Promethean Share Discussion Threads

[hybrasil] 23/1/2014 15:55

1 x turnover gives a share price of 75p.
Is that reasonable?

[skinny] 23/1/2014 13:40

2 year high @34p

[skinny] 22/1/2014 11:31

JP Morgan Cazenove Overweight 29.88 29.00 21.00 30.00 Upgrades

[hmt] 22/1/2014 10:33

Mr Bluesky, Is there a potential Bowl forming?, regards hmt

[skinny] 21/1/2014 09:57

Investec Buy 28.00 24.88 25.00 30.00 Retains

[jakedog2] 21/1/2014 08:52

Added to holding. Recovery & transformation appear to be going too / sligithly ahead of plan

The excellent improvement in cash position derisks this significantly now.

Got the bottom liner improvements, now need to increase the top line

Companies that recover & transform come back twice as strong IMHO

[knigel] 21/1/2014 08:08

No wonder considering the strong cash position

[fatman4] 19/1/2014 17:52

30p quite quickly - and more

[solooiler] 19/1/2014 12:20

Break out here :-O. Promethean could mvoe to 30p quite quickly IMHO

[mr_bluesky] 26/10/2013 16:18

Hello:

I have just come across this.

I know very little about the company but I do know a bit about charts and this looks to be setting up for a big break out IMO.

A move over 20p will be the signal for me to get in on this.

Mr Bluesky

[pugugly] 24/10/2013 07:47

T/O interesting in relation to Market Cap but otherwise not interesting - Sales still declining -



"Over the longer term, Promethean believes it is well positioned to benefit from the proven impact of interactive learning technology. In the near-term, we expect market conditions to remain challenging with continued pressure on education budgets and competion"


- Cannot see much encouragemnt for the share price except possible takeover but the PRODUCT seems (to me) to be very much a ME TOO without much distinguishing USP's.

Unless that is any who know the company VERY WELL can advise to the contrary.

[she-ra] 23/10/2013 19:29

IMS tomorrow. Any thoughts?

[masurenguy] 19/10/2013 13:14

It's easily done she-ra. The saddo Stockologist just continues to demonstrate his moronic mentality !

[she-ra] 19/10/2013 12:43

Masurenguy - Don't worry I've made the same mistake before.

[stockologist] 19/10/2013 12:40

Oh dear someone must feel terribly foolish. You could get away with the 'oh I didn't realise' excuse if you hadn't stated "Interesting development" which suggests some 'thinking' went into the post.

Now shown to be a very low grade and accident prone thinker. Maybe leave thinking to the adults ?

[she-ra] 19/10/2013 12:36

Stockologist - You're a nice person.

[stockologist] 19/10/2013 12:32

Oh dear someone must feel terribly foolish. You could get away with the 'oh I didn't realise' excuse if you hadn't stated "Interesting development" which suggests some 'thinking' went into the post.

Now shown to be a very low grade and accident prone thinker. Maybe leave thinking to the adults ?

[masurenguy] 19/10/2013 10:46

You're right she-ra. It just came as an alert into my mail box and I posted it without looking that closely
at it, as it announced an AIM suspension. Since I'm not a holder here I didn't take to much notice of the content. However it has been siezed upon by the saddo above who is trying to make something out of it.

[stockologist] 18/10/2013 07:54

PMSL

what a muppet mistake to make


Masurenguy 19 Sep'13 - 09:20 - 438 of 439 0 0

Interesting development.

Promethean PLC ("Promethean" or the "Company")
19 September 2013

Update in relation to T.I.S. Group - Suspension of Trading on AIM

The board of directors ("Board") of Promethean announces that it is in discussions with the board of T.I.S. Group ("TIS") and the board of the Protected Asset TEP Fund plc ("PATF") in relation to the establishment of an AIM listed multi-strategy investment company utilising the existing Promethean business. The board of PATF has today sent a consultation paper update (the "Update") to holders of participating non voting redeemable preference shares of £0.001 each in PATF ("PATF Participating Shares") ("PATF Participating Shareholders"). The Update outlines plans for the transformation of Promethean into a multi-strategy investment company (the "MSC"). It is intended that this will be achieved through a number of inter-conditional steps including:

· The acquisition by Promethean of the minority interests in TIS that Promethean does not already own, making TIS a wholly owned subsidiary of Promethean (the "Acquisition");

· Promethean making an offer (the "Offer") to PATF Participating Shareholders whereby PATF Participating Shareholders who accept the offer ("Accepting PATF Shareholders") will receive new shares in the transformed Promethean ("New Shares") in exchange for their PATF Participating Shares. Promethean at the same time will acquire the right, as a new shareholder in PATF, to request PATF to redeem the relevant PATF Participating Shares received under the Offer and to receive as redemption proceeds a representative portfolio of the traded endowment policies ("TEPs") held by PATF; and

· The transformed Promethean being admitted to trading on AIM following a change of name.

The number of New Shares that will be issued to Accepting PATF Shareholders will be calculated based on the relative independent valuations of Promethean and the PATF Participating Shares of those PATF Participating Shareholders who have accepted the Offer, as agreed between the board of directors of each company. Further information in relation to the Acquisition and the Offer (together the "Transaction") is expected to be included in more detail in a circular to be sent to Promethean shareholders.

The Board believes that the Transaction offers the best solution in respect of the Company's final investment asset. However, should the Transaction not proceed the Board intends to put the option to shareholders of delisting the Company and either continuing to manage the Company's stake in TIS on a reduced cost basis or distributing the Company's shares in TIS in specie to shareholders.

As previously announced, the Company's investment management agreement with Promethean Investments LLP (the "Manager") expired on 30 June 2013, the Manager having previously agreed to forego its management fee for 2013. Since 30 June 2013 the Manager has continued to assist the Board in relation to the Company's stake in TIS for no fee. The Company and the Manager have agreed the announcement of this proposed transaction is an appropriate time to end the Manager's assistance to the Company and allow Promethean Investments LLP to pursue its fundraising. However, should the Transaction not proceed, the Company will investigate and discuss with shareholders low cost options for the continued management of the Company's TIS stake.

While there can be no certainty that the Transaction will proceed, should it do so it will constitute a reverse takeover under Rule 14 of the AIM Rules for Companies and will be conditional upon, inter alia, Promethean entering in to final acquisition documentation with the minority holders of TIS, a sufficient number of PATF Participating Shareholders taking up the Offer, the publication of an admission document and the approval of Promethean shareholders at a general meeting. Accordingly, trading in the Company's shares is being temporarily suspended until such time as it publishes an admission document for the enlarged group.

[she-ra] 19/9/2013 16:42

It would be if it was Promethean World PLC not Promethean PLC.

[masurenguy] 19/9/2013 09:20

Interesting development.

Promethean PLC ("Promethean" or the "Company")
19 September 2013

Update in relation to T.I.S. Group - Suspension of Trading on AIM

The board of directors ("Board") of Promethean announces that it is in discussions with the board of T.I.S. Group ("TIS") and the board of the Protected Asset TEP Fund plc ("PATF") in relation to the establishment of an AIM listed multi-strategy investment company utilising the existing Promethean business. The board of PATF has today sent a consultation paper update (the "Update") to holders of participating non voting redeemable preference shares of £0.001 each in PATF ("PATF Participating Shares") ("PATF Participating Shareholders"). The Update outlines plans for the transformation of Promethean into a multi-strategy investment company (the "MSC"). It is intended that this will be achieved through a number of inter-conditional steps including:

· The acquisition by Promethean of the minority interests in TIS that Promethean does not already own, making TIS a wholly owned subsidiary of Promethean (the "Acquisition");

· Promethean making an offer (the "Offer") to PATF Participating Shareholders whereby PATF Participating Shareholders who accept the offer ("Accepting PATF Shareholders") will receive new shares in the transformed Promethean ("New Shares") in exchange for their PATF Participating Shares. Promethean at the same time will acquire the right, as a new shareholder in PATF, to request PATF to redeem the relevant PATF Participating Shares received under the Offer and to receive as redemption proceeds a representative portfolio of the traded endowment policies ("TEPs") held by PATF; and

· The transformed Promethean being admitted to trading on AIM following a change of name.

The number of New Shares that will be issued to Accepting PATF Shareholders will be calculated based on the relative independent valuations of Promethean and the PATF Participating Shares of those PATF Participating Shareholders who have accepted the Offer, as agreed between the board of directors of each company. Further information in relation to the Acquisition and the Offer (together the "Transaction") is expected to be included in more detail in a circular to be sent to Promethean shareholders.

The Board believes that the Transaction offers the best solution in respect of the Company's final investment asset. However, should the Transaction not proceed the Board intends to put the option to shareholders of delisting the Company and either continuing to manage the Company's stake in TIS on a reduced cost basis or distributing the Company's shares in TIS in specie to shareholders.

As previously announced, the Company's investment management agreement with Promethean Investments LLP (the "Manager") expired on 30 June 2013, the Manager having previously agreed to forego its management fee for 2013. Since 30 June 2013 the Manager has continued to assist the Board in relation to the Company's stake in TIS for no fee. The Company and the Manager have agreed the announcement of this proposed transaction is an appropriate time to end the Manager's assistance to the Company and allow Promethean Investments LLP to pursue its fundraising. However, should the Transaction not proceed, the Company will investigate and discuss with shareholders low cost options for the continued management of the Company's TIS stake.

While there can be no certainty that the Transaction will proceed, should it do so it will constitute a reverse takeover under Rule 14 of the AIM Rules for Companies and will be conditional upon, inter alia, Promethean entering in to final acquisition documentation with the minority holders of TIS, a sufficient number of PATF Participating Shareholders taking up the Offer, the publication of an admission document and the approval of Promethean shareholders at a general meeting. Accordingly, trading in the Company's shares is being temporarily suspended until such time as it publishes an admission document for the enlarged group.

[she-ra] 01/8/2013 16:49

I agree but Smart would have to sort out its massive debt mountain before that could happen.

[masurenguy] 01/8/2013 15:21

Who knows - anything is possible. I still would not rule out a takeover/merger with Smart Technologies.

[she-ra] 01/8/2013 12:54

Masurenguy - Could this go to 5p?