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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Poundland | LSE:PLND | London | Ordinary Share | GB00BJ34VB96 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 225.00 | 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 | 225.00 | GBX |
Poundland (PLND) Share Charts1 Year Poundland Chart |
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1 Month Poundland Chart |
Intraday Poundland Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 14/12/2016 | 22:27 | Poundland | 2,364 |
| 03/2/2016 | 05:43 | *** Poundland *** | 75 |
| 03/11/2014 | 19:24 | Are these shares a bargain just like their stock? - podcast | - |
| 23/7/2014 | 15:30 | TipTv analyses the prospects of Poundland Group (PLND.L). | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 14/12/2016 22:27 by praipus Anybody following Stienhoff?If so where and how are you trading them? |
Posted at 31/8/2016 13:28 by tyranosaurus Why has the share price fallen off a cliff ?Is the bid doomed to fail and people are bailing ? |
Posted at 23/8/2016 11:35 by harvester I do have a hunch that the Steinhoff bid will fail.I will be happy to accept a drop in share price if that happens. Over the longer term I expect the PLND share price to recover and exceed 225 . It is possible that both Steinhoff and Elliott will hold onto their shareholding in the event of a failed bid with a plan to come back at a later date when the takeover rules no longer apply to their current bid . |
Posted at 21/7/2016 10:29 by maloneyt LSE:PLNDOKSearch Canada Life Ld Statement re. Announcement 21/07/2016 9:09am UK Regulatory (RNS & others) Poundland (LSE:PLND) Intraday Stock Chart Today : Thursday 21 July 2016 Click Here for more Poundland Charts. TIDMPLND TIDMTTM RNS Number : 8575E Canada Life Ld 21 July 2016 Steinhoff Europe AG recommended cash offer for Poundland Group plc On 13 July 2016, the boards of Steinhoff International Holdings N.V. and Poundland Group PLC ("Poundland") announced the terms of a recommended cash offer pursuant to which Steinhoff Europe AG ("SEAG") or a wholly owned subsidiary of SEAG (with the support of its ultimate parent company, Steinhoff International Holdings N.V., together "Steinhoff") would acquire the entire issued or to be issued share capital of Poundland not already directly or indirectly owned by it (the "Offer"). That announcement referred to an irrevocable undertaking entered into by Canada Life Investments in respect of a total of 4,075,404 Poundland shares representing approximately 1.5 per cent. of Poundland's issued share capital. As announced on 14 July 2016, Canada Life Limited and Canada Life Asset Management Limited sold 3,139,552 Poundland shares on 13 July 2016. This sale was made in error and Canada Life Limited and Canada Life Asset Management Limited intend to remedy this error by purchasing shares in the market up to the level of its previously stated holding. The Panel Executive has ruled that Canada Life Limited and Canada Life Asset Management Limited are not acting in concert with Steinhoff as a result of this proposed share purchase and therefore such dealings will carry no consequences under rules 6, 9 and 11 of the City Code on Takeovers and Mergers. Steinhoff, Poundland and their respective advisers (including Poundland's Rule 3 Adviser) have agreed to this ruling. This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 15/7/2016 08:56 by maloneyt Thanks tonysss13. Lets hope so. share price jumped to 229 this morning, but there were still buyers at this price |
Posted at 14/7/2016 14:22 by ph1ts There is something funny going on, spiked up to 228 a few minutes ago. I sold mine this morning for the full offer, but wondering whether something is afoot. You don't normally see the share price going above the agreed price! |
Posted at 13/7/2016 12:18 by abcd1234 Hi MT... the US trades the UK market now, in UK timeand here's the FT's take on it just now, with some broker views ~~~~~~~~~~~~~~~~~~~~ FT Alphaville , 13/7/16 Bryce Edwards, Paul Murphy Re Poundland: BE: Note, it’s not trading through the terms. BE: Some people getting confused this morning, failing to spot you get a 2p dividend as well. BE: So, yeah, this looks done. Over. Finished. PM : Suspect people are lucky to get out PM: Hasn’t this business suffered an immediate heavy blow from sterling? PM: it buys all its tat from the far east, surely BE: Well ……. this is a theme I feel we’re underplaying. BE: No, it doesn’t. It buys quite a lot of its rubbish from UK companies that have gone to the wall. BE: Or are in deep distress, at least. Hence the random brands and stuff. BE: For a company like Tiger, which is the Ikea of pound shops, sterling’s going to be problematic. BE: For Poundland, sterling’s only going to be a secondary effect. BE: Maybe. Credit Suisse. ■ Final offer agreed at 222p: Steinhoff and Poundland’s boards have announced that they have reached an agreement on the terms of a cash offer for the issued share capital of Poundland. At 222p per share, which is a combination of 220p cash and 2p final dividend, this values Poundland at £0.6bn, an EV/EBITDA multiple of 9x and a 12m PER of 16x. This comes after Steinhoff built up a 23.6% stake in the business and its earlier cash offer was rejected by the Poundland Board in June. Note that the sterling weakness since the initial offer also would have helped Steinhoff’s proposal. The transaction is expected to completed by mid-September and is subject to approval by 75% of Poundland’s shareholders other than Steinhoff, as well court approval. ■ A fair price: We previously suggested 235p as the minimum exit price for the business, based on a c3.5% operating margin next year on c£1.68bn sales. The 222p seems a fair price given market conditions, the post Brexit uncertainty and poor trading performance at Poundland. ■ Positive for Steinhoff: Whilst the transaction value amounts to less than 4% of Steinhoff’s market capitalisation, we believe it represents an important further step in supporting the group’s credentials as a broad-based large cap discount retailer. Under Andy Bond, we believe this acquisition accelerates Pepkor’s UK growth in a new (for Pep), but familiar category, with significant potential for the group also in Europe and, potentially South Africa. Based on our FY17 Poundland estimates (2.8% operating margin) and assuming 3% funding costs, we estimate the transaction to be 1.8% EPS accretive to Steinhoff. Assuming a 3.5% margin increases this to 2.6%. Reducing central costs by £5-10m as part of a larger group, potentially adds a further 30- 60bps to the operating margin. And Canaccord. At a 220p share price, the shares stand on a cal 16 PER of 19.9x and 15.6x for cal 17, with corresponding EV/EBITDA metrics of 9.2x and 7.4x. Excluding the 99p Store losses reported in FY16, which we include above the line, rather than as an exceptional, would change the cal 16 PER to 18.0x. The wider General Retail sector currently stands on a cal 16 PER of 13.5x, falling to 12.5x for cal 17. And Liberum Steinhoff already speak for 23.6% of the company and in addition to the cash offer have maintained the 2p dividend to be paid on 23 September who are on the register on 9 September. In our view this is a knock-out price and it was our view that significant downside risk existed if a bid did not materialise. Hence we move from SELL to HOLD and feel this should be seen as a very good result for PLND shareholders. The take out price equates to a March 2017E PE 21.6x and EV/EBITDA of 10.4x. ~~~~~~~~~~~~~~~~~~~~ |
Posted at 13/7/2016 11:43 by maloneyt the question is will the II agree to sell at the offered price. It looks like they are expecting a higher price to be offered, hence the reason for the share price upward movement, as there seems to be buyers in the market at this price. Why would they be buying otherwise? |
Posted at 05/7/2016 12:51 by sportbilly1976 fear and greed - share price moving and being moved based upon emotions.Steinhoff have spent over £130mln so far buying PLND shares...they will not want to walk away from this one |
Posted at 15/6/2016 09:19 by philanderer Fast FTYep it`s Steinhoff The Board of Steinhoff notes the recent share price movement in the share price of Poundland Group Plc and confirms that it is considering a possible offer for the entire issued share capital of Poundland. A further announcement will be made when appropriate in due course. |
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