Biffa Share Discussion Threads

[tom89] 08/1/2008 10:20

Sorry Holts; what do you mean, half reasonable price, £2:00?

[peterz] 07/1/2008 20:18

Damn, that seems to fit with whats happening Holts. Fingers crossed Mitzis

[holts] 07/1/2008 08:25

if they are full of options granted at very much lower prices, and doubtless huge payoffs in their employment contracts then they will just want a bid at a half reasonable price, rather than try for a peak price and risk losing all the potential loot.

[mitzis] 05/1/2008 10:26

I am hoping for a counter bid peter the bid on offer is far too low this is one of the most defensive companies in the market why let it go for small beer.
400p would be the right price.

[peterz] 05/1/2008 10:10

This should lead to a higher takeover price. Not yet built in? Did Biffa know of the government proposals. Certainly glad it has been announced now, before acceptance of any bid. Could be a good week AHEAD.

[mitzis] 04/1/2008 11:54

Biffa and Shanks to benefit from government spending.

[46pete] 03/1/2008 13:24

Suppose we will not hear anymore news until the investigation is over.

[yewtrees] 01/1/2008 16:09

imo If this take-over does not happen, there are other companies out there who are interested at possibly a higher price.

[w.bramley] 01/1/2008 14:19

Caution is needed here, the price has been at 350p then fell to the 250p area now back up. It would appear that the rise is due to take-over prospects which possibly will materialise, but if this looks less likely, the price will suffer. It could wise to set a stop-loss just as a insurance.

[johne1] 31/12/2007 09:14

Do you think it could actually speed up the due dilligence thingy?

[markinthepark] 31/12/2007 08:43

Do they ever? And when they do, it's usually a pathetic financial slap on the wrist for any guilty parties.......is this why BIFF's price has fallen back to 330p?

[mitzis] 31/12/2007 08:39

Doubt if the FSA will find out anything wrong.

[johne1] 29/12/2007 08:07

I signed up to the email alerting service. I think it is worthwhile if you have an interest. I have received more than 500 emails so far, many of them have been deleted.

[tom89] 29/12/2007 00:47

SG Securities has downgraded Biffa (BIFF) to sell from hold (350p price target). Market comment Hoodless Brennan 28/12/07.

Announcements under Rule 8.3, day after day, show a large number of longs, few shorts and little selling so I'd have thought that there was a lot of confidence in Biffa merging or being bought.
Comments appreciated.

[ideal420] 29/12/2007 00:30

Thanks for the explanations, much appreciated.

I'm slightly surprised that another offer wasn't tabled the second the board said anything over 350. Maybe there has been and we are yet to hear about it.

Or possibly other people are thinking similar thoughts to me. In that current holders are surprised that Spanish / US / French paries have not shouted their interest.

I'm not too fussed, holding out for at least 350 (In from 257). Many people were in around 220 mark and might consider 335 to be good enough.

[ronthea] 28/12/2007 11:41

don't you think there is something strange going on, why not hold out for a better bid. I really don't know what's going on..

[johne1] 28/12/2007 07:42

I would guess that some are bailing because: -
1. The dividend is in the bag - we are XD
2. The books are being looked over and we await the outcome
3. The deal is not done - there is no certainty that the takeover will happen - as yet - due dilligence etc...
4. Some investors/traders will take profits to place elsewhere
5. Some jump ship anyway - nervous holders

I'm going nowhere at this time - no adding - no selling

[46pete] 27/12/2007 17:01

Me no understand either.

[markinthepark] 27/12/2007 16:24

How come with 352p on the table declared as an acceptable offer by the management these are selling at 333p?

[call-logger] 23/12/2007 02:37

To clarify, they do give you the option to decline and you're given up to quite close to the end of the offer before the shares leave the account.

It's never caused a problem though my experience with them on takeovers is only just into double figures

[jeffian] 22/12/2007 20:55

Really?! I should have a word with them, then! There are plenty of 'recommended' deals which get topped (e.g. Resolution and IMP to name but 2 current ones). It only makes sense to accept when there are sufficient acceptances to make it a 'done deal'. (Perhaps it's the latter that you meant).

Regards, Ian

[call-logger] 22/12/2007 19:45

coogar - 20 Dec'07 - 21:19 - 1788 of 1790

call-logger - 20 Dec'07 - 11:50 - 1784 of 1787

ideal420

"If it all goes through, an automated sell goes through for the price and you then have the cash"

Not quite true. You still have to accept the offer first.


To be really pedantic, this ain't necessarily so. If an offer is recommended by the Board then my broker, Selftrade, automatically accepts the offer by default

[peterz] 22/12/2007 10:54

So are you saying the management has done something (poison pill) that will deter other bidders. They have to pay something extra to bid??

[holts] 21/12/2007 09:39

rather peed off that they have a small poison pill payment built in if another bidder emerges, sounds like we are desperate to excercise options and stuff 'ourselves ' full of cash, and fk the shareholders.