Mitchells & Butlers Share Discussion Threads

[pinkie] 06/1/2012 16:42

Morgan Stanley tells clients that these are cheap and have a target above £3

[retford1] 06/1/2012 15:41

Ello ello what's going on ere then?

[hugh garss] 19/12/2011 14:35

It would be nice to think that this will be beneficial to existing holders, but something tells me it wont. I refuse to sell him my shares for a penny less than 350p, unfortunately he can buy as many as he wants at 230p at the moment.

[libertine] 19/12/2011 10:16

Piedmont Inc still increasing holding???

[careful] 22/11/2011 08:39

good results.
good to retain the divi.
makes company stronger and increases share price.
if you need the cash sell a few.

[togglebrush] 22/11/2011 08:10

Final Results and still NO DIVI

[careful] 21/11/2011 11:37

No one posts here anymore.
but these are very cheap so i topped up today at 217p.
results tomorrow, heres hoping.

sometimes by best purchases have been made in quiet stocks when no one was watching.

[milacs] 30/10/2011 12:25

I usually go with my wife to a Sizzling pub in my neighbourhood.

Recently the portions have become smaller and the price increased. In addition the decor, cleanliness and food availability have worsened.

Wonder if M&B are reducing their standards.

M

[hugh garss] 13/10/2011 15:52

Good idea libertine - it would be nice to be rid of him.

[libertine] 13/10/2011 14:07

If Lewis values the company at no more than 230p share, I`m sure there must be someone out there who will offer him that for his holding. He can then buy another yacht.

[careful] 13/10/2011 11:52

i would have thought that lewis withdrawing his offer was a good thing.
the whole deal had a stench to it, a concert party possibly.

[jeffian] 15/9/2011 14:28

In a 'normal' situation one might think so, but the danger here is that Lewis teams up with other major shareholder Magnier and they take it private on the cheap. This is exactly what happened at recruiter OPD where the Chairman and his cronies teamed up with a Private Equity fund and did just that - they came in with a low-ball bid and already had over 50% of the votes tied up when they announced the bid. If there is a 'concert party' behind the bid, minority shareholders will get stuffed.

The sad thing is that MAB is one of the best-run pub retailers at the operating level and has some of the best sites. It must be soul-destroying for the blokes at the coal-face watching their Board of Directors jockeying for personal gain rather than focusing on driving the business forward.

[retford1] 15/9/2011 12:22

Well, looks like the next offer needs to be >300p

[irenekent] 14/9/2011 06:54

Absolutely outrageous. Four years ago this company was trading at over 800p. The accusations of a concert party combining to bid for the company are likely to re-emerge. Lewis has hopefully had his bluff called, but the company now needs to get its act together pretty sharpish. Bad management has brought us to this situation.

[careful] 13/9/2011 16:46

at the least the market is not looking so bombed out.
lewis and his chums were gambling on a crash i reckon.

[careful] 13/9/2011 07:48

just confirmed in todays dt.
it is joe lewis.
a scandal, how can this sort of thing be legal.

[careful] 13/9/2011 07:37

I hope the big shareholders of mab are not trying to work a stunt here.
they have lots of voting power and could steal the rest through a bogus vehicle.

[togglebrush] 13/9/2011 07:29

Mitchells & Butlers Response to Piedmont

RNS Number : 1160O

Mitchells & Butlers PLC

13 September 2011

extract

Recommendation

The Independent Directors, who have been so advised by Ubs Investment Bank, unanimously believe that the terms of the Possible Offer significantly undervalues the Company and accordingly would not recommend an offer, if made, on such terms. In providing advice to the Independent Directors, UBS Investment Bank has taken into account the commercial assessments of the Independent Directors.

This statement is being made without the agreement of Piedmont.

[hugh garss] 12/9/2011 22:48

230p they're having a laugh!

[timbo003] 12/9/2011 22:16

Talk about an opportunistic bid from Piedmont

Absolutely Zero chance at that price, i.e. 230p!!!!!

[jeffian] 19/7/2011 11:25

I'm no great supporter of MAB but where is shanksaj coming from in post #334? That calculation bears no relation to any PER calc that I've ever seen used. The PER is the current share price divided by Earnings Per Share. It's completely arbitrary to add debt onto the share price. If debt, why not make a corresponding adjustment for assets? You can argue about how useful PER's are as an analytical tool but re-writing the rule book is cheating IMHO!

btw, talking of debt, MAB's Net Asset Value (assets less debt) is around 268/share which gives some support to the current price. Darling of the retail sector, Next, whose shares trade at £24, has a NAV/share of 125p.....and most of its 'assets' are liabilities (leases)! Take your pick.