Tag Archives: ISIS EP

ECI and MIG concede no-WIN victory to IMI

Private equity investor ECI Partners and its prospective co-bidder Mobile Interactive Group conceded this evening that they will not be making a formal offer to acquire AIM listed mobile content technology specialist WIN, following the announcement that the recommended bid from Indian based IMI Mobile had won support from over 50% of shareholders.

Read more on ECI and MIG concede no-WIN victory to IMI…

IMI Mobile urges WIN shareholders to accept its contested offer by Wednesday’s deadline

IMI Mobile, the listed Indian mobile technology provider that has offered to buy AIM listed WIN at a price of 141p per share in cash, today urged WIN shareholders to accept its offer by this Wednesday’s deadline despite the possibility of a higher bid.

Read more on IMI Mobile urges WIN shareholders to accept its contested offer by Wednesday’s deadline…

WIN board recommends 141p offer despite ISIS protest

The board of AIM listed mobile content technology specialist WIN today recommended acceptance of a 141p per share cash bid by the India-based mobile technology group IMI Mobile (see Talk of Indian bid for WIN adds spice to its price) .

Read more on WIN board recommends 141p offer despite ISIS protest…

WIN’s biggest shareholder says proposed IMI Mobile offer is not enough

Private equity investor ISIS EP said today that the proposed offer by Indian content technology specialist IMI Mobile to buy AIM listed WIN for 141p per share (see Talk of Indian bid for WIN adds spice to its price) would “substantially undervalue the company”. 

Read more on WIN’s biggest shareholder says proposed IMI Mobile offer is not enough…

Talk of Indian bid for WIN adds spice to its price

Indian mobile content technology specialist IMI Mobile is in talks with AIM listed WIN about making a takeover bid that would value the group at £16.7 million if all outstanding share options were to be exercised.   That’s nearly 14 times WIN’s 2009 post-tax profit after excluding exceptional and similar costs of £650,000, or a massive 30 times the post-tax profit actually reported.  Admittedly any buyer will acquire about £3 million of spare cash.  Nevertheless IMI Mobile must be placing as much value on WIN’s technology as on its profit record.

Read more on Talk of Indian bid for WIN adds spice to its price…

WIN’s profit is up and down

The £557,000 post-tax profit reported last month by the AIM listed mobile technology specialist WIN was reassuring in the current climate, but does not in itself offer any justification for the sizeable share stakes bought in the company over recent months.

Read more on WIN’s profit is up and down…

WIN share buying resumes

Buying interest in the shares of AIM listed mobile technology specialist WIN resumed this week pushing the price back up to 111p – close to the price it reached after issuing an encouraging statement about 2009 profits in January (see WIN shares enjoy 9% boost).  The share price had not been so high for some 18 months.

Read more on WIN share buying resumes…

Latest jobs Jobs web feed