Xps Pensions Share Discussion Threads

[29howard] 17/1/2014 16:14:28

Game over L&G are out they held 51,946,109 must have sold 3 mil in open
market but the rest has been sold in one block at 0.6p and if Jones is buyer
then that should be that.

[harvester] 17/1/2014 16:13:32

Since PJ now has majority control he can do more or less what he likes including appointing new directors. The only decisions left to PI shareholders is to approve a takeover or otherwise .

[harvester] 17/1/2014 16:08:27

Looks like the institutions hold about 13% . Is that right ?
Medical debentures notified an interest of 4.13% at 15:59 on 16/1 but I do not understand how they arrivved at that figure after the preceding RNS announcements .
One of their notices on 16/1 indicates that they exercised some call options.
Who issued those call options? The company directly to the institution ?

[29howard] 17/1/2014 15:37:17

Legal and General sold to PJ then it will be game over

[vyke82] 17/1/2014 14:39:25

hamidahamida, if xps bought back shares or cancellation and PJ didn't sell, then his control over the company would increase, so buy back could mean shooting yourself in the foot

[graham1ty] 17/1/2014 12:51:36

Joe....it is not voting against that is needed, just doing nothing. Just need noone to accept the bid. Am a bit worried by these enormous trades.....even if a buyer....has to be a corresponding seller. cannot recall Panel rules, but big trades have to be rported pretty quickly

[joe say] 17/1/2014 12:29:52

No-one of course has to accept his offer - if enough vote against then he wouldn't gain full absolute control

[double6] 17/1/2014 12:28:14

92 mln transactions went through at 0.62p.

PJ ??

If so, minimum but out price now at 0.62p....

[hamidahamida] 17/1/2014 12:25:12

last year the puppet board booked £600000 for aborted takeover and never told the market who the companies were, even this 2.2 million bad debit in usa stinks

[hamidahamida] 17/1/2014 11:59:32

Graham
xps should have started share buy back program they had the cash to do it, i mean with £1 million 200 million shares could have been bought for cancellation
and Petre's %holding would have gone up without him having to put the bid in
but the puppet board have been hiding company turnaround with paper losses just to depress the share price so Master Peter can get it on the cheap.. It stinks

[harvester] 17/1/2014 09:34:56

The disclosure figures from Medical Debentures don't seem to be adding up . ???

[graham1ty] 17/1/2014 09:32:01

Howard, there is nothin to stop him buying more now......except that he then has to relaunch his bid at the highest price he has paid in the last year.....all the admin hassle and cost of rebiddding just days after announcing the first bid.....

[harvester] 17/1/2014 08:15:36

howard: you can stop him by buying a 26% stake today !

[29howard] 17/1/2014 07:35:30

What is to stop him buying higher 1.5 mil chunks in the market to get control as others sell, so he has to pay 0.15 higher for the next 20% to him we all know it will be worth it, in 5 years time he will float them all again for 50 million it is legal robbery

[graham1ty] 16/1/2014 21:25:40

It cannot be PJ buying today. Whatever bid he makes has to be at the highest price he has paid in the last year. If he has paid over 0.525p today he would just have to revise his offer

[29howard] 16/1/2014 20:33:25

All depends on the volume today, is the buyer PJ or somebody else trying to stop
him getting total control, read your posts LBO it is truly disgusting what some
people in business will do and Peter Jones is right up there but then you see him
on Dragons Den screwing people all the time these people are so arrogant and greedy they do not care one bit about screwing shareholders so he sells business's
to Xps for 48 million and then tries to buy it all back for nothing when there could be signs of a big recovery.

[lbo] 16/1/2014 13:44:25

His telecoms technology business Phones International Group had already earned him a fortune when he joined the Dragons, eight years ago. His personal wealth is estimated at almost half-a-billion pounds.

Despite its success, most people will have never heard of Phones International Group. But in his latest venture he is rather more in the limelight. In March he bought high-street photographic chain Jessops.

The company had collapsed into administration with debts of £81million. Jones snapped up the business for £5 million and began drastic surgery, giving customers the chance to play with products in the same way as at an Apple store.

Jones says: 'It had a very tired, weary estate of 200 stores, of which over 100 were just not profitable. I'm not any form of genius, I'm just copying someone else's success.

'We've got 28 stores operating today. Our sales are up like-for-like over 30 per cent, compared with last year. We will in our first year generate sales in excess of £70 million and we will make a profit. About 85 per cent of the 500 staff are original employees.

[lbo] 16/1/2014 13:41:06

Jessops owner Peter Jones has revealed the camera retailer will generate sales of more than £70m and will make a profit in the first year under his ownership.

[vyke82] 16/1/2014 11:26:36

Till Peter gets 75% this should go up. I think out of courtesy to PIs he can just offer 1p to take it private.

[lbo] 15/1/2014 23:50:28

This company has been very badly managed IMHO

[lbo] 15/1/2014 23:44:29

From a recent house broker N1 Singer report at the time of the AGM late last year:

XPS trades on a prospective Apr 2014 PER 3.5 falling to 2.8 April 2015 or 3.0x on a cal 2014 basis, (0.6x EV/EBITDA)

Our analysis suggests the intrinsic value of 1.6p is almost triple the current share price.

Revenue targets
2014 £112M
2015 £122M
2016 £139M.
EBITDA
2013 2.2M
2014 2.8M

[harvester] 15/1/2014 23:33:59

I had no knowledge of this co until today and therefore still have very little knowledge to contribute to your discussions .
However, it appears to me that the loading of £2.2 mill of exceptional losses into the account just seven days before the takeover attempt was designed to hide the turnround of the company . By front-loading these restructuring costs and before the benefits of the T-mobile contract come through it appears to be an attempt to short-change long-term investors.
I hold no shares in this company and have no vested interest in it . So far !

[tomboyb] 15/1/2014 23:17:55

Agreed LBO - It seems the only winner here is Jones - shareholders shafted! I hope they do not recommend it. The tech market seems to be taking off here and at this juncture it would be a kick in the teeth -