Nsb Retail Share Discussion Threads

[pinkfish] 16/12/2007 15:44

Going over possible outcomes - will look to add on any weakness and may do Monday in any case for an arbitrage position.


Good luck all for 2008........

[pinkfish] 16/12/2007 13:34

No press?

Trying to stop the price running away from a low offer?

[joey_the_lips] 16/12/2007 11:24

NSB up on bid approach
Related Companies
NSB Retail
Related Indices
FTSE All-Share
FTSE Small Cap
techMARK 100
techMARK
Related Sectors
Software & Computer Services

Date: Friday 14 Dec 2007

"LONDON (ShareCast) - Shares in retail software specialist NSB Retail climbed sharply today after the announcement of a bid approach just before the close of trading yesterday.

"The board of NSB has noted the recent rise in the company's share price and confirms it is in discussions which may or may not lead to a recommended cash offer being made for the company," it said in a very brief statement."

In September, the US-focused group posted interim revenues up 8% to $46.0m (2006: $42.5m) with profit before tax up by 49% to $10.6m (2006: $7.1m). "


Just in case you thought you were dreaming. LOL

charlie

[boadicea] 16/12/2007 10:07

TT2 - Almost certainly something like that but as the perpetrators will have been as devious as possible it's probably not worth trying to be too specific about the exact mechanism. Former RTD holders will recognise the pattern. The basic point to be made is that the pre-offer base price should be taken as ~28p and not 23p and the median offer (still low) at a 60% premium is around 45p.

[a0152232] 16/12/2007 10:05

Cal, TimTom, LOB etc.
I agree very much that 50p is an absolute minimum & I would hope for more.I will not vote to accept anything less than 50p.

If we find a deal has been done in the 35/45p range it should be a case for the FSA.However as we know they are totally useless so I don't expect any help there.
Why aren't DKW shouting about this, getting articles in the paper & drumming up more interest for counter bids? That's what they are meant to do or are they in on a deal?

I have a nasty feeling that the small shareholders are going to get shafted but hopefully I'm wrong.

[timtom2] 15/12/2007 21:35

Thoughts, probably also posted by a.n other holder or 2:

1) The price has recently been pushed down (somehow) to make a low offer look good.

2) The buyer wants to get an offer accepted prior to the results whenNSB might get a slight re-rating if the results and forward look are good.

The buyer obviously wants NSB as cheap as possible.

Were there some sales from Hermes or the BT Pension fund a short whle back, some of which where then bought back by the fund??

Could that have been part of a share price price pressure ploy?

[pinkfish] 15/12/2007 19:14

The poster who said the BT Pension will benefit is right. They account for a few per cent and it would be a backdoor way to help reduce the deficit a little - if it is BT........

[calamity] 15/12/2007 17:41

Now I must go and watch........Strictly Come Dancing.....

[loafofbread] 15/12/2007 17:05

If anyone is interested or wasn't here, below is the old BT deal. Notice the date 19 Dec. End of financial year obviously a good time.

This deal took 12 months of talking before it was signed and hit the market without one leak or whisper!

Food for thought?

Nsb Retail Systems Acquisition




RNS Number:4632T
BT Group PLC
19 December 2003

19 December 2003


NSB Retail Systems PLC BT Group plc


Sale of NSB's UK Operations to BT and exclusive Distribution Agreement

The Boards of NSB Retail Systems PLC and BT Group plc announce that they have
reached agreement for BT to acquire NSB's principal UK operations for cash
consideration of #17.0 million and to become NSB's exclusive distributor in the
UK and Ireland.


The principal terms of the Transaction are:


* BT will acquire most of the UK business assets of NSB in a cash deal worth
#17.0 million.


* BT will become NSB's exclusive distributor in the UK and Ireland.


* BT will become NSB's non-exclusive distributor in other territories in
Europe, the Middle East and Africa.


* BT will take responsibility for NSB's rights and obligations under its
existing customer agreements.


* 148 NSB employees will transfer to BT.


* NSB and BT will work together in the future to develop new products and
services for retailers of all sizes.


* NSB will retain all the rights in its existing and future software.


* NSB will receive licence and support fees from BT based on BT's sales of
NSB software.


* 10% of the consideration (#1.7 million) will be retained to be paid
contingent on achieving specified transition milestones, and the total
consideration amount may be adjusted to reflect working capital movements
prior to closing. An adjustment will be made if the working capital deficit
is greater than #1.0 million or if there is any working capital surplus.


* The Transaction is subject to the approval of NSB shareholders at an
extraordinary general meeting to be held on 5 January 2004. Shareholders
owning 54.4 per cent. of NSB's shares have irrevocably undertaken to vote in
favour of the Resolution.

[boadicea] 15/12/2007 17:00

Recommended offer price? I guess 45p - and that's a steal.
Personally, I wouldn't vote in favour but unfortunately that'll almost certainly be irrelevant.

[calamity] 15/12/2007 16:45

And lets face it....right on top of Xmas....why not wait until into the new year and after the year end provisional statement........they seem to want to get it done and dusted before any announcement........talk about cunning.....

[calamity] 15/12/2007 16:42

I just wonder in these periods of cash bids for companies such as this....whether there are any tradesmans door...acka back door collusions with such as all the large holders.....management....and Canadians.....like...accept our offer and we'll pay by other means to you the difference in what it should be and what we agree on publicly.......I..just...wonder.....I do not trust any management to do the right thing for the masses of small shareholders.......especially when this has been kept down in my opinion artificially to serve some purpose.....still think the likes of the Canadians...Nickie Beckett herself....Moorer and others being involved here........even the late chairman Abrahams stepped down recently....perhaps he got wind of something going on and didn't want to tarnish his reputation and being involved.........theories abound......

[loafofbread] 15/12/2007 15:36

No press today.

Let's hope one of the sundays has a story.

I still think it's a done deal and we will hear next week.

If it's a good price that's it, rubbish price might see more interest!

[timtom2] 15/12/2007 15:05

Anyone seen anything in the press?

BT could pay 56p and:

1) help reduce it's pension deficit save having to pump more cah in directly
2) keep all UK license revenue in house - helping to fund the purchase
3) Get all the benefits of NSB as per post 3138

What about tax losses to set against future profits?

56p - a bargain.

[timtom2] 15/12/2007 15:02

Why would 56p be out of the question?
They have no liabiities, cash in bank, strong cashflow, balance sheet to die for, growth market, growing geographical presence........worth every penny.

[shaunx] 15/12/2007 13:21

shaunx / pinkfish 56
Not a clue 42
Joey the lips 52

[joey_the_lips] 15/12/2007 13:10

Wishful thinking maybe but ...............52p...................would give me enough profit to buy that Jaguar XK8 I keep promising myself.

[notaclue] 15/12/2007 11:30

I reckon 40-45p...but to be exact 42p lol...should be more like 56p...I think this maybe some variant of a management buy out!!

[pinkfish] 15/12/2007 09:54

shaunx - not joking, I had arrived at 56p Thursday night. Split the prize money.

[shaunx] 15/12/2007 09:36

Place your bets guys, final take out price :-

Shaunx 56p

[calamity] 14/12/2007 21:05

At the moment..........can we cancel weekends....and just go straight onto Mondays.....and while we're about it.....can someone cancel Xmas this year.....