Insetco Share Discussion Threads

[blue chips] 20/4/2005 18:47

Have received a letter today from the Board of Incite requesting that at a General Meeting on 11 May the name of Incite be changed to Cielo Holdings Plc.

[cheltspy] 18/4/2005 23:41

whoever reverses in to this will be wanting to buy in. There is 200m unissued shares up for grabs, which by todays standard is not a lot, could raise significant amount of money if played right.

The AIM rule changes including £3m minimum raise for new issues have kept this one alive, which is why we still have a market cap of £5m

[blue chips] 18/4/2005 21:07

I think there is still a lot of fight left in this one.

It's by no means over and done.

I hope it will rise from the ashes to surprise us all.

After all somebody was buying large blocks of stock today.

[wywcu1] 18/4/2005 13:46

what a day to pick a comeback!

[cheltspy] 18/4/2005 09:56

Why am I getting the urge to buy these, despite a 90% loss, must control myself.

[cheltspy] 18/4/2005 09:27

From Telegraph
Comeback for phone firm Incite
By Gary Parkinson (Filed: 18/04/2005)

Incite Holdings shares are today changing hands on the Alternative Investment Market for the first time since the mobile phone content provider ran out of cash over a year ago.

Trading was suspended in January last year after Incite failed to provide accounts less than five months after it raised £1.5m in a high-profile flotation. A consortium, led by former stockbroker and City PR boss Adam Reynolds, has raised £1m through a debt-for-equity swap and culled the majority of Incite's board.

Incite's sports content business has been sidelined too, turning the company into a cash shell seeking a mooted £50m-plus reverse takeover in the media or telecoms sector. Three deals are being considered.

The shares, which more than trebled to 75p before suspension, valuing the business at over £22m, are expected to trade at around 2p this morning. Administrators were called in at Incite in December.

[cheltspy] 18/4/2005 08:15

Slightly better than 0.1p @ 4p on the sell

[triggshod] 18/4/2005 08:10

it was suspended at 26p, so as the man says, a wipeout.

[cheltspy] 13/4/2005 20:28

Total wipeout. There worth nothing less than 0.1p, Oh well I needed a CGT loss anyway.

[fatnacker] 13/4/2005 19:17

new to this share noticed its due to return on monday anyone know what price was it suspended at or anything else relevent? thanks in advance

[cheltspy] 29/3/2005 08:17

In the absence of any news, any news is relevant, particularly that a director is nolonger in incites full time employment.

[christophelamaison] 29/3/2005 07:51

So what Cheltspy?

[cheltspy] 28/3/2005 00:21

Niche media firm Marriott Harrison has hired Incite Holdings in-house lawyer Martin Boulton as a partner.

[cheltspy] 05/3/2005 12:08

It now appears that the incite and the on sites have stopped trading. Question is now how much money is left in the pot for this reverse takeover? if any.

[cheltspy] 28/2/2005 19:48

Thats still a unknown, we have yet to see the accounts for last year and how much of the old share value is being transfered to the company reversing. I assume the exiting directors holdings may also be part of the deal in which case value may still be there.

Current Major Holdings

Simon Hellier • 6,610,668 22.53
Anthony Kenneth Davies • 6,253,334 21.49
Bruce Pleckinger 6,225,000 21.22
Elenora Intl Inv Ltd 4,921,309 16.77
Barnard Nominees Ltd 4,471,309 15.24
Kinsale Mgmt Ltd 1,600,000 5.50
Martin Clive Boulton • 1,572,267 5.40
Chase Nominees Limited 1,275,000 4.35
Neil Harper 1,250,666 4.30

[christophelamaison] 28/2/2005 13:58

Think Lawrence did the right thing getting out of the English Rugby team and this bunch of clowns - what price do we think it'll come back on at? 5p?

[cheltspy] 26/2/2005 12:32

Seems very odd that someone is trying to save Incite. Prehaps they, who ever they are, can see value in the company.

[georgeski] 24/2/2005 01:29

An article in the Daily Mail on the 23 feb says:

"may have found a saviour. Word is former stockbroker and Hansard PR boss Adam Reynolds is to front a consortium that will soon reverse a company into Incite and dealings will be able to resume"

I guess we will have to wait and see

[cheltspy] 23/2/2005 11:13

Embargoed: 0700hrs 23 February 2005

Incite Holdings Plc

("Incite" or the "Company")

Directorate Changes

Incite announces the appointments of Adam Reynolds and Paul Foulger as
Directors of the Company. Managing Director Simon Hellier and Commercial
Director Anthony Davies will be leaving with immediate effect to pursue other
business interests.

Adam Reynolds' (aged 42) directorships and partnerships over the past five
years are as follows:

Current Past

Hansard Communications.Com Limited Marchpole Holdings Plc

Hansard Group Limited Financial Development Corporation Plc

Hansard Corporate Limited 64 Addison Road Limited

Alan Bailey Studios Limited

A & P Investments (partnership)

Boldwood Limited

Paul Fouger's (aged 35) directorships and partnerships over the past five years
are as follows:

Current Past

Hansard Communications.Com Limited Financial Development Corporation Plc

Hansard Group Limited The Heritage Image Library Limited

Hansard Corporate Limited Heritage Image Partnership Limited

Alan Bailey Studios Limited Fuel IT Limited

Boldwood Limited Fuel Holdings Limited

Brainstorm Mobile Solutions Limited

Brainstorm Marketing Solutions
Liimited

Save for the information disclosed above there is no further information
required to be disclosed under Paragraph (f) of Schedule 2 of the AIM Rules.

Martin Boulton, Executive Director of Incite, commented:

"I am very pleased to welcome Adam and Paul to the board. We will be working
together towards the re-structuring of the Group, the restoration of trading
and the implementation of a coherent strategy for the future of the business."

Simon Hellier commented,

"Now that we have identified both a planned route through to a resumption of
dealings in the Company's shares and new investors to take the Company forward,
I can now stand down as a director to pursue other business interests."

[cheltspy] 23/2/2005 09:23

THREAD CLOSED.

Now trading as Cielo Holdings Plc(CIH).

New Thread

[cheltspy] 23/2/2005 09:14

Will someone tell us what th heck is going on?

[cheltspy] 06/2/2005 14:12

Yes it is still trading, but I think that all is lost on this, very much doubt that this company will ever return. However I am surprised it hasn't been delisted, possibly only by virtual of some regulator legal action pending.

The only hope on this.

[georgeski] 06/2/2005 12:38

Anyone know if this company is still trading?

[cheltspy] 21/11/2004 11:13

The Sunday Times - Business
November 21, 2004

Funds threaten to boycott stockbroker

LEADING fund managers are threatening to shun future fundraisings led by Evolution Group, the stockbroker, writes Richard Fletcher.
The move follows profit warnings from two Evolution-backed firms, Medical Solutions and Plant Health Care, just months after they raised a combined £9m. The value of both has collapsed.

The rebellion is being led by New Star's Patrick Evershed, one of Britain's most respected fund managers. "There has to be confidence between broker and fund manager," he said. "I have lost that confidence." Several other fund managers have also expressed concerns.

However, a spokesman for Evolution rejected the criticism. "The value of companies we have raised new money for this year has increased 11.6%. The average increase in the Small Cap index is just 3.5%," he said.

Evolution's shares have risen from 23p in March 2003 to close this week at 146Åp, but traders have bet millions of pounds on the price falling.

The shares fell on Friday amid concerns about Evolution's close relationship with Commerzbank, which is in chaos after cutting 275 jobs in London. As well as owning 8% of Evolution, the special-situations desk at Commerzbank holds large stakes in a string of Evolution-backed companies. However, Evolution stressed it had a normal relationship with Commerzbank