Somerfield Share Discussion Threads

[widgee] 07/4/2005 16:35

AND OF COURSE IF ITS IN THE TIMES IT MUST TRUE EH!!!!!!!!

[sharw] 07/4/2005 13:25

Forget Baugur, today's move up is probably more to do with this from the Times:

"Topland, the property group run by Sol Zakay, is rumoured to be considering entering the bidding war for the Somerfield supermarket chain. Topland would be interested in the retailer's estimated £1 billion property portfolio. Topland has huge firepower to carry out a deal".

Not to be outdone, the FT not only names Topland but also claims that an unnamed investment bank is also thought to be putting together a consortium to bid.

The more the merrier as far as I'm concerned. It would be preferable for Baugur not to come out top as this is the only one that would involve a long delay as the bid would undoubtedly be referred because of BFG.

[widgee] 07/4/2005 09:14

cmon baugur, put me out of my misery.

[kingdwg] 07/4/2005 08:37

You could be right WIDGEE judging by that spike up this morning.

[widgee] 06/4/2005 22:58

pink paper tomorrow? 2.20

[widgee] 06/4/2005 15:14

anyone guessing who might be the front runner (baugur me 2.18 plus 2 p divi)

[blunderbuss] 06/4/2005 10:53

I've always said I would sell above 200 and hope for 300. Still holding and hoping.

[kingdwg] 06/4/2005 10:39

Still here. First day of the new tax year so could sell now but fancy this will go higher.

[widgee] 06/4/2005 10:19

As everyone sold and left or are we just busy trading other stocks.

[wollaton] 03/4/2005 19:43

hotmark,which weekend press remarks r u refering to regards sainsburys.

[faxxer] 03/4/2005 15:57

Here are some links to stories:

[hotmark] 03/4/2005 11:35

Sainsbury's likely to enter the fray according to weekend press reports.

[kingdwg] 02/4/2005 09:59

I read somewhere that property valuation could be up to £3 per share.

[widgee] 02/4/2005 07:57

DREAM ON more like 2.18 plus 2p divi. imho

[hotmark] 01/4/2005 21:43

£2.50 rumoured.

[widgee] 01/4/2005 18:13

Well said. It would be rare for ALL three not to complete. One of them wants its more than the rest. IMHO

[kingdwg] 01/4/2005 12:07

Hang in binda, imho with 3 bidders this is going to roll.

[monty burns] 01/4/2005 10:43

I don't doubt it. I bought at 127, almost at the bottom of the recent dip. Then because it had so relentlessly fallen, and I had finally got a bottom-fishing timing right, I ducked out at the first mini-dip at 135-odd. More fool me.

I just can't understand why if these potential acquirors are being 'strategic' they couldn't see that the time to buy was at the trough, when the risk was minimal. And for that matter, why I couldn't....

Whatever, enjoy the squabble - should be very profitable.

[faxxer] 01/4/2005 10:39

Monty
In my opinion there was share price manipulation by an aggressive seller. It is possible that their strategy worked for them and they returned with more shares than they started with and at a lower average price. I don't know who it was but looking at graphs it is possible to make certain inferences.

[binda111] 01/4/2005 10:21

time to sell or hold on.opinions anyone

[sharw] 31/3/2005 18:54

Announcement came after the market closed - will be interesting to see what happens to the price at open tomorrow. Very carefully worded to tell you nothing other than that the door is open. "....the potential offerors" tells us that there are at least two - but could be 3 if Baugur still in. "....whether the
proposals could be developed on a basis which would result in a formal offer at
a price which could be recommended" suggests to me that they regard the current price as too low, but not so low that it cannot be negotiated up to an acceptable level.

Let the auction commence!

[widgee] 31/3/2005 16:40

So the Icelandics are not in the frame then?

Surprised they normally get what they want.

[faxxer] 31/3/2005 00:17

Hi sharw
Thanks for your comments. In the header to this thread I currently quote an article from the Observer April 2003 in which they estimate assets to be 1.4Bn. Two years on that must be revised in view of upturn in commercial property values. If the assets are worth more than the offer price the board should recommend break up or continue imho. Certainly not capitulate to what in another era would be called asset-strippers.