I know that the news says there is a possibility of this company being bought out. But just how kosher is it and where did thid news come from.
Thanks in advance

Nov 19 VERY SIGNIFICANT

Morgan Stanley HAVE MAJOR INTEREST

deutche bank now have 10% yet price falling like a stone WHY ???

next year this time this won't be independent. that's my gut feeling. Anyother news?

Had a bite today a nice round 99 pence.

HI guys////mMartha knew when to jump ship///// TOOmany DISTRACTIONS/ TOOMANY TAKEOVERS// TOO MANY CHIEFS//// WAIT for third profit warning ///PRICE TO BUY /ON MY FIGS /FOR COSTS reductions etc 70p unless the storeies about poss takeover are right ///

Going well today just shy of 10% in a week yes.

Good end to the day still a hold.

Looks like there`s a few leaving it to the last minute !!

And a few more,anybody else on this in the last week ?

I am DD.........and still with my EZJ.....do you think I should dump those....still have a feeling I could get 200, whatdya think?

Well out of lmc at 116, bb go with what you think is best its your money ,,2 if you can wait,,why not!!

massive debts, small profit. get out while you can, maybe spread bet a short

Any thoughts on the solvency of LMC ?? closures and resignations in today's RNS

Negative net assets don't seem to be putting everyone off. According to RNS over the last 3 days both Morgan Stanley and Goldman Sachs have been buying in modest size, now holding about 15% of the company between them.

Looks like an opportunity my be on the horizon again for a short,nice.

live interview on 5 live business programme, ceo refuted all the scare stories and said short sellers were spreding rumours which are all unfounded and they are cash positive with a 20m bank facility which has not been needed.

Not a great bundle of cash,all the same.

Ouch,200k.

could some one explaine to me what " holding in company " means I always see this as news associated with shares

Under the LSE rules, anyone/any corporate entity holding more than 3% of the shares of a company has to declare their interest. Usually these sort of declarations come from long term institutional holders who are tweaking their portfolios and not making much of a material change.

In the case of companies in-play, i.e. where there is stake-building going on, these announcements can be more significant.

In the case of LMC notice how recently some big players like Morgan Stanley have notified an interest one day and then a few days later notified that they "no longer have a notifiable interest".

Just remember that these big players can wipe most of us out without noticing.