New Star Asset Management Share Discussion Threads

[gaz125] 12/1/2009 08:15

Woudl ordinary shareholders agree to an offer that will result in a zero return?.....I doubt it

[dell314] 12/1/2009 08:11

Didn't you read this bit:

.....Given the Company's current and proposed capital structure (following the completion of the Restructuring), it is not certain that any such transaction will lead to a significant return, if any, to current shareholders. There can be no assurance that any offer for the Company's ordinary shares, if forthcoming, would be at or above the level of the Company's current share price.

They are talking about the possibility of zero return to current shareholders.
May as well go down the casino, IMHO..

Rgds
dell

[induna123] 12/1/2009 08:11

ADVFN can't keep up.

[treacle28] 12/1/2009 08:11

4.75p buy???

12/01/2009 08:10:55 4.75 10,159 O 482.55

[treacle28] 12/1/2009 08:10

4.50p buys now:-

12/01/2009 08:09:47 4.50 20,000 O 900.00
12/01/2009 08:09:46 4.50 66,113 O 2,975.09

[treacle28] 12/1/2009 08:09

4.25p should be just round the corner...everything costing 4.25p!

[treacle28] 12/1/2009 08:06

Another 100K on PLUS:-

12/01/2009 08:06:15 4.25 100,000 O 4,250.00

[treacle28] 12/1/2009 08:06

All buys at 4.25p now on PLUS:-

12/01/2009 08:06:02 4.27 6,816 O 291.04
12/01/2009 08:05:59 4.25 34,849 O 1,481.08
12/01/2009 08:05:29 4.25 983 O 41.78
12/01/2009 08:05:16 4.25 6,836 O 290.53
12/01/2009 08:05:02 4.25 15,000 O 637.50

[treacle28] 12/1/2009 08:05

WOW, just 15,000 shares at 4.25p!!!

12/01/2009 08:05:02 4.25 15,000 O 637.50

[treacle28] 12/1/2009 08:04

Another big premium at 4.15p for 109K:-

12/01/2009 08:04:02 4.15 109,215 O 4,532.42

[treacle28] 12/1/2009 08:04

Starting to rise...6p today imo.

[treacle28] 12/1/2009 08:03

More premium buys even for small number of shares:-

12/01/2009 08:02:39 3.40 15,578 O 529.34
12/01/2009 08:02:30 3.58 27,550 O 985.19

[ohsod1t] 12/1/2009 08:03

Just bought some more on open at 2.83

[treacle28] 12/1/2009 08:02

Buys already on PLUS...50K buy at 4.25p!!!

12/01/2009 08:01:33 3.28 7,280 O 238.78
12/01/2009 08:01:32 3.46 20,000 O 691.40
12/01/2009 08:01:31 4.25 50,000 O 2,123.50
12/01/2009 08:01:26 3.28 11,755 O 385.56
12/01/2009 08:01:26 3.28 14,819 O 486.06

[treacle28] 12/1/2009 08:00

2.97-3.28p open!

[treacle28] 12/1/2009 07:56

MMs moved higher prior to open especially WINS.

[treacle28] 12/1/2009 07:38

divinausa1...those are standard words i.e in recently in UEN when the share price then went to 20p from 7p....numerous other examples.

Shareholders including Blue Planet who think its worth 20p in current state have to vote on any deal and if not satisfied then wait for them to get de-listed at the end of month and get 50p in around 12 months time on re-list.

After debt cancelled there are an extra 755m shares, i.e. 75% more. so any offer would be divided by 1000m shares. The figure is 150m dollars or 100m pounds
100m/1000m is 10p per share minimum.

[divinausa1] 12/1/2009 07:36

There can be no assurance that
any offer for the Company's ordinary shares,
if forthcoming, would be at or above the level of the Company's current share price.

[treacle28] 12/1/2009 07:34

divinausa1.....not when you throw in everything else about a possible valuation and the sheer number of Bidders interested. Blue Planet's 20p valuation is a starting point.

[divinausa1] 12/1/2009 07:32

lol if you can find positives for the share price from that rns your on cloud cookoo land

[grahamite2] 12/1/2009 07:26

You could be right, I have seen shares advance strongly after much worse announcements.

[treacle28] 12/1/2009 07:23

grahamite2...those are standard words that are used in RNS's when an offer has been made.

[grahamite2] 12/1/2009 07:22

What makes you so bullish? This perhaps:

it is
not certain that any such transaction will
lead to a significant return, if any, to current shareholders.

[treacle28] 12/1/2009 07:06

Should soar today imo. 100% rise minimum possibly to 6p.

Possibly received 10 bids as per FT but remember these are just first round bids before it gets shortlisted to 3 or 4.