Monday saw more action for Titan holders- Mefro Wheels GMBH, a german private company increased it's holding to 29.9% by acquiring stock at 40p - against the prevailing market price of 20p. Mefro wheels acquired their original 24% stake at 40p in December.
A subsidiary of Titan International Inc, Tital Luxembourg Sarl, acquired 2,079,600 @ 35p and 339,000 @ 31.5p over the last two days taking their stake to over 20%. A director of Titan Lux Sarl is the non exec chairman of Titan Europe.

Roosters are hungry at this time of year and need to eat on chicken feed. This looks like a grain fest given Titan International broke off talks to buy Titan Europe in 2008 over 200p per share. Yeah - markets have changed but a battle for control of a niche business looks set to keep me well fed for the H1 09....

blimey!
i havnt read or posted in a while. where did you 2 come from?
this sounds too good to be true. thanks.
im off to look at the chart and decide for myself.
oooh i cant wait to get my hands on some of these.
thanks once again.
regards
jkd

Titan Europe Director/PDMR Shareholding

TIDMTSW

RNS Number : 6828L
Titan Europe PLC
15 January 2009

?
Titan Europe plc ("Titan Europe" or "the Company")


Director's Holding




The Company was informed on 14 January 2009 that on 14 January 2009 Titan
Luxembourg Sarl, a subsidiary of Titan International, Inc., bought 2,268,597
Ordinary Shares at 35p per share in the Company. Maurice Taylor is a director
of Titan Luxembourg Sarl and is the non-executive chairman of Titan Europe.


Following these purchases, Titan Luxembourg Sarl has an interest in a total of
18,993,821 ordinary shares representing approximately 22.89 per cent. of the
issued share capital of the Company.

This information is provided by RNS
The company news service from the London Stock Exchange
END

Titan Luxembourg Sarl have bought another 2,268,597 shares. 22.89% for them now...looks they're heading towards 30% too and then bid from Mefro or Titan or both.

Out of these buys yesterday:-

600,000 buy at 35p
753,597 buy at 35p
250,000 buy at 35p
572,715 buy at 35p
1,265,000 buy at 35p

The 1,265,000 + 250,000 + 753,597 belong to Titan and equal 2,268,597 shares.

Another RNS should be coming on who bought 600,000 + 572,715 = 1,172,715 shares.

Hemscott have updated the major shareholders percentage figure after this morning's RNS, does not include directors holdings or others holding less than 3%:-

Titan Europe PLC has a total of 6 major shareholders.

Together they account for 69.38% of the total shares in issue.

http://www.hemscott.com/companies/shareholders.do?companyId=4586

Free float must only be around 10 million shares now imo and Titan need around 6 million more shares to get to 30%. Picked up a few more. There's not been any press mention at all thus far on Mefro's and Titan's buying. Maybe this weekend or once Titan have bought a few more!

Tomorrow's Times....incorrect information about a profit warning and stake of Titan International is 22.89% now but stakebuilding & Bid news by Titan International who offered 230p last year is most welcomed.

'Titan Europe shares have risen since a profit warning last week, sparking talk of a bid that the maker of tractor wheels denied. It emerged that the founding chairman of Titan International, the US parent, raised his stake in Titan Europe to 20 per cent over two days shortly after the warning. The shares fell 3p to 30p'.

http://business.timesonline.co.uk/tol/business/markets/article5526995.ece

Hemscott have updated the percentage figure for major shareholders again today...changed from 69.38% yesterday:-

Titan Europe PLC has a total of 6 major shareholders.

Together they account for 72.11% of the total shares in issue.

http://www.hemscott.com/companies/shareholders.do?companyId=4586

Any sell orders on the order book now appearing at 39-45p which is an indication of where this is going. The large 58,000 buy at 34p from yesterday's close clearly showing.

T28
do you think you may have been somewhat over optimistic with your previous posts?
or is it too soon to say? price was at 31p level when i last posted so now just 10 days later at 24p is it now even more too gooder? its a bit too risky for me but thanks once again for drawing it to my attention. only time will tell.
regards
jkd

Treacle sold out just after his last post above for 29p...

off to his next pump & dump.....no patience that boy...only time for the T10 to make any money.

What ever happened to old Treacle I do miss him.

I do enjoy a treacle -free thread..lol.

Back in this morning having bought and sold these from 15p to 35p after Christmas....finals results shouldn't be too far away as per the trading statement in February and imo 30p is on the horizon!



Gathering momentum now and 30p or more is on the horizon imo in the next few days. Longer term, still very safe play with Mefro holding their around 29% stake at 40p and Titan International increasing their holding in January at 35p to take their stake to around 22%. An offer equivalent to 220p was on the table this time last year.

Updated Post on Motley Fool in February...the below is some referenced material:-

Valuation

'Thus we can see that the Wheel division makes up roughly a third of the company. Mefro were prepared to pay 40p/share and I doubt whether they are very interested in the Undercarriages division.

Is a break up possible? I would have thought so. Mefro clearly know their onions. They bought out Michelin in 2005. Either way, I would say Mefro want a say in what happens to the Wheel Division. Either they will come to an agreement to buy the Wheels Division, or they will at least have a controlling say in who takes over the company and thus protect their supply chain. Either way, I think Mefro have played a blinder.

Given that Mefro have probably made a valuation of the Wheels Division that ensures that the price that they have paid so far (35-40p range for most of their 29.9% /24.79M shares say worst case for 9.7M) is a price that they would consider a bargain, I suspect that they will be winners whatever happens.

So what is the value of the company? If Wheels makes up approx a third, then one might argue that the company as a whole is worth somewhere in the region of 100-120p. Compare this to the price that Titan International were offering in summer 08 at 220p and we can see there is a big gap'.

http://boards.fool.co.uk/Message.asp?mid=11428993

Three Dirt Cheap Small Caps
Published in Company Comment on 20 February 2009

Wheels on fire
Whilst Tolent is the least risky of the three shares, I think Titan Europe is the most interesting and have bought some myself. It has been subject to stake building by a rival and an attempt by its original owner, Titan International (NYSE: TWI) to buy it back.

In June Titan International made an all share offer worth 230p but three months later they called it off. The shares crashed as low as 7p in December before Germany's Mefro Wheels bought 25% of the company at 40p, over 300% more than the market price.

Mefro came back for more last month, taking its stake to 29.9%, the maximum allowed under takeover rules without making an offer for the whole company. Simultaneously a secretive Canadian fund manager bought 5% at 35p. Titan Europe was forced to say it had not received any bid approaches. It seems to me if a rival thinks a company is worth 40p then it's fallen too low. However, just this morning Titan said although profits for 2008 will be in line with expectations, 2009 has got off to a slow start. It reckons sales will fall by 30% from last year's total of 450m and added that it wouldn't be paying a final dividend for 2008. Its shares have dropped from the price shown in the table above.

There are probably more profits shocks in store for these high-risk shares, but they are priced to go bust and there's still a chance of another bid for Titan Europe.

http://www.fool.co.uk/news/investing/company-comment/2009/02/20/three-dirt-cheap-small-caps.aspx

Price up again today as expected on decent volume. Order book is also healthy on the buy side.

About 70% of the shares in the hands of major shareholders and if Titan Inc. want to buy more or someone else there is going to be big short squeeze on resulting in bigger rises.

At this rate, may hit 30p today.

treacle get some HERENCIA/HER if the mm,s will sell you any partner news imminent.