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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lionheart | LNT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| Top Posts |
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Posted at 03/5/2003 19:52 by stewjames fm27, probably not. There remains some risk, namely that the liquidation doesn't get voted through (unlikely) or that some unexpected nasty liabilities will surface hence the discount. Mostly though IMO, the lack of interest is because most small private investors spend their time chasing (and for the most part failing to catch) big gains and simply aren't interested in low risk 10-20% returns.If you do want to buy, note you'll have to do so in the very near future. The shares will be suspended next Wednesday and delisted on Thursday if all goes according to plan (see the EGM RNS) |
Posted at 17/4/2003 13:04 by stewjames Handsel Ltd is just the holding company of a wealthy private investor. He's buying purely and simply because he see it as a very low risk 15-20% return. |
Posted at 10/3/2003 14:24 by otemple HelloSorry to be a pain but i was wondering if you could help me by filling in my dissertation questionnaire researching investors opionions towards share options, specifically the issue of expensing them. It is only short and will take approx. 3 minutes to complete. You can access the dissertation online at: Many thanks in advance to anyone who helps me with this. Owen Temple |
Posted at 19/2/2003 10:45 by old boy returns Skyship - could not agree with you more. Shareholder activism and campaigning for effective regulation is a near full time mission of mine - the FSA receive more papers, suggestions and complaints from me that they can comfortably ignore and I sense the tide is beginning to change. I also pioneered the web based shareholder action group concept a couple of years ago. Excuse my ignorance but what is 'the excellent work being done by Myners' you refer to.I am going to have a go at Pollock cos I think there is an argument that he is committing an offence under the FSAM Act 2000 by being less than open with investors in his comments about the merits of the offer compared to other options such as liquidation and has withheld material information. |
Posted at 07/2/2003 12:54 by ccraig69 interesting post on MW site againThink you guys and girls need to get organised to stop this. Have full support of most private investors even like me who have no shares but hate to see people get shafted like this |
Posted at 03/2/2003 16:18 by mstrathern tilton - max in msg 99 gave which seem to different from City Insights, they list their phone as: 020 7392 4100 and from their site: 'In the past 24 months Salisbury Associates have been commissioned to provide services to 37 mergers and acquisitions both contested and agreed. The programmes provide have been custom designed to suit the needs of the particular client but are normally targeted at the retail investor. Our aim is to help our client reach the targets of unconditionally as to acceptance and compulsory acquisition in the shortest amount of time and at the least cost.' So it sounds as if it might well be them. |
Posted at 13/1/2003 06:55 by cg1953 this deal is so 'manifestly against' lnt shareholders;perhaps the fsa/sfo ought to be advised ???? imo, as in [fthm/hyc] and [izo/orb] there seems to be conflicts of interests between directors and shareholders. a 'hidden agenda' or 'collusion', seemingly sanctioned by the very institutional investors[orchestrat who are paid to protect and enhance the wealth of both small and large individual investors,but most importantly, to uphold the integrity of the market. |
Posted at 22/12/2000 15:25 by master rsi Those news could turn round again the company ....RNS Number:3284W Lionheart PLC 22 December 2000 Lionheart plc * Purchase of 14.9% of the issued share capital of Lionheart by M&G. * Agreement by Luke Johnson, Gary Ashworth and James Mellonto resign from the board. * Agreement by Hamish Grossart to join the board. * Agreement by David Gawler to join the board. M&G has today purchased for 8.5p per share 26,839,470 Lionheartordinary shares held by Luke Johnson, Gary Ashworth and James Mellon ('the Investor Group') comprising approximately 14.9% of Lionheart's issued share capital. In addition to this purchase of Lionheart ordinary shares the following arrangements have been entered into: * Non binding letters of intent have been signed pursuant to which the Investor Group intend to sell their remaining 26,865,501 Lionheart ordinary shares to M&G over the following two weeks in accordance with the Rules Governing Substantial Acquisitions of Shares issued by the Panel on Takeovers and Mergers; * M&G have been granted a put option whereby should M&G be unsuccessful in acquiring the remaining 26,865,501 Lionheart ordinary shares all Lionheart ordinary shares purchased by M&G from the Investor Group may be compulsorily sold back to the Investor Group; and * the warrants to subscribe for 54,039,205 Lionheart ordinary shares which were issued to the Investor Group when they subscribed for their shares in January 2000 will also be purchased by M&G for a nominal consideration of #3.00. 27,010,536 of these warrants have been purchased today and the remaining 27,028,669 warrants will be purchased if M&G purchases the remaining 26,865,501 Lionheart ordinary shares held by the Investor Group. M&G have agreed to cancel all the 54,039,205 warrants if M&G are successful in purchasing the remaining 26,865,501 Lionheart ordinary shares held by the Investor Group. If M&G are unsuccessful in purchasing the remaining shares held by the Investor Group the warrants will be returned to the Investor Group if the put option referred to above is exercised. If M&G purchases the remaining Lionheart shares held by the Investor Group, M&G will hold a total of 53,704,971 shares representing approximately 29.8% of the Lionheart ordinary share capital. Luke Johnson, Gary Ashworth and James Mellon have agreed to resign as non-executive directors. These resignations will become effective as soon as the Investor Group has sold its entire holding of Lionheart ordinary shares to M&G. Hamish Grossart (43) and David Gawler (61) have been asked to join the board and have agreed to take office once the Investor Group has sold its entire stake in Lionheart to M&G. Mr Grossart and Mr Gawler bring with them a wealth of public company and acquisition experience and will actively pursue opportunities to enhance shareholder value. In particular the newly constituted board will seek to identify underperforming companies which may be acquired, turned around and managed for growth. Going forward the board will be mindful of the underlying asset value per share in issuing any new equity. Hamish Grossart's background is in investment banking. He served as managing director, and later as chairman for the financial services business EFT Group plc from 1987 until the sale of the group to the Bank of Scotland in 1997. He has extensive experience in acquisitions, turnarounds and managing companies for growth. His past chairmanships have included Hicking Pentecost plc, Eclipse Blinds plc and Scottish Highland Hotels plc. He is currently a director of several quoted and unquoted companies, and is deputy chairman of Scottish Radio Holdings, Deputy Chairman of Cairn Energy, Chairman of Indigo Vision plc and Chairman of Royal Doulton plc. David Gawler is a Chartered Accountant who qualified with Price Waterhouse in South Africa. His most recent executive role was as chief executive officer of Semara Holdings plc (formerly Sketchley) where earlier this year he engineered the successful disposal of the group to Johnson Service Group plc. He has held senior executive appointments in industries ranging from oil, heavy industry, engineering and construction to property development and investment. During his career he has worked in the United Kingdom, Europe, the Far East and Africa, frequently with responsibilities focused on restructurings or refinancings. Before his time at Semara Mr Gawler was with the Jardine Mattheson Group, where he was finance director of HongKong Land Holdings Limited and subsequently of Trafalgar House plc. Prior to that he was group treasurer of The Burmah Oil Company, corporate treasurer of The British Steel Corporation and held several other financial appointments within Occidental Petroleum and The Gulf Oil Corporation. Peter Pollock, Chairman, commenting on the acquisition of shares by M&G and the Board changes said, 'I am delighted to see M&G come on to bolster the institutional presence on the share register. I am also looking forward to welcoming Hamish Grossart and David Gawler to the board and working with them as we pursue opportunities to enhance shareholder value.I am confident that this investment by M&G and the board changes heralds a significant development in Lionheart's future. Enquiries: Peter Pollock Tel: 07881 626123 Lionheart plc Ian Dighe Bridgewell Corporate Finance Limited Tel: 020 7523 5804 07785 703261 END |
Posted at 01/6/2000 08:20 by mg I thought I'd resurrect this thread even though I seem to be the only one interested in this little cash shell.The three new directors have been extremely quiet over the last few turbulent weeks/months - I understand that they have been carefully sifting through the wheat/chaff to find a potential acquisition target. I also understand that they are at an advanced stage with one of those targets and that it is likely to be in the recruitment/employme The share price has been twitching a bit lately with MMs opening the spread each morning for the last few days - possibly anticipating an announcement. Since they are now trading at or below the price before it was transformed into a shell (fundamentals give us about £6m in cash at 31/12/99) there seems to be little downside but significant upside if they announce a decent deal. Interesting that the placing and open offer was at 6p - which looked very generous when the stock had reached 43.5p based on expectations of great things from the new investors. Market Cap at the current price is £15.8m - so I suppose they could drop to about 4p to match MC - meaning no premium to take account of the main investors - Schroders, Mellon, Johnson and Ashworth have 10% each with Montanaro UK Smaller picking up 5% as part of the placing and open offer in December at 6p. I've recently doubled up my holding in these [initially getting in at 19.5p:( ] so I obviously have a vested interest but I do think they are well worth watching in the short/medium term. |
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