Neometals Share Discussion Threads

[wild bill] 23/10/2006 22:28

no - just high hopes

[spitfire3] 23/10/2006 17:12

i hope so....any views on there share price by march 2007 and end of 2007...???

[wild bill] 23/10/2006 16:24

so - we're both going to make our fortune in BPRG, good luck

[spitfire3] 23/10/2006 15:40

sure am..i only had 2k of shares to sell mms dropped it a penny after i sold....topped up 1.5k in bprg now in profit on that. i hate volvere but i also hate the previous nmt managment who did nothing.....

[wild bill] 23/10/2006 15:24

spitfire - I bet you're glad you sold before today

[spitfire3] 19/10/2006 08:31

just sold out at a 75% lost sick of the crooks trying to take the cash....good luck to remaining holders.

[wild bill] 13/10/2006 12:30

is turning around nicely, at last

[grupo guitarlumber] 13/10/2006 10:03

see you hanging there as usual wb,hows pc these days.



and whats the next share to watch?

[wild bill] 12/10/2006 10:40

Well put Small Number, very well phrased indeed!

[waldron] 10/10/2006 12:23

What Brian there's no Brains

[wild bill] 10/10/2006 12:07

Lyndus - I don't mean to sound cheeky but, the Thunderbirds characters aren't real you know?

[lyndus] 05/10/2006 12:25

We are helpless and have no choice in this matter.
Do we sell now or take the shares offered and hope
that since they have had the company for nothing
the new shares might double from here.

[wild bill] 05/10/2006 12:18

quiet in here

[casabella2] 27/9/2006 17:54

not quite ,but youre right not long ago i had 32,000 nmt shares now ive got 320 and very soon ill have about 100 yes well and truly STUFFED.

[slugs] 27/9/2006 15:37

We will all get the standard letter in the post shortly telling us that the Co has been taken over so take these Volvere shares in a ratio of 100 NTM for 1 Volvere...etc. etc. Lets face it lads we have been stuffed ?

[conrob0071] 20/9/2006 10:36

Legal it maybe!
Nonetheless it is Daylight Robbery in every sense.

[robby goerge] 20/9/2006 10:01

fErnYgRade

Kik stic

[waldron] 19/9/2006 08:19

Tue 19 Sep 2006
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Volvere agreement with Clareco opens way to NMT deal
HAMISH RUTHERFORD

INVESTMENT firm Volvere has passed a major hurdle in its bid to buy fallen Scottish biotech star NMT, with another major shareholder indicating it will agree to a proposed offer.

Clareco, which owns 4.1 per cent of AIM-listed NMT's shares, has now given an irrevocable undertaking to accept a recommended deal made by Volvere last week.

Volvere now owns or has irrevocable agreements for 50.1 per cent of NMT's capital, meaning its offer can now be made unconditionally.

The deal, announced last week would trade three NMT shares for one Volvere shares. Sandy Jamieson from Volvere's financial advisors, Dawnay, Day, said yesterday the offer was likely to be made well before the 28 days after making the recommended deal, as required under takeover rules.

Volvere, chaired by former Dixons chairman Lord Kalms, says it buys companies which are undervalued or where there is a good prospect of a turnaround.

NMT was once held as the great hope of the Scottish medical devices industry, but its apparently world-beating syringe technology was never produced or sold under licence. Some long-term shareholders have seen more than 90 per cent of their holding disappear.

To delist the company, Volvere would need to acquire either 90 per cent of all capital before it could begin compulsory purchases, or gain support of 75 per cent of the voting capital holders at an EGM. While a number of small shareholders are likely to oppose the move, after previously opposing Volvere chief executive Jonathan Lander's attempt to take control of the company, Volvere is confident of getting the support of most large shareholders.

Shares in NMT and Volvere were both unchanged yesterday at 55.5p and 177.5p respectively.

This article:

Last updated: 19-Sep-06 01:00 BST

[waldron] 17/9/2006 06:35

NMT shareholders angry at Kalms-led takeover bid by Volvere
DOUGLAS FRIEDLI

PRIVATE shareholders in NMT, the former darling of Scotland's medical technology sector, have reacted angrily to a takeover bid from a group headed by Lord Kalms, the former Dixons chairman.

Volvere, an investment company chaired by Lord Kalms which has a 29.9% stake in NMT, last week offered to acquire the rest of the company in an all-shares deal valued at £5m at last week's prices.

Kalms and Volvere's Jonathan and Nick Lander are already directors of NMT following a toughly fought vote for control last year which left many smaller shareholders suspicious of their motives.

The offer of one Volvere share for every three NMT shares appears to provide a way out for investors in the safety syringe maker, who have seen the value of their holdings dwindle over the past five years. But many would be happier to take a share of NMT's £6m cash pile.

One member of the Interactive Investor internet group wrote: "Volvere shares are tightly held and it is very difficult to deal. Volvere's actual asset value is less than £1.00 a share, so buying NMT at effectively a third of the NMT cash is certainly a great deal for Volvere but pretty awful for NMT - and there is no cash alternative."

Another said: "I am taking advice on whether or not it could be productive to pursue any kind of claim for losses resulting from maladministration."

Although small shareholders hold a majority of NMT's shares, they are unorganised and in many cases demotivated, and have not been able to stand in the way of Volvere's moves. This inertia, which has helped Volvere in the past, may make it more difficult for the investment firm to reach the 90% of acceptances which it requires for a complete takeover.

One investor suggested investors might disrupt Volvere's takeover plans by selling the majority of their shares but holding back a few to entitle them to updates on NMT's activities.

Jonathan Lander previously clashed with NMT shareholder Peter Gyllenhammar, who claimed that Volvere's management was paying itself too much to run a small company with no trading operations.

Volvere's bid was recommended by NMT's independent directors, Lex Gold and George Wardale. Volvere last week said it had an undertaking to accept its offer from Wood Hall Securities, which holds around 16% of NMT shares.

Jonathan Lander said: "Volvere very much looks forward to bringing NMT into the Volvere Group. We believe that this acquisition will offer exciting opportunities for the continued expansion of Volvere's business."

This article:

Last updated: 16-Sep-06 00:58 BST

[25october1969] 15/9/2006 14:01

Sorry to see you go pc, you have kept the Board alive over the last few years with your regular contributions.

As you know I have spoken out against the approach taken by Volvere, especially the management Agreements they put in place. Without a doubt they have us by the short and curlies. No white knight is going to come to the rescue unless the IP has some value and there is no sign that it has.

I therefore have to cast any emotions aside and focus on why I buy shares ie to make money and it seems to me that if this is a bad deal for NMT then it must be a good deal for Volvere. As such there might just be some sense in owning Volvere shares. I have done a quick calculation and estimate that prior to the deal NAV per Volvere share was around 108p. Looking at the combined balance sheets and new share issue, that figure goes up to around 150p of which at least 125p is cash.

I appreciate more to the valuation of Volvere that NAV, they have two businesses which seem to be close to break even. The downside has been the extreme illiquidity of the the shares but that should change.

So it looks a reasonable punt. As far as I can see directors take low salaries but have shareholdings so in their interest for this share price to rise.

I have been buying NMT shares today as a way into Volvere. Only time will tell if that is wise

And no I have not been got at, I have big loss on NMT shares and see this as a possible way to get some of it back.

Good luck with future investments pc

Roy

[pc4900074200] 15/9/2006 13:09

Sorry to sound so clinical, sold earlier today and have moved on
with a 75% loss.

Spitfire3, as I have said many times, those in paper-less trading
accounts will have to ask for all details, voting forms etc. through
their broker.

This system of having to ask is the hinge-pin on how NMT are in
the position they are today.

System / rules used against shareholders to it's full.

Good luck to all that still hold and IMHO you will need it.

Not bitter but wiser.

pc4900074200

[spitfire3] 15/9/2006 12:36

woodhall securities...have they kalms as a non executive...when is the vote to take place...and i hold in a halifax account do i have to contact them for a form...??

forms should be automatically be sent out....

[lyndus] 15/9/2006 12:21

My advice to all shareholders would be to hold on for a better offer.

[dell314] 15/9/2006 08:34

PC - You'd need to see the company's articles to know the answer to your question, or simply look at a couple of old ARs and see if all directors hold. AFAIK, it isn't that common a rule, so you're probably clutching at straws....

You can make an offer with no holding. You are confusing the rule with a compulsory offer at over 29.9% holding.

What a shocking case of ordinary shareholders getting legally stiffed, this is.....

All IMHO, DYOR etc.

Rgds
dell