Alliance & Leicester Share Discussion Threads

[tricky1992000] 14/7/2008 09:18

i Don't think the other banks like alliance and leicesters aggresive competative approach.

I moved my current account there because i got 8.5% on my money, HSBC only pays 0.10%

and when i use my overdraft, with al. it's free, with hsbc i am charged 18% a year.

Al. HURTS BIG BANKS.

[little beaker] 14/7/2008 09:15

The interesting thing is that in normal times, I believe this takeover would be blocked due to Santander's concentration in the UK mortgage lending market, with its interest in Abbey.

[little beaker] 14/7/2008 09:13

It's Santander again btw:

[deano1967] 14/7/2008 09:12

Its the only way AL will survive imo...its that bad that they will take offer and shareholders can go and take a run and jump.

This offer tells us how bad the sector is...

[deano1967] 14/7/2008 09:12

Its the only way AL will survive imo...its that bad that they will take offer and shareholders can go and take a run and jump.

This offer tells us how bad the sector is...

[psps] 14/7/2008 09:08

Sackj the Directors who refused Satender offfer of nearly £12.00.
What a rip off stock market is

[thehairydagger] 14/7/2008 09:05

daylight robbery, £12 last year.

[psps] 14/7/2008 09:02

Strange how AL. are willing to accept an offer of 300p or sop after refusung to accept near;y 1200p last year

[farsight] 14/7/2008 08:51

Alexx: yes, just lucky. I saw how fast they rose one day last week, and thought I might bag a bargain after Friday's malaise. I bought some, watched the prices, thought things were steadying, then when I went to buy some more I found myself sitting there blinking, going huh?! and saying why is this saying 312p?

[deano1967] 14/7/2008 08:50

BEWARE BEWARE BEWARE

This poster is a ramper of the worst kind, they have a history of giving misleading posts and many have/will suffer. Ramping up BB for example and other bank stocks and their share prices dropped like the proverbial brick...


jennyj - 14 Jul'08 - 08:34 - 3061 of 3066
tricky the best situation for shareholders would be to allow the market to recover over a 2-3 year period then we would be at £12 even £14...

But this offer is far to low, it was £4 on flotation. ^^^ we need to go for it not to be a fraud takeover.

[ry4nj] 14/7/2008 08:47

Feb. 25 (Bloomberg) -- U.K. banks rose in London trading, led by Royal Bank of Scotland Group Plc, on speculation that Qatar Investment Authority may buy a stake in the company. Alliance & Leicester Plc advanced on speculation it may receive a bid from Lloyds TSB Group Plc.

[maxidi] 14/7/2008 08:46

Santander... bidding.

[zipper] 14/7/2008 08:38

Salamander is the bidder imo - lets hope this kick starts the banking sector!

[liquidkid] 14/7/2008 08:36

Sounds like a Private Equity bidder who has been to too many 99p stores. Has just dreamt up the number with no real idea about its valuation. Would expect too many attached conditions to be met to make it work, Although the board would appear to be irresponsible not to accept this even with a preposterous break clause.

[jennyj] 14/7/2008 08:34

tricky the best situation for shareholders would be to allow the market to recover over a 2-3 year period then we would be at £12 even £14...

But this offer is far to low, it was £4 on flotation. ^^^ we need to go for it not to be a fraud takeover.

[jennyj] 14/7/2008 08:34

tricky the best situation for shareholders would be to allow the market to recover over a 2-3 year period then we would be at £12 even £14...

But this offer is far to low, it was £4 on flotation. ^^^ we need to go for it not to be a fraud takeover.

[alexx] 14/7/2008 08:31

well done Farsight, just lucky?

I was thinking of a small short ( now ) as I can't see a bidding war in this environment and it may even fall through. Need to keep the position small as it could obviously move a big %

[ry4nj] 14/7/2008 08:31

RBS bidding?

[tricky1992000] 14/7/2008 08:30

jennyj - i think this could be the start of a bidding war.

[jennyj] 14/7/2008 08:27

Dont accept less then £9.50

[farsight] 14/7/2008 08:26

LOL, I bought some first thing!

[safman] 14/7/2008 08:22

RNS Number : 9682Y
Alliance & Leicester PLC
14 July 2008


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION


FOR IMMEDIATE RELEASE


14 July 2008


Alliance & Leicester plc ('Alliance & Leicester')


Statement regarding possible offer


Alliance & Leicester confirms that it is at an advanced stage of discussions regarding a possible offer at an offer price of 299p per share together with the right to receive an interim dividend of 18p per share which is expected to be declared in the ordinary course comprising total value of 317p per share.


This announcement has not been made with the consent of the potential offeror and there can be no certainty that an offer will be forthcoming or as to its terms.


A further announcement will be made when appropriate.

Press enquiries


Stuart Dawkins 01162003088


Dealing Disclosure Requirements:


Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Alliance & Leicester, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Alliance & Leicester, they will be deemed to be a single person for the purpose of Rule 8.3.


Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of Alliance & Leicester or the potential offeror, by Alliance & Leicester or the potential offeror, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.


A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at


'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.


Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel.



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