Share Name Share Symbol Market Type Share ISIN Share Description
Dcs Group LSE:DCS London Ordinary Share GB0006293756 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 12.46p 0.00p 0.00p - - - 0 06:37:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services - - - - 0.00

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Date Time Title Posts
22/11/200623:22Is a BID comming??44
20/9/200620:16Are we ready for the off?1
27/7/200622:20DCS GROUP - NEWS EXPECTED178
27/7/200622:19DCS Group...a tiddler with a more secure future !1,286
22/8/200412:37down 30 % on no news-

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thefruits: Olie... just seen your 480 shares go through... and you got more per share than I did when I sold 74k earlier ! You going to spend your hard earned winnings on a shandy or two at the uni bar this pm ? GL. TF.. ps.. PET is a longer term play.. by the end of the year I hope / expect the share price to be 2x its current price at least. The Iraqi govt is now in place, just need a oil PSA to be signed and PET will be so sought after it will be silly !
sensei10: Balcee, you are not reading the RNS properly. Under the Proposals DCS Shareholders will receive, for each DCS Share held at the Scheme Record Time, 31.5 pence in cash.
balcee: The amount DCS Shareholders will receive under the Proposals represents: - a premium of approximately 90.9 per cent. over the Closing Price of 16.5 pence per DCS Share on 24 March 2006 90.9% of 16.5p would be 29p just over 29p...
alchemy: RNS Number:4795D Reynolds & Reynolds 24 May 2006 Not for release, publication or distribution, in whole or in part, in, into or from Canada, Australia, Japan or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction PRESS ANNOUNCEMENT FOR IMMEDIATE RELEASE 24 May 2006 RECOMMENDED PROPOSALS FOR THE ACQUISITION OF DCS GROUP PLC ("DCS") BY REYNOLDS & REYNOLDS UK HOLDING LIMITED ("REYNOLDS AND REYNOLDS UK"), A SUBSIDIARY OF THE REYNOLDS AND REYNOLDS COMPANY ("REYNOLDS AND REYNOLDS") Summary * The boards of Reynolds and Reynolds UK and DCS announce that they have reached agreement on the terms of recommended Proposals for the cash acquisition of DCS by Reynolds and Reynolds UK. It is intended that the Proposals be effected by way of a Court sanctioned scheme of arrangement under section 425 of the Companies Act. Reynolds and Reynolds UK is a newly incorporated company in the UK formed by Reynolds and Reynolds specifically for the purpose of implementing the Proposals. * Under the Proposals DCS Shareholders will receive, for each DCS Share held at the Scheme Record Time, 31.5 pence in cash. * The Proposals value the existing issued and to be issued share capital of DCS, taking into account the exercise of all outstanding options, at approximately #10.9 million. The terms of the Proposals imply an enterprise value for DCS of approximately #21.7 million, including net debt as at 31 December 2005 of approximately #10.8 million. Net debt is stated before the receipt of deferred consideration of #3.4 million due to DCS in relation to DCS's disposal of its transport and logistics division to Four Soft B.V. in September 2005. * - The amount DCS Shareholders will receive under the Proposals represents: - a premium of approximately 90.9 per cent. over the Closing Price of 16.5 pence per DCS Share on 24 March 2006, being the last Business Day prior to the commencement of the Offer Period; and - a premium of approximately 155.2 per cent. over the average Closing Price of 12.3 pence per DCS Share for the three months prior to the commencement of the Offer Period. * The DCS Directors, who have been so advised by Close Brothers, consider the terms of the Proposals to be fair and reasonable. In providing advice on the Proposals to the DCS Directors, Close Brothers has taken account of the commercial assessments of the DCS Directors. Accordingly, the DCS Directors intend unanimously to recommend that DCS Shareholders vote in favour of the Scheme at the Court Meeting and in favour of the Special Resolution to be proposed at the EGM. Each of the DCS Directors has irrevocably undertaken to vote or to use best endeavours to procure that the relevant registered shareholder votes, or has procured that the relevant registered shareholder has irrevocably undertaken to vote, in favour of the Proposals in respect of the DCS Shares beneficially owned by such DCS Directors, which amount, in aggregate, to 614,143 DCS Shares representing approximately 2.0 per cent. of the existing issued ordinary share capital of DCS. These undertakings will continue to be binding if any higher competing offer is made for DCS. * Reynolds and Reynolds UK has received irrevocable undertakings to vote in favour of the Proposals in respect of a total of 11,990,787 DCS Shares, representing, in aggregate, approximately 38.8 per cent. of DCS's existing issued share capital. These undertakings will continue to be binding if any higher competing offer is made for DCS. * The Proposals will be put to DCS Shareholders at the Court Meeting and at the EGM, which are both expected to be held on 5 July 2006. In order to become effective, the Scheme must be approved by a majority in number of the DCS Shareholders present and voting (and entitled to vote) at the Court Meeting, either in person or by proxy, and representing not less than 75 per cent. in value of all DCS Shares that are voted at the Court Meeting (or at any adjournment thereof). In addition, the Special Resolution implementing the Scheme and sanctioning the related Capital Reduction must be passed by DCS Shareholders representing not less than 75 per cent. of the votes cast at the EGM (or at any adjournment thereof). * It is expected that the Scheme Document will be posted by 13 June 2006 and that the Scheme will become effective by 27 July 2006, subject to satisfaction of all conditions, including the conditions set out in Appendix I of this announcement. * Commenting on the Proposals, Fin O'Neill, president and CEO of Reynolds and Reynolds and Chairman of the Board of Reynolds and Reynolds UK said; "The combination of the DCS customer base and product offering and Reynolds' resources, brand and automotive retail experience will bring benefits to both groups' customers. It will enhance Reynolds' ability to offer its broad range of additional product solutions to the large existing DCS customer base, which includes the majority of the top automotive manufacturers in Europe, and will also provide opportunities to market some DCS products to Reynolds' existing customer base." "The international dealer services market is one of the keys to the growth of our company. With the intellectual property assets and market reach of DCS, we will be better able to address and anticipate the needs of our global customers." * Commenting on the Proposals, Colin Amies, non-executive Chairman of DCS, said: "We believe that the proposed acquisition of DCS will benefit all our shareholders by giving a fair value and a significant premium to the current market valuation as well as providing the benefits to our customers, employees and associates that accrue from being part of a large global organisation." * Hawkpoint is acting as financial adviser to Reynolds and Reynolds UK and Reynolds and Reynolds and Close Brothers is acting as financial adviser to DCS. * Reynolds and Reynolds will be releasing a press announcement in relation to the proposed acquisition of DCS separately. This summary should be read in conjunction with the full text of the following announcement and the Appendices. Appendix I sets out the conditions and principal further terms of the Proposals. Appendix II contains source notes relating to certain information contained in this announcement. Certain terms used in this announcement are defined in Appendix III to this announcement.
thefruits: Well if we look at SUG... bid came in at 2.15... MM's have offered around 2.11 max so far... so thats 98% of final offer... so I would expect to be able to get about 30.5p .. unless you simply hold on to your shares for the full term until the bid is completed (you obviously get the whole amount then)... I firmly believe that the lack of selling, lack of press speculation etc.. continued rollovers of quite meaty sizes all point to the deal being sewn up. My concern is over the price... the share price was about 14p or so before the offer came to light... 31p at that time would have seemed quite rich... We've heard of the 31.5p from a source on here.. the Times probably picked up the news from here as well.. but there's nothing really to substantiate it. DCS are obviously doing better, the recent middle eastern contract was another good win. Still holding 120k... nervously ! TF
munkoman: I suspect the share price will only really start to move, once further confirmation is received. Till then, I can see it hovering around at todays levels. Hopefully the news will come soon, the longer the news will take, the more likely the share price will drop.
thefruits: sensei10... sorry mate but I posted my buys at 17.75 & 17.85 cause the share looked cheap. The share price rose and I sold (now all) for an average of 22.52. On £10k investment thats a £2700 profit in 1hr. For me its time to take the profit and move on. Too many losses to recover I'm afraid (ETQ, ULT etc). Still in at HML though.. and will probably buy back the shares I sold earlier for a lower price later. No offence intended. I'd hardly say that I pumped the price. I simply posted what I was doing. No claims of the deal forthcoming. TF
sharptack: Double 6? 5 Sep 05 "...DCS Group is pleased to announce that it has completed the sale of its Transport & Logistics division...for a total cash consideration of £10.5 million...In addition DCS Group has reached an agreement with Barclays Bank PLC ("Barclays "), for the capitalisation of #2.5 million of current debt which would be converted into DCS ordinary shares at a price of approximately 42.6 pence per share (the "Capitalisation") together with the cancellation of warrants which are currently held by Barclays. Following the Capitalisation, Barclays will own approximately 19% of the share capital in DCS Group...Barclays have agreed to provide £13.6 million of ongoing bank facilities to DCS Group following the Capitalisation..." 27 Mar 06 "The Board of DCS has noted the recent rise in the Company's share price and confirms that it has received an approach which may or may not lead to an offer for the Company. Shareholders will be updated in due course." 30 Mar 06 "...The fortunes of the Group have been transformed during 2005. We began with net bank debt of #19.9m and ended with #10.8m and a further #3.4m of deferred consideration owing to us. We began with restrictive short term banking facilities and ended with a 5 year #10.0m Euroloan. We began with ADN owning 33% of our principal Automotive business and ended with them owning 18%...These changes have been achieved by the successful sale of our Transport and Logistics business to Four Soft BV for #10.5m, the conversion of #2.5m of debt by Barclays Bank into equity at 43p per share and a #2.5m rights issue in our automotive business holding company...We enter 2006 as one of the largest businesses in Europe focused solely on providing solutions and services to the automotive retail market..."
risperdal: If the deal was off the Takeover Panel would have forced a news release last week due to market share price fall. The fact there wasn't one tells you all you need to know about the bid status. The consensus on the street above would suggest that offer in the low 30p area is awaiting counterparty sign off. Patience.
cockneyrebel: What do you mean, car dealers not having a good time? Read VDY statement recently and look at the charts of LOOK, PDG etc - all doing much better than the press might have you believe. Retailers not doing as bad as the press suggests too imo - take a look, retailers bouncing. Might not be a boom but DCS share price is pricing in disaster imo - when the death of the car dealer has been greatly exaggerated. CR
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