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

interesting levels now...

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