Carluccio's Share Discussion Threads

[spaceparallax] 06/8/2010 15:05

my top of the head recollection is that they retain a significant chunk

[dnfa1975] 06/8/2010 14:52

up again. Simmering lovely

[harrogate] 06/8/2010 14:46

Not sure how much they own ...not much would be my guess??

[spaceparallax] 06/8/2010 14:40

I don't think the family would be willing to take less than £2ps. Don't forget, there is tremendous sentimental attachment.

[dnfa1975] 06/8/2010 13:31

May 5, 2009
Carluccio's shares jump 25% on bid approach
Dominic Walsh
Shares of Carluccio's, the Italian deli-dining operator, jumped by 25 per cent in early trading as the company confirmed that it had received a bid approach from an unnamed suitor.

City sources suggested the approach had come from a private equity firm seeking to take advantage of the group's depressed share price, with analysts citing a likely bid level of 110p to 120p a share.

Many of the country's best-known chains are already in private equity hands, with Blackstone's Tragus Group owning the Café Rouge and Strada brands, and Cinven's Gondola Group running the PizzaExpress and ASK chains.

Both Blackstone and Cinven were last night being cited as possible suitors for Carluccio's.

Richard Caring, the millionaire clothing and leisure entrepreneur who has built up a 12 per cent stake, is tipped as a possible counterbidder in the event of a firm offer.

Mr Caring, who owns such London eateries as The Ivy and Le Caprice and the fledgeling Côte chain of French bistros, is known to have previously considered bidding for Carluccio's.

The shares, already buoyed by speculation, initially leapt to 98.5p, up 25 per cent, valuing the business at about £57 million, later falling back to close at 92.5p, up almost 18 per cent.

In a Stock Exchange statement, it said: "The board notes the recent movement in its share price and announces that it has received a preliminary bid approach. This preliminary approach may or may not lead to an offer being made for the company."

Analysts said that any offer would have to be pitched closer to 150p to be considered, given that the company is cash-positive and still has huge development potential.



Deja vu? 150p would do nicely :0)

[spaceparallax] 06/8/2010 13:17

looks like our breakout approaches

[trendfloor] 02/8/2010 13:35

That chart I was mentioning Carlucious CARL.....

[spaceparallax] 30/7/2010 16:00

long time til then - last years results were Dec

[dnfa1975] 29/7/2010 10:43

when are next results

[spaceparallax] 23/7/2010 10:14

nice to be touching £1 again.

[spaceparallax] 11/7/2010 11:36

It would need to be a very generous bid.

[dnfa1975] 09/7/2010 08:34

bought some for bid feverrrrr

[spaceparallax] 17/6/2010 12:56

I think today's 30K seller will come to regret taking the profit so soon - this share is destined to rise steadily.

[rbcrbc] 14/6/2010 11:07

It seems to be rising faster than the trades alone would justify - Certainly a significant buy in the background (to be late reported) even if it doesnt result in a bid.

[spaceparallax] 14/6/2010 10:51

I doubt it. I think it's simply the mkt slowly reacting to the recent good news, which followed after analysts downgrades. Any bid for the Company would need to be well in excess of £2pps

[spaceparallax] 11/6/2010 09:56

Sp continues to creep steadily upward.

[spaceparallax] 02/6/2010 13:28

good to see a little share price life

[spaceparallax] 18/5/2010 08:38

cheers Sig