Nsb Retail Share Discussion Threads

[peea01] 17/12/2007 09:00

smart money has to be on a counter offer surely??

[shaunx] 17/12/2007 08:43

brown paper bags all round

[nashwan123] 17/12/2007 08:25

Can't quote actual new regulation but directors are now bound by company law to achieve best rating for PLCs. Clearly this accepted offer is in breach of the law and can be challenged. FSA and takeover/mergers commission need to investigate.
Whose pockets are being lined? not mine!

[loafofbread] 17/12/2007 08:23

Considering we could have sold at 38p just under four years ago you have to wonder don't you.

This bit made me laugh

The Epicor Board has also indicated that it intends that David Henning, NSB's
current Chief Executive Officer, will assume overall management responsibility
for the enlarged retail sector business of Epicor.

David makes G Brown look like a decent chap.

[polythene] 17/12/2007 08:21

Looks like a done deal. At least it's higher than the 34p bid on Friday. A steal, but reflective of the current market. At least I'll have further funds to (hopefully) pick up some bargains in a depressed market.

[william47] 17/12/2007 08:17

GUYS VVM 3V1 LIMITS BUY 10K V SELL 1000000

[joey_the_lips] 17/12/2007 08:16

Any new offer needs to be at least 10% above the 38pence on offer now according to the agreement between Elpicor and NSB. That means 41.8pence minimum new offer.

charlie

[pinkfish] 17/12/2007 08:14

relatively high imho.

a steal.

first offer > 40p gets it.

[peea01] 17/12/2007 08:11

what probability a counter offer?

[loafofbread] 17/12/2007 07:54

I see ALM offer failed.

[pinkfish] 17/12/2007 07:50

nsb mgt need to learn to negogiate.

value matters not market price over the last months.

[pinkfish] 17/12/2007 07:48

I won't add more.

Someone is having a larf.

[dpmcq] 17/12/2007 07:48

Not that many on board (30%) - the Canadians are though!

[loafofbread] 17/12/2007 07:46

38p!

you have got to be joking.

Going back to bed until we get a decent counter offer.

Now we have a bench mark, 38p, will the market price it higher on the anticipation of counter deal?

[qs9] 17/12/2007 07:14

38p cash per share? That does look low and IMO the speed from discussion announcement to offer shows it was nearly stitched up already before the announcement. Wonder what management get from deal to justify it??

[dpmcq] 17/12/2007 07:14

Stitch up - enough said!

[fatboy9] 17/12/2007 07:13

Offer of 38p by Epicor - what's everyones initial thoughts? Mine are that they (the board) are selling out on the cheap and not adding any shareholder value. Comments.

[joey_the_lips] 17/12/2007 07:13

38pence?

NSB/Epicor rip-off if ever I saw one.

Lets hope there's a competitive bid.

charlie

[pinkfish] 16/12/2007 23:31

The undervalution of NSB is far from typical recently.

TTPCom went out at close to 2x. Aberforth had a large stake.

[boozey] 16/12/2007 22:06

A typical bid is share price at time of annoucement of bid talks plus 33%. If a bid war occurs it can go higher..

[timtom2] 16/12/2007 20:40

I'm tempted to add some tomorrow. 34p or therabouts looks like it could become the floor.

[pinkfish] 16/12/2007 20:23

How long to any completion?

It has all the hallmarks of smaller shareholders having been well shaken out before the approach. Some entity has done a good job of it so far.

[calamity] 16/12/2007 19:37

Ah....but only on our vote.......keep your shares folks and stick it out for 50p plus.....if we hold together surely that would be something.......

Looking back at some past RNS's of holdings ....It appears that Eaglet offloaded their holding around circa 28th Feb 2006....that RNS reported disposing of 6M shares ....and probably around about that time they disposed of the rest........Aberforth on the same day issued an RNS indicating a holding of 12.679M.....3.08% their first reported holding......probably from Eaglet....they ...Aberforth...now hold 59M I think.....so I think It's fair to assume that most of Aberforths holding was purchased at somewhere between 33p and 34p....and the rest between 28 & 30p these guys don't f...k about for a few pence especially over what 18 months since the 33p/34p purchases... and the later 4 to 6 month purchases at 28 to 30p.......so what's the sort of figure they would be looking at...... 50% plus mark up.......if not more...minimum then that they would accept I would have thought 50p plus........I still say 55p.....

[loafofbread] 16/12/2007 17:12

Even in the middle of a bid NSB still can't get in the bloody papers. Useless.

It would have been nice to see a nice piece with my cornflakes. £200M price tag and more suiters joining the fray would have done nicely.

Still think the deal will be done this week.