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BIE Birse Grp.

14.40
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Birse Grp. LSE:BIE London Ordinary Share GB0001005684 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 14.40 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 14.40 GBX

Birse (BIE) Latest News

Real-Time news about Birse Grp. (London Stock Exchange): 0 recent articles

Birse (BIE) Discussions and Chat

Birse Forums and Chat

Date Time Title Posts
08/8/200614:20Birse Group PLC (BIE)400
14/7/200414:58BIRSE........good time to buy969
31/12/200318:46bluebar42
03/7/200307:07INVESTOR POLL & EXPECTATIONS FOR CY PBT55
15/6/200320:04Birse & Payment Owed By Leicester78

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Birse (BIE) Most Recent Trades

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Birse (BIE) Top Chat Posts

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Posted at 08/8/2006 14:20 by chrissey
Can't agree more TNT!

have held for long enough and at purchase price that always meant the divi was very nice.

Never held enough to get too wound up about whether it got taken out at 16 or 18p!
Posted at 06/8/2006 19:24 by tommyjnewton
Sad to see this go too. I was getting a 12 grand annual dividend from this. Where am I going to find a share like that?
Posted at 07/7/2006 15:42 by toob
why wouldn't it have been BB buying bie shares ? They were about to make a bid,,,its reasonable to assume they would have bought as many as allowable at the lower prices. doh!!!!!!!
Posted at 05/7/2006 21:24 by spiritbear
As I said before, no activity buy or sell, share price fairly priced, then suddenly on the 18th June buys of 350,000...then 250,000 then multiples of 100,000...SP rises 0.25p then PI's perk up...sniff around (investigate) and follow their noses. Put money on the nose. Clear 30% in 6 days. Job done.

A good place to start to investigate would be who bought 350,000 shares in the first place? Why would someone do that with a company like BIE? Things that make you go ummmm. Highly speculative based on results soon to be released! Unless inside knowledge.

After 20th June, PI's follow the scent but not necessarily insiders. Just luck it was a take over bid and not something in the results. But it all adds up to the same thing.

Time to move on...something else on my radar.
Posted at 02/7/2006 13:15 by loganair
I must say that I totally agree with all who say that Balfour Beatty are buying Birse for a song. As Balfour admit, the purchase of Birse will be earnings enhancing in the first year, which suggest that they are paying too little.

I always thought it was the mandate of the directors of any company to try and get the best price possible in any take over, not to SELL at the cheapest, which seems to have happened with Birse. Personally, I do not think there was any insider trading, it was just the incapabilities of the management, as has been shown by their running of Birse over the past few years and the price they are selling and shutting up shop for.

At 16.625p, a rediculously low price to say the least, I would have thought 20p to 25p is more like the proper and just value for Birse. For one I WILL NOT be voting in favour of the take over at this low price and just hope that someone else comes in with a better offer.

Has anyone any idea of what the professionals are saying about this take over, TO HOLD for something better or to TAKE THE MONEY and run??
Posted at 29/6/2006 15:25 by dontknowitall
Earlier I sent the following email to the FSA, London Stock Exchange and the Takovers Panel.

Dear Sirs


Perhaps you might care to investigate this takeover, the increased trading activity that went on before the announcement and whether the shareholders are receiving value for money?


Specifically:

1. Unexplained increase in volume of shares traded before the announcement.
2. The valuing of Birse at £32m seems highly questionable.
3. The involvement of Citibank. In the past there has been a dispute between Birse and Citibank (one of the main reasons the share price has been held down). Citibank has been advising Balfour Beatty - who are taking over Birse.


I feel that "things go on" in the City that are not entirely fair to all the investors and employees of these companies.

I'd be grateful for your initial comments and would like to know if you will investigate this affair.


Yours sincerely


I've had one reply (from the Takeovers Panel). They said they're not interested and I would have to approach the FSE on matter one and Rothschild on matters two and three. Rothschild have acted on behalf of Birse in this episode.

In my experience the FSA is like a wet lettuce and totally spineless.

I'm not going to contact Rothschild purely because they will say it is the best deal that could be found.

And who regulates Rothschild? The FSA of couse.

And the Stock Exchange will not want to get involved in this.

There seems to be no one looking out for the small shareholder in this.
Posted at 28/6/2006 19:21 by relko
So can we take it, that BIE "strapped for cash" went looking for a white knight?
Posted at 27/6/2006 06:55 by the bounty hunter
Generally good news to see the rise in the share price over my average cost - so have enjoyed good divis and a reasonable capital gain. Not the golden egg I was hoping for.
It is not impossible that another player may make a move, but they will have to act quickly - in th next 10 days IMO or this is a goner! Costain always looked a good fit. I certainly think that bie is going a little cheaply as if this is well run, then the extra turnover will enhance balfour's eps.
Posted at 22/6/2006 16:17 by chrissey
The explanation is simple, however suprising you find it!

Over the last 4-5 years Birse have done a pretty spectacular job of completely messing up a major contract, the outome invariably being a large cost to them as a result of not having proper contract terms, etc. in place.

This created a perception, quite rightly, that the management of the Company was incompetent and based on their pretty reliable track record in this respect, people began to factor this into their share price!

I suspect the pleasant, although very suprising, fact is that we appear to have got through the last year without such a mess so the bad news expectation can now be factored back out!

This does not mean we will not have a similar mess next month, year or whatever but the fact is that up to now the shareprice has been reflecting this negative expectation and without the problems with their management, the Company is actually in reasonable shape financially and with a good order book.

Make of this what you will but I think you will find I am closer to the truth than just pre result speculation!
Posted at 21/6/2006 22:16 by sandbank
Results are out in three weeks...

Otherwise I suppose the rally is for the same reason the share price went up in January - and came down again - and went up again and came down again.

Too late to buy for the dividend now though.
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