Foresight Share Discussion Threads

[pugugly] 30/1/2011 18:35

amt:> Credited to my broker's account on 24th. Hope this helps.

[interceptor2] 30/1/2011 18:32

Received mine Wednesday with Barclays..........

[amt] 30/1/2011 18:20

Still waiting for my cash. Has everyone else received theirs ?

[envirovision] 29/1/2011 17:08

Yea but fsg have a contract, it Barclays will still have to pay them off.

[stegrego] 29/1/2011 14:08

LGT set to up the business then?

[simon gordon] 29/1/2011 10:18

Bloomie - 29/1/11:

U.K. high street banks may shut services aimed at giving financial advice to customers, following a decision by Barclays Plc, as they face higher costs for providing advice, the Financial Times reported, citing a report by Malcolm Kerr of Ernst & Young.

The Financial Services Authority will impose a ban on commissions paid by product providers in 2013. Under the changes implemented by the FSA, financial advisers will have to be more qualified, driving up the cost to banks for training, the FT said.

[simon gordon] 28/1/2011 22:06

CR,

Barclays are closing the division and making 1,400 staff redundant.

[cockneyrebel] 28/1/2011 21:26

Or perha[s Barclays don't like the though of Standard life looking at all their IFA's and what they are doing?

CR

[cockneyrebel] 28/1/2011 21:24

And what does it say about Barclays?

Head doesn't know what the Rs is doing imo.

CR

[simon gordon] 28/1/2011 20:10

Felix,

Looking at the chart it'd now be c.40p if Standard Life hadn't come in.

The fear would have been that the mega wealth managers were pulling out and leaving it to the IFAs.

A lucky escape.

[felix99] 26/1/2011 20:25

I see Barclays have pulled out of Financial planning. Wasn;t Barclays the bank that gave FSG the mega order? Was the Focus product for its IFAs or something else at the bank?

Just a curious thought from a happy shareholder who has trousered lots of cash this week from Standard Life.

I expect in the years to come that Standard Life will mess it all up, lose interest and the mgt will buy it back for a song and SL will have a big write off. If this Barclays thing means the cancellation of a mega contract then its a good start for them lol.

[simon gordon] 24/1/2011 15:01

FSG cash has arrived on my account this afternoon.

Adios :-)

[nicedude1976] 21/12/2010 08:29

and what is going to happen when no action is taken to the offer (that doesn't consitutie an offer - how splendind) ?

[davidosh] 15/12/2010 13:33

nd1976....Whether you accept or not is your choice. That is shareholders voting ? I cannot see any shareholder wanting to remain as a minority if the acceptance level goes above 75% though which it is a near certainty to do.

[nicedude1976] 15/12/2010 13:30

will this offer not be subject to a shareholder voting ?

[janeann] 13/12/2010 22:25

well id sell mine to a rival bidder.

[felix99] 13/12/2010 15:16

138 are sells - getting quoted that on selftrade. TDW 137 .

Don;t need cash at present so may as well wait for the 140 . Will hold off for a few days for acceptance on my lots. Always a chance a competitor might try and buy 25% to make life hard for SL.

[dasv] 13/12/2010 14:49

"On 7 December 2010, the boards of Standard Life plc ("Standard Life") and Focus
Solutions Group plc ("Focus") announced that they had reached agreement on the
terms of a recommended cash offer to be made by Standard Life for the entire
issued and to be issued share capital of Focus.

Standard Life is today publishing and posting to Focus Shareholders (and, for
information only, to participants in the Focus Share Option Schemes) a document
(the "Offer Document"), containing the full terms and conditions of the Offer,
together with the relevant Form of Acceptance.

The Offer is open for acceptances until 1:00 pm (London time) on 31 December
2010. "

It's open for acceptance -and I think it's highly unlikely it won't go through.

[envirovision] 13/12/2010 14:30

I have a feeling those 138 are buys. Looking at what the market makers having taken on the books at 1.35-1.37 its quite a large chunk of the company, meaning its slightly easier for someone to counter the bid if they wanted to. Not that it zould hppen though?

[davidosh] 08/12/2010 11:37

The only way that the company is not going into the hands of SL is if a third party or rival bidder now decides to buy 25% of the company to have a blocking stake. It would be pretty obvious if that starts happening.

[nicedude1976] 08/12/2010 10:08

you shouldn't have been buying at the top.

btw, how much % has standard life got now ?

[sportbilly1976] 08/12/2010 09:35

back from day off...

gutted at the derisory offer put forward & accepted by the BoD....fiduciary duty - my @rse!!

just worked out at 140p I make a loss on my purchase too!!

[jakleeds] 08/12/2010 08:39

Given how cheaply they went, I'm still surprised Mastek didn't bid given they said they had up to 50mill to spend on acquisitions.

[interceptor2] 08/12/2010 07:43

I'm surprised that an analyst from Broker Shore Capital, when making a statement that the acquisition wasn't cheap for Standard Life, doesn't give his reasoning.

At least when posters here expressed a bullish view re - FSG, most backed that up with a reason to why this was the case in their view.

Regards......