Somerfield Share Discussion Threads

[faxxer] 09/2/2005 22:41

Bigface
Any update on your post 200 ?

Milanilic - did you close ?

Flattie - are you still on the night shift ?

Is Baugur a stalking horse for the eventual bidder ?

Erlendar fjárfestingar
Jon Asgeir Johannesson - can I have my money in euros ?

So many questions. . . .

Facts about the Icelandic raiders . . . .

Fjárfestingar Baugs Group

Baugur Group er alþjóðlegt fjárfestingarfélag með áherslu á fjárfestingar í þjónustu,
smásöluverslun og fasteignarekstur á Íslandi og í Norður-Evrópu.

Meðal helstu eigna félagsins utan Íslands (í Bretlandi) eru Mosaic Fashions Ltd. sem á og rekur tískuverslanakeðjurnar Oasis, Karen Millen, Coast og Whistles, skartgripakeðjan Goldsmiths, tískuverslanakeðjan MK One, leikfangakeðjan Hamleys, heilsuvörukeðjan Julian Graves og LXB fasteignafélag. Auk þess er Baugur Group kjölfestufjárfestir í Magasin Du Nord, danska verslanafyrirtækinu.

Af innlendum fjárfestingum Baugs Group má helst nefna Haga hf. verslunarfélag, Stoðir fasteignafélag, Húsasmiðjuna, Norðurljós, auk fleiri.

Fyrirtæki sem Baugur Group er kjölfestufjárfestir í hafa yfir 17.000 starfsmenn og velta um 180 milljörðum kr. árlega.

Hægt er að fræðast nánar um þessi fyrirtæki hér til hliðar.

In essence: British retail management readily co-operate with Baugur for the benefit of our shareholders.

[hatman] 09/2/2005 14:55

I have taken profits but have retained a holding as there is a chance that an increased bid will come from another player. And 217p would look much better on the charts.

[multisync5] 09/2/2005 14:09

somebody answered my prayer

[multisync5] 09/2/2005 14:05

don't know if it's too late 4 me, but i am in though no buyers @ 183.25p, please somebody take that 183.25p layer, i hope for a few % to 190p , crossed fingers

[chester] 09/2/2005 14:03

I'm still holding.

[multisync5] 09/2/2005 14:00

guys

are u still holding, or u took profits?

[hatman] 09/2/2005 13:24

Yes, nice result. I too think the bid is too low, and 217p would look much nicer on the charts!

[okuta] 09/2/2005 12:32

Mr Hatman,tks,did very well on these,are we over to Isys after these/regards

[chester] 09/2/2005 12:17

Well done Maxi. Very long myself also, but not 50,000 shares.

[maximillian1] 09/2/2005 12:08

Hatman

Double thanks again was holding 50,000 thanks to you and just made £5,000.Would have been ten had i not put a sell order on at 180 this am .But still very pleased !

Many Thanks

Regards

Max

[pineapple1] 09/2/2005 11:56

I wonder if we may see interest from elsewhere as they do have a very good high street prescence.
Does anybody know the size if any of the pension deficiet.

[kingdwg] 09/2/2005 11:54

Yes, it wouldn't surprise me if something else didn't crop up. I don't think they're going to find it as easy as bfp.

[cheekycharlie] 09/2/2005 11:49

190p is still undervalued. Would be looking at 225p min. (based on current growth rates continuing).

[kingdwg] 09/2/2005 11:45

Hi Meenan
I like the look of RSA I bought my first lot yesterday, figures due next month sometime.

[meenan] 09/2/2005 11:33

Hatman

Are you psychic or something..you called it spot on with this one.

I got fed up with these and jumped too soon...D'oh! am I kicking myself or what. Still I got about 25p on them, so can't complain too much.

Could you have a look at Corus or Royal Sun Alliance to tell how they are going to go?

[kingdwg] 09/2/2005 11:26

Well what can I say. They've come good at last just like faxxer said they would. Hope Bigface got back in.

[barman92] 09/2/2005 11:15

Somerfield PLC
09 February 2005


9 February 2005

Somerfield plc ('Somerfield')

Announcement regarding approach

The Board of Somerfield confirms that it has received an approach from Baugur
Group regarding a possible cash offer for the Company at 190 pence per share.
The approach envisages the current management continuing to run the business and
is subject to a number of pre-conditions, including the undertaking of due
diligence, financing, agreement with the trustees of the pension schemes
regarding the funding of the schemes and the recommendation of the Board of
Somerfield.

The Board is investigating this approach. There can be no certainty that an
offer will be forthcoming. The Board will make a further announcement in due
course.

For further information contact:

Cardew Group
Anthony Cardew

[barman92] 09/2/2005 11:15

They've now done it.

Baugur approach @190p.

[chester] 09/2/2005 11:14

Just shot up 10%

[kingdwg] 09/2/2005 09:48

Well spotted faxxer.

[faxxer] 09/2/2005 09:43

Indie article suggesting Baugur will bid 190p:

[kingdwg] 08/2/2005 17:21

Thanks hatman. I'm certainly content with today's close. There's good support around the current level.

[hatman] 08/2/2005 16:38

Now in v of 3 of 5.

[kingdwg] 07/2/2005 12:20

Well they were until I posted!!!

[kingdwg] 07/2/2005 12:12

Not exactly flying this morning is it? Still at least the price is staying over 160 and there was a bit of life at the start pushing over 163 temporally.