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Real-Time news about PD Ports (London Stock Exchange): 0 recent articles
|praipus: FT saying that BBI control the majority of shares so are BBI broking or arbitraging to sell to Endeavour (or another) at a higher price (as I think they did with East Surrey) ?
Or are they buying for their own asset hoard. Worth holding and waiting till Endeavour make their announcement IMHO.
The chart action shows a doji star sometimes a reversal signal sometimes a continuation with the share price above the offer I suspect probability is with the latter.|
|praipus: Offer update says that through contracts for difference BBI now have 51% with the share price over £1.50 the market seems to be expecting another offer.
Another 10p... I wonder if that will be enough to sway the other shareholders.|
|praipus: Share price spiked to £1.51 in early trade so further counter offer highly likely IMHO.|
|praipus: Share price spiked to £1.50 today and when the original bid approach was mentioned so north of £1.50 at least IMHO.
Enterpise value is circa £2.00 I think.
However the real value depends on what potential investors see in PD Ports land bank, Victoria Harbour redevelopment and the "Gateway to the North" new deep sea cotainer terminal etc. Probably a lot more than todays share price.
Buying at these level your downside is covered by the current £1.42 bid on the table.|
|praipus: P&O is being sold on PE by my calculations of 40 using 80 million profit which is from two years ago as the most recent year shown on ADVFN shows a £210 million loss. So PDP's current share price according to press has a PE of about 18 so in a bid situation one could expect the share price to double easily from here IMHO.|
|praipus: PD Ports Enterprise value or typical takeover value is £529.32 million (according to ADVFN) with 175 million shares in circulation giving a theoretical takeover share price of £3.02! Strong buy IMHO.|
|praipus: Thanks tad novak. According to MCKS figures on ADVFN financials their current working capital doesnt cover their short term liabilities be careful. If you know otherwise about MCKS do say.
What I like about PD Ports is that the income streams are likely to grow and working capital does cover short term liabilities. This also means that if the bid talk evaporates the share price could justifiably be maintained if not grow anyway.|
|madaboutshares: Ahoy! Have been watching and waiting for a close above 109p, signalling a chart breakout. Last Friday it powered from the open with buyers paying as high as 115p, thought I had missed the boat, however jumped onboard today at 112p after the AGM Statement.
Looking to enjoy the ride, certainly more upside than drownside LOL...sorry! On a more serious note the recent results that were released were very positive and enough to take the share price towards new highs.
From todays AGM Statement - just wanted to extract the following, which impressed me ...
'The integration of our PortServices and Logistics businesses is complete, and the merged division is meeting its cost saving targets. Cash generation remains strong and the opportunity was taken to repay the outstanding #5.5m under our working capital facility with Royal Bank of Scotland.'
Would appreciate however any views on the following, also extracted from the AGM Statement...
'A decision regarding planning consent for our Victoria Harbour development is
still awaited. Discussions with the Highways Agency regarding the impact on
traffic flows around Hartlepool are close to resolution but the delay means that
the current year is unlikely to benefit from any Victoria Harbour property
sales. This will only affect the timing of property profits, not the creation of
property value. The Group will continue to focus on the sale of other non-core
properties this year.'
There was strong selling this afternoon, however closed unchanged overall today. Wondering if we will get a retest of 109p or will this 111.5p be the platform for the next leg up.
All the best to PDP holders.|
|10km: Hi MT , How's it going ? Very quiet thread this one . Any reasons why the share price should rise between now and XMAS ?
Pd Ports share price data is direct from the London Stock Exchange