Promethean Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:PTH.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.8863200 ')" target="_new" rel="nofollow">http://www.brokerforecasts.com/companies/PRW/Promethean+World+PLC+
October 2011
Investec Promethean World... 20/10/11 09:50
Retains
Buy Buy
0
65.00 65.00
0
2
GBP
0
Altium Securities Promethean World... 20/10/11 08:42
Reiterates
Buy Buy
0
70.00 70.00
0
2
GBP By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:PTH.L&display=discussion&id=8863200&action=detail Thu, 20 Oct 2011 08:55:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8782816 http://scotlandonsunday.scotsman.com/business/Battle-for-key-votes-at.6841987.jp
Published Date: 25 September 2011
By Perry Gourley

THE battle for boardroom control at the private equity company chaired by Sir Peter Burt looks set to go down to the wire as the two opposing sides seek to secure votes ahead of an extraordinary general meeting this week.
Sources close to rebel investor Laminvest, which owns 22 per cent of Aim-quoted Promethean, told Scotland on Sunday they believed they have support from 46.5 per cent of shareholders.

The board of Promethean has previously said it has irrevocable undertakings from 46 per cent of shareholders, although it also said that in total it believed it had support from just over 60 per cent.

Laminvest, which is registered in the Caribbean and has been a significant shareholder in Promethean since it joined Aim in 2005, has called the EGM of the company as it looks to oust two non-executive directors and replace them with its own nominees.

It is understood Laminvest, together with investment company Knox D'Arcy, has contacted shareholders at the company over the past two weeks to set out its concerns.

The rebel shareholder has raised a number of issues over the running of the company, which is in the process of realising its investments and returning cash to investors after shareholders voted for its wind-up in 2009.

It has claimed proper procedures were not followed on two investments and that a carried interest payment in respect of one of them, Aim-quoted Cambria Automobiles, should not have been made. They also argue that management fees for the company - which they claim have totalled £9.9 million over the past four years - are excessive.

Former Bank of Scotland chief executive Burt has denied the claims over corporate governance issues and said the board had taken legal advice and was satisfied that it had "acted properly in the best interests of the company".

He has also described the management fees quoted by his opponents as misleading and that the fees paid to the company's investment manager, headed by his son Mike, had fallen.

The Promethean board had also called for Laminvest to reveal more about its ownership structure by last week "to enable the company and other shareholders to have a proper understanding of those with interests in the Laminvest shares".

On Friday Burt said he did not know if Laminvest had responded to the request as he had been away, but it is understood some additional information has been supplied.

Laminvest receives financial advice from Alpheus Capital Management, a London-based company where former Promethean director Mike Pappas sits on the board. Pappas, who resigned from Promethean in 2009, is one of four directors of Aberdeen-based financial adviser Kudos who earlier this month struck a deal to sell the company to Mattioli Woods. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:PTH.L&display=discussion&id=8782816&action=detail Sun, 25 Sep 2011 06:39:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.7934586
http://www.growthcompany.co.uk/features/1601393/aim-ipo-market-improving-trend-continues.thtml By InvestingGarden ]]> http://www.iii.co.uk/investment/detail?code=cotn:PTH.L&display=discussion&id=7934586&action=detail Wed, 09 Mar 2011 09:48:00 GMT InvestingGarden tag:iii.co.uk,2003:tst.5290609 ')" target="_new" rel="nofollow">http://www.heraldscotland.com/business/corporate-sme/burt-faces-winding-up-of-private-equity-venture-1.918930

I accidentally stumbled upon this company a few days ago and decided to make an investment based on a simple belief that it is very unlikely I'm going to lose money buying at such a discount to net assets. If the aim is to liquidate their equity stakes and distribute the proceeds to investors then I think this is a good opportunity - very little downside and plenty of upside. My thesis is very simple!

Does anyone have any views on the attractiveness of this investment at the current price?

By Molrey ]]> http://www.iii.co.uk/investment/detail?code=cotn:PTH.L&display=discussion&id=5290609&action=detail Thu, 10 Sep 2009 21:40:00 GMT Molrey tag:iii.co.uk,2003:tst.3363438 http://www.iii.co.uk/investment/detail?code=cotn:PTH.L&display=discussion&id=3363438&action=detail Tue, 07 Nov 2006 16:49:00 GMT Richygm tag:iii.co.uk,2003:tst.3362445
worth watching. By huddpy ]]> http://www.iii.co.uk/investment/detail?code=cotn:PTH.L&display=discussion&id=3362445&action=detail Tue, 07 Nov 2006 07:22:00 GMT huddpy tag:iii.co.uk,2003:tst.2946237
By give the dog a bone ]]> http://www.iii.co.uk/investment/detail?code=cotn:PTH.L&display=discussion&id=2946237&action=detail Mon, 31 Oct 2005 10:04:00 GMT give the dog a bone