ISF - iSoft Group

[youngone]

Is anyone holding ISF?

 

[Korban]

A big unfortunately yes . No point in selling now.

 

[RADV]

Yes, hanging in there No point selling really.

 

[isplicer]

Any hope at all of recovery at any stage?

 

[Poppypop]

Yes, i hold in hope. No point selling now for huge losses. I only need it to get to 8.5cents to break even.

 

[youngone]

Can someone analyze whats happening in ISF.

The price has jumped from .035 to .055 in 2 days.

 

[skc]

Can someone analyze whats happening in ISF.

The price has jumped from .035 to .055 in 2 days.

Halted now pending release of strategic review.

May be someone taking them over.

May be they realise they are insolvent.

The latest budget in the UK wouldn't have been kind to them.

 

[bigdog]

CSC buys iSoft
By Beverley Head
Saturday, 02 April 2011 06:57

Software and services giant CSC announced overnight that it had signed an agreement to buy troubled healthcare solutions provider (and a key supplier to CSC) iSoft for $0.17 a share. The cash offer is subject to shareholder and regulatory approval.

iSoft’s shares, which were suspended from trading at the company’s behest on Monday, last traded at 5.2 cents. The company’s fall from grace has been swift – a year ago shares were trading at ten times that amount, and far higher again the year before.

For the half year to the end of December iSoft reported sales of $161 million, down 27 per cent over the comparable period a year earlier. It also recorded an after tax loss of $84 million compared to an earlier modest profit.

More: http://www.itwire.com/it-industry-news/listed-techs/46272-csc-buys-isoft

 

[Greedy_Kev]

Yes, i hold in hope. No point selling now for huge losses. I only need it to get to 8.5cents to break even.

Haha i guess we both pretty much doubled our money now

 

[skc]

Software and services giant CSC announced overnight that it had signed an agreement to buy troubled healthcare solutions provider (and a key supplier to CSC) iSoft for $0.17 a share. The cash offer is subject to shareholder and regulatory approval.

That is one generous offer considering it was trading at 5.3c not too long ago.

CSC is a partner in some of ISF's businesses so it's possible there's some operational leverage for them that makes the value more compelling.

 

[Kushin]

Yes, i hold in hope. No point selling now for huge losses. I only need it to get to 8.5cents to break even.

lmao lucky you held onto it.. big jump today. does anyone think it will continue to rise?

 

[kingcarmleo]

Reckon another bid might come in, either way good value.

 

[youngone]

Awww. I'm so glad i held my head high . Anyone with any prediction?

 

[skc]

Awww. I'm so glad i held my head high . Anyone with any prediction?

Apparently the founder of iSoft may have a go...

ISOFT founder Gary Cohen has indicated he may make a counter offer for the healthcare software company less than 48 hours after US information technology services group Computer Sciences Corporation announced a takeover bid.

http://www.theaustralian.com.au/bus...-software-outfit/story-e6frg9hx-1226033635547

 

[Greedy_Kev]

lmao lucky you held onto it.. big jump today. does anyone think it will continue to rise?

I think it will rise after government approval, coz this is a very good deal for csc so if the offer is rejected by shareholders, I think they will increase offer slightly.

 

[youngone]

Prediction says its going to hit at least .170.
Anyone with any insight?

 

[bigdog]

Perhaps a higher price!

Founder ponders iSoft counter offer for healthcare software outfit
Katherine Jimenez From: The Australian April 05, 2011 12:00AM

ISOFT founder Gary Cohen has indicated he may make a counter offer for the healthcare software company less than 48 hours after US information technology services group Computer Sciences Corporation announced a takeover bid.

"It's the first shot in the salvo of someone looking to make a bid," Mr Cohen said yesterday.

He said CSC had tried to buy the company four years ago but IBA, another company he founded, had counterbidded and was successful.

"So here you have a situation that's gone full circle," he said.

"We'll see how this unfolds."

More: http://www.theaustralian.com.au/bus.../story-e6frg9hx-1226033635547?from=public_rss

 

[skc]

Prediction says its going to hit at least .170.
Anyone with any insight?

That's not a prediction. That's the offer price!

Something's not right... share trading at 15c so if the deal goes ahead you get 13% return in about 6 months... the speculators (like me) should be all over this.

But I can't see the pitfalls of the deal...
- Banks are happy
- Major share holders are selling
- Board's agreed
- No further due diligence condition
- Prospect of higher bid

Actually I can think of something (just a random guess) .... ISF has big business with the UK government and there may be clauses in those contracts about change of control??

 

[skyQuake]

That's not a prediction. That's the offer price!

Something's not right... share trading at 15c so if the deal goes ahead you get 13% return in about 6 months... the speculators (like me) should be all over this.

But I can't see the pitfalls of the deal...
- Banks are happy
- Major share holders are selling
- Board's agreed
- No further due diligence condition
- Prospect of higher bid

Actually I can think of something (just a random guess) .... ISF has big business with the UK government and there may be clauses in those contracts about change of control??

2ndQ 2012 so its appears to be maybe more than a yr.
I think main hurdle now is EU M&A board

 

[stock nub]

2ndQ 2012 so its appears to be maybe more than a yr.
I think main hurdle now is EU M&A board

Sky where did you get the 2nd Q 2012 from????

This is straight from the ISF annoucement.
Sorry about the formatting.

Timetable
Event Indicative date

Enter into Scheme Implementation Agreement 30 March 2011

Provide Scheme Booklet to ASIC for review and comment 27 April 2011

First Court Date 11 May 2011

Scheme Booklet registered by ASIC and lodged with ASX 18 May 2011

iSOFT Board meeting to approve Scheme Booklet and its dispatch 18 May 2011

Dispatch Scheme Booklet to iSOFT Shareholders and Optionholders 18 May 2011

Latest date for return of completed proxy forms for Scheme Meeting 15 June 2011

Eligibility for voting at Scheme Meeting and Option Scheme Meeting
determine 15 June 2011

Scheme Meeting and Option Scheme Meeting determined 17 June 2011

Second Court Date (SCD) 24 June 2011

Notify ASX of Court approval of the Scheme and Option Scheme 24 June 2011

Effective Date (lodge office copy of Court order approving the Scheme
and Option Scheme with ASIC) 27 June 2011

iSOFT Shares suspended from trading on ASX 27 June 2011

Scheme Record Date 1 July 2011

Implementation Date 6 July 2011