Spütz : der Wert von Tullett & Tokyo steht fest ! - 500 Beiträge pro Seite

[immerwenninger]

Spütz hat den Wert seiner Beteiligung an Tullett & Tokyo Liberty plc. immer nur mit ca. 7.000.000 Euro angegeben - und immer behaupet, er sei unverkäuflich.

Dies diente nur der Vorbereitung eines Anteilsverkaufes (unter Wert) an die Mehrheitsgesellschafterin.

Wahrscheinlich ist diese Beteiligung zwischenzeitlich auch an die Großaktionärin NewMedia Spark plc. verkauft !

Jetzt wird der Wert bekannt : 37.290.000 Euro



Wednesday September 18, 2002


Tullett & Tokyo Liberty, a privately owned money broking company, was yesterday forced by the takeover panel to admit that it had received a bid approach.

The firm, which is owned by a variety of big investors including the former Post Office pension fund Hermes, is widely believed to have been approached by Collins Stewart, the stockbroking firm.

It is thought that the terms of any takeover have not been agreed but would have valued Tullett & Tokyo Liberty at around £220m.

Collins Stewart refused to comment yesterday, but Tullett & Tokyo Liberty told the City that it had received "an initial expression of interest".

Bruce Collins, Tullett`s chief executive said: "As we stated at the time of interim results on Monday, we continue to consider a number of options and opportunities to enable us to sustain Tullett`s growth and progress, including an IPO."

The City believes that Tullett would rather complete a stock market flotation than allow itself to be sold to a rival but would find it difficult to avoid considering a takeover bid.

Any bid or flotation would help bring to fruition the wealth of Derek Tullett, one of the founders - who, along with his family, owns around 8.5% of the company. The majority is owned by Japanese financial firm Totan, with 11% owned by a subsidiary of Newmedia Spark, an investment vehicle set up by a former Collins Stewart employee.

The takeover panel is understood to have wanted clarification from Tullett regarding its future after speculation that Collins Stewart was interested in taking it over.

Even though Tullett is not a stock market quoted company, the takeover panel has influence over any public limited company that is the subject of such speculation.

It is thought that the approach by Collins Stewart to Tullett & Tokyo Liberty was made a number of weeks ago. At the time, rumour about the interest raised eyebrows in the City because Collins Stewart acts as a financial adviser and broker to Newmedia Spark.

Newmedia Spark was founded by Mike Whitaker, who used to work for Collins Stewart. His original aim was to establish the vehicle as an incubator for internet companies, but after the dotcom bubble burst there was a change of emphasis and Newmedia Spark took a stake in Tullett & Tokyo Liberty.

Tullett is 10.5% owned by Hermes, 17% bei NewMedia Spark, with other 5% stakes held by investment banks such as Lehman Brothers and Goldman Sachs.

[sparkasse]

.
Jetzt beteiligt sich cantors an newmedia - cantor ist der größte wettbewerber von tullet tokio - alle wollen an die assest von spütz
.

[immerwenninger]

Highlights:

· Turnover increased 11.1% to £213.0m (2001: £191.6m)
· Profit before tax of £19.7m (2001: £20.1m)
· Earnings per share up 11% to 37.3p (2001: 33.5p), benefiting from lower tax charge
· Interim performance reflects some re-organisation costs, disruption to trading from World Cup and Jubilee, and weaker US dollar
· Successful transformation established last year continues to deliver sustained improvement in operating margin: 8.8% (2001 as a whole: 7.2%)
· Strong balance sheet with improved cash position
· Tullett’s offers global coverage through a network of offices or alliances in all the leading financial centres and is committed to the successful delivery of a hybrid strategy (using voice & technology)
· 1200 brokers worldwide specialising in securities, derivatives and money markets.

[immerwenninger]

@spasskasse

Du hast Recht, Cantors beteiligt sich tatsächlich bei NewMedia :

Dealing in NEWMEDIA SPARK PLC (name of company)

1) Class of securities (eg ordinary shares) ORDINARY SHARES

2) Amount bought Amount sold Price per unit

250,000 0.0825
300,000 0.08

3) Resultant total of the same class owned or controlled
(and percentage of class) 7,715,000 SHARES (1.74%)


4) Party making disclosure CANTOR FITZGERALD EUROPE


5) EITHER (a) Name of purchaser/vendor (Note 1) CANTOR FITZGERALD EUROPE
OR (b) if dealing for discretionary client(s), name of fund
management organisation

[immerwenninger]

Date of dealing 14/10/02

Dealing in NEWMEDIA SPARK PLC
1) Class of securities (eg ordinary shares)
ORDINARY SHARES

2) Amount bought 150,000

3) Resultant total of the same class owned or controlled
(and percentage of class) 7,565,000
SHARES (1.71%)


4) Party making disclosure CANTOR FITZGERALD EUROPE


5) EITHER (a) Name of purchaser/vendor (Note 1) CANTOR FITZGERALD EUROPE

[immerwenninger]

RNS Number:3722F
NewMedia SPARK PLC
19 December 2002


NewMedia SPARK plc:

RNS Number:3722F
NewMedia SPARK PLC
19 December 2002


The following replaces the Statement re Interim Results announcement released on 19th December 2000 at 13.02 hours under RNS 3631F. The announcement should have been released under the heading Interim Results and not Statement re Interims as previously released. All other details remain unchanged.


NewMedia SPARK plc

Announcement regarding Interim results for the 6 months ending 30 September 2002

Under normal circumstances the announcement of the interim results of NewMedia SPARK plc ("SPARK") for the six months ended 30 September 2002 would contain detailed financial statements, including a balance sheet for the period. However, in the light of certain unusual circumstances, details of which are set out below, SPARK is not able, at this time, to prepare detailed financial statements and, in particular, a balance sheet that accurately represents the value of its investment portfolio.

It was announced on 7 November 2002 that Tullett plc (formerly Tullett and Tokyo Liberty plc) ("Tullett"), in which SPARK has an 11% stake, is in takeover discussions with Collins Stewart Holdings plc. In SPARK`s balance sheet at 31 March 2002, this stake was valued at #7.3 million out of an investment portfolio of 38.8 million GbP and was by some margin its largest single investment by value.

The outcome of these discussions could therefore potentially have a material impact on the valuation of SPARK`s holding in Tullett and on SPARK`s own stated net asset value. In addition, as previously announced on 10 September 2002, SPARK is itself in takeover discussions. These discussions continue, but it will not be possible to determine whether or not an acceptable offer for SPARK is likely to be made until the outcome of the Tullett discussions is known.

[reunion]

weiß jemand was neues?
Wird tullett jetzt übernommen oder nicht?
warum gibts keine news mehr von Seiten der unternehmen?

[ZorroZocker]

Collins Stewart to Buy Tullett for 251 Million Pounds (Update3)
2003-01-23 05:29 (New York)

Collins Stewart to Buy Tullett for 251 Million Pounds (Update3)

(Adds comment from analyst in seventh paragraph.)

London, Jan. 23 (Bloomberg) -- Collins Stewart Holdings Plc,a U.K. stockbroker, agreed to buy bond and currency trader Tullett Plc for 251 million pounds ($406 million) to counter a slowdown in its equities business.
London-based Collins Stewart will pay 2.52 of its shares for each Tullett share, or 400 pence in cash plus 1.26 shares. Collins Stewart is making the acquisition as the company`s sales slowed last year with the slumping stock market. ``It`s about diversification,`` Collins Stewart Chief Executive Officer Terry Smith said in an interview. ``Their customer base is different`` and Tullett has wider geographic reach with offices from New York to Paris to Hong Kong, he said.
Collins Stewart is buying Tullett during the worst stock market slump since World War II. Securities firms have shed more than 100,000 jobs worldwide as fees from investment banking dropped about 40 percent from the peak of three years ago.
Tullett`s business relies on swings in bonds and currencies and isn`t affected by falling equities prices. Tullett employs about 1,800 people and its revenue rose 11 percent to 213 million pounds in the first half of 2002 from the year-earlier period. Collins Stewart has about 375 employees.
``The beauty of the transaction is there are no integration costs,`` Tullett CEO Bruce Collins said. Tullett was considering an initial public offering before Collins Stewart made its offer.
Combining with Collins Stewart was ``the natural thing to do,`` he said.
A conclusion on whether Collins Stewart is paying a fair price for Tullett depends on the strength of this year`s earnings, said Robert Mumby, an analyst at HSBC Securities. Shares of Collins Stewart were up 18 pence, or 5.4 percent, at 351.5p at 10:25 a.m. local time.

Industry Consolidation

Securities brokerages, which act as go-betweens for investment banks who want to stay anonymous, are merging as competition increases and business slows. ICAP Plc, the world`s largest interbank securities brokerage, bought New York-based bond trader BrokerTec last week for 181 million pounds.
London-based Tullett, previously called Tullett & Tokyo Liberty Plc and formed in 1971, competes with companies such as ICAP, Tradition Financial Services and GFI Group Inc.
Tullett`s CEO, along with Stephen Jack, the company`s chief financial officer, and David Clark, an independent non-executive director, will join Collins Stewart`s board.
Collins Stewart plans to raise 44.6 million pounds in a share sale to finance the acquisition. The 12-year-old company will sell 14.65 million shares at 308 pence each.
HSBC Holdings Plc is acting as adviser to Collins Stewart and
underwriting the share sale.

--Tom Kohn in the London newsroom (44-20) 7330 7929, or
[e-mail]. Editor: Quinson

[vittelo]

Spütz zieht wieder an!

[ZorroZocker]

Verkauf der Beteiligung an der Tullet plc.
Unter Bezugnahme auf die Ad hoc Mitteilung vom 23.Januar 2003 teilt die Gesellschaft mit,dass das Kaufangebot für alle Aktien an der Tullet plc.von Collins Stewart zu einem Gegenwert von ca.22 Mio £ bedingungslos angenommen wurde.