Well it seems that ISYS is waiting for news...maybe it's round the corner !

SSA leads chase to buy Baan

2 May 2003 SSA Global Technologies will shortly conclude the purchase of Invensys' Baan software subsidiary, according to mounting rumours circulating in the City of London.

The revitalised enterprise resource planning (ERP) software vendor SSA GT is set to conclude a deal within weeks for Baan — and for radically less than the $708 million that Invensys, the troubled engineering conglomerate, paid for it in 2000.

SSA GT is awash with cash after raising $75 million from venture capital group General Atlantic Partners just last month. CEO Mike Greenough's plans to make SSA GT a $400 million company by July 2003 are well known. It even retains a head of acquisitions to research potential opportunities.

Both Baan and SSA GT were once top five ERP software vendors.

In April 2002, SSA bought the Interbiz ERP division of Computer Associates, but its revenues still run far short of Greenough's target. In the second fiscal quarter to the end of January 2003, the company posted revenues of $64 million, up 55% on the same period a year earlier.

System Software Associates (SSA) was one of the stars of the early enterprise resource planning (ERP) software sector, but sales collapsed dramatically in the mid-1990s following the botched introduction of new product.

Called BPCS 6, the package was bug-ridden and, before those bugs had been ironed out, the company tried to force users into upgrading. That led to a fall in sales and a crisis of confidence from which it never recovered.

It filed for Chapter 11 bankruptcy protection in 2000 and the assets were purchased by Gores Technology Group in July of that year. In May 2001, another venture capital investor, Cerberus, took a majority stake in the company.

http://www.infoconomy.com/pages/news-and-gossip/group78868.adp

Any reason for the crash?

Hopefully it is thr trend over the last few days ftse being down,all other info i ive
come accross has been positive,fingers crossed.

If oil companies are getting rich, INVENSYS should get richer IMO.

ahoj,seems to be picking up again nice and slow back to its high of 26.50 lets hope

The morning should be interesting!

very nervous,wonder which way it will go will the sale and 250mil dollars towards books?

think i will stay in bed

They are proposing a rights issue but unfortunattly dont know the exact details of the issue

the rights issue is 2 shares for every 5 held @15p each hope this is some use to others

I think all the shorters will have to buy back 40% more than that they shorted, if they don't close before the right issue.
Am I right?

It happenned to Autonomey- Right when it issued shares (2 to 1) it moved it from 230 to 500p. If that calculation was right, this one should move 40% IMO

Some may close earlier, but many of them will miss IMO.

I thiink majority of shorters start to lose after 25p. They will certainly gain if it falls below 15p.

for most "rights issues" the sp moves down to the offer-price, 15p in this case - I don't know if this is the market moving or the Brokers making hay - however, in this instance ISYS appears to be holding firm; what explanation is there, anyone?
I hold these from lower, so thought I'd sell and Buy-back, but it looks like this won't work - and I'd lose the Rights also.
IC says sell the rights into the market - why?
Fortunately I can add to my holding and this price looks attractive, as the sp has stood-firm above 20p for some while, with new mamagement working slowly/surely.

35% of the loan (243 million) is paid back early. See http://moneyam.uk-wire.com/cgi-bin/articles/200607180700293332G.html

The rest (75%) should be only 452m. Can they pay dividend if continue to perform so well?

picked up some of these last week as they seem oversold-with the T/o rumours and much more interest they seem worth holding for a while.

Maybe something good will come, but I read that S.HAre is to be Financial Director...what a brave fellow hired him...he of ex-Marconi fame - Oh you forgot? Well Marconi had a lot of money in the Bank and paid wages to many thousands of employees and pensioners...they had factories in a dozen cities I understand. Then The new boys took over and spent it all - not on fast cars, mistresses which would be understandable ...no they spent the lot on building a large telecom business at the time when almost anyone with a length of wire was a phone business. They overpaid for businesses that had no market and the whole thing collapsed, throwing folk out of work up and down the land...misery for communities as well as families and pensiones were shreaded I understand....hopfully the guys who thought this up (or said nowt),will never work again (like some ex-employees!)..indeed if they were to sell matches at London Bridge, as a wholesaler you should ask for cash up-front...

BUT ISYS has better plans - having raised enough money to rid itself of a half a Big Debt...it will re-engineer its shares to make then appear more attractive - so currently 17p will become - by Magic a new 1.70.

Pity Marconi didnt discover that trick! they could have paid for the new businesses with dodgy value paper and still kept most of their cash.

Personally I do npot like share density manipulation - it serves no real purpose and if/when the business recovers we'll be paying the same "Advisers" to bring the shares back.

goog news almost everyday. Now, Invensys should update on its contracts.

Its been very quiet on this thread for sometime,
Still holding and we have seen a steady climb since consolidation from 169 to currently 192,
MENTION in shares yesterday,
ONE time trading @ equivelant 38.50 a share ,dramatic fall to 91pence,its seems there is light at the end of the tunnel,although the sp has been volatile, the CHARTIST suggests its a buy @202 with a stop loss175,

TARGET 293 PENCE.

NOW 283 PENCE

Great recovery and also still on an upward trend

It has a history of of falling from 500 to 100p in a couple of days. Can it reverse if shorters forced to close?

I think this will settle at around 300 pence,untill further news of sustained recovery

This baby has been quiet for too long.
Any news?