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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| ISG | ISG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 172.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 172.00 |
| Top Posts |
|---|
Posted at 29/1/2016 16:18 by exbroker This bid we be decided by the top 10 shareholders not the private investors so unless you hold 500k+ you won’t get a phone call!!This has been pitched at a very clever level, Cathexis have played a good hand so far the board have looked flat footed and have not given enough reasons as to why the bid should be rejected. |
Posted at 20/1/2016 15:18 by grahamburn The third conclusion is simply a statement of fact and doesn't add up to anything significant because as Ed 123 says Cathexis are almost at the maximum permitted holding. Indeed, Catyhexis could theoretically take part ina future fundraising provided it only participated in a pro rata fashion to its existing holding.The wording of the document implies a veiled threat to the inexperienced investor that Cathexis is somehow involved the day-to-day running and financing of the company. It is not. In short, IMO that particular conclusion doesn't stack up - any more than much of ISG's own defence. |
Posted at 14/1/2016 09:51 by lgw500 Oh dear! The reasonably weak FD wishes to walk the plank at the worst possible time and, worse, the replacement is even weaker - much, much weaker. I know I think Cathexis has been feeble in this saga but it is increasingly seeming that they are the only hope for investors. |
Posted at 12/1/2016 12:11 by grahamburn All available easily on the company's website. Just go to the Investors Centre and follow through to the Takeover Section accepting the Disclaimer etc. Simple, colourful high impact brochure-type response, hammering home on every page the need to ignore the offer. |
Posted at 21/12/2015 17:40 by lgw500 The second response to the unsolicited bid seems a bit rich. Mr. Chairman states that Cathexis is an astute investor - I thought those type of investors picked up stock at low prices on the way to a bid, usually without two attempts at a profit warning by the target's management. If Mr. Chairman thinks 143p is a steal, then come on, let's see an MBO. Right, I didn't think so...... So, Mr. Chairman, when are you going to resign? Santa's patience is wearing thin. |
Posted at 02/12/2015 16:23 by lgw500 I wonder how smug Octopus are with their holding. They are expert AiM investors. Cathexis LP may wish to bid for the whole shooting match at £1.50. Just look at the list of significant shareholders with egg on their faces. I hope they give the management (none of whom has even built a airfix model) a hard grilling. |
Posted at 14/7/2015 15:06 by paleje 3i like them and report bullish forecasts from Numis:-ISG looks dirt cheap By Lee Wild | Tue, 14th July 2015 - 14:02 Share this ISG looks dirt cheap Five months after a savage profits warning then dire set of half-year results just four weeks later, builder and office fit-out firm ISG (ISG) has reassured shareholders that full-year results will be no worse than heavily-downgraded forecasts. It will pay a dividend, too, following a strong second half, and is optimistic about 2016. Investors certainly appear willing to forgive. ISG shares had lost as much as 60% of their value between January and early April, plunging to 140p at their nadir. However, they’re up 4% Tuesday as management's bullish tone hints at a recovery in progress. ADVERTISING At least bosses have not been idle. After warning that troublesome construction contracts would cause a £7 million profits miss, and flagging £6 million of extra costs and making an £11 million provision for shutting its Tonbridge office, they quickly raised a net £15 million at 170p. Now, ISG says results for the year ended 30 June 2015 will be in line with reduced expectations, although it does admit its estimates may be out by up to £2 million. That's because chiefs are still thrashing out terms on the older loss-making construction contracts which caused the profits warning in February. "We believe the poor performance and painful restructuring of the UK Construction division is now behind us," they add. (click to enlarge) Expect a reported full-year loss of £23.3 million following a further £10.5 million of provisions announced Tuesday, says Numis Securities. The broker pencils in a 39% slump in pre-tax profit to £7 million on revenue up 18% at £1.7 billion. We'll get confirmation on 8 September. It does, however, maintain forecasts for profit of £18 million and revenue of £1.8 billion in 2016 as trading conditions improve. And they already are. "The overall performance of our specialist fit out, engineering services and retail businesses in the UK and internationally has been excellent and trading has been ahead of management's expectations," cheered ISG. "This provides a firm basis for our confidence in the Group results for next year, supported also by a turnaround in UK Construction where performance of the pipeline of new contracts procured over the past eighteen months is meeting management's expectations." The order book is up 6% at £1.1 billion, over three-quarters of which relates to work in 2016, and demand in its core sectors remains "strong and stable". ISG won £80 million of commercial office fit out projects in the three months to June, too. The share placing in March also means ISG has £50 million of net cash and management has promised an increase in the final dividend to 5p. At 169p, ISG shares trade on 6.2 times Numis estimates for 2016 earnings per share (EPS) of 27.3p. There's a prospective yield of 5.6%, too. "The shares look materially too cheap," cries Numis analyst Howard Seymour. "In our view, the current share price fails to reflect the reduction in both the risk profile and our estimates of a materially improved profit position in 2016 and we therefore remain buyers." Seymour believes the shares will be worth 345p. At that price they would trade on 12.6 times forward earnings, not unreasonable for the potential growth on offer. Remember, too, that Numis forecasts year-end 2016 net cash of £63 million compared with a company currently worth just £84 million. Strip that out and the underlying business is valued at just 1.5 times earnings. The stats certainly look appealing. That the shares appear so undervalued implies many in the market do not. This, however, does not look like a value trap and these will be proved to be bargain levels if ISG does the numbers next year. |
Posted at 01/4/2015 16:21 by nocton I assume/hope this is just end of year sell-off by private investors taking a CGT loss to offset CGT gains elsewhere. I thought I'd done well to buy below the 170p offer price, but never expected any fall below 160p. |
Posted at 03/3/2015 08:14 by skinny Edmund, from the second RNS :-"In addition, the Company has granted an option to Numis to issue up to an additional 1,764,706 new ordinary shares at the Fund Raising Price (equal to £3 million in value) for the period from the date of this Announcement to 7.00 p.m. on Monday 9 March 2015 in order to meet any additional demand from other investors including existing shareholders (the "Broker Option")." But feeling woefully let down (again). |
Posted at 03/3/2015 07:10 by skinny IntroductionThe Company today announces that it has undertaken an equity fund raising (the "Fund Raising") at a price of 170 pence per new ordinary share (the "Fund Raising Price") with institutional investors, raising £16 million (approximately £15 million net of all expenses). The Fund Raising comprises a placing by Numis Securities Limited ("Numis") on behalf of ISG totalling £5.5 million of 3,235,294 new ordinary shares (the "Placing Shares") with institutional shareholders (the "Placing"), and, separately, the Company will issue 6,176,471 new ordinary shares (the "Cathexis Shares") to Cathexis Capital (the "Cathexis Placing") raising £10.5 million. The issue of the Placing Shares and the Cathexis Shares will each be effected by way of separate cashbox placings. In addition, the Company has granted an option to Numis to issue up to an additional 1,764,706 new ordinary shares at the Fund Raising Price (equal to £3 million in value) for the period from the date of this Announcement to 7.00 p.m. on Monday 9 March 2015 in order to meet any additional demand from other investors including existing shareholders (the "Broker Option"). |
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