FKI Plc Share Discussion Threads

[scrapman] 03/9/2007 09:43

I wonder if anyone has ever counted up the rumours that appear in the papers over a given period , and compared them to actual results , easist thing in the world to say X is going up and Y is coming down after all 50 % chance of being right

[texicon] 03/9/2007 09:42

would be nice!!!

[christh] 03/9/2007 09:36

and this time the Telegraph (it has its sources) which said 170p per share will be proven right.

[christh] 03/9/2007 09:32

It goes x-div on the 5 September.
3p div very good yield at this price.

But it seems its heading back to 110p then 112p then 115p then 120p then 130p.
See chart pattern for the last 2 years.
Its a classic pattern that the chart is following.

But I have a feeling a bidder will emerge.

[texicon] 23/8/2007 11:24

Rumours are always swirling around fki,but one things certain,these are undervalued at the mo.imho.dyor etc.

[scrapman] 23/8/2007 10:40

I wondered if some one like Hyundai heavy , or the Japanese co.s wwould be interested in this as a way in to different markets ??

[gurudean] 23/8/2007 10:11

There are rumours circulating that the Weir Group may be interested in making an offer. Anyone else heard the same?

[christh] 21/8/2007 15:53

Some facts about FKI being clarified by the company secretary today 21/8/07

The recent contract of £123mln does not include the £47mln per year service contract for the next 5 years.
Fki have beaten the giant Siemens to that contract, just proves that its technology And marketing was good.
There are a few joint ventures with the Chinese companies.
The offer was made for the company just an expression of interest from the potential bidder, so that's why was not announced by the company.

The mysterious bidder was never identified and will never be identified by the company.
Asking about the share price when it will go to 130p probably in two years time said probably earlier than that?????????(his exact words).

Some of the companies started selling when the price went above 130p as those companies were income fund companies and bought shares around 100p.

It did not meant the company's share price was high or anything wrong with the company just wanted to crystallise gains for the investment fund.

Total shares in issue (total voting rights ) are 588mln.
Do not ignore the fact that 327mln shares are owned by the institutions (those with more than 3% are published by the LSE and acknowledged by the company as RNS) while the others are held by private investors or other institutions (with less than 3% holding).

Also was mentioned that the directors bought shares in the company lately out of their own money.

[christh] 19/8/2007 06:32

RNS Number:4094C
FKI PLC
17 August 2007


FKI plc ('the Company')
Director/PDMR Share Dealings

Deferred Bonus Shares

FKI plc announces that the following shares in the Company have been purchased
at 94.49 pence per share for the FKI plc Deferred Bonus Plan and allocated as
follows:

Director Number of Shares

Paul Heiden 37,364

Neil Bamford 19,034

PDMR

Tony Ventrella 6,282

Following this transaction Mr Bamford now holds 134,474 Ordinary shares.
Mr Ventrella now holds 19,842 ordinary shares in the Company.

FKI plc also announces that 9,317 shares in the Company have been purchased at
94.25 pence per share for the FKI plc Deferred Bonus Plan and allocated to
Mr Reg Gott. Following this transaction, Mr Gott holds 76,333 ordinary shares in
the Company.

Purchase Of Shares

Mr Paul Heiden purchased 12,636 shares at 94.49 pence per share.
Following these transactions, Mr Heiden now holds 347,209 ordinary shares in
the Company.

Mr Simon Webber purchased 10,000 shares at 90.65 pence per share.
Following this transaction, Mr Webber holds 87,000 ordinary shares in the
Company.

A Ventrella
Company Secretary
01509 612340


17th August 2007


This information is provided by RNS
The company news service from the London Stock Exchange

[christh] 18/8/2007 10:12

LAST YEAR MAJOR SHAREHOLDERS
----------------------------
Number Holding
of shares %
HSBC Investment Management 57,550,582 9.78
Barclays plc 40,994,024 6.97
Franklin Resources Inc 35,687,573 6.07
New Star AssetManagement Ltd 35,420,371 6.02
Nordea Bank SA 29,437,044 5.00
Newton Investment Management Ltd 27,155,255 4.62
Witmer Asset Management LLC 24,465,544 4.16
Legal & General Group PLC 24,179,942 4.11
Man Financial Limited 19,299,939 3.28
-----------
TOTAL HOLDING 294,190,374





CURRENT MAJOR SHAREHOLDERS
-------------------------------------
HSBC Investment Management 57,550,582 9.87
Franklin Resources Inc 42,686,733 7.26
Barclays 39,942,660 6.79
New Star Asset Mgmt 35,610,167 6.05
JP Morgan Asset Management 30,150,965 5.13
Nordea Bank SA 29,437,044 5.05
Witmer Asset Management 24,465,544 4.16
Legal & General Group PLC 23,394,396 3.98
Newton Investment Management Ltd 22,999,417 3.91
Halbis Capital Mgmt Ltd 21,619,670 3.68
-------------
TOTAL HOLDING 327,857,178

[christh] 17/8/2007 16:16

I topped more of these at 94p.
They are worth nore than 130p.

[bigboyo] 17/8/2007 10:03

prokartace - 15 Aug'07 - 08:25 - 238 of 245

0717 GMT [Dow Jones] Goldman Sachs cuts FKI (FKI.LN) price target to 110p
from 122p, saying there is no near-term solution to the group's debt
problem.
_____________________________________________________________

as long as FKI keeps servicing those debts there is no problem -- the credit markets does not impact its engineering businesses in the same way it impacts goldman sacks !!

[gurudean] 16/8/2007 17:49

Three enormous OT's between 16.59 and 17.09 today. Anyone have any idea if they were buy's or sell's?

[gurudean] 16/8/2007 09:04

Fair point prokartace but I was thinking more of yesterday afternoon.

[prokartace] 16/8/2007 08:41

guru, what didnt drop this morning?

[gurudean] 16/8/2007 08:38

Amazing share this one - annoucement of a $123M new contract signals a drop.

Aside from a new bidder I wonder what it needs to take this back up to the 110p mark

[prokartace] 16/8/2007 00:04

3 pence as I said on 6th August Christh

[christh] 15/8/2007 21:45

The shares are worth more than 130p and the bidder knew that so he tried to cheat the company out of this trying to buy it on the cheap.
The contracts will keep coming in and the bidder will come back.
The contracy recently awarded is not included in the current price.

By the way X-dividend on the 5 September.

[christh] 15/8/2007 21:38

RNS Number:1683C
FKI PLC
15 August 2007

FKI Logistex awarded major contracts for New Doha International Airport in Qatar

FKI plc is pleased to announce that its subsidiary, FKI Logistex, a global
leader in integrated material handling solutions, has been awarded a contract
worth circa US$ 123 million to supply and install a complete Baggage Handling
System for the New Doha International Airport in Qatar. Design works will start
immediately and the installation is planned to be in operation by September
2009.

FKI Logistex has also been awarded a US$ 67 million contract for the operation
and maintenance of the system until 2016.


The New Doha International Airport will be among the largest in the Middle East
region with more than 20 million passengers per year.



Enquiries:

Paul Heiden Chief Executive, FKI plc 020 7832 0000
Neil Bamford Finance Director, FKI plc 020 7832 0000
Catherine Hicks/James Olley Brunswick Group 020 7404 5959



Notes to Editors

FKI is a major international diversified engineering group. It focuses on
businesses that have superior and sustainable market positions in sizeable,
attractive markets, leading brands and world class technology.

FKI's major divisions are:
Lifting Products and Services - world leaders in wire and wire rope, fittings
and lifting products (servicing construction and the oil and gas industries).
Sales in 2007 were £434.2m.
Energy Technology - the world's leading independent supplier of turbogenerators
and other power infrastructure equipment (manufacturing for the power
generation, oil and gas and rail industries). Sales in 2007 were £344.4m.
Logistex - a major provider of automated material handling systems (servicing
airport baggage handling, freight and parcel, warehouse and retail distribution
and manufacturing businesses). Sales in 2007 were £372.6m.
Hardware - the leading US supplier of window, storm and screen door hardware
(focused on window and door manufacturers, DIY stores and office furniture
markets). Sales in 2007 were £179.7m.
FKI judges its performance by return on invested capital and actively manages
the strategy and performance of the businesses.

This information is provided by RNS
The company news service from the London Stock Exchange

[prokartace] 15/8/2007 08:25

0717 GMT [Dow Jones] Goldman Sachs cuts FKI (FKI.LN) price target to 110p
from 122p, saying there is no near-term solution to the group's debt
problem. "FKI's announcement of the cessation of takeover talks and the
implications for its ability to refinance amid the crisis in the credit
markets necessitate a reappraisal of our valuation of the business," GS
says. Adds that while group is still committed to considering a potential
exit from both Logistex and Hardware, disposals have become harder and the
attraction of refinancing is reduced by recent credit market developments.
Maintains neutral rating. Shares trade +0.3% at 98p

[scrapman] 15/8/2007 07:40

would think the bids dead in the water , same thing happened with devro , major shareholder looked at the books for ages , and walked away , wish it wasn't the case as I am taking a huge hit on FKI, but seem to feel that as no one has shown their hand , its a non starter

[prokartace] 14/8/2007 19:27

I suspect that with a 'sum-of-the-parts' of 95p we are not going to see a bidder 130p or more.The only way up is on yield and fundamentals.

[christh] 14/8/2007 18:45

Will the bidder come back?
My opinion is there waiting to pounce back.
The discussions had gone long enough and has seen the books and the business
are exceptionally good.
If it was different it would have walked away long ago.
But to last from May to August then it meant that the bidder was deadly serious.
What will he come back though with? 130p or 140p or 170p.
Only be patient.