Skiddaw Share Discussion Threads

[fitehills] 04/6/2004 16:37

Agree Jozz all very strange.What do you think it means?

[jozz] 04/6/2004 13:42

Well that was a surprise.......

Sunov have declined to increase their offer for Novus......



And the shareprice has gone UP.

Strange

Luck to the Brave

Jozz ;-)

[jozz] 03/6/2004 15:51

Fitehills

The revised MedcoEnergi bid of A$1.90 closes on 8th June.

Medco have now arranged the finance and their offer is unconditional.

Sunov (Crosby) have said they are considering their next move.

We will know what is happening soonish.

There is no downside IMHO if this deal dosent go through and plenty of upside if it does.

Luck to the Brave

Jozz ;-)

[fitehills] 03/6/2004 15:32

Hi Jozz

What if any news update.I see from the Co website that their offer does not close until 18 June so it looks if we might have to hold on a while yet.

[jozz] 24/5/2004 15:42

Shuffle Man

Have a good nosey round this site......



It will fill you in on all the details you need.

The offer is currently @ A$1.85 per share which amounts to about A$340 million or approx £133 Million sterling equivalent.

It would appear that the finance will come in part from Crosby's Asset Management side and from Crosby's Investment Banking side.

The latest is that Medco have upped their bid to A$1.90.

The Sunov bid remains the one that the Novus board have advised their shareholders to accept.

The Medco bid has many additional conditions attached and one of these is that the bid is subject to them being able to raise the finance (ie they havent yet got a guarantee of funding).

Sunov has also objected to the Australian Stock Exchange as the increased Medco offer was made beyond the original deadline for acceptance of the first Medco offer.

Have a nosey anyway.

Luck

Jozz ;-)

[the shuffle man] 24/5/2004 09:57

Looks very interesting, what is the size of the offer and how are Skiddaw going to finance it.

Comments please

[fitehills] 21/5/2004 14:06

Thanks Jozz for the info,makes good reading.Can't understand why punters are not buying in at these prices.Agree zero downside from here.My original target was 25-30P but have now upped this to 30-35P,given a good day in the market on 8 June they might go higher.Think I will sell some on the day but will hold very tight to the majority of my considerable holding.Might buy some more!!Keep cool.
We are the brave hold very tight.

[jozz] 21/5/2004 13:41

Oz deal deadline extended 2 weeks to 8th June. This is because some shareholders had already accepted the Medico offer so they need to reject it and now accept the Sunov offer (Crosby/Skiddaw)

The market has missed this because the bid is going through Sunov a subsidiary of Crosby. The market is still watching Skiddaw. Independant report has valued Novus at $1.96 - $2.75 a share. Sunov is bidding $1.85 and this has been recommended by the directors of Novus.

Follow the link below and trawl around a bit and all will become clear.

I have 100K shares in SKW and can see zero downside from here.

Once the Novus deal is booked I think we have a potential 100%+ profit on the cards so I am staying in.

Luck to the Brave

Novus link....

[jozz] 20/5/2004 15:49

Tomorrow may be a better day than today.......

Luck

Jozz ;-)

[fitehills] 19/5/2004 16:17

Agree Jozz.When the Aussie deal is announced then we shall see fireworks,believe that it is due very shortly.Anyone got any further info

[jozz] 18/5/2004 10:50

Skiddaw Capital Inc. (Company)
Acquisition of Crosby Capital Partners (Holdings) Limited, placing of 10,000,000
ordinary shares at 12p per share, result of extraordinary general meeting and
application for admission and re-admission to AIM

Embargoed until 8.00am Tuesday 18 May 2004

The board of the Company announces that all of the resolutions set out in the
notice of extraordinary general meeting dated 29 April 2004 (EGM) were passed
yesterday.

Consequently, pursuant to the conditional agreement dated 29 April 2004 between
the Company and Techpacific Capital Limited (Techpacific), the Company has
completed the acquisition of the entire issued share capital of Crosby Capital
Partners (Holdings) Limited in consideration of the allotment and issue to
Techpacific of 200,000,000 ordinary shares of US$0.01 each in the Company
(Acquisition).

The Company also announces that it has raised #800,000 before expenses by way of
a placing of 6,666,667 ordinary shares of US$0.01 each in the Company at 12p per
share (Placing). In addition to the Placing, the Company has allotted and issued
3,333,333 Placing Shares to Silk Route Investments Limited at 12p per share, in
capitalisation of the sum of #400,000 owed by the Company as a result of
completion of the Acquisition (Capitalisation).

The newly issued shares of the Company pursuant to the Acquisition, Placing and
Capitalisation have been admitted to trading on AIM with immediate effect.

As a result of the above issues, Techpacific now holds 85.11 per cent. of the
issued share capital of the Company.




All is as expected.... means over 90% of this stock is now LOCKED IN

Roll on the next Acquisition.

Luck

Jozz ;-)

[jozz] 12/5/2004 15:43

Good to see a bit of life in this today.

Still looking at a 2 week timescale maximum on this one.

Luck to the Brave

Jozz ;-)

[fitehills] 07/5/2004 16:30

Rumours from tipsters of an Australian acquisition.Shares held tight so any really good news should send it cosiderably higher IMHO.Price range?who knows.If you add in the person looking to buy 1 million I would be looking for25-30p at least but it is all guess work until an announcement.

[cyberdyme01] 07/5/2004 15:53

Jozz many thanks and be lucky

[jozz] 07/5/2004 14:15

Mr Cyberdyme Sir

I give no price target only to say higher than it is today by enough of a margin to make it a worthwhile investment.

Apologies in advance if you were hoping for more info.

Luck

Jozz ;-)

[cyberdyme01] 07/5/2004 11:58

Jozz what price target are you looking at in the short to medium term

[jozz] 06/5/2004 16:08

There is a big buyer in the background trying to get 1 Million shares on-board.

Last few days he has managed to pick up a few of the fragile holders.

Luck

Jozz ;-)

[beg bitch beg] 06/5/2004 14:27

buyers around

[macroeconomic] 04/5/2004 10:20

It sure was a helluva flagpole

[beg bitch beg] 04/5/2004 10:14

looks like another leg up coming folloeing the flagpole

[beg bitch beg] 04/5/2004 10:13

whats this about an aussie deal on tips.com?anyone seen it?

[jozz] 01/5/2004 09:55

With the new placing of 200,000,000 shares being over 85% taken up by TechPacific Capital further small institutional holdings of around 4% and over half of the new issue absorbed by existing shareholders this looks very tightly held.

The Techpacific holding has a 12 month lock in as do Cannacord.

We are looking at less than 10% of this being in Free Float.... that brings back some very fond memories.

Who knows what a bit of extra Press coverage and another even bigger deal could do for this share in a very short space of time.

Luck to the Brave

Jozz ;-)

[verytense] 01/5/2004 00:18

Don't hold but noticed Fri's jump in price. Anyone know what's going on...?