Biffa Share Discussion Threads

[coogar] 23/2/2008 02:54

I received my copy of the offer document on Thursday.

Yes, it would be silly to accept right away, when the shares are 18p above the offer price, or sell when the downside is limited to 350p

I sold SCTN at 758p before their bid was increased from 720p first to 750p and then to 800p, however I had been in from 388p so selling was a bit of a no-brainer.

I purchased my BIFF shares last September @ 237p :)

[coogar] 22/2/2008 16:25

I nearly sold these a couple of weeks back but the restricted market size was against me.

I'm happy to hold on now... think at least 400p might be possible.

[w.bramley] 22/2/2008 15:53

Consider a move to SKS (same line of business) when Biffa upturn steadies..

[badtime] 22/2/2008 14:29

pie in sky...400 tops to me

[inv] 22/2/2008 11:25

350p= 1.2bil 437=1.5bil surely this will be a starting point if a bid comes. Take it from here and 425p is not that far out. I still would hold on and 475p is quite realistic

[groover66] 22/2/2008 11:00

Being such a desirable company, with possibly more than one buyer interested, a bidding war could develop and inv post may well come true. Both have been reported in articles I have read. If not Pete/Mitzis have it I think......
A great position to be in either way...........

[46pete] 22/2/2008 10:39

I agree with you mitzis,390-400p.

[mitzis] 22/2/2008 10:36

Not 475p 400p top.

[inv] 22/2/2008 10:29

Further bid will come at around 425p. Bidding war could develop and this could go to 475p

[badtime] 22/2/2008 09:25

rns....suez declines to comment

[theband] 22/2/2008 09:13

46pete.......comiserations

[badtime] 22/2/2008 09:06

fair amount of volume this morning

[46pete] 22/2/2008 09:00

The band,they might as well be at my age!!

[badtime] 22/2/2008 08:35

still holding here

[theband] 22/2/2008 08:23

Hi Pete, you must have steel balls to have not sold out at 366. Certainly looks a wise move now.

[46pete] 22/2/2008 08:19

Welcome back the band.

[46pete] 22/2/2008 08:16

Groover,looks like we are rocking!!

[peterz] 22/2/2008 08:13

1.5B was does that equate to in share price 1.2b = 350p

[groover66] 22/2/2008 08:07

News at last! Thankyou Damanko, nice and prompt. Gains today Pete46?

[damanko] 22/2/2008 07:19

London shares outlook - Weak after drops in New York, Asia; Lloyds TSB key




LONDON (Thomson Financial) - Leading shares look set for an opening decline this morning, retracing some of yesterday's gains after sharp falls overnight on Wall Street and in Asia amid heightened US recession worries, with FY numbers.............


On the M&A front, Biffa could be active after the Daily Telegraph reported
that private equity firm Terra Firma is in talks with French industrial group
Suez to launch a 1.5 bln stg counter offer for the waste management company.
Earlier this month Biffa's board accepted a formal 350 pence-a-share offer
valuing the company at 1.2 bln stg from a private equity consortium comprising
Montagu and Global Infrastructure Partners, by General Electric.

[spob] 22/2/2008 06:45

1930

LOL



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