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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Somerfield | SOF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| Top Posts |
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Posted at 29/6/2005 14:22 by octopus100 For those diamond investors out there - this was posted on the AFD (African Diamonds Board) and some thinks is significant for them to start drilling shortly (DYOR) - De Wet launches Elephant Drilling Rig II BESTER GABOTLALE Staff Writer 6/28/2005 10:27:12 AM (GMT +2) De Wet Drilling, a Rasesa based local drilling company, last week launched its second giant drilling machine, the Elephant Drilling Rig II. This feat has seen the company receiving an order for its multi-million Pula exploration drilling machine from outside the country. Rudie De Wet, a partner at De Wet Drilling told Mmegi on Friday that the success of the first drilling machine launched last year and now leased for exploration work at Venetia diamond mine in South Africa has led to demands for the building of more of them. The Elephant Drilling Rig II, which was completed in six-months was commissioned by De Beers Prospecting for use in the execution of their exploration evaluation project near Orapa Mine. "They will be huge demands and a lot of requests," he said revealing that work on the third rig, due to start in two weeks time has been commissioned by a client from outside the country. The first rig at Venetia is only expected back in the country around this time next year and will immediately be roped in to do more work, where it has already been booked. De Wet said although the other mines in South Africa do not require the services of the rig, the demand in Botswana is huge but the two machines should be able to satisfy that demand. "The rig itself is completely designed, manufactured and assembled here and for this type of drilling it's the only one in the world," he said adding that the machine is manufactured using labour from Rasesa and the surrounding villages. The large diameter-drilling rig, which has the capacity to drill boreholes of up to a meter in diameter and a depth of 700meters, is crucial for the proper evaluation of diamond reserves. |
Posted at 20/4/2005 05:32 by n_w_b The Times April 20, 2005 Rumour of the day Somerfield shed 5¼p to 196¾p on turnover in 24 million shares on talk that a large contracts-for-differ |
Posted at 27/2/2005 19:06 by richdvk Some of Somerfield's biggest investors have stood by the board despite the opportunity to turn a quick profit on a company whose shares have not visited these levels in the past five years. They are backing the management's turnaround plans, which slowly appear to be bearing fruit as Somerfield is positioned firmly in the convenience store sector.The possibility of another bidder breaking cover may now be diminished given the management's confidence in rejecting Baugur's overtures and the support of major shareholders. Even if another bidder did emerge it would have to offer well north of 200p to have any chance of persuading investors to part with their shares. Earlier this month ABN Amro analyst James Collins went as far to say the Somerfield store portfolio and its business could be worth as much as 310p a share if it was valued on the lines of other convenience stores takeover bids. full article: |
Posted at 27/2/2005 12:00 by faxxer Some in-depth details about the most active investors in British retailing: |
Posted at 16/2/2005 14:51 by faxxer Spoke to M&G contact who explained the position of their holdings and notification rules. As a result I have reinstated Amvescap with 8-plus percent of Somerfield.It appears correct that under Section 198 an investment institution such as Prudential who are holding non-beneficial interests in companies below 10% of the issued share capital have no notification requirement. Above 10% holding would require an RNS and for every change thereafter where the holding goes to 11% or greater, or 9.99% or less. In the case of a beneficial holding of 3% or greater the rules apply as to other investors, however this notification can be made within a notification of non-beneficial interests when the company is obliged to do so. Since the latest RNS re M&G is for M&G Investment Management Ltd only it may be assumed that there are slightly more shares held in total under the Prudential umbrella than those notified today. With Amvescap's holding it may be that the conversion of funds to ICVCs (Investment Companies with Variable Capital) the beneficial interests of Amvescap and the non-beneficial interests have been split and by splitting it has reduced both to a non-notifiable level. (Edit: found Amvescap's RNS and they sold 7 mill and are down to a round number). M&G's equivalent to ICVCs is OICs (Open-ended Investment Companies). I am deeply indebted to Richard Harding of M&G who patiently cleared up this matter. |
Posted at 06/12/2004 18:50 by 303hound as you say fax sof is in the right segment and when investors stop chasing the weary old elephants we should see movement here...I personally think the management could help with a decent dividend which incidently would make it much easier to raise further finance which as an expanding company they will need...it would also help this weary old investor. |
Posted at 09/11/2004 13:33 by hatman Looking at the action of the past few weeks (and today) I suggest that this stock is being held down by the market probably so that Baugur or another investor can accumulate. |
Posted at 31/10/2004 21:15 by sharegroper Reference the demise of Robin Whitebread " aptly named as KS use to sell the most of it!!".I could speculate that he did not accept the larger investment in the sof brand that will be required over the next year or two.Whil;st idling my time in the shower, I thought maybe the dream solution to the low sp, would be a merger of ks with Iceland. This idea has some historical basis as Malcolm walker and the old KS hirearchy were quite close, Prestatyn and Chester. It may be speculation but if faxxer could do a little research on BFG major shareholders a link may become apparent. From my recollection there are many sites where they trade side by side, with a merged group, cost of distribution etc would be substantially reduced, poor performing stores consolidated anf punted into the market to generate cash for poor suffering private investors. Then the water ran cold I awoke from my dream and realised that someting so simple would not work, because??? best wishes SG1 |
Posted at 29/9/2004 21:34 by kingdwg Smart investors!! |
Posted at 14/7/2004 22:58 by faxxer Hi all SOF followers,I left my screen at 3pm this afternoon, I cannot tell a lie - it was in order to emulate George Washington and cut down a cherry tree. However, in my case the cherry tree was already dead and I had the benefit of a rather powerful Stihl chainsaw. Unfortunately I don't have any inside knowledge on what is happening but I suspect that Somerfield directors who recently bought must have some inkling that a recent new investor is mopping up large amounts of shares. Given that the price has been held around this level for weeks now, in spite of the company's good results, shows to me that the trades are not unexpected by the market, indeed they are most likely technically outside the general market. The small amount of buying and selling by uninvolved investors make a small secondary market which is being ignored as these high volumes change hands. When you can trade a million shares at a time you are the market for as long as you want to be. I am fully committed to holding my SOF shares for quite a long time and have recently topped up in spite of the pain felt by the fall from 172p (where you may remember there were similar high volumes on a daily basis). Interesting times indeed ! |
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