Neo Energy Metals Share Discussion Threads

[restassured] 09/12/2008 01:37

I find it staggering that Dermot Desmond is able to suddenly announce he owns over 25% of the company.

What happened to the disclosure rules?

If as someone sugested he has accumulated these through CFD's,doesn't that make a mockery of the rules?

Who had 25% of the co to sell and where is that disclosure announcement.

I shall be onto the London Stock Exchange first thing to demand a thorough investigation.

[25cent] 08/12/2008 21:59

Yes because the 8% market rally/rise today really helped us i see,lol.

How bad can this get? i am at a complete loss to understand this anymore and believe me i am a believer.
a, It has a net cash balance of approx the current share price
b, it announces new contracts/deals every week
c, the directors have been buying in recent weeks
d, rival internet transfer companies own shares and have huge CFD long bets on Neteller or neo if you like.
e, Paddy has a 27% interest in it.
F the results are on the up and it expects to make over £3 million clear clean profit this year and then circa £5 mill next year.
G its on a forward p/e in 2009 of about 5.4 has no debt and is well run.

AND STILL IT GOES DOWN??????????????????????????????
It seems to me mathematically impossible ? were are the share sales all comming from ? but hey it still falls lol

I have never ever seen anything like it in all my years, it went past ridiculous a long time ago.
I just hope we don't fall victim to a right royal stitch up with pathetic offer that is already in the bag ..

[philjeans] 08/12/2008 20:47

Wall St well up tonight too.

All good for a bright start tomorrow.

[restassured] 08/12/2008 19:47

We just have to make sure he pays the right price for the rest of the company!

[philjeans] 08/12/2008 18:49

It easily could. In any event we're going to see a dramatic correction in the coming days as the story unfolds.

[restassured] 08/12/2008 18:48

Shares could fly back to 100p+

[philjeans] 08/12/2008 17:39

Takeover for sure!

[philjeans] 08/12/2008 17:39

Dermot Desmond


Born 17 May 1950 (1950-05-17) (age 58)
Macroom, Co. Cork
Residence Ireland, Gibraltar, Barbados
Net worth ▲€2.75 billion [1]
Spouse(s) Pat Desmond
Children 4
Dermot Desmond (born 1950, Macroom, Cork, Ireland) is regarded as one of Ireland's most successful entrepreneurs. He is estimated to be worth €2.121 billion (£1.5 billion) and is ranked 5th on the Irish Rich List and 746 among 'The World's Richest People'.[2]

Contents [hide]
1 Early life
2 Rise Up the Corporate Ladder
3 Business
4 London City Airport
5 Aer Lingus
6 Private Jet
7 Trivia
8 References



[edit] Early life
Desmond was born into modest circumstances in Macroom in 1950. At the age of 6, the family uprooted from the area and moved to Dublin's northside, Beaumont district. Desmond was educated at Scoil Mhuire, Marino and later studied at Good Counsel College in New Ross. Desmond is probably most famous for being an influential share holder of Glasgow Celtic FC.


[edit] Rise Up the Corporate Ladder
Desmond left school in 1968 and shortly afterwards took up a junior position with Citibank in Dublin. He moved on and accepted positions first in the Investment Bank of Ireland and then as a banking consultant for Price Waterhouse Coopers. In 1979 he was contracted by the World Bank and transferred to Kabul, Afghanistan. His time there was short lived as the bank withdrew its staff shortly afterwards following the Soviet invasion. In 1981, he founded the Irish stockbroking company National City Brokers (NCB). He is credited with being the inspiration behind the International Financial Services Centre (IFSC).


[edit] Business
Desmond's past and present business interests and investment holdings include;

London City Airport
Sandy Lane Hotel
eLearning company Intuition
BETDAQ betting exchange
GIS software house eSpatial
Bottin (International) Investments Ltd. [1]
International Investment Underwriters (IIU)
Newfoundland & Labrador Refining Ltd. [2]
Daon, Inc. [3]
Baltimore Technologies
Barchester Healthcare
Greencore
Rietumu Banka
Celtic FC
Sporting Emporium Casino
RemoteMDx
MHC Mental Health Care
Castlebeck Group
Swanton Healthcare
Young Foundations

[restassured] 08/12/2008 17:32

Here we go.New owner sounds like a player.


Shares could fly tomorrow!



Neovia Financial Holding(s) in Company




RNS Number : 7573J
Neovia Financial PLC
08 December 2008




Press release For immediate release


NEOVIA Financial Plc


Holding in Company


Monday, 8 December 2008 - NEOVIA Financial Plc (LSE: NEO) received notification on 8
December 2008 that, as of this morning, IIU
Nominees Limited has acquired, as nominee for and on behalf of Primatur Limited, an interest
in 30,759,394 ordinary shares in the Company,
representing 25.65% of the Company's issued share capital. IIU Nominees Limited is the
registered owner of the shares on behalf of the
beneficial owner, Primatur Limited, a company wholly owned and controlled by Mr Dermot
Desmond.

As at 5 December 2008, the Company had 119,920,953 ordinary shares in issue.


For further information contact:

Andrew Gilchrist + 44 (0) 1624 698
713
VP Communications, NEOVIA Financial Plc
Email: [e-mail]


This information is provided by RNS
The company news service from the London Stock Exchange

END

[philjeans] 08/12/2008 16:08

No RNS yet and I'm very curious, but I'm a medium term holder here.

Can't see much downside given the sector and £38M cash plus a profitable and growing business.

[restassured] 08/12/2008 13:57

Another 5 million

[targatarga] 08/12/2008 13:29

added another 22k. Previous purchases at 64p and 75p well out of the money... good luck all....

[philjeans] 08/12/2008 13:24

This suggests to me that a concert party have managed to find 28% of the shares; probably from distressed institutions selling up for forced redemptions.

A very handy figure, if I'm right, from which to launch a bid, or to sell on, to a bidder.

Either way, with massive cash backing, no debt and a strong profit growth ahead, this looks a very safe bet.

[powwow] 08/12/2008 12:37

restassured, there is a reason, you just don't know what that reason is?

[kooba] 08/12/2008 12:28

nobody had a block of 20m shares or even 9m according to neovia...all very strange.

[kooba] 08/12/2008 12:24

NEOVIA Financial Plc currently has 119,920,953 shares in issue. The following interests in 3% or more of NEOVIA's existing ordinary share capital had been reported as of 5 December 2008:

Shareholder Date of notification Number of Ordinary Shares % of issued share capital
UBS AG 18-Jan-07 7,559,186 6.30
Standard Life Investments Limited 05-Dec-08 7,487,854 6.24
MF Global UK Limited 03-Dec-08 6,593,796 5.50
Fidelity (FMR Corp & Fidelity International Limited) 30-May-08 5,995,500 4.99
Franklin Templeton Institutional LLC 03-Nov-08 5,824,500 4.86
Jim Mellon 18-Jul-08 5,005,137 4.17
Arron Banks 09-Oct-08 4,946,009 4.12
Cantor Fitzgerald Europe 20-Oct-08 4,770,106 3.98
ABN AMRO Bank N.V. 01-Apr-08 3,760,941 3.14

[restassured] 08/12/2008 12:07

another three million


Pray tell us......that's 28% of shares in issue

[restassured] 08/12/2008 11:28

We must get an RNS to explain what has happened.

[targatarga] 08/12/2008 11:11

Fair price would be 85p?

[targatarga] 08/12/2008 11:04

hope so.....

[restassured] 08/12/2008 10:56

30 million shares out of a total of just under 120 million.

Something is up 25% of a co doesnt just go through for no reason!

[restassured] 08/12/2008 10:43

It seems a very large (23%)of the co has just gone through in a placing.

Maybe this is the end of the seller?