Forth Ports Share Discussion Threads

[gateside] 19/3/2007 19:17

Supprised it's so quiet here today.

I see this as an excelent investment, good long term prospects, but any weakness in price and it is most likely that someone is going to make a bid.

[gateside] 19/3/2007 19:14

Forth may be takeover target

[ed 123] 19/3/2007 10:26

The market may be agreeing with my take. Initial mark down but then steady climb. Now up 21p - nice.

[ed 123] 19/3/2007 09:32

The results were not scintillating and make a takeover more likely imho. The major shareholders and the potential bidders will be studying the detail and coming to conclusions. Do the former want to hold out for a slow release of value? Will the latter offer enough to clinch a deal?

[ed 123] 19/3/2007 08:08

May see a bid soon .....

[ed 123] 16/3/2007 15:48

The Friday afternoon buyer is back.

He'll get his timing right one day .......

[ed 123] 16/3/2007 10:52

Thanks, Gateside.

Looking weak today. Traders betting on "no bid" and hoping for a small sell-off?

There has been a lot of rumour for there to be no bid ... eventually. Monday may well bring results in line and an uplift on the valuation of the property side. That should be good enough. One day the ports and property sides will be separated. If a bid hasn't come before that day, it should arrive soon after, imho.

I'm continuing to hold. I wouldn't be comfortable to be out of this one.

[gateside] 16/3/2007 09:15

Dresdner Kleinwort rated Forth Ports a "buy" ahead of annual results due next Monday. It said the focus will be on whether the group has won planning permission to develop its site in Leith, and on the results of a new land-bank valuation that was completed in December. The last audit, done in August 2005, valued Forth's property at £285 million. On trading, Dresdner said that earnings should be flat at the ports division, which the broker forecasts to return to growth in 2007. Dresdner said its "buy" stance was "based on the corporate activity in the sector" - a reference to the takeover speculation surrounding Forth for the best part of a year.

[prankster2] 09/3/2007 18:36

team spirit,

That's exactly what I was thinking, the lower the price the bigger the bargain it became. A link that may explain a little bit about the double listings:



Thanks for that Ed 123, 2,700p is a very realistic price if a bid did come in, when sentiment in the markets were more buoyant prior to this pullback, the price target that I had for the stock was 2,680p, as I have the stock to beat the brokers forecasts.

[ed 123] 09/3/2007 13:36

Thanks for the updated calendar, Gateside.

[ed 123] 09/3/2007 10:55

Well, the rumour is alive and well.

From The Independent:-

Mid-cap traders are still banking on a bid for Forth Ports, and there is speculation Royal Bank of Scotland has joined a consortium looking to bid for the last remaining independent UK port operator. The word is, 2,700p per share is the price being lined up as the stock closed 28p better at 2,104p.

Either the rumour has substance or someone wants to offload stock at a good price. Take your pick.

[team spirit] 06/3/2007 23:21

One point I forgot to mention is why do we have a british stockmarket as our share prices are dictated by what happens in the american market.

[team spirit] 06/3/2007 23:18

I think you are right prankster2,the market goes haywire from time to time the weaklings sell off thier shares which causes others to sell their shares the market gets hammered then just as quickly as it happens it finishes and before too long the share price quickly makes its way back up to near the figure it was at before the collapse.
The second point is that if the price whent below £20 it would be right for a takeover so in my opinion you are in a no lose position.

[prankster2] 06/3/2007 20:24

In again at 2039.25, as I wouldn't want it to go back to the top and beyond without having got some when the price was lower, I know you shouldn't buy shares that are going down but it works for me as I trust my stocks about 80% of the time.

[prankster2] 28/2/2007 11:31

Got my second stake just above 2100. This has been holding up pretty well amongst the carnage, it shows strength.

[alan russell] 21/2/2007 20:53

I have to say I (mildly) disagree with you Ed.

The bid story is getting long in the tooth and I feel each day that passes, against a backdrop of gradually increasing interest rates, makes it less likely that a bid will emerge. While I agree that the results should be good, they may merely serve to remind the market how far below the present price the value based solely on trading lies. Nervous holders may feel inclined to tip-toe towards the exit over the next four weeks.

Having said that I am happy to hold. Irrespective of what happens over the next few weeks and months, assuming no take over the share price in five years time should be well above the present level as the Leith revenue kicks in.

[ed 123] 20/2/2007 22:47

The rumour mill's gone quiet. Share price is starting to drift down.

The finals are only four weeks away. I don't see much weakness, if any, ahead. Can't see Forth dropping below 2100 before the figures. Results should be good and a revaluation of the assets might give further support.

Will the finals see Macquarie, or whoever, coming out?

[prankster2] 15/2/2007 20:10

Slow the thing down a bit, I've only got an initial stake on it below 2200. Was not monitoring it late on as it climbed and I need another stake to make it worth my while!

[ed 123] 13/2/2007 16:11

As you say, abcd1234, volume is low.

I feel that if the volume increased this would leap upwards.

May be another false dawn but at least it's heading higher.

[nigelbarker] 13/2/2007 16:04

it looks as if it might be it

[abcd1234] 13/2/2007 16:03

vol is still relatively low

[ed 123] 13/2/2007 15:52

Through £22 and looking good.

Is this it, at last????

[ed 123] 13/2/2007 15:36

Another little spike up and having another go at £22.

Come on, Macquarie, my beard's going grey!

[haydock] 10/2/2007 12:25

The Telegraph was virtually identical to the Independent comments & price, a couple of days ago as well.
They are usually an accurate barometer, stated that it was market sentiment.

I notice we rose at the end as usual friday, the money comes in for the weekend press releases, regularly on a friday afternoon.

[ed 123] 09/2/2007 08:01

More press comment today.

"... Forth Ports gained 1.4 per cent to £21.76, although traders said the rise had little to do with fresh takeover rumours. They pinned the advance on news that Cemex, the Mexican owner of RMC, had been granted approval to build a £27m port facility at the Port of Tilbury, which is owned by Forth.

Investec Securities said the news was further evidence that Forth should benefit from the 2012 Olympics and the regeneration of Stratford in east London."