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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ffi Holdings Plc | FFI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 25.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 25.50 | 25.50 |
| Top Posts |
|---|
Posted at 16/7/2019 10:29 by stemis I think that because they are a concert party they won't be able to use the 90% rule to enforce a purchase of any minority. Do they really want the hassle of a load of small shareholders? Plus, of course, for Lumiere to get to 50% and control FFI, is harder when at least 38.4% of the rest aren't selling.Today I can sell my holding at 25.05p. Note in the announcement - "Lumiere has purchased 16,953,018 FFI Shares in the market at a price of no more than 25p per FFI Share That means someone else is buying... |
Posted at 03/7/2019 11:31 by stemis Lumiere may purchase or arrange to purchase FFI Shares otherwise than under the Offer, at the Offer Price of 25 pence per FFI Share. FFI Shareholders interested in selling their FFI Shares in cash should contact Cantor Fitzgerald Europe on +44 20 7894 7590 who have authority to make market purchases on behalf of Lumiere (subject to normal settlement).I'm guessing it's Lumiere in the market offering to take any shares at 25p. You may wonder why they are bothering when they are making a bid. They need 75% to delist the company. At the moment the concert party controls 68.4%. There's very little free float. Maybe they are worried they won't get enough acceptances? Personally I'll wait. They may find they need to up their offer to get what they need. 5p on the outstanding 30% or so would only cost them £2.4m. |
Posted at 03/7/2019 11:11 by stemis The Independent FFI Directors acknowledge that the Offer Price, whilst recommendable, may not fully recognise the potential shareholder value which may (or may not) be generated in the longer term following the integration of the acquisitions and the execution of the FFI Board's strategy....Notwithstanding the above advice to FFI Shareholders, the Independent FFI Directors do however, in their personal capacity as FFI Shareholders, continue to believe in the merit and longer term potential of the Company's business and the FFI Board's strategy, as more fully described in paragraph 8 and the prospect of continuing to execute this away from the public markets in conjunction with the 777 Group, as more fully described in paragraph 12. Accordingly, the Independent FFI Directors are not intending to accept the Offer in respect of their holdings of FFI Shares... The Lumiere Concert Party comprises Lumiere, Golden Sun, JDT, James Terlizzi, the Trattner Trust, Antony Mitchell, Timothy Trankina and Stephen Argent. Essentially this is the board and Golden Sun planning to de-list the company and using Lumiere to offer an exit for any shareholders who want it at 25p. One of them that does is the CEO Ransohoff, who for whatever reason wants out. |
Posted at 03/7/2019 09:20 by stemis FFI floated two years ago at £1.50 so a takeout like this at 25p does not feel like a positive ending for most who have invested here.I doubt many holders here bought at 150p. |
Posted at 03/7/2019 09:02 by buywell3 As per normal buywell got some flack on here when he posted this on 22nd Nov 2018his first post on this thread See the chart below from that date to the present buywell3 - 22 Nov 2018 - 21:00:40 - 1352 of 2259 FFI Holdings - Flying under the radar - FFI I also look into a few things before I buy in as some have posted advfn have the P/E for this stock at 53 which is probably wrong according to the LSE London Stock Exchange have the P/E at 103 Re the share price fall total liabilities are increasing bigtime V falling earnings and cash flow from 2017 into 2018 FFI ............. 2016.. 2017.. 2018 Total Liabilities 69.25 72.41 106.05 in GDP Millions Reported EPS ..... 0.01 0.04 0.01 Operating Cash Flow 1.60 8.75 2.52 Major Shareholders Name Type Amount Holding % Golden Sun Capital Management, LLC - 48,068,122 shares 30.46% The Crystal Court Trust UDT - 47,476,547 shares 30.08% Mr. Steven Arthur Ransohoff - 40,063,750 shares 25.51% Golden Sun Capital Management shown as biggest holder,and Voyageur Industrial Minerals Ltd As of March 2, 2017, Golden Sun Capital Inc. was acquired by Voyageur Industrial Minerals Ltd., in a reverse merger transaction. Golden Sun Capital Inc.: Private Company Information - Bloomberg As of March 2, 2017, Golden Sun Capital Inc. was acquired by Voyageur Industrial Minerals Ltd., in a reverse merger transaction. Voyageur Minerals Headquarters: Calgary, Canada Founded: 2008 Subsidiary: Voyageur Industrial Minerals Ltd Voyageur Industrial Minerals Ltd Company Parent organization: Voyageur Minerals Take a look at the Mkt Cap of Voyageur Minerals note similar name now has changed of biggest holder Golden Sun Emerging Fund 48,068,122 30.46% This is an overseas based fund Golden Sun Emerging Fund Limited | ICIJ Offshore Leaks Database Sep 27, 2016 - Bahamas Leaks Entity: Golden Sun Emerging Fund Limited. Another development also re share price drop as reported recently... FFI HOLDINGS SHARES DROP AS CHIEF FINANCIAL OFFICER LEAVES ROLE FWIW IMO the chart for this share looks very grim indeed since it started over 2 year view The moving averages tell the tale dyor |
Posted at 03/7/2019 08:54 by davidosh FFI floated two years ago at £1.50 so a takeout like this at 25p does not feel like a positive ending for most who have invested here. |
Posted at 03/7/2019 07:55 by masurenguy A takeout was always on the cards here but Lumiere have picked up a real baragain @25p when the price should have been at least 50% higher !Today, Lumiere agreed to acquire 47,476,547 FFI Shares, representing 30.1 per cent. of the Total FFI Shares, from Steven Ransohoff, the CEO and executive director of FFI and The Crystal Court Trust, a trust of which Steven Ransohoff and his immediate family are the beneficiaries (the "Sellers"), at a price of 24.99 pence per FFI Share (the "Acquisition"). It is expected that the Acquisition will complete on or around the date of this Announcement. As a result of the Acquisition, under Rule 9 of the Takeover Code, Lumiere is required to make a mandatory cash offer (the "Offer") for the FFI Shares not already held or agreed to be acquired by Lumiere, at a price of 25 pence per FFI Share (being not less than the price per FFI Share being paid to the Sellers). Lumiere will make the Offer through the publication and dispatch of the Offer Document and Form of Acceptance, both of which will be posted to FFI Shareholders as soon as reasonably practicable and, in any event within 28 days after the date of this Announcement, other than to FFI Shareholders resident in a Restricted Jurisdiction. |
Posted at 01/7/2019 18:24 by cyberbub Does anyone who's been holding FFI for a while have any info about my post 2243? Thanks. |
Posted at 17/5/2019 07:06 by masurenguy RNS Number : 3364ZFFI Holdings PLC 17 May 2019 Trading Update FFI Holdings PLC, the world leader in the provision of completion contracts to the entertainment industry and one of the largest providers of production services and equipment to film makers, is pleased to confirm that it expects Underlying EBIT will be within, but at the lower end of, the range of $7.5 to $11.5m set out in its trading statement of 4 March 2019. Other than completion contracts, which has been exposed to a number of previously disclosed headwinds in the financial year, all of the Company's divisions are expected to report trading in line with or ahead of the Board's expectations. |
Posted at 29/1/2019 11:42 by cottoner Wrt a MBO it is my understanding that as long as any of these persons namelyTim Trankina, Chief Financial Officer, Anthony Mitchell, Chief Operating Officer, and Kevin Hyman, CEO of subsidiary Pivotal Post were part of a MBO then the lowest the company could be bought out at would be 30p. That is until the middle of June 2019. The City Code applies to the Company. Under the City Code, if an acquisition of interests in shares were to increase the aggregate holding of the acquirer and its concert parties to interests in shares carrying 30 percent. or more of the voting rights in the Company, the acquirer and, depending on circumstances, its concert parties would be required (except with the consent of the Panel) to make a cash offer for the outstanding shares in the Company at a price not less than the highest price paid for interests in shares by the acquirer or its concert parties during the previous 12 months. London, 15 June 2018- FFI Holdings PLC (AIM: FFI), the leading provider of diversified services to the makers of film, TV, mini-series and online media, announces that the Company has been notified that Tim Trankina, Chief Financial Officer, Anthony Mitchell, Chief Operating Officer, and Kevin Hyman, CEO of subsidiary Pivotal Post, have exercised 765,247, 340,110 and 557,780 options respectively over ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 30 pence per Ordinary Share. That is my understanding , happy to be corrected if I am wrong. |
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