Griffin Share Discussion Threads

[opthalmist] 26/4/2004 17:57

He is selling his entire holding of around 11M - read the RNS.

[rockbottomone] 26/4/2004 17:49

The director MacClean shows he's not impressed and goes. As he's selling 11m shares out of 31m (as of 30 September 2003, might be more now) watch this plummet tomorrow.

[qfh] 23/4/2004 09:02

subtle understatement md2K

[md2k] 22/4/2004 14:59

this is looking promising

[optimist at large] 20/4/2004 19:30

Nice increase today with much more sensible closing spread. any views on the 1,000,000 trades? I would have thought too big - 3% - and too wide a price difference to be a rollover

[wole] 19/4/2004 07:50

Results Headlines:

*Turnover up 377% to #1,149,615 (2003: #305,171)
*Pre tax profit of #139,196 (2004: #5,466)
*Earnings per share of 0.45p (2003: 0.03p)
*Cash balances #427,216 (2003: #48,673)
*Excellent results of US-based Research Team
*UK office established

[wole] 08/4/2004 16:26

JakNife - No. I'm saying no one give a free loan. IMO, it is not unreasonable to issue loan notes at a discount to current market price, or average market price over a weighted period. There is no guarantee of the share price when the loan matures so IMO they are still taking a risk. In anycase they own most of the company and have more to lose/gain.

On a different note, interesting strategy being pursued here.

RNS Number:5227X
Griffin Group PLC
08 April 2004



For Immediate Release 8 April 2004

Griffin Group plc
("Griffin" or the "Company")

The Board of Griffin, the UK and US based investment banking business, announces
that Griffin intends to launch an AIM-traded cash shell, which will be
substantially owned by Griffin, to be named Orientrose 1 plc ("Orientrose"). The
Directors expect that Orientrose will have up to #150,000 (after expenses) on
Admission and in due course Orientrose will make a reverse acquisition or
substantial investment. The Directors expect that Griffin will be able to
introduce to Orientrose a number of potential acquisitions or investment
opportunities through its investment banking activities.

A further announcement will be made in due course.

ENDS

[wole] 08/4/2004 13:46

JakNife - the loan notes do have a dilutive effect on the issued shares. However, if the money raised is indeed well used to develop the business I doubt anyone will moan. In anycase no one would expect them to issue loan notes at an adverse price to themselves. And unlike share options the money is paid to the company now....

[qfh] 08/4/2004 12:03

good point.watching this with interest(whilst holding 100k) still unsure just how far this will go.

[wole] 08/4/2004 11:53

More big volume buys going thru today. I guess we'll see an explanatory RNS sometimes soon. I wonder why this company is public given so many shares are held by majors.

[wole] 10/3/2004 15:51

JakNife - He's still chairing the company tho! And if he is as bad as claimed above he still has a big chunk which he could sell on the open market putting the price on hold for a long while!

[wole] 10/3/2004 08:41

D G Maclean's Minlay Ltd has now acquired 29.98% of the company. I would suspect it has picked up the shares from Stephen Dean's Global Investments. If this is the case than GI now have less than 1.5% of the company...
One wonders where all this is going!

[wole] 04/3/2004 09:38

100K Broker buy this AM. Looking better by the minute.

[stpalm] 03/3/2004 03:33

do not trust stephen dean to advance anything but his own interests do your homework boys

[wole] 02/3/2004 18:18

Bet that was either an institution picking up some, or another of SeeMore "Butt" Piercing's clients...

[wole] 02/3/2004 18:11

5.11 mln sold after close! That's not a very helpful contribution IMO... I hope it was picked up by some useful person and not MMs or it would take years (or great news) before the price moves again...

An annoucement must come out explaining this....

[wole] 02/3/2004 17:01

Mention in todays online Investors Chronicle's Market Report. Good!!!
It probably will be repeated in tomorrow's FT.

[rockbottomone] 02/3/2004 14:59

Before buying into Griffin please research the damage Stephen Dean has done to other companies e.g. Artisan. Anything with his name attached gets my automatic veto.

[qfh] 02/3/2004 10:04

we re off whatch this space