Zenith Hygiene Share Discussion Threads

[scorpionwinger] 23/11/2006 17:13

Whoever has been looking at the company and has been in discussions with them knew this news was coming and they haven't walked away - I draw very clear conclusions from that

[kenmill] 23/11/2006 17:11

I agree there is a fair chance there has been manipulation of the timing of news here and therefore a chance that the share price today has also been manipulated. The only scenario that would argue against buying is if there is more bad news being supressed. if there is not, it can only be a buying opportunity

[scorpionwinger] 23/11/2006 16:54

That's exactly why I reckon it was deliberate - get the share price down, and take it private at a very generous 175p (which everyone would as of today bite your hand of for) having moved profits from last year to next year. Amazing how you can choose to account for exceptionals and long term contract revenue recognition. Bet they cooked it all up in the last few weeks since as I posted earlier who on earth gives a profit warning 3 months AFTER the year end.

For the brave and following my logic, fill your boots at 130p

[chazza454] 23/11/2006 16:48

How on earth can they know so much about the current year being on expectantions if they claim in effect not to have noticed that things were so bad last year until now - when this information is put out in an RNS ...... with a takeover note !!!!!!

Looks like a big buying oportunity to me if you like investing in fish!

[scorpionwinger] 23/11/2006 16:44

I would put money on an MBO at 175p

[kenmill] 23/11/2006 16:13

Diogenes
I see no reason to assume that forecasts for next year as well as this year are shot to pieces. "in line with management expectations" is a standard phrase used by most companies. It is rare to give detailed forecasts these days and "in line or otherwise with market expectations" is mainly used in connection with profit warnings. For your suggestion to be true would mean that they are referring to their revised expectations after the profit warning. They use the phrase twice to refer to how they are performing now that the new companies have belatedly been fully integrated and also in relation to the current years trading, following it up by saying they have confidence in the current years trading. Unless they are lying (which is a possibility but not a probability) the company is now back on track. It is up to individual investors now to decide for themselves whether the company's credibility is shot or whether this is just a blip.

[diogenesj] 23/11/2006 12:21

Nobody knows what the management's expectations are or were, so that statement is meaningless. If they had said in line with market expectations (i.e. their broker's forecast) it would have meant something. As it is, we have to assume that forecasts for next year as well as this year are shot to pieces.

If the conspiracy theory is correct (and I'm sure it isn't - these chaps run a hygiene company and they are cleaner than clean), this would be a buying opportunity for the management, but not for the outside punter.

[trexpert] 23/11/2006 12:11

Trading since the year end is in line with management's expectations? But do we have any idea what they were? Does anyone know if Oriel have issued anything?

[scorpionwinger] 23/11/2006 11:49

If we are all on the same conspiracy theory page the only rational conclusion is to see today's price as a great buying opportunity

[two short planks] 23/11/2006 11:16

Yep, very suspicious.

[kenmill] 23/11/2006 11:01

You have to admit it is rather unusual to announce an approach on the same day as a profit warning. There is such a thing as coincidence but this is stretching it a bit.

[diogenesj] 23/11/2006 10:55

I'm ashamed to admit that exactly the same thought briefly crossed my own mind, scorpion.

[scorpionwinger] 23/11/2006 10:43

Anyone think something'a a bit fishy - profit warning 3 months AFTER year end - what's the betting this is a deliberate tactic to get the share price down to facilitate a cheap bid. Bet the bid's from management

[narindg] 23/11/2006 09:14

a bid likely and buying at such a low price - boy its a bargain

[chris79] 23/11/2006 09:08

Hadn't even heard of this company until this morning, but surely as said above with current trading on track and last year's problems therefore looking a one-off this in a good buying chance to say that they are down 20% with a possible bid.

Although as i say before today i hadn't heard of the company, so on my limited look into it i'm in no real position to pass too much judgement!

[0rb1t] 23/11/2006 09:03

The bad news does seem to be contained to this year. If 2007 forecasts stay the same then they are trading on a FPE of 7 and that with the bid interest. I've bought some more on the dip.

[chesty1] 23/11/2006 08:38

What sort of buyout price I wonder...Surely a lot higher than where it is now..!

Sorry its dropped today BUT this one maybe worth a punt from here...

Be lucky to all

[its the oxman] 23/11/2006 08:33

bad news today - disappointing update but not a complete disaster - although initially tempted to sell out i will hold on for now given trading to date this year is in line, shame though.

[hasten] 18/11/2006 22:18

Presumably a good set of results in November will stop the downturn/correcting of late
Hasten

[diogenesj] 30/10/2006 09:50

Moving up again nicely today, and still looking very cheap.

[its the oxman] 29/9/2006 09:02

yep - hopefully its a decent break through 200p if management keep delivering

[blackrabbit] 29/9/2006 07:36

"Tipped" in today's I.C. !

[its the oxman] 19/9/2006 14:28

now 182p bid - 187 offered - new high again despite market being down.