Coolabi Share Discussion Threads

[sharewinner2] 20/12/2011 17:00

Yeh, I took shares. Didn't realise the other company was private, just skimmed over it. I'll look it out and read it properly.

Thanks.

[6tangler9] 20/12/2011 14:30

Sharewinner...your broker should have sent you a letter to take option of taking shares or do$h.

[sharewinner2] 20/12/2011 12:10

Oh I didn't realise. So how does that work now if I ever decide to sell?

[someuwin] 20/12/2011 07:52

...Private company now (not public) thus no ticker.

[sharewinner2] 20/12/2011 07:47

Anyone got the new ticker?

[lord gnome] 30/10/2011 17:08

Farewell Coolabi. Gone for a song! Well done Maytrees.

[maytrees] 28/10/2011 09:30

7.75p - well a profit is still a profit

[maytrees] 27/10/2011 08:35

Added twice at sub 6.70p

Should know v. soon if t/o at c. 8p is going ahead. If not the underlying business still has value.

All imho so dyor.

[maytrees] 25/10/2011 08:28

Another 100,00 share trade at 6.47p. A dummy sell gave an share price of 6.30p
so I guess a buy. T/O news soon at above 7p expected perhaps?

All imho so dyor.

[bbd2] 19/10/2011 15:02

I find it hard to believe that there is only one interested party in such an IP portfolio and with Poppy Cat ready to explode.
This has to be an absolute bargain and in any other economic climate would surely not be entertained at this level.

[maytrees] 19/10/2011 11:13

Second time recently a 100,000 shares trade looking like a buy.
Pure gamble or inspired investment question led me back in for a tiny few at 6.38p - dyor - but we should know by the end of October.

[bbd2] 17/10/2011 15:08

Is North driving the extension or the Independent Directors ? If only we knew.

[orange1] 16/10/2011 10:48

Announcement tomorrow or at the latest first thing Tuesday.

[sailing john] 10/10/2011 07:14

Off topic
Shareinfo not loading
Problem reported - hopefully back soon
SJ

[bbd2] 25/9/2011 19:30

Can't argue with that, have to hope for a new bidder who can see what is going on and see the value. Chances of that - slim indeed unfortunately.

[pennysharemillionaire2] 25/9/2011 09:03

bbd2....I'm not a holder as you know but you have all been robbed....criminal.

[bbd2] 25/9/2011 07:18

Coolabi approached by North Promotions

By David Blackwell

Bagpuss, the cloth cat made famous by a TV series, may be about to take up a new career as a rock star. Coolabi, the Aim-quoted media company that owns Bagpuss along with Ivor the Engine and more modern children's characters, has received a takeover approach at 7¾p a share, valuing the equity at £4.3m ($6.8m).

The potential buyer is North Promotions, a company funded by Edge Performance Venture Capital Trust, which is already Coolabi's biggest shareholder, with a 17 per cent stake. The Edge VCT board includes Michael Eaton and Frank Presland, managers respectively of Eric Clapton and Elton John. Harvey Goldsmith, the Live Aid impresario, is a director of Edge Investment Management.

People close to the situation said Jeremy Banks, chief executive of Coolabi, was connected to the approach. North Promotions said it attached "great importance to the skills and experience of the existing Coolabi management", but reserved the right to make a lower offer.

Coolabi, which has reported losses for the past five years, announced a fall in revenues from £960,000 to £610,000 for the first half to June 30, and higher pre-tax loss of £605,000. The company, which has net debt of £1.35m, expects the annual results to be heavily weighted to the second half.

"There is still much to do in order to realise management's expectations for the full year, particularly in the light of current trading conditions," said William Harris, chairman.

[moosh2] 21/9/2011 08:12

LG. yes, RNS statements are upbeat. but so are the RNSs of so many other AIM companies which are making losses and have no money. do all AIM shares smell lol? i don't understand why institutions wouldn't stump up ay £ for them given all the merchandising deals already confirmed. i know it's not a given that Poppycat would do the same as Peppapig (for ent1) has but i don't think it would've been as risky as, say, giving some oil/mining company a truckload of £ to only find no gold/commercial hydrocarbons.

north/edge got a really good deal and they knows it.

[orange1] 21/9/2011 07:15

But it has always been clear that the company has been dependent on overdrafts and fundraising to keep going. They now need more money and North are the ones providing it only now it is on condition that they control the company.

The directors have always looked after themselves (and not covered themselves in glory either). Just look at the money poured down the drain on the Poirot takeover fiasco and the spat with the owner of the Bagpuss rights when they announced that they had plans to computer animate Bagpuss.

[lord gnome] 21/9/2011 06:25

moosh - read back through all the recent RHS statements. The company has been universally positive and upbeat. Why the sudden change? This smells.

[moosh2] 21/9/2011 06:13

in all fairness though, COO doesn't control MM share price movement and PI gusto in buying something on momentum so 7.75p, as someone said yesterday, was a premium to the pre-offer share price if the fundamentals hadn't changed since the bid offer then why pay more based on wot PIs are buying to move the share price if the books don't match up?

[lord gnome] 20/9/2011 19:36

So then,let's see if I have got this right:
First, you announce a bid.
Second, management makes sure that it looks after itself in any deal.
Thirdly, you disappoint the market with your interim results and couple this with a downbeat statement about future prospects to lower expectations.
Finally you announce a low-ball bid figure from the bidders which the market accepts having bought your interims and outlook statement.
This has stitch-up written all over it. I am glad to be shot of it. Cynical? Moi?

[mathedavenger] 20/9/2011 19:08

Shame about this. I liked what they were doing and were building it up nicely. I suppose 7.75 will not even get back the money I spent on Scream Street books and Poppy cat books that I dished out to nieces and nephews.

I see there is the option of taking shares, not sure about this. Does anybody have any experience of such things? How would the shares be later cashed in?

[saucepan] 20/9/2011 12:39

I wonder if there will come a point where it makes sense to buy back in here, with 7.75p in prospect (but not yet guaranteed). Thinking of that already.

[lord gnome] 20/9/2011 07:45

I'm out. Took some doing in this illiquid market. TDW sold my larger tranche in one go, but I had to split the balance with Barclays into four lots to get shot - and the price moved against me for the last lot. Move on. Good luck to any that remain.