Xps Pensions Share Discussion Threads

[harvester] 24/1/2014 17:24

Graham: makes sense . My limited research confirms .
Two days ago a trade went for 1 million shares at 0.55 .
Seems a low-risk trade .
What would worry me slightly is that PJ already has >50% holding , i.e. overall control so that he can issue placings of new shares, control the remuneration package of directors , and run the company as his personal fiefdom .
The executive jet may already be on order ! :-)

[graham1ty] 24/1/2014 11:01

harvester, I have not found ( have not looked hard) for the gossip as to what is really going on here....either on BBs or in trade press. I think ( only think) that the L&G stock came available, was offered to PJ ( as the only buyer) an, as he does believe this is worth a lot more) he took it for cash. Then, under Panel Rules, and only because of Panel Rules, he was forced to make a bid at that level. Nothing more ominous than that. If a few shareholders accept, he is happy to take more cheap stock. If not ( and at these levels, why would anyone accept)then he just has a bigger holding in his QUOTED company. It is not my belief that he is trying to delist it ( though ultimately if it is not valued more highly by the market he might want to); nor that he is trying to "steal" it at a derisory price ( though he would always buy more at this level if anyone would sell them to him). The "Offer" price of 0.525p is at that level only because it is the price that he struck a deal with L&G.

I am suprised that there has not been more commentary, now this is in the spotlight, saying that it is a steal at these levels. Medical Debenture have taken that view, but if others really good drawn in, the price would be 1p++ before you could blink.

[All of the above does NOT excuse the vastly inflated original price, or let the mug institutuions off the hook for their taking stok at 5.6p]

[harvester] 24/1/2014 10:53

no trades or trade prices listed today ?

[harvester] 24/1/2014 10:23

Graham,
only just found your response. Thanks for reply .
Interesting ! I have not taken a position since I know too little about the company . My investments are usually in big-caps but I may branch out a bit since the big-caps can be quite boring .The tiddlers are high-risk but can give good rewards if you take the time to do your research and time it right .

[graham1ty] 21/1/2014 16:13

Harvester, I have actually spoken to the Panel. The other side of the 48 WAS declared, but last week, prior to the L&G announcement. In other words, they possibly slightly jumped the gun. The other side was a buy of 44m shares at 0.61p by Medical Debenture Investments. They now hold 7.92%

Cannot find any meaningful info on Medical Debenture.....Irish securities house ??

[graham1ty] 21/1/2014 08:51

Agree Harvester. Surprised not to have disclosure for the 48m. How does L&G look ? Sell most at 0.525p.....keep some.....why ? Then sell the rest at 0.6p a couple of days later....

[harvester] 18/1/2014 18:55

I had expected to see a further RNS today to disclose the buyer/seller of the 48mill chunk traded yesterday but no further news . It looks as though ther City takeover rules are not strictly observed .

[mrmclellan] 18/1/2014 02:40

Use it freely. PD

[mrmclellan] 18/1/2014 02:39

29howard, little more research, the gang is even bigger than you thought.

[harvester] 17/1/2014 23:15

howard: L&G sold 3 mill @ .65; Medical deb bought extra 44 mill @ .61 ;
no RNS disclosure yet on advfn who traded the other large chunk of 48 mill.

[harvester] 17/1/2014 16:40

I suppose we will have to wait for the RNS tomorrow or is it out already ?

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

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

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

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

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

[vyke82] 17/1/2014 14:39

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

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

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

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

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

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

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

[graham1ty] 17/1/2014 09:32

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

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