Nestor Healthcare Share Discussion Threads

[miikke] 18/10/2010 20:30

Not sure but here's my guess... a bit of bookeeping on a company's part- they may know whats happening- we don,t and they are getting things sorted between different parts of their business before the next public announcement.
Whether that will be a new offer or a termination of talks...well, I have no idea.

[pstubbs50] 18/10/2010 10:45

Why the big sales going through - anyone got any thoughts? Is a very strange time to be selling imho

[killieboy] 11/10/2010 19:50

Agree - all over bar the shouting (and the price!!).

[cockneyrebel] 07/10/2010 11:46

Yep, I'd say todays statement is a last call to other bidders imo.

I'd say Acromas get the co for 105-110p if there's no other bidder.

Looking at the trades this am I'd say Acromas are taking what they can get at this level and know it's a win win for them - they either pick up shares below the current £1 negotiation price or they sell on to another bidder at a higher price.

It's job done now tho imo - just how much over the 100p level gets paid.

T/S from NSR due at the end of the month - reckon we'll only need to wait till then for Acromas final price or news of another bidder imo.

CR

[killieboy] 07/10/2010 11:42

The market works in mysterious ways - hold out for >100!

[pstubbs50] 07/10/2010 11:37

Interesting to see a couple of 75000 sells go through. Why would you sell at this point? Doesn't make sense...is it just normal profit-taking?

[mg1982] 07/10/2010 08:51

Ratel, Blackstone are aware that NSR are in talks with Acromas, how can they not be, when they are just as keen as Acromas to acquire the same businesses? They a) are either waiting for those talks to advance so that they can then assess if it is worth paying more, b) they are not interested as they do not think NSR would fit into their strategy (for whatever reason) or c) they are well aware how much schroders and gartmore each hold and may even approach one or maybe even both for 'advice'

waiting game but it will be worth it.

[fishbournetrader] 07/10/2010 08:51

Thanks for that. This is what I suspected and really the reason that I have not bought more - balance of risk.

[mg1982] 07/10/2010 08:46

fish it has to be a formal bid before it rises to the figure the company is willing to pay - the % away from that figure is because person A is not willing to gain a 7% (estimate) gain with a potential 15-20% loss if no agreement is made.

[ratel] 07/10/2010 08:37

I believe that statement is intended for other eyes than ours. Blackstone maybe, if the speculation of mid-September is a guide?

[fishbournetrader] 07/10/2010 08:36

With every other company that I have been involved in which has had a bid the share price has risen to the bid price or higher. Whilst the 100p may not be a formal offer I am surprised the offer price has not risen higher then the current 95p. Any ideas why?

[nellie1973] 07/10/2010 08:13

Yes, they are "meeting the board." Obviously interested!

[cockneyrebel] 07/10/2010 07:19

There you go :-)

Rejected 90p, talking at 100p, will accept 110p imo.

CR

[robomart] 07/10/2010 07:15

i thinkso! £1++ soon easily

[kimball808] 07/10/2010 07:09

negotiations now to begin, £1 today???

[cockneyrebel] 06/10/2010 12:52

nearly testing the recent high - any sharp rally might make the co come out and fess up to a revised bid imo.

Cr

[gswredland] 06/10/2010 12:32

Buying 100k at that price- someone knows something!!

[cockneyrebel] 06/10/2010 11:01

Chart is making another leg up here imo.

100K bought @ 90p today.

CR

[riskier] 06/10/2010 10:53

Quick topup (at 89.9p) for me. Think revised offer of 100p will be announced soon. DYOR etc.

[mg1982] 06/10/2010 08:16

the market is weary as the company hasnt given any update since its initial announcement - rags are still rumours until confirmed by the company, although once its confirmed don't expect to get in cheaper than this!

[trendfloor] 06/10/2010 08:13

Would have thought these would be higher than this from the off.

[mg1982] 05/10/2010 22:21

Acromas would get a bargain if they took out NSR for 100p, i would be very surprised if blackstone, gartmore and schroders didnt put up a fight

[ross k] 05/10/2010 22:01

Cheers for spotting the article.
Good news for us shareholders, but with the way the buisness is preforming of late would we get better value down the line rather than now.

RK

[trendfloor] 05/10/2010 20:42

May start a bidding war.

[trendfloor] 05/10/2010 20:35

Just off the press floor........

Nestor Healthcare jumps on talk of raise offer
Nestor Healthcare was back in the spotlight amid talk that its suitor has significantly raised its takeover offer for the business.

Published: 8:05PM BST 05 Oct 2010

The chatter is that Acromas, the company behind AA and Saga, has increased its bid for Nestor, down 3¼ to 86½p, from 90p a share to 100p. The move comes after Nestor rejected Acromas's offer of 90p a share in August.

Sources said that although Nestor's board is now minded to recommend Acromas's offer, some shareholders are keen for the business to hold out for a price of between 105p and 110p a share.


Indeed, The Sunday Telegraph revealed that Acromas has been holding tentative negotiations with Allied Healthcare after it appointed advisers from US investment bank Oppenheimer to look at "strategic options" for the group. Sources, though, cautioned that Acromas has yet to make a formal offer for Allied Healthcare.

Overall, the FTSE 100 jumped by 79.79 points to 5635.76 and the FTSE 250 surged by 118.15 points to 10681.96.

Joshua Raymond, market strategist at City Index, said: "Better-than-expected service sector data out of the UK and eurozone helped indices across Europe. News that the Bank of Japan may expand the size of funds its uses to buy assets and stimulate its economy is also boosting stock demand."

British Airways climbed to the top of the blue-chip leaderboard after better-than-expected traffic figures. The airline's shares surged 15½ to 254.6p after it revealed a 1.3pc increase in revenue passenger kilometres for September, helped by an increase in first and business-class travel. The rise is the biggest gain since August 2008, the month before the collapse of Lehman Brothers.

Citigroup upgraded technology group Invensys to "buy", which helped the shares gain 9.2 to 307.2p. Mark Fielding, an analyst at Citigroup, said: "Concerns over its late cycle nature and the risks to growth in rail have weighed on the shares over the last year. However, our analysis suggests continued growth... at rail. When this is combined with recovery continuing across the rest of the portfolio we see renewed attractions in the share."

InterContinental Hotels Group advanced 19p to £11.46 as JP Morgan Cazenove gave the stock a push on valuation grounds. Tim Barrett, an analyst at JP Morgan Cazenove, said: "The outlook for 2011 is favourable and likely to be an increasing focus for investors after Marriott and Starwood publish 2011 guidance with their third-quarter results. We believe low supply growth in 2011 is likely to support [revenue per available room] growth of between 5pc and 8pc in 2011."

BT Group put on 2.7 to 148½p amid talk Ofcom will this week announce a decision on superfast broadband that is likely to be favourable to the telecoms company.

Tui Travel rallied 9.1 to 225.9p after it said in a trading update that it had a good summer and bookings were picking up. Elsewhere in the sector, rival Thomas Cook increased 6.7 to 179¾p.

Hedge fund group Man Group perked up 9½ to 227.1p after it said its Athena Guaranteed Futures rose 0.55pc last month and had risen 10.5pc over the past 12 months.

Gold mining stocks were in vogue as the price of the precious metal flirted with a fresh high. Randgold Resources climbed 195p to £66.55.

Rising risk appetite gave base metal mining companies and banking stocks a lift. Anglo American put on 103½p to £26.41 and Barclays edged up 9 to 308.8p.

Aviva advanced 3.4 to 396.2p despite the fact that Bank of America Merrill Lynch argued that the latest "bid" related spike in the transport group's shares will unwind as the likelihood of any corporate activity lessens.

On a less positive tack, Inmarsat fell 26 to 629p. After the market closed yesterday, Harbinger Capital confirmed it had sold 65m shares - about 14pc of the company – at 630p a share in a move that raised £410m. The share sale was larger than expected and triggered speculation Harbinger could sell the rest of the its holding once the 180-day lock-up expires.

Among the smaller companies, Computacentre jumped 22.9 to 322.9p as Investec upgraded the stock to "buy" from "hold". "We believe earnings quality has improved through operational efficiencies, managed services traction and cost savings. The outlook suggests a continuation of these trends, reasonable revenue progress and modest forecast momentum," said Julian Yates, an analyst at Investec.

"Buy" advice from Barclays Capital lifted Carphone Warehouse 3¼ to 266p. Karen Howland, an analyst at Barclays Capital, said: "We expect Carphone Warehouse to report another set of strong figures during its second-quarter results on November."

Homeserve also rallied 17.1 to 459.1p after Credit Suisse took up coverage with an "outperform" rating and a 720p price target. Analysts at Credit Suisse said: "HomeServe offers one of the most compelling combinations of growth, profitability and value in Europe."

Weir Group put on 33p to £14.86 as Bank of America Merrill Lynch argued it is likely to offer "superior growth" in an economic cycle that is "settling down".

However, oil services company Wood Group slipped 3.3 to 424.6p as Morgan Stanley downgraded it to "equalweight". "The recovery we identified in engineering as the key 'swing factor' for its earnings recovery in 2011 is being priced in," said Martjin Rats, an analyst at Morgan Stanley.

Vallar, Nat Rothchild's investment vehicle, is still trading below its issue price of £10.00 a share. When Vallar floated in July, investors had high hopes for the financier's plans to consolidate some of the mining sector. However, Vallar, up 15 to 920p, has failed to carry out a transaction since its float and some investors are preparing to kick up a fuss if the shares fail to move higher.