Internet Business Share Discussion Threads

[upthetic] 24/4/2007 12:41

...and as if by magic

[upthetic] 24/4/2007 12:41

This all points to an upward movement very soon imho.

[68steve] 24/4/2007 12:31

Hargreave Hale added 250k,nearing 9% holding,crafty MM`s...

[taurusthebear] 24/4/2007 11:59

OTOH, predators sometimes come sniffing, and don't follow through for whatever reason. e.g. CCT at 70p last year (200p now). :0)

[the blackster] 24/4/2007 11:52

nottoworry - stop worrying.

Directors look for opportunities to realise value. Simple as that. Perhaps the business is at an attractive point to do a deal. When things are going well is when you are in a good position to sell. Not when things are going badly.

My thinking is there's lots of interest in this space and the directors are capitalising on that and looking to do a deal that's in the best interest of themselves and shareholders. It will be at a high valuation. IMO etc

[hirschnathan] 24/4/2007 09:45

True liar

but aint many coin collectors here

[68steve] 24/4/2007 09:31

Any strength in the share price just seems to bring out the large sellers,30p seems to be major resistance at the moment...

[nottoworry] 24/4/2007 09:27

Why should the company review the strategy? Why should you sell a company if you beleive the business will grow in excess of 25% annually? These are the type of questions that Maz needs to answer in today's AGM. IMHO the share price would have collapsed to 15p if the company could not grow in excess of 20% and this is probably the reason for sale. I would be very cautious until we get clarification on these issues.

[liarspoker] 24/4/2007 09:26

Hirshy - I know this guy from a coin website. He's a nice bloke and needed some help ..... so I helped him. I'd do the same for you Hirshy. ;o)

BTW I forwarded him IBG's website address and explained what they did and that they had a US office. Every bit helps, right ?

:O)

[masurenguy] 24/4/2007 09:25

Still early in the day. Let see what newsflow emanates later from the AGM !

[waynerwayner] 24/4/2007 09:18

Surprising not to see this pushing on, I would have thought we would be 30p-35p this morning...

[niggle] 24/4/2007 04:31

Have a good day chaps I'm off shoe shopping in Amsterdam for the day :O)

[hirschnathan] 23/4/2007 23:00

Liar

we will let you off this time, but why are you spamming?

[liarspoker] 23/4/2007 22:27

This guy is trustworthy and pays 8%:

[nghomi] 23/4/2007 16:19

Just back from Legoland, I am surprised to see we can still buy at sub-30!

[spacecowboy3] 23/4/2007 14:26

The Blackster

Thanks for your views on the media division - I still don't understand it but it's reassuring to know that someone else 'in the industry' thinks it's a good thing!

With respect to the Directors' holdings, at 33% they hold enough shares to easily block any bid they do not like - or to more or less assure success if they do like it. This strikes me as different to a situation where the Directors only hold say 1% - in such a case they can recommend shareholders to accept or vote against a bid but ultimately they don't have the power to decide the matter. It seems to me that potential bidders are less likely to 'try it on' with a low bid in a case like IBGs, and perhaps more likely to table a serious offer because they can be reasonably certain of execution if it gets the Directors' approval.

The Directors must be in a better position to value the Company than I am (I hope so anyway!). Couple this with their large holdings and I feel much more confident here than in many other situations that ordinary shareholders will get the best price possible.

[yump] 23/4/2007 14:07

Perhaps this has confused the reporters:

"DALLAS (AP) - An investment group that includes the founder and chairman of
Affiliated Computer Services Inc. on Monday said it was increasing its buyout
offer for the information technology services company to $62 per share in cash,
or about $6.13 billion"

'Affiliated' and 'Computer' in the same company name - its enough to confuse anyone ;-)

[yump] 23/4/2007 13:45

hirsch
Don't knock it - perhaps if they all think its a web designer, we'll get a pe of 30 !

ps
Don't know why I'm finding that report funny - not really is it - just amazing from Bloomberg.

That's as ignorant as us Brits thinking that Dubya is a bible-bashing, illiterate, war-in-the-name-of-freedom president, without bothering to do the research to find the real facts.

[masurenguy] 23/4/2007 13:25

TaurusTheBear - 23 Apr'07 - 13:04 - 1526 of 1530: Masurenguy - don't be a pratt. Before NOW! Why should a company bid NOW rather than BEFORE the RNS? :0)
...............................................................................

Well I could say the same to you - why not now than before the results ? :o)

[hirschnathan] 23/4/2007 13:19

sorry I am a newbie, is that what ibg does?

[yump] 23/4/2007 13:19

Cr4zyness

Usually the 'strategic reviews' that you're thinking of are issued by companies who have an iffy track record, flat or reducing profits and are trying to dress it up in some sort of cloud that makes it sound that they are on the case.

I don't ever recall even the iffiest of them also saying trading was 'in-line' and they certainly never mention selling the company, as of course that would mean a serious dent in their puffy-chested egos.

imo 'strategic review' here, means:
"We might not insist that any bidders take us over lock,stock and barrel and neither would some of our largest shareholders. Splitting it up might be OK"
or perhaps:
"There might be some interest in taking part of the business private, but another part might be open to public sale to a bidder"

[hirschnathan] 23/4/2007 13:17

Internet Business Group Plc (IBG LN) jumped 3.5 pence, or 13 percent, to 29.5 pence after the U.K. Web site designer said it asked Altium to advise on a possible sale of the company.

[stemis] 23/4/2007 13:05

The Board is pleased to confirm that trading is in line with current management
expectations.

[taurusthebear] 23/4/2007 13:04

Masurenguy - don't be deliberately silly. Before NOW! Why should a company bid NOW rather than BEFORE the RNS? :0)