Falk IS. Hldgs Share Discussion Threads

[alia] 13/10/2004 09:04

any 1 any price on fogl

[dunnie] 12/10/2004 18:09

The smart way to play FOGL is through RAB Capital who will benefit through their 30% shareholding, don't forget you will only hold 18% so it may be worth taking some profit and investing in RAB.

[64bit] 12/10/2004 13:08

sagem,
look at the recent rns (8807D, 08oct04).
i think a clue... regarding a certain DEUTSCHE ASSET MANAGEMENT
taking 200000 at 335p, i shouldn't worry too much about the rights issue.
can't imagine for one moment that's not a done deal.
shake due to the fogl float on thurs and maybe, just maybe, some deliberate
price pressure to keep the price low so that the PHFC deal doesn't cost too
much... rmbr that the price paid for PHFC relates directly to FKLs' share price
the market has focused on oil and gas, but forget not the minerals float is
also around the corner.

[ukhawk] 12/10/2004 13:07

Rule 8 about an hour ago.

[sagem] 12/10/2004 12:48

Price drop due to imenent rights issue at approx £3.50 to pay for Gosport ferry

[markymar] 11/10/2004 23:02

October 11, 2004
by J. Brock (FINN)

PORTSMOUTH HARBOUR FERRY COMPANY IN FIH TAKEOVER BID



By J. Brock (FINN)



The Falkland Islands Holdings plc (FIH) board have announced that an offer will be made by Dawnay, Day Corporate Finance Limited on behalf of FIH for the whole of the issued share capital of the Portsmouth Harbour Ferry Company plc (PHFC) not already owned by FIH on 06 October 2004. Originally, the offer consideration comprised 7 new FIH shares for each PHFC share or a part Cash Alternative of £25.00 in cash and £8.50 in loan shares (i.e. £38.50) each PHFC Share. The loan notes would be redeemed in instalments over four years.



Since the Offer announcement, discussions have taken place between FIH and its advisors and Grant Thornton Corporate Finance, the independent financial advisor to the board of PHFC, which lead to FIH agreeing to improve the terms of the Part Cash Alternative. Also resulting from the discussions, Grant Thornton Corporate Finance agreed to advise the PHFC shareholders to accept the revised Part Cash Alternative. As announced by the FIH board, the consideration payable for each PHFC share under the Part Cash Alternative will be £25.00 in cash and £10.00 in loan notes. This is an increase of £1.50 in loan notes. These loan notes will be redeemed in instalments over the next three years. According to the announcement, the Share Offer is unchanged.



As a result, Grant Thornton Corporate Finance has advised the PHFC Board that it considers the terms of the Part Cash Alternative under the Offer to be reasonable so far as PHFC shareholders are concerned. Further advice is that the Board of PHFC recommend to PHFC shareholders to accept the Offer. Grant Thornton Corporate Finance understands that whilst the directors of PHFC have taken its advice into account, they are unable to recommend acceptance of the Offer because, amongst other things, they consider that it falls short of a price that fully reflects the future potential of the Company in the light of recent transactions in the domestic ferry sector.



Said David Hudd, Chairman of FIH, "The uncertainty inherent in any bid situation distracts management and staff from the operations of the business. I said in yesterday's BBC South interview that there was some uncertainty as to the ownership of the ferry company and we were looking to resolve that uncertainty by making a bid for it. What I meant by this is that I believe that now that FIH has announced its formal Offer, this period of uncertainty as to the future ownership of the Portsmouth Harbour Ferry Company will soon be over. If the offer succeeds, the Company will become a subsidiary of FIH, and if it should fail, the Takeover Code will limit FIH's ability to make another offer for 12 months."



He went on to say, "I believe that the Offer is a generous one and am pleased that Grant Thornton Corporate Finance considers the £35.00 per share Part Cash Alternative to be reasonable and that it has advised the board of PHFC to accept it. The value of the share offer fluctuates with the FIH share price and today values each PHFC Share at over £40.00."


.......................

PLEASE NOTE THE 4 YEARS ......FOGL?........Desire i think are 3 to 4 years in front.........So why do they want it so much Portmouth..... there is more to this than the eye can see.

[bobpage] 11/10/2004 22:42

please can any body help,i am after the grey market price for fogl,surely some one must no,surely some one can find it in there heart to help,i no it has been mentioned in posts on this board before,please!!!!!!!!!!!!!!!!!!!.

[cezary] 11/10/2004 21:37

I see FKL is listed on Berlin-Bremen Exchange.
The exchange that caused a lot of problems a few months ago, because of the shorting that went on. I wonder if FKL know they are listed on this exchange!!

[64bit] 11/10/2004 17:17

hmm... i wonder what's holding us back ?
now in t3 territory for the fogl floatation.
there is one vested interest i can think of.. could it be that for every
tick up that occurs before the PHFC deal is concluded - makes the deal
more expensive..? ,just a thought ;)

[bobpage] 11/10/2004 08:50

does any body no what the grey market price for fogl is and where i can get it.

[martincoops] 11/10/2004 08:39

Morning all

Dont know if it has been posted on here, but in our local paper it has said that the Ferry company has rejected the offer from FKL saying it does under values the company. This was in Fridays The News

[keithfagan] 11/10/2004 08:26

Thanks bobpage. I downloaded one from the FOGL website last night (all 92 pages!!) and, hopefully, with a gauranteed delivery I can make it for tomorrow. Also looks a good punt to buy on the new issue of FKL as well.

[bobpage] 10/10/2004 19:30

keithfagan,
i have the number for KBC PEEL HUNT,if you phone [phone] they will send you one,but the offer has to be in by 3.00pm 12th october,try going to there web site,you mite be able to download a copy.

[atlantic1953] 10/10/2004 19:11

Towed in the hole this must be fkl.
The story makes alot of sense to me.I Dont know how good the acreage is in the falklands but i guess the success of the flotation of fogl will be a good indicator.If you have any views on fkl i would be delighted to hear them.

[towed in the hole] 10/10/2004 14:54

is this FKL by any chance?

[keithfagan] 10/10/2004 14:20

Bloody Hell I go away for a week and it all goes up and down like that lady I saw in Las Vegas (oops "What happens in Vegas stays in Vegas" as they say!!).

I applied for a prospectus 3 weeks ago and hahevn't seen a thing so if anyone has a telephone number so I can get one it would be appreciated.

[sagem] 09/10/2004 09:02

DID YOU KNOW THAT THIS SHARE PRICE WAS ONLY 65P IN APRIL 1999 AND IT IS NOW £6.00 IN OCTOBER 2004. DO YOU THINK IT COULD DO IT AGAIN.....I THINK IT CAN DUE TO THE OIL BONANZA DUE FROM THE FALKLAND ISLANDS. I ONLY OWN A FEW OF THESE SHARES AT THE MOMENT BUT THINKING OF INCREASING. BUT WILL HAVE TO SELL OTHER SHARES TO DO SO. ANY VIEWS ??

[bobpage] 08/10/2004 22:13

can anybody tell me where i can get the grey market price on fogl,a link to a site would be helpful.

[64bit] 07/10/2004 18:06

dividend payable on 4 November 2004 to FIH Shareholders on the register of
members at the close of business on 8 October 2004.

[grgkecer] 06/10/2004 12:16

Nothing to complain about, aly48:

"The chairman of FIH, David Hudd has agreed to
subscribe for 18,400 FIH Shares in the Placing on the same terms as other
placees. The other directors who have been so advised by Dawnay, Day Corporate
Finance Limited, as Nominated Adviser to FIH, consider that the terms of this
related party transaction are fair and reasonable insofar as FIH Shareholders
are concerned."

Why are assets of £12.69 per share worth paying £33.50 (cash and loan notes) for?

[aly48] 06/10/2004 11:57

From RNS............
FIH has entered into a placing agreement with Evolution whereby
Evolution will subscribe or procure subscribers for 1,492,537 new FIH Shares
raising approximately £4.73 million net of expenses subject, inter alia, to
the admission of the Placing Shares to trading to AIM. The placing price per
FIH Share is 335p.

£335p, Wish we could get it at that price !!

[hyper al] 06/10/2004 11:49

Sorry, true, I just have a dislike for evo, but that's just my opinion.

Anyway are you lot reading the info on the HNR thread?

[badgeman] 06/10/2004 11:44

Hyper Al, the MM role is very different from broker/adviser.

[hyper al] 06/10/2004 11:43

Badgeman

That's very bad news!

You should see what they did to PRM as their brokers/advisers.

PRM ended up dumping them for DKW.