Brixton Share Discussion Threads

[hectorp] 26/5/2009 20:13

explorer- thanks, but we are all equal explorers of value.
So all the best to us, whether it is 10% short term or 40% longer.

[lomax99] 26/5/2009 19:02

At least Blackstone's interest was supposition, rather than being actually confirmed. It would be helpful if confirmation of at least one of the other potential bidders was forthcoming, sooner rather than later.

[johnski_uk] 26/5/2009 17:59

Blackstone may not bid...

[sleepy] 26/5/2009 17:50

Re Segro buying shares - is there a takeover panel rule that if a buyer has bought shares for cash and then bids within 6 months, the bidder has to make a bid with a full cash alternative?

[warmsun] 26/5/2009 16:54

Not a bad day! Let's see if tomorrow brings us more good news.

Good luck all holders.

[explorer88] 26/5/2009 16:47

welcome Hectorp! it's good to see an old hand like yourself recognising the value still to be realised here through competing bidders.

[roughandtumbleone] 26/5/2009 16:45

Shammy!

Wishful thinking but like your thinking nevertheless!

All I need now is for MNR to do the same and I'm laughing!:-)

R&T

[hectorp] 26/5/2009 16:32

Phew managed to sneak 12K in late on. Better holding these than not and the US market turned positive too.

[explorer88] 26/5/2009 16:12

Dow Jones newswire article includes:

"A person close to the situation said that, were another interested party to make a move and offer cash as opposed to shares, it might tip the balance and stop the Segro deal in its tracks"

[jpendle] 26/5/2009 16:07

Someone has got to fancy taking a strategic interest - even if it is not one of the bidders.

[shammytime] 26/5/2009 16:04

I have a sneaky suspicion we're going to open a lot higher tomorrow morning...3 digits anyone? ;-)

[explorer88] 26/5/2009 16:00

sportbilly - yes, probably UBS (SGRO) buying from earlier today.

also, Blackstone seem to be getting their PR machine moving - briefing Dow Jones, and others, that SGRO takeover of BXTN will stretch SGRO financially and that it will be better for BXTN to accept cash offer from private equity ... ;-)

[sportbilly1976] 26/5/2009 15:45

nice chunky trades going through now...

135k, 230k & 320k.....SGRO?

[sportbilly1976] 26/5/2009 14:49

level 2 firming up a bit too....

33k v 15k on the spread and 682k v 365k overall

[sportbilly1976] 26/5/2009 14:33

time to start the afternoon rally about now I'd say....

[jpendle] 26/5/2009 13:45

I have read a few times the saying 'Go away in May' as regards investing in the stockmarket, I understood that was for various reasons including - new tax year, holiday season starts, poeple are just not interested in investing when planning holidays and it is traditionally quiet and doesn't show good rewards -that is what I understood it to mean unless someone knows different?

Anyway, the way my investments are performing suggests this is the case, and IMO BXTN share price has hardly begun to reflect the bid interest shown and we can expect the price to continue to rise into June as everyone returns to the business of making money.

There is no way the 3 or more bidders can keep information under wraps as was shown at the weekend, so we are probably in for a daily helping of facts and rumours, which in IMO will cause the share price to continue its rise steadily. Just look a Friday the share price struggled to get past 60p, day by day rises a great because everyone can comfortably pick their buy/sell moment and price.

[sommet2] 26/5/2009 12:35

explorer,
From everything I have read a combination of BXTN and SGRO looks very good.If it goes the way I hope I will take the SGRO shares and hold because I belive there will be considerable interest in the "new" group.To this extent I hope to get as many SGRO shares as possible.I would even take a lower offer from SGRO to achieve this.I can see why others may be interested in an all cash offer from another party but a cash bidder will be able to buy BXTN on the cheap simply because cash is king.I agree that SGRO will offer some cash and like you I think 30p - but I am more interested in how many shares SGRO have to offer and I think it will be 3 or 3.5.So perhaps a total value of 100p per share depending on the share price of SGRO.Whatever happens it is a wonderful situation to be in.

[explorer88] 26/5/2009 11:58

fwiw, i understand that UBS are currently in the market buying BXTN heavily on behalf of SGRO.

As SGRO's stake in BXTN increases, they'll do well whether they're the winning bidder or not.

[sportbilly1976] 26/5/2009 11:55

just waiting for my other property stock, MNR, to also come out with a potential offer rns now :-)

[explorer88] 26/5/2009 11:51

looks like that to me.

[sportbilly1976] 26/5/2009 11:49

a possibility...?

[liyangnano] 26/5/2009 11:47

Brixton Shares Advance After Takeover-Bid Reports (Update1)
Share | Email | Print | A A A

By Chris Bourke and Peter Woodifield

May 26 (Bloomberg) -- Brixton Plc, the U.K.'s largest owner of warehouses, climbed to the highest in more than three months in London trading on newspaper reports that Blackstone Group LP and a fund backed by Macquarie Group Ltd. are in talks to buy the company.

The shares gained as much as 17 percent. Blackstone approached London-based Brixton about a possible takeover, the Sunday Telegraph said, and MGPA, a fund part-owned by Macquarie, has also held talks to buy the company, according to a report in the Independent on Sunday. Neither newspaper said where it obtained the information.

Segro, the U.K.'s biggest owner of business parks, said May 22 it may bid for Brixton. In a separate statement, Brixton said it was in talks with a "small number of parties" about a potential takeover.

Duncan Lamb, a spokesman for Brixton, and Sarah Gestetner, a spokeswoman for MGPA, declined to comment. Helen Winning, a spokeswoman for Blackstone Group, didn't immediately return a call seeking comment.

Brixton rose 10.25 pence, or 17 percent, to 72 pence at 9:45 a.m., bringing the gain for the past two sessions to 45 percent and giving the company a market value of 195 million pounds ($308 million). The shares closed at a 20-year low of 14.25 pence on March 12 and are now trading at the highest level since Feb. 13.

Brixton is at risk of breaking agreements on loans and bonds if real-estate values fall 10 percent this year, the real estate investment trust said March 16. The company is considering a share sale, restructuring its debt and selling assets to try to avoid breaching covenants.

[sportbilly1976] 26/5/2009 11:42

230k at 69.67....sell behind the drop just then?

[explorer88] 26/5/2009 11:39

sportbilly - yes, and a lunchtime treeshake too ;-)

[sportbilly1976] 26/5/2009 11:35

anyone else feel that it is being held at the 70p level as it was held at the 60p level on firday for a large buy order to be completed?