Eidos Share Discussion Threads

[dealy] 16/1/2009 18:30

Toggle

Many thanks.

[togglebrush] 16/1/2009 17:32

Shareholders my notes from various sources:-

A) From the Annual Report

On 26 September 2008 the Company had been notified of the following interests in the ordinary share capital of the Company:
________________________________Number___ %
Time Warner Entertainment Ltd 37,518,080 14.23
Thorson Investments Ltd*_____ 25,335,804 9.61
Deutsche Bank AG_____________ 23,841,568 9.05
Cazenove Capital Management___12,515,783 4.75
ING Bank NV___________________11,454,648 4.35
Legal & General Investment____10,089,628 3.83
Pioneer Investments____________9,148,355 3.47

The directors who held office at 30 June 2008 had the following
interests in the shares of the Company:
___________30 June 2008 30 June 2007
_________________Number Number
Tim Ryan________ 81,488 43,141
Nigel Wayne______21,110 11,176
Don Johnston____ 41,555 22,000

Modified since

B) Mr Tchenguiz retains 13 million and 5% of the company. There were 45 million of his shares held in CFD's are overhanging the market. Some of these found homes with:-
14 Oct 08 Cazenove Capital Management Limited was 12,515,783 now 15,515,783
16 Oct Time Warner Entertainment Ltd was 37,518,080 now 42,518,080
This accounts for roughly 7 million.


C) Jane Cavangh and her family trusts were in the past holders of 9,103,746 or 5.5% after took up the rights issue but then split her holdings with each below 3%. These are estimates as figures were not reported.

D) On 15th December Time Warner estimated cost of shares

__________Price__Shares_______Cost_________Note

Original__5.02___8,860,897____£44,481,703__Known
Rights____0.35__23,571,427_____£8,249,999__Known
Oct-08____0.30__10,085,756_____£3,025,727__Guess Price
Dec-08____0.20__10,000,000_____£2,000,000__Guess Price

Current Holding_52,518,080____£57,757,429

Estimated Average cost of shares is £1.10p

e) There was a potential overhang of some 25 million shares in the market before the last 10 days activities.
DYOR

E&OE

[theband] 16/1/2009 16:41

ha ha, at last. That was funny.

[the crypt] 16/1/2009 16:37

DarrenS you are a rite pompous twerp- thats rite you watch the show its sooooo intriging- what a div.

[darrens] 16/1/2009 16:28

I have to say this is intriguing.

On the one hand, we've been here countless times before and its always led to nothing.

On the other hand, there's never been quite the same motivation to sell since...SCi stole it from Elevation partners (i.e. the last time Eidos were going bust).

I think it's a lottery now but I'll enjoy the show.

[the crypt] 16/1/2009 16:23

lol look at barclays drop ---- heh heh heh that nasty bank.....lol lol - know look who's laffing!!!!

[theband] 16/1/2009 16:15

Someone just sold 2 shares, was that Mr.Rogers ?

[the crypt] 16/1/2009 16:01

get rid of the useloess board!!!!!!!!!!!!!!!!!!!sack em

[theband] 16/1/2009 15:55

Could someone post the list of major shareholders please

[alanrex] 16/1/2009 15:24

excellent news. given the debt requirements, I am hoping a deal will be done. anything north of 25p will be fine by me! I fear though the impact of the management rejecting a deal, but i suspect there will be institutional shareholder pressure to complete given performance of late. will be interesting to see who is making the offer and what TW's view (may look at it positively). Those who hark on about 35p forget that many larger shareholders paid much more in the past.

all imo dyor.

[dealy] 16/1/2009 15:20

Speculators are thin on the ground these days. They have either lost all their nerve, all their capital or both.

Volume is pretty low indicating that there is little appetite for betting on a successful takeover. That fits in with the current horrible market imo.

What counts now though is what one or more parties are willing to pay to own Eidos. I think it will be more than 25p.

[5huu] 16/1/2009 15:08

Well, bit dissapointed with the rise today. Looked good today for the first 15 mins of trading. Starting to drop back a bit but if the week-end press is full of juicy tit-bits! Monday could see a very strong start. In any case, very happy to hold. The game has just begun. Good luck all.

[dealy] 16/1/2009 14:10

I don't believe we will fall back to 10p. The board would not have made the statement yesterday if it didn't believe the offer to be reasonably likely to succeed. Movements up or down per se do not warrant statements in this market. Yesterday's rise only undid the fall from the previous day so it was not worth mentioning.

I agree about the funding for small businesses being important. There is nothing short of hysteria right now with regard to rolling over debt.

[the crypt] 16/1/2009 14:06

life of grime - absolutely agree - very good point

[life of crime] 16/1/2009 13:49

FWIW, I think the news from the Govt yesterday was more important than the bid. £20Bn is bieng pumped into the banks specifcially to help firms like Eidos (SMEs) from having their credit withdrawn during the recession.

I don't think Lloyds would impress Gordon Brown too much, esp as the Govt now owns half of them, if they pulled the rug under the UK's largest video games company (which it has made great play of promoting games recently) just because they would not rollover some of the firm's debt.

I think that puts Eidos in a much stronger postion to rebuff an opportunistic bid and I strongly suspect it will come to nothing. Expect the share price to drop back to 10p if that happens but to rise again if the re-negotiate their covenants. Still, its good to know that someone else apart from me thinks the company has assets worth owning.

[altube] 16/1/2009 13:35

yes a wise daft guy $>)

[the crypt] 16/1/2009 13:09

LOL - So your a wise guy too?

[altube] 16/1/2009 13:07

I have been known as a daft fool B>)

[the crypt] 16/1/2009 13:01

altube - lol - are you daft or just a fool?

[altube] 16/1/2009 12:56

So 35p buyout will be 70m for TW. However they will get 50m back in tax losses. So true cost only 20m or am I missing something.

Al

[the crypt] 16/1/2009 12:48

you gotta hold em until valued at least between £80million - £120 million - ip value, games, infastructure, know how and tax losses...............

[the crypt] 16/1/2009 12:40

Exactly DEealy - now yer thinking - yer plonker!!!! the losses alone may this company viable to profitable profit......................................

[dealy] 16/1/2009 12:09

Great post Toggle.

Well there are at least £160m of tax losses carried forward just from 05 to 08.

An acquiror can use these losses to avoid about £50m of tax on future earnings from these assets.

[the crypt] 16/1/2009 11:58

waht are the tax losses - otherwise known as the deferred tax asset in the accounts.

[the crypt] 16/1/2009 11:57

this will rise again when the US market wakes up...............lol lol - expect to see a 5p rise today!!!!! back up to 17p mid.