Member Info for Humblepie

Those few 50.000 trade look obviously theirs. (Ardens) Are they reporting them 1 week later?

Going to have to keep a look out for those form 8.5`s from Arden Partners. It looks like those big trades on the 23 of December was theirs. I wonder if they want out completely.

up until 23 December. £2,961,429 in cash and equivelents. So 60% of market cap is in cash and equivelents...

I know what you mean when you say the market does not believe it will happen. What you do then is bet against the market. Hope it got it wrong if it has you benefit. You exactly right about KDD I remember someone pushing them thinking the offer would be in excess of the present price and it came in lower then estimated and then for shares and not for cash....

It is in the process freeshare, got my foot in the door and thinking of raising it a little as time goes buy...I am still reading up on the last report available.

There is no guarantee an offer will be made and if one isn`t they will be seeking further funding to continue with necessary projects..So there you have it the positive and the negatives...

Financial highlights: á Revenue increased to £2.306m (2009 H1: £1.422m). á Adjusted EBITDA increased to £0.890m profit (unadjusted £0.597m, 2009 H1: profit of £0.290m and loss of £1.116m respectively). á Loss after tax decreased to £0.767 (2009 H1: £1.983). á NOPAT loss decreased to £0.151m (2009 H1: £1.574m). á Positive net cash flow from operations, before movements in working capital of £0.417m (2009 H1: £0.360m negative). á Net asset value per share of 53p (2009 H1: 58p). á Further cost reduction underway. The main thing is the asset value.......(stated assets?) 53 pence......

this is all we have at the moment http://www.investegate.co.uk/Article.aspx?id=201012230700094865Y

I cannot see a takeover at a discount, so it looks like there should be a bit of premium however not anywhere near a multibag. However it would not be taken over at this price as the instiutions which hold bought in at a higher price. The question which should be asked is, do I have the opportunity to get in cheaper than they did and how long will it be before the bid is finalised and at what price....

interesting........Utilico currently owns 5,197,792 Ordinary Shares representing 20.51 per cent of the existing issued share capital in the Company and 1,843,746 existing warrants to subscribe for Ordinary Shares at 125p per share,

WOW.....................................As part of the arrangement with Utilico, the Company has agreed to issue to Utilico 3.4 million warrants ("Warrants") to subscribe for ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at an exercise price of 70 pence per share, exercisable up to 30 June 2012.

Not sure if it will be a multibagger but there should be a premium in the bid/takeover offer. Will look deeper.

Thanks for the tip. I do like a company which is in a bit of bother or distress, certainly the graph indicates it as such. When a lot of people have gotten out there is always an opportunity to by when it hits the bottom. Not always an easy thing, we are told one of the best in the industry has never bought at the bottom. Could be good for a bounce. Will investigate a bit further...on first thoughts it is something I am interested in for putting away. Thanks BS ...hp

Glad you did not buy in otherwise you would have been out of pocket...Gald to know someone listens. With only 14 floating it probably moves more than it should due to the fact of so little shares being free more than anything to do with the prospects of the company...The company it self is doing quite poorly. It is only the parents promise of cash keeping it up. If it does not materialise I do not know what is here...Even at 2-3 pence I would no put anything into it..Of course there may be prospects in it if it gets funding and does a deal., however even then there are better opportunites out there..This share is to risky. I have been justified up until now, will not always be like that and it may move in an opposite direction than I believe it should. Its fallen by half since I said sell. (as did pmg) Good Luck in Your choice.. I have had my say....(bounced up a bit) take care...hp

TAKE OVER Now looks certain.....10 pence Minimun..

the company has no revenue. As at 31 March 2010 the Group had $1,825,000 of cash with future expected costs, including operating costs, to 31 March 2011 of $2,870,000. Basically they are short of cash..They may get loans to farm into something. Cash has basically run out...They need an injection before soon...The price above is high....Shortage of shares makes buying difficult....So withoug support it cannot continue but it has owners who could put money in... It is 100% reliant on Cetus and will need to seek funds...Is it getting them and that is the reason for the rise? too high by any of my measures....

Good luck in your decision...Your either very brave or stupd to consider doing it..86% of the company is owned by cetus investments..They are supposed to be putting in 10 million Pounds in the business. It hasn`t manifested yet..This company was just a shell with little assets to speak of 24 barrels a day...I think for a cash shell this is far to expensive...If it got the deal and they farmed into something it might have value but without it is highly priced....They can use this company in the future for issuing more share to progress further and tap the markets...probably something is happening but cannot say for sure..With Cetus owning 200 million shares and them paying 2 million sterling how much for the rest? It really needs the cash injection without it not sure...of course with it might be worth more, cannot say exactly how much......

Justified.......

http://www.investegate.co.uk/Article.aspx?id=201101040700098228Y

Take over by Redefine on the cards...It is no longer a £230m company in the article posted by RNK1 but a £191.41m but still odds on to take a controlling interest. in wich..Its an opporutnity not to be missed and certainly to be accepted by the management.. 10 pence a share at least.....imho