Member Info for GedW

On the basis of the information available to it, the Office of Fair Trading has decided that the anticipated acquisition by KiFin Limited of Minerva plc does not qualify for investigation under the mergers provisions of the Enterprise Act 2002 (the Act), because neither the UK turnover test nor the share of supply test in section 23 of the Act is met. A relevant merger situation has, therefore, not been created.. A third party queried whether a number of concert parties (under the Takeover Code) should be treated as associated persons for the purposes of section 127(1) of the Act. However, the OFT has not needed to determine this question because, even if this were the case, this would not alter the OFT's conclusion that the share of supply test is not met

My guess is that there will be a big push by the substantial shareholders to obtain seats on the Board, hopefully in a dignified way at the next agm, without recourse to a bitter egm calling for oustings. If the Directors can somehow placate the dissenting members then we could have an orderly change in management structure. The sp will suffer short term but recover most and more of recent lost ground..

Some might have adopted that attitude after previous "lowest its ever been". Ther is little support for the shares or hard evidence that any income is forthcoming in the immediate future. But we do know of a mamoth tussle between the Board and a substantial shareholder. I know which horse I am backing at the moment and it is not the one that is riding the sp higher in the short term. My guess is that DOO is in for a major boardroom assault.

After a meteoric 30% rise from 63p might be an idea to lock in a few profits at current 83p. Churn profits on weakness. What is certain KiFin cannot continue with its 50p/share offer, this is now well redundant, it must now improve on its terms or the prospective takeover is dead in the water. Current nav exceeds the valuation put on MNR by KiFin by miles. My opinion is a revised offer of around 80p/share may be tendered, but I am sure that will still not be enough to woo members.

Mears wants the entire issued sghare cap for 31p/share. Members will be offered a share swap by accepting shares in the bidder.

There is little that DOO can do to gather momentum upside in its sp. Buying below 6p weakness makes some sense based on Board room and substantial shareholder rift. Shareholder discontent will lay heavy on the sp for some time, but upside will come. Until the rift between the Board and major shareholder revolt is resolved, best to let dust settle.

As much as the current hike in sp and market cap is welcome, it comes nowhere in fully valuing this Co. We have discussed this many times previous. CPT will deliver up substantial returns and rewards for patient longer term investors. But as always lock in well earned opportunity profits and ride the crests and waves on fundamentals. The current sp is an insult to the Directors work force and investors of CPT and there is certainly some shareholder value upside forthcoming.

Allied Carpet demise effect. Announced today this interesting interim report Highlites. Network sales grew by 11.8% to £34.51m (2008: £30.88m) Revenue increased by 11.4% to £14.06m (2008: £12.62m) Like for like sales up 2.5% Adjusted operating profit* increased by 12.2% to £651,000 (2008: £580,000) Profit before tax increased by 10.2% to £702,000 (2008: £637,000) Total store numbers constant at 80 stores Interim dividend re-instated at 0.25p per share (2008: Nil). With a continued confident housing market and mortgage funding becoming available. looks like UCG cannot go wrong. Appears to be in a growth sector and with CarpetRight set to improve, there could well be a tussle between the two major flooring retailers for improved market share.

Hi boredmum Keepitsimple.. Yes a nice little surprise.. This is in addition to the expected special dividend that has been penciled in. There should be a lot of sp volatility around ex divi date. Are we any wiser as to when the special divi will be released?

Southern Bear, a holding company focusing on investments in the support services, industrial and engineering sectors of the UK and Europe, is pleased to announce that it has conditionally agreed to acquire the entire share capital of Intumescent Protective Coatings, a company whose principal activity is the application of fire protective coatings to steel structures, for a consideration of up to £4.83 million (subject to adjustment based on IPC cash and net asset positions at completion). The acquisition consideration will be satisfied as to up to £3.45 million in cash with the remainder to be satisfied in new ordinary shares. http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10313881

Carpetrite have produced brilliant numbers for the last reporting period. This is good news for UCG as it too picked up additional sales post Allied Carpet demise. The upbeat housing market will filter down to UCG eventualy

It looks to me like the conditional terms of the offer will not be met as to acceptances. KiFin will have to increase the offer price or amend its other offer terms in order to woo the other wavering shareholders. Accordingly, as at 1.00 p.m. on 14 December 2009, KiFin either owned or had received valid acceptances of its Offer which it may count towards the satisfaction of the Condition to the Offer in respect of a total of 48,800,993 Minerva Shares, representing, in aggregate, approximately 30.28 per cent. of the issued share capital of Minerva. "inter alia" of offer document Acceptances The Offer will be conditional only upon valid acceptances being received (and not, where permitted, withdrawn) by not later than 1.00 p.m. on the First Closing Date of the Offer (or such later time(s) and/or dates as KiFin may with the consent of the Panel or in accordance with the City Code, decide) in respect of Minerva Shares which, together with Minerva Shares acquired or agreed to be acquired before such time(s), will result in KiFin and any person acting in concert with it holding Minerva Shares representing in aggregate more than 50 per cent. of the voting rights then exercisable at a general meeting of Minerva including any such voting rights attaching to any Minerva Shares that are unconditionally allotted or issued before the Offer becomes unconditional. For the purposes of this condition.

There is continuing disinterest in SUN by the "city", this will continue as long as there is little appetite for the SUN offerings and no analyst attention. Current sp is being hung onto by the fingernails and will not be sustained, sp will probably weaken to recent levels. Directors recent share buying confidence is the only support for the shares at the moment with private buyers keeping away on what is a leader in its field, but scientific equipment is not as glamourous as the current trendy hyped stocks. SUN will have its resurgence and looks undervalued on prospects.

The veterinary market represents a significant opportunity for SUN. It is estimated that approximately one in two UK households are pet owners. Veterinary surgeons perform an average of 600,000 open abdominal procedures every year, but it is believed that only 1% of vets currently practice laparoscopic surgery. SUN are working closely with the UK's leading vets and organisations including the Royal Zoological Society of Scotland and Ark Surgical, the UK's fastest growing veterinary distributor, to educate the veterinary community of the benefits of laparoscopic surgery. By providing the right instrumentation we hope to enable UK vets to introduce laparoscopic techniques as part of their standard operating procedures.

Those that locked in the long runging profit taking game along the way and in in early July last year and bought back in the low 30s will be sitting on some decent profits. With a cash offer of 75p/share that has more than doubled the ongoing investment here. It is unfortunate for long term holders that the offer comes now, as I believe that with a strenghening corporate environment £1.50/share was quite achievable but not certain in a couple of years down the line, so the offer on the table is very opportunistic and a good one, on paper, for the bidder.

Thanks for clarification.Gartmore Investments Ltd have been shorting stock and announced today that they shorted 23,970 at 5.76p and still hold long 11.66% 14.78Mns of the voting shares. Piper Jaffray took up the slack.

http://www.piperjaffray.com/europe/

It has now become clear that Piper Jaffrey Ltd is the clear stalker of DOO. Having bought up a further 27,500 shares.

This AIM listed consultancy specialising in the identification and development of high growth potential SMEs, announces that it was informed on 8 December 2009 that Colin Brumpton, a director of the Company, on the same date purchased 20,000 ordinary shares in the Company at a price of 16 pence per share. Following this transaction, Mr Brumpton has a beneficial interest in 1,840,377 ordinary shares representing approximately 13.7 per cent. of the issued share capital and total voting rights of the Company. In addition to the above, Mr Brumpton has options over 100,000 ordinary shares STTM The issued share capital of the Company comprises 13,385,086 ordinary shares of nominal 2 pence each.

Clarification of share trades. Colin Brumpton ned bought the 175,000 shares on 1st December. Mr Michael Metcalf bought 54,167 and 107,000 (listed as sells on the BBs). Could be an idea to follow these Director purchases. Normal market sizes is supposed to be 1500. Spread might be a tad off putting but the real dealing spread is much narrower.