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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dobbies Garden | DGC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,265.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,265.00 | 1,265.00 |
| Top Posts |
|---|
Posted at 13/4/2008 09:24 by mike24 the majority of investors may have regretted not accepting T's offer,there are serious concerns on consumer spending,the fundraiser will leave dob labouring under gearing of 200% with 150m for expansion, that leaves value in prop holdings?which are in decline maybe as much as 20% liz hull this w/end bedding plants down from 3.99to 1.99 which could prompt a crisis in horticultural ind, with producers throwing away massive amount of plants another grower said this this is about life & death for uk horticulture, this not about doom&gloom more common sense,the real crisis emerging is to the uk transport industry on its knees,foreign haulage co,have 30% lower costs as the euro-plan to let them operate on a big scale here |
Posted at 08/8/2007 07:52 by wahlenm post 129. I have now established that unless Sir TH makes a bid Tesco cannot increase its bid above £15.00. I do not see it being successful at this level even in obtaining 50% of the shares in which case it does not even have control. I agree with Genglephus that investors have short timescales but surely it will not be lost on institutional investors that Sir TH has enough to keep a market in the shares going. I believe that after 6 months Tesco can come back with a bid above £15.00 and Sir TH can come in with a bid below the £18.45 that is the minimum he could bid at now. I believe the current price to be a good one for shareholders but like Genglephus I do not want to sell. There are only 10 Million shares and a bid by Sir TH now at £18.50 would surely result in him being outbid by Tesco at say £19.00. This means that Tesco could have the company for £40 million more than their current bid (£19- £15= £4 x 10 million shares in issue) chicken feed to Tesco and they can get on with things now not six months later. Other views? DYOR |
Posted at 07/8/2007 10:07 by gengulphus Stalemate forever would suit me fine. It's a good company and I'd like to continue owning part of it. If Tesco and Tom Hunter each own 25-30% of it, there's still enough around for others, and plenty of opportunity for future competition between them to take it over...However, a plausible scenario is that Tesco extend the deadline for their offer (I cannot imagine them not doing so at this point), Tom Hunter decides not to bid, as a result the share price drops below 1500p, and then a lot of other investors accept the Tesco offer. Tesco end up with more than 50%, so have operational control; Tom Hunter ends up with more than 25%, so Tesco don't have full control; everybody else no longer really counts at all, but is just along for the ride. Of course, under that scenario, Tom Hunter effectively gives up the chance ever to get the company... So basically, if he decides not to bid at this point, his prospects of doing so in the future are purely in the hands of third party investors deciding whether to hang on to their stake and hope he does so later (to be precise, at least 6 months later) or to take what they can get for it now. Given the often short-term way in which investors often make that sort of decision - especially investors attracted in by the bid situation - that's a considerable risk, and so an incentive for him to bid now. Gengulphus |
Posted at 06/8/2007 11:41 by spongman From the 10.07 news update .... "Dobbies' shares are continuing to trade well above the offer price, with investors apparently believing a counter offer from Hunter will be forthcoming. Under Takeover Panel rules, Tesco cannot raise its offer unless a competing bid is made." Surely, if that last sentence is correct, then that's game over isn't it? Sir TH's spoiler has worked. why would he bid up to these sort ofprices when he can sit back and let the price fall when Tesco goes away then average down at some future point and make a bid lower than this. Anyone any opinions? TIA Regrds $pong |
Posted at 15/6/2007 23:18 by tuffbet loafofbreadStill on hols so shouldn't be here hence very brief response. Thanks for compliment. Hope you won't take this the wrong way but because ever investor is so different in every respect ie temperament, time horizon,depth of pocket, patience I don't think it's a good idea to exchange trading ideas. A stock or trade that's right for me could be so wrong for you and vice versa and you don't know what my motives are which could be on occasion contrary to your best interests. More often that not I post just as an antidote to the majority of stuff I see which I think is dangerous reading for the inexperienced and sometimes I post out of frustration with either myself or the markets -so I don't take anything I write very seriously and I don't want any one else to either - best of luck keep doing your own research. On the more intersting subject of DGC and the bid ,like everyone else I have no way of knowing how this is going to end up but I would like to see private investors saya to TH ...look if you need more shares to counter the Tesco bid you can have mine - silly as it is one of the reasons I don't want to sell any is that I hate the thought of them ending up in Tesco's hands. I am not a big fan at all of out of town malls,large supermarkets etc and prefer to spend my money supporting local shops and farmers whenever I can even if it costs me money - it's a sacrifice I am more than happy to make because some things like talking to the owner of a local shop about his wife's health etc you can't put a value on. Sorry starting to pontificate so will shut up and go. My best guess is this should go higher based on two determined adersaries with deep pockets but who knows I have no more than a 50:50 chance of being right and that's not good odds. Back to the hills,the midges,the heather and the weather and to ponder why, for some,instant gratification is not soon enough. |
Posted at 31/3/2006 11:32 by spaceparallax Well, it looks like my Sp predictions of a few months back have proved to be a load of cobblers - investors seeem hot for this one. Good luck to all. |
Posted at 15/2/2006 14:59 by bigbertie yes I wasn't expecting this jump. However they are building up quite a portfolio of big retail sites (and the one's I've seen have been in good positions) so big investors may be happy to take a stake - if Dobbies can't make good money out of them someone else will probably have a go. There seems to be lots of private equity money around at present too. I'm holding. |
Posted at 24/4/2005 10:29 by bigbertie I visited the new Stirling site on Wednesday and was most impressed by the building and the products. It was lunchtime and the restaurant was very busy - the site is near big insurance offices and other industrial / office buildings. The food shop is top class. As an investor I'm very happy - the last few days of beautiful weather must have helped sales. |
Posted at 26/11/2004 16:02 by gengulphus Being tipped in the Investors' Chronicle this morning might have something to do with it...Gengulphus |
Posted at 10/2/2004 15:27 by tuffbet A good set of results from a really solid company.You only have to visit their sites ,at any time of the year to see this is a growth sector and Dobbies have the management and I believe the systems capability to increase market share . It may not be politically correct to say this but their clientele is that lucrative 50 - 80 age group who have ,in many cases inherited capital and\or have no mortgage debt so they are discretionary spenders with plenty of positive cash flow .Many of them sit at home and watch the TV home and garden improvement shows which now seem ubiquitous and then, come the first dry day or hint of sunshine, they load their wallets into the boot of the car and are off down the garden centre for that wee item the saw on TV . Of course when the get there they just can't resist spending on something else that catches their eye and thats followed up of course with a tea \coffee and some scones - its a great niche to be in . One miserable Sunday morning a week or so ago I sat in our car in the car park of a rivals garden centre (not one I rate as highly as Dobbies ) and I was astonished to see that the fairly sizeable in fact large car park was almost full . In general it was a day when you would expect most people to be indoors ,the roads were quiet and yet this place was buzzing - cars were coming and going in an almost endless steam and frankly I couldn't think of another type of business which would have been experiencing a footfall like that on such a poor day at that time of year. It was also interesting to see that as per my own experience at Dobbies and other garden centres the average age of the shoppers was well into the "grey band" and , if the capital value of the cars was anything to go by there were plenty of well healed individuals who wouldn't have to think twice before buying anything - I doubt whether any of them could remember what the word budget means . The possibilities for expansion of this type of business are simply enormous and I therfore don't doubt that there is more than a grain of truth in the speculation that Dobbies are prepared to extend their banking facilities in order to grab market share whether organically or by acquisition . The management could of course screw up the opportunity but there is no sign that they are likely to do so and given the fairly low stockmarket profile of the company and the relatively undemanding rating for the stock growth in the share price should at least keep up with growth of the business . If this was a tech stock it would be on a PE 2 or 3 times the current level and the risk of course would be considerably higher. If the investmnt world made sense you would pay less to take on high risk and more to buy into a nice solid company in a relatively non volatile almost recession proof sector and yet the reality is that investors continue to do just the opposite ie pay more to buy a share in a high risk business and ignore the opportunity to pay much less but get more ! Strange ,but thats what I call opportunity, so I am not complaining. Thats the position at the moment of course but once the press pick up on whats happening in this area and recognize the investment potential we will soon be saying "if only I had bought more BEFORE the herd arrived." The stock markets funny in that respect in that it is characterized by what I call the "BMW syndrome" - for those not old enough to know what I mean a decade or so ago when BMW were struggling to survive they had the bright idea of increasing the price of their cars in order to make them more exclusive and it worked - sales shot up. The private investor and to an extent which would surprise many even the professional investor gets drawn in when prices are rising because humans like to be part of the herd and the confirmation that others are buying the same thing creates a virtuous loop - prices rise the Sector gets more publicity more people are drawn in convinced they are missing something and prices rise until eventually there is no value left and the bubble bursts . I think the sector is a buy Dobbies are a buy and the herd are still along way from arriving . Just my own opinion I would not encourage anyone to buy without doing their own research and I welcome any comment ,adverse or otherwise |
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