any views new about this one when investment company now marine company with profits and payin divi and cash in bank talk of new weel know chairmen coming in anyone know a name ???

pjstanton posting no 14

i think it will suit gary and others to see the shares on aim.......as the value of the shares will not fall into an estate for inheritance tax purposes.

interested that you are not even going to take up your 1 for 3 rights ...which means your shareholding will be diluted. you will not even gain by the usual sale of rights in the market by the company

i intend to take a (mad) gamble on a very substantial basis. if the shares do rise above the 14p then i have an even greater problem in that do i sell?

there will be no hidden asset value in these shares. however the driving forces have substantial holdings ... so it is very much in their interests that the ship sails well.

i have had two profit warnings this week on shares held for many years viz; Northern Foods and Northamber ... lightning cannot surely strike three times.

WATCH THIS SPACE

TRUST YOU ENJOY LIFE IN CANAL LAND ..... in fact you are in the land where LUPUS now seek to make a fortune !!!!!!!!!!!!

mpw777, Oh canalland is OK'ish, U get used to it.

Interesting to look at the graph and realise that they priced the offer well above the current price at the time of negotiations. They watched the hype in the share price on the first "leak" of information and then priced it accordingly. All a bit like Mr B's govenment don't U think, leak it to the press and see if the public go for it!!
If it was around the 12p mark then I would go for it, but 14p is really too expensive given the information that I have now.
Oh btw last time I bought was at 13p and before that it was 7.75p, so for me if 14p holds, then I'm still well in profit.

Anyway great luck with your gamble

Peter

pjstanton, what is it you don't like about the deal?

Looking at the numbers, 14p looks good value to me. They are adding 10m profit by issuing 378m shares and borrowing 45m. That means EPS will rise from 0.9p to, allowing a good slice for interest payments and tax, to above 1.12p (and probably a fair bit higher). A share price of 14p for that EPS looks very cheap.

Am I missing something?

can someone explain to me why Lupus was able to divert nearly 7m of company value into a LESOT for the benefit of Gary and his familly. this 7m was a cost to the company in that trading year which resulted in a huge loss for the year which in turn reduced balance sheet values.
gary did subscribe seperately to 2m or so of shares but, of course, he has the value of those shares as an asset. thus for a spend of, say, 2m gary/familly have 9m of assets
the lesop matter was put to the shareholders and approved ....i do not know if that was before or after gary had the shareholding for his 2m
i see that gary's salary is 150,000 which is not mega ...and he really does not have any other directorships. the company states his role with lupus is a full time one. Just as well because after tax gary will not get far free-time-wise on the net of tax amount. if i recall correctly in his previous life gary enjoyed the goodtimes across the world. Fine if the fireplace is not neglected

pjstanton posting no. 16
you mention the jump up of the share price on announcement of the proposed takeover. is it not the case at the same time lupus intimated quite good trading plus enhanced dividends ???? .. those aspects on their own might well have been sufficient to push up the share price
the results announcement plus the dividend will have been polished to get the new share issue awayat 14p. however as the new share issue is quite substantial to the previous market cap there is simply more money going into the shareholders pot ...in broad terms

what do they say about this in Holland

pjstanton ......any other comment???
trading is expected to commence again on 4th. april
since the shares were first suspended the market has moved up quite a few % so this may tipple the fresh trading price upwards.
here's hoping ..... as i did make my substantial stake

any further thoughts/information on this share ?????

dealings are expected to start on 4th. april 2006

I've taken the plunge and gone for my allocation.....

Encouraging news today that the open share offer has been oversubscribed. Apparently the total applications received represented 134.5% of the new shares offered.

Here we go then - up 14% so far this morning :-)

Did everyone bail out of LUP then? Shame if you did as today repaid some of the faith shown by long-term holders and I feel there will be more to come.

existing shareholders of lupus had their asset/income values diluted. what happened was that of the new shares 80% went in firm placings to merchant banks and whoever was favoured ...with only 20% being allocated to cover:
(a) the one for three issue
(b) those existing shareholders who had the opportunity to apply for "extra shares"

the end result was that my application for shares under (b) above was scaled back by about 40%
clearly there should have been more shares available for (b)

the first day price of 16p would appear to be about right ......if it had been much more then it really would have been a very raw deal for existing shareholders

my purchase gamble has paid off ...except for the fact it will be difficult to sell a lump of share at the bid price shown on the screen.

where is the contributor to these postings who lives in holland ...and was not going to subscribe for any shares.
you win some and ypou lose some !!!

Well seeing as I deal in certificate form and have not as yet received the certificate I cannot sell can I. I am stuck with the old certificates which I assume are worthless.
I already topped up last year at 13p, so effectivly I got them at a fair price.
I suspect that once the selling starts they will dip below the 14p offer price.

I should have gotten out after the Hutchings first jumped in at around 22p, but I was abroad and missed it all.

Great if they do well and I wish for all the small shareholders that they will, but only time will tell.

I did not subscribe to the recent open offer as I have enough and would be happy to see the back of the shares that I currently hold. Far too much uncertainty.

regards and good luck

Peter

Much like a blue-sky pharma, the carrot with LUP is that Hutchings will weave his magic once again and 14p will become 140p etc. However as with blue-sky pharmas it could all go spectacularly wrong leaving you wondering why you ever invested in the first place. A toss of the coin but with his track record the odds must be stacked slightly in favour of the former scenario.

Wonderful scenario Queen1,
Oh how I'd love to believe that, I'd make a killing !!!
Peter

I wouldn't be complaining either Peter!

Somebody buying, but who are they ??

SCHEDULE 10




NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company


Lupus Capital plc

2) Name of shareholder having a major interest Polar Capital Partners

3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 The shareholder named in 2 above

4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them Goldman Sachs International Nominees Ltd. 5) Number of shares/amount of stock acquired 23,571,428

6) Percentage of issued class 3.8%

7) Number of shares/amount of stock disposed - -

8) Percentage of issued class - -

9) Class of security Ordinary shares of 0.5p

10) Date of transaction 4 April 2006 (subject to verification)

11) Date company informed 6 April 2006

12) Total holding following this notification 23,571,428

13) Total percentage holding of issued class following this notification 3.8%

14) Any additional information - -

15) Name of contact and telephone number for queries J.L. Luetchford 0207-490-4355 16) Name of authorised company official responsible for making this notification J.L. Luetchford

Date of notification 10 April 2006


- ---END OF MESSAGE---


Copyright Hugin ASA 2006. All rights reserved.

polar capital partners are a hedge fund. their address is 30 buckingham gate which is just along the street from LUPUS which is at number 85.
polar is closely associated with the mighty Caledonian investments
in the prospectus for the recent share offer (page 25) i was surprised to see that our "GREG" had to borrow money to take up his share allocation rights and further surprised to see the revelation on the same page that our GREG HAS " AN EXPECTATION OF REPAYING THE LOAN ON THE DISPOSAL OF (lupus) ORDINARY sHARES AT A LATER DATE" WHEN THAT SALE DOES TAKE PLACE THEN LUPUS SHARES WILL DIVE
WHILST A SUPPORTER OF LUPUS ...and ,of course GREG, i do feel that Greg needs to have ready a good photo for the press. The photo that appeared on page 6 of this weeks FINANCIAL MAIL ON SUNDAY was not a good one (for lupus shares)

Hi Chaps & Chapesses,

So what happened to all the hype (read ramp) after the suspension.
Cheaper now than at the share offer.

But then again we are all (well I guess a lot of us) losing hand over fist during the last few weeks.

To top up or not to top up, that is the question.

Good luck

Peter