Alfred Mcalpine Share Discussion Threads

[m1connection] 30/10/2003 08:48

Over at the Bulgaria connected thread....

[pizzaman] 30/10/2003 08:45

PS meet me on another thread and i'll let you in to a secret

[pizzaman] 30/10/2003 08:44

when i shave i always use ronsons LOL

[m1connection] 30/10/2003 08:43

How long have you been mates with Gerry for then ?

[pizzaman] 30/10/2003 08:39

LONDON (AFX) - Shares in Alfred McAlpine made headway among mid-cap issues
amid talk of an imminent 350 pence-a-share bid.
Dealers believe Gerald Ronson's Heron International is a likely bidder. It
is said to have been the first bidder behind an approach three years ago for the
construction and support services group, which later drew interest from rival
Bryant and led to the eventual sale of its housebuilding division to George
Wimpey for 463 mln stg.
McAlpine shares were 2-1/2 pence firmer at 298-1/2 by 7.52 am.
fjb/slm/

[pizzaman] 30/10/2003 08:31

RNS Number:4642R
McAlpine (Alfred) PLC
30 October 2003


McALPINE APPOINTS NEW FINANCE DIRECTOR


Alfred McAlpine PLC ("McAlpine"), the construction, infrastructure and business
services Group, has today announced that Dominic Lavelle has been appointed
Group Finance Director in succession to Jeff Hume who is leaving the Group. The
Board wishes to thank Jeff for his contribution during the transformation of
McAlpine over the past six years and looks forward to the future development of
the Group with Dominic as Group Finance Director.

Dominic Lavelle is 40 years old and he joins McAlpine from Allders PLC where he
was Group Finance Director. Dominic trained initially as a civil engineer before
becoming a chartered accountant. He then worked for a number of public companies
before joining Allders as Group Finance Director in 2000.

Ian Grice, Chief Executive of McAlpine commented,

" I would like to welcome Dominic, whose skills and experience will add
considerable value to the management team. In the meantime, I would like to
thank Jeff Hume for all of his contributions and on behalf of us all at McAlpine
I wish him well for the future. "

-ends-

[inthepot] 30/10/2003 07:44

ALFRED MCALPINE (talk of an imminent 350 pence-a-share cash bid, with Gerald
Ronson's Heron International again mentioned as a possible bidder)

[pizzaman] 30/10/2003 03:11

Bid chatter continued to surround housebuilder McAlpine, up 15.5 to 296p. However, one analyst said a management buyout was unlikely as the company has recently been buying back stock for cancellation. He added the shares were probably rising as a seller had been cleared out.

[pizzaman] 30/10/2003 03:09

Alfred McAlpine, the UK construction and support services group, played down market speculation that a bid for the company is imminent as its shares rose 19p to 299½p, before slipping back to 296p.

[pizzaman] 30/10/2003 03:08

The FTSE 250 put on 17.6 points to close at 5,700.6.

Vague bid speculation continued to underpin Alfred McAlpine, with rumours of a 360p-a-share management buyout backed by 3i Group again doing the rounds. However, followers point out that the construction group has been buying back its own shares as recently as last Friday, which it would not be able to do had it received an approach.

[chrismonty] 29/10/2003 15:17

Would be good to see it up and staying over 300p for a bit again. Keep expecting news of some kind with this sort of trading today. Perhaps the recent rumours of a take over had some truth in them???
chris

[skyship] 29/10/2003 14:21

Absolutely no idea. Touched as high as 298p Bid!

[chrismonty] 29/10/2003 13:17

good to see a bit of blue for a change! anyone know of any reason for this sudden buying, or am I the only one left holding? :))

[hotdog1] 27/10/2003 10:10

Skyship, yes I think you were right about the reason for the drop. However the decline continues and I am still not sure why. McAlpine does not have anything like the expososures that Jarvis has, so I do not see why Jarvis's inabilities should effect McAlpine.

As for potential buy outs, I think this is hogwash, if someone was going to make a bid for McAlpine they would have done it by now. I am now very concerned about this share and it's future prospects. My fear is that it could retreat all the way down to £2.00 again, a prospect that would really hurt?

[currypasty] 27/10/2003 07:41

Lifting the shares to 386 would do my spreadbet alot of good.

[pizzaman] 27/10/2003 07:23

Market Mole: Citywire reveals secret City deals


THE veteran fund manager Nils Taube has broken ranks with Alfred McAlpine's other shrewd shareholders. His St James's Place UK & General Progressive fund has sold nearly 500,000 shares this month, and now holds just 1.9%. McAlpine gave up building houses last year to focus on other divisions. Growing faith in its prospects have lifted the shares from 187p to 286½p.

[pizzaman] 27/10/2003 06:46

Housebuilders lay foundations for bid speculation

There was more excitement for housebuilders yesterday as several large transactions reignited bid talk.

Crest Nicholson was touted as a bid target after Heron International, the property company headed by entrepreneur Gerald Ronson, bought 1.3m shares and now holds 9.9pc of the company. Crest rose 2.5 to 304p.

Analysts also observed heavy dealings in McAlpine, with two trades of 1.4m and 3.25m shares, both at 281p. The chatter was that a large institution had sold 4.6pc of the company.

McAlpine, 2.5 lower at 285p, picked up 100,000 of the shares for cancellation through house broker Cazenove. The company has recently been dogged by takeover speculation, although one analyst said directors have been visiting private-client brokers this week and would not be on a marketing drive if a management buyout was on the cards.

[skyship] 24/10/2003 17:14

Co. buys back 100,000 @ 281 - so what was it with the other 6.5m traded today at that price? Stranger & stranger.......

[currypasty] 24/10/2003 12:51

Fidelity dumped 650k MCA..

... but 2.2 million jarvis !!


perhaps the mca dump was just a show management they wont tolerate a similar balls up.

[m1connection] 24/10/2003 12:35

AYE, AYE !!

[m1connection] 24/10/2003 12:32

So Pizzaman....you reckon an eagle's going to land here then do you ?

[currypasty] 24/10/2003 12:22

i thought the trades were a bit on the large side...lol

Ive just put a long spreadbet on, December contract.

[skyship] 24/10/2003 12:12

Hotdog - now we see the reason for the fall. Is it Fidelity dumping the rest of their holding do you think? Hopefully the Company bought them in; certainly can't imagine mms taking 6.5m shares onto their books, even @ 281p.