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DHP Darwen

25.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Darwen LSE:DHP London Ordinary Share GB00B2PGSY66 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 25.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Darwen Share Discussion Threads

Showing 76 to 100 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
15/3/2008
23:08
topvest - one possible reason for keeping Optare separate (for now at least) is the planning application for 256 houses on their existing site. Maybe RS wants the cash from the sale of that site to be accounted for outside of Darwen - if Darwen is negotiating grant aid for some new site? Just surmising..
m.t.glass
15/3/2008
18:12
Maybe tax reasons ,anybody ?
9degrees
14/3/2008
21:01
"THE man behind electric vehicles maker Tanfield has snapped up a £60m-a-year bus manufacturer in Leeds, just months after buying a similar firm in the North West."

Looks like Optare is fairly big. Could result in a reverse takeover which will take a couple of months to finalise.Maybe Stanley had to act fast to get Optare, before the funding and everything was in place for Darwen.

ANYWAY...all looks very encouraging. Stanley has big plans!

topvest
14/3/2008
20:56
Optare deal is interesting. Can see these two merging very quickly, otherwise Stanley will have a conflict of interest. I suspect that Stanley bought Optare to sell on to Darwin once they have managed to do the paperwork.

Optare
Located in Leeds and Rotherham, this business has around 5 per cent. of the current heavy bus market
but also builds a range of lighter buses and some of these have been built with hybrid drive lines.

NOTE the bit about hybrid drive lines!

Can't quite understand why the deal has been done through a Stanley investment vehicle, other than they need more time to get the deal together. Market conditions are not great either.

topvest
14/3/2008
19:56
Thanks MTG will look at it over the weekend !!
9degrees
14/3/2008
19:40
Extracts from Part Two of Julia King's excellent review of road transport alternatives in relation to Co2 emissions, have been posted at greencarcongress.com together with links to the Review itself



This will be something that every busmaker will read.

m.t.glass
14/3/2008
10:00
£60m deal on the buses for Stanley
Mar 14 2008 by Andrew Mernin, The Journal

THE man behind electric vehicles maker Tanfield has snapped up a £60m-a-year bus manufacturer in Leeds, just months after buying a similar firm in the North West.

Roy Stanley, chairman of Washington-based Tanfield and a serial entrepreneur, has bought bus and coach maker Optare Holdings, which employs 550 people.

The move comes just six months after Mr Stanley formed a new company called Darwen Group and took over an ailing bus building business in Blackburn, Lancashire.

Mr Stanley yesterday said he was on the hunt for other bus companies but had no plans to take his latest acquisition public, as he did with Darwen Group.

He said: "I am committed to the future of bus making in Britain and believe that Optare has an unsurpassed range of buses – all to its own innovative design and based on full, integral construction. This was a rare opportunity to acquire such a dynamic business at a time when it is poised to win even greater success in the competitive UK market and in Europe." Last September Mr Stanley hinted that he may be looking to set up an environmentally-friendly bus manufacturing plant in the North East that could create up to 500 jobs.

However, the entrepreneur said yesterday that these plans were now "off the agenda".

Optare, which Mr Stanley acquired through his Jamesstan investment arm, is currently in the process of developing hybrid diesel electric motors.

Optare chief executive Bob Coombes will remain with the company alongside his management team while chairman Russell Richardson will join Mr Stanley on the Jamesstan board.

Meanwhile, Mr Stanley remains in negotiations with regional development agency One NorthEast over a £1m-plus grant to help build a new electric vehicles factory in the North East which could create 300 new jobs.


(nebusiness.co)

m.t.glass
13/3/2008
19:02
MTG - I`ve already emailed IG twice asking them to offer a market without success . As you say , emails from several interested traders might tip the balance .
richaims
13/3/2008
18:14
Best bet is to email IG, asking what criteria determine when they might quote. If it's a borderline decision on their part, emails from several interested traders might tip the balance.
m.t.glass
13/3/2008
16:45
IG still not offering a market in Darwen .
richaims
13/3/2008
14:10
..Jamesstan was advised by the Leeds office of Cobbetts. Guy Jackson and Chris Tang led the deal team, assisted by Agata Walton and John Mcgee..

..Other advisers to Jamesstan Investments included the Leeds office of Baker Tilly, where Donnie Darroch and Angela Toner led a team conducting financial due diligence, assisted by Rick Schoeman and Richard Wilson...

...Walker Morris advised Optare's management team.






Also:

...Optare plans to move to a new location in West Yorkshire. Leeds City Council rejected a planning application for 285 homes at the Cross Gates site.

The firm has appealed and a public inquiry begins next week. Optare has also submitted a second application for development of 256 houses. Optare also has a manufacturing plant in Rotherham...

m.t.glass
13/3/2008
13:26
Dunno, but the share price has perked up now, on what is a bad market day.
m.t.glass
13/3/2008
13:17
Interesting to see on the blogspot and above the references again to the chassis delivery problems . Do we know if these have been sorted out or are they still an issue ??
9degrees
13/3/2008
10:43
from omnibuses.blogspot.com this morning:


Thursday
More Comebacks than Status Quo

So, the deed is done! Someone's bought Optare. And, from a very selfish point of view, it's rather a pity because it now means the end of the 10-day long significant spike in hits following google searches such as 'Darwen buys Optare', 'Optare for sale' and 'Optare rumours'. Ah well, it was good while it lasted.

Anyway. That someone is Roy Stanley, the man who formed Darwen Group last year, is the current Tanfield Group and Darwen chairman, and assembler of Jamesstan Investments, the investment company now owning the entire Optare stock, as of yesterday.

Optare's been looking to sell for some time. And there's much trumpeting of 'business as usual' at Optare, as you would expect. But the door is now well-and-truly open for greater collaboration, co-operation and development. And with Darwen seemingly beset with delivery problems, Stanley will undoubtedly be looking for synergies in developing Optare-type integrals that rely less on chassis manufacturers.


Brief History of Optare (or, More comebacks than Status Quo)


1985-Upon Leyland's decision to close its Roe bodybuilding factory, a management buyout forms Optare

1986-Optare launches its first home-grown body, the stylish CityPacer, followed by the StarRider

1988-launch of avant-garde single deck Delta, the first Optare-designed conventional bus, followed by the slightly inelegant (and sometimes troublesome) Vecta midibus

1989-Optare manufacturers the former MCW Metrorider design

1990-Optare joins with among others DAF & Bova in United Bus

1992-first production Spectra double decks, to a chic design that effectively made all other decker bodywork redundant

1993-A further MBO follows collapse of United Bus

1995-first production integral Excel single decks

1998-Optare launches its most influential and successful product, the Solo, successor to the Metrorider

2001-innovative and good looking Alero goes into production but early examples suffer from reliability issues

2000-North American Bus Industries buys Optare and collaborative working starts

2004-Optare launches full size Tempo

2005-a third MBO secures Optare's future in the face of problems at NABI

2007-first production models of Versa arrive. Proven technology but some argue it's over-engineered and expensive

2008-Darwen Group chairman forms investment company Jamesstan to purchase Optare




There is also some archived (negative) comment at that same site regarding Darwen's purchase of East Lancs Coach co


But that was October. Scope maybe for some newer contributions?

m.t.glass
13/3/2008
06:47
presumably this has been deliberately done before the end of this tax regime 5/4/08.Tax advantages
9degrees
12/3/2008
22:00
intriguing isn't it ;o)
m.t.glass
12/3/2008
21:54
Mmm what happens next I wonder ?This is a bit like buying up snorkel and upright - only separate entities .
9degrees
12/3/2008
21:20
Some of the current Optare buses and coaches..


Website

m.t.glass
12/3/2008
20:53
Wow. Optare is quite a high profile name, known to everyone in the bus business and familiar to a lot of people outside that business. I see their buses everywhere. Bought by Stagecoach, Arriva, First, and numerous other services. They recently set up a dealer network in the USA. Some very smart designs too. A nice name to have within the camp - even if not directly part of Darwen Group.
m.t.glass
12/3/2008
20:45
The Board of Optare Holdings Ltd has today announced that it has reached agreement to sell the entire issued share capital of the Company to Jamesstan Investments Ltd, an investment company controlled by Roy Stanley, the successful North East based entrepreneur, for an undisclosed sum.

Optare has successfully operated as an independent company in the bus and coach industry since it was purchased from North American Bus Industries Inc, by a Management led team in July 2005. Since that time the Company has continued its innovation-led product development strategy in launching the Versa and Solo SR and has seen a significant increase in its share of the UK 's heavy duty bus market.

The change of ownership will continue Optare's independence whilst providing a platform for further business growth in the UK and European markets with the support of a financially strong holding company. Significant opportunities exist to develop Optare's current bus range by offering alternative environmentally friendly propulsion systems. Tempo and Versa hybrid diesel/electric buses are currently being developed, which are expected to further reduce the class leading low fuel consumption of the current bus range offered to customers.

Bob Coombes , Group Managing Director, and the rest of the Management Team, have committed themselves to remaining with Optare and providing full continuity for employees, customers and suppliers. Russell Richardson, Chairman of Optare Holdings, will join the board of Jamesstan Investments as a Non- Executive Director.

Mr Stanley, Chairman, and a significant shareholder in the AIM listed companies, The Tanfield Group Plc and Darwen Holdings Plc, said: "I am committed to the future of bus making in Britain and believe that Optare has an unsurpassed range of buses – all to its own innovative design and based on full, integral construction. This was a rare opportunity to acquire such a dynamic business at a time when it is poised to win even greater success in the competitive UK market and also to win more sales in Europe .

"I will be giving Bob Coombes and his colleagues all the support I can to maintain their winning formula and am pleased that Russell Richardson will be making his expertise available to help me steer the Optare business in the future", he said.

Russell Richardson said: "This agreement means "business as usual" for all of Optare's stakeholders – employees, customers, suppliers and others alike – and it is a pleasure to announce the successful conclusion of this transaction. I have great respect for Roy Stanley and I am certain he will help drive the business forward from the excellent position it is in today reflecting the Optare team's considerable achievements in the past three years. I am delighted that I will continue to be involved in the Company's future success."

the beef
12/3/2008
18:45
STLA I have been told the same.
tevezunited
12/3/2008
09:31
I wonder if this is one of the stocks that might recieve a fillip from the chancellor today in his budget speech? He is sure to say something about vehicle emissions and will quite likely amend taxes in favour of hybrids. Is that good enough reason to be holding this stock today?

Budget thread is at

m.t.glass
11/3/2008
08:08
the next step will be an acquisition and a placing.
sharethelovearound
10/3/2008
14:18
Paulcaine
Per FT 22 february 2008 Turnover £30m Pretax profits £2.4m.
170 buses sold last year. production increased to 6 per week and hope 10 by year end . Staff reduced to 250 from 350 and cost of redundancies included in figures to Oct 07. Soon expected to move to larger premises having sold and leasebacked existing premise for 18 months from Nov 07 at £200k pa.
Everything to play for . Looks like another possible coup by Roy Stanley

9degrees
10/3/2008
12:35
Does anyone know what the future forecasts are for Darwen?
paulcaine2003a
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older

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