Tdg Share Discussion Threads

[meryl] 19/8/2008 21:59

Any views on the value of the Bidco shares in The Alternative Offer?

[bryan2] 13/8/2008 16:35

I have sold and moved on to Wincanton who are now at bargain price of 262p

[rbcrbc] 09/7/2008 10:44

You're welcome, I agree it is most likely to go ahead, but personally I can easilly see TDG surviving on its own, and prospering, and I intend to vote NO.

Not that my few will make much difference.

but there is plenty of time for another bidder to emerge.

[psolomons] 09/7/2008 02:06

Thanks RBCRBC. I can't believe it wont happen but now I see why the share price is so far off the bid.

[rbcrbc] 08/7/2008 22:44

It may not happen:


"To become effective, the Scheme requires the approval of a majority in number of Scheme Shareholders who are present and vote either in person or by proxy at the Court Meeting and who represent 75 per cent. or more in value of all Scheme Shares held by such Scheme Shareholders".


+ 3 months interest

"Latest date for consideration to be posted to TDG Shareholders (if Scheme becomes effective on1 October2008) 15 October2008"

[psolomons] 08/7/2008 21:29

Has anyone got any idea why :-
The offer for tdg is 250 and you can buy for 241. On the face of it there is more free money on offer.
I have sold but a quick perchase of say 20000 would net nearly 2 thousand quid.
Whats the catch ??

[psolomons] 04/7/2008 08:49

So there it is 250p or an interesting alternative. Free money had indeed been on offer over the last few days.

[bryan2] 02/7/2008 08:56

I normally sell after a deal is agreed but this time the gap between offer of 250p and trading at 230p is too large.
Ill wait to get the full 250p

[psolomons] 30/6/2008 19:32

The company looks to be doing well. Laxey are getting a good deal.

-----------------

LONDON (Thomson Financial) - Logistics company TDG Plc., which has agreed to
a 250 pence per share takeover offer from Laxey Partners Ltd., said trading so
far this year remains ahead of its previous expectations and well ahead of the
comparable period in 2007.
The results reinforce its confidence in the group's strategy, and it is
confident of further good progress in 2008, the company added.
In Ireland, the company said it is exiting a loss-making facility in Dublin,
which has served FMCG contracts where trading has been difficult for a number of
years.

[psolomons] 30/6/2008 13:01

looks like free money on offer today. the bid from laxey is 250 and you can buy at 236. I suppose the mms are waiting to see what the AIM investment option might be.

[psolomons] 29/6/2008 15:31

There is definitely a good fit between TDG and Wincanton. I would suggest it is very much in Wincanton shareholders best interests to persue a merger/take over. We will see but I reckon Laxey will get it at a knockdown 250p. I would speculate that they make a huge profit from selling it on in a year or so. They has already been large scale consolidation in the industry. That will continue in my view.

[bryan2] 29/6/2008 14:39

Wincanton might have had difficulty raising cash with credit crunch and all.
Perhaps they could come back with an increased, but all share based merger.

[rbcrbc] 29/6/2008 12:41

And there is nothing to stop a new bidder entering the race.
Maybe someone else has been hanging around and didnt want to start bidding against Wincanton.

[psolomons] 29/6/2008 11:17

Yes, Wincanton could come back with an offer if they wanted. I doubt they will though as in their rejection statement they said it was not in the best interests of their shareholders to proceed.
Who knows. At one stage Wincanton looked a cert to bid, in fact they suggested a price they would pitch it at.

[bryan2] 29/6/2008 11:05

Has Wincanton reserved the right to make an offer in the event of a firm offer from Laxey?

[rbcrbc] 27/6/2008 21:01

Yup I was wrong, sorry, not the first time....

I wonder what this acquisition vehicle to be listed on AIM is and if it will be worth taking up the offer.

Personally I think TDG could have made a go of it on their own, and I guess I might even vote against the offer.

[psolomons] 27/6/2008 19:56

250p it is. good deal for Laxey i reckon although the share price would have slumped if they had not reached agreement. Contrary to previous posts perhaps Wincanton were the stalking horse. Afterall having offered 275 Laxey eventually get it for 250p.

[badtime] 27/6/2008 19:19

agreed deal?

[psolomons] 27/6/2008 11:52

if this mornings drop represents insider knowledge it is another example of fraudulent behaviour which the FSA won't investigate.

[dancing piranha] 22/6/2008 21:12

LOL! Don't worry you are not alone, I have a similar view too that these are worth holding for the possibility of a bid that succeeds! It will come I reckon..........

[psolomons] 21/6/2008 11:09

Im talking to myself, but what the hell !

The reason Wincanton pulled out is likely to be because of the difficulty at the moment of raising finance. That may also be a problem for Laxey BUT it doesnt matter. There is consolidation in the industry and when borrowing becomes easier TDG will be a prime take over target. And in the meantime take the decent dividend.
If Laxey are sensible they would make every effort to put a deal together.
Im holding, adding and taking a medium term view.

[psolomons] 20/6/2008 16:52

Another week to wait.

-------
Following representations made by the advisers to TDG, and having consulted with the advisers to Laxey Partners, the Panel Executive has
ruled that the deadline by which Laxey Partners must either announce a firm intention to make an offer for TDG under Rule 2.5 of the Code or
announce that it does not intend to make an offer for TDG should be extended to 5.00pm on 27 June 2008. No extension to the revised deadline
will be granted, except with the consent of the Panel Executive.

[psolomons] 19/6/2008 15:41

No they wont, even though their RNS virtually confirmed that they would. Anyway if the share price falls further its time to buy more for the dividend.

[chrisdgb] 18/6/2008 12:50

not looking good for laxey at the moment, they must have a second plan as there is no way they will buy it......will they??

[psolomons] 18/6/2008 09:53

Im adding a few more. Solid company, good dividend.