|THANKS..WILL LOOK OUT FOR THE POSTMAN|
|Received mine on Friday.
|ANYONE KNOW WHEN WE GET THE MONEY?THANKS|
|Post removed by ADVFN|
|LBO, any real prospect of an increased offer?|
|PD Parks Ltd, a company funded by the Alchemy Investment Plan, has made a recommended cash offer for Parkdean Holidays at 270.5p per share, valuing the whole of Parkdean at £135.3m.
The companies said the offer represents a premium of 22.1% to the closing price of 221.5p per Parkdean share on October 11th last year, which was the last day before Parkdean announced it was in potential offer talks. It represents a premium of 3.2% over the closing price of 262p on March 16th.
PD Parks has received irrevocable undertakings and letters of intent to accept the offer from Parkdean shareholders in respect of 15,700,754 Parkdean shares, representing approximately 31.4%.
The PD Parks Group comprises two newly incorporated English companies established for the purposes of making the offer, PD Parks Holdings and PD Parks. PD Parks is a wholly owned subsidiary of PD Parks Holdings.
PD Parks was established specifically for the purposes of acquiring Parkdean.
The current directors of PD Parks and PD Parks Holdings are Martin Bolland and Anthony Morgan.|
|Dont know about that! but personally very happy with the offer today of 270.5p. ( a lot of fools talking a lot of rubbish on here last December...Where are they now!) LOL
Alchemy to pitch for caravan parks
By Yvette Essen (Filed: 17/03/2006)
Alchemy Partners, the private equity group run by Jon Moulton, is on the verge of launching a bid for caravan park operator Parkdean Holidays.
The offer is understood to be pitched at around 270p a share, which would value the group at about £135m. It is thought such an offer would gain the recommendation of the board.
Parkdean announced last October it was in talks with a potential bidder, which was later revealed to be Grainger Trust, the FTSE 250 tenanted residential property developer. The following month, Parkdean said the talks had been aborted, but that it had received a number of other approaches. Alchemy, GI Partners and HG Capital were touted as potential bidders.
Hopes of an imminent bid were sparked yesterday after Trefick, the investment vehicle for entrepreneur Jack Petchey, was revealed to have increased its holding in Parkdean to 3.64m shares, equivalent to 7.28pc of the company. On Wednesday, Trefick was disclosed to have a 6.75pc stake.
Dealers described Mr Petchey as a shrewd investor, having recently made a good return on his investment in property group Warner Estate and car dealership Reg Vardy. It is unknown if he would team up with Alchemy as part of the bid, but one trader speculated he may be interested in a property transaction.
Parkdean was established in 1999 and operates 20 holiday parks in the UK. Its shares rose 1 to 262p.
Alchemy attracted headlines after it attempted to buy the Rover car company. One of its biggest deals was selling care home group Four Seasons Health Care to insurer Allianz for £775m in 2004.|
|LBO, recent Share transactions suggest to me there are further stakeholding positions being taken so it would not surprise me to see one of the floating bidders come out of the woodwork in the next couple of weeks. At this level, I believe at least a 10% premium to the market price will need to be offered....so this could take an offer price beyond your target of 271p IMHO and onto something approaching 290p. Whatever, the situation, the share has recently been firm and trading at an unusally very narrow spread...a good sign for us PDH pundits LBO! :-)|
|Creeping up all the time towards my Target/bid price|
|I see center Parcs have agreed a take over offer today for £205m ie about 6.6x EBITDA and places a value on Parkdean of (2005 EBITDA £20.54 x 6.6 = £143.78m / 50.01m = £2.71 a share)|
|Alchemy on road to caravans deal
ALCHEMY PARTNERS, the private-equity group famous for its attempt to buy the Rover car company, has emerged as favourite to acquire Parkdean, the caravan-parks operator.
The private-equity group, headed by Jon Moulton, is thought to have seen off competition from rivals including GI Partners and Hg Capital, but it is understood that a formal offer is still some weeks away.
It is not clear at what level Alchemy's bid will be pitched. Parkdean, which owns 20 caravan parks, was previously in takeover talks with Grainger Trust, a property company, about a deal that would have valued the business at around £135m.
That proposal collapsed after Grainger pulled out of discussions last November.
At the time those talks came to an end, Parkdean admitted that it had received a number of other approaches that it was pursuing.
Parkdean shares closed at 241¼p on Friday, valuing the group at £121m.
The company floated in May 2002 at 100p a share. Both Parkdean and Alchemy declined to comment.
Alchemy has stepped up its interest in the leisure sector in recent months. In December it acquired Buckingham Bingo.
It also bought an estate of high-street bars from Spirit, the pub group, and led the £73m public-to-private buyout of Inventive Leisure, the company behind the Revolution vodka-bar chain.|
|Interesting RNS about Cinque Ports|
|Parkdean '05 Results "Disappointing" -Altium
Thursday, January 12, 2006 5:56:21 AM ET
Dow Jones Newswires
0939 GMT [Dow Jones] Parkdean (PDH.LN) had a very disappointing '05, Altium Securities says. Says the company was too exposed to the Holiday Hire area of the market in Cornwall and began its '05 brochure late in the year. Adds the situation was further compounded by weaker consumer spending and fuel & utility pricing. However, the group remains in an offer period, with the company reporting a number of approaches from potential bidders. Maintains add recommendation. Shares 1.7% at 232p. (AST)|
|this summers forward bookings are good according to my contacts in teh industry|
|up today and results out tomorrow...interesting!
I just cannot see anything particularly good coming out of this company at the moment, but maybe I will be surprised tomorrow!|
|any explanations for the recent rise in sp?
I'm not complaining...|
|On level 2, there is just 1 offer of 4000 shares at 2.80 for sale on the sets system... once other trades are posted, the overall price will adjust, and that trade will move down the list.|
|Hi Glenn, yes you probably right it was just a thought! It's 7.43am and they are up 53p at this moment!
All the best for Christmas & New Year.
|i think youll find chrsi its an advfn pecularity caused by the market makers opening up a bit at a time - for example they always used to have LMC as the top riser , something to do with sets etc|
Had a shock this morning at 7.32AM ADVFN were showing PDH up 55p! Trouble was it was a false dawn so to speak, unless there is news out there that someone slipped up and moved the price up before they should, maybe tomorrow!
Just my thought for today, watch this space.
|"my quest for the truth"
I think you might have been watching too much X-files! LOL
Who needs the LSE, Accountants, NOMADs, Independent Directors or Company legal advisors, Faraway is on the case.|
The fact that I've posted here definitely makes me question my motives in doing so as opposed to my quest for the truth from PDH and an understanding of their fiscal policy.|
|I am sure they are very worried Faraway but whatever you do, don't let them know you post on advfn or they definately won't take you seriously! LOL|
|I might add that the "21 days" was their time frame!|
|PDH were required to respond to questions posed by me within 21 days and their time ran out yesterday with no answers forthcoming so I am about to raise matters with various authorities, (particularly but not limited to the Office of Fair Trading). For the moment, I just cannot believe evrything is above board with this lot.
Apart from what I fully believe is being perpetrated as sharp practice if not fraud, I wish I knew if their suppliers are being squeezed just like the Halfords are doing with theirs, e.g. cut in supply prices by 5% & extending invoice payment to 120 days.|