Sci Entertainment Share Discussion Threads

[life of crime] 09/10/2008 06:28

Let's hope that E&Y auction Tchenguiz's stake with trade buyers. That would be the best way to get a good price. That may be more likely now that Kaupthing has just been nationalised by the Icelandic govt, so there may be less pressure to raise money immediately at the expense of value.

I hope it doesn't end up in WB hands, as that would leave them with almost half the firm and block out a rival bid in the future, but they must be in with a good shout. If EA or UbiSoft, etc are interested in SCi, this is their chance to prove it.

[the crypt] 09/10/2008 06:24

it seems to me, that no one likes Robit Tcengeese. cos he don't understand what he is doing. I expect SEG to open at 9p today. Dam that Robber Ten.ggese

[togglebrush] 09/10/2008 06:21

The demise of Robert Tchenguiz as quietly been expected for some time. It may have had some influence on the SEG share price. The example of Mitchell and Butlers may be an indication of his effect on share prices

Mitchell and Butlers shares were just under £9 a share in the summer of 2007. At the time there was discussion with Robert Tchenguiz, who owned 25% of their shares, for a complex deal including a REIT. The credit crunch started and by September 2007 they were have to write off a loss of £140 million. The last day of this September the MAB share price was 219.25p. Robert Tchenguiz sold out at 130p. It jumped up latter the same day to 163p.

Robert Tchenguiz relationship with Sainsbury's was often believed to be an uneasy one. Their share price also reflected this.

[queeny2] 09/10/2008 06:20

I think they'll place it, they did with SBRY and MAB

Nigel - re TAN, no rush I think!

[the crypt] 09/10/2008 06:19

i am losing fortunes in this............................. i have already sold some to pay a bill, pleased i did now.

[the crypt] 09/10/2008 06:16

what about my 37,500 shares?????????????????????????

[the crypt] 09/10/2008 06:15

tengese - why didn't he spread him risk, what a muppet..... i bet his property empire will collapse now, the guy will be homeless t thuis rate.........

[the crypt] 09/10/2008 06:02

robert tengeese = life goes on - lol lol - you aint so clever now are you, boy!!!

[dealy] 09/10/2008 01:39

Opportune time for the company to give some form of a trading update or for management to buy stock.

23p already factors in a hell of a lot of distress due to Tchenguiz.

[gnnmartin] 08/10/2008 23:22

queeny, yes (re Tanfield). Just watching at the moment.
Nigel Martin

[queeny2] 08/10/2008 21:39

nigel did i see you on the Tanfield thread recently?

on seg, i would be surprised not to have heard of the sale of Tch's stake, if placed in the market, will check first thing tomorrow. I did call Peel Hunt this afternoon, bloke hasnt rung back yet.

[gnnmartin] 08/10/2008 21:24

Tchenguiz's director has resigned. That suggests today's fall was Tchenguiz selling up: if so, the fall was relatively modest.
Nigel Martin

[the crypt] 08/10/2008 20:39

peeps on iii board reckon that tchengchinese will sell the wb. but will wb buy em?????lol you gotta lafff, iniittt

[life of crime] 08/10/2008 18:39

The Board has answered my question. It just remains to be seen if it's WB that will pick up his shares.

RNS Number : 4392F SCI Entertainment Group PLC 08 October 2008

8 October 2008

SCi Entertainment Group plc

Director Change

SCi Entertainment Group plc announces that today Aaron Brown has resigned as Non-Executive Director of the Company with immediate effect. Mr. Brown is a representative of Thorson Investments and director of R20 Limited, the investment vehicles of Robert Tchenguiz.

Ends

Enquiries

Madano Partnership


Matthew Moth/Mark Way 020 7593 4000

SCi Entertainment Group plc


Tim Ryan - Non-executive Chairman 020 8636 3000

About SCi Entertainment Group plc

SCi Entertainment Group is the holding Company of Eidos Interactive, creator of some of the world's leading videogame properties. The Group consists of several development studios including Crystal Dynamics, Io Interactive, Beautiful Game Studios, Eidos Game Studios and Eidos Montreal as well as sales and distribution offices in Europe and the US. The Group has a valuable portfolio of intellectual property including: Tomb Raider, Hitman, Deus Ex, Championship Manager, Carmageddon and Just Cause.

www.sci.co.uk

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

END

BOADVLFBVBBLFBF

[life of crime] 08/10/2008 18:06

The next day or two will be interesting to say the least. It is difficult to know how much pressure Tchenguiz is to offload these shares and why they weren't dumped on the market this morning along with M&B and Sainsbury's.

Looking at it negatively, it could simply mean a trade sale to WB is being arranged instead, at a knock down price. If so, that would leave WB with almost half the company and I think they would try to force a sale of the rest of the shares (at not much more than 50p max IMO).

Alternatively, perhaps Tchenguiz has cleared his debts to the Icelanders with today's disposals and SCi remains uninvolved, which could be another reason why it was not put on the block today.

One way or another, I think the board should make a clarifying statement asap.

[dealy] 08/10/2008 16:17

We certainly have a problem if there are mass liquidations of shares at any price. There is no logic in that. Administrators often take their time to liquidate assets - that's why administrations take so long.

If these shares are on sale tomorrow at 10p then I guess I will try to pick some up and let everything else go.

[togglebrush] 08/10/2008 15:44

Back of a Beer Mat calculation and updating earlier numbers.

What if Time Warner bought out Thorsen Investments (ex derivatives) ???

Bought at say a fire sale price of 21p for 37 million shares – Roughly £7 million goes to Thorsen.

They would hold 69.4 million shares or some 27% of all shares.
If over 29.5% they would have to bid for the whole company.

Their average cost would drop from £1.50 per share to 87 pence per share. By some estimates this 87p is closer to the short term realisable value. It may be agreeable to both parties.

Just a thought with some rough numbers.

[darrens] 08/10/2008 15:40

dealy, certainly the former, I hope the latter. *gulp*

[the crypt] 08/10/2008 15:36

darrens - you must be a very wealthy mannnnnnnnnnnnnnnnnnnnnnnnnn to be able to enjoy thissssssssssssssssssssssssssss

[dealy] 08/10/2008 15:35

darren

do you think the moment in history will only be remembered for us all getting poorer or will it also be remembered as a great time to have picked up cheap stocks?

[darrens] 08/10/2008 15:29

dealy, luckily it's only money. We are witnessing a moment in history that will be talked about for years to come.

Everybody's going to be poorer going forward (one way or another) so just try and sit back and enjoy the show. I'm finding it fascinating.

[the crypt] 08/10/2008 15:24

obviously Rogers feels comfortable with the share price, cos he hasn't bothered to make any announcement to try and restore some confidence.