The Takeover Thread - Recon Group - NOW WITH NEW POLL

[Dave Javu]

This is our very own Michael Knighton moment isn't it?

Don't forget Robert Maxwell tried to buy those bastards too.

[Dave Javu]

Anyone fancy trawling through the Forbes list of Chinese billionaires?

[chrisf]

John E you are on a loser here. We have cash to spend and he is taking this far more seriously than Lerner ever did. By all means be sceptical, but dial in the "wrong un, shyster, chancer" stuff.

Judge on actions. And lighten up a bit. The well meaning man child has fucked off. That's worth a cheery pint in anyone's book.

There's no reason to be accusing the guy of being a 'wrong un' etc but it would be very nice to have a clearer idea of who he was and what he's done.
All we have is the MSG company and vague stuff about infrastructure companies with wildy varying valuations and nothing backing it up.

The fact that Hollis is happy with the deal is some comfort but it still leaves me not having a clue whether our new owner has borrowed cash to buy us or is planning on borrowing more in future. Those are important details.

What are you on about with 'nothing backing it up'? In an hour last night I found all 5 of the companies they say are listed on the stock exchange and 4 of them were linked in this thread (here's the one I haven't linked - http://www.reuters.com/finance/stocks/overview?symbol=000662.SZ - I only held off on it because I was trying to work out how the merger/acquisition of softto fitted in).  That's the smart cities company and has a market cap of 16.2bn Yen, I think it's safe to say that's where most of the money from the urbanisation work has gone.  Unfortunately they don't seem to have posted accounts for a couple of years (I don't know why) so it's tough to get a full position on them but they're certainly a big company.

Just curious but how did you find these companies that Recon doesn't own a controlling share in?

The 3 of the company names and stock exchange registrations were on their website.  The one you've linked took a bit more effort but in the end it was because the company website had an interview introducing Xia as their new chairman.

Thanks. I'm confused. Teamax is listed as your Reuters link proves and their website (http://www.txgis.com/) says at the top "Teamax - An IT and Software Subsidiary of RECON Network". Maybe the FT enquiry didn't get the right answer.

[kippaxvilla2]

The List
Spreadsheet Reprints
Search by name
Rank   Name   Net Worth   Age   Origin of Wealth
   #1   Wang Jianlin   $30 B   61   real estate
   #2   Jack Ma   $21.8 B   51   Alibaba
   #3   Ma Huateng   $17.6 B   44   internet
   #4   Lei Jun   $13.2 B   46   smartphones
   #5   Wang Wenyin   $12.1 B   48   mining, copper products
   #6   Robin Li   $10.4 B   47   internet search
   #7   He Xiangjian   $9.3 B   73   home appliances
   #8   Hui Ka Yan   $8.7 B   57   real estate
   #9   Liu Qiangdong   $7.8 B   41   e-commerce
   #10   William Ding   $7.5 B   44   online games

   #11   Guo Guangchang   $7.3 B   49   conglomerate
   #11   Zong Qinghou   $7.3 B   70   beverages
   #13   Lu Guanqiu   $7 B   71   conglomerate
   #14   Wei Jianjun   $6.4 B   52   automobiles
   #15   Zhang Zhidong   $6.3 B   44   internet media
   #16   Chan Laiwa   $6.2 B   75   real estate
   #17   Jia Yueting   $6 B   43   online video
   #18   Zhou Qunfei   $5.9 B   46   smartphone glass covers
   #19   Liu Yongxing   $5.6 B   67   agribusiness
   #20   Zhou Jianping   $5.55 B   55   apparel

   #21   Wang Chuanfu   $5.5 B   50   batteries, autos
   #22   Sun Guangxin   $5.3 B   53   diversified
   #23   Gong Hongjia   $5.2 B   51   investments
   #24   Yang Huiyan   $5.1 B   34   real estate
   #25   Hui Wing Mau   $4.95 B   65   real estate
   #26   Liu Yonghao   $4.9 B   64   agribusiness
   #27   Li Hejun   $4.8 B   48   renewable energy
   #28   Zhang Jindong   $4.75 B   53   appliance retailer
   #29   Lu Zhiqiang   $4.7 B   63   conglomerate
   #30   Tong Jinquan   $4.6 B   61   real estate
#10232 Carson Yeung $4000 54     hairdressing
#10233 Xiatong Xia $3999 39/40/32/30 urbanisation

[paul_e]

John E you are on a loser here. We have cash to spend and he is taking this far more seriously than Lerner ever did. By all means be sceptical, but dial in the "wrong un, shyster, chancer" stuff.

Judge on actions. And lighten up a bit. The well meaning man child has fucked off. That's worth a cheery pint in anyone's book.

There's no reason to be accusing the guy of being a 'wrong un' etc but it would be very nice to have a clearer idea of who he was and what he's done.
All we have is the MSG company and vague stuff about infrastructure companies with wildy varying valuations and nothing backing it up.

The fact that Hollis is happy with the deal is some comfort but it still leaves me not having a clue whether our new owner has borrowed cash to buy us or is planning on borrowing more in future. Those are important details.

What are you on about with 'nothing backing it up'? In an hour last night I found all 5 of the companies they say are listed on the stock exchange and 4 of them were linked in this thread (here's the one I haven't linked - http://www.reuters.com/finance/stocks/overview?symbol=000662.SZ - I only held off on it because I was trying to work out how the merger/acquisition of softto fitted in).  That's the smart cities company and has a market cap of 16.2bn Yen, I think it's safe to say that's where most of the money from the urbanisation work has gone.  Unfortunately they don't seem to have posted accounts for a couple of years (I don't know why) so it's tough to get a full position on them but they're certainly a big company.

Just curious but how did you find these companies that Recon doesn't own a controlling share in?

The 3 of the company names and stock exchange registrations were on their website.  The one you've linked took a bit more effort but in the end it was because the company website had an interview introducing Xia as their new chairman.

Thanks. I'm confused. Teamax is listed as your Reuters link proves and their website (http://www.txgis.com/) says at the top "Teamax - An IT and Software Subsidiary of RECON Network". Maybe the FT enquiry didn't get the right answer.

This is the problem, I think all the confusion being created right now is making things look messy and that mess is worrying people but everything that comes out has info to counter it (other than the bird's nest thing but we have no idea why Hollis has made that connection).

[frank black]

Randy gets rid of the accountancy firm as they keep doing that silly due diligence stuff and putting people off. Randy is under pressure so gets Hollis in to cut costs and changes his remit to flog it, just flog it. Bernstein and King get whiff of the prospective buyer and quickly evacuate as they wouldn't want to be associated with it. I wonder?

[Monty]

There's no evidence that the prospective buyer is what forced King and Bernstein out. All Sir Merv said afterwards was that the club needed selling really quite soon, and didn't follow-up with anything like 'and not to some asset-stripper.'

[Phil from the upper holte]

Which one is ours?

[Ron Manager]

Anyone fancy trawling through the Forbes list of Chinese billionaires?

Well he is not in the first 394 and there are only 394!!

[kippaxvilla2]

If Mervyn King does an interview and says this is exciting news for Villa then that is good enough for me.

[kippaxvilla2]

Er the list is above.  And where he is in it.

[four fornicholl]

We need to pull out of this deal now, its a giant fkn pisstake! The guardian are reporting renaming VP as lotus Villa Park.
lotus is a brand of fucking toilet paper, im afraid, very afraid.

[Des Little]

I really hope this bloke does not turn out to be another Terry Ramsden..A very good talker and still popular down Walsall way but in the end they found he had no substance whatsoever.

I'd be happy if he was Harry Ramsden

[Percy McCarthy]

Er the list is above.  And where he is in it.

Yes, good joke the first time. No need to milk it.

[Clampy]

I really hope this bloke does not turn out to be another Terry Ramsden..A very good talker and still popular down Walsall way but in the end they found he had no substance whatsoever.

I'd be happy if he was Harry Ramsden

I dunno, i'm fed up of being battered every week.