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SOF Somerfield

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Somerfield LSE:SOF London Ordinary Share GB0008218694 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

Somerfield (SOF) Latest News

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Somerfield (SOF) Discussions and Chat

Somerfield Forums and Chat

Date Time Title Posts
20/11/200910:27SOUTH OF FRANCE APPRECIATION THREAD11
18/9/200710:32SOF - Up from here (47p - 12:30 Fri 25/10/02)825
14/2/200501:53SOF bid should be over 150p at least1,207
25/1/200518:38SOF4
24/1/200512:30Somerfield on TV6

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Somerfield (SOF) Most Recent Trades

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Somerfield (SOF) Top Chat Posts

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Posted at 23/1/2006 20:09 by faxxer
hi sharw and kingdwg
recycling rope-a-dope trick with DEB
will WLW be next target. I was tempted today at 31.25, maybe tomorrow - must be a good price now (p.s. I have traded Woolies but reluctant to hold b4 now). Best advice please . . .
Posted at 23/1/2006 11:54 by sharw
Thanks faxxer

FWIW my current favourites are AVV, QTA and UMB

It looks as if what I have predicted for SOF (strip out property and sell back to market at silly price) is now happening to Debenhams. See-
Posted at 10/1/2006 18:57 by sharw
The cheque came from the registrar - computershare. Go to www.computershare.com to check they have your correct address. On the home screen select "check a holding" from "shareholder services". DO NOT enter SOF as code - now invalid - but enter Somerfield on next line. You will need your reference number (a letter - probably C - followed by 10 digits) which you can find on your last dividend tax voucher or other document. This should then come up with your shareholding (still there even though the scheme has gone through)and other details including your address. If this is all correct click on "ask a question" on the home page.

Hope that helps - let us know how you get on.
Posted at 07/10/2005 14:18 by fft
with the retail slowdown, SOF isnt worth as much as it was 6 months ago. The p/e is nearly the same as Tesco's and i dont think anyone would clain that SOF has the same quality of earnings or the same growth path.

With only 1 bidder, that allows APAX to offer any price they like that will be more than the price will drop to if there is no bid. after all - who would like to own SOF shares if there is no offer ?


off topic.

IMHO Tescos have understated potential growth this year as the Far East and Eastern Europe will experience high profit growth as the initial setting up costs and organisation of suppliers rolls into action as volumes reach critical mass and beyond, thereby reducing costs etc etc. same pattern as in the UK, many years behind, but getting there.
Posted at 21/9/2005 08:46 by fft
With just over 3 weeks for either consortium to make an offer for SOF or go away, whats the feeling on this ?

What is a fair price for SOF ? and if no one does make an offer, then can we expect to see the price drop back to the 1.50 level ?

it is a tempting CFD / SB play, or perhaps better as an option play if the price is likely to move more than 20% in either direction (up with bid, down with no bid) regardless of the decision.

thoughts ?
Posted at 06/6/2005 11:43 by woodsman2004
I think SOF should be win an award for the least interesting takeover battle for a major UK stock market company!!!

Surely there must be some news or speculation? The books were opened to the potential buyers months ago and put up or shut up deadlines have come and passed apparently.

The current share price appears to be hedging its bets - a reasonable chance of a bid being accepted in the 210-220 range, but also a reasonable chance of no deal at all in which case the share price will fall back.

My guess is that the delay is caused by issues surrounding a potential carve up of the business. If ASDA (and any of the other majors) are in the running to pick up blocks of stores, they will be sounding out the MMC. It was quite interesting to see ASDA at the weekend praising Justin King and saying that Sainsburys are about to relegate them to 3rd place. This may be nothing, but it may also be a clever "look how small we are in a competitive market" tactic.
Posted at 24/3/2005 09:56 by blunderbuss
If the bid is "up to 1.5 bln", that values SOF share price at up to c. 2.70?
Posted at 05/2/2005 16:20 by hatman
I think it extremely unlikely that either Tesco or Baugur are lining up a bit for SOF - such a bid is likely to be rejected by the Competition Commission. There is no harm in the odd bit of bid frenzy, but I do not think that is how we are going to make good profits from SOF.

I am happy with my original projections of a share price between 207p and 259p by June 2005 - targets to be reached in the normal course of share price action. The gains are attractive regardless of a bid or not.

Once we get to June (possibly May) SOF will enter wave 4 of the larger degree, which should be multi-week sideways triangular formation setting up for the final push upwards into wave 5. This triangular action will be yet a further opportunity to top up holdings and make a play for good, swift gains in the last push north.

I cannot come to any further conclusions on the shorter term wave action, and I suspect that the present action is incomplete. We should find out by Wednesday.
Posted at 04/12/2004 11:32 by hatman
SOF is in a major long term bull market, made up of clean five wave advances and three-wave corrections. Longer term price target is way up at 540p or thereabouts.

From the bear market low in October 2002 at 43p, SOF completed a clean five wave advance to the peak at 174p in March 2004, a total rise of 131p over 17 months. This advance was wave 1 of a larger degree pattern.

Then, SOF entered wave 2 made up of a clean ABC decline to 125p on 1st October 2004. This correction lost 49 points over 5 months or 38% of the previous advance over roughly one-third of the time span of the advance. 38.2% is a classic Elliott style Fibonacci retracement.

Now, SOF is wave 3 of this larger degree pattern, which in itself will be made up of five smaller waves of activity.

We are presently in iv of 1 of 5 of 3 of 5.

In this micro pattern,wave i was the jump from 125p to the intraday 140p spike eight days later, a gain of 15p. Wave ii declined to 130p. Usually, but not always, the third wave in a pattern extends to 1.618 times the first wave, and 1.618 times 15p would give a rise of 24.2p from the 130p wave ii low, or 154.2p for the top of wave iii (of 1 of 5 of 3 of 5).

The price presently sits at 154.75p, which indicates the top of wave iii, with iv and v still to come.

More often than not, wave iv is equal in time to wave ii; wave ii took eight trading days, so wave iv is also likely to take eight trading days. Wave iv started on December 1st, so eight trading days gives a target of Monday December 13th for the end of this wave.

When wave ii is a zig-zag (which it was in this case), wave iv is usually a sideways triangle affair; so we can expect SOF to trade broadly sideways until December 13th to complete wave iv. The price range is likely to be 148p/156p.

When wave iv extends, waves v and i tend to equality in time and price; wave i took nine trading days for a rise of 15p, so we should expect SOF to rise 15p to a price target of 163/171p from December 13th to around December 23rd.

By coincidence or force of nature, there is a key Gann angle line at 165p on December 23rd.

That will complete wave 1 of 3 of 5.

After that, SOF will enter wave 2 of 3 of 5 which will entail a price decline back to the 148/154p area over a period of one month.

Then, on or around January 25th 2005, SOF will enter wave 3 of 3 of 5 which should produce a price gain of a further 63p projecting a price target of 211/215p by mid-May 2005.
Posted at 15/10/2004 10:03 by faxxer
kingdwg: I have Jack Petchey down for a wild guess of 1.59% (see the table in the first item of this thread). Given that he went over 3% when the shares were 145p or thereabouts and went below when they were considerably lower it is unlikely that he bought all his holding at the higher price to sell at the lower. It is possible that he did not sell all his holding just before the announcement, merely he reduced somewhere below the notifiable level. Players like Petchey don't make reversals of policy in such a short time. If he owned 3% I assume that is a significant amount and that he had seen the value in SOF as have others. I recently posted that of the top 20 holders 18 were deemed to be overweight in SOF. Although the list includes holders down to AXA and SG AM (whoever they are) who have 1.41 and 1.40% respectively. Trefick (Jack Petchey) does not appear. Given that the list was produced at a time when the share price was about 145p one must assume that he paid around the price at the date of his announcement of going over 3% i.e. >142p - announcement date 3rd August. It follows that he is unlikely to have divested himself of a significant part of his holding at a loss, he merely sold to go below the notifiable level. There may be some strategy in this, in the short term his declaration of 3.12% has clearly failed to hold up the share price and in the same way his selling at or before 7th October failed to push the share price down in the short term. I can't guess at his average price for his holding but since I am implying that he bought over 1.7% of the company at or over 142p I would be perplexed to find that he had sold a large part of his holding at a significant loss.

bigface: hoping that ROS other acreages have significant value for the company and that 7H is not a complete goner. As far as is known it is still producing gas sufficient to pay interest on loan. On SOF - it may be Baugur selling now that is depressing the share price, but that doesn't fit in with your theory either does it?
Somerfield share price data is direct from the London Stock Exchange

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