Galileo Inn. Share Discussion Threads

[chaz99] 13/3/2003 13:12

Seriously worried, as whoever it is knows the company will be worth little-more than 1.25p in the short-term future. I definitely smell a rat.

What majority is the directors' shareholding, do we know - I've postd it before but can't find it? And what percentage is required to accept a bid??

[grebo] 13/3/2003 13:02

Hmmm, results very late, then offer at below current mid price.

This stinks IMHO, very badly indeed.

Obviously I don't know this for sure, pure speculation, but I wouldn't be suprised if directors are connected to whoever is making the offer, nice way of getting the company very cheaply. Certainly more cheaply than issuing results so we know how much cash is laft, then buying on the market.

[doodle1] 13/3/2003 13:00

may need to eat some humble pie here sreddy

[nav_mike] 12/3/2003 10:10

Looks like 1.5p offer is the price that most people cant resist

[peea01] 12/3/2003 09:19

defo a consolidation then, thought it was less that they hold but on reflection I think you're right.

[nav_mike] 12/3/2003 09:01

I thought they had over 50% in both companies? FCS 57% and SDL 60%

As I said, I could be wrong coz my info may be out of date

[peea01] 12/3/2003 08:59

wouldn't they need 51% to consolidate, otherwise would be share of profit from associate?

[nav_mike] 12/3/2003 07:19

Morning all....

Think I dropped a brickbat when I said GAI's accounts would be very straightforward.....

I had forgotten that GAI has made FCS and SDL into subsidiaries therefore unlike an investment company their results need to be consolidated into GAIs. Not the end of the world but would certainly add time to the process.

If Ive still got this wrong (particularly regarding share holding %s) then feel free to shoot me down

[jubjee] 12/3/2003 00:58

Got to agree with Kennethrich if these shares are such abargin at these prices, why has NO ONE bought any?

[argy2] 12/3/2003 00:54

I believe her because she has a track record of honest postings and confirmed holdings when going over 3%.Whereas...........?

[kennethrich] 12/3/2003 00:50

why do they need to rns the company walked away?
as if they all ways rns to let shareholders know.....
if you are such a big shareholder why were you not told then that is if you do hold that amount of share's in which i do not belive you do....
as the two shareholders JL,DL, both got told by the company ?
why not buy more as you think they are so cheap go get a loan down the bank then?

[sreddy] 12/3/2003 00:11

So what's the problem with that then? I suppose you'll say that they must have found something horrible, when we all know that it was more likely that they just decided the price was too high. I think it bodes well for the trade sale alternative for realising the FCS value.

Just re-iterates that the current price is a bargain, and even my 2.75p average is a bargain.

Ps: The above is assuming it's not just a load of codswallop (sic!) - eg. if they were in talks which may lead to an offer, where was the RNS?

[argy2] 12/3/2003 00:02

Why is it these Walter Mitty type characters (another is Whitie2 aka many others over at WGG)who hound Companies via BBs are either illiterate or dyslexic?.Same person perhaps?

[ladylucy] 11/3/2003 22:33

Mr K

Enjoyed and respected your posts on this thread, suggest this becomes the 'sensible' investors thread.

Good luck

Lucy

[minuteman] 11/3/2003 17:27

Exactly, and if they were worth their salt they would have done a bit of research first, before buying 6% of the company.

[moneypit23] 11/3/2003 16:00

That's the article I was looking for!

[minuteman] 11/3/2003 15:52

Mr K:-



That is the link to the RNS that states Mrs Reddys holding above 3% in THC...there are others before that pertain to a lesser stake.

So despite your abilty to find a golf course, you missed this what we were talking about. Trouble is, you have a vested interest in Ken don't you, and you appear to have swallowed is a totally unsubstantiated point, because he said he can give you "contacts in the city" You are right on one thing though, the Golf course is a great way to make contacts.

Good luck, but be careful

[cappagh] 11/3/2003 14:20

MrK
I haven't always been in favour of some
of your remarks, but on the whole your posts
have been most valuable, like most who
post on this thread.

[moneypit23] 11/3/2003 13:55

For the record - "sreddy" is Mrs Reddy, and regarding her holding in THC, I dug this up:


Date of Disclosure 12/11/02

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS

Date of dealing 11/11/02

Dealing in TOPNOTCH HEALTH CLUBS (name of company)

1) Class of securities (eg ordinary shares) ORD 0.01

2) Amount bought Amount sold Price per unit

37 500 0.0865
15 000 0.0865
50 000 0.085

3) Resultant total of the same class owned or controlled
(and percentage of class) 400 000 (2.49%)


4) Party making disclosure CHARLES SCHWAB EUROPE


5) EITHER (a) Name of purchaser/vendor (Note 1) MRS J. REDDY
OR (b) if dealing for discretionary client(s), name of fund
management organisation



Sorry the transactions were sales - cut & paste gets rid of spacing.

Now can we stop the "my dad's bigger than your dad" mentality?

[mrkournikova] 11/3/2003 13:53

Queenwood Golf Club is an elite golf club that is expensive to join. It is because it is so expensive that directors are members of it. Do you think directors would want to play on a cheap course with 'ordainary' folk? They earn so much money that £120,000 to be seen at an elite establishment is probably a good investment in their eyes.

Queenwood Golf Club is in Ottershaw, Surrey. Now where do you think directors would live? In the home counties, close to London! Surrey is a popular home for directors.

Those develish directors of Wiggins are members of Queenwood Golf Club!! And so is KENNETHRICH.

Where better to get insider information and mingle with directors than at such a place.

MrK

[grebo] 11/3/2003 13:45

Mr K

The laughter was directed at this amazing insider info he supposedly got from his aquaintances at the golf club that he SO desparately wants us to believe he is a member of.

[mrkournikova] 11/3/2003 13:41

Grebo,

I think that is very unfair what you have just wrote!! There are alot of people who have problems with spelling and punctuation, does that give you the right to laugh at them? Would you laugh at someone because they were disabled and in a wheelchair? I sincerely hope not!
Just because you have the ability to spell and punctuate correctly you shouldn't take it for granted that everyone else can!

sreddy,

Sorry for my comments last night, they were somewhat out of order.

minuteman

THC appears to be Topnotch Health Clubs. There is nothing here about Sreddy having a holding above 3% in this company. I don't doubt that she does have a large holding in Galileo though. Not anymore.

KENNETHRICH

Holiday in Gran Canaria was amazing!! But it was soon back down to earth when I arrived back home. Looking forward to going to Tenerife in a few months as well. Love the sun.
Agree that Galileo has all the hallmarks of going bust but in reality it won't. The results are delayed for a reason, which in my opinion is so the chairman's statement can make reference to at least 1 investee company having been floated. The accounts will not be altered from that day on September 30th 2002. Maybe the FD will have tried to have got debtors to pay up thus making cash balances stronger, who knows?! But the figures will make interesting reading, what I'm more interested in is the chairman's statement.

sreddy

Why do you think the results are yet to be published? Do you believe they will indeed be published by the end of this month, the 180 day deadline? Thanks in advance, MrK.

Everyone

I do know KENNETHRICH and he has nothing to gain by talking rubbish. What he says might sound a little ficticious but it is not. I have spoken to him on many occassions and he is extremely clued up about the markets, far more so than me. If you do not believe him or do not want to believe him then read what he says but take it with a pinch of salt. No one can prove or dis-prove what he says but I for one very much believe it.

MrK