Abbey Nat. Share Discussion Threads

[dm1] 20/9/2004 16:00

Not a nothing company, one that is attracting at least one bidder. Agreed they need to stick to what they know, mortgages etc. Price will bounce off today's lows. DM1

[angry sad] 20/9/2004 14:56

From a great company to a nothing company in 3 years. What is to blame???

[365] 20/9/2004 13:11

Got out of these a while back, now (since a few weeks ago) long on William Hills & AVZ. Sainsburys & Lloyds Bank are other good long bets in a fairly dull market, doubt anything will happen until after US elections. Maybe a market rally last few weeks of Oct prior to US elections?

[wendsworth] 19/9/2004 22:32

I sold my remaining holding on the HBOS no interest statement.

Have been in ANL since May and walked away with five figures .

For what its worth have invested in Sainsburys .....everyone needs food, there is consolidation and US interest in the sector and Sainsburys looks just like ANL ....'suffering from previous inept management'. My view is ....either the current directors turn it round in six months or the bid will come .Either way the share price will rise !

This is my last ANL posting . If any of you fancy Sainsburys ...see you on that BB!!!!

[timmyman] 16/9/2004 17:23

well ill be closing my long it think tomorrow - not a huge loss in the grand scheme of thigs but a pitty none the less.

These bids now a days are fairly mundane. either the proposed target says we dont like it and the bidder backs off or they accept it and nobody else bothers coming in for a bit of action or someone things oh ill have a bit of a bid and rumours of the Competition Comission come up and ruin it.

I would have liked to see HBOS come in then possibly followed by Lloyds and then maybe Citi or another N American one - It seems that growth now for any bank will have to be organic rather than acquision as there are very few cherries left to pick.

Good luck to you all with your future picks and lets hope the next one we all decide to get in on is a propper bidding war not a boring, undervaluing, friendly one.

(I am keeping an eye on the small oil players, have not heard anything about the bigger oil boys on the look out but with all of these new finds recently and lots of drilling going on it could be time for someone to speculate to accumulate in that sector)

[markth] 16/9/2004 15:43

Good riddance to them too. Have lost money twice on this turkey now.

[corpbull] 16/9/2004 15:01

Everyone was and still is hoping for another interested party to surface, but market is dead quiet!!

Alas! it looks like it's the end of the road for Abbey!!

[wtacraig3] 16/9/2004 11:07

Only reason it would rise significantly now is if further bid spec surfaced - or a significant rise in Santander price. Both seem unlikely at this point.

[999rp] 15/9/2004 22:42

soon, but not soon enough, there should be a nice little rebound tomrow, my guessestimate is that it will go up by 20p any further advances

[ravisingla] 15/9/2004 16:24

whens this 30-odd-pence dividend going to be paid then?

[careful] 15/9/2004 13:24

does anyone have the Santander chart of share price over the last 12months.
last time i saw the graph in the FT it had fallen sharply, the abbey bid therefore being an opportunity to buy Santander shares at a reduced price. i bought at 558.
this should correct itself if they complete this bid unopposed.

an easy 15-20% gain i reckon.

[dm1] 15/9/2004 11:21

Correct dvda I'm long from 575.25p today. Holding a few days/weeks.

[dvda] 15/9/2004 10:56

Santander trading at 8.13 - 8.14 euros today, so current bid value is c. £5.87 per share.

[broadwood] 15/9/2004 10:51

Santander 1% lower this morning.

Most likely source of an alternative bid is from a European/US bank - Santander spokesman.

[davewilk] 15/9/2004 10:45

Santander shares closed at 8.25, giving a see-through price for the Abbey bid of £5.93 a share and valuing the offer at £8.76billion. Abbey shares rose 1.75p to 610p.

extract from 'Abbey bid speculation lifted' in todays telegraph

[abhai] 15/9/2004 10:35

How much is SCH's bid worth ... surely it is more than current price?

[raxzi] 15/9/2004 10:23

bluemango
If you think the SCH bid is worth 594p you need to check your arithmetic mate.

[bluemango] 15/9/2004 10:06

SCH bid was worth around 594p - Abbey now trading some way below that. Free dealing being offered for small shareholdings for offloading the SCH shares, also appears that dividends from SCH will be in sterling. Bearing in mind the level of SCH's original bid, and the possibility still remaining of another bidder to enter the fray, I'd still rate these a hold at these levels. Undoubtedly a setback for current holders though.

[timmyman] 15/9/2004 09:53

still long december - although thinking of bailing soon - not sure how to play this - now HBOS out of the frame would in make sense for another predator, who is less likely of referal to come in bearing in mind that they will not get dragged through the Competition comission by HBOS now ?

[maddox] 15/9/2004 09:11

I'm out. Surprized that HBOS decided not to bid - perhaps they thought that what they would have to get rid of to gain approval was too much to swallow. Or perhaps this has caused a new strategy to take shape - find another UK target or even one abroad?

Anyway, I cannot now see another rival getting involved. So I think its a done deal.

Regards, Maddox

[markth] 15/9/2004 09:00

I'm out. The Spanish don't even make good bog paper.

[broadwood] 15/9/2004 08:44

Not sure the fat lady has started to sing here yet - but Standard Chartered may now be once again in the frame as a bid recipient.

Not sure if HBOS' withdrawal makes a bid from Lloyds more or less likely. Lloyds sure needs a big transforming deal - but they won't want to risk rejection at the altar a second time.

[markth] 15/9/2004 08:10

I'd buy it at 158...