Charles Taylor Share Discussion Threads

[vprt] 11/11/2019 20:15

The lurking third party has until 5pm on Friday 15th (this week) to put up (a bid) or shut up. Interesting times!

[vprt] 11/11/2019 20:14

The lurking third party has until 5pm on Friday 15th (this week) to put up (a bid) or shut up. Interesting times!

[vprt] 08/11/2019 16:29

Yes, but with a third party lurking (as "a renewed approach" is explicitly stated).

The 7p extra can be read as e.g. investors betting that there is, say, a 20%(+) chance of 35p(+) more. So a higher bid is perhaps not likely, but it certainly seems quite possible - and especially as the volume picked up to millions this afternoon.

I agree - solid and steady. I suspect that shareholders may have struggled to value it accurately given the large adjustments items driving statutory profit into the red, and perhaps not fully appreciating the IT-driven growth opportunities.

I first bought a few CTR shares in 2011 (at 143p) and added many times, so it's my third largest holding. Like you I was a happy long term shareholder, and now I will get the (quite nice) problem of redeploying the cash - as Lord John Lee recently wrote about in the FT (after having called the mysteriously low valuation) - credit to him, yet again.

[galeforce1] 08/11/2019 14:38

It looks to me as if the significant shareholders in CTR have leaned hard on the private equity buyers and said 'if you want this deal to go through smoothly then raise your bid by 10%'.

There might just be a counter-offer from another party, but I doubt it. So I've sold out today at £3.52. It's a nice profit, but I'm sorry to say goodbye this very solid business that pays a good divi and seems to have a promising future.

[vprt] 08/11/2019 08:57

The early trading, with prices being paid WELL above the increased offer, would indicate that the situation might deserve to be called a bidding war.

I would love to see these prices continue with proper trading volume - the volume (that I can see, so far) is very low, so could be just a few retail punters.

[vprt] 08/11/2019 07:42

And who knows if this is the final price - perhaps the other interested bidder wants to put a higher offer on the table?

Now at least I will vote FOR the current offer - I was in two minds about that - and see what happens. A little more patience, just in case, only two more weeks...

From today's announcement:
"Following publication of the Scheme Document, Charles Taylor received a renewed approach in respect of a possible offer from one of such parties at a higher price to the Original Offer Price.

· In order to proceed with the Meetings on 22 November 2019 and retain the recommendation of the Charles Taylor Directors, LMP Bidco has increased its offer price to 345 pence in cash per Charles Taylor Share."

[vprt] 08/11/2019 07:21

345p is more like it, yes! Happy and relieved I held onto 75% of my CTR stake hoping for an increased offer. Well done to David Marock and the board!

[bench2] 19/9/2019 11:36

Just sold 30% of my holding at 323p , and put proceeds into CSN at 275p looking very unloved and another possible bid target .. you get 7.5% yield while you wait .

[galeforce1] 19/9/2019 07:49

Great to see a profit here, but as JimdiGriz says above, it's sad to see another good, solid business leave the market. The valuation has been much too low.

Another success for John Lee who has long held a position in CTR.

[touche] 19/9/2019 07:28

Trading over offer + div price. Counter bid from someone? Mr market thinks so

[jim digriz] 19/9/2019 07:15

Also didn't expect that, also just sold the lot.

Yet another good company leaving the stockmarket for at or less than what it's share price ought to be anyway after a period of share price weakness.

[steve c1] 19/9/2019 07:12

Just sold the lot at 322

[steve c1] 19/9/2019 06:19

Wow did not expect that

[jim digriz] 11/9/2019 07:54

Yes, looks good, continually improving, would be nice to have a profit without capitalising costs but what the heck, it does all seem positive. Holding and waiting.

[galeforce1] 11/9/2019 07:47

That all looks pretty healthy. Rising revenue and rising profits. Dividend 5%.

With a Mcap of £175m this seems good value to me.

The share price seems to be stuck in a range around 225. Hopefully one day we will brea out of this but in the meantime the dividend is a compensation for no capital appreciation.

[galeforce1] 01/5/2019 15:20

Beginning to look very buyable again

[its the oxman] 25/4/2019 08:50

Ex 8p div today. So out myself last week in mid 240s.

[its the oxman] 03/4/2019 23:18

This could easily move back toward 250p and still be very cheap. Sizeable div to collect as well.

[psync] 03/4/2019 17:32

He couldn't understand why the share price had fallen so much as he had been left with a good impression by the capital markets day and annual results. Over dinner with the CEO, he received words of reassurance that the current level of financial leverage and net debt were not excessive. He concludes by saying that he has added to his already important holding.

I put an order in for 200p this morning but unfortunately the price had already moved beyond that at the open.

[oilbethere] 03/4/2019 17:07

What was the gist of the article?

Thanks

[hiraniha] 03/4/2019 15:40

Article by Lord John Lee in today's FT, most of which is devoted to CTR.

[its the oxman] 03/4/2019 12:46

Why the spike up. Overlooked and cheap or anyone know a reason?

[riverman77] 14/3/2019 17:39

Out here at 20% loss - big mistake to invest in things you don't understand and I have really no idea about this sector. The annoying thing is I only held this because I thought it was a dull steady company that would deliver nice steady returns.

I'm sure it's probably a decent company and will bounce back, but not for me.