Hollywood Media Share Discussion Threads

[insiderboy] 23/6/2003 15:10

SUGARBEAST

Never been to Blackpool in all my adventures......what's it like this time of year?

There isn't a nature reserve there is there...........are you telling me i could have saved some dosh and not gone to see the elephants in Gambia???

Has anyone got any dates/deadlines for a final decision about HOL as i'm getting extremely bored now.........so bored i might quite while i haven't lost anything......what's the chance of them goin lower or is this fitness first news a plus side for HOL?

See FF rose 1.5p despite no buying!!!!!!!!!!!

[hotfinance14] 23/6/2003 14:10

They have manipulated the share price.We all know that.Lets hope justice takes place and MBO does not go through.At the next AGM we will then vote Fisher off the board......exactly what he deserves....and his side kick.

[matto] 23/6/2003 13:46

Deutsche Bank (& subsidiaries) announced a holding of 4.5% last week. Don't know if they're connected to Deutsche Asset Management. It would certainly make sense if they are.

In any event I don't see Health Club getting 90% acceptance. They'll be lucky to get 80% I think. Nevertheless if they get over 75% they could declare the offer unconditional and proceed to delist the shares. Could be close as to whether or not they reach even that level.

Certainly the more I think about it the more of a con this seems to be.

[hotfinance14] 23/6/2003 13:05

Between us shareholders i would estimate we own near 10%.If we hold they are going nowhere with this MBO.

[hotfinance14] 23/6/2003 13:05

Between us shareholders i would estimate we own near 10%.If we hold they are going nowhere with this MBO.

[hotfinance14] 22/6/2003 19:41

Mercier....where did you get this information from ?

[peteh1] 21/6/2003 22:22

Good post Mercier.Thanks for the info.

[el-tel] 21/6/2003 20:17

does that explain some of the buying on Friday, not much I appreciate but surprising in the circumstances.

[hotfinance14] 20/6/2003 15:25

A barbie....are they having one tonight esmerelda ?

[esmerelda] 20/6/2003 01:22

Agree with both matto and hot but jeannie is toast, sorry I mean filtered, so I can't see what 'rubbish' was spouted. However I would remind you that some brokers require a positive rejection rather than inaction otherwise the nominee holdings may be voted for acceptance and undermine your best intentions.

Next door had a barbie on tonight whilst I was mowing the lawn. Reminded me what life used to be like before I went on a diet and fitness kick. Aaaarrggghhh!!

[hotfinance14] 19/6/2003 15:52

Good post matto.

It's a dont sell and i agree.

The sector will eventually pick up and the price will increase.The company share price is well under valued at 25p.If they delay openeing the new clubs banking arrangements should be straight forward.Deb repaid in 4 -5 years.

[g.j.a] 19/6/2003 15:38

Thanks Matto for your comments - valued........... will do same........

[matto] 19/6/2003 11:00

hotfinance14 - I haven't replied before because I'm not in a position to advise anyone what to do but jennie8's posting is clearly misleading. I am a holder and I haven't yet accepted the offer. I probably won't accept the offer until they announce it is unconditional - on the off chance that in order to get the percentage they want they may increase the bid price. Once the offer becomes unconditional they should allow anyone who hasn't yet accepted the offer the chance to do so - which I will take up - and the MM price should rise to above 25p to reflect this. I expect that they will extend the period for acceptance for another week when they next announce.

I do not know what price we will see if this deal does not go through.

[cbilcliff] 19/6/2003 10:56

jennie8 - you are talking utter cr*p

[jennie8] 18/6/2003 21:03

sell,this will fall to 5p when the deal goes through id say it was worth 5-9p hard to say but there will be no takers at this price............,.

[nellum] 18/6/2003 20:40

get the barbie on mate !!!!!!!!!!!!!!

[hotfinance14] 17/6/2003 16:35

So what would you advise a shareholder to do in your personal opinion ?
Are you a shareholder ?

[matto] 17/6/2003 15:15

I have to admit that in simple terms they only need 50% of the total shareholding to have control of the company and they are can pass ordinary resolutions with this majority.

However, for a deal to become unconditional, a company would seek (as in this case) acceptances of the offer for 90% of the issued share capital. At this point the remaining 10% can be purchased compulsorarily. However, this 90% figure can be reduced, and it may be reduced as low as 75% (the majority needed to pass special resolutions.)

If the deal goes through and they have more than 75 and less than 90%, then the remaining shares will be delisted but the holders will still be shareholders of the company having rights to dividends

[hotfinance14] 17/6/2003 14:16

What percentage of independent shareholders have to agree for the bid to go through ?

[matto] 17/6/2003 10:42

26% of the total are from people/parties connected with the deal and agreed before the deal was announced.

Roughly 50% of the remaining shareholders have agreed to the deal.

[hotfinance14] 17/6/2003 09:42

Yes nellum keep up mate.

matto....i thought they had over 60% agreed as per offer update on 13th June...did i misread it ?

[insiderboy] 16/6/2003 18:48

nellum

KEEP UP!!!!!!!

Cannons announced a week or two ago they're not interested anymore!!!!