Member Info for Aphrodite

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=STOB&ArticleCode=s8oy7w6c&ArticleHeadline=Disposal_of_Stobart_Air_and_Propius

What legal challenges are being made? The assets are gone. Connect has them. A vote on a shell is all that remains.
There may be an inquest.

IC View

It appears to make sense for the broader Castleton group to take the capabilities and skills of Castleton India in-house. The company made another larger acquisition in January – buying Deeplake Digital, a provider of digital technology for landlord and tenant communications in the social housing sector, for £1.8m. The shares trade at 15 times forecast adjusted earnings for FY2019 (based on house broker FinnCap’s estimate). Buy.  

Last IC View: Buy, 92p, 6 Nov 2018

TechmarketView
Castleton buys development expertise from Indian partner
Martin Courtney, 08:12, 21 February 2019
Castleton buys development expertise from Indian partnerThe £350k purchase of CarbonNV InfoLogic is just the latest in a string of acquisitions for Castleton Technology as it pursues its buy and build strategy (see Castleton Technology: The post-integration journey and Castleton Technology acquires Deeplake Digital).

The deal makes perfect sense for a company that has come to be known as Castleton India given the close partnership between the two firms forged over the last year.

CarbonNV’s 21 staff in Bangalore and Vadodara, which currently provide software development expertise for Castleton, will now become Castleton employees. Management hope the extra headcount will help the UK managed service provider bring new digital products to market more quickly at lower cost.

That looks like a sensible move to us, given the company’s ambitions to align its portfolio more closely to market demand and the continued shift towards business process digitisation and mobilisation.

Here's Tony Smiths's initial views on it from December. His points have or are being addressed, with the operation now part of the Castleton Group like Kinetic, and staff numbers growing to whatever level proves efficient and effective.

http://tonysmiththathousingitguy.blogspot.com/2018/

People will interpret it differently. Whatever, the board are saying that if the Connect deal fails, it will be too late to put the contingency proposal into effect.

No 'bid' has been made. Flybe has received 'a preliminary and highly conditional outline contingency proposal' in the event the Connect deal does not proceed. A proposal seemingly following the same lines previously put forward by Tinkler, described as a "very preliminary, short and highly conditional outline contingency proposal ", in the event the Connect deal did not proceed.

( housebroker) reiterates 125p in morning note re. Castleton India.

Acquisition. Squares it all up following the earlier announcement.

By the time that's decided, the vote, it's a shell anyway, with only paperwork to do.

Thank you..

Thankyou. So without me prolonging it, you are seeking regulatory scrutiny of the prodeures followed, or not followed,

As to notification of a vote.

Thankyou for that clarity. Can I just ask this. Regardless of the divestment outcome, and I well understand thoughts there, do you accept, albeit with much scepticism, that Flybe satisfied it's responsibility at that time by publication of the shareholder circular regarding the listing change.

What loss to you do you consider Hargreaves Lansdown as a FS regulated body to be responsible for?

Protest Vote - a democratic exercise where the other side won.

Don't hear much about Lcal authorities, but read today that Castleton working on project with them due to go live 2020.

Haha. What was it actually worth when?

Share price held today, despite the selling. Don't know what to make of the 88.25.

The '40p bid' seems to be pure assumption based on the price it went to/was at at the time. Unless somebody has a source for the '40p bid'.