Vale Int Share Discussion Threads

[rainmaker] 09/3/2007 01:09

Hi Des-slightly confused as I thought that ISIS had purchased 14.28%, then they had bought 14.28% from Baronsmead but I note they use the "indirect interest" so they are managing these shares on behalf of Baronsmead?

regards

[rainmaker] 08/3/2007 13:22

Just in case anyone was wondering ISIS EP LLP are a Private Equity Company-there's a surprise and "is centred on helping entrepeneurial management teams achieve substantial Capital gains for Shareholders!" I bet. Brace yourselves!

regards

[deswalker] 08/3/2007 13:20

Rainmaker,

See my post #508 re the ISIS holding. They just confirmed that they haven't sold any since this time last year. However it does reduce the options as to the whereabouts of the missing shares that PG picked up in October, although I would have expected ISIS to disclose any sales anyway so we haven't learned much at all.

Des

[rainmaker] 08/3/2007 13:11

Still feel that 20p is very much on the cards this month

regards

[rainmaker] 08/3/2007 13:10

Hmmmmmmm ISIS EP hold 14.28% of the shares as per yesterday's announcement after the close-I said PG wasn't the only Buyer and I've been proved right but who?, if anyone was selling a block holding?, I know there a lot of buying at 14p and I said that a Buyer Order was being executed but could they have bought that many? I'm pleased as this is a positive development and makes a hostile bid much more likely, not that I want that!

regards

[deswalker] 07/3/2007 17:40

Confirmation from the three Baronsmead VCTs that they still hold all the shares they held on 6 March 06.

[rainmaker] 28/2/2007 12:57

London share prices collapse over the last couple of days and VI Group is one of the few to rise!

regards

[rainmaker] 27/2/2007 12:42

Pretty much as expected-a Broker mopping up selling at 14p and now price is moving up again and set to reach 20p in the next week or so!I wonder who the Buyer is ?Not PG as we would have been informed by now!A Competitor,maybe?

regards

[deswalker] 27/2/2007 11:23

nice to see some blue today.

[valhamos] 24/2/2007 20:01

Des - Yes, interesting trades; no pressure on the bid from sales of 450k yet a tick-up on a small buy.

I see your point regarding PG's purchase in October. Either a failure by a seller to notify or PG managed to persuade at least 3 other shareholders to sell, in addition to Pennine Downing, who each had under 3%

Edit: Didn't see it before but one of the trades yesterday was broker to broker.

[deswalker] 24/2/2007 10:59

Hi Valhamos,

Regarding the large purchase by PG in October, here is the RNS.



The Company was informed yesterday that on 16 October 2006 Forvaltnings AB
Bronsstadet, a company wholly owned by Peter Gyllenhammar acquired 3,758,140
ordinary shares at 9.125p per share in the Company.

Following this transaction, Forvaltnings AB Bronsstadet now owns a total of
6,748,722 ordinary shares, representing 18.1% of the issued share capital of the Company.

The Company was also informed yesterday that Pennine Downing AIM VCT 2 plc no
longer has a notifiable interest in the Company.

But according to the 2005 AR Pennine Downing AIM VCT 2 plc only held 1,162,780 shares on 6 March 06 and I don't think they increased between March and October. Consequently there is 2,595,360 shares unaccounted for and no RNS was ever issued to say where PG got this extra 6.97% of the company. This is clearly a large enough slug to warrant a formal notification but it never came.

More big trades yesterday and a tick up. Something is brewing ...

Des

[valhamos] 23/2/2007 13:29

No. But I've just added another 20,000 at 14.95p

Des - PG bought 3.8 million shares in October. If that's the purchase you were thinking of then the seller was Pennine Downing.

Edit: Offer now raised to 15.4p

[michaelg1] 23/2/2007 13:03

Level 2 anyone?

[rainmaker] 23/2/2007 13:02

Des-Agreed Camtek' HQ will go!Dividend for 2006?I think there has to be!Hope you're wrong about the lack of a disclosure for 3mln shares that PG picked up!

regards

[deswalker] 23/2/2007 12:57

RM,

Re disclosure RNS's, remember we had PG picking up those 3 millionish shares last year and no RNS to say who sold so I'm not holding my breath here either.

Very pleasing that there is a buyer but the selling is slightly worrying. I've been in these for a year now and will hold for another. Hoping for 30p by the the Prelims in 2008 and then I shall reconsider.

What we need now is a focus on synergies and cross-marketing opportunities, turnover growth, some rationalization of the number of offices in use and no more acquisitions. Cashflow and dividends will then support a much higher price IMO.

Rgds,

Des

[rainmaker] 23/2/2007 12:56

I think today trades must be PG?!

regards

[rainmaker] 23/2/2007 12:47

Not too worried if Institutional selling today as a VC sold their stake to PG at just 8p when it was obviously to the whole World and his Dog that they were worth considerably more, as has been subsequently proved!

regards

[rainmaker] 23/2/2007 12:44

Hi Des-Slightly baffled as there has been large selling recently but no RNS.750k sold today at 14p so I think I have been right there's defintely a buyer at 14p. But who? And where is all this selling coming from?As I understand LSE rules if an Investor acquires 3% then he must notify the Company or if he already has 3% then he must tell them of any dealings.Surely we will have an RNS for these three trades today

Still v confident of a v postive price outlook though and expect +30p within 6 months(+100%)Have come to that conclusion as VIG's sector trades at a prospective p/e of 17 and VIG is forecast to make 1.82 in the current year.However feel that 30p is only really a starting point due to the terrific synergy being created through acquisitions(look at contribution of recent purchases)and VIG's superior growth prospects!

regards

[deswalker] 22/2/2007 20:14

RM,

More selling today. 135k sold so far this week and no buys. Sell-side volume a little disconcerting but there is clearly a buyer in the background.

I hear you on PG's tactics but maybe all the loosely held blocks have gone and so now he's happy to sit on the bid up until the Prelims ?? There's no catalyst for it to move north until then so why not ...

But I hope you're right and it's somebody else ...

Des

[rainmaker] 21/2/2007 12:44

Hi Des-Don't think so, as there was a large Buyer around the other week and no PG announcement!Large crosses ie a purchase and sale at the same price with PG taking the buy side,are more PG's style rather than letting the Broker hoover up stock at the bid price!

regards

[deswalker] 21/2/2007 12:36

Rainmaker,

Thks for your observations. Been on holiday so not following too closely. Imagine it's PG on the bid.

Des

[rainmaker] 21/2/2007 12:28

Don't know if I'm the only Person to spot that there is a buyer around at 14p!Plenty of selling at that level and normally you would expect thebid to be lowered but the bid remained unchanged and yesterday the offer was raised to 16p briefly. Bodes well for the share price!

regards

[rainmaker] 21/2/2007 12:28

Don't know if I'm the only Person to spot that there is a buyer around at 14p!Plenty of selling at that level and normally you would expect thebid to be lowered but the bid remained unchanged and yesterday the offer was raised to 16p briefly. Bodes well for the share price!

regards