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GRT Gartmore Grp

119.80
0.00 (0.00%)
19 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gartmore Grp LSE:GRT London Ordinary Share KYG917851084 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 119.80 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Gartmore Grp Share Discussion Threads

Showing 326 to 344 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
25/2/2011
13:39
Broker upgrade
nellie1973
08/2/2011
12:40
so if its going for 92p whats it doing at 108 ?
envirovision
12/1/2011
12:04
Will the Directors have to relinquish their free shares?
rj allen
11/1/2011
16:07
surely henderson will walk - can not see appetite for rights issue to fund it. 85% of Guy's high margin hedge fund already gone. The stock could half once henderson walk away.
edwardt
21/12/2010
12:23
Good write up in the F.T. today.

Henderson could walk away according to them.

hvs
21/12/2010
10:19
Cityam:
HENDERSON is unlikely to agree an acceptable offer for Gartmore before the Christmas break, sources close to Henderson say, raising the risk that the embattled fund manager could collapse before a deal is done.

minsky
20/12/2010
13:20
Man group doing very well, get your money back there could see 350p short term also possible T/O by blackrock


best of luck

shrule
20/12/2010
10:33
Henderson have the upper hand here...might be worth buying Henderson shares...but just seen they have had a good run since 2009 from around 60p...No Advice Intended...
diku
20/12/2010
09:27
And a nightmare for the poor investors sucked in @ 220p , yes 220p.

What a CITY MADE RIP OFF.

hvs
20/12/2010
08:52
Who was saying a minimum bid price of 128p!!?

93p is toppy - shorters dream

roman2325
20/12/2010
07:46
Yet again the management telling half truths.

No wonder Henderson had to issue a statement.

Lucky to even get 80p IMHO given the very shoddy mismanagers in charge.

The 15% share award was daylight roberry or was it not ?

hvs
20/12/2010
01:12
95p is the offer subject to jew dillabarance.

Therefor you will be lucky to get out allive for 93p imo.

enjoy.

envirovision
18/12/2010
11:57
It would be a very good buy for Henderson. As New Star, Gartmore have lost credibility and need to be rescued.
topvest
18/12/2010
11:33
from the FINANCIAL TIMES


Henderson eyes bid for Gartmore
By Miles Johnson

17 December 2010

Henderson Global Investors has begun negotiations with Gartmore about making a £344m rescue bid for the troubled City fund manager.

It has made a 95p per share conditional offer, a discount to Gartmore's current share price of 104.8p, which would be paid in a mix of cash and Henderson shares, according to people familiar with the talks.

EDITOR'S CHOICE
In depth: Hedge funds - Dec-14.SEC fines Gartmore $1.35m for trading breach - Dec-09.Aberdeen rules out buying rival Gartmore - Nov-30.Henderson tests the water for Gartmore rescue - Nov-26.Swan Street builds its interest in Gartmore - Nov-23.

The terms of the deal, which Jeffrey Meyer, Gartmore chief executive, wants to complete by the end of the year, have not been finalised and there is no certainly of its success, these people said.

Henderson's interest in Gartmore, which was first reported by the Financial Times last month, comes after its rival put itself up for sale after the departure of its key fund manager Roger Guy.

Gartmore, which is being advised by Goldman Sachs, received two other indicative offers – one from GAM, the Switzerland-based fund manager, and the other from the Japanese financial conglomerate Sumitomo – but is now in exclusive talks with Henderson. Gartmore and Henderson both confirmed that they were in discussions.

The move for Gartmore runs counter to Henderson's stated strategy of pursuing acquisitions in the US, but is viewed as an opportunity to add to its retail business and bolster its presence in hedge fund investment products. Last year, Henderson snapped up New Star Asset Management for £115m in a similar rescue takeover.

The likely end of Gartmore's independence comes less than a year after it listed on the London Stock Exchange. Gartmore is still 20 per cent owned by the private equity group Hellman Friedman, which bought it out after it had been passed around owners including Banque Indosuez, NatWest and Nationwide Mutual.

The company, one of the City of London's best-known retail fund managers, has been rocked by a series of high-profile staff departures amid which its shares collapsed by more than 50 per cent from a listing price of 220p. That made it one of the worst-performing stock market listings in Europe since the onset of the financial crisis.

Guillaume Rambourg, who co-managed Gartmore's hedge fund business with Mr Guy, was suspended in March for breaching internal trading rules, later resigning from the company to concentrate on fighting a Financial Services Authority investigation into the incident.

In November, Mr Guy, who managed 16 per cent of Gartmore's £20.9bn of client assets, announced that he would retire on the same day as its chief operating officer Dominic Rossi moved to Fidelity.

spob
18/12/2010
10:25
Gartmore, which last month announced it would seek a merger or sale of the company, said the bid talks were on the basis of a proposal priced at "a slight discount" to Gartmore's closing share price of 98.75 pence on December 16.

I DONT FANCY YOUR CHANCES OF GETTING OUT BREAK EVENS, YOU HAVE BEEN MUGGED OVER.

envirovision
17/12/2010
17:45
This morning I was thinking - it must be time for the Gartmore sell off - so bought some at about 100. I'm holding over the weekend in case anything firmer materialises. I know its a gamble and I may end up worse off. Nothing ventured nothing gained.
minsky
17/12/2010
16:26
Aby buf will be much lowedr then current share price
hvs
17/12/2010
16:05
spob - thanks for the update.
But if Henderson's offer is "at a discount to the current share price" why has the share price gone up?

minsky
17/12/2010
15:35
Sky breaking news

bid coming from Henderson

spob
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older

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