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ANL Abbey Nat.

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0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Abbey Nat. LSE:ANL London Ordinary Share GB0000044551 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

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Abbey Nat. (ANL) Discussions and Chat

Abbey Nat. Forums and Chat

Date Time Title Posts
03/6/200816:19Abbey National - Outlook893
21/9/200415:28Who messed up Abbey National?6
15/8/200418:32Article in Scotsman, 03/07/044
08/7/200421:02ANL bidding to start at 550p ......watch this space245
05/6/200420:13Deutche Bank1

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Abbey Nat. (ANL) Most Recent Trades

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Abbey Nat. (ANL) Top Chat Posts

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Posted at 03/6/2008 16:19 by dm1
ANL gone :-(

Ah well uk retail stores still live
Posted at 07/7/2005 02:22 by bonzoboy
Beware ANL.
Posted at 12/11/2004 14:46 by dvda
Anyone holding ANL shares at the end of today will have them replaced with Santander shares on a 1 for 1 basis. The current price of SAN is 8.86 euros, so about £6.20. That's a drop of c. 30p on today's price, but you get that back via the 31p dividend.

How the SAN share price reacts next week is another matter, but I can't see it moving much either way as everyone knows this takeover is happening. Any +ve/-ve sentiment should already be in the price.
Posted at 10/10/2004 01:37 by tulk
Could someone post where to research Sanstander banco, and access to its price development, projects etc...

I have heard from some who work for bank, --more precious fund&bond -- and I have learnt that they, although moving around in a very large Swiss business, were totally surprised on Sanstander's proposal, and so more surprised as Sanstander released its tie with RBS to get Abbey Nat. They were still thinking Sanstander of a state, where few years ago it was virtually a "MESS", but that they stands so close to RBS, and even preparing to break up its long termed tie to get Abbey, all that proves Sanstander has something serious under its belt, and could be truely a serious competitor.

From the thought of a phonix rising from the ash, which virtually "hijacks" a bank in the middle of UK banking business scene without much resistance. It might be worth to ask, was would it worth in the next three year time? In opposit to UK bank the like of EGG which tried and failed to expand its business on the continent, Bank from the continent has an easier game due to the openess of clients, friendly credit card user, interest rate, less burocracy etc.(I would not say EGG is less attractive, depends on which price level you have got it) It also has the advantage of having on the door step a cheaper, tough & hard-working but still European & very experienced work force, and so at the moment does not rely on over-sea call centre like other UK's which stirs already a lot of troubles for some UK companies, which have went already this out-sourcing path, and still haven't won much.

It is clear to me that there is a lot of troubles with dealling Abbey's share when it now turn Spanish, tax is higher, paper work etc but what is tax on dividence when the share price could reach a lot higher if possible due to better management, better prospect, better and better ... They have surprised the bigger bank once, how puts up the hand and swear they could not do it again?

But what do I know about banking, I only follow the trend of price and invest. perhaps someone with more banking experience could express their opinion and educate us in this direction. What has made them so strong so fast? Surely not from money laundering for the Sizilian & Italian Mafiosos --are they still there?--.

PS:
Perhaps I should mention that I was thinking also of Freeserve, which was bought by WANNADOO, a "pile of poo" like some posters used to call it and dislike and urged other to abandon the sinking ship. Well, it has more then quadrouple its price from over 2 Euros replacement for Freeserve share and it was buyout by Fance Telecom for 8.8 Euros in less than 3 years later
Posted at 25/9/2004 10:45 by xjks
Subject to the shareholder vote:
If you hold ANL shares at the close of business on the 11 nov 04 you will receive 1 Santander share and the 31p div (to be paid on the 14 Dec 04 ?) for each ANL share.
ANL shares will be delisted on the 12 nov 04.
Posted at 19/9/2004 21:32 by wendsworth
I sold my remaining holding on the HBOS no interest statement.

Have been in ANL since May and walked away with five figures .

For what its worth have invested in Sainsburys .....everyone needs food, there is consolidation and US interest in the sector and Sainsburys looks just like ANL ....'suffering from previous inept management'. My view is ....either the current directors turn it round in six months or the bid will come .Either way the share price will rise !

This is my last ANL posting . If any of you fancy Sainsburys ...see you on that BB!!!!
Posted at 01/8/2004 17:46 by impecunious
Presumably HBOS will bide their time.

The value of SCH's bid heavily dependent on its own share price. SCH said to be supporting own share price with a buy back of 4% of its shares.

However, with the increased speculation of a bidding war, presumably fears that SCH may agree to bid even more - using paper - could see further pressure on its share price....? If so, SCH's shares may fall anyway, reducing the value of its bid ...a vicious circle. Meanwhile, HBOS or HSBC turns up as a white knight at the last minute and 'rescues' Abbey without the need to pay much more than the current 8-8.5bn.

Just a possibility. Nevertheless would expect to see close to £6.00 in the meantime.
Posted at 01/8/2004 15:02 by jfish
I'm surprised people are unhappy with ANL accepting SCH's bid.
Even if there is an 80 odd million penalty fro changing there minds - any new bid (if there is one) will be more than the SCH bid + the penalty...

I think the directors have done the right thing - recommend a bid that is good compared to the realistic value of the shares (as opposed to what we'd like the shares to be) and they still have the possibility of entertaining other bids, but they will have to be at least the value of the penalty clause higher for ANL to recommend the bid.

Interesting days ahead...not that I'm holding anymore - out at approx 570p.
I personally believe that fair value has been seen in the share price and other bids will not be forthcoming as ANL would be too expensive for what it is...we shall see :-)
Posted at 26/7/2004 11:26 by kaibutsu
that all depends on the santander share price. The bid value is a moving target and will reduce as santander's share price comes under pressure.
Posted at 26/7/2004 09:37 by markth
It's a cash/paper deal, with a special dividend of 25p, an extra divi of 6p, and one Santander share, which purports to value each Abbey share at £6.03.

The problem is that, there's no collar on the Santander share price under the terms of the deal. That means, since the acquisition is dilutive of Santander's earnings until 2006, that Santander's share price may fall, causing the deal to be much less attractive. The fact that Abbey's price has gone down shows that the market doesn't like the terms.

Based on takeover premiums seen in the past for banks, this is NOT a good deal for shareholders, even if it were 603p in cash I would not be happy. I wonder why this board is recommending it. Worryingly, I doubt there will be other suitors (certainly not in the UK) so this looks like the end of the road unless the shareholders bounce this.
Abbey Nat. share price data is direct from the London Stock Exchange

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