|cant keep up with all these RNS|
|That's interesting - share price now above the Offer.|
|Over 19% of issued shares seem to have be sold today looking at volumes traded. A done deal for sure. Looking at the history of CPH it seems some shares were placed in 2007 at 300p. Ouch! No wonder the market/buyers were not too generous in the final take-out.|
|yep, gone for a song...bet the directors cut a cushy little deal with Nando's..
|BID at 74p cash
a travesty as the business was expanding and generating cash|
|bid this week, 90p hope|
|jazz u not treating the better half to these anymore?
i'd say menage-a-trois judging by the bull flag..
Restaurants have taste for takeovers
'''''''''''''That attraction was enough for a potential bidder to open informal take-over talks last month with GBK's owner, Clapham House. The likely suitor is Capricorn Ventures International, the Belgium-based owner of Nando's, which already holds a 27 per cent stake in GBK.
It's not just GBK that is attracting interest. While consolidation in the mining sector has dominated the headlines in recent weeks, the restaurant sector is also going through a spate of merger and acquisition activity.....
'''"Shares in Restaurant Group, which runs the Garfunkel's and Frankie & Benny's chains, jumped this week on rumours of bid interest. Meanwhile, Paramount, which owns the Livebait, Caffe Uno, Il Bertorelli and Chez Gerard brands, sold 11 sites to Prezzo this week and wants to sell 26 more. Bay Restaurants is said to be in a deal to sell its Ha-Ha Bar & Grill brand, while Lion Capital, the private equity owner of Wagamama, has asked Rothschild to find a buyer for the 104-venue chain...."|
|Why we and the CPH board should tell Capricorn (or whoever the potential bidder may be) where to go if they don't offer at least double the current share price ..
|Mystery bidder circling Clapham House
By Pan Kwan Yuk and Rose Jacobs
Published: July 29 2010 21:04 | Last updated: July 29 2010 21:04
Shares in Clapham House surged nearly 20 per cent on Thursday after the owner of Gourmet Burger Kitchen said it had been approached by an unnamed suitor.
The group, which also owns The Real Greek restaurant chain, declined to comment on the identity of the suitor and cautioned there was no certainty that a formal offer would be made. But market speculation on Thursday night was that Capricorn Ventures Limited, Clapham House's largest shareholder with a 27 per cent stake, was behind the move.
Thai Union nets MW Brands food deal - Jul-28
San Miguel seeks capital for diversification - Jul-27
World Cup eats into Clapham House sales - Jul-16
Belgium-based Capricorn, which owns the UK operations of Nando's, has been a shareholder in Clapham House since late 2007, when it declared a 11.2 per cent stake in the business. Since then, it has progressively built up its shareholding, prompting widespread speculation that it might use the stake to launch a bid.
Talk of an impending offer has also been fuelled by Capricorn's decision to participate in Clapham House's £2.2m ($3.4m) share placing in May. The private equity group bought up almost half of the shares on offer, taking its stake from 24.9 per cent to 27.03 per cent.
A move for Clapham House now could not come at a more opportune time, according to industry watchers.
The group shed the Bombay Bicycle Club last year and put its struggling Tootsies restaurant chain into administration. It is now a much cleaner investment proposition for a bidder, with Gourmet Burger Kitchen the core driver of the group's growth.
Yet, having closed at 62p on Wednesday, the shares still remain 60 per cent below their level at the start of 2008.
James Dawson, an analyst with Charles Stanley, said an offer of 90p-95p was not implausible.|
|any thoughts on price and potential suitor? RTN perhaps or Capricorn taking it private?|
29 July 2010
The Clapham House Group plc ("Clapham House" or the "Company")
Statement re share price movement
The Board of Clapham House notes the recent movement in the Company's share price and confirms that it has received an approach which may or may not lead to an offer being made for the Company. There can be no certainty that an offer will be made for the Company or the terms on which such an offer may be made.
In accordance with Rule 2.10 of the Takeover Code, the Company confirms that, as at the close of business on 28 July 2010, its issued share capital consisted of 41,051,796 ordinary shares with a nominal value of 10 pence each ("Ordinary Shares"), with each Ordinary Share carrying equal voting rights. The Company holds no Ordinary Shares in treasury. The International Securities Identification Number for the Ordinary Shares is GB0033757492.
A further announcement will be made in due course, as appropriate.
Altium Capital Limited Tel: +44 (0)20 7484 4040
Ben Thorne / Sam Fuller / Katherine Hobbs
Financial Dynamics Tel: +44 (0)20 7831 3113
Jonathon Brill / Caroline Stewart
Altium Capital Limited ("Altium") which is regulated in the United Kingdom by The Financial Services Authority is acting for the Company in relation to the matters described in this announcement and is not advising any other person, and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to customers of Altium or for providing advice in relation to the matters described in this announcement.
Under Rule 8.3(a) of the Takeover Code, any person who is interested in 1 per cent. or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the Offer Period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3:30pm (London time) on the 10th business day following the commencement of the Offer Period and, if appropriate, by no later than 3:30pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Takeover Code, any person who is, or becomes, interested in 1 per cent. or more of any class of relevant securities of the offeree company or of any paper offeror, must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3:30pm (London time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4). Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the Offer Period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129.|
|something going on here|
|"Members of the public are not eligible to take part in the Cash Placing. The
Cash Placing is only being made to persons falling within articles 19, 43 or 49
of the FPO who are also qualified investors for the purposes of section 86 of
FSMA and no other person may participate in the Cash Placing or rely on any
communication relating to it."
Why can't any ordinary existing shareholders take part?
Think Placing Announcement could have been worded far better and more honestly to explain why all existing shareholders could not participate, i.e. need to quickly raise cash to meet good buying opportunities and to do so without costly Rights Issue.|
|There we go funding for more restaurants!|
|Strong position - stated that they will only open about 2 new rests. this year! Any more then that will really help push sales up. Theyve given themselves a very easy target to reach in my opinion. Managing city expectations well I think!!|
The Company expects to report preliminary results for the year ending 28 March
2010 in line with the Board's expectations.
GBK has delivered a robust performance in the period, particularly given the
prevailing UK economic climate. During the financial year we opened two new GBK
restaurants, at Bluewater in Kent and at Clink Street London SE1. This brings
the total number of GBKs in the UK to 51, of which 29 are within Greater London.
Trading across the seven The Real Greek restaurants during the period has been
satisfactory, with the restaurants at Westfield, Bankside and Covent Garden
trading particularly well.|
|Seems as there is very little resistence!!|
|This stock needs some buying support!|
|Undervalued in my opinion all the old baggage away now shouldn't be too long b4 this moves up!|
|From £5.95 and about a stomach-full gb..
Yep, will keep watching, waiting & flipping...
|i wouldn't worry bout who he is for the moment..
the fact is he is accumulating stock on a 'direct' basis so he's using his own wonga and is not bothered about anonymity..
keep an eye on price and volume r kidd..
|Yeah, read that via google gb...doubt it's the same bloke mind you..looks like he's got bigger fish to fry (or burgers to flip) than CPH..
u still got a feed into da GS jungle drumz? 2 see who our man is?|
|bit of a shady/dodgy character if we are talking same happy chappy..
and from a few years back:|