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GDYO Gibbs & Dandy

420.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gibbs & Dandy LSE:GDYO London Ordinary Share GB0003685046 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 420.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 420.00 GBX

Gibbs & Dandy (GDYO) Latest News

Real-Time news about Gibbs & Dandy (London Stock Exchange): 0 recent articles

Gibbs & Dandy (GDYO) Discussions and Chat

Gibbs & Dandy Forums and Chat

Date Time Title Posts
28/6/201001:00Gibbs & Dandy with Charts143
24/6/200513:13Expect IC & Shares Mags to comment on Gibbs & Dandy112

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Gibbs & Dandy (GDYO) Most Recent Trades

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Gibbs & Dandy (GDYO) Top Chat Posts

Top Posts
Posted at 28/5/2008 08:43 by ed 123
BTSM results are very good; not yet affected by any downturn.

Might this spur a counter offer for GDYO? Probably not, imho. If the major shareholders were open to offers, they should have started a sale process in spring last year. Starting with a market share price of around 400p should have given > 500p for a take out price.
Posted at 07/5/2008 20:16 by ashleighp
We can still decline the offer or do nothing and see how many acceptances they get by the deadline (which would usually be extended if they don't have a lot of acceptances). My feeling is that i'll adopt the wait and see approach. I'd be happy to hold these for a lot longer. Private investors often think these things are a done deal and grudgingly accept - but takeovers succeed because of this behaviour. If we all declined or took our time then things might turn out different. I bet there are a lot of other loyal GDYO followers around that would be happy to decline.
Posted at 07/5/2008 20:03 by ed 123
Hi wig123. Big shareholders can look for what they want, but they will only get the chance to accept what a bidder offers. For a small business, it's taken a while for this announcement to come along. It may have reached the stage of, 'We won't offer any more than 425p per share, either recommend acceptance or we withdraw.'

There's been enough time for others to express an interest. However, now is not a good time for potential bidders. WOS for one, needs to conserve cash.

Only guessing, but if it goes smoothly, shareholders might get their cash in about 10 weeks.
Posted at 07/5/2008 19:41 by ed 123
I thought it might be getting close since there was a bounce in the share price after it had gone xd. Am I to assume that insiders had a nibble?

There'll be a vote on it, of course, but I suppose it's unlikely to be rejected. They will have sounded out the larger shareholders.

The takeout price is about the same level as last summer's high and only marginally higher than it was three years ago. Definitely 425p is low using that yardstick. However, in the current climate, with the other merchants' shareprices having been hammered, I suppose it's fair. There's still a (small?) chance that someone will come along with an offer of 440p.

The major shareholders may be in need of cash, and so would welcome takeovers generally. PI's can take the money and spend it elsewhere in the sector if they choose.
Posted at 07/5/2008 17:11 by wig123
Well there we go buy out confirmed, not happy with price. do we get a say or what
Posted at 03/5/2008 10:43 by ed 123
A few of my rambling thoughts:

Wolseley have a difficult market in the US, with no sign of improvement yet. Its interim dividend was in excess of its basic eps. Regarding acquisitions, WOS said,

"The Group will apply a highly selective approach to further capital and acquisition expenditure."

However, GDYO would only be loose change to WOS.

We don't know whether it was WOS that expressed an interest in GDYO and, even if it was, there may now be another front runner.

GDYO share price rose over the last few days, so perhaps someone is expecting confirmation of an offer.

A bold punter might sell GDYO now and put the funds into WOS or TPK, etc.

I think if there is an announcement that the mooted takeover is off, the share price would drop; guessing down to 350p-ish. Long term, GDYO of course looks solid.

Yes, it's a difficult call. I suppose it depends on one's investment objectives/approach.
Posted at 10/3/2008 11:14 by ed 123
AshleighP, I've only held GDYO, so can't comment on the "A" shares. I'm pleased you've done well from your investment.

Finals are due for release on Wednesday. Along with the finals there should be some comment about the takeover talks. Of course, it could go either way, but I still favour a recommended offer as the outcome. The UK is heading for a slowdown and the credit crunch has further to go, so I should think the major shareholders would be amenable to a reasonable offer.

The quote is up 10p today with no reported trades. Perhaps my expectations are shared by others?
Posted at 26/2/2008 13:31 by ed 123
TPK is up nicely today, while BTSM is down. Is the latter the party in talks with GDYO?

Looking at the possible bid, even going back to 2000 the shareprice was at times above 300p, so (although safe) GDYO has not given longterm holders good capital growth. Consequently, I should think that the major holders of GDYO would accept a reasonable offer. The larger chains have much better buying power and can spread their overheads over many more outlets, so there would be good efficiency gains available for any buyer of GDYO. My guess is that a bid of around 440p will be made and recommended for acceptance.

Holding and hoping.
Posted at 15/2/2008 09:50 by wig123
looking back over Gibbs chart, peaking around £5 in 2005, since then company has aquired more sites and imo is well placed geographicaly to take advantage of major housing expansion over next 10 years or so. All the local branches have good turnover, unlike some of its nearer competitors, in fairnest I believe a takeover would be resisted at the £4 mark , Gibbs is one of them companys that has a high sentimental value, some of the larger individual stakeholders are Lutonians and have seen this co. grow from one tiny little shop. I havent had chance to research WOS but share price has been battered lately, IMO Travis Perkins would be a better suitor, no overseas exposure etc. interesting times ahead, yesterdays trades were highest volume for years, just hoping rumor hasnt been fed out RNS must come soon confirming or denial
Posted at 15/2/2008 08:36 by wig123
Just seems a bit strange, had some very large sales yesterday, price has been ticking up steady for last 5 weeks on low volume. Fancy jumping in for a few more but see MMs have skewed the share price in anticipation up 4% on no trades . Anyway good luck to all
Gibbs & Dandy share price data is direct from the London Stock Exchange

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