Scottish & Newcastle Share Discussion Threads

[bigbobjoylove] 28/10/2007 18:59

When Corus were taken over the first offer was well below the final offer. 770p - 800p is my prediction. 900p is a pipedream unless a rival bidder emerges which looks a distant chance.

[eipgam] 28/10/2007 17:30

I sold at 766... but may do the same as coogar and buy back in... however, I don't think SAB could be the white knight as the Competitions and Mergers people may have rather a lot to say about that.

[carregado1] 26/10/2007 19:42

Could SABMiller be the white knight S&N needs???

[coogar] 25/10/2007 16:33

I've decided to take the money and run, selling at 758.5p on the assumption that Carlsberg's derisory offer will depress the share price in the short term.

I may come back in if the price falls significantly following the anticipated statement from Carlsberg (after all, they may walk away).

[coogar] 25/10/2007 16:17

Told you so. Soz.

The good thing is that surely Calrlsberg/heineken have no chance at that price.

Time to bring on the white knight...

[loganair] 25/10/2007 15:11

I'm rather surprised so low as the talk has been 750p - 800p

[keelstow] 25/10/2007 15:06

720p bid rejected

see RNS

[coogar] 23/10/2007 15:33

I can't help feeling that the anticipated offer will initially come in at less than the current share price. (somewhere in the region of 750p?)

May soon be a good time to get out. I'm even greedier than ever now though, looking for >800p

[sportbilly1976] 23/10/2007 10:48

spob,

following your excellent info here, you able to see if there is anything going on behind scenes re ASC - talk of offer coming from H&M..??

[bigbobjoylove] 22/10/2007 09:47

900p takeout figure suggested by M.O.S

[georavello] 17/10/2007 19:26

super prices for xmas www.kidsrideontoys.co.uk

[coogar] 17/10/2007 15:47

eipgam

It's normal practice.

loganair

This may end up with an agreed bid but the S & N board has not even been formerly approached yet.

To all holders

Put simply, you just need to decide whether cash now at the current price is better than holding on for an offer which let's face it might not even materialise.

Another thing that makes a sell tempting to me right now is that by simply investing the cash proceeds I can achieve almost double the amount I get in annual dividends in interest from a savings account. Of course, it was so different back in 2003 when SCTN yielded me close to 6% and the BoE base rate was approx. 3.5%

So is it worth me holding out for another - say 50p/share - on top of the near-400p/share profit I am currently sitting on? Still, it's nice to face a dilemma like that every once in a while!

[loganair] 17/10/2007 15:33

I'm rather surprised at the offer is unwelcome statement made by S&N! I thought this was going to be an agreed bid.

[eipgam] 17/10/2007 15:21

S&N have said that the offer is unwelcome. Is that good or bad news for us titchy investors?

[coogar] 17/10/2007 15:20

To be honest, the price is already high enough for me - Still haven't sold yet though!

[eipgam] 17/10/2007 15:11

And that right price????? In your humble opinion of course... and I will do my own research, promise!!!

[coogar] 17/10/2007 14:35

I find it strange that Heineken quit the mainstream UK beer market around the same time as I bought shares in SCTN.

It would have been alot cheaper to consolidate way back then. However, maybe Mr Froggat wouldn't then have got a proper crack at turning the business around. I think he did a sterling job and deserves a great big pat on the back from all of us. Scottish & Newcastle plc won't be the same without the Australian maestro, so maybe now the time is right to allow a takeover to proceed - at the right price of course.

[coogar] 17/10/2007 14:28

Blobby is RAMPING these? He must be an impostor! LOL

Btw, I've no intention of unfiltering him

[eipgam] 17/10/2007 14:26

To save you the bother of unfiltering him, I can tell you that he is attempting to ramp by printing unsubstantiated and uncredited quotes.

However, this is a sweet turnup for the books... got 2 ISA's full of these plus the inlaws have a big wedge bought 15-20 years ago.

[coogar] 17/10/2007 14:18

p.s. I've no idea what BobaJob is spouting these days. I filtered him ages ago. He's been bearish on/shorting these for almost as long as I've been holding.

I'm surprised he can still afford his internet connection!

[coogar] 17/10/2007 14:16

I bought @ 388p in August 2003 with a target price then of 450p

Then I did what no shareholder should ever really do - fell in love with them, mainly on yield (5.7% at my entry price - still a good return today) and potential takeover target considerations.

[bigbobjoylove] 17/10/2007 13:18

'bound to be a bid war' bloomy analyst.

"anheuser busch surely will look at the situation"

[loganair] 17/10/2007 12:54

My entry price was under 350p. Remember those days! I am therefore in the same boat as you. In these volatile times there is excellent value to be had in a good number of other shares and would be able to put the funds made available to me with the sale of my S&N shares to good use.

[coogar] 17/10/2007 12:44

loganair

My entry price is so low as to be irrelevant in light of today's development. That's the quandary.

Not a bad fix to be in though, eh? :)

[loganair] 17/10/2007 12:39

coogar - So am I. The question to be asked will someone else come in with a higher offer and what will the actual offer be from Carlsburg.