Forum Archive Index - April 2003

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [	Next by Date	Previous by Date ]
Messages by Thread [	Next by Thread	Previous by Thread ]
Post to the Forum [	New message	Reply to this message ]

Printable version

[sharechat] DBN - Hemscott

From:	"DR" <hamish@webmail.visp.co.nz>
Date:	Fri, 25 Apr 2003 07:29:00 +1200

Cheeky bid for Hemscott already consumated by Hemscott directors taking the offer to give DBN over 50%.

Possibly up to 21p cash per share in the company but a loss which is gradually falling.

Hemscott produces valuable info covering the UK sharemarket. Mainly for retail investors but with subscription can be quite deep. See www.hemscott.net

Hemscott valued at a discount

Jonas Crosland

When a company is worth less than the sum of its parts.

It is not every day of the week that shareholders have to consider accepting an offer for the company that they hold shares in which will result in them taking a loss. This appears to be the case with Hemscott, the on-line financial information provider.

John East & Partners, acting on behalf of Dairy Brands New Zealand confirmed today that its

terms of the offer comprise either 15p cash or 3 new Dairy Brands shares for every 5 Hemscott held.

Based on the share price at the time, this represents a discount of 14.3%, whereas the share alternative represents a discount of 26.8%.

The share price fell 8.6% on the news to 16p, and given the fact that it has fallen 92.4% from its peak, investors will be forgiven for grabbing whatever is on offer.

draw?epic=HEM&period=6M&size=Pocket&grid=main

Messages by Date [	Next by Date:	Re: Re: [sharechat] Sars etc mvanv
	Previous by Date:	Re: [sharechat] Sars etc Allan Potts ]
Messages by Thread [	Next by Thread:	Re: [sharechat] Sars etc G Stolwyk
	Previous by Thread:	[sharechat] lazy haggis view points by MACDUNK Duncan MacGregor ]
Post to the Forum [	New message	Reply to this message ]