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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Brit Ins Hldgs | BRE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,075.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,075.00 |
| Top Posts |
|---|
Posted at 17/3/2011 09:26 by crawford Why is BRE up 20, doesn't make sense.The BRE proceeds will come in handy with all the bargains around! |
Posted at 09/3/2011 16:26 by spob Just do what Tesco did to Tom Hunter when he tried to block takeover of dobbies Sir Tom Hunter ends stand-off with Tesco By Maggie Urry Published: May 21 2008 10:00 | Last updated: May 21 2008 11:20 The stand-off between Tesco and Sir Tom Hunter over Dobbies, which reached the courts last week, appeared on Wednesday to have been resolved with Sir Tom's West Coast Capital agreeing to accept a £12 a share bid for his 29.2 per cent stake in the garden centre business. Assuming the deal goes through Tesco will apply to have Dobbies shares delisted from the Aim market and will compulsorily buy-out any other minority shareholders. Dobbies shares fell 37½p to £11.75 in morning trade. The offer, which values the whole of Dobbies equity at £124.5m would give Sir Tom £36.3m. Dobbies, which was holding its annual meeting on Wednesday, said it would give shareholders its advice on the offer in due course. Tesco acquired 65.5 per cent of Dobbies last year with a bid at £15 a share. But Sir Tom, who had also been interested in buying the business, was left as a large minority shareholder having paid prices from £5 to £18.45 for his shares. He is likely to have roughly broken even on the investment. WCC controls rival garden centre chains Wyevale and Blooms of Bressingham. Tesco said the £12 price, although £3 below last year's bid price, was a fair one reflecting the current state of the market and given that last year it had been paying a premium for control of Dobbies. Last month, Dobbies reported a fall in profits for the year to October, after exceptional charges relating to the takeover. At the annual meeting, Lucy Neville-Rolfe, chairman of Dobbies who is also Tesco's corporate and legal affairs director, said that sales in the first half of the year, to end April, were up 4.5 per cent, but had fallen by 6.8 per cent on a like-for-like basis. Sales in March and April of 2007 had been strong thanks to warm weather. Since the half year end, though, sales had risen sharply, and were up 30.2 per cent in the three weeks to May 18 or 15.8 per cent in comparable stores. The uneasy relationship between Tesco and Sir Tom since the takeover broke into a row last month when Dobbies announced a £150m rights issue, which would have required WCC to invest a further £44m to retain its percentage holding. WCC took the issue to court accusing Dobbies' Tesco-dominated board of riding roughshod over minority shareholders by ceasing dividend payments and using the rights issue to take full control of Dobbies. It asked the court to stop the equity issue. However, the judge found in favour of Tesco. In the aftermath Sir Tom threatened to continue with the legal process, and said he had support from others of the 300 minority shareholders. But he also hinted he would accept an offer of over £12 from Tesco to settle the long-running dispute. Tesco regards the garden centre sector as a growth market and was keen to have full control of Dobbies. At the annual meeting, Dobbies decided to postpone a vote to approve the rights issue to allow shareholders who had applied to take up their entitlement to withdraw their applications. |
Posted at 15/12/2010 08:51 by boadicea Barclays have credited mine today.In reply to query, their excuse was having to do a manual allocation from bulk payment received from BRE which should be within 5-7 workings days from formal payment date. It should not be beyond possibility to computerise the operation. All we can do is batter them with queries and complaints, or move our accounts, until they catch up with the rest of the world. |
Posted at 13/12/2010 10:01 by boadicea Selftrade credited them on 8th. Barclays are usually (always?) slowest with credits.BTW, it was not a dividend but a return of capital which it is necessary to note for income tax and cgt purposes. |
Posted at 13/12/2010 09:27 by spob Anyone received their 30p divi yet ?Should have been paid on Dec 7th Barclays have still not credited my account. Barclays getting very sloppy paying dividends on time. |
Posted at 26/10/2010 16:04 by scoble2 hiIf I sell now did I qualify for the dividend? |
Posted at 25/10/2010 07:23 by spob Brit Insurance to Get Formal Bid From Apollo, CVC on Monday, Times ReportsBy Abigail Moses - Oct 24, 2010 10:35 AM GMT+0100 Tweet (3)LinkedIn Share Business ExchangeBuzz up!DiggPrint Email .Apollo Global Management and CVC Capital Partners Ltd. are planning to make a formal takeover offer tomorrow for Brit Insurance Holdings NV, the Sunday Times reported, without saying where it got the information. The total value of the bid will be between 851 million pounds ($1.3 billion) and 871 million pounds, the Times said. The private equity firms agreed to pay 10.45 pounds a share and honor the 30 pence a share dividend to all investors, as well as pay an extra 25 pence a share depending on the insurer's financial performance at the end of the year, the newspaper said. To contact the reporter on this story: Abigail Moses in London at Amoses5@bloomberg.ne To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloombe |
Posted at 22/10/2010 12:35 by spob from FT AlphavilleBrit Insurance a rumour is knocking around in that ahead of Monday's bidding deadline Brit Insurance Holdings (BRE:LSE): Last: 1,017, down 1 (-0.10%), High: 1,020, Low: 1,015, Volume: 28.53kNH BRIT INSURANCE (BRE LN) An update on the potential buyout of BRE by Apollo and CVC is expected early next week, writes Deal Reporter. Due diligence had been completed and the process now concerned regulatory issues. The approvals process has taken longer than originally expected, it is understood, though one of the sources said that an additional extension of the deal was unlikely. A deal would be comprised mostly of equity, with some debt funding "around the edges" to account for interim working capital needs, it is understood. I think that's from Merger Market |
Posted at 20/10/2010 09:45 by investoree togo2 as far as I can see they did go ex-dividend today with a capital repayment of 30pence (not dividend) being paid on 7th December 2010. The effect of this will be to reduce any takeover payment for the company by a similar amount. |
Posted at 09/6/2010 19:38 by boadicea Campomar - Another point to bear in mind is that if many holders choose to reinvest their dividends by buying in the market, there may be a corresponding rise in share price due to that demand on or immediately following the 15th July payment date.It might possibly pay therefore, to anticipate the dividend payment and buy a week or two beforehand at a potentially better (lower) price and replenish one's cash when the dividend actually arrives. The company are also providing the option of taking the dividend as new DI's which will be issued instead of bought in: "Shareholders, including Depositary Interest Holders, will have the opportunity to elect the form (cash or new shares, represented by New Depositary Interests) and the currency (pounds sterling, Euros or US dollars) in which they wish to receive the distribution. The election can be made by completing and returning the form of election which Brit Insurance will provide on or about 18 June 2010." It also states that, "The price of a new share will be notified on " .................. but leaves this sentence hanging! I'm not sure if that option will be available for all/some/no nominee accounts |
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