pound mk company so yes at least double the shareprice,small buys this morning and up it flies ,try it !stock is scarce here and many holding now for big bucks.
Pete Tong and Harvey Goldsmith,WHY ARE YOU BIDDING AND LOOKING AT A TAKEOVER ?
COOLABI we know is now high on the radar so cards on the table guys ,ITS NOT GOING CHEAP ,SO RIVAL BIDDERS BE ALERTED WATCH THIS SPACE AND LET THE WAR BEGIN.
POPPYCAT ,PURPLE RONNIE,BAGPUSS,CONTRACTS,MERCHANDISE,LICENCES,TV ,ALL NOW HAS COME TO GREAT DEMAND I FEEL AND FANTASTIC MANAGMENT DEALING AND MARKETING HAS WON THIS COMPANY A MASSIVE REWARD I FEEL ,WELL DONE AND HANG ON TO YOUR ASSET OR REGRET HAVING A GEM THAT COULD HAVE MADE YOU BIG BUCKS FOR LIFE !
20P A SHARE MINIMUM GUYS ,THATS MY TARGET AND ALWAYS HAS BEEN .

[iloveit] 25/8/2011 14:47

It surely looks like a flyer now and yes bought a few more .look at it icking up ,iloveit.
More to come .

[moreforus] 25/8/2011 14:40

bought in did you?

[iloveit] 25/8/2011 14:38

RNS News has leaked surely now as you all can guess 20p anytime now ,small buys and this flies ITS CHEAP!!!!!
GET THE FEELING TODAY HAS TO BE LAST CHANCE TO JUMP IN AND MAKE A FORTUNE ,SERIOUS BUYING COMING I FEEL .

[moreforus] 24/8/2011 16:09

a regular little riser is nice in these mad markets

[bbd2] 24/8/2011 15:46

Creeping up. Could you imagine how this would fly with any decent volume !

[bbd2] 19/8/2011 14:00

Interesting RNS

[moreforus] 19/8/2011 07:27

Lord G - was up yesterday despite Aimageddon coming back...nice trend!

[lord gnome] 19/8/2011 07:24

Another tick up on continued small buying. OMLOTO at 9.75p. I might get my 11p yet. Hope the weather stays warm :-))

[moreforus] 18/8/2011 10:20

there's life

moving up on small buying

[moreforus] 16/8/2011 11:03

looks like Amati are selling down here - they are getting out of small caps so are technically a forced seller - it probably explains why the price has been so much weaker than the fundamentals suggest - however as there is an offer for the company being discussed i would suggest the BoD know exactly what this is worth.

[moreforus] 15/8/2011 15:25

bbd2 if and when the news comes we'll do well and those who dont hold wont!

[bbd2] 15/8/2011 15:14

Pete Tong and Harvey Goldsmith's firm in talks with Bagpuss rights holder
Northern Promotions, in which DJ, music promoter and other media figures have stakes, makes approach for Coolabi

Mark Sweney
guardian.co.uk, Monday 15 August 2011 12.35 BST
Article history



Bagpuss rights holder Coolabi has received an approach from Northern Promotions
The owner of the rights to 1970s kids TV show Bagpuss has confirmed that it has received an approach from a media investment fund that has directors including DJ Pete Tong and Live Aid producer Harvey Goldsmith.

Coolabi, which specialises in ownership and creative management of children's intellectual property rights, owns brands including the Purple Ronnie greetings cards character and TV series including Oliver Postgate creations Bagpuss and The Clangers, and Poppy Cat.


The company, which is listed on AIM with a market capitalisation of just under £5m, has confirmed that it has received an approach from Northern Promotions.

The largest shareholder in Northern Promotions is media investment fund Edge, which is also the largest investor in Coolabi with a 16.7% stake.


The fund has directors including Tong, Goldsmith, Sir Robin Miller, the former Emap and HMV executive, and Michael Eaton, the music industry lawyer who is also Eric Clapton's manager.


Coolabi said that discussions remain at a "very early stage" and that there is no certainty that an offer will be made for the company.

[moreforus] 15/8/2011 14:38

yep...the numbers look good as always

[bbd2] 15/8/2011 14:24

I wonder how long it will be before another suitor comes out of the woodwork. Surely, the portfolio is worth more than 9p. The potential of Poppycat alone must be worth 9p !! lol

Surely there can't be a better signal that the company is massively undervalued if the bidder is our major shareholder. If they don't know what the company is worth or what they have in the pipeline then nobody does.