Boostgold Discussion Threads

[nevar] 15/4/2010 13:35

There is a very simple reason the board got the push .. they were running the business for their own interests and while they continue to believe that the business was undervalued it may be just that they were what was holding the value down.

Perhaps if Constellation saw some skills they would still be there.

Anyway, this one is put to bed so the staff must be over the mooon and the extra profit Constellation will make by removing the said's obscene salarie is a no brainer.

[egoi] 15/4/2010 12:53

I don't think Said endeared himself to Constellation, but I doubt he was popular with many shareholders.

Davidosh if you like MUBL then Plus-Quoted's One Media looks even more undervalued to me at 1 million. Not an overnight sensation, but Michael Infante, who co-founded MUBL, is the guy in charge, and he's at it again.

Profitable with cash and no debt, the business model is just starting to deliver now that the basics have been established.

Such a simple but effective business model infact - why didn't I think of it!

Not sure of my timescale for the growth, but I do feel it is the best potential low risk growth stock on the market at present.

Although the recent RNS was only a small example of the business model, I think it does show how low risk and easily achieved progress could be from here.

Here's the extract from the RNS which should demonstrate what I mean:

'....Originally, One Media acquired 1500 tracks on a 15 year deal with Tropicana in
2006 for a consideration of £40,000 which is now fully recouped. The new 25
year deal is an extension from today and adds a further 600 Tracks to the deal.
To conclude both the digital deal and the publishing deal, One Media has paid a
further consideration of £20,000 plus an increased royalty share to Tropicana
Holdings Ltd., the catalogue owners.....'

[davidosh] 15/4/2010 12:35

My broker says the cash should be available by next Wednesday. Time to target more undervalued situations and one of my favourites is MBL Group (MUBL) for your research if you guys are also moving on now. Current p/e is four and heading into the threes possibly if the eps is 40p plus in the July finals. They have no debt and will probably pay around 5% divi (6p last year). Very good recent contract wins and news but share price has been drifting for last couple of months until recent slight tick up. I will probably post my recent research shortly over on TMF but basically they have gained significantly from the demise of Woolies as their division named EUK was the biggest player and went down overnight.

[isis] 15/4/2010 12:31

All Companies are potential Takeover targets on the LSE. It is not unusual for the predator to put there own Management in, it seems there was/is definite hostility between the GLD Board and Constellation.
Let's be fair though Constellation's first offer was derisory and 33p although not the best will have to do.
SZ will be paid off and collect on his options and shares and I doubt will have any problem finding another Directorship. The others are non-execs so don't really matter.

There has always been a lot of shareholder hostility with this co. but it was all down to R&C and nothing to do with those since.
All over now anyway.

[ldmachin] 15/4/2010 12:09

"Indeed, Constellation has already made it clear to the Board that it wishes to change the composition of the Company's board of directors in its entirety."

- Told ya the board would get the push... and rightly so, they made an enemy of Constellation... that's why they fought hard for Active to be the preferred bidder... and they failed, and it has cost them their jobs.

[mikey34] 15/4/2010 09:15

And I forgot to thank people like Brian Raven and James Middlehurst who resided over a fall from c200p to 10p in a few short months.Then again why would anyone be surprised at that?.....Middlehurst had,in his previous post brought Dorling Kindersley to its knees by ordering about 7 million too many Star Wars books for Xmas 1999.So a great appointment here!Unbelievable.

[isis] 15/4/2010 08:50

I don't know why other IT Infrastructure Companies didn't go for this more given it's consistent profit and revenues. I can only think they couldn't raise the money or were still very cautious in the recession.
Constellation always had the upper hand with their large stake, but I'm not complaining too much as if there were no bid they would likely fall below 30p again and leave us stuck.
There are other reasonably and cheap priced stocks out there to reinvest in and I have switched nearly all my dosh into Blue Chips now with some nice dividends.

This is a new Bull Market peaking in around 2-3 years time. imo

Good Luck all.

[mikey34] 15/4/2010 08:44

Well that's it folks.IMO they will have grabbed this well below where it should be....I'm underwater on this as a long termer who should have exited and didn't.A CGT loss for me to remind me of my more inexperienced days.

[bobthetrader] 14/4/2010 19:00

I have now accepted the offer made by Constellation as I guess most of you have done so by now.

Hope to receive my funds within the coming weeks and then maybe I'll have the opportunity to talk to you again on my next investment.

This has been a somewhat boring thread but still sad to see it go.

Wish you all the best!

[patviera] 12/4/2010 21:32

gg i upto 3.5 pct in ekt...just had trading stmnt...do hope forecasts of 4.5 eps by finncapp for 2 years time will be met and my 60p tgt gets hit.figs in june x

[nevar] 09/4/2010 17:47

We are sitting on 3m any offers?

[boll] 08/4/2010 18:18

Yes really weird - they will probably come out with something in a months time!!!!

[bobthetrader] 08/4/2010 12:33

It has gone very quiet on here, am I the only one remaining?

I find it very strange that we still await an announcement from 'GLD' after 1 week passing since Active Network pulled out.

I imagine they have their reasons for not doing so!

[grahamburn] 06/4/2010 14:24

isis.

The offer document says that shareholders accepting AFTER the offer has become unconditional will receive their proceeds 14 days after receipt of their acceptance. So the sooner the acceptance is in, the sooner the money is received.

[isis] 06/4/2010 14:07

I doubt they can do much about it now, they will probably issue a statement after hours.
They tried for a better deal but time won out.

Whether you accept today or tomorrow will make no difference to when you receive the money.

[von scarback] 06/4/2010 14:04

Just receive my online offer via Halifax. Have accepted as seems little point waiting for something else to happen. Cest la vie.

[bobthetrader] 06/4/2010 12:33

Well I now have my on-line acceptance statement! Should I accept or wait until the on-line deadline of the 15 April?

Is there much point in hanging on? I would have thought 'GLD' would have made some kind of comment this morning, either a recognition that it was all but over or a statement to say there was still an opportunity to sell at a higher price.

[isis] 06/4/2010 09:26

Given this has been going on for 5 months and we all knew there was a potential bidding war once Constellations time limit expired then those involved should have made their moves earlier.
Fortunately there are still plenty of cheap stocks in the market to reinvest the proceeds so can't say I'm too upset with the price.

[boll] 05/4/2010 14:30

Agree with gg

I think the board have done well to get us another 8p per share however I think that active network potential interest came too late - myt acceptance is now in the post so I now have to reinvest the proceeds

[greengiant] 03/4/2010 16:02

Well I would say that this one is now done and dusted. There is little point in trying to gain a minor stake. My selling was luck (and the fact I didn't like it when JS sold to Constellation) but one thing to consider, is that this board have added 8p (25%) worth of value in 18 months. That is something we all should be grateful for.

gg

[bobthetrader] 03/4/2010 10:02

Is there a possibility the 'GLD' management will pull their resources together and make an offer of 36p for the remainder of the shares or at least 25-30%?

I'm not suggesting they attempt to buy the whole business just enough to make it difficult for Constellation.

Would there be any point in doing this, and if so are they allowed to?

[isis] 01/4/2010 21:23

Lancaster - your Broker is supposed to advise you either by email or letter if you are not on-line.
If they are not I suggest you change them.

I use Selftrade and they advise me of every move by email.

It looks like Constellation have won and we should expect confirmation from GLD next week, all you have to do then is instruct your Broker to accept the offer which should be free of charge.
If you sell in the market you will lose a penny and get charged.

[adventurous] 01/4/2010 21:17

Lancasterbomber - Your call.

You can sell at less than 33p and less commission or wait for the 33p from Constellation.

Personally, I jumped out at 34.15p and moved into a more promising share which has since moved up with the market. If you have such a share in mind it may help you decide whether to hold for the 33p.

[lancasterbomber] 01/4/2010 19:08

I hold some of these in my sIPP, what do I do now, sell on Tuesday or wait for Constellation to buy them off me?