We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| India Out. | IOS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 13.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.50 | 13.50 |
| Top Posts |
|---|
Posted at 25/2/2008 15:45 by johnma Result of General MeetingRNS Number:6926O India Outsourcing Services PLC 25 February 2008 For immediate release 25 February 2008 INDIA OUTSOURCING SERVICES PLC (to be renamed INDIAN RESTAURANTS GROUP plc) Result of General Meeting India Outsourcing Services plc (AIM: IOS) is pleased to announce that, at the General Meeting held earlier today, all of the resolutions contained in the circular dated 28 January were passed including resolutions approving the acquisition of the Mela Group and changing the name of the Company to Indian Restaurants Group plc. Admission to trading on AIM of the Initial Consideration Shares is expected to occur tomorrow, 26 February 2008. Haresh Kanabar, Non-Executive Chairman and Finance Director of the Enlarged Group, made the following comments: "We are delighted by the support of shareholders for our strategy of rolling out a nationwide chain of Indian restaurants based on the acquisition of the Mela Group. It is our intention to use the Mela Group's complementary Mela and Chowki brands to open new outlets and to acquire and rebrand existing sites. "The UK Indian restaurant sector has a market size of £3 billion but to date there has been no national, branded operator. We see a clear opportunity over the medium term to replicate, with high quality but affordably priced Indian cuisine, the successes seen among pizza, pasta and tapas chains. "Following today's General Meeting, I would like to take the opportunity to welcome the award-winning chef Kuldeep Singh to the Company's Board as Executive Chef Director and the restaurant entrepreneur Ashraf Rahman to the Company's Board as Business Development Director." |
Posted at 04/2/2008 14:30 by chuckycheese Dear Hardy - you are saying that the Directors of IOS are planning to act inappropriately/ illegally with the intention of stealing from the company?Wow thats is a ballsy accusation! Can you back it up with any evidence? If you can then I would certainly sell my holding. Please get back to me asap Thanks CC |
Posted at 02/2/2008 17:06 by topvest Interesting deal - quite a low price paid for a couple of nice restaurants with roll out potential. The reason why is clear to me. Mela Group was stuffed with debt and was about to be wound up: 12.2 Mela Group During the course of 2007, HM Revenue & Customs has distrained the assets of and petitioned for the winding up of members of the Mela Group over unpaid taxation. Agreement has been reached with HM Revenue & Customs to pay the arrears of taxation owed. Save for the matters described in the preceding sentence, no member of the Mela Group is or has been engaged in any governmental, legal or arbitration proceedings and no member of the Mela Group is aware that any such proceedings are pending or threatened by or against the Mela Group during the 12 months immediately preceding the date of this document which may have or have had, a significant effect on the financial position or profitability of any member of the Mela Group. Should have a £1m or so+ of free cash though post deal imo. This is after revers takeover costs, IOS cash drain over the last 6m and paying back outstanding Mela liabilities. That should be enough to open a few restaurants and get this going. Not the best time to be in the restaurant trade though. Will watch closely. I'm interested in the view of whether a roll-out Indian restaurant concept would work. Views? The concern I suppose is that these guys have opened a couple of restaurants, but do they have the skills to open a chain? |
Posted at 31/1/2008 13:54 by dope007 Yes very wrong. You may not believe this but you can buy and sell shares via many different sources. CFD's, Spreadbet, Stockbrokers. And each sector has many companies operating it in.A free tip for you is Tradindex allowed me to buy and sell IOS using a 50% margin. Good luck but don't assume because IG say no everyone else does. |
Posted at 29/1/2008 20:52 by simon54 FWIW, a view from the outside (and given that I've expressed doubts about IOS before now) - you seem to be in one helluva better position than you were a couple of days ago. I think your company maybe has too many directors at the moment, though!;-) Good luck! :-) |
Posted at 25/1/2008 09:47 by master rsi From the "UPS" thread ...............IOS The recent rise is signaling a change of direction on the TREND |
Posted at 24/1/2008 14:16 by master rsi I did selected the shares a bit earlier on the "UPS" thread, it may has help a bit sinceMaster RSI - 24 Jan'08 - 12:46 - 197 of 201 edit UPS IOS 15 - 16p On the move up as a double bottom is on the chart, the much expected reverse take over must be getting closer |
Posted at 04/1/2008 10:57 by nickcduk IOS have been a little unfortunate with their target RTO companies. They were well and truly gazumped on the first deal and then unfortunately decided to focus on some property enterprises that VT was trying to push them into. Not sure what the plan is now but cash shells on AIM are only allowed 12 months to find a business before they are suspended. IOS have had a lot longer than that. Will phone them up and check out what the score is. |
Posted at 10/10/2007 22:05 by simon54 Can't resist:"It might help though is someone with keen interest in IOS comes out with some fact based possible scenerios for IOS. i.e. what if they do indeed end up doing the deal with the announced two opportunities. What exactly would that mean in terms of deal size, deal funding, market cap of the resultant company/post deal entity and impact on share price." - any intelligent comment possible from the bulls, other than just flaming anyone who asks sensible questions? Huh? [Incidentally, RA1, describing the expenditure of 600k plus on a failed acquisition (which is what they're supposed to have been achieving, after all) as "a bit of bad luck" strikes me as being a very generous interpretation. A bit of exceptionally bad management, I would say. Remember not to answer now - you claim to have me on filter, so you wouldn't want to make an even bigger fool of yourself! ;-)] |
Posted at 10/10/2007 14:40 by v01101999 we should look at what kind of "transaction" IOS can pull off:a) Outright purchase by cash of an INDIAN entity which will become a subsidiary of IOS aka private equity model. The cash element in the company (2.62 MM as per March account) is too low for that. Agreed, you can gear it up by leverage but that is tough in today's market but even if you can gear it up 5 times, that is a total kitty of 15 MM. I am afraid that is too low to pull of any decent size transaction. I have known companies in India who have raised INR 1 BLN (100 cr) = 25MLN in the form of debt and equity package and therefore the question to ask would be why would a company be willing to sell to IOS instead of raising the required capital on their own without losing their independence. b) Reverse Takeover - giving an opportunity to list on AIM under IOS name. I am afraid that is not promising to any company who has intention of listing in INDIA. The Indian stock market is perfect place for such companies to list and it is much easier to create a secondary listing on AIM. There is no advantage to be part of a reverse takeover. c) Part of a consortium -> that is a possibility given IOS and related companies managed by IOS management can raise requisite capital however IMHO I have not heard IOS name with positive tune as part of any recent discussions related to consortium bids. It is quite possible that my sources are biased (as they did not have a good experience to deal with IOS in past) but I have no reasons to disbelieve them. Also since I only have a minute position on this stock, I have not done a great deal of research on IOS and its recent activities. It might help though is someone with keen interest in IOS comes out with some fact based possible scenerios for IOS. i.e. what if they do indeed end up doing the deal with the announced two opportunities. What exactly would that mean in terms of deal size, deal funding, market cap of the resultant company/post deal entity and impact on share price. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
