Cadbury Schweppes Share Discussion Threads

[only who?] 20/1/2010 08:39

Yes, probably another bid lined up.

[topicel] 20/1/2010 08:22

Watch Hershey yet.

Topicel

[topvest] 20/1/2010 08:14

What confuses me is;

- On Monday shareholders received a document saying 770p was derisory and that Kraft were stealing the company.

- Within 24 hours its a recommended offer at 840p.

Staggering timing.

- 10% more from derisory = a poor deal!?

[topicel] 19/1/2010 17:02

I think you'll find oh careful deramper that £8.40 is locked in however Kraft's share price reacts. Just more cash from their creditors, hence why they went down to 18% of issued shares to not involve Buffet and all, rather than push 20% of shares which would have needed shareholder approval over there.

Got room to manouevre, unless something really bad happens like an invasion of mice break in and eat all the stores of dairylea. Low class mice mind you.

Some people.

Topicel

[careful] 19/1/2010 16:12

well done those who stuck it out.

[bukko] 19/1/2010 16:10

Hyper,
Because they are being taken out for only 13 times 2009 earnings - at the low end of valuation for the sector. And part of that I regard as junk food shares.

[topicel] 19/1/2010 15:57

circa 1%. Lol.

Topicel

[hyper al] 19/1/2010 14:30

lurnin

" major Cadbury shareholder Standard Life said Kraft needed to bid over 900p per share to get its support."

Do you or anyone else know why and how SL came up with that 900p value?

What % do SL own?

[psps] 19/1/2010 14:15

oh well no more english chocs from now on

[kumala] 19/1/2010 13:44

Topicel : On Bloomberg TV this morning, in a discusion between two reporters.

K

[topicel] 19/1/2010 13:23

Very surprised you stayed the course Tinker. What were you thinking for an extra 20p from the November highs of £8.14?

Bizarre!

K - interesting from Bloomberg. Was it on their TV ticker or the internet terminal?

Topicel

[kumala] 19/1/2010 10:32

Lol Tinker: can't be bad, goodonya.
K

[tinker] 19/1/2010 10:25

out at 834.50. 56% gain. Mustn't be greedy. Pass the chocolate :)

[kumala] 19/1/2010 10:22

Just been reported on bloomberg, that "Hershey would have been expecting an offer price at around this figure, and would have lined up investment by there suporting banks to come back with a counter offer/bid" we will have to wait and see.
K

[norbus] 19/1/2010 10:04

UK plc deserves to be in the doodoo if they let quality companies like Cadbury go for peanuts to feed a tired company like Kraft. Is Cadbury management saying they can't take it forward?

[investinggarden] 19/1/2010 09:56

What Investment stock pick: Kraft moves closer to Cadbury deal

[kumala] 19/1/2010 09:21

looks like we have a slight upward movement to the share price so far this morning considering the wider market and sells outnumbering buys, everybody now should be in profit and no one knows how much higher we will go, hence the stronger selling than buying. its a case of how long one will hold before selling if one is not going to take the offer.
K

PS: if the share price hits £8.50 (my target) it will be hard for me to justify to myself why i should stay in with what we know at present, unless other news comes to light to change my mind.

[topicel] 19/1/2010 09:14

Just granstanding lurnin. They were small among the major shareholders so weren't really doing more than stirring the chocolate.

It will need a counter-bid but that does seem difficult at this price. Most have got what they wanted in value. So be it.

Topicel

[kumala] 19/1/2010 09:12

Topical: Yes the £8.50 has been reached but in a mix of cash / shares / divi. my hope/target was for the share price to reach this figure making once sold a full cash return, Im not going to wait the term and end up with kraft shares.

I did expect/hope for a spike to above the £8.50 considering all aspects of talk being bantered from all quarters, however this has not hapened and maybe we now have a base at above £8.30 where the share price might indeed rise a little more through the day or coming days.

It apears to be that the offer is being accepted so if Hershey is thinking of making a move I would think it will be sooner than later (maybe sometime today we will hear more from Hershey).

As far as what I'l be doing, well for now am siting tight, the intention is to exit ASAP, (with a profit) I dont intend sticking around till offer deadline and end up holding overseas stock etc, It does not meet the criteria of what this side of my portfolio is ment to do.
K

[lurnin] 19/1/2010 08:49

not a holder but may be of interest. Kraft had been expected to raise its bid by the deadline set by the UK Takeover Panel and many Cadbury investors said they would not contemplate an offer below 800p to 850p per share. Earlier on Monday, major Cadbury shareholder Standard Life said Kraft needed to bid over 900p per share to get its support.
Both Kraft and Cadbury declined to comment.

[topicel] 19/1/2010 08:46

Kumula - the £8.50 forecast right back in September has been achieved - there is a 10p dividend if you wait until April - and therefore my aims have been met.

If you take the current share price and sell you don't lose much, so each must decide what is going to happen next. Hershey may still go higher but after Kraft's bid has been recommended it would appear they've had no indication that Hershey can counter it, and therefore the game is over.

I'd be worried in Cadbury H.O. but that is global business for you. As for the SP, it could still climb to £8.50 later today - or more in days to come - as many times it settles above the agreed price at certain stages.

What will you do?

Topicel

[frankiestheone] 19/1/2010 08:35

I hope they have their pension fund ringfenced....buffet will have his gready eyes on it....but hey, the capitalism

[kumala] 19/1/2010 08:30

Unless Hershey makes a move soon might it be to late for any other deal to be done, (Hershey has till 23rd to make offer) looks like all the talk by the press and the "men in the know" of CBRY going for circa £9 was pie in the sky then. :(
K

[hyper al] 19/1/2010 08:15

I think we should have a government buy out. How comes they are allowed to do it for banks but not for a company which is a major part of our heritage!

It will work out cheaper for the government as well, because the impact on unemployment will be high and that costs!

[kumala] 19/1/2010 08:12

No news from Hershey yet then, I thought a higher spike would have been on the cards, but the day is not over yet.............