Burtonwood Share Discussion Threads

[bravil] 15/12/2004 12:27

Offer is 550 but currently trading at 571 - is this because people are opting for the W&D partial share offer? not sure what to go for myself!

[stan] 03/12/2004 17:54

it seems a fair price to me...but i should think there is a possibility of a slightly higher bid coming in though i doubt if anyone will pay much more...600p tops i would have thought...the share price suggests that the market is aware of others that may be interested...anyway it's nice that the bid has been announced and agreed by the directors so quickly after the initial statement. Why can't all weeks be this good!!!

[ed 123] 03/12/2004 11:16

Could it just be reflecting the strength of W & D (up 5% this morning)?

[badtime] 03/12/2004 11:09

buys in at 555...counter bid speculation?

[edmundshaw] 03/12/2004 10:04

Agree about Jennings, seems well run at present, and the Robinson interest is intriguing (though whether this would be a problem with a bid is interesting ...I think it is more likely to ensure at least that any bid will be full value). Small tick up there...

Nice to hold a good AIM stock with bid potential in a consolidating sector! Never know when a nice present might come along!

[abcd1234] 03/12/2004 07:42

well, there you have it..... £5.50

[ed 123] 02/12/2004 09:47

I'm going to hang onto my Burtonwood and see what bid emerges. £6 would be very nice.

I've got some Jennings, too. All quiet there. It looks a good business, though.

[edmundshaw] 02/12/2004 09:34

BND has assets of 440p pro forma, and a good business that itself is worth 300p+; however, it is hard to realise assets, so we won't see £7. Maybe up to 6 if there's no counter-bid. Worth holding on at £5 I think...

[ed 123] 02/12/2004 09:21

badtime

Only a guess, no inside information. Guess based on tangible assets, earnings and prospects. Someone's been buying in the low 500's, so they must think there's a bit more to come.

[badtime] 01/12/2004 10:26

Ed..wot makes u think 540?

[edmundshaw] 01/12/2004 10:25

Pure luck. I've had both sorts recently though... :-/

[abcd1234] 01/12/2004 10:17

.."topped up two weeks ago" .... thats fantastic timing

Well done!

[edmundshaw] 01/12/2004 10:05

Thanks for the new thread.

Been holding this along with JBC and BHG for the last 18 months, topped up 2 weeks ago after results :-)

Must say I expected JBC to go first! BND certainly has good assets though...

[abcd1234] 01/12/2004 09:23

New high reached...
yesterday we reached a high of 495
today we've got to 500

every little helps .... :O)

no ramp, just a statement of where the price has got to at the moment, dyor etc

[ed 123] 30/11/2004 09:26

abcd1234,

You're doing a good job with the news. Thanks.

I'm holding this one.

If a bid does emerge my guess would be 540 pence.

[abcd1234] 30/11/2004 07:10

Mentioned in the FT too...


Markets
By Michael Neill and Philip Stafford


Burtonwood rose 26.1 per cent to 485p after the Cheshire-based pubs group confirmed it was in bid talks.

[abcd1234] 30/11/2004 07:06

...and in The Times...



Business Briefing:Need to Know
30/11/04

Shares in Burtonwood, the brewer and pub landlord, hit a nine-week high as it revealed that it was in preliminary talks that could lead to a takeover of the company.

[abcd1234] 30/11/2004 07:03

.... and the Independent...



Market Report: Market Movers
Michael Jivkov
30 November 2004


Burtonwood 485p (up 100.5p, 26.1 per cent). Confirms that it has received a bid approach.

[abcd1234] 30/11/2004 06:59

From the Telegraph today......


Market report
By Yvette Essen
30/11/2004

Burtonwood surged 100.5 to 485p after the pubs group revealed it is in bid discussions with a third party.

[abcd1234] 29/11/2004 17:15

Just covered on Bloomberg.... :O)

Nov. 29 (Bloomberg) --
Burtonwood Says It Received Takeover Approach; Shares Surge

Burtonwood Plc, which owns or leases about 500 pubs throughout England and Wales, said it's in discussions that may lead to a takeover offer. The shares jumped as much as 26.1 percent.

Burtonwood didn't identify the suitor in a Regulatory News Service statement released today. The company, based in Burtonwood, northern England, said it will make another announcement ``in due course.''

The shares added 100.5 pence to 485 pence as of 4.30 p.m. in London, giving Burtonwood a market value of 105 million pounds. The stock has gained 40 percent this year.


Bloomberg
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

[abcd1234] 29/11/2004 17:00

Here's a link to all the news relating to the company before it made the slight change to it's name

[abcd1234] 29/11/2004 16:57

This is a link to the old threads from before the company changed it's name this year from Burtonwoord Brewery...to just Burtonwood

[abcd1234] 29/11/2004 16:34

No thread under the new name ..... so thought one needed to be created.