megaloss
11 Dec 2015
Re: 143 seems about the right price to me...wouldn't be surprised to see a lot of kitchen-sinking once the bid goes through as well...if you take out construction, the refit business is between half and two thirds of the way through the current boom cycle IMHO before the inevitable downturn, so it's hard to see why there would be lots of other suitors waiting in the wings. Just my 2p of course...
HUCKLEBERRY TIM
11 Dec 2015
Re: 143 Did the SP precipitate the offer or did the offer incentivise people to get the sp down?Someone will make out like a bandit as this company feels like a £2 share that can be bought for £1.43.
Lupo di mare
11 Dec 2015
Re: 143 Might be being a bit hopeful, but I wonder if this might flush out another suitor.
LoadsaDosh2
11 Dec 2015
Re: 143 It doesn't take two minutes for the management to say 'the offer significantly undervalues the business'; I imagine there's things going on behind closed doors. That's AIM for you.
Lupo di mare
11 Dec 2015
Re: 143 Anyway, if they made an offer in June, that must have been above 143, and that was turned down. Come on then ISG, let's hear the good news, if you can be believed - and that's the problem, innit.
Lupo di mare
11 Dec 2015
Re: 143 "No statement from management to the contrary." Give them time, m8; it wouldn't have looked very good if their response had come out at the same time, would it. ISG shouldn't take long to come up with a response: Cathexis didn't build-up a near 30% shareholding just as a long term investment, and the latest increase in their holding would have set the ISG management searching for a good news story to tell.Bit disappointed that the sp hasn't gone above 143, as that would have indicated the obvious. Still, give it a bit more time.Wonder where LG is.....
LoadsaDosh2
11 Dec 2015
Re: 143 Looks like its a done deal. Engineer the price down and sell out cheap to existing shareholder. No statement from management to the contrary.
spankaroo
11 Dec 2015
Re: 143 Well that was out of the blue - what a crra^^y offer!!! I would have thought 170p, the last placing price would have been more appealing to existing shareholders.
HUCKLEBERRY TIM
11 Dec 2015
143 Erm no.
spankaroo
10 Dec 2015
Re: bottom Not an easy call, especially with so much red on the screens. Bought a few, as unlikely to get in at absolute bottom. I'm sure the management know they are being judged, with farewells in order soon if nothing changes and will be moving everything within its powers to resolve the situation. I see Cathexis has increased its holding to 29%, after taking the majority of its holding in the last placing. Good biz, trying to escape an era of low margin construction deals, which could most probably do with some new top management or taken out - in Cathexis 's court I guess.
megaloss
10 Dec 2015
Re: bottom You just have to pick your entry point and dive in, Spankeroo..mine is 120 but the closer we get there the more I keep getting second thoughts, so maybe I'll hold out until it hits double figures (I doubt that but whonose?)..
spankaroo
10 Dec 2015
Re: bottom Picking bottoms can be a messy biz at the best of times, but I don't think you are too far off with your assumptions. From what I can gather of the £5m shortfall,between £1-1.5m relates to the old legacy stuff and the rest is deferrals/timing issues, which may correct by the YE June 2016. Worst case on the info we have £11m PBT, thus at current price 7.5x PE, with a good yield. Think share price wise over done, but a lot of people were expecting the worst was over, so a lot of bull positions unwinding. Must say very tempting
indibay
09 Dec 2015
bottom if there is another shock to come it can only be the tail end of this unhappy twelve months ..making a third provision for another huge sum would smack of being evasive so i think the worst is over. i remember three or four years ago almost every company was cutting throats to keep going so it maybe they did not do so bad. i will hang on
FRTEB
08 Dec 2015
Re: My price target here is 175p FRTEB "I get 136 so I'd be interested in knowing how you got 106. I must have missed something." ---------- ---------- - We've broke through my 136 (132 as I type) so unless we bounce back from here convincingly it's looking like LG's 106 is on the cards.
Lupo di mare
04 Dec 2015
Re: My price target here is 175p LG - I sold half on 14.10 @ 234p. I kept half because I reckoned that they're worth holding for the long term - and still do. So does Cathexis by the look of it.If you don't believe me, check back on my 15.9 posting, " If it gets to 230p, I'll be taking some more profits.".The update doesn't surprise me, as I said on 8.9, "Just hope that that really is the end of the provisions; although I'd put money on it not being the end,".
