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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| High-Point Ren. | HPT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| Top Posts |
|---|
Posted at 19/9/2003 20:18 by targatarga The writings been on the wall for months. Rose coloured spectacles continually fail against venture buyout teams. They delist and then dilute your holdings. This happens regularly. If you continue to hold hpt your betting that management are nice people. |
Posted at 10/9/2003 16:47 by land rover Hopefully I am wrong, but there again I havent bought in to HPT shares! |
Posted at 09/9/2003 21:34 by ken50 They need 90% to force the other 10% to sell.I don't believe 4p a share will be enough even with the scare tactics. Bit of a bummer if you're a HPT manager who's told your wife you'll be a millionaire in 18 months! In any case no bidder ever starts with their best offer. Getting to 90% is going to be very,very difficult at 4p. Patience should nudge a greedy management to up their offer. The longer we do nothing the more likely another bidder will emerge or the management will panic and offer more. Just a matter of waiting. Greed is a powerful motivator for them and the fear of losing so much will increase exponentially as time goes on. |
Posted at 09/9/2003 15:29 by land rover See clause 11 (Compulsory Acquisition) of Recommended Cash Offer. Valid acceptance of not less than 90% is required...or such lesser percentage as Charco may decide provided that this condition will not be satisfied unless Charco have acquired or agreed to aquire HPT shares in aggregate of more than 50%.Seems like charco are in the front seat on this one with 57% of HPT shares already being acquired - the rest is surely history! Good luck if you can get more than 4p |
Posted at 09/9/2003 14:11 by targatarga Im with you Ken. Unfortunately were the small fish. When Industrial Control Services was taken out at 1p the bidding vct were reluctant to divulge any info. Now they state they brought said company at a 93% DISCOUNT. There appears to be buyers paying over 4p for hpt today so maybe still a chance. |
Posted at 05/9/2003 11:11 by amb64 GHF - Depends what the paper work says in each individual case. I guess non-votes are handled by HPT articles of association, which often gives the directors to vote on your behalf in the case of an abstention. In my case, T.D. Waterhouse rejects the proposal my default, and will reply to HPT thus. If in doubt vote! |
Posted at 02/9/2003 14:51 by land rover Reeves is keen to aquire HPT, after all he was the founder of HP and is now chairman of cleveland bridge which is 88.5% owned by The Al Rushaid Investment Group (ARIC - funder of Charco and MBO). Hingley, Bell and Co have too much to lose if the deal does not go through. Interstingly, no one from Rendels is part of the MBO team, is this part of the HPT group to be sold off - 200 or so good engineers which would make an atractive purchase, particulary in the current market. |
Posted at 27/8/2003 13:31 by land rover Yes, it certainly smells. HPT have been in this situation before but managed to survive, only just. The problems stemm from club culture management, bad investments, i.e. surepower and vantage point and the objectives of management not being aligned with those of the company and shareholders. Can't see anything being different under the new banner of Charco - its essentially the same players, lets wait and see! |
Posted at 23/8/2003 23:27 by ken50 Despite the maanagement portraying otherwise this deal is not inevitable.They still need to get to 90% on acceptances . It will be extremely difficult at an offer price of 4p. I don't believe the implied threat to put hpt into administration if shareholders don't accept this offer quickly. Saying take our offer NOW or get get nothing in not so many words is simply an attempt to get small shareholders to act rashly and line the managements pockets. The longer small shareholders delay accepting this offer the more likely the management will offer more or a new bidder will emerge. I will be simply waiting and ignoring the scare tactics of management. Time is the friend of the small shareholder in this instance and the enemy of an opportunistic management. The longer we wait the more opportunity a rival bidder will have to put forward an offer. HPT management know if they don't steal the company quickly they won't get it at all. |
Posted at 28/7/2003 21:12 by biomax Panagos,re spread is difficult to judge, only few days ago, the spread went wide to 4-2.5 (from 4-3.5) shortly after HPT jumpted up 90% on heavy bying. difficult to call. I hope on positive outcome for HPT, based on heavy institutional holding above 50% |
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