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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Scot.&Newcastle | SCTN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 798.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 798.50 | 798.50 |
| Top Posts |
|---|
Posted at 14/1/2008 10:29 by loganair Scottish & Newcastle has approached private equity investors for its Russian joint venture, a move it expects will underline the need for Carlsberg and Heineken to raise their takeover offer to at least 800p per share.It will issue a trading statement this week that will show that S&N's fourth-quarter beer sales are in line with expectations. S&N believes it can create more value for shareholders by either trying to buy Carlsberg's stake in Baltic Beverages Holdings, or selling its own stake in BBH, which it estimates to be worth £4.6bn ($9bn). S&N is understood to have approached Texas Pacific Group before Christmas to see if the private equity firm was interested in becoming a minority investor in BBH if it tries to buy Carlsberg's stake, either by winning an arbitration case in Sweden or by initiating a "shotgun clause" in the joint venture. |
Posted at 11/1/2008 15:34 by loganair A major investor in Scottish & Newcastle said the company should stop "splitting hairs" over the bid from Carlsberg and Heinekenand start takeover talks now the consortium is now offering "a good price". Carlsberg and Heineken raised their bid for S&N to 780 pence per share yesterday and called on the UK brewer's shareholders to pressure it into securing a deal before the Takeover Panel's Jan 21 deadline. A major investor, who declined to be named, told Thomson Investment Management News: "S&N are being rather pedantic when they should rather start trashing the deal out." The investor said it has made clear an offer of around 770p per share should have been enough to start talks with the Carlsberg/Heineken consortium. Describing S&N's demand for a higher cash as an attempt to remain independent rather than to get better value for shareholders, the investor said: "It is splitting hairs." "They are pushing it, it is only 2 pct more on the price and they should get on now because it is good value," it added. "They put on a good fight and they have reached a good price; they have done well. But now they should get down to it." The investor was also sceptical about the brewer's latest move to appoint Ernst & Young to produce an independent report into Baltic Beverages Holding (BBH), the joint venture with Carlsberg. "We did not expect it but we were not surprised. It is their strategy to push the price up to defend themselves. They keep creating another thing to delay the inevitable," it said. "They are fiercely independent and their actions would suggest they do not want this bid but it is impossible to say what will happen. The investor added: "It may be that the consortium will come back with the 800p (offer). What would they say then? It would be interesting to see that." Carlsberg and Heineken have until Jan 21 to put forward a formal offer. |
Posted at 11/1/2008 14:23 by loganair Reply to my e-mail I sent to S&N:Thank you for your email to our enquiry email address regarding your thoughts on the consortium's 780p proposal to S&N. The board is continuing to collect views from all our shareholders. They remain completely mindful of their roles vis a vis shareholders. A particular complication in this situation is the future forecasts of BBH which we are not allowed to disclose to you. The Board is conscious that this creates a situation where it and the consortium have a clearer picture of the value of S&N than you do. We are pressing to release this information thereby enabling you to have a fuller understanding of the Board's position. Kindest Regards, Liz MacDonald Investor Relations Scottish & Newcastle plc www.scottish-newcast |
Posted at 17/10/2007 15:21 by eipgam S&N have said that the offer is unwelcome. Is that good or bad news for us titchy investors? |
Posted at 27/4/2007 06:20 by roby37 SCOTTISH & Newcastle's senior directors have assured investors it is "business as usual", playing down the recent flurry of takeover speculation surrounding the brewing giant.Speaking at the group's annual shareholder meeting in Edinburgh, chief executive Tony Froggatt said the group was not in talks and claimed the "background noise in the market is no distraction". |
Posted at 03/4/2007 11:51 by roby37 Hi jb1,I am not a trader. Some of the comment you referred to previously about BBJL stemmed from his being a "trader" while others were "investors". My position on sctn. I hold long term, however I added(50%) at 542cd on 26/3, unusual for me, I sold at 599xd on 30/3. I still have my long term holding. I have no problem with "shorters" just not my scene. I would probably add if sctn went to c.530 in the near term, but there are always plenty of other fish. |
Posted at 12/4/2006 10:21 by pc4900074200 The Scotsman. 12-04-2006.S&N toasts success as it swallows Fosters. MARTIN FLANAGAN. CITY EDITOR. SCOTTISH & Newcastle yesterday bought the Foster's lager brand in Europe for £309 million - partly bankrolling the deal via a £210m placing of S&N shares with institutional investors. S&N has held the licence from Foster's Group of Australia to brew and sell the brand in the UK and mainland Europe, including the Russian Federation, for more than a decade. But Tony Froggatt, the Scottish brewer's Australian-born chief executive, said taking full control of the brand, and also including some new countries, "will allow us greater freedom to be able to drive the brand forward at a more aggressive rate". In addition to the countries in the 1995 licensing agreement, S&N acquires the Foster's brands in countries such as Turkey, Armenia, Azerbaijan, Georgia, Kazakhstan and Uzbekistan. Froggatt said S&N would no longer have to pay royalties to Foster's of Australia - amounting to £15m last year. He said: "We can get a royalty that we would otherwise be paying to someone else. What it's also done for us is that, under the licence, we were forced to have their approval if there were any changes in the brands or technology or a move to a new brewery. "That now all gets swept away and we will have much more flexibility and speed to drive new ideas and concepts [for the brand]". Froggatt said there were initiatives S&N had in mind over the coming months, but would not divulge details yet. Details of the placing are expected to be announced today. The rest of the purchase price, nearly £100m, will come from borrowings. Ian McHoul, S&N's finance director, said the structure of the deal was designed to mirror the equity-to-debt split at the group. S&N is valued at about £4.5 billion on the stock market, and has debts of over £2bn. S&N's shares closed down 25p, or 4.7 per cent, at 506p. The transaction spurred existing speculation that S&N may also be interested in Foster's Asian assets, also potentially up for sale. Froggatt would only say yesterday that the group "are obviously aware" of the speculation, but that it already enjoyed market leadership in India via its joint venture with United Breweries and the Kingfisher beer brand. S&N currently has more than 80 per cent of the total worldwide sales of Foster's by volume - with the UK being easily the dominant market. Foster's worldwide volumes amounted to 9 million hectolitres in 2005. Of that, 7 million hectolitres were sold in the UK. Foster's Group said the sale released it from a licensing agreement with S&N that had locked the Australian company into below market returns from its European beer sales. Trevor O'Hoy, Foster's chief executive, said the agreement entered into with S&N in 1995 was in perpetuity, but that the royalties stream was at about half the level that would be entered into today. O'Hoy said: "The royalty economics of that deal, which was struck at a time when the Foster's Group was in financial difficulties, have unfortunately not matched the dramatic growth of the brand in the region." Amber nectar is key to UK brewer's plans 1995: S&N acquires the licence to brew, package and market Foster's lager - "the amber nectar" - in the UK, Ireland and Continental Europe, including Russian federation. S&N builds up the brand, which is far more popular in the UK than it is in its Australian homeland. Nearly four out of five pints of Foster's outside Australia are poured in the UK. Advertising has included the Don't Lose Your Head campaign and new products have been launched such as Foster's Ice. In the past three years, Foster's sales growth by volume has averaged 6 per cent in the UK and 15 per cent in Europe. Foster's now 14 per cent of S&N sales by volume. The company's other main brands include Kronenbourg 1664, John Smith's bitter and Strongbow cider, the four drinks accounting for the lion's share of S&N's marketing and advertising budget. April 2006: S&N buys Foster's brand in Europe, including new territories such as Turkey, Georgia, Kazakhstan and Turkmenistan. S&N finance director Ian McHoul says: "It opens up a whole bunch of new countries around the Commonwealth of Independent States [former Soviet Union] and Turkey. These are all countries with growing populations, GDP and beer consumption." The company says of the deal: "Ownership and control of Foster's brands in the group's core markets is critical to realise their full potential in terms of marketing, packaging and new product development." pc |
Posted at 27/2/2006 09:11 by evo8 SOME interesting chatter at Scottish & Newcastle, the £4.6 billion brewer that reported a strong set of results last week. Since Tony Froggatt was drafted in as chief executive nearly three years ago, he has put the house in order, making sense of the portfolio and bringing in outside marketing muscle to focus on the customer. It has been a quiet revolution and one that is starting to reward investors. However, S&N's big problem is still its high exposure to western markets, where beer drinking is in long-term decline. It may have a growing presence in Russia and is breaking into India, but the emerging-market exposure is eclipsed by France and Britain. However, Froggatt and his team are to give a clear signal that they can still get growth out of mature markets through innovation and premium pricing. They are signing up to a new remuneration package that will reward improvements to the top line. The incentive scheme is no longer based purely on achieving economic profit, which typically rewards cost cutting. Instead it will include an element of rewarding sales growth (net of duty). It is first being introduced at group level, but will soon be applied across all divisions. You just have to look at the senior external appointments that Froggatt has made to know that he means to hit performance targets. They include Gary Guthrie, the former Kodak marketer who joined two years ago as group marketing director. S&N may still be a bid target, but as the adjoining share-price chart shows, Froggatt is ensuring that any bidder will have to pay top dollar. The share price closed the week at 513p, just shy of a three-year high of 522p. |
Posted at 11/11/2005 14:06 by waldiman Tipped in Investors Chronicle today. |
Posted at 12/12/2004 12:57 by coogar Wow! Has anybody else seen this?(Source: Scotland on Sunday) SABMiller says rumours foiled its bid for Scottish & Newcastle IAIN DEY CITY EDITOR SABMiller chief executive Graham Mackay has revealed that he considered making a bid for Scottish & Newcastle earlier this year but speculation surrounding the deal prevented it from happening. Mackay told Scotland on Sunday that the constant rumours suggesting S&N will fall prey to one of the global drinks giants have pushed the Edinburgh brewer’s shares too high. Mackay said: "We know S&N very well. We did look at it but decided not to do anything." He added: "There are many companies, not just in the UK, whose shares are kept bubbling away because of takeover speculation. But you can only pay so much to make your money back. We have bought companies which have been loss-making and we have turned them around. But you could always see the potential to do that. "If you have a company in a mature market that is on a trend steadily downwards it is more difficult to see how you can reverse that trend." City analysts have said one of the biggest motivations for SAB to buy S&N would be to gain greater access to UK-based shareholders. Its biggest shareholder is US tobacco giant Altria, which is frequently tipped to reduce its 23.5% holding. Its other big investors are mainly South African institutions and nominee accounts held for South African investors. Mackay accused UK-based analysts and investors of being too "parochial" in their approach to the company. Although SABMiller is now one of the biggest companies in the FTSE, he said that most institutional investors seemed ignorant of this fact and that US-based analysts "did their homework better". While the Miller beer brands have a strong presence in Scotland through a distribution deal with S&N, SAB’s drinks have little presence across the rest of the UK. Mackay believes this lack of a major brand presence in the UK market is enough to prevent many UK investors from putting their money into the company. Mackay said that the Western European beer market, where S&N is the largest player, was "not without its attractions". But SABMiller has yet to fully exploit its own-brand portfolio in the UK market and does not need to acquire any more brands. Although there has been a move towards premium beers such as InBev’s Stella Artois and S&N’s Kronenbourg, Mackay said the biggest potential for growth is to move even higher up the value chain. SABMiller may launch its Russian beers into the UK market as a super-premium bottled offering, he said. Mackay also pointed out it has "never done anything" in the UK market with its Castle Lager brand. -------------------- p.s. this thread 'died' in March 2003, so I felt I just had to revive it following recent rumours as well as the above ;) |
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