Beale Share Discussion Threads

[playful] 26/4/2013 07:51

Stuart Lyons replaced Simon Peters as the representative of Panther Securities PLC, so Andrew continues to have representation

[coolen] 25/4/2013 23:46

Agreed, Playful. Why do you reckon, though, that Perloff has withdrawn his man off the board ?

[playful] 25/4/2013 08:22

Looks a fair price to me and no doubt Perloff has been the brains behind this deal

[coolen] 26/3/2013 13:23

No great surprise that Gervais should dump this stock (stake reduced to 6% per RND of today) given that he is an income specialist and, without a fresh equity issue, Beale is too highly geared to resume dividends.

Oddly, the buyer(s) of the holding have not yet declared.

[coolen] 23/3/2013 14:50

Of equal interest is that respected fund manager Gervais Williams will be taking a 10% stake in Beale after a planned merger with Henderson Fledgling Trust, a fund which I believe Gervais used to run.

I wouldn't be surprised if Beale does not get a telephone call from Gervais suggesting an equity issue, perhaps along the lines which Gervais recently got engineers Chamberlin plc to accept.

[coolen] 23/3/2013 13:33

Good spot, Battlebus.

With an NAV twice the share price, maybe property man Andrew Perloff will get a profit on his 25% shareholding after all, without trying to do a deal to suit himself with Beale's freeholds.

[battlebus2] 23/3/2013 11:52

Playful gets a mention in shares mag, Beale could prove to be a bargain
Department store minnow is an option for deep-value hunters to consider
Risk-tolerant investors might take a small stake in Bournemouth-headquartered department stores operator Beale (BAE). Trading at a less than half its net asset value of 46.4p per share, a near-term turnaround could shake the stock from its

[coolen] 11/2/2013 19:04

I agree with your reading Ganthorpe: sounds like a major property disposal to Panther is brewing.

[playful] 08/2/2013 22:12

The sooner Andrew Perloff starts banging heads together the better in my view, anything to get the deals done!

[ganthorpe] 04/2/2013 19:12

Looking at today's final results announcement suggests that they are planning to do deals with Panther and possibly others to close certain stores and sell them for redevelopment.
It is significant that Panther's nominee on Beale's Board Simon Peters , who is FD of Panther,has resigned and been replaced by Stuart Lyons who is not directly involved with Panther and therefore can be in on negotiations.
I don't see that disposals of this type will yield the gains they would have done some years ago but will produce badly needed cash.Whether it will save Beale or merely prolong the survival is the big question.
If I were still a shareholder I would not like the downgrade in the LSE listing which allows the Board powers to make major asset disposals etc without shareholder approval. I think the real reason is that holders will probably be unhappy about the level of disposal prices and want to question them.
I suppose action has to be taken but I think too risky to get involved again.
GAN

[coolen] 29/1/2013 12:45

Between the lines of today's technical announcement, does this point to an asset revaluation/disposal coming up ?

[simon templar qc] 23/1/2013 13:37

No trading statement but the board change suggests the company may not be profitable. The statement on profitability ambigous.

I dont hold here.

[simon templar qc] 23/1/2013 13:36

No trading statement but the board change suggests the company may not be profitable. The statement on profitability ambigous.

I dont hold here.

[cjohn] 05/12/2012 12:35

wrong deal, wrong time, wrong board.

[lucky_punter] 09/10/2012 06:59

The multi-billion pound merger between defence giant BAE Systems (LON:BA.) and Franco-German aerospace firm EADS is "the wrong deal at the wrong time", according to Societe Generale.
The French broker says the deal looks good for BAE given its 40% holding in the combined group and possibility of sharing the strong growth prospect of EADS' Airbus.

[markfrankie] 12/9/2012 22:29

BAE Systems plc (BAE Systems) and EADS N.V. (EADS) have today made a statement to the London Stock Exchange about a possible business combination between BAE Systems and EADS.




Statement re Share Price Movement

BAE Systems and EADS have a long history of collaboration, and are currently partners in a number of important projects, including the Eurofighter and MBDA joint ventures. The two companies confirm that they are now in discussions about a possible combination of the businesses. The potential combination would create a world leading international aerospace, defence and security group with substantial centres of manufacturing and technology excellence in the UK, USA, France, Germany and Spain as well as in Australia, India and Saudi Arabia.

BAE Systems and EADS believe that the potential combination of the two businesses offers significant benefits for all stakeholders, over and above their individual business strategies, which both businesses continue to execute strongly. In particular, they believe that the combination of the two complementary businesses offers the opportunity of greater innovation, long term financial stability, and an extended market presence, which will enable them to compete even more effectively on the world stage.

Any agreement on the terms of a potential combination will require approval by the Boards of both BAE Systems and EADS, and would be subject to, amongst other things, a number of governmental, regulatory and shareholder approvals. There is no certainty at this stage that the discussions will ultimately lead to a transaction.

BAE Systems is a strong, well‐run company, successfully implementing our strategy. During the process of the discussions with EADS, BAE Systems will continue to focus in meeting all of their current commitments.

[markfrankie] 12/9/2012 22:24

interesting news today

[coolen] 05/3/2012 10:20

Given the Daily Mail report last month of predators circling and the existing % stake in Beale held by Panther (or its boss Mr Perloff), could these property deals be Mr Perloff trying to protect his position ?

[falia] 27/1/2012 10:03

rumours of bid coming

[cyril4] 16/9/2011 12:29

hold or sell ?

[indomie] 15/9/2011 17:34

Profit Warning.

[lbo] 24/8/2010 22:01

Fears that a new slump is hitting the High Street grew today when John Lewis revealed that sales growth slowed dramatically last week.



Arnotts is first, it won't be the last



THE decision of the banks to take control of Arnotts is the latest indication of just how tough conditions have become out on the main street. With the value of retail sales still down by more than a quarter on its late-2007 peak expect more casualties sooner rather than later.

Last Wednesday, news broke that Anglo Irish and Ulster Bank, who between them are owed at least €300m, were converting some or all of their loans to Arnotts into shares. This is likely to result in the existing shareholders, mainly the Nesbitt family, Boundary Capital and clients of Anglo Irish private banking, being virtually wiped out.

[lbo] 17/8/2010 14:08

The Bank facility expires in Feb 2011 and a 2010 PTP loss is forecast!

The outcome will not be pleasant for small shareholders IMHO