New Star Asset Management Share Discussion Threads

[jamie62] 21/1/2009 09:40

no trades?

[doorway] 20/1/2009 16:23

now up!!!!

[yawn1971] 20/1/2009 15:15

So hold on to your hat and take a chance on this very bumpy ride then !
I hope you're right.

[jamie62] 20/1/2009 14:51

buys outweighing sells and the share price falls ...

[doorway] 20/1/2009 11:28

maybe their gonna write of the debt.

[sprattyken] 20/1/2009 08:58

Yes but post restructuring. RBS is one of the parties to this deal.

[doorway] 19/1/2009 22:51

well if there are bidders and we know there are..minimum 4p up to 10p

[yawn1971] 19/1/2009 16:53

Any suggestions as to where this one will go next ? Is it time to flip a coin ? Does anyone have a crystal ball ?

Hold or Sell and take the hit ? Bought at 4.2 ... ouch !

Any input/opinion is appreciated - Cheers.

[jamie62] 19/1/2009 16:25

that fall is not very helpful

[mister md] 19/1/2009 09:29

Lead bidder to emerge for New Star
07:59 | 19.01.09
A lead bidder for New Star Asset Management, the embattled fund management group whose banks agreed to a debt-for-equity swap last month, could be announced as soon as tomorrow, according to people close to the situation.

It is understood that the number of potential buyers for the business, which its lending banks are keen to offload as soon as possible, have been whittled down from nine to about five.

Schroders is understood to have submitted an indicative cash offer for the asset manager. Other bidders include Henderson, Gartmore and Neptune Investment Management.

Aberdeen is thought to have made a share offer for the group. All offers are conditional on a capital restructuring agreement with its lenders.

The banks, advised by UBS, are expected to make up their minds about the offers in the week ahead.

Financial Times

[sprattyken] 19/1/2009 08:11

Delisted does not been you lose your holding!

Paper shares will hold until it gets bought out or comes back to the market.

If you have CFDs the positions will be closed - check with your provider how they deal with that.

[doorway] 19/1/2009 01:11

there has already been companys that have showed intrest.

[maak128] 18/1/2009 21:05

yawn1971 - 17 Jan'09 - 22:31 - 1130 of 1131


What happens if a buyer does not come forward for NSAM?








nsam will go bang......... delisted

[ben gunn] 17/1/2009 23:08

Salonie
Thanks for that

[yawn1971] 17/1/2009 22:31

What happens if a buyer does not come forward for NSAM?

[asmodeus] 17/1/2009 17:23

No you're not. If you really were sorry, you would just delete the whole ramp, let alone repeat it on other threads - E.g ERX

[salonie] 17/1/2009 15:18

Yawn It all depends if the fund is sold and for how much, see an earlier post below:-

The first £100m will cover the preference shares on any sale. Then the baks own 75% of anything left over from the ordinary shares. Therefore if it sells for £150m, you are looking at £12.5m to ordinary shareholders after the banks take their cut. So excluding any debt you would be looking at 4p ish per share based on £150m sale. Should it go for £200m as reported elsewhere you may get 8p approx per share.

FWIW there have been suggestions of a sale between £100-200m. Time will tell
I hope this helps however DYOR as always.

[yawn1971] 17/1/2009 10:10

Doorway,

Are you really convinced these shares will fly? If so what target price are you expecting and when do you see it coming to fruition?

[the big fella] 16/1/2009 15:11

Sprattyken - 13 Jan'09 - 16:41 - 1091 of 1123


My understanding is that the "bids" being tabled are for a post restructuring buyout.

I'm quite surprised that the banks are willing to take such a hit on this. The Mail today said that the £110m or so would be for the banks and very little would make its way to the sh.

I'm therefore surprised again that the boys at NSAM (who have a fair number of shares) are also happy...

You seem to be overlooking the huge amount of debt these guys took on to pay themselves a divi last year. That was their payback and they knew it!

[jamie62] 16/1/2009 14:37

fingers crossed

[doorway] 16/1/2009 12:34

more sells than buys and price just ticked up...they are after your shares...this will fly within the mext week or so......

[knowing] 16/1/2009 11:23

It's Friday.

[jamie62] 16/1/2009 11:12

seems very lightly traded today