Gusbourne Share Discussion Threads

[gambler99] 22/12/2009 19:51

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[wurfapunt] 24/10/2007 21:58

No idea what's going on or when it's going to end! Equally interested general5.

[general5] 21/11/2006 09:51

Any ideas as to when GUS will come out of Suspension?

[spob] 08/10/2006 15:55

can do if you like.

i'll do something tomorrow morning

[enami] 08/10/2006 14:45

spob - thanks for the new HOME thread, are going to do one for Experian (EXPN)

[spob] 08/10/2006 13:47

will home retail group trade under the symbol HRG ?

[waldron] 08/10/2006 09:19

The Sunday Times October 08, 2006


Top rating for Experian float
Grant Ringshaw



EXPERIAN, the company that rates people's credit worthiness, yesterday bucked recent City jitters by pricing an £800m share offer near the top of the expected range.
Experian, which is being spun off from the retail conglomerate GUS, will become a new member of the FTSE 100 when it lists on the London Stock Exchange this week. The company will have a market value of £5.7 billion after it sold shares to investors at 560p - towards the top of the expected 475p to 610p range.



GUS shareholders will receive one share in Experian for every one they currently hold in the group, which includes Argos and the DIY retailer Homebase.

The 560p price was established by selling additional shares to existing and new investors. The funds raised will be used by Experian to reduce the £1.8 billion debt it is taking on as part of its demerger from GUS. Existing investors bought £275m of the new shares on offer, with new investors snapping up £575m. Home Retail Group, the remaining business, is expected to have a market value of between £3 billion and £4 billion.

Last year GUS took the decision to split itself up, arguing that a demerger of Experian was the best way to unlock value for shareholders.

Experian is best known as the world's largest credit-scoring agency, but its reach has expanded in recent years. It now deals with all sorts of valuable, and often highly sensitive, financial information - offering its services to corporate clients and, increasingly, to consumers.

As well as providing credit-ratings on companies, it also supplies retailers with information on customers' shopping habits and spending patterns.

About 60% of the company's turnover comes from America, but chief executive Don Robert recently told The Sunday Times that he was eager to expand into Asia, and in particular China. Official trading in Experian and Home Retail Group is expected to start on Wednesday.

[mr cornflakes] 08/10/2006 08:50

"Either way, the broker said he saw scope for disappointment with the demerger outcome in the short term."


I thought the demerger was supposed to be the in shareholders interests...?!?

[garybaldi] 07/10/2006 14:22

Looks like my prediction of 400p ( home) and 600p (exp) is going to be spot on then.???

[enami] 07/10/2006 09:43

from UK Analyst

GUS shares added 5p to 990p on its last day of trade before the demerger into the Experian credit checking business and Home Retail, the owner of Argos and Homebase. Both stocks are to list on Wednesday of next week. The talk was that the fundraising ahead of the relisting next week for the Experian business was going well. Evolution's retail guru Nick Bubb noted that, with GUS shares closing last night at almost 1,000p, it would be interesting to see the eventual valuations of Experian and Home Retail. He said that if the grey market price of Experian of 550p-560p was to be believed, the market was valuing Home Retail at well in excess 400p, which Bubb thought was much too optimistic. He valued Home Retail at little more than 350p a share. The broker said he thought that Experian was probably worth more than 600p, but he suspected that it would trade below that for technical reasons. Either way, the broker said he saw scope for disappointment with the demerger outcome in the short term.

[jackohelp] 05/10/2006 21:07

I'm looking forward to it Garybaldi!!

[garybaldi] 05/10/2006 19:28

I think it will be a 60/40 in favour of exp. cant see arg,(home) being valued the same as exp...we shall see. a few interesting days ahead. i think

[enami] 05/10/2006 16:06

Friday 6 October Suspension of listing of, and dealings in,GUS shares at4.30pm

Tuesday 10 October 2006 Demerger becomes effective

Wednesday 11 October 2006 Shares in ARG and Experian commence trading at 8am

[slyfox1] 05/10/2006 15:22

The split takes place at 4-30 tomorrow

[shoee62] 05/10/2006 15:11

when do the actual GUS shares split into the two companies - is it tomorrow friday or the following friday ?

thanks in advance

[enami] 05/10/2006 13:56

Just short covering I guess, could get complicated if you are short on a stock that is going to be split. Maybe HOME will tank and EXPN rocket next week, who knows?

EDIT

Yes I expect an equal number of shares in both new companies, haven't got a clue wthat theSP,s will be. Took up the EXPN offer just in case it goes up.

[slyfox1] 05/10/2006 13:49

I believe it to be 50-50 according to my broker on the 12th September. It may have changed since then, but I havn't been informed of any change.
What do you think of the hike today? Do you think it will continue tommorrow?

[enami] 05/10/2006 13:33

Well up ahead of the demerger at the close of business on Friday.
Has anybody got an idea as to the split between HOME and EXPN?

[enami] 04/10/2006 16:45

Hi guys, the EPIC codes after the demerger are as follows. Could not find this info anywhere in any RNS, so emailed GUS investor relations.

HomeRetail Group will be HOME
Experian will be EXPN

[garybaldi] 04/10/2006 14:42

I think , 400p for arg. and 660p for experian.

[ccnp] 25/9/2006 17:20

many thanks Barry

[barry11] 25/9/2006 13:27

I believe the way it works is:

The maximum cash you can pay is the amount of shares you currently hold X 69p, so if you have 100 shares you would pay £69

That is then divided by the offer price to calculate the number of shares you would get . So at 610p it would be 6900/610 = 11.3 (or 11 rounded down)..
At 475p it would be 600/475 =14.5 (14 shares)

It is confusing as an email from etrade to me got it wrong and NatWest have sent out a 'further clarification' letter

Hope this helps

[ccnp] 25/9/2006 12:27

does anyone understand the experian offer?

it seems you pay 69p per share for the right to buy an unspecified number of shares at an unspecified price in a bloody enormous range that includes a too silly for words price.

scam ?????????????????