Broker Network Share Discussion Threads

[ramu231] 27/11/2007 18:21

What a ride! I doubt we'll find another safe, consistent, high growth stock like BNH.

Any suggestions on where we should invest our proceeds? Thanks.

[wjccghcc] 27/11/2007 12:27

Likewise. They'll need regulatory approvals but can't see any competition issues so should go through reasonably quickly.

[jswjsw] 27/11/2007 11:16

Ron - yes.
IMHO on present numbers it's a good deal, although given BNH's huge expansion potential, it's a good deal for Towergate as well!
16.5 x Book Value is vg I would say, and 29 x Annualised eps is more than OK, although forecasts seem to be non-existent, and Towergate are going to be reaping rewards not many years down the road.

Why are several selling at 583 GBP?? Well, if you bought below £4 I guess there's
not much difference between that and 605. However, the 60 days is up around 12 December, so it should all happen pretty soon. I for one will be accepting the offer.

[ronmikeh] 27/11/2007 10:38

Any comments on this take over? Sell now or wait for 605p?

[dan_dare] 20/11/2007 12:21

My condolences to his wife and children. A good and intelligent poster who will be missed.

Have a good holiday Geovest - I'm hanging around to add some more - no rest until a trip to France before Christmas.

[supreme mo] 19/11/2007 17:36

yes very sad, I remember the early days with this stock having discussions with him... thoughts are with the family.

Geo, your right, a genuinly good guy...

[geovest] 19/11/2007 08:15

I'm off on holiday for a few weeks. Hope to see a higher share price when I'm back around the 7th of Dec.

[geovest] 16/11/2007 21:38

Very sad news indeed. I've always respected his views and he will be sadly missed.

[dreggspicker] 16/11/2007 21:35

That's really sad news Liars, don't know what to say, tragic leaving this life when you have small kiddies.
Thanks for telling us all.

[dan_dare] 15/11/2007 13:18

My current view of the TA.


free stock charts from www.advfn.com

[geovest] 14/11/2007 16:11

ramu, the volume is too low to be significant, unless there are delayed trade announcements still to come. We'll have to wait and see. Happy with the share price though! ;-)

[ramu231] 14/11/2007 15:48

Geovest,

14 trades so far, it appears that buys outnumber sells 3 to 1. With BNH, this is more than usual - this level of activity must mean something is going on.

Could be trading update or another bid. Personally, I suspect the latter. You cannot keep a good stock off the radar for too long. Whatever it is, this is good for the SP!

[kenlum] 14/11/2007 15:28

Again, I tend to agree but that may not be how things pan out; we shall see!

[geovest] 14/11/2007 14:58

kenlum, I'd rather see the share price double over the next 2-3 years than a quick 20% profit. Remember, even at the current share price it is only trading on a forward PE of around 14 and I expect that the actuals will again exceed forecasts.

Today's rise may be in anticipation of a trading update seeing that the half-year ended 31 October.

[kenlum] 14/11/2007 14:28

I tend to agree Dpicker but then everything has it's price and profit is never to be sneezed at!

[dreggspicker] 14/11/2007 14:03

NO, No, please we don't need or want a bid, Grant has still got lots of things to pursue, on behalf of all the share holders !!!!

[kenlum] 14/11/2007 13:08

I think this current level is a continuation of the rise following rumours of recent negotiations and probably discounts a good part of any increase on an a confirmed offer.

[dan_dare] 14/11/2007 12:54

I have 550 as my next resistance point by TA.

[lomax99] 14/11/2007 12:41

The price has been treading water, probably just the next spike up. If the market had wind of a confirmed bit this would have leapt by far more (unless the value of the bid was around the current level).

We need to see a significant premium (40%+) to be worthy of any consideration, even then I am with Geovest in wishing them to continue rowing their own boat - we will no doubt see higher returns, over the long term, with the latter option.

[kenlum] 14/11/2007 12:21

Why do you say that?

[geovest] 14/11/2007 12:12

Hopefully not!

[kenlum] 14/11/2007 12:10

Possibly to a confirmed bid!!!!!!!!!!!!

[geovest] 14/11/2007 11:55

Breakout, we have a new high. Let's see where it takes us this time.

[geovest] 08/11/2007 14:33

Ramu,

As far as I know MiFID will not change the reporting of large transactions, but I am not a specialist on MiFID. If any one else can give a difinitive answer, please reply. Otherwise you can always ask your broker.