anyone have an idea why this has been flying over the last week? had Hutchings finally bought something?

interesting levels now...

proptrade, after the capital re-organisation last week, rumours in the sunday mail, dated 20th june 2004, suggest that a first deal is imminent( in next 2 weeks). I hope so , as i have held this share for a while, as a deal will surely send this share up. DYOR.

i always DYOR and have held this since about 16p waiting for the deal. I really rated Hutchings and think that he could easily replicate the Tomkins success using Lupus as his vehicle.

i look forward to the deal news and thx for the heads-up about the sunday mail news, i had missed that.

mkt seems to sense the deal considering the price and volume rise so lets wait and see..

rgds
proptrade

keep this or your watch screen...should be VERY interesting nxt week...

OK so what's happened..............nothing. Surely not a hoax rumour? Are we any nearer to an announcement?
Aid

no idea, but i am hanging on. first deal will be soon and these with be north of 25p

I to am hanging on, i hold every faith in the company to deliver , unfortunately we have been waiting ages for an RNS on the companies first acquistion, but i believe once this happens then 20p will be long gone and 30p should be the first target.dyor (all based on my opinion, so no interigation by a tech boffing on reasoning). Good Luck all.

...still hanging on Cosworth1? Me too. Hoping something will happen soon as still believe in the management and the potential on offer here.

I am holding on as well. i think they will announce something soon, Hutchings has just taken his time to make the first aquisition one the city will really like. i have a sneaking suspicion it may be quite chunky as well.

proptrade - is that suspicion based on anything concrete - if so, do tell!

So where is this acquisition then?!

nothing concrete but it is just the history of the man. when he took on his old mentor Hanson to pip him for RHM that was as bold a move as one could make. he hasn't joined LUP to build a tin pot empire. my view, after following his prior purchases, is that the first acquistion will be big and bold and within 12 months he will duplicate that purchase by leveraging off the success and size of the first.

a spiel i know but i have a sneaking suspicion that i will be proved correct. we shall see.

proptrade, I certainly hope so but this inactivity is certainly testing the patience of the SP and this particular investor! Having said that, I wouldn't want the first acquisition to be a rush-job (highly unlikely I know) but the SP won't stay at 17-18p forever. There will be a downward trend unless something happens soon IMO.

we shall see...i fancy a deal before xmas

I don't want to be right on this one but nervous that 17p has been broken in a southerly direction.

i know this is taking a while but Hutchings i believe will find not just a deal but an earthshattering one...i remember early Tomkins. he will not disappoint amd has a chunk of his own capital in there....

Do you have any knowledge as to what the deal may be because "earthshattering" is pretty emotive language!

i know nothing (said in the style of fawlty towers) but i have always traded on a gut feel and tended to only follow successful managers and boards. what we have here is a protege of Hanson who build a FTSE 100 company and is involved in a company because he fancies another roll of the dice.

these guys are never in it for a few hundered thousand and a desk. he is either going to make waves or sit on his own beach somewhere listening to them (nice quote, i may patent that!). his involvemt with LUP would indicate the former and i think he will position himself with a serious acquision. I may be wrong but there was also great article the other day taking about the reemergence of shell companies and the rebirth of the conglomerate.

lets see....

Let's hope so - another small tick down today. I think they need to at least be feeding the market titbits of teaser information just to keep interest up.

Very interesting!

Mail on Sunday - Greg Hutchings of Lupus emerges as a possible 'white knight' bidder for Novar.

no way!!!!!!!! that would be so his style.... that is exactly what i have been banging on about on this thread.

Indeed but I'm not sure that a bidding war is what we need - any thoughts?

I think there are a few white knights out there. General Electric and Siemans for two, if you believe the papers. Novar have let it be known (through spokesmen) that they have effectively thrown in the towel and put the company up for sale or break-up, instructing their advisers to solicit bids for the company or its components.

One would have thought that Novar would attract a higher price from larger entities who would have more scope to cut costs from combining with existing businesses, than someone like Lupus or Melrose. At the end of the day, it will depend on how big Mr Hutchins' ego is. I don't think he will overpay, because that is not his style and he has too much of his own cash in LUP to run that risk. Reading between the lines in the latest interim statement, he has already walked away from a few deals, so we can continue to sleep well at night!

you say that but i think this is the kind of coupl that is so Hutchings style...look what he did when he swiped RHM from his old mentor Hanson.

maybe it won't be this deal but i am convinced it will be momentus!

There is no doubt in my mind that Novar is worth quite a bit more than the current price and melrose started too low to win.

that palys directly into the hand of a Hutchings style bid ala RHM....watch this space

If Hutchings does bid, what do you think will happen to the LUP SP? Often the price of the bidder falls, especially if we're talking big money.

but in this case it is the future value+growth. we will be a situation of certainty and the chances are that if successful there would be a leap in the sp.

Let's hope so!

What the hell happened to this today?

Not sure, lots of chatter. I think its people just getting fed up with waiting.

no idea what happeneed yesterday. no real volume so maybe someone was badly shopping an order around the mm's and someone sensed a seller out there and wanted to back away. either way, overdone and recovering today.

Scripophilist, i agree that boredom may be setting in but i am hoping that they will pull something majical out the hat. Hutchings has done it before and the fact that they are not jumping into someting quickly may bode well because they are looking for the right sizeable deal.

Hopefully you're right proptrade. On the other hand, there are similar companies to LUP that sit tight on investors money for years which would eventually see sentiment and the SP dribble away to nothing. This doesn't sound like Hutchings admittedly but a gentle positive steer for xmas would be nice.

queen1, couldn't agree more...xmas bonus would be lovely! hutchings has invested his own cash, i would be surprised if he lets it slip down his inside trouser leg so to speak!

Hopefully you're right proptrade. On the other hand, there are similar companies to LUP that sit tight on investors money for years which would eventually see sentiment and the SP dribble away to nothing. This doesn't sound like Hutchings admittedly but a gentle positive steer for xmas would be nice.

you can say that again!

Well that's clever, not sure how I managed to repeat myself so eloquently!

well, deal bu xmas looks unlikely....maybe they will buy in the US now that everything is that bit more affordable....keep watching!

I'm still watching proptrade and the price has ducked under 16p which makes me nervous.

Then I guess it's time to buy

so relaxed around here. the is one fact - there will be an acquisition and the longer we wait the more likely it becomes. Hutchings was talking things up the other day and i just think it rests on them just finding the right aquisition.

Okay, this is becoming a little tedious now. Anyone, anywhere have any ideas whatsoever as to when and what is going to happen...?

no idea yet.....i agree this very boring!

Although no-one wants Lupus to rush and make a poor purchase do you not think that this inactivity and lack of news is starting to affect sentiment towards the shares?

100%! i men they may never find the right purchase! stick with it though, something will turn up

eventually

...but you were so optimistic proptrade at the turn of the year. What's changed your mind?

it is just that you would expect a deal to turn up after 12 months! i am positve and the longer it goes on the more likely a deal will be announced...

Are they going to do anything to support this SP or is someone filling their boots before an announcement?

I was thinking of buying some of these BUT the way this has been falling there must be some really bad news coming.

I think I'll wait until we know what it is.

Anyone got any clues about what is going on?

nope, it is a waiting game to see if we have another tomkins on our hands. if you wait for big news you may miss it so my adivise is have a small interest and add when there is something more concrete. imho of course

Hmmmmmm, is it bad news coming or sellers just fed up with waiting?

probably the latter and hopefully not the former!

It looks like the buyers are coming back now.

So I bought some at 13.5p & then it went up :-)

People are paying 14p now

nice timing!

Larger trades this morning, pushing it up again.

Seems to be back in favour.

could be that deal?

or just speculation about it.

indeed

proptrade

How about putting some charts at the top of this thread?

no funky tech charts...this one says it all.

as an update to my current thinking i posted this incorrectly elsewhere and thought i would post it where it should be!

well i hold this stock for one reason only and that is because Hutchings is in charge and his Tomkins cronies are with him. Hutchings was probably my first "new" business hero when he took on his mentor (Hanson) and took over RHM. at the time i thought, the audasity!, but then thought...business is business and this guy will do anything to succeed. so when he was chucked out of tomkins i thoight his next roll of the dice must be spectacular...still waiting.

the thing is the environment has changed over the last few years. Lupus is now competing against hedge funds, private equity and various other punters who are scouring the market in the same way Lupus is trying to do. the difference is that they are probably more likely to pick up a smaller company than a big fish because the former may fall slightly below the radar of the now huge players.

i have faith in hutchings but have only about half my normal investment in this stock simply because there is a risk that the deal may never come or he is foreced to wildly overpay. on the positive side, these boys have their own cash in and in my opinion if they had really done their sums they would be waiting with private equity cash as opposed to running a plc to pounce on their first aquistion, but instead there is pressure to do a deal and as the months roll on the price may drift wondering whether their strategy in this aggressive environment will see a deal at all.

the plus side is of course that these guys have experience, cash, contacts and a proven track record in turning minnows in ftse 100 companies. i have faith that a deal will be done and wouldn't be surprised to see a market cap within a few years of a ftse 250 company.

dealmakers only stop making deals when they die. Hutchings and Co are alive and kicking....maybe just browsing but just haven't found anything to get the heart rate racing.

as usual DYOR but my thoughts are have a small interest and average up on a great deal. if they fall then less is lost....

hope this helps...good luck
rgds
Proptrade

Thanks Proptrade,

How about a 5 day chart & a 1 month chart as well?

UP 12.73% so far today.

proptrade,

thanks but I meant put them at the top of the thread.

Add the volume display to each one as well.

I could do it myself if I started another thread but I didn't want to start a new one.

apple...a gift for you!

thx for not starting another thread. happy to update as and when...they are a quid!

Thanks

I'm out, I took my small profit.

ok, it has taken a while for news but this is the typical stick it in the bottom draw scenareo. i have a smallish investment and happy to wait....keep an eye on them and if there is momentum....

I'm in and looking back why did I? Looking at the chart I wouldn't normally but now in so long term hold as they say!

I'm also still in but becoming increasingly frustrated with the lack of newsflow.

agreed but i have confidence....

....I know. Where do you get it from, and how much does it cost?!

lol...back the management (a variation on back the bid for London 2012)

Dropped again,

I'm glad I took my profit & left.

If it drops another 1p, I may buy again.

well at least it is still on the watch page! i feel a deal in my bones...

Now 13.5p, down a bit more & I'll have some.

If I can get some for 13p, I'll be interested.

Having been a big holder I bought at 4.5p and 5p.
Took my profits on the way up.
Now support is crumbling next stop 8p.

so you think hutchings will fail???

he is the only reason i hold and he is the reason why there is a "tycoon premium" in the price. without him, i agree, LUPUS is sub 8p.

Hutchings been out of the thick of things for a long time.
In my opinion time can be the great changer. He made a lot of money.
If is difficult to come back when much older, the desire isn't there.

he has a huge point to prove and if he hadn't bought into lupus i would agree but the hunger for these old boys is there and in my mind he will make a purchase which will make front pages everywhere. couple of years down the line he takes a chairmans role and sits back.
i totally agree that the environment has changes and if u look at my views before i have stated that the days of stealing an industial firm firesale style is long gone with all the PE money sloshing around.
i am sitting on a small holding so lets just see....

More than a year since Mr Hutchings took the helm.
When will they reach Treasure Island ??
I am sure that ANY announcement will move the price sharply
C'mon, let us know what's happening, at least an update on the prospects.

i agree, it is getting dull....

Has anyone been in touch with Lupus to gain a progress update?

Any Idea when the final results are out ??

Last year was 30th March

I have sent an email to the company and will post when they reply.
rgds
PT

Well Lupus bounced off it's recent lows in a quite spectacular fashion.

Does this mean an announcement is imminent??

Well it's about time Mr Hutchings.

Peter

our patience is certainly wearing thin!

Down again.

If it wasn't for the fact that the accounts appear to be late then I would consider this a buying opportunity.

Just what is going on with LUP?

no idea. sticking with it, for now.

when were the accounts due?

28/4/05 according to some sources.

I thought it was the beginning of April.

i have just spoken to the company and they have confirmed the 28 April.

rgds
PT

Hopefully the accounts are late so as to include the new that we have all been waiting for ??
I live in hope.

Peter

"new" = "News" sorry all

pj, there is a way to edit by clicking on there blue word "edit" next to your post. (and NO i am not taking the mickey i am being a considerate poster!)

Not Much Detail, but this just released.
Anyone got more detail ??

Peter

=====================================================


Lupus Capital plc


Lupus Capital plc announces its unaudited preliminary results for the
year ended 31 December 2004

Highlights


* 2,974,000 * pre tax profits
* 0.94p* earnings per share
* 0.39p dividend per share
* strong cash generation
*Adjusted for goodwill, employee benefit scheme charges and
exceptional items.


Greg Hutchings, Executive Chairman, said:
The foundations of the Group are strong. We have a clear strategy, a
sound balance sheet, good operating activities generating cash and an
enthusiastic entrepreneurial management team ambitious to drive Lupus
Capital plc forward. I am confident that we have the right platform
to deliver value for shareholders.


For further information please contact:
85 Buckingham Gate, London SW1E 6PD
Telephone: 020 7976 8000 Fax: 020 7976
8014
E-mail:
Enquiries@lupuscapital.co.uk

More Meat from UKWire

Chairman's Statement

Dear Shareholder,

The financial year ending 31 December 2004 was an eventful one for
your company. In January, I personally invested several million
pounds in the shares of Lupus. This was quickly followed by the
appointment of Denis Mulhall as a director who, also, made a
significant investment into share ownership. Operational management
was reorganised, incentive schemes installed and a mergers and
acquisitions function added. The balance sheet and share premium
account were restructured by means of a capital reorganisation in
order to allow the continuation of the payment of dividends. All
these were achieved through a series of Extraordinary General
Meetings supported by full documentation for the approval of
shareholders.

Our trading results have been good, however acquisition progress has
been frustrating. We have been involved in numerous potential
purchases, but none so far have been consummated. While it has been
tempting to succumb to short term opportunities for the sake of being
seen to be active, we have managed to resist buying anything that
would not be in the long term interests of shareholders. Patience
and value have to be our watchwords if we are determined to build up
Lupus into a major industrial concern. We continue to be diligent
and resolute on making value producing acquisitions.

I would like to thank our non-executive directors, Mr Fred Hoad (our
lead non-executive director), Mr Roland Tate and Mr Konrad Legg (who
retired from the Board on 17 January 2005) for all their wise advice
and patience in dealing with the many complicated issues.

Results for the year
Our financial results for the year to 31 December 2004 were good.

Adjusted pre-tax profits were 2,974,000 (2003: 2,848,000) before
goodwill, the lesot charge and exceptional items. After tax, this
translates into earnings per share of 0.94p (2003: 1.20p) out of
which we are paying a total full year dividend of 0.39p net (2003:
0.37p). Gall Thomson Environmental, our main subsidiary, performed
well increasing profits by 4.0%.

The reported Group pre-tax result for the year was a 5,790,000 loss
(2003: profit 1,908,000), after taking 740,000 of goodwill,
exceptional charges of 1,309,000 and a 6,715,000 non-cash lesot
charge. After tax, this translates into a loss per share of 2.82p
(2003: profit 0.65p).

Dividend
The cash generation of your company is excellent and the Board is
recommending a full year dividend increase of just over 5%. This
means a final dividend of 0.264p per share (2003: 0.25p per share)
making the total for the year ending 31 December 2004 of 0.39p (2003:
0.37p per share).

Employees
I would like to thank, on behalf of all shareholders, all our
employees for the hard work and dedication shown over what has been a
transforming few years.

Background
In early 2004 I personally invested several millions of pounds in the
shares of the Company as I felt it was an excellent base from which
to build a major industrial enterprise. Denis Mulhall, with whom I
worked at Tomkins plc, has also invested personally. We chose Lupus
for a number of reasons:
* The existing non-executives and their advisors had
reorganised and rationalised the Group, leaving it free of any
debts;
* As can be seen from the financial results, Lupus produces
good figures and continues to demonstrate underlying reliability of
earnings;
* Gall Thomson Environmental has growth potential;
* The reliable cash generation provides a sound base for
paying dividends; and
* Unlike many listed companies, there is no pension deficit
as only defined contributions schemes are in use.

Strategy
Our strategy is to build shareholder value through the acquisition of
undervalued or under-managed businesses, using a spectrum of funding
instruments, where with the application of our management skills and
systems we can achieve greater profitability. Once they have been
improved and potential long-term growth configurations installed, we
would expect to realise a gain through a variety of exit mechanisms.

Our strategy is very similar to that which we developed at Tomkins
plc, with one key exception. Institutional investors in the public
markets are not sympathetic to public conglomerate organisations;
they have, however, even though with very diverse interests, favoured
private equity structures. We intend to follow private equity
principles with investment exits by demergers or sale and cash
returns to shareholders when appropriate.

The speed and management experience we possess together with the
flexibility of being able to offer an on-going interest should give
us a competitive edge over private equity competitors. In addition,
we have proven management skills and systems, as well as the
application of financial modelling.

Our approach to sectors will be very disciplined and with a clear
focus. Target companies will be involved in industrial manufacturing,
processing or services or distribution for industries, businesses or
consumers. Retailing, financial services, property and media are
outside our range. Our key requirements are asset based, positive
cash flow, under-valued or under-managed, but not loss making,
companies. In addition we will target fragmented industries, seek
consolidations, as well as develop organic growth opportunities.

We will choose to operate in stable markets where the technology is
low-risk rather than markets exposed to quick innovation and sudden
obsolescence. We prefer to sell high quantities of inexpensive items
or fulfil a high volume of contracts as opposed to a small number of
very significant cost constituents.

We expect to inject our management skills, operating systems,
financial control mechanisms and strategy experience to improve
profitability and financial efficiency.

Our industrial focus and business experience of acquiring,
stabilising, controlling, investing in and developing businesses,
together with a strong existing operation gives Lupus Capital plc
exciting prospects.

Current status
Shareholders will know that Lupus Capital plc is listed on the London
Stock Exchange and classified for historical reasons under
"Speciality and Other Finance". We intend to remain with this until
such time as the composition of the Group changes, when a more
appropriate sector will be selected. As of the end of March 2005 our
market capitalisation was approximately 31.5m. Gall Thomson
Environmental Ltd., which is our main operating company, will be
retained within the Group.

Business of Gall Thomson Environmental
Gall Thomson Environmental Ltd. is the world's leading supplier of
marine breakaway couplings. Its subsidiary, KLAW Products Ltd., is a
supplier of industrial couplings including quick release couplings
and breakaway couplings.

A Gall Thomson marine breakaway coupling is used in the oil and gas
industry to enable a loading line to part safely and then to shut off
the product supply in the event of a vessel moving off station during
the loading or discharging of oil and gas products, whether at
offshore moorings or jetty terminals. The purpose of the breakaway
coupling is to prevent environmental pollution and damage to pumping
and transfer equipment. Gall Thomson Environmental also supplies the
quick release Welin Lambie camlock coupling which is used in the hose
and loading arm system for the transfer of oil and gas products.

The greater number of our couplings are designed and made to order
for the major oil producers. Stock and working capital levels are
thus easily visible. There is also an increasing demand for
refurbishment of our products which have been in use for many years
and exposed to the elements. The excellence of the couplings and
their technology together with the huge environmental and financial
consequences of risking less established products gives Gall Thomson
Environmental a significant advantage and strong market share.

The principal activity of KLAW Products Ltd is that of the
manufacture, assembly and distribution of industrial quick release
couplings to the oil and gas industries, such as refining,
exploration and construction. They are also used in the
transportation of product by road and rail.

Outlook
Gall Thomson Environmental is a reliable business and looks forward
to continued success. There are opportunities in most areas of the
world due to an increase in world floating production systems, as
well as the traditional Single Point Mooring business. The drive to
exploration in deeper waters (greater than 1,000 metres) which
require off loading techniques as opposed to pipeline infrastructure,
provides a sound basis for the Gall Thomson Environmental business in
the short and long term. KLAW has started the year well. During
recent years new products have been developed, which, together with
the existing range and having become CE markings approved, are
generating higher sales and increasing market penetration.

The foundations of the Group are strong. We have a clear strategy, a
sound balance sheet, good operating activities generating cash and an
enthusiastic entrepreneurial management team ambitious to drive Lupus
Capital plc forward. I am confident that we have the right platform
to deliver value for shareholders.


Greg Hutchings
Chairman
28 April 2005

So now we know what the recent sellers knew.

There is an explanation for the fall.

However, I shall be keeping this one on the watchlist for the deal that people have been waiting for.

Could this be it.....?

Lupus Capital notched up a gain of 3/4 to 11-3/4 on whispers that the group is close to unveiling its maiden acquisition.

Close watchers believe executive chairman Greg Hutchings has already met with bankers with the aim of securing debt finance for what is thought to be a major acquisition for the 25 mln stg company.

up 2p....report in the Telegraph:

Elsewhere, Lupus Capital ticked 0.25p higher to 11p on whispers that the group is close to unveiling its maiden acquisition. Gossips reckon Greg Hutchings, Lupus's executive chairman, has already held meetings with bankers with the aim of securing debt financing for what would be a giant acquisition for the 25m company. Mr Hutchings hopes to repeat the success he had at Tomkins which saw him turn a tiny company into a billion-pound enterprise.

But he has so far struggled to find acquisition targets for Lupus. Mr Hutchings took a 12.5 per cent stake in the group in January 2004 at 9p and secured options over a large number of shares which can be exercised at 17.25p and will more than double his holding in the company. However, these options expire in July so if they are going to make any money at all Mr Hutchings he needs to get his skates on and complete a deal that will get Lupus's share price moving before then.

Lupus Capital PLC
13 May 2005

mabe not...

Lupus Capital plc

Response to press speculation

The Board of Lupus Capital plc (the 'Company') has noted today's press
speculation and the recent rise in the Company's share price. It is our policy
not to comment on press speculation or market rumours. As mentioned in our
preliminary announcement we continue to be diligent and resolute on making value
producing acquisitions. However, we are not aware of any particular reason for
the increase in the Company's share price.

Yeah, a million thanks Greg.....

he is really messing around here. at least say he is close to something!

this weeks massive jump in the lupus share price vanished before i even had time to CONSIDER as to on what i might spend that profit.

i pride myself on a wide knowledge(?) of business matters.....but i just could not grasped the reason why millions of shareholders pounds were poured into the LESOT of lupus...and so we had that massive loss for the year

was it the matter of millions of pounds going in from GREG and then out again via the LESOT ...but in the course of that activity existing shareholders suffered a dilution of their equity.......and that equity holding of those current shareholders will be further shredded if the massive number of options are exercised . EXPERT ANSWERS PLEASE MANY THANKS

NO WRITS PLEASE.....THESE ARE SIMPLE QUESTIONS FROM AN EVEN SIMPLER LONG STANDING LUPUS SHAREHOLDER

I think the only way you can look at it is that it is like Real Madrid signing Beckham. Greg comes with a terrific reputation and with the number of followers that he has the share price could virtually double over night on the right deal. However Greg certainly does not come cheaply but if like me you paid 6p for your Lupus shares the odds are you are going to make a good profit. The question is when to get off the merry go round.

i made a substantial investment in LUPUS on 4th. nov. 1999 ( how time passes) at 8.97p.........this is clearly (as poacher45 states) a share to exit at some price leval. however it could grow and grow

I wonder how old GH is and whether he has returned to find this a changed business climate.
sd.

Anything in the weekend papers about all this? Can't see anything on the traders thread.

Nevertheless, it's moving up again. After an early rise, now another tick up on the bid.

And another. Strong end to the day.

Still moving up. Worth watching.

seems to happening...come on Greg!

Game over, for the time being.

updated the chart...

added some more yesterday and paid 13. don't feel so bad about it this morning!

A sudden flurry of activity. No announcements made. Something in the wind?

Hmmm, two half million share trades just gone through.

maybe a roll, but maybe not.....something in the wind i think or else i think people will start asking...Greg who????

Hmmm. Only a 0.5p rise in the sp which is pretty consistent for the last few months so I'm not getting excited yet.

Oh come on LUP. What the hell is going on? Give us some news please!!!!!

Seems like a very long time since we were singing "I'm in the money" !!!

Maybe when I retire.

I agree, such a long wait, c'mon buy something Greg

dull as the dullest share. bored beyond bored.

But proptrade, you were the biggest exponent of LUP since Peter Kay suggested that Chorley was cool. So what's going on?

still long but just have "back booked" this share. i have faith but it is difficult to get excited about this name when the price hasn't moved in 18 months.

do i believe something will happen sometime - answer yes.
do i believe is is imminent - no idea.
am i going to keep these on my watch page - of course.
do i have this ticker on my level 2 screen - no chance, nothing to watch!

Greg will do something but i have far bigger and more lucrative fishes to fry and they are better to trade than watch the Lupus paint dry!

rgds
PT

Cool, thanks for your open & honest thoughts. I'm still holding (obviously).

by the way did you like my ryhme?

Umm

sorry. will try harder.

There once was a man called Greg Hutchings...

Go on.....!

There once was a man called Greg Hutchings
whose tomkin midas worked on all he was touching
he bought a stake in Lupus Cap
That so far has been crap
And PT and queeny led to his ousting!

Very good (round of applause!) :-)

i thank you....

results at 15.50!

AFX


LONDON (AFX) - Lupus Capital PLC said it is satisfied with its results for the first half of 2005 with a swing into pretax profit of 1.2 mln stg from a loss of 69,000 stg a year earlier on turnover of 3.14 mln stg, up from 3.04 mln.

The consummation of acquisitions however has been more difficult and despite having been involved in a number of very interesting opportunities the group said it has not been able to complete a deal.

Whilst this is of concern it is by no means a mistake, the board continued, as it said it is determined to pay sensible prices.

'We are determined to develop Lupus along the lines we have outlined and we continue to be diligent and resolute on making value producing acquisitions.'

The directors have declared an increased interim dividend, up almost 5 pct, of 0.132 pence.

The company also said its balance sheet remains strong and contains 2.4 mln stg net cash at the end of June.

It said it is currently examining a number of attractive opportunities which have potential for the company.

newsdesk@afxnews.com

slm/

"Examining a number of attractive opportunities....." Well, that could have been me on Saturday night. Are there no specifics for those eager for action (not another reference to Saturday night before you ask...!)?

Queen1 - its you and me babe gazing longingly on a Saturday night at THIS STUPID COMPANY! - i feel better now!

Greg is now officially taking the piss - buy something already! my fear is that he is looking at a monster aquisition which is why he is taking his time. do what he did at Tomkins - buy a few bits and bolt on a few more and then you have a conglomerate. i think he is due a call from me...

Rgds
PT

Well do feel free to give him my best proptrade.

Oh, and well done for getting it off your chest.

Bring on Saturday night!

OK no acquisition as yet. But surely the current share price is not warranted.
EB have not yet updated their Lupus data to the results, so does anyone have any idea what the current & forward PE is for this share. After declaring a clear pre-tax profit it must be really quite low and the dividend yield quite high.
So we just sit back and wait, whilst raking in a nice dividend? My (our) patience is running thin. Maybe a predator for Gall Thompson would liven things up somewhat!.
regards

P

i think we need some action (AND I DON'T JUST MEAN sATURDAY NIGHT)

i really may call next week. he wouldn't be the first CEO i have gone to meet...

Aah, there's three of us following LUP. Well, it may make for more interesting Saturday nights!

the more the merrier!

Any news, anyone, anywhere?????!

nope!

Aaaaaaaaaaaaaaaaaaaah!

An interesting conundrum . Today ( tuesday ) mms are ofer offering, despite the 9.50 and 10.50 spread ,an identical "bid" and "offer" price. Namely 9.85. This is a giveaway. l knew this company well as knew the old CEO . Oliver Stockern who albeit a " chancer " was capable of pullng off some geat deals . No better illustatrated then his taking Otari out of suspension ; and within a year was paying a dividend ... Tell me ; How may shares costing 2p give a dividend of o.33p . He was ousted at an EGM and Hoad attempted to sell Lupus main asset "Gall and Thompson ". He was offered by several interested parties between 9.2 and 10.4p p/s . He wanted 15p or more and thus declined . The rest is history . Greg , of Tomkins infamy, bought a wedge of stock , and stepped into the CEOs shoes . ......Now considering all oilfield services outfits have enjoyed a massive hike in s/p this past 2 years it is rather odd that G&T{ which has among its range of products the very successful "KLAW" device and and a full order book for the next two years in the making of marine couplings has not enjoyed the success its peers have enjoyed ...Taken in light of a rig count working @ 97.2% capacity and the construction of new platforms in the pipeline this stock is massively undervalued . l sold a long while ago @ 22p ,,,,,,and l bought 100,000 today @ 9.85 . l thought thier wasa glitch in the system as "selling "mms were looking for to sell at 9.85 .....as were those buying ...Didnt last long tho .....hmmm

nice post and welcome to a rather onely thrad. The Queen and I and with you all the way!

Absolutely! Good observations TheFrenchConnection and welcome to what will hopefully one day be THE party!

continued support...anythig moving?

I very much doubt it proptrade but will be very happy to be proved wrong :-)

me too my lady!

11.36% up and no news ????
The rumour mill must be on overtime

Any thoughts ??
Peter

Could this be the move we've been waiting for, for far too long.....?

maybe...lets not talk about it this time and it might work!

okeley, dokeley.

the value of the buys is not substantial according to my MARKET EYE screen. Of course, it does not take much buying for the ask price to increase.
In addition the market makers can craftily increase a price to create a buzz so that people then buy because of the movement upwards
i am a long standing holder of LUPUS with quite a large holding. Still waiting for ELDERADO....................................... but meantime i have the dividend yield

Oh well, sp down again today so not talking about it hasn't helped. Next superstition?!!

Up another 6% today, 0.75p up on the day so far!!
I begin to believe that a New Year announcement is imminent

Thoughts ??

Peter

so many false starts in this stock my years of experience have taught me to now wait and see and not add or chase in the hope that there is an imminent announcement, again....

happy to see a move in the right direction and even happier if we there is a NY announcement but i am not holding my breath.

a happy festive season to you all and a happy and healthy NY.

Rgds
PT

Indeed proptrade. An announcement would be a great way to see in the New Year pjstanton, we'll just have to wait and see. Merry Christmas to all!

some movement at Lupus, has Greg bought something at last, or is it another false dawn?

i heard in the press there is an 80 million transaction for a door sealant or something. after 2 years is that the best they can come up with????!!!!!!!!

Reverse takeover in the offing, only a temporary suspension.
Let's hope they fly when the start trading again

Peter

Reply to my question, not a lot of information. Or can anyone read anything between the lines ??
===========================================================================

Dear Mr Stanton,



Thank you for your enquiry.



The Companys shares have been suspended following the Companys announcement of 1 February 2006 that it was contemplating an acquisition of a business involving a significant equity issue larger than the Companys market capitalisation.



The shares will remain suspended until a further announcement is made. That announcement will indicate the timing of the lifting of the suspension.






--------------------------------------------------------------------------------

From: "Peter Stanton"

[mailto:"Peter Stanton"

]
Sent: 22 February 2006 07:52
To:
Subject: Timeframe for Acquisition



Dear Lupus Capital,



I have long been an investor in Lupus Capital and would be very interested to know the time frame for the current situation regarding the suspension of the shares and the publication of a listing document as stated in your release of early February.



Are we talking a matter of days, weeks or months ?



Thanking you,



yours sincerely







Peter James Stanton (Amsterdam, 22nd February 2006)

Lupus Capital plc announces its unaudited preliminary results for the year ended 31 December 2005

Highlights:

Proposed major acquisition for 84 million
Sales increase of over 13%
3.176 million pre tax profits, up almost 7%
0.41p dividend per share in respect of the year, up over 5%
continued strong cash generation


CHAIRMAN'S STATEMENT

I am very pleased to announce the proposed acquisition of Schlegel, an international door and window seal manufacturer for 84 million for which we will be holding an EGM on 29 March 2006. Full details are enclosed in the prospectus
that is being published on 6 March.

It is also very satisfying to be able to report to you an outstanding year for your company in relation to our existing business. Sales were up 13.2% to 7.479 million (2004: 6.607 million) and adjusted pre-tax profits increased 6.8% to
3.176 million (2004: 2.974 million) before goodwill, the lesot charge and exceptional items. On an unadjusted basis for the above items the reported pre-tax result for 2004 was a loss of 5.050 million.

A growing dividend has also been one of our objectives and we have been able, yet again, to achieve this with a series of proposed dividends.

We are recommending a final dividend for 2005 of 0.278p (2004: 0.264p) which is an increase of over 5%. This final dividend will be paid to shareholders following the AGM, which we expect to hold in May 2006.

We also intend to pay a special interim dividend of 0.114p per Ordinary Share in respect of the quarter ending 31 March 2006 to shareholders on the register on 31 March 2006. This special interim dividend will be paid to shareholders on 21 April 2006.

In addition we expect to pay, firstly, a further interim dividend of 0.049p for the first half of 2006. These two interims for existing shareholders will make a total dividend for the first half of 2006 of 0.163p (0.132p) up 23% from the 2005 first half. Secondly, we are planning a final dividend for the six months ending 31 December 2006 of 0.292p (2005: 0.278p).

Thus we expect, in the absence of unforeseen circumstances, to declare dividends (including the special interim dividend) for the financial year ending 31 December 2006 totalling 0.455p. This is equivalent to a dividend yield of 3.25 per cent at the issue price of the shares for the acquisition and will mean an increase for existing shareholders of almost 11 per cent over the level of 2005 dividends. It is the intention of the Board to maintain a progressive dividend policy in the future.

We are very excited about the progress that we are making with your company. Our results are good, backed up by strong cash generation and a progressive dividend policy. The acquisition of Schlegel, a leading building products
manufacturer, is yet another step in creating a successful growing international business in line with our strategy of developing Lupus Capital plc.

So we will get the chance of buying in at a 1 for 3 ratio, presumably at 0.14p
Worth it or not ??

Anyone with any good research out there ?? Would be very interested to know more about "Schlegel"

regards

Peter
===========================================================================

RNS Number:3134Z
Lupus Capital PLC
03 March 2006

Not for release, publication or distribution into the United States, Canada,
Japan or Australia



Lupus Capital plc ("Lupus" or "the Company")



Proposed acquisition of Schlegel

Placing of 299,339,334 New Ordinary Shares at 14 pence per New Ordinary

Share

Open Offer of up to 79,232,095 New Ordinary Shares at 14 pence per New Ordinary
Share

Admission of the Enlarged Share Capital to trading on AIM



Summary

- Lupus announces it has conditionally agreed to acquire the Schlegel
building products business from UniPoly Holdings Limited and its subsidiary
for approximately 84 million in cash payable on completion.
- Schlegel is a leader in the manufacturing and marketing of door seals,
selling its products worldwide. For the year ended 31 December 2005,
Schlegel had sales of 69.3 million and generated profit before interest and
tax of 10.0 million, after management services fees of 0.7 million.
- The consideration will be funded partly through a Placing and Open Offer
of 378,571,429 New Ordinary Shares at a price of 14 pence per share and
partly through a new debt facility of up to 45 million to be provided by
HSBC and HBOS.
- Of the Ordinary New Shares being issued, 299,339,334 shares have been
placed firm with institutional and certain other investors under the Placing
and 79,232,095 shares will be offered to existing shareholders under the
terms of the Open Offer on the basis of one share for every three held as at
1 March 2006.
- The Acquisition is categorised as a reverse takeover for Lupus under the
Listing Rules and as such requires the consent of Lupus shareholders to be
sought at the EGM expected to be held on 29 March 2006 at 11:00 a.m..
- Lupus is applying for the cancellation of the listing of its Existing
Ordinary Shares from the Official List on completion of the Acquisition and
will simultaneously apply for the Enlarged Share Capital to be admitted to
trading on AIM.
- Lupus has today announced its preliminary results for the year ended 31
December 2005.
- HSBC is acting as nominated adviser and broker to Lupus and is sole
underwriter to the Placing and Open Offer.



Commenting on the Acquisition, Greg Hutchings, Executive Chairman of Lupus,
said:

"We are very excited about the progress that we are making with the Company.
Our results are good, backed up by strong cash generation and a progressive
dividend policy. The acquisition of Schlegel, an international building
products manufacturer, is yet another step in creating a successful growing
international business in line with our strategy of developing Lupus Capital
plc."


This summary should be read in conjunction with the full text of the following
announcement and the prospectus and circular to Shareholders relating to the
Acquisition, Placing and Open Offer and Admission to AIM, which will be posted
to Shareholders shortly.


Enquiries:

Alan Frame
Equity Development
0207 405 7777
07850 944187

HSBC Bank plc:
Rupert Faure Walker Nick Donald
Managing Director Head of UK Equity Capital Markets
0207 992 2101 0207 992 2151

The view from the Schlegel website
www.schlegel.com
===========================================================

Lupus Acquire Schlegel Building Products


Schlegel Building Products Press Release:

On Friday, March 3, Greg Hutchings the, chairman of Lupus Capital, announced the company has agreed to acquire Schlegel Building Products from Unipoly.

Schlegel Building Products is a worldwide leader in the manufacturing and marketing of sealing systems for windows, doors, printers, copiers, and specialized automotive components. In fiscal year 2005 Schlegel had worldwide sales of $125m.

Lupus Capital is a specialist investment vehicle and a publicly traded company on the London Stock Exchange. For 15 years, Greg Hutchings ran Tomkins a large $9 billion conglomerate. Hutchings said "We are very excited about the progress we are making.
The acquisition of Schlegel an international building products manufacturer, is yet another step in creating a successful growing international business in line with our strategy of developing Lupus Capital PLC."

The Schlegel management team under CEO Ian Pawson will continue to run Schlegel Building Products. Ian Pawson said " The existing business has a strong brand and good market positions which we will seek to build on. We will look to increase sales to existing customers, exploit new market segment opportunities, and invest in new product opportunities. Schlegel is the foundation of a substantial new Building Products Group."

Ian Pawson
Chief Executive
ian.pawson@schlegel.com
UK gsm +44 7818 013 207
USA gsm+1 585 935 1155
US Office+1 585 427 7200 ext 5255

Paul Prezzano
Schlegel Building Products-Vice President Sales and Marketing
paul.prezzano@schlegel.com
US Office +1 585-427-7200 ext: 5294

Philip Bond
Joint Managing Director Europe
philip.bond@schlegel.com
UK Tel: +44 1462 815500
UK Fax: +44 1462 814781
UK Mob: +44 7740 213673

Cheers pjstanton - Interesting to see how the other side feel, even if it does have the obvious positive spin.

So chaps, are we taking up the 3 for 1 offer then?

yes. taken up without a seconds thought...

What was your thinking behind that swift decision proptrade?

they have executed and for the moment in the sun these should trade higher. the market will anticiapte further aquisitons and i think these trade again at 16+.

Rgds
PT

Cheers PT.

it takes a while but they get there....

well...what an announcment today!

Lupus Capital PLC
19 March 2007

Not for release, publication or distribution into the United States, Canada,
Japan or Australia



Lupus Capital plc ('Lupus Capital' or 'the Company')



Proposed acquisition of the Security Systems Division of The Laird Group PLC
('Laird Security Systems')



Summary

Lupus Capital announces that it has conditionally agreed to acquire the
Security Systems Division of The Laird Group PLC for approximately 242.5
million in cash. Approximately 230 million of the consideration will be
payable on Completion with a further 12.5 million deferred and payable 12
months after Completion.

Laird Security Systems is a leader in the design, development, manufacture
and distribution of innovative products and solutions, which aim to improve
performance and thermal efficiency and enhance protection and security, for
homes and buildings within the UK and US residential building and home
improvement markets.

For the year ended 31 December 2006, Laird Security Systems had sales of
237.7 million and generated operating profit after divisional management
costs and before management charges, exceptional items and amortisation of
acquired intangible assets of 31.6 million.

The consideration will be funded partly through a 136 million
underwritten equity offering and partly through a new debt facility of up to
120 million to be provided by HSBC, HBOS and RBS.

HSBC has irrevocably undertaken to underwrite a 136 million equity
offering to finance part of the proposed acquisition. The timing and terms
of the Equity Offering will be announced in due course. It is expected that
the Equity Offering will be launched once the required Prospectus in
relation to the offering has been finalised and approved by the UK Listing
Authority.

Lupus Capital's shares were suspended from trading on 14 March 2007. The
shares will remain suspended until publication of the Prospectus.

The Acquisition is conditional, inter alia, on the Resolutions being
passed by Lupus Capital Shareholders at the EGM, the receipt of US antitrust
clearance under the Hart-Scott-Rodino Act and approval of the transaction by
the shareholders of The Laird Group PLC.

The Acquisition is categorised as a reverse take-over for Lupus Capital
under the AIM Rules for Companies and as such requires the consent of Lupus
Capital shareholders to be sought at the EGM expected to be held in April
2007.

Lupus Capital announced its preliminary results for the year ended 31
December 2006 on 2 March 2007. These results are stated in UK GAAP.

HSBC is acting as nominated adviser and broker to Lupus Capital and has
irrevocably undertaken to underwrite the Equity Offering.





Commenting on the Acquisition, Greg Hutchings, Executive Chairman of Lupus
Capital, said:

'Following our recent announcement of record results, together with the
successful integration of the Schlegel Building Products business, we are
delighted to announce the acquisition of Laird Securities Systems. The
acquisition is an exciting opportunity for Lupus and its shareholders and is
entirely in line with our strategy of acquiring asset based, positive cash flow
companies operating in industrial manufacturing, processes or services and is a
significant step in creating a successful growing international business.'



This summary should be read in conjunction with the full text of the following
announcement and the Prospectus to Shareholders relating to the Acquisition and
Equity Offering, which will be posted to Shareholders shortly.



Enquiries:



Equity Development 020 7405 7777

Alan Frame



HSBC Bank plc:

Investment Banking

Rupert Faure Walker 020 7992 2101

James Pincus 020 7992 2121



Equity Capital Markets

Nick Donald 020 7991 1504

James Taylor 020 7992 2179



Further information on Lupus Capital plc is available on the company's website
(
www.lupuscapital.co.uk
)







Not for release, publication or distribution into the United States, Canada,
Japan or Australia



HSBC is acting exclusively for Lupus Capital plc and no one else in relation to
the Acquisition and Equity Offering referred to in this announcement and will
not be responsible to anyone other than Lupus Capital for providing the
protections afforded to their clients or for providing advice in relation to the
Acquisition and Equity Offering or any other matter referred to in this
announcement.

No offer or invitation to acquire shares in Lupus Capital plc is being made by
or in connection with this announcement. Any such offer will be made solely by
means of the Prospectus to be published by Lupus Capital plc in due course and
any acquisition of Ordinary Shares should be made on the basis of the
information contained in such Prospectus.

The Prospectus containing details of, inter alia, the Acquisition, the Equity
Offering and a notice of an Extraordinary General Meeting of the Company, to be
held at the offices of Slaughter and May, One Bunhill Row, London EC1Y 8YY, is
expected to be posted to Shareholders shortly, together with supporting
documentation and separate form of proxy for use at the Extraordinary General
Meeting. Copies of the Prospectus will also be available to the public, free of
charge, from the offices of Slaughter and May, One Bunhill Row, London EC1Y 8YY
and the registered office of the Company up until Admission.

This announcement and the information contained herein are not an offer for sale
of securities in or into the United States, Australia, Canada or Japan or in any
other jurisdiction. The Ordinary Shares, nor any rights to subscribe for such
Ordinary Shares, have not been and are not being registered under the United
State Securities Act of 1933, as amended (the Securities Act) and may not be
offered or sold in the United States or to or for the account or benefit of US
persons (as such terms are defined in Regulation S under such Act) absent
registration under, or an exemption from registration under, or in a transaction
not subject to the requirements of, the Securities Act. There will be no public
offer of securities in the United States.

This announcement and the information contained herein does not constitute an
offer to sell, exchange or transfer any securities of Lupus Capital plc and is
not soliciting an offer to purchase, exchange or transfer such securities in any
jurisdiction where the offer, sale, exchange or transfer is not permitted or to
any person or entity to whom it is unlawful to make that offer, sale, exchange
or transfer.

This announcement contains 'forward-looking statements' which include all
statements other than statements of historical facts, including, without
limitation, those regarding Lupus Capital's financial position, business
strategy, plans and objectives of management for future operations and any
statements preceded by, followed by or that include forward-looking terminology
such as the words 'targets', 'believes', 'estimates', 'expects', 'aims', '
intends', 'can', 'may', 'anticipates', 'would', 'should', 'could' or similar
expressions or the negative thereof. Such forward-looking statements involve
known and unknown risks, uncertainties and other important factors beyond Lupus
Capital's control that could cause the actual results, performance or
achievements of Lupus Capital to be materially different from future results,
performance or achievements expressed or implied by such forward-looking
statements. Such forward-looking statements are based on numerous assumptions
regarding Lupus Capital's present and future business strategies and the
environment in which Lupus Capital will operate in the future. These
forward-looking statements speak only as at the date of this announcement. Lupus
Capital expressly disclaims any obligation or undertaking to disseminate any
updates or revisions in relation to any forward-looking statements contained
herein to reflect any change in Lupus Capital's expectations with regard thereto
or any change in events, conditions or circumstances on which any such
statements are based save as required by FSMA, the Prospectus Rules, Disclosure
and Transparency Rules and the AIM Rules. As a result of these factors, the
events described in the forward-looking statements in this announcement may not
occur.


Not for release, publication or distribution into the United States, Canada,

Japan or Australia



Lupus Capital plc ('Lupus Capital' or 'the Company')



Proposed acquisition of the Security Systems Division of The Laird Group PLC ('
Laird Security Systems')



1. Background and introduction:

Lupus Capital announces that it has conditionally agreed to acquire the Laird
Security Systems Division of The Laird Group PLC for approximately 242.5
million in cash. Approximately 230 million of the consideration will be payable
on Completion with a further 12.5 million deferred and payable 12 months after
Completion.

The consideration will be funded partly through a 136 million underwritten
equity offering and partly through a new debt facility of up to 120 million to
be provided by HSBC, HBOS and RBS.

HSBC has irrevocably undertaken to underwrite a 136 million equity offering to
finance part of the proposed acquisition. The timing and terms of the Equity
Offering will be announced in due course. It is expected that the Equity
Offering will be launched once the required Prospectus in relation to the Equity
Offering has been finalised and approved by the UK Listing Authority.

For the year ended 31 December 2006, Laird Security Systems had sales of 237.7
million and generated operating profit after divisional management costs and
before management charges, exceptional items and amortisation of acquired
intangible assets of 31.6 million.

The Acquisition is categorised as a reverse take-over for Lupus Capital under
the AIM Rules for Companies and as such requires the consent of the Existing
Shareholders to be sought at the EGM expected to be held in April 2007.

Lupus Capital's shares were suspended from trading on 14 March 2007. The shares
will remain suspended until the publication of the Prospectus.

The Acquisition is conditional, inter alia, on the Resolutions being passed by
Lupus Capital Shareholders at the EGM, the receipt of US antitrust clearance
under the Hart-Scott-Rodino Act and approval of the transaction by the
shareholders of The Laird Group PLC.

HSBC is acting as nominated adviser and broker to Lupus Capital and has
irrevocably undertaken to underwrite the Equity Offering.

The Directors of Lupus Capital believe that Laird Security Systems is a
profitable and highly cash generative business with an international
manufacturing capability that makes good margins and operates in a sector that
the Lupus Capital management team know well. Laird Security Systems owns a
number of brands recognised throughout the industry and the business has good
market shares in its key markets.

Laird Security Systems represents a very strong fit with Lupus Capital's
strategy of acquiring asset based, positive cash flow companies operating in
industrial manufacturing, processes or services. The acquisition of Laird
Security Systems will provide a number of operational benefits which are
expected to create sustainable value for Lupus Capital shareholders:



The Acquisition gives Lupus Capital a good position in the building
products sector where long term trends towards higher standards of manufacture
and build, increased emphasis on personal security, and more stringent thermal
efficiency standards are each expected to underpin secular demand.

Laird Security Systems complements Lupus Capital's existing Schlegel
Building Products business and offers the potential for selling Laird Security
Systems' products through Schlegel Building Products' extensive international
distribution network.

Laird Security Systems' Chinese manufacturing subsidiary and developed
Far East sourcing network, allied to Schlegel Building Products' existing
arrangements, will help access sourcing from cost efficient locations for both
Laird Security Systems and Schlegel Building Products.

Laird Security Systems has demonstrated a consistent track record of
sales and cash generation over the past three years. The business operates in
the US and UK markets which are both profitable and have long term growth
characteristics.

Lupus Capital will look to use Laird Security Systems as a platform for growth
and will work with the management of Laird Security Systems to drive operational
improvements through the business, to pursue organic growth opportunities and to
make add-on acquisitions where they will add value.



2. Principal terms of the Acquisition

The Acquisition Agreement is dated 19 March 2007, and is made between The Laird
Group PLC, Laird Overseas Holdings Limited (the 'Seller'), Amesbury Acquisition
Holdings, Inc., Jasper Acquisition Holdings Limited (together 'the Buyers') and
Lupus Capital plc. The Buyers are wholly owned subsidiaries of Lupus Capital.
The purchase consideration is approximately 242.5 million in cash with
approximately 230 million of the consideration payable on Completion and a
further 12.5 million deferred and payable 12 months after Completion



The Acquisition Agreement is conditional upon the satisfaction of the following
conditions:



- the readmission to trading of the Enlarged Share Capital of Lupus
Capital on AIM following the cancellation of their listing pursuant to Rule 14
of the AIM Rules for Companies;

- the passing at an Extraordinary General Meeting of Lupus Capital of
any resolution or resolutions required to approve the acquisition of Laird
Security Systems;

- the passing at an Extraordinary General Meeting of The Laird Group PLC
of any resolution or resolutions required to approve the disposal of the Laird
Security Systems (this is because the disposal of Laird Security Systems is,
under the Listing Rules, a Class 1 transaction for The Laird Group PLC);

- US antitrust clearance under the Hart-Scott-Rodino Antitrust
Improvements Act;

- The Laird Group PLC having carried out certain pre-completion
intra-group transactions such that Laird Security Systems can be disposed of as
agreed between the parties; and

- The Laird Group PLC having given the requisite notice to novate or
prepay certain loan stock issued by Laird Inc.



The Acquisition is expected to close approximately four weeks after the Lupus
Capital EGM, if all of the above conditions are met.



Further information on the terms and conditions of the Acquisition will be
contained in the Prospectus to be published and sent to shareholders shortly.



3. Information on Laird Security Systems

Laird Security Systems is a leader in the design, development, manufacture and
distribution of innovative products and solutions. These aim to improve
performance and thermal efficiency and enhance protection and security, for
homes and buildings within the UK and US residential building and home
improvement markets. Its wide range of products includes window and door
hardware, composite doors, conservatories, uPVC products and window seals.



In recent years, the product range has been broadened and the business is being
repositioned towards the higher growth segments of its markets. Laird Security
Systems sources an increasing proportion of its hardware products from its well
established supply base in China, both from its own manufacturing facilities and
from its partner suppliers.



For the year ended 31 December 2006, Laird Security Systems had sales of 237.7
million (2005: 230.9 million) and generated operating profit after divisional
management costs and before management charges, exceptional items and
amortisation of acquired intangible assets of 31.6 million (2005: 31.7
million).



4. Information on Lupus Capital

Lupus Capital is a holding company whose shares are traded on AIM. Lupus Capital
has a declared strategy:

to build shareholder value through the acquisition of industrial assets
with the potential for development;
to apply the executive team's management skills and systems to improve
profitability; and
to use a variety of funding mechanics and exit strategies to enhance
shareholder value.

Lupus Capital owns two operating businesses, Schlegel Building Products, an
international manufacturer of window seals and related building products and
Gall Thomson, which is a supplier of marine and industrial breakaway couplings.



On 2 March 2007, Lupus Capital announced its results for the year ended 31
December 2006. Lupus Capital recorded sales of 62.9 million (2005: 7.5
million) and operating profit of 11.5 million (2005: 2.3 million). These
results are as stated under UK GAAP. The Prospectus will contain financial
information as stated under IFRS. The 2006 results are not directly comparable
to 2005 as they include a major acquisition.





5. Suspension in trading of Lupus Capital's shares

Further to the announcement made by Lupus Capital on 14 March 2007, Lupus
Capital's shares were suspended from trading with effect from 10.00 a.m. on 14
March 2007. The Ordinary Shares will remain suspended until the Prospectus is
posted to shareholders.



6. Details of the Equity Offering

HSBC has irrevocably undertaken to underwrite a 136 million equity offering to
finance part of the proposed acquisition. The timing and terms of the future
Equity Offering will be announced in due course. It is expected that the Equity
Offering will be launched once the required Prospectus in relation to the
offering has been finalised and approved by the UK Listing Authority.



7. Financial effects of the transaction on Lupus Capital

The Acquisition will have a transforming impact on the financial position of
Lupus Capital. The Directors believe that, taking into account the impact of the
Equity Offering, the Acquisition would have been earnings enhancing for the
Enlarged Group had it occurred at the start of the 2006 financial year. This
statement should not be interpreted to mean that future earnings of the Enlarged
Group will necessarily match or exceed the Group's historical published
earnings.

An unaudited pro forma net assets statement showing the financial effects of the
Transaction on Lupus Capital will be set out in the Prospectus to be published
and sent to shareholders shortly.



8. Trends in current trading and prospects

Lupus Capital

Gall Thomson's trading in 2007 to date has been good and the business has a
healthy order book. Gall Thomson expects that there will be good prospects for
the offshore oil and gas market over the coming year. This is being driven by
the continuing expansion in the use of sub-sea production technologies, the move
into deep water areas and the exploitation of marginal fields.

KLAW has continued to extend its product range and has increased its marketing
efforts to penetrate the industrial couplings market.

Schlegel Building Products has started 2007 with encouraging order levels across
its various businesses and since the year end has traded in line with
expectations.



Laird Security Systems

Since 31 December 2006, Laird Security Systems has continued to trade in line
with expectations.



9. Directors, Employees and Key Personnel of the Enlarged Group

Following Completion, the senior management of Laird Security Systems under the
existing leadership of Rich Koopmann in the US and Nick Whitwell and Vince
Conroy in the UK will remain with Laird Security Systems.

The existing employment rights, including pension rights, of employees of both
Lupus Capital and Laird Security Systems will be fully safeguarded.





10. Extraordinary General Meeting

It is expected that an Extraordinary General Meeting of the Company will be held
in April 2007 at the offices of Slaughter and May, One Bunhill Row, London EC1Y
8YY for the purpose of considering and, if thought fit, passing the Resolutions.
Further details will be set out in the Prospectus to be published and sent to
shareholders shortly.



11. Recommendation

The Board, which has been so advised by HSBC, consider that the Transaction is
in the best interests of Lupus Capital's Shareholders. In providing this
advice, HSBC has taken into account the Directors' commercial assessment of the
Transaction. Accordingly, the Board recommends that you vote in favour of the
Resolutions to be proposed at the EGM as the Directors intend to do in respect
of their own beneficial shareholdings, amounting to 33,505,145 Ordinary Shares
representing approximately 5.4 per cent. of the issued share capital of Lupus
Capital. In addition, the trustees of the LESOT have indicated that they intend
to vote in favour of the Resolutions in respect of their holding of 63,385,676
Ordinary Shares representing approximately 10.3 per cent. of the issued share
capital of Lupus Capital.



12. Documentation

A Prospectus to Shareholders containing the full terms and conditions of the
Acquisition and the Equity Offering, together with the relevant supporting
documentation is expected to be published and despatched to Lupus Capital
Shareholders shortly.

The Prospectus to Shareholders will also contain notice of the Extraordinary
General Meeting of Lupus Capital expected to be held in April 2007 for the
purposes of considering the necessary resolutions to implement the Acquisition
and Equity Offering.

Copies of the Prospectus will also be available to the public, free of charge,
from the offices of Slaughter and May, at One Bunhill Row, London EC1Y 8YY, and
the registered office of the Company until Admission.




Appendix 1: Definitions



The following definitions are used throughout this announcement except where the
context requires otherwise:

'Acquisition' the acquisition by Lupus Capital, through the Purchasing Subsidiaries,
from The Laird Group PLC, of the Transferred Assets and entire issued
share capital of the Transferred Subsidiaries
'Acquisition Agreement' the conditional agreement for the Acquisition dated 19 March 2007
between Lupus Capital, the Purchasing Subsidiaries, Laird Overseas
Holdings Limited and The Laird Group PLC
'Admission' the admission of the Enlarged Share Capital to trading on AIM
'AIM' the Alternative Investment Market
'AIM Rules for Companies' the rules published by the London Stock Exchange, which set out the
rules and responsibilities in relation to AIM companies, as amended
from time to time
'Amesbury Acquisition Holdings' Amesbury Acquisition Holdings, Inc, a company incorporated under the
laws of the State of Delaware, USA
'Business' the building products related businesses as carried out by Laird
Security Systems
'Companies Act' or 'Act' the Companies Act 1985, as amended by the Companies Act 1989
'Completion' completion of the Acquisition and the Equity Offering in accordance
with the terms of the Equity Offering and Acquisition Agreement
'Enlarged Group' the Lupus Capital Group as enlarged by Laird Security Systems
'Enlarged Share Capital' the issued ordinary share capital of Lupus Capital immediately
following completion of the Equity Offering including the Existing
Ordinary Shares and the New Ordinary Shares
'Equity Offering' the 136 million equity offering, irrevocably underwritten by HSBC, to
part finance the proposed acquisition, the timing and terms of which
will be announced in due course
'Existing Ordinary Shares' the Ordinary Shares in issue as at the date of this announcement
'Existing Shareholders' the holders of the Existing Ordinary Shares
'Extraordinary General Meeting' the extraordinary general meeting of Lupus Capital expected to be held
or 'EGM' in April 2007, notice of which is set out in the Prospectus
'FSA' Financial Services Authority
'FSMA' the Financial Services and Markets Act 2000
'Gall Thomson' Gall Thomson Environmental Limited, incorporated in England and Wales
under the Act with registered number 2852924
'HSBC' HSBC Bank plc, a company incorporated in England and Wales under the
Act with registered number 14259
'IFRS' International Financial Reporting Standards
'Jasper Acquisition Holdings Jasper Acquisition Holdings Limited, a company incorporated in England
Limited' and Wales under the Act with registered number 6078798
'KLAW' KLAW Products Limited, a company incorporated in England and Wales
under the Act with registered number 316007
'LESOT' the Lupus Capital Employee Share Ownership Trust
'Listing Rules' the Listing Rules of the FSA
'London Stock Exchange' London Stock Exchange plc
'Lupus Capital' Lupus Capital plc, a company incorporated in England and Wales under
the Act and domiciled in the UK with registered number 2806007
'Lupus Capital Group' or 'the Lupus Capital and its subsidiaries, or any one or more of them as the
Group' context requires
'LSSD UK Limited' LSSD UK Limited, a company incorporated in England and Wales under the
Act with registered number 2838541

'LSSD UK Limited Subsidiaries' Balance UK Limited; Designgarden Limited; ERA Products Limited;
Crompton Limited; EWS (Manufacturing) Limited; Intron Limited; Homesafe
Doors Limited; Laird Lifestyle Products Limited; Laird Security
Hardware Limited; Omega Spring Technology Limited; LSS Trading (Ningbo)
Limited; J.K. Furnex Limited; Laird Security Systems (Ningbo) Limited;
Amesbury Springs Limited; Feneseal Limited; Hardware Engineering
Limited; Euromond Limited; Linear Limited; Lindman Group Limited;
Lindman Limited; Securidor (Holdings) Limited; Securidor Limited;
Ventrolla Limited; and LSSD UK (No.1) Limited
'New Ordinary Shares' the new ordinary shares of 0.5p each to be issued by Lupus Capital
pursuant to the Equity Offering
'Notice' the notice of the Extraordinary General Meeting of Lupus Capital to be
held for the purpose of considering and, if thought fit, passing the
Resolutions
'Ordinary Shares' ordinary shares of 0.5p each in the capital of Lupus Capital
'Prospectus' the prospectus, prepared in accordance with the Prospectus Rules, to be
published and despatched to Shareholders shortly
'Prospectus Rules' the Prospectus Rules of the Financial Services Authority
'Purchasing Subsidiaries' Amesbury Acquisition Holdings, Inc. and Jasper Acquisition Holdings
Limited
'Resolutions' the ordinary resolutions and special resolutions approving the
Acquisition and Equity Offering to be proposed at the EGM
'Securities Act' the US Securities Act of 1933, as amended
'Shareholders' the holders of Ordinary Shares in Lupus Capital
'Share Incentive Arrangements' the LESOT and the EMI Scheme (including the option agreement between
Lupus Capital and Greg Hutchings granted under the EMI Scheme) and the
subscription agreement between the Trustees and Lupus Capital
'Transaction' the Acquisition, Equity Offering and the Resolutions
'Trustees' the trustees of the LESOT
'UK' or 'United Kingdom' the United Kingdom of Great Britain and Northern Ireland
'UK GAAP' generally accepted accounting principles in the UK
'UK Listing Authority' or 'UKLA' the Financial Services Authority acting in its capacity as the
competent authority for the purpose of Part VI of the Financial
Services and Markets Act 2000
'Uncertified Share' or ' a share or other security which is in an uncertificated form
uncertificated share'
'US', 'USA' or 'United States' the United States of America, its territories and possessions, any
state of the United States and the District of Columbia and all other
areas subject to its jurisdiction

There is talk on the iii board that the share will be lifted out of suspension on Monday 26th March.
Can anyone confirm this??

Will be very interesting to see what the effect of this new acquisition will have on the share price.

regards

Peter

Hi' Peter

Have you read my email, regarding John ?

.

In the world of smaller companies, readers can expect to see trading in Lupus Capital resume on Monday. The group is believed to have enjoyed strong demand for its equity fundraising, the proceeds of which will be used to pay for its 240m purchase of Laird Group's security systems division. The business that Lupus is buying specialises in designing and making a wide range of products for homes and buildings, including window and door seals and conservatories. Analysts say it fits in well with Lupus's Schlegel division.

lookin' good !!!

Lupus Capital PLC
26 March 2007


Publication of Prospectus

Further to its announcement this morning of the launch of a placing and open
offer in connection with the proposed acquisition of the Security Systems
Division of The Laird Group PLC ('Laird Security Systems'), Lupus Capital plc
('Lupus Capital' or the 'Company') announces that it has published the
Prospectus in relation to the placing and open offer.

Following the publication of the Prospectus, it is expected that trading in the
ordinary shares of Lupus Capital will be restored to trading on AIM shortly.

Lupus Capital has filed with the Financial Services Authority (the 'FSA') in
accordance with Rule 3.2 of the Prospectus Rules of the FSA, a prospectus
containing details of, inter alia, the proposed acquisition of Laird Security
Systems, the firm placing and open offer of 755,555,556 new ordinary shares at
18 pence per new ordinary share, a notice of an Extraordinary General Meeting of
the Company, to be held at the offices of Slaughter and May, One Bunhill Row,
London EC1Y 8YY at 10.30am on 19 April 2007, and the admission of the new
ordinary shares issued pursuant to the placing and open offer to trading on AIM
(the 'Prospectus').

Copies of the Prospectus have been submitted to the FSA, and will shortly be
available for inspection at the FSA's Document Viewing Facility, which is
situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf,
London, E14 5HS (Tel: 020 7066 1000).

A copy of the Prospectus will also be available shortly on the Company's website
at
www.lupuscapital.co.uk

Just bought 103,330 @ 19.25

The Times ......... Lupus Capital a tiddler to watch

Not many people posting on this thread, not as if there is no news / activirty in the stock.

Theres more than one thread roly ,,,l have been writing on an entirely different thread reg LUP .....On the face of things the new aquisition from LARD appears a very appealing deal . Did you read the half page article about Lupus and Greg H. in last weeks FT --- VERY upbeat !! Very ! ......my only concern being the exposure they have in usa housing market which looks to be softening . @+ J

Amities ..! *****Once our new aquisition is nicely bedded down into the overall company this stock will fly !.l stake my reputation and a great deal of my own money on that fact. CEO Greg Hutchings is no mans fool. !! He is astute,patient,wilful and internationally connected .A man driven by hunger for success revisted .(As with Tomkins which he took from a 40p company into a 400p outfit) . ln short he is a conglomerate buider of the very best kind and has nothing to prove to anyone. When a businessman / CEO / Chairman of this calibre buys 90 million shares in a PLC in his name,his wifes name, and sets up a family trust for siblings you get this gut feeling your onto a very good thing . l have followed LUP from 2p when Stockern/ Flight brought OCTARI out of suspension and via that buy out aquired Gall and Thompson who make oil couplings and the "KLAW" brand .....And even then this smallcap was chased up to 23p on mere froth and a m/c of 10m lol..........................Since then we have come such a long way.- with an expected m/c of 350 m following phenomonal performances - both organically and by aquisition .Our fundementals are strong, robust and progressive; and and our chart steady and itching to be let free ,and yet the market has only juste tagged onto this one ..A RERATING must be on the cards . ..How many stocks costing 19p pay a progressive dividend as a matter of policy with high div cover. ? Thats Frank Hoads strong influence . Do not get me wrong . This is not a charity as its Latin name suggests ,,,,LUPUS-WOLFISH ...DYOR and be prepared for a few nice surprises . .... 60/75p by next annuals . l will take ANY wager on that **************** Our Jewish brothers have a saying " Give me a needle and thread and i will give you the world " Well l believe in LUP you will find your own needle and thread . Make of it what you will . But this is a giant success story in the making . . @+ J. ....

great stock / desreves tto be on initial page of MAM ....and i am keeping it there.....

.mes amities / slt !..After speaking to a friend @ Lunch it looks like the rights issue for 240m) to purchase a division of LARD is well oversubscibed . Looks like a clawback from institutions as with the Aquisition of Scheigel ...........After RI is over this is 25p ! ..BY l/S the Finance/lnvestment house of CAZ is very small outfit in the pocket of JP so spend frugally and conseervatively and are known to love IPOs but equally known to be not the greatest lovers of smallcaps they didnt underwite yet recently bought 20 mlln common stock ....niceeeeeeeeeee ......b/ chance a' vous ,,,,Au fait ! Amusez-vous bien .... ... ..@+ ..J

WHATS UP WITH YOU PEOPLE ?? What dou you all want ??? The moon on a stick ?

The recent rights issue reg LUP s takeover of the security arm of Lairds ( LARD) has been a tremendous success with instiutions taking up over 550 million common stock out of the 750 million up for grabs .Apps by qualifying individuals grabbed the remainder . . Certain institutions, however, seemed unable to attain their requirements under the rights issue @18p so bought in the open mkt. As on the 19th April F & C asset management today nnounced by RNS the purchase of 64 million shares ....Looking to the future. l cannot but see great things for this company .....@+ J

Lupus Capital plc has received the following notification of a major
interest in its shares.


TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached (ii):
Lupus Capital plc

2. Reason for the notification (please state Yes/No): ( )

An acquisition or disposal of voting rights: (Yes)

An acquisition or disposal of financial instruments which may result
in the acquisition of shares already issued to which voting rights
are attached: (No)

An event changing the breakdown of voting rights: (No)

Other (please specify) : (No )
Initial disclosure

3. Full name of person(s) subject to the notification obligation
(iii):
Polar Capital Partners

4. Full name of shareholder(s) (if different from 3.):
N/A

5. Date of the transaction (and date on which the threshold is
crossed or reached if different) (v):
19 April 2007

6. Date on which issuer notified:
23 April 2007

7. Threshold(s) that is/are crossed or reached:
3%

8. Notified details:
N/A


A: Voting rights attached to shares


Class/type of shares if possible Situation previous to the Triggering
using the ISIN CODE transaction (vi)
Number of shares Number of voting
23,571,428 Rights (viii)
23,571,428



Resulting situation after the triggering transaction (vii)


Class/type of Number of Number of voting rights % of voting rights
shares if shares (ix)
possible using
the ISIN CODE
Direct Direct (x) Indirect Direct Indirect
N/A 56,526,049 (xi) 4.12 N/A
N/A


B: Financial Instruments
Resulting situation after the triggering transaction (xii)


Type of Expiration Exercise/Conversion Number of voting % of
financial Date (xiii) Period/ Date (xiv) rights that may be voting
instrument acquired if the rights
instrument is
exercised/
converted.
N/A N/A N/A N/A N/A



Total (A+B)

Number of voting rights % of voting rights

56,526,049 4.12%



9. Chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held, if applicable
(xv):
N/A

Proxy Voting:

10. Name of the proxy holder:
N/A

11. Number of voting rights proxy holder will cease to hold:
N/A

12. Date on which proxy holder will cease to hold voting rights:
N/A

13. Additional information:
N/A

14. Contact name:
Mr A McBrierty

15. Contact telephone number:
0131 338 2411


C: Additional information :
Name of person making this announcement on behalf of Lupus Capital
plc.

Mr J Luetchford
Tel: 020 7490 4355

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