Poundland Share Discussion Threads

[praipus] 14/12/2016 22:27

Anybody following Stienhoff?



If so where and how are you trading them?

[staffy dog] 01/10/2016 12:49

BIG PROPHETT ON DIS ONE
DANYABAD

[tyranosaurus] 30/9/2016 11:17

That`s the end of this one then.
Got the dividend.
Share money should be in today.

A lot of effort to make £10.50

[werewolfie] 15/9/2016 23:20

Glad you're ok then 2 wild. Because I'm not

[2wild] 09/9/2016 12:53

Anyone still in at flotation price are only down 22.3% including the 4 x dividends paid 2015/2016. A fantastic result considering strong like for like sales growth turned into significant sales declines, with profits and earning per share falling like a stone. Could have been looking at a loss of 50% to 80% if the takeover did not happen. Several opportunities to sell above £3.50 or even top-up below 150p also arose.

[werewolfie] 07/9/2016 15:06

Although the offer is a 43.4pc premium to Poundland’s shares the day before the final bid was announced, investors who first bought into the stock when Poundland went public two years ago will still be left out of pocket - the retailer floated at 300p.

[raysor] 07/9/2016 13:58

Presumably buyers at 227 are bear closing?

[werewolfie] 07/9/2016 13:54

Considering I bought £2ks worth of shares at £3.30 each where does this leave myself and many others I presume? £700 out of pocket by the looks of it

[hays1] 07/9/2016 13:23

Agreed, this is a very boring outcome. I lost respect for Elliott.

[tyranosaurus] 07/9/2016 13:21

Well that was jolly exciting NOT.
What happened to Elliott Group and any other large investors against the takeover ?
They have accepted £2.27 which gives them a small profit.
There are even buys going through at £2.27 after the news. How much will they make ?

[staffy dog] 05/9/2016 12:20

THINKIN OF GOIN ON CRUSE THANKS PONDLAND
MAKE ME A LOT RICH

[staffy dog] 02/9/2016 21:43

I LUV IT ALL THIS POUNDS I MAKE OF THIS SHARE

[hays1] 02/9/2016 14:28

Why would it drop back to £2 when there are willing buyers wanting to pay £2.27? At least this is the confirmed market value of Poundland.I know I will definitely top up if it goes south, but would prefer this deal not to go ahead as people who are running a paper loss will crystallise their loss.I'm currently on the break even point and bought in when I saw Elliott was raising their stake. These guys rarely lose money and they clearly know what they are doing. Counting Elliott as your ally in this battle, I believe shareholder like myself are in good hands, and I'll let them do my battles for free.

[tyranosaurus] 02/9/2016 13:22

Bid will fail if Elliott vote against, regardless of any other votes.
I thought that a "final" offer was final and they could not come back with a higher one for six months.
What happens next ?
Will a higher bid come from someone else, with the support of Elliott ? This looks like the best result for Elliott and us shareholders.
Otherwise these will drop back to below £2

[cabreado] 02/9/2016 06:12

Elliot 24.9% - I wonder how much Elliot wants. £3 per share.Based on the latest results, will Steinhoff walk away without a fight? Or increase to a new "final" offer?

[hays1] 31/8/2016 15:20

Stainhoff just reported their results and have put out a cautionary comment regarding sterlings weaknesses, which means that their future profits from sterling denominated businesses will be worth less when they report those profits back in EUR as consolidated profit and loss.

[tyranosaurus] 31/8/2016 13:28

Why has the share price fallen off a cliff ?
Is the bid doomed to fail and people are bailing ?

[harvester] 23/8/2016 23:13

Good for you, Velod.
I was really puzzled why the PLND BOD caved in so easily.
Then I found a newspaper article which more or less suggests that they were "Bribed" or incentivised in polite language. Steinhoff offered them a substantial shareholding in the new company if they were to commit and continue to run the company for him for at least three years .
I did not keep track of the reference but you probably can find it easy enough by googling .

[velod] 23/8/2016 15:33

Yeah, go for it WW. Probably easier than you're thinking if your account is 'only' a nominee acc.

Just catching up on emails and one from my broker this morning advising I have until Sept 2nd to register my vote for or against the agreed takeover. That surprised me. PLND is in my nominee SIPP acc.

Logs in and there was a new 'corporate action' icon added to my Poundland entry in my portfolio. I've had these in my ISA acc's but never in my SIPP acc.

Surprised that as a nominee account holder I was allowed to vote one way or t'other. Clicked the refuse offer button.

Yeah, stuck it to them!
(You have to read the last sentence in a South Afrikaners accent :)

Elliot never sell for a loss when they smell more meat on the bone. They're nicknamed 'The Vulture Fund'. Check them out on Wiki. It's how they earn their money. Here's hoping after this is all over they gang up with the other big investment houses and sack the entire useless BOD and replace the jobsworths with profit orientated people instead.

[harvester] 23/8/2016 14:58

Good luck WW. I hope they will assist you.

[werewolfie] 23/8/2016 13:02

Harvester - good on you. I'm going to ask the Share Centre to see if i can vote against

[harvester] 23/8/2016 11:35

I do have a hunch that the Steinhoff bid will fail.
I will be happy to accept a drop in share price if that happens. Over the longer term I expect the PLND share price to recover and exceed 225 .
It is possible that both Steinhoff and Elliott will hold onto their shareholding in the event of a failed bid with a plan to come back at a later date when the takeover rules no longer apply to their current bid .

[harvester] 23/8/2016 11:28

Yesterday I did my "civic duty" by casting my proxy votes (for my small shareholding) against the scheme of arrangement. Two proxy votes are involved , one for the shareholder meeting and one for the Court hearing . Since my share position is small, that may seem a waste of time but , as they say at Tesco:"EVERY LITTLE HELPS".
Even small minority shareholders may conceivably influence the proxy battle since a) a 75% acceptance of the scheme proposal is required, b) Steinhoff can not vote their own shareholding and c) there are many other institutional shareholders who have large positions to protect.
Small private shareholders have been discouraged from using their voting rights by the nominee shareholding system but with a little bit of effort and the assistance of their stockbrokers the little guys can still have their voice heard in situations like this .
Iwebshareholdings/Halifax shareholdings brokers facilitate proxy voting though they have not sufficiently publicized that service arrangement .

[oregano] 23/8/2016 11:16

Steihoff's last offer was final. if this bid fails, their offer lapses and the shares drop.

[harvester] 23/8/2016 11:14

In post 2327 on August 11th I reported taking a short-term CFD long position
with average buy price of 221.154 .
Given the uncertainty of the outcome of the bidding war I decided to take the certainty of a smaller profit, foregoing the extra gains to be had from the dividend if the takeover succeeds. Liquidating the position at my target of 4p/share profit was not easy since the shares mostly traded in a very narrow range of 224.75 to 225.
I achieved liquidating a fairly large position over a number of trades and days, with most sales at 225 and a few smaller sales @ 225.5 by placing limit trade orders . On a per share basis, 4p/share gain sounds trivially small, but since I felt confident to take a large position it produced a sizable 4-figure £ gain. In my earlier post I referred to it as virtually a free lunch and so it has turned out to be .
I also hold a small legacy share position bought @ 265 average which shows a paper loss at present . I don't plan to sell the shares at a loss but may be forced to give them up if the Steinhoffer bid succeeds .