Westside Acquisitions Share Discussion Threads

[pawpaw] 25/1/2001 21:14

who knows when this guys are goinig to start the 10m buy back?. Lets hope this will lift the share price as i'm sitting on a substantial loss at the moment.

[nig295] 24/1/2001 10:33

ductiman

Any news, when will RTI shares come to the market? when they do are they likely to climb, stay put or drop below the 1p offer?

[nig295] 20/12/2000 15:10

Held on to these while they slumped ever further, wish I had the brains to stick to my stoplosses. At least a bit of good news cannot do any harm :-)

[derek wild] 20/12/2000 14:57

Westside Acquisitions subsidiary Westsidetech has bought 33.3p of T2 Training, one of the UK's fastest-growing training companies, for £100,000. The company is also advancing a £25,000 loan to fund the immediate development of "T2 Training in a Box", its online training development programme.

The T2 concept delivers training for managers and customer-focused teams in the corporate sector directly to the client's premises. Developed in 1997 by Sandra Parker, a leading training consultant with more than 20 years' experience, it is packaged into two-hour modules.

These maximise the learning opportunity by reinforcement, using high-energy learning techniques. Existing clients include such blue chip companies as British Airways, British Telecom, Cap Gemini and EDS.

The company, whose net assets following the investment are around £125,000, is expecting turnover to exceed £500,000 for the year ending June 30, 2001.

Says Sandra Parker, T2 Training's chief executive officer: "Westsidetech's investment provides us with the capital to rapidly develop the breadth and scale of our training programmes, with particular emphasis on internet-delivered training techniques. We are expecting a fast expansion of turnover and significant improvement in profitability."

Adds Westside's CEO, Geoffrey Simmonds: "We are delighted to have the opportunity to invest in the innovative programme developed by T2 Training. This represents the first investment for Westsidetech in an exciting and developing market."


dw

[derek wild] 20/12/2000 14:56

Westside Acquisitions subsidiary Westsidetech has bought 33.3p of T2 Training, one of the UK's fastest-growing training companies, for £100,000. The company is also advancing a £25,000 loan to fund the immediate development of "T2 Training in a Box", its online training development programme.

The T2 concept delivers training for managers and customer-focused teams in the corporate sector directly to the client's premises. Developed in 1997 by Sandra Parker, a leading training consultant with more than 20 years' experience, it is packaged into two-hour modules.

These maximise the learning opportunity by reinforcement, using high-energy learning techniques. Existing clients include such blue chip companies as British Airways, British Telecom, Cap Gemini and EDS.

The company, whose net assets following the investment are around £125,000, is expecting turnover to exceed £500,000 for the year ending June 30, 2001.

Says Sandra Parker, T2 Training's chief executive officer: "Westsidetech's investment provides us with the capital to rapidly develop the breadth and scale of our training programmes, with particular emphasis on internet-delivered training techniques. We are expecting a fast expansion of turnover and significant improvement in profitability."

Adds Westside's CEO, Geoffrey Simmonds: "We are delighted to have the opportunity to invest in the innovative programme developed by T2 Training. This represents the first investment for Westsidetech in an exciting and developing market."


dw

[ducatiman] 30/11/2000 09:05

nig295, am waiting for my broker to comment, will let u know his thoughts.

[nig295] 30/11/2000 09:01

I qualify, but not quite sure what this means? how many shares can I apply for?
RTI doesn't exist on the market at the moment, when will it? Excuse my ignorance, can anyone thow any light on this? It's my own fault, I should really make an attempt to learn all the terminology.

[ducatiman] 30/11/2000 08:50

well I qualify, anyone any views on this?

[derek wild] 30/11/2000 08:42

Westside Investments, one of three subsidiary companies formed by Westside Acquisitions following their December AIM float, has invested £500,000 at 1p a share for 50,000,000 Ordinary shares in its wholly-owned subsidiary, Reverse Takeover Investments. RTI was set up in October to identify and invest in companies perceived to be ideal candidates for a reverse take-over.

Says Richard Owen, chairman of Westside: "The move is in line with our intention that each of our subsidiaries - Westside Sports, Westsidetech and Westside Investments - will be developed by acquiring equity stakes in growth companies that can benefit from a combination of financial investmentand strategic guidance.

"The establishment of RTI addresses a gap in the market. There are many companies that lack the necessary City experience to float their business that would benefit from the higher profile and access to capital associated with a quote on a recognised exchange. By investing in, and highlighting suitable reverse take-over candidates, RTI will provide a useful conduit to market and, in turn, attractive returns to RTI and Westside shareholders."

Reverse Takeover Investments has an initial working capital of £500,000. As the company is likely to require larger financial resources best to exploit opportunities, additional subscriptions will be invited from Westside shareholders and other investors.

Westside shareholders and warrant holders who are on the relevant registers at close of business on November 28 will be able to participate in the development of RTI. They will be granted 210,000,000 short warrants to subscribe for 210,000,000 Ordinary shares in RTI at 1p a share (exercisable by 12 midnight on December 21) to raise up to £2,100,000. The deal is subject to shareholder approval.

A prospectus setting out details of RTI and the basis of allocation of share warrants will be sent to Westside shareholders and warrant holders on November 30. Assuming the short warrants are exercised in full, RTI will no longer be a subsidiary of Westside, which would then hold approximately 20pc of the enlarged share capital of RTI.

The executive directors of RTI are Richard Owen (chairman), Geoffrey Simmonds (chief executive), David Hillel (finance director) and Warren Roiter. Randal MacDonnell has been appointed a non-executive director.

Westside are also planning a buy-back programme of up to 10m shares at a 5pc premium to the market price.

Issued on behalf of Westside Acquisitions Plc, Regent House, 5-7 Broadhurst
Gardens, London NW6 3RZ, by Fleet Financial Communications, 6 Middle Street,
London EC1A 7PH.

Enquiries:
Richard Owen, Westside Acquisitions Plc, 020 7935 0811;
Geoffrey Simmonds, Westside Acquisitions Plc, 020 7935 0823;
Ian James/Hugo de Salis, Fleet Financial Communications, 020 7601 1066.

Isabel Crossley,
Fleet Financial Communications,
6 Middle Street,
London EC1A 7PH,
Tel: [phone],
Fax: [phone].