Viewed this on another board sounds very interesting

There's an interesting article in todays Financial Mail 19/10/03. It suggests that KCOM is to be broken up, with Thus taking the lions share and Colt and Energis having a bite as well. Apparently Malcolm Fallen, now CEO, has wanted to do this for some time but Steve Maine had always resisted. With him now gone the way is clear.
I think I may buy some more to average down my loss on these, it seems clear that they will rise on this speculation alone and Fallen will do everything he can - cost cutting etc. - to bolster the price prior to carve up.

I agree with you that the share will rise with the speculation that the article will create (as it did first thing this morning).

But if anyone bothers to do their homework, they will find that Hull City Council still owns over 41% of the shares - and they have always said that they would not support any major changes in the company including acceptance of a take over....... So you may find that the details of the article is fiction!

Wasnt it the Mail that sacked two of its journalists for ramping stocks they had bought into earlier. I am sure it was. It not the mail something similar and I apologies to all concerned if I am wrong.

Washlander - don't apoligise. Posting to threads is about mentioning things that you remember. Often it will jog someone else's memory and hopefully start a really good dialogue.

(By the way folks, tact & I aren't too friendly so if I sometimes sound a bit agressive, it's just me, and I do like to see if I can stir things up if I can :0)......)

Think it might have been the Mirror washlander, anyone else?

Who owns the other 59%? regardless of what the council want, 59% outbids 41% everytime.

If you go to http://www.kcom.com/annualreport/downloads/corp_gov.pdf you will find the following:

The Company's Articles of Association require Kingston upon Hull City Countil, the Company's major shareholder, to have Board representaion proportionate to its shareholding. Mr M Bird, Mr F Beedle, Mr M Kemp and Mrs C Page were, throughout thier repsective terms of office, serving Councillors nominated by the Kingston upon Hull City Council.



Currently 2 out of the 8 board members are serving councillors. This is why the council has so much say.

The next biggest shareholder only holds less than 7% of the shares. Details can be found at http://www.kcom.com/investor_major_share.html

I've always considered KCOM a good investment, and it wasn't that long ago they paid dividends. Compared to others in their sector, they are solid and not trading close to the wind!

Kingston have a buy recommendation in the shares mag.

spread or CFD target of 62p, stop loss at 45p.

interims are due 30th November and they expect it to play catch up after the poor results from Thus and Colt took an effect on the price.

Buy at 51p, well I was too late for that but I think it wroth a punt and the recent charts show it happy in the 60p 70p range.

Plus I am always impressed when I make an instant paper profit!

Keep it going up KCOM!

Just noticed this is a year old thread!

Apologies if there is a newer one!

seawallwalker, yes there is:

http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=1441

Cheers
rct