Member Info for norfolkslim

at 0.088p. There would be no point in applying for ISDX if they weren't confident of having a new NOMAD... I expect a strong bounce once new NOMAD is announced in the next week. Just IMHO, DYOR etc.

Good to see that the BOD are not recommending Belphar's sh*te offer. It's also clear that any takeover is going to be hostile, as Belphar certainly aren't doing anything to ingratiate themselves in the eyes of the smaller investor... presumably because they're expecting that they won't need to! Whilst it looks like a very long shot, I'm personally hoping that Belphar's bid is scuppered.

I was a holder of this share back in 2010/2011, and have had a soft spot for it and kept it on my watch list ever since. I just wanted to add my voice to the disappointment expressed by other PIs thus far. 22p via the back door just as the company appeared to be on course for onwards and upwards is a real kick in the teeth for the loyal and incredibly patient PIs who have held through thick and thin. Unfortunately it looks as if there's unlikely to be much that can be done to stop this takeover at this derisory level, but wish all those invested every future success.

Mail Online reported rumours of potential 190p bid... now that would be nice! Can see this bouncing back strongly to 100p+ in the short term. "Another dire profits warning from Anite had investors stampeding for the exit. Shares of the Slough-based mobile handset and network testing group collapsed 35.75p or 32 per cent to a low of 76.75p after it warned sales and profits were being held back due to slower activity and that the unit would only break even in the first half of the year. Management said that a number of tier-one handset and chip-set manufacturers have been involved in consolidation and reorganisation, and the uncertainty has resulted in contracts taking much longer to conclude. Sell-off: Anite's warning had investors stampeding for the exit and follows a similar dire statement in March It therefore now expects handset testing revenue in the first-half to be around 25 per cent down on the £40.5million reported in the comparable period last year. Yesterday’s warning followed a similar dire statement in March which resulted in the biggest share price fall in ten years. Rumours were then rife that Teradyne, a developer and supplier of automatic test equipment, based in North Reading, Massachusetts, was stalking Anite with a view to lining up a £568million or 190p a share cash offer for the company. Nothing has materialised, but dealers say that with the stock trading well below £1 and the group capitalised at a miserly £234million, Teradyne or any other interested party could now make a move.

Yes and No. The underlying trading figures aren't too bad, considering. Regarding the Disney money - it's very dissapointing that they're only returning the equivalent of £1.10 per share, when the company that they've hired to write briefing notes for them has consistently suggested £1.40-£1.50 a share (and that was based on $60m, not $8,000,000 more!). The structuring of the payout (B and C shares) may well be the most sensible and best way to effect the distribution - I don't have any problem with that per se. What I DO take issue with is the delay in getting on with it and actually distributing the £££ to the long-holding and long-suffering shareholders. "We will tell you more in Autumn" is far too vague and far too long. The company has been expecting this payout for YEARS, and have been certain of receiving the windfall since January. It shouldn't take months more to get their ducks in a row to send out the necessary circular/paperwork to ratify and execute "The Scheme" - this should have all been prepared over the past fews months - we are, after all, in a supposedly quiet "odd" year! This remains a solid and good long term investment, but I've sold out this morning as unfortunately I can see this falling further in the next few months, prior to pick up once "The Scheme" is announced in "the Autumn". My money can work better for me elsewhere in the meantime.... GLA

Exactly! I've put a sell order in at £3.40.... wishful thinking perhaps, but we'll see!

Hard to be sure -of course a lot depends on how much the Board plan on distributing, and the mechanics by which they do so. But my guess is a special dividend of about £1.20-£1.50 per share. In terms of SP fall back .... perhaps around £1.50? I'm working on the net overall effect being at least another 70p to £1 more in terms of real value from current SP. All IMHO DYOR etc

RNS out - the windfall money is in - oh and by the way we've got another $6,000,000 more than we were expecting! Bit of a downer that underlying trading hasn't been as strong as hoped this year so far, but given that the extra $6m is roughly equivalent to the total OPERATING profit of the company for last year (a record year, and an "even" year) then the overall news is nothing other than brilliant! I expect that the company will now announce the details of the windfall divided in its next RNS due on 13 June - and expect the dividend to be paid very soon thereafter.

Some chunky buys coming through this morning - over £100k worth bought! Can't be long now methinks.....

This appears to be being walked up on low volume. Just a hunch but I think in anticipation of a dividend update RNS...there must be one soon!

The bid has ticked up to 212p this morning, and the spread has closed right up. I wonder if this is MMs trying to eke out some sells to get some shares prior to an imminent RNS and the inevitable demand that's likely to follow? Might just be wishful thinking, but we must be getting an update at the very least in the very near future! IMHO/GLA/DYOR/etcetcetc!

...So Disney paid the money to Celador some time between 1 April and 7 May 2013. I'm guessing that payment to Avesco must be imminent - you can't just hang on to someone else's US$60m without good reason! I'm expecting an RNS from AVS imminently.

From funchalman on iii: " walt Disney have now paid celador the $321 million , following is from disneys results released tonight. ITEM 1. Legal Proceedings Celador International Ltd. v. American Broadcasting Companies, Inc. On May 19, 2004, an affiliate of the creator and licensor of the television program, “Who Wants to be a Millionaire,” filed an action against the Company and certain of its subsidiaries, including American Broadcasting Companies, Inc. and Buena Vista Television, LLC, alleging it was damaged by defendants improperly engaging in certain intra-company transactions and charging merchandise distribution expenses, resulting in an underpayment to the plaintiff. On July 7, 2010, the jury returned a verdict for breach of contract against certain subsidiaries of the Company, awarding plaintiff damages of $321 million, including agreed upon pre-judgment interest. On December 3, 2012, the Court of Appeals affirmed the judgment against the Company. On December 31, 2012, the Company filed a petition for rehearing en banc, which was denied on February 26, 2013. The Company paid $321 million in satisfaction of the judgment in the third quarter of fiscal 2013. just a case of waiting for avesco to receive their $60 million "

http://www.edisoninvestmentresearch.co.uk/research/company/avesco-group

Uniform Dating: for people who like people in uniforms...except you don't have to be in uniforms to go on it, soy you'll end up browsing loads of other people not in uniforms, and if you do wear uniforms why would you want to go on a website for people only interested in you for what you wear, so..... err... what's the point?! ;-) Not that I'm saying the business doesn't have a profitable future - it might well do (I'm not invested and haven't researched). Anyway, back to AVESCO please!

Keeps going in to auction - not sure whether that's indicative of shares being in relatively short supply too?

Yes I'd expect shares to be in short supply - especially if we get any positive write ups in the press over the weekend / coming week. I'm no expert on the share buyback suggestion. I know that in the past the Company has proposed that the windfall monies would be paid to shareholders by way of a special divided, but I expect there are various options. The way I see it, I'm now holding a large pot at an average of £2.07. In the short-term the share price might well rise to approx £3 pre-windfall, with that effectively becoming partially priced into the existing share price. Upon payment of the windfall the share price may well drop back to reflect the windfall payment, but overall I think there's still plenty of room for overall good profits for any investors buying at up to at least £2.75.

Thanks - yes I envisage a rise to £3, followed by approx £1.40/share special dividend.

A stonking buy: 1. At long last the company expects its share of the Disney damages ($60m) within a few months. As a lawyer I wouldn't actually expect it to take that long once the payment has been received by Celdaor from Disney. 2. In this regard, note that Disney made provision for the $320m total payout in their last Financial Accounts, so the money has already been allocated to be paid out. 3. Turning back to Avesco - the fact that the payment will be in US$ is a massive bonus, as it just so happens that the £ is at a TWO YEAR low against the US$ - this means that US$60 is closer to £40m than £37m...all more money to go into the special share dividend pot for AVS holders! 4. There now appears minimal likelihood of Disney having any prospects of appealing to the Supreme Court (which would be its only other possible and last legal option besides paying out now), given: 4.1 The Ninth Circuit was UNANIMOUS in refusing Disney's request for a rehearing en banc; and 4.2. The Supreme Court only deals with matters of wider/policy/public interest - the fact that the Ninth Circuit weren't interested doesn't support this, and further the judgement was handed down as a "unpublished" opinion - this means that it is not intended to set down any wider legal principles that might be relied on in future claims of this nature. This means that as the judgment is not intended to have a wider binding effect on the law in this area then there's minimal chance that the Supreme Court would be interested in hearing any arguments about it. 5. Oh, and talking of dividends, AVS holders will also be receiving a 3p per share normal dividend for all shareholders holding share as of 15 March 2013, so there's a little freebie before the big pay out. 6. Oh, and this is not mentioning the fact that the Company is a fantastic investment regardless of the Disney windfall payout! For the above reasons, I've just doubled my holding.

...from deadline.com: Unless they want to take it to the Supreme Court, it looks like Disney has run out of legal lifelines and will have to pay up in the $319 million Who Wants To Be A Millionaire case. The U.S. Court of Appeals for the Ninth Circuit on Tuesday unanimously rejected a petition by the company for a new trial against Millionaire creator Celador International, which in 2010 was awarded damages by a jury who agreed with the UK company that Disney breached the contract between Celador and it own TV divisions. “The panel votes to deny the petition for rehearing en banc…The full court has been advised of the petition for rehearing en banc and no judge has requested a vote on whether to rehear the matter en banc,” said the brief order (read it here) issued this week. The unanimous vote and the fact no other judge on the court was interested in a vote on the case does not bode well for Disney overturning the multimillion-dollar July 2010 verdict against it further up the legal food chain.