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GRO, GROPEP LIMITED
bloodclot
post Posted: Aug 14 2006, 09:01 PM
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In reply to: Livas1 on Monday 14/08/06 09:56pm

Thanks Livas, missed that one stun.gif

 
Livas1
post Posted: Aug 14 2006, 08:56 PM
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In reply to: Livas1 on Monday 14/08/06 08:55pm

Recommendation

The Board of Directors of GroPep, with the assistance of its advisers, has carefully
considered the Proposal.
Subject to the conclusions of the independent expert, the Board intends to
recommend unanimously that GroPep shareholders support the Proposal in
the absence of a superior proposal. The Directors and their associates also
intend to vote in favour of the Proposal in respect of their own shares in the absence
of a superior proposal and subject to the conclusions of the independent expert.
The Scheme documentation will contain the Directors’ formal recommendations and
the independent expert’s report. Shareholders are advised to read these documents
in full before voting on the Proposal.

Comment

Commenting on the Proposal, the Chairman of GroPep, Mr Richard England, said
today “The Board of GroPep is pleased with this Proposal and has concluded that it
is the most effective means of maximising shareholder value. The price of $2.05 per
share provides all of GroPep’s shareholders with the opportunity to realise cash for
their investment at a substantial premium to recent trading prices.”
GroPep’s Chief Executive Officer, Mr Bob Finder, said the Proposal will generate
significant benefits for the shareholders, customers and employees of GroPep. He
added that “Novozymes is a leading global bioindustrial manufacturer that will bring
extensive management, research and marketing capabilities to enhance GroPep’s
market access and boost development of our product portfolio.”



--------------------
LIVE BIG
Embrace the moment!
Life is a journey not a destination
The only thing that moves markets is surprise...
"The wisest men follow their own direction" - Euripides
People sell stocks for many reasons, but they buy for only one...
 
Livas1
post Posted: Aug 14 2006, 08:55 PM
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In reply to: bloodclot on Monday 14/08/06 08:37pm

Hi Bloodclot

Not sure if you saw, but GRO is the subject of a takeover offer from Novozymes, at $2.05 cash per share.

QUOTE

GROPEP AND NOVOZYMES ANNOUNCE MERGER PROPOSAL

GroPep Limited (“GroPep”) and Novozymes A/S (“Novozymes”) have reached
an agreement under which Novozymes will acquire all of the issued securities in
GroPep (the “Proposal”). It is intended that the Proposal will be implemented via
Schemes of Arrangement (“Scheme”) between GroPep and its share and option
holders. The Proposal is expected to be completed by the end of 2006, subject to
satisfying all relevant conditions.

The Proposal

The Proposal involves consideration of $2.05 cash per share and values the
issued share capital of GroPep at approximately $96 million.

The Proposal price represents an attractive premium to recent market prices of
GroPep shares, being:

a premium of 40% over the last sale price of GroPep shares on the trading
day prior to this announcement (August 11, 2006);

a premium of 40% over the volume weighted average share price of
GroPep shares in the one month period prior to today’s announcement; and

a premium of 33% over the volume weighted average share price of
GroPep shares in the three month period prior to today’s announcement.




--------------------
LIVE BIG
Embrace the moment!
Life is a journey not a destination
The only thing that moves markets is surprise...
"The wisest men follow their own direction" - Euripides
People sell stocks for many reasons, but they buy for only one...
 
bloodclot
post Posted: Aug 14 2006, 08:37 PM
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Trading Halt after the bell and finished up strongly for the day on small but reasonable volume for GRO.

Wonder if they are going to have a go at BGN? I hope for GRO holders it's not BGN and vice versa for BGN holders.

Couldn't be the long awaited restructure as that wouldn't require a trading halt, would it?

 
bloodclot
post Posted: Jul 17 2006, 06:44 PM
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Been very quiet on this thread. I think everyone bailed after the last results.

Anyone know if there is a reason for the downturn in GRO today?

Someone wanted out for whatever reason and no depth to sell into. Has been stalled around the mid-150's for some time waiting for news of the restructuring so was today a buying opportunity or is there more selling to come?

On the watch list again.

 
RADIO
post Posted: Jul 11 2006, 03:44 PM
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user posted image

Recent ShareScene.com Radio Broadcast (Tue, 04 Jul 2006 2:00PM):

GRO - Structure Review and Earnings Outlook - Mr Bob Finder, MD & CEO

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.

-------------------------------------------------------------------------------------------------------------
ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.
--------------------------------------------------------------------------------------------------------------

 


theadder
post Posted: Apr 25 2006, 10:12 PM
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In reply to: theadder on Tuesday 25/04/06 07:42pm

details can be read here:

Patent Number: 7,033,610 GROWTH-PROMOTING AGENT

http://patft.uspto.gov/netacgi/nph-Parser?...2006+and+acn/au

 
theadder
post Posted: Apr 25 2006, 07:42 PM
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From the USPTO today...

An Anzac day present...

LEST WE FORGET

10/193,648 GROWTH-PROMOTING AGENT

Application Number: 10/193,648
Customer Number: -
Filing or 371 © Date: 07-09-2002

Status: Patented Case

Application Type: Utility Status Date: 04-05-2006
Examiner Name: WITZ, JEAN C
Location: ELECTRONIC
Group Art Unit: 1651
Location Date: -
Confirmation Number: 7950
Earliest Publication No: US 2003-0059477 A1
Attorney Docket Number: 3959.7US13
Earliest Publication Date: 03-27-2003
Class / Subclass: 424/535

Patent Number: 7,033,610

First Named Inventor: Francis Ballard , Burnside, (AU)

Issue Date of Patent: 04-25-2006

Title of Invention: GROWTH-PROMOTING AGENT





 
jessica211
post Posted: Mar 2 2006, 11:15 PM
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I read their 1/2 yearly announcement negatively. "Slowing growth, difficult to predict future demand, reliant on one blockbuster product, needing to diversify" --- all sounded like a softening up excercise to me. Looks like a few others have an alternative view.

Jess

 
bloodclot
post Posted: Mar 2 2006, 06:53 PM
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Took the opportunity to lighten after the ann.

Seems GRO may be going to revisit the Contract Manufacturing space which nearly killed them a few years ago.

 
 


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