Proventec Share Discussion Threads

[katylied] 05/9/2005 14:31

459

They have been left holding about 11,000,000 shares
athorised at 14p/share that they cannot shift. The
ones they did place were probably placed as fees
for the reverse takeover. Smoke and mirrors...

[459] 05/9/2005 14:25

umsure here.

they've moved the goalposts and changed direction fairly drastically but they appear to have got 14p apiece for these "new" shares and to my mind if someone was/is willing to pay above market price to get in on the act maybe it's a better deal than we realise.

time will tell but todays fall is probably all down to the comments made in the i/c. don't think it can hurt tightening the s/l and holding until there is some news of how they are going.

must admit to be totally puzzled as to why they want to go cleaning when they were plodding along well and things seemed to be on the up with thier investments showing through well.

i keep looking but can't seem to understand thier reasoning, maybe we can't see the wood for the trees and are missing the point. could do with some decent explanation from the management on how they see things going forwards and what advantage we have gained.

[pomp circumstance] 05/9/2005 14:12

YAWN!!!!! zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[katylied] 05/9/2005 14:11

Of course you are... lol!

[pomp circumstance] 05/9/2005 14:05

just looked at my Portfolio and Im more than convinced!!!

[katylied] 05/9/2005 14:03

lol! Pommy. Keep it up. No doubt you will
convince yourself eventually... lol!!!

[pomp circumstance] 05/9/2005 14:01

Sorry Katie is this a new rule that we have to maintain the same view on a stock from start to whenever!!
DC didnt deliver what he was indicating and I got out with most of mine, have a few left for free and only started the thread coz I thought the title funny!!

Now off you go and guess somewhere else!!! How about the RGO thread or the LEAD or JLP maybe!!

[bill.slygo] 05/9/2005 13:59

what is furry,has 4 legs and a tail and barks?.....Flinstone tech

[katylied] 05/9/2005 13:53

lol! I really don't know who you think you are
kidding. No one who followed your posts on
the last FLT thread, that is for sure...

[pomp circumstance] 05/9/2005 13:36

Dont bother me, only have a handful left for intrest, sold out most a while back as you instucted me to!!! ;)

[katylied] 05/9/2005 13:34

Wheels coming off Pommy? Frankly, I am
surprised it has taken this long...

[jonwig] 02/9/2005 07:56

need a new keyboard thinkbig?

[thinkbig?] 02/9/2005 07:55

no just goes to show the market always does the opposýt to what you thýnk

[katylied] 01/9/2005 19:22

thinkBIG? - 4 Aug'05 ...other mms will have to find stock to balance their books over the coming weeks as news will be out on the 23rd of this month as well and it is a done deal. 14p in two weeks if i am wrong i will stop trading!...

So thinkBIG?... Have you stopped trading?...

[thinkbig?] 01/9/2005 15:53

looks lýke we have some ýnterest agaýn only small buys but ýt ýs a start

[learntlesson] 31/8/2005 17:52

Hmm - it seems a new substance has been created which is the first substance to be harder than diamonds.

It is a long way perhaps to production. But its got me interested in it, and now more unsure when/if to come in here.

I have posted this on HDD too as I want to gather information on how to invest on this new material (perhaps some bet hedging - the chances of a another super-hard material being found must be less high now?).

[shavian] 31/8/2005 12:09

Meanwhile, back in the real world, RNS shows that Cornhill dumped its holding in FLT earlier in the month - probably the institutional seller remarked on by several posters to the previous thread.

[pomp circumstance] 30/8/2005 20:39

HOOOOOOOOOOOOOOOOOOOORAAAAAAAAAAAAAAAAAAAAAAAAAAAAhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh



tosss pot show your self you bufffffffffffffooooooooooooooooonnnnnnnnnnnnnnnn

[pomp circumstance] 30/8/2005 07:09

More moving around!!!



Proventec PLC
30 August 2005




Press Release 30 August 2005


Proventec Plc

('Proventec' or 'the Company')


Board Changes


Proventec Plc (AIM:PROV.L), a provider of specialist cleaning and coatings
technologies, today announces that following last week's acquisitions that two
of its non-executive directors, Dr Pavel Shashkov and Dr Yuri Zhuk are stepping
down from the board of Proventec with immediate effect to join Flintstone
Management Services Limited ('FMS'), a wholly owned subsidiary of Proventec.

Dr Shashkov is the Technical Director at Keronite Limited, a company which has
invented and markets a process for creating hardened surfaces on aluminium,
magnesium and titanium and of which Proventec owns 12.57 per cent. Dr Shashkov
is stepping down from Proventec to concentrate on the development of Keronite.

Dr Zhuk is similarly stepping down to dedicate his efforts to Proventec's
flagship investee company, Hardide plc, where he is Technical Director. Hardide
floated on AIM on 4 April 2005 having successfully raised £1.41 million net of
expenses on its initial public offering.

David Chestnutt, Chief Executive of Proventec, commented: 'Pavel and Yuri have
each contributed a great deal of technical scientific and Russian expertise to
Proventec, which has been invaluable and they will continue to do so in their
new roles at FMS.'

[fse] 27/8/2005 22:41

I am not sure that this is a total disaster either.
Its hardly what we signed up for but we simply dont know enough yet to say this acquisition is rubbish..... they could just as easily be oversold.
Also there are possible synergies here that are not completely in the open yet....

Mind you click on this link !



You would have thought they would have the nouse to register this domain !!!

[rapier686] 25/8/2005 12:04

Perhaps Mr Stick is stuffed for want of a buyer in his size?

If the deal is a good one it was for Flintstone to communicate this. On the information they did present the acquired businesses looked rather bad value at £30m.

Having missed the chance to sell at a higher price, with PROV shares valued at 10.5p the aquistition cost is down to £25m. Not quite as bad.

And there is the observation that the directors' communication skills have been appalling but their actual picking of technologies which can be successfully commercialised appears ok.

So it's just possible that the aquisition does actually make good sense, and at 10.5p bid I'm not minded to walk now.

[pomp circumstance] 25/8/2005 11:42

Bascially theyve given 65% of OUR COMPANY to a load of Dutch Cleaners!!

Having lived here for the last 9 years I can tell you all "Dutch" cleaners are East Europeans, Morrocans and Turks!!! No further comment!!