||EPS - Basic
||Market Cap (m)
|Construction & Materials
Birse Share Discussion Threads
Showing 1701 to 1723 of 1725 messages
|Can't agree more TNT!
have held for long enough and at purchase price that always meant the divi was very nice.
Never held enough to get too wound up about whether it got taken out at 16 or 18p!|
|... often the best ones!
rip birse and thanks for some good times and the dividends...|
|Thanks for reminding me about Cosalt Naked Trader . Another excellent unfashionable company.|
|tommy cosalt (CSLT) pays over 6%|
|Sad to see this go too. I was getting a 12 grand annual dividend from this. Where am I going to find a share like that?|
|Goodbye Birse. Done me well over the years. Cash in accounts Friday 4th. August.|
|Offer unconditional today 24/7. Cash before 7th. August.........|
|I have been told within 14 days of unconditional acceptance.|
|anyone know when we get the money if we accept the offer?|
Congrats, lets hope it will force Birse to make a Statement at least. I am in no hurry to get my money if I there is a chance of a fairer buy out price.|
|I have a note that the final results were due today. Anyone know differently?|
Thanks, I thought it could be them. Well I guess your right. We are too small to be of interest. :)
Sooner I get my money sooner I can put it to better use.|
|You're not going to like this slaterlp
(See my earlier posts and the response I received!)|
|Got this reply
"Thank you for your response. However, it seems to me that this is not a
competition issue but rather something for the UK Listing Authority"
Does anyone know who the UK listing Authority is?|
|The office of Fair trading has invited comments regarding the BB/Birse merger.
The email address is: firstname.lastname@example.org
Maybe they will be interested in unfair dealing prior to the announcement.|
|If that's the case then as far as I'm concerned that's fine. What angers me is that the FSA won't even try to find out.|
|why wouldn't it have been BB buying bie shares ? They were about to make a bid,,,its reasonable to assume they would have bought as many as allowable at the lower prices. doh!!!!!!!|
|As I said before, no activity buy or sell, share price fairly priced, then suddenly on the 18th June buys of 350,000...then 250,000 then multiples of 100,000...SP rises 0.25p then PI's perk up...sniff around (investigate) and follow their noses. Put money on the nose. Clear 30% in 6 days. Job done.
A good place to start to investigate would be who bought 350,000 shares in the first place? Why would someone do that with a company like BIE? Things that make you go ummmm. Highly speculative based on results soon to be released! Unless inside knowledge.
After 20th June, PI's follow the scent but not necessarily insiders. Just luck it was a take over bid and not something in the results. But it all adds up to the same thing.
Time to move on...something else on my radar.|
|And my reply...
Dear Miss Malanga
Many thanks for your response.
I'm afraid that I find the FSA's attitude to this totally predictable and pathetic. I thought the FSA was there to protect Joe Public. It also seems that the FSA is not at all interested in investigating the increased trading activity shortly before the announcement.
I'm sorry, but I'm not even going to look at the "friendly information" links you've provided as the tone of your message suggests to me that nothing will be done.
But just for your information, Birse (and Balfour Beatty) are backed by large banks which, presumably, come under the FSA's remit.
|A predictably pathetic message from the feeble FSA:
Thank you for your email of 29 June 2006.
The Financial Services Authority (FSA) is an independent body set up by Government under the Financial Services and Markets Act 2000 (the Act) to regulate financial services and protect the rights of consumers. The scope of our work includes the supervision and authorisation of financial institutions like banks, building societies, insurance companies, financial and mortgage advisers. The attached information sheet Introduction to the Financial Services Authority information for consumers explains our role and remit: www.fsa.gov.uk/consumer/pdfs/fsa_who.pdf
Unfortunately, your query regarding Balfour Beatty taking over The Birse Group falls outside our regulatory remit, and we are therefore unable to comment or assist you with this matter . As engineering and construction companies, neither Balfour Beatty or The Birse Group are required to be regulated by the FSA, as they do not appear to be carrying out regulated activities. Regulated activities include accepting deposits and providing various investment advice and services. For answers to the questions that you raise, you may wish to contact the firms involved for further clarification.
For consumer friendly information about financial products, you can visit our website www.fsa.gov.uk/consumer
J Malanga (Miss)
Consumer Contact Centre
Regulatory Services Business Unit|
I thoroughly aggree, if the directors are all for the takeover at this measly sum , they have probably been offered a lucrative payoff and also a plum job with BB. just another ripoff of shareholders.|
|I must say that I totally agree with all who say that Balfour Beatty are buying Birse for a song. As Balfour admit, the purchase of Birse will be earnings enhancing in the first year, which suggest that they are paying too little.
I always thought it was the mandate of the directors of any company to try and get the best price possible in any take over, not to SELL at the cheapest, which seems to have happened with Birse. Personally, I do not think there was any insider trading, it was just the incapabilities of the management, as has been shown by their running of Birse over the past few years and the price they are selling and shutting up shop for.
At 16.625p, a rediculously low price to say the least, I would have thought 20p to 25p is more like the proper and just value for Birse. For one I WILL NOT be voting in favour of the take over at this low price and just hope that someone else comes in with a better offer.
Has anyone any idea of what the professionals are saying about this take over, TO HOLD for something better or to TAKE THE MONEY and run??|