Fii Group Share Discussion Threads

[nashey1] 14/5/2003 11:27

JayBoy4,

Have you an e-mail address I can use?

[jayboy4] 14/5/2003 10:42

Hi Nashey1

They will show up later as delayed trades.
Do you know anything about this company. Is there some news coming out.
should I top up.

Rgds

Jay

[nashey1] 14/5/2003 10:11

Hi All,

I bought 50,000 shares this morning at 8.16 and a mate of mine bought some after. Why have they not shown on the trades screen?

Thanks.

[laser1234] 09/5/2003 18:21

some comfort, at least i only need 25p!!

[jayboy4] 09/5/2003 13:29

Cheers Moogee
I've had these for a while now. need this to go to 90 pence for me to break even.

[moogee] 09/5/2003 13:15

Just that Second Advance Value Realisation Company Limited as taken up a large stake in Fii and I was trying to get an understanding of what their intentions are. Which ever stock they hold they have a very pro-active style. Obviously, this will effect existing shareholders. Whether it is for the better one will have to see but I suspect that they will be working firstly for their own interest. The AMS post is just a sample of how pro-active Second Advance Value Realisation Company Limited can be.

My concern is that Fii have finally turned the corner with the first decent trading statement. Last thing I want to see after the promising start is for SAVRCL jumping in here to make a quick buck and shafting long term shareholder who may be wanting to see a return on their investment.

Second Advance Value Realisation Company Limited may do some good for existing shareholders. For the moment I'm very wary.

M

[jayboy4] 09/5/2003 13:00

What has this got to do with FII Group

[moogee] 08/5/2003 16:38

I think we'll need to keep an eye on Second Advance Value Realisation Company Limited. They seem to be just in for very short term gains. They certainly appear to have caused distress for two companies, one being Advanced Medical Solutions Group plc.

I think Doug has his work cut out.



Notification of Interest
Aminex PLC ('the Company'), the oil and gas company listed on the London and Irish Stock Exchanges, was notified on 17 April 2003 that Second Advance Value Realisation Company Limited has acquired 3,371,000 Ordinary Shares of EUR0.06 per share in the Company, which represents approximately 3.71% of the Company's issued share capital. The acquisition is conditional upon the listing of Second Advance Value Realisation Company Limited on the London Stock Exchange on 25 April 2003, whereupon the holding will be registered in the name of Nortrust Nominees Limited account AVC01.

Advance Value Realisation Company Limited. The Company's principal activity is that of an Investment Company. The objective of the Company is to manage its investment s to provide value and liquidity to its investors. The Company has not yet been approved by the Inland Revenue as an Investment Trust for the purposes of Section 842 of the Income and Corporation Taxes Act 1988 for the year ended 30-Jun-2001. It has conducted its affairs as to be able to seek such approval for the year ended 30-Jun-2002.

It has just seen the back of Advance Value Realisation Company, an investment vehicle set up to relieve institutions of stakes in unloved small companies.

25th March 2003 - Advanced Medical Solutions Group plc - AGM Resolution

The board received yesterday a request by Advance Value Realisation Company Limited (AVRC) under section 376 of the
Companies Act to put an ordinary resolution at the forthcoming AGM to shareholders to request the AMS board to invite offers
for the Company. This is much the same resolution that was defeated last year.

The principal reasons given by AVRC for this action are:
1. "An unsatisfactory share price performance"; and
2. "No recovery in AMS's trading" – "Against a background of worldwide growth in the advance dressing market of 10%-12%
year on year, the performance of AMS's core business has been extremely disappointing".
Responding to these points, the board of AMS would like to highlight that:
1. Since AMS announced the acquisition of MedLogic on 28 March 2002, its share price has outperformed the FTSE Small
Cap Index by approximately 15 per cent; and
2. AMS's core Professional Woundcare business has grown by 26 per cent. in 2002, representing double the market
growth rate that AVRC refer to in their letter.
The board is disappointed that this request was made the day before the Company issued its preliminary results for 2002 and the day before the Company had meetings scheduled with its institutional shareholders, including AVRC. A copy of the AVRC letter and a detailed response from the AMS board will be circulated with the Annual Report and Accounts next month.

[moogee] 07/5/2003 10:22

I think they are worth buying now for the reasons I have mentioned in other posts but the decision is yours.

I am expecting more information regarding the improved trading and new pension agreement around September time. Just have to be patient. I keep on topping up but I've put these in my top draw. Just waiting for Fii to get on with things.

M

[laser1234] 06/5/2003 17:49

I've held these for around 3 years and watched their value diminish, are there any thoughts on a change in their prospect or should i sell?

[moogee] 06/5/2003 13:12

Interesting article in the IC this week regarding Bradstock. Apparently, many new and old clients are holding back on future deals until the fate of the Company was assured.

This could be the case with Fii in terms of new custom. Therefore, it is one further reason why it is in the best interest of the Company, its' staff, Fii investors and moreover the pension trustees to get this sorted.

M

[moogee] 08/4/2003 00:19

If Fii reached the lofty heights of 25p I would be cheering from the rafters!!!

[calculatedrisk] 07/4/2003 09:52

Options can't be issued for less than par value (25p).

[moogee] 07/4/2003 09:21

What share options and management expenses are you referring to? Management greatly reduced with a emphasis on reducing costs not increasing them with expenses. For the management to issue share options; they must think that the share price will rise. I can't see this happening until the pension deficit is sorted out. These are just my thoughts but if you know things I would be clad to hear the specifics.

I await your new info on the above matter.

M

[lagerlager] 05/4/2003 19:56

Management will feather their own nests before ours every time. Share options will be issued and managements expenses will be paid. Were at the end of the line again.

[moogee] 04/4/2003 16:33

Company pension liabilities explained (ish)



Comments anyone?

[moogee] 31/3/2003 10:36

Lets hope not because he's lost a lot of cred.

[daz1966] 31/3/2003 08:40

Will Ridsdale return to FII ?
Leeds Utd forced him to leave.

[calculatedrisk] 20/3/2003 00:30

I have been in Fii for around three years and guess I will be in for a similar time - unless, like you, I think it becomes seriously overvalued in the future. I agree that Bradstock seems to mean that there is an obligation on the Pension Trustees to settle if such settlement matched the, gulp, alternative. Clearly the old guard have gone and hopefully a more cost conscious management has taken over.

[daz1966] 20/3/2003 00:27

In addition I know several current share holders waiting to step back in,but i cant say when.

[daz1966] 20/3/2003 00:20

I also have held FII shares for more than 4 years.
For the first time in that 4 years I beleive that the corner has been turned.
The pension fund deficit in my view will be sorted very soon & then fii can
continue as a profitable company.

[moogee] 19/3/2003 10:47

Yes I've been a shareholder for some time in Fii. Relatively speaking one could say that I don't have that many shares compared with others.

How long will I stick with this company is hard to say. It all depends on what Fii does in the future and whether I think the shares will be overpriced at a later date. Now there's optimism for you. Like many investors I was trapped by the long suspension. After the suspension I deemed that the share price was too low to sell since I believed the company could be turned around. I posted earlier what I thought the company should do to increase shareholder value. One suggestion was logically to move manufacturing overseas. Thankfully, Doug Ware is doing a good job in turning the company around to which I am grateful. I believe now is a good time to buy even under the shadow of the pension fund deficit. In view the Bradstock ruling I believe the pension fund deficit can be easily sorted out. It is in the Company's, shareholders and pension trustee's best interests to resolve this. Once this is done I would expect a re-rating of the shares. A re-rating is already due based on the bull points I have mentioned above. Also considering possible footwear contracts with major stores on the back of Fii's well-known established brands and we can quickly see how undervalued Fii really is.

So to answer your question of how long will I hold all depends on what Fii does from now on and is the share overvalued or not.

My style of investing however does tend to be long term in years.

How about you?

M

[calculatedrisk] 19/3/2003 10:06

Very interesting Moogee. Thanks. You seem to have been quite a long term shareholder in Fii. How long are you planning to stick with the company? Do you have many shares?

[moogee] 19/3/2003 09:28

Could footwear prices be hardening.



This will be welcome news for Fii since this sector has been under great pricing pressure due to over supply for years.

Another point to stick in the bulls column.

M

[moogee] 17/3/2003 15:39

that is the question.

For the bullish points:

Restructuring finally completed
All unprofitable parts of business removed
Improving sales in core business.
Latest trading statement highlighting business sales are good.
Overseas manufacturing will increase profit margins.
Pension settlement going satisfactory but slowly

and for the bears:

Possible break down of pension settlement will end Fii for good.

So, Fii a buy? Worth a punt IMHO but DYOR.