Oasis Stores Share Discussion Threads

[grlz] 24/8/2001 21:38

well as porky pig said "th th thats all folks"

[hindsight] 19/7/2001 20:16

No sorry
H

[piscean] 19/7/2001 17:17

nor me...but I think the board control enough votes.

any idea what LNA is?

[hindsight] 19/7/2001 16:33

With the retail sector looking strong I was hoping for a better offer
Don't think I will accept
H

[piscean] 19/7/2001 16:24

bttt as the offer has now been received...

[piscean] 19/7/2001 14:28

Anyone else into these?
Anyone else feel they do not want to accept the trifling offer?
Anyone know what a Loan Note Alternative is?

nuff said until some interest shown...

)(

[piscean] 16/7/2001 19:19

can't believe there is no more comment....

imho, from memory, checking past dividend activity - almost all profits are given away as divis...this company is cheap (although I'll use the word cheap carefully nowadays!) and they're getting a profit generating machine for a steal...bad deal for shareholders imhgo but what can we do...

anyone know what a Loan Note Alternative is...?

)(

[sandown] 12/6/2001 18:27

MBOs of the entire company worry me. The directors have a vested interest in a low share price so that they can buy the company cheaply. This is exactly the opposite of what shareholders want. Its OK if the MBO is for a subsidiary where the main board consider it in the best interests of the whole company.

Notice how low key the excellent trading statement was played.

As stated in an earlier post the the Bennett's views are crucial. They and Scott (the 3 directors that became non-exec) own 33%of Oasis.

My view is that Oasis is dirt cheap at it current price and the MBO team will have a steal at their proposed price.

Its going to be difficult for an outside bidder - the MBO team have exclusive due diligence. The independent committee looking after shareholders' interests does not inspire me with confidence.

I have a holding and feel we may well get short changed on this one.

No advice intended.

Sandown

[grlz] 12/6/2001 17:40

Smart move by the Brothers Bennet by stating that the MBO may or may not go forward and given that negotiations are at an early stage and probably not committed to yet sounds like their trying to flush out any other bidders lurking on the sidelines.

Disclosing the offer price at this early stage of the MBO tells everyone what it will take to beat the MBO, after all The Bennets are not stupid the support of their stake can make any bid a winner be it an MBO or trade sale.

[clink] 12/6/2001 11:13

AGM statement - MBO subject to due diligence - may or may not lead to offer at 'around the current market price'

[westex] 10/6/2001 11:49

Closed at years high on Friday. Go driver.

[westex] 09/6/2001 00:57

+5p NEW HIGH. heres for a return to 350p!!!

[westex] 08/6/2001 11:02

moving better again after yesterdays rise

[qualitydecor] 29/5/2001 23:20

please could you give me a link for the US boards, thanks.

[grlz] 24/5/2001 00:44

Lastnight some US boards were saying that lovelock has agreed terms with an American V/C firm and will shortly announce the formal tender

[qualitydecor] 21/5/2001 07:56

rumoured mbo a while back, started to motor on friday now 103p

used to be over £4 not long ago.

sector back in favour.

nice market hard to get much stock in one go though

[paulscofield] 06/4/2001 22:11

there was a good thread about investment trusts on

[peeky] 06/4/2001 22:02

no, but it was june 19th last year.


Fidelity run a sucessful 'Special Situations Funds' which target bombed out companies like this. I wouldnt be suprised if this ends up in that fund. I know that the Rathbones SSF has a large holding of OAS.

[htayler] 28/3/2001 15:22

I see that Fidelity have taken a ~6% holding in the company - presumably in the hope of some MBO / takeover action, or maybe just in the expectation of a recovery in the retail sector. Anyone know when the ex-dividend date is?

[kjc] 18/1/2001 00:09

Oasis Stores PLC
17 January 2001



OASIS STORES PLC ('OASIS' OR THE 'COMPANY')

RE: SHARE PRICE MOVEMENT


Following the recent movement in the Company's share
price, the board of Oasis (the 'Board') confirms that
one of the options being considered to maximise value
for shareholders is a management buy out and that a
management team led by Derek Lovelock, the Chief
Executive, has been authorised to discuss with a
number of financial institutions the possibility of
formulating an offer for the Company. At this stage
no approach has been received and the Board is unable
to say whether this process will result in an offer
for the Company.

The Independent Directors, being the directors of
Oasis other than those connected with the discussions
with financial institutions, are being advised by
Close Brothers Corporate Finance Limited and will make
a further announcement in due course.

[htayler] 17/1/2001 18:15

Other than a management buy out, does anyone know of any other suitors being mentioned? As an established, profitable company trading at such low valuations, I would have thought Oasis would be a target for several institutions. £1 a share would be nice; a bidding war between two interested parties would be even better.

[boltworth] 17/1/2001 13:02

But at least it's something from one of my holdings that
i thought was a dead duck.

regards

boltworth