charlotte-sparkles Posted February 1, 2011 Share Posted February 1, 2011 Guess so, but what a loss. Could have bought a GTR with that lot..... you could have bought several Quote Link to comment Share on other sites More sharing options...
Vik54 Posted February 1, 2011 Share Posted February 1, 2011 Various websites (which also suffer from the problem of being able to count units) have misquoted the 52 week high of Transware (not hard to find out which company it was). It was £30 per share, but only because that was a takeover price for the whole company. Shareholders had the option to accept the £30 per share offer in 2004, if you didn't, and EastChase made it past the 90% mark, then they could lapse the offer. I.e they were only ever worth £30 x £375 (£11,250) and unfortunately you missed the boat. Read this: SUMMARY The directors of EastChase and Mr. Oliver Cooke, the Independent Director of Transware, are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Dolmen Securities on behalf of EastChase and (in the United States) by EastChase itself to acquire all of the issued and to be issued share capital of Transware. EastChase is a private limited company recently incorporated in Ireland and established specifically for the purpose of making the Offer. Further information on EastChase is set out below. • The Offer will be £30.00 payable in cash for each Transware Share valuing the entire issued share capital of Transware at approximately £8 million. • The Offer Price payable represents a premium of approximately 530 per cent. to the share price of £4.75 being the price on the last business day (being 20 July 2004) on which Transware Shares traded (as transacted by JP Jenkins Limited) prior to this announcement. No other dealings have been recorded (as transacted by JP Jenkins Limited) since this date. • EastChase has received Shareholder support in the form of irrevocable undertakings to accept or procure acceptance of the Offer in respect of, in aggregate, 231,572 Transware Shares, representing approximately 87.4 per cent. of the issued share capital of Transware. All Shareholders are encouraged to accept the Offer of £30 per share. One of theconditions of the Offer (described below in Appendix I) means that if acceptances of at least 90 per cent. in nominal value of Transware Shares to which the Offer will relate are not received pursuant to the Offer, EastChase may allow the Offer to lapse. Should the Offer lapse, Shareholders would not be entitled to receive the Offer Price and all share certificates would be returned. In such circumstances, it may be difficult for Shareholders to dispose of their shares since only a very limited trading facility is available in Transware Shares through JP Jenkins Limited. Phew - that's not nearly so gut wrenching then ! Quote Link to comment Share on other sites More sharing options...
Husky Posted February 1, 2011 Share Posted February 1, 2011 I'm telling you a graph would have helped Quote Link to comment Share on other sites More sharing options...
Chesterfield Posted February 1, 2011 Share Posted February 1, 2011 I'm telling you a graph would have helped OK, heres a graph showing the value of the holding over time. Happy? Quote Link to comment Share on other sites More sharing options...
Husky Posted February 1, 2011 Share Posted February 1, 2011 love it, especially the concise nature of "sometime in 2004" Quote Link to comment Share on other sites More sharing options...
BulletMagnet Posted February 1, 2011 Share Posted February 1, 2011 Guess so, but what a loss. Could have bought a GTR with that lot..... you could have bought several Could have had a nice holiday and several remote controlled GTR's or just another Zed... Quote Link to comment Share on other sites More sharing options...
ATTAK Z Posted February 1, 2011 Share Posted February 1, 2011 As Chesterfield's graph shows, all this was predicted by the Egyptians in 3000 BC Quote Link to comment Share on other sites More sharing options...
BulletMagnet Posted February 1, 2011 Share Posted February 1, 2011 As Chesterfield's graph shows, all this was predicted by the Egyptians in 3000 BC Are you sure? Not 3,000,000 BC......30 BC...... Quote Link to comment Share on other sites More sharing options...
ATTAK Z Posted February 1, 2011 Share Posted February 1, 2011 As Chesterfield's graph shows, all this was predicted by the Egyptians in 3000 BC Are you sure? Not 3,000,000 BC ?......30 BC ? ...... pretty sure on this one Quote Link to comment Share on other sites More sharing options...
Zugara Posted February 2, 2011 Author Share Posted February 2, 2011 Ok, so I made a slight calculation. Either way I lost money more fool me, but that'd life. Move on nothing left here. Quote Link to comment Share on other sites More sharing options...
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