Chloride Share Discussion Threads

[mrminister] 01/7/2010 16:29

yes another quality old u.k company goes into yanky hands .....been a great stock for me this one although i missed 80p at the end i banked massive profits early may after the first bid.

when this current carnage settles down i too will be looking round for another quality stock with good bid prospects ......speciality chemicals play yule catto is ticking boxes for me.

[thorpematt] 01/7/2010 15:45

Oh well, as I said yesterday "Emerson want this bad - not SO sure about ABB..."

Have sold at 370p - don't like waiting for brokers etc.

For the record I am off to TESCOs. It matches the defensive value/growth hole in the portfolio. There is some downside risk as MMs and banks are trying to use fear to drive the price down BUT on the other hand Berkshire Hathaway are buyers too.

(remember be greedy when there is fear)

Best of luck for those still in. No doubt we'll catch up soon

[hoistman] 30/6/2010 12:39

June 30, 2010, 5:37 AM EDT

By Howard Mustoe

June 30 (Bloomberg) -- Chloride Group Plc and Scott Wilson Group Plc drew competing takeover bids in the same week. Analysts say the timing is no coincidence,
as more British manufacturers become targets.

Emerson Electric Co. and ABB Ltd. are vying to buy backup power equipment-maker Chloride. Emerson pulled ahead yesterday with a $1.5 billion offer,
after Zurich-based ABB trumped Emerson's first approach. Scott Wilson Group Plc, a U.K. engineering adviser, sparked a contest between URS Corp. and CH2M Hill Cos.,
which bid 189 million-pound ($285.5 million).

"A number of U.K. companies are a nicely ready-packaged mouth-watering morsel," said Michael Blogg, a London-based analyst at Arbuthnot Securities Ltd.
"Someone looking to build a position in a certain industry looks for a focused business, they don't look for something that's got lots of disparate operations,
many of which they don't want."

Manufacturers are emerging from the financial crisis with money available for acquisitions and growing confidence in markets, said Mark Adams,
a corporate finance partner at Deloitte. That's coinciding with a recovering U.K. economy and pledges from the government to lower corporate taxes,
attracting foreign bidders to the market.

Small- to medium-sized manufacturers and service providers for niche markets are in demand among global engineering companies with an eye on expansion,
said Blogg, who has a "neutral" rating on Chloride. Blogg said merger-and- acquisition cycles typically follow economic patterns,
and the recent recovery has released "pent-up activity."

Chloride said yesterday that it finds Emerson's bid a "superior proposal." ABB said it is considering its options after Emerson put its latest bid on the table.

London-based Chloride is an attractive asset for ABB in part because takeovers of this size are more "digestible" and easier to integrate,
ABB Chief Executive Officer Joe Hogan said in a June 9 interview. With a customer base spanning data centers and hospitals the London-based manufacturer
of back-up power equipment would complement ABB robots and automation gear.




HM.

[phillis] 29/6/2010 11:08

Somebody is buying at 390p and it cannot be Emmerson

Happy days

:-)

[jugears] 29/6/2010 10:26

more like £4.25 - £4.50 IMO

[thorpematt] 29/6/2010 09:20

Can't see either of them giving up just yet. Emerson want this bad - not SO sure about ABB. Market rates it above the bid - so you have to expect another one at least. I suspect £4 is on the cards.

[phillis] 29/6/2010 07:25

NIIIIce!

and what will ABB do now?

Edit

Are Emmerson in the market at 385p?

[thorpematt] 22/6/2010 17:17

Still drifting up, so considering we're higher than the bid I would say a higher bid it still the expectation. Patience required.

APAD. CHLD was/is somewhat a "steady" stock. Depends on the balance your portfolio needs to replace it but I wonder if TSCO is a good replacement (looks VERY oversold right now).

[jugears] 22/6/2010 09:00

Yes getting boring now

[phillis] 22/6/2010 08:15

Time someone made the next move

[apad] 14/6/2010 09:55

Sold 2/3 in the market (where else?) and bought CPI and KENZ. Anyone else with ideas for the other third?

[apad] 14/6/2010 09:52

KENZ at 245 for steady progress? ITRK always worth considering. RDSB when less than 1700, for income.

[apad] 14/6/2010 09:48

RSW at 700 looks good value

[apad] 12/6/2010 12:33

WEIR at 900 to keep in the same(ish) sector.
apad

[barrygibb] 12/6/2010 08:14

time to move on - Im buying DGO - the fall is way too far
BG

[barrygibb] 12/6/2010 08:13

well not really - Im out
BG

[barrygibb] 09/6/2010 13:43

whats the pe for next FY - way over 20. Time to buy then
BG

[jugears] 08/6/2010 20:14

Taylor Wimpey Down 25% in last 2 weeks,Very over sold if you ask me.

[thorpematt] 08/6/2010 19:05

Lets hope we do go higher - be fun if we get an auction anyway.

Where are we putting are profits next guys - I fancy a TESCO top up (little dip on CEO stuff at the mo.), perhaps some ROK or LRE for "super-value". HNT for sector recovery?

I Need some ISA stuff really, I see a CGT bill on the horizon with my FI shares at this rate!

What say you guys? (whilst we're waiting)

[jugears] 08/6/2010 15:00

Emmerson will have been fully aware that there low offer for Chloride both previously & recently would not be acceptable to Chld share holders & would almost certainly flush out any other bidders, Hence make a low bid first to see what others offer Imo we will probably see a lot higher bid than we expect.

[fishbournetrader] 08/6/2010 13:49

I've sold 50% of my holding. In these uncertain times it is nice to bank some profit and I lost out on Delta by not selling at this stage in their takeover proceedings.

However, for the remainder of my holding and for the rest of you that have hung on I hope a higher bid comes in.

[thorpematt] 08/6/2010 10:00

If you refer to the analyst comment, there might be a cue forming!

Reckon 340p is minimum price, could go 380p next or possible a tad more...

Downside can only really go to 325p. Even at 50-50 it's good odds, so I guess I'll hang on for a bit more.

[phillis] 08/6/2010 08:37

Emmerson were told to come back with 3.30-3.40
Now they will have to put their thinking caps on because ABB certainly have one more bid up their sleeves
So Emmerson might decide not to come back at all.......