IN House Share Discussion Threads

[waynerwayner] 10/7/2008 15:05

25 mins left...

[waynerwayner] 10/7/2008 14:04

Heh, shareholders fighting back, love it...

[cyberpost] 10/7/2008 14:00

I've just talked to the "Takeover Panel" people. I've told them of the concerns regarding disclosure (or the lack of them IF nothing is reported by 3:30pm today) of the significant shares traded. They are passing the info to someone who deals with such concerns. They'll ring me back soon.

[magwash] 10/7/2008 13:31

perception

I know - but 'declaring' oneself bankrupt and being actually bankrupt arent necessarily the same thing. The guy is too shrewd (to put it lightly) to have done nothing in the past 2 years to ensure he was protected knowing the FSA were after him. You can bet he had all or most his assets transferred to some region (eg Israel) where UK financial jurisdiction is unenforceable.

That's why I think he could be taking over Inhouse by proxy (his mates).

[perception] 10/7/2008 13:28

FYI
Sam has been declared bankrupt

[magwash] 10/7/2008 12:41

no wayne, their reputation precedes them.

I hope it is Kahn's or his mates trying to get the company. Even better if they go hostile. The entertainment value would be worth it.

[waynerwayner] 10/7/2008 12:33

Does anybody actually trust this company, that they maybe doing OK and the approach maybe legitimate, and they are actually working hard for the company to succeed?

It seems everyone (including myself if I'm honest) just thinks Cassidy and his buddies are out to make what they can and screw over the shareholders...

Does no one here think otherwise?

[rbonnier] 10/7/2008 12:26

I wonder if Caplan got rid of his yesterday ??

[magwash] 10/7/2008 12:20

Jak.. no problem mate. I'll take your challenge.

[rbonnier] 10/7/2008 12:16

I think they either rightly or wrongly assumed their investment was going up in smoke more appropriate.Theyve assumed it was going t!ts up as a result of dire market conditions the end is nigh the world is coming to and end news everyday and the 17% stock give away for £50k

[magwash] 10/7/2008 12:16

bonnier, very simplistic arguement, BUT you cant simply dump 40% of the company onto the market makers. Those big trades were NOT done via market makers. They were cross trades done outside the market.

[rbonnier] 10/7/2008 12:12

There wont be any offer imho.A big holder will have seen Cassidy give away 17% for £50k and rightly assumed their investment was going up in smoke.So they decided to make an approach and then dump their shares courtesy of the mugs who buy the story,just my theory and thoughts.

[magwash] 10/7/2008 12:09

Dear Sir

ref : In House Group plc (IHGP)

RNS :

The above stated company issued a regulatory news release yesterday that a preliminary approach was made.

Yesterday, nearly 40% of the company's shares were traded. A siginificant number of the trades were 1% or more.

I would appreciate it if you take a look into the matter and ensure whoever bought/sold that stock does report by 3:30pm today.

There also been a 30.3m trade today (10:02am) which is close to 4% of the issued share capital. Hence whoever bought/sold that stock has to report by tomorrow 3:30pm

Can you please monitor the company to ensure all reporting regulations are adhered to.

Kind Regrds

xxxxx(InHouse Group Shareholder)

[magwash] 10/7/2008 11:54

Wayne, as one poster has said, i will also contact the takeover panel :



email : [e-mail]

[magwash] 10/7/2008 11:53

It could Sam and his mates trying to take IHGP. I know Sam has his assets under scrutiny by the FSA... but he may well be doing it via his mates. The fact that Cassidy has insisted (advised) for shareholders not to do anything show there is someone who has offered him a price and they are considering. In the mean time the offerer is picking up stock in the market accumulating at these prices - the more they can pick up, the more they can offer to the rest of the holders. If Cassidy doesnt agree to the takoever, then Sam will go hostile. Sam wants to pull one over on Cassidy and get back what he believed was his. It was Cassidy who out manouvered Sam (and his mate, the chairman) and have them thrown out.

[waynerwayner] 10/7/2008 11:47

I dont think we'll see any holding RNS's... just my feeling...

[andrbea] 10/7/2008 11:46

an L trade (30m) helping it along today

[magwash] 10/7/2008 11:42

30m = 3.8%

there has to be rule 8.3 holding RNS by tomorrow 3:30pm

Not to forget all those big trades yesterday which means we have to see holding RNS by 3:30pm today.

[magwash] 10/7/2008 11:40

ali.... building with lego sets dont count !!

[haff1] 10/7/2008 11:37

...agree, moreover it is encouraging to see - on a daily basis - some large buys coming in .... it is reassuring in the meantime IMHO..

[realcooltrader] 10/7/2008 11:32

I would have thought that the formal offer document is obliged to include all relevant information for a shareholder to be able to make up his/her mind, including latest available financial information, price of hair gel etc.

[waynerwayner] 10/7/2008 11:27

Ahh didnt spot that, thanks.

Still my point about the shareholders being unable to make a decision because of a lack of up to date financial info on the state of the company still stands... any thoughts?

[realcooltrader] 10/7/2008 11:15

"Property broker In House Group said it has received a preliminary approach from a third party"

Can an MBO be termed a "third party"? I'm sure others I've seen have used terminology like "an interested party" or turned it round to read "a preliminary approach has been made".

[haff1] 10/7/2008 11:00

...i guess the 30M was a buy.....