Coretx Hldgs Share Discussion Threads

[sweetiepye] 28/3/2006 09:40

hi y'all

....and we'll never know what they found and did not like in their due diligence - on that basis don't hold your breath for ER

bi bi

[sweenoid] 28/3/2006 07:38

oh well :-(

ER still in the frame so will hold for outcome - worse result is the mbo offer of 425p

Sweenoid

[rebess] 27/3/2006 12:17

Something afoot here!

The mystery surrounding this buyout deepens.

[sweenoid] 26/3/2006 12:14

times reporter is obvously CONFUSED

:-)

good news to see that the name of ER's finantial advisors are in the public forum

regards
Dave

[slaterlp] 26/3/2006 11:22

Also from the times online.


Entertainment Rights, the owner of Postman Pat and Basil Brush, has appointed Bank of America to make an informal approach for Chorion, the owner of Noddy, The Times has learnt.

ER was yesterday forced by the Takeover Panel to issue a statement on whether it was interested in a bid for Chorion.

[slaterlp] 26/3/2006 11:18

From the times on line today . APAX also in the running see link below


All a bit confusing. Why would HIT abandon? Doesn't APAX own Hit anyway?

I dont understand whats going on here. See below.

"A move for Chorion would be a logical step for Apax, according to media analysts.

Last week Chorion agreed a recommended offer by 3i. Europe's largest private-equity group is backing a management team led by the Chorion chairman, Lord Alli, and the chief executive, Nicholas James.

But analysts believe that Apax, which acquired Hit in a contested bid last year, should be able to pay more because it can generate cost-savings by merging the two companies.

3i has agreed to pay 425p a share. Under company law, Chorion has to make available the same financial data to any potential bidder that requests it, and Apax is keen to study the information in detail to assess whether it thinks it can pay more. All parties declined to comment.

[miguel] 26/3/2006 10:00

I noticed this at the end of an article about ITV in the Sunday Times today:

"Hit Entertainment, the owner of Bob the Builder, is this week expected to abandon plans to bid for Chorion, parent company of Noddy, which is the subject of a management buyout backed by 3i."

I don't see the connection........

[srpactive] 24/3/2006 17:01

sure you are not thinking
of the milky bar kid,
saying the milky
bars are on me.

regards

active

another step near to our 500p anyway.

[rebess] 24/3/2006 16:24

Sweenoid, expert on Noddy - don't you mean nucky?

Cheers.

[sweenoid] 24/3/2006 11:18

hangs about I am the noddy expert on this bb ;-)

Ginger Beer was DEFINATELY Noddys famous tipple

regards
Dave

[srpactive] 24/3/2006 09:51

the famous five not noddy.

[sweenoid] 24/3/2006 08:19

460 p here we come

the ginger beers are on me as Noddy would say!!!

:-)
Sweenoid

[sweenoid] 24/3/2006 07:52

did the ER interest generate any press this morning ?????

it makes a good story

Sweenoid

[sweenoid] 23/3/2006 21:41

management were taking the mickey at 425p relying on fed-up investors being prepared to take the money and run.

After all this time the company has been turned around and the Mr Men franchise is just about to deliver and Noddy mature (the AC and crime franchise has always done welland will continue to thrive in it's gendre)

This investor and his wife will sit it out to the bitter and inevitably more profitable end

£5 is the price for my shares .... I will be more than happy with that.and to be frank I suspect that figure is close to what the current management would be prepared to offer (if they HAVE to ) as well!!

Sweenoid

[sweetiepye] 23/3/2006 18:41

hi y'all

my how things change - way back one of the bbs stated words to the effect that staying independent was not a solution - this is a low yielding asset - at best a (very) long term one - it is an excellent portfolio

whatever happens from here the crying need is for very large amounts of very cheap money so the timing could not be better for the private equity lads - properly geared this is a very good business - but hargreaves shows just how much you need and even now we don't know how long it will take to show an acceptable low yield

for us the question is "do we get out now or do we stay for the ride ?" - assuming the company can get access to a large amount of long term debt (securitised on its revenue) is it not possible that the ali and team might put forward an incentive scheme to give them what they want but leaving the company as is ? i think they might get enough support...... but i would want some new non-execs

this could be a good long term play - any thoughts ?

nite nite

ps i don't see this as an auction..... of course i could be wrong....

[Abuse team] 23/3/2006 17:21

Post removed by ADVFN

[sweenoid] 23/3/2006 17:20

IF either HIT or ER bid it will be at 460p initially , I fully expect a counter-bid by management at that level which to be taken seriously would have to come in at circa 475p

500p is a possibility but we have to have an aggressive bid 1st!

Sweenoid

[srpactive] 23/3/2006 16:31

hit entertainment, entertainment rights,
blairs mate and management looks like a bidding
war in the making imho, and this is not
including DISNEY, who was mentioned as a
predator when we were spun from original chorion.

dyor

regards

active

dare i mention 500p our target.

[sweenoid] 23/3/2006 16:29

Entertainment Rights join the party

spendid .......

PRESS SPECULATION REGARDING CHORION PLC ("CHORION")


The Board of Entertainment Rights Plc ("Entertainment Rights") notes recent
press speculation regarding Entertainment Rights' intentions in respect of
Chorion. The Board of Entertainment Rights confirms that it is considering a
possible offer for Chorion and wishes to make clear that it is endeavouring to
assess the strategic and financial condition of Chorion. The work is at a
preliminary stage; shareholders in both Entertainment Rights and Chorion should
be aware that there is no certainty that an offer will be forthcoming.

Sweenoid

[sweenoid] 23/3/2006 14:00

waiting till 460p to even consider giving mine up

a calculated gamble but hey that's what this lark is all about isn't it !!

:-) on and up
Sweenoid

[srpactive] 22/3/2006 13:54

me too, ali thought he could b.y
this company as cheaply as his pe.rage
no doubt, blairs mate, time to go.

regards

active

[sweenoid] 22/3/2006 13:44

well said that man

my wife and i voted againgst , the fun is just starting :-)

Sweenoid