Poundland Share Discussion Threads

[philanderer] 11/7/2016 11:26

LOL . Do you honestly think a few posts on a messageboard could affect a multi million pound takeover ????

And by the way I haven`t worked for fifteen years ;-)

You`re not tied in to a big short here are you ?

[philanderer] 11/7/2016 11:10

sb , I reckon Steinhoff will publicly announce the offer price this time.

[philanderer] 11/7/2016 11:08

Morning she-ra.

Just being realistic I suppose and reflecting the top end of brokers consensuses.

5th july Jefferies hold tp 195p
5th july Liberum sell tp 125p
28th june Citigroup neutral -
24th june Canaccord buy tp 220p
17th june Deutsche hold tp 205p
16th june HSBC hold tp 195p
16th june Credit Suisse outperform tp 235p
16th june Beaufort hold tp 220p


16th june +++++ Results +++++

[sportbilly1976] 11/7/2016 11:04

City AM:

Poundland's share price has been suffering since the referendum, and is now at around 180p. It was once thought Steinhoff would have to offer around 220p to 230p, but that may well have changed post-Brexit.


David Stoddart, analyst at Edison Investment Research, said "Steinhoff will enjoy greater room for manoeuvre" due to the fall in sterling.

"We would not be surprised to see it return with a more attractive offer, the cost of which may be mitigated by currency moves," Stoddart said.

Steinhoff increased its holding in Poundland at the end of June, up from 23.26 per cent to 23.52 per cent.

GBP:USD move post Brexit is ~10%, so could we see 250p offered?

[sportbilly1976] 11/7/2016 11:01

hopefully this time the BoD will confirm the offer price put forwards.

[she-ra] 11/7/2016 10:48

philanderer - All you ever seem to do is to try and keep expectations down. Who do you work for?

[manrobert] 11/7/2016 10:37

small article in the sunday telegraph saying stteinoff preparing a bit of £600mill.maybe around 220p.

[philanderer] 11/7/2016 08:33

A few in this morning betting on a quick 10% by wednesday evening.

Morning everyone.

[eastbourne1982] 11/7/2016 00:43

Poundland Plus - how about it ??

[she-ra] 10/7/2016 22:05

Eastbourne1982 - They don't need to rebrand and it would be suicide. Dollar General in the US sells things for more than $1.

[philanderer] 10/7/2016 19:54

Around 225p it is then ;-)

[eastbourne1982] 10/7/2016 12:52

I personally think the board should be looking for close to £3, at the end of the day Poundland could rebrand itself and turn into a value store rather than just a £1 shop, they should have already done this imho, far more potential for that model.

8 months to a year ago a takeover would have had to have been north of £5 so I think £3 is fairly realistic.

In some ways Poundland has Steinhoff by the short and curlies in that they now have a large stake in the business and if they don't agree to a price that the board recommends they will be significantly out of pocket. This deal only works out well for Steinhoff if they acquire Poundland, I think this has been handled pretty poorly by Steinhoff, they didn't need to buy any shares, they could have just offered a figure with a take it or leave it mentality, buying 23% put paid to that.

[nellynell] 10/7/2016 12:02

Steinhoff is applying the final touches to a £600m-plus takeover approach for Poundland ahead of this Wednesday’s bid deadline, as it pushes ahead with ambitious plans to ramp up its UK presence.

The South African conglomerate is hoping that it is third time lucky after failing with attempts to take over Argos-owner Home Retail Group and electricals firm Darty.

Steinhoff’s previous Poundland proposal was snubbed by the board. It is understood that management views the move as opportunistic following a turbulent year for the company.

On the day of the EU vote result Steinhoff said it was “considering” its position on Poundland but has since continued to buy more shares taking its holding to 23.6pc.

Analysts thought Steinhoff would have to offer between 220p and 230p a share but Poundland’s shares were battered in a post-Brexit retail sell-off and have been hovering around 180p.

It is understood Steinhoff is looking to turn Poundland from a single-price retailer into a multi-price chain along the lines of B&M Bargains. Analysts believe that selling a wider range at different price points would cushion it from currency swings.

UBS analyst Adam Cochrane believes Steinhoff would also have a chance to introduce concessions of its burgeoning discount fashion stores Pep & Co.

[manrobert] 09/7/2016 07:10

thanks phil a bit longer to hope then.

[philanderer] 08/7/2016 22:05

It's wednesday night isn't it ?

[manrobert] 08/7/2016 18:39

so close of play Monday is the deadline I assume.

[philanderer] 08/7/2016 18:27

Going right down to the wire guys .

And I see Stadium Capital bought 220,000 shares as well yesterday.....now holding 3.5 million.

Would Kensico with their 10.49% and Stadium with 1.34% be allowed to buy on behalf of Invesco ? ;-)

[manrobert] 08/7/2016 16:38

no bid today by the look of it,

[sportbilly1976] 08/7/2016 16:36

phil,

an odd one, especially given the current sp

[philanderer] 08/7/2016 16:30

sb, what do you make of FIL selling 190,000 but still retaining 15 million ?

[sportbilly1976] 08/7/2016 16:26

a few II's increasing their stakes and taking advantage of the drop this week ahead of the deadline