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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Charter Intl | LSE:CHTR | London | Ordinary Share | JE00B3CX4509 | ORD 2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 968.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 968.00 | GBX |
Charter Intl (CHTR) Share Charts1 Year Charter Intl Chart |
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1 Month Charter Intl Chart |
Intraday Charter Intl Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/11/2024 | 17:16 | CHTR | - |
| 04/11/2011 | 10:30 | Charters Charts | 2,545 |
| 20/6/2011 | 14:45 | Charter - good for a serious recovery ? | 166 |
| 08/2/2004 | 19:21 | 10% | 1 |
| 08/2/2003 | 18:02 | 10% | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 04/11/2011 10:30 by stevemarkus I suspect strength is due to the share price of Colfax which has gone up quite sharply (probably something to do with the latest positive Charter IMS and the market applauding their purchase) - puts the latest expected bid value at about 935p. Of course that's not due to come until sometime in the new year and a lot can happen between now and then, so may be quite a wise move to realise some profits.Cheers, Steve. |
Posted at 24/9/2011 09:08 by eipgam Copied from the FT and it's fine team of journos....Melrose sounds out Charter's investors By Alistair Gray and Anousha Sakoui Melrose has begun to sound out shareholders in Charter International about scuppering Colfax's recommended £1.5bn ($2.3bn) offer for the FTSE 250 engineering company, with a view to seeking irrevocable acceptances for a possible counterbid. The development comes after Melrose's share price fell sharply in recent days relative to Colfax, which has reduced the value of Melrose's indicative cash and shares bid. Shares in Melrose closed down 5.9p at 275.1p on Friday, valuing its indicative bid at 806p a share. Based on the price of Colfax's New York-listed shares on Friday afternoon, the US company's offer valued Charter at 908p a share. In spite of the gap which has widened significantly in recent days Charter's two biggest shareholders, Aviva and Schroders, are supportive of a formal bid by Melrose even though Charter's board backs the Colfax offer. Together, Aviva and Schroders hold about 17 per cent of the shares, which makes it harder for Colfax to reach the 75 per cent threshold to implement the deal by way of a scheme of arrangement as it intends. Shares in Charter closed down 6½p at 856½p on Friday, a significant discount to Colfax's offer. Chris Murphy, UK equities fund manager at Aviva Investors, said: "The recent market turmoil has not changed our firmly held view that Melrose is the best manager for the Charter assets. "Melrose has a demonstrable track record and is conservatively financed. The Colfax bid materially undervalues Charter against what we believe Melrose will deliver in the medium to long term." Aviva has in recent days become the biggest shareholder in Charter with an 8.7 per cent stake, according to Bloomberg. It also holds 3.5 per cent in Melrose. Chris Miller, executive chairman of Melrose, met one leading shareholder at the end of this week. Further meetings with shareholders are likely. Melrose has nearly completed its due diligence, and is close to finalising financing that will allow it to make a formal offer, one person familiar with the situation said. An offer from Melrose is not expected imminently, however. A person familiar with the situation said the board of Charter could provide informal support for an improved Melrose offer at 5p to 10p less per share than Colfax's offer. A person close to Charter said: "The offer from Colfax is the only offer that is on the table and the board felt that it was attractive and should be recommended to shareholders. At today's values, it is worth 13 per cent more than the Melrose proposal." |
Posted at 12/9/2011 15:33 by andrewhbruce Melrose is not the sort to walk away easily, depends on how much cash they can extract, too many new shares would be pointless I feel, as the share price would plummet?? It would probably plummet anyway!Another UK stalwart goes overseas!! |
Posted at 08/9/2011 11:49 by grigor If the MRO offer was a cash offer, the share price would be much closer to the offer price. |
Posted at 05/9/2011 06:17 by steeplejack Capped at around a billion dollars, Charter would be sizeable merger for Colfax.In effect ,a reverse takeover that'd suit Charter's management rather well i reckon.Excellent share price performance this year.CFX up some 27% on NYSE."The Company expects the acquisition, if completed, would be significantly accretive to earnings on a fully diluted basis(1) and would achieve a double-digit return on invested capital within three to five years" |
Posted at 26/8/2011 07:58 by steeplejack As far as Melrose is concerned,Charter is a pretty large morsel.Given that it's anticipated to construct a bid constituted of perhaps 70% paper,perhaps the market fears that a weak share price could ultimately scupper a definitive offer but i consider that unlikely.If due diligence confirms Charter's attractions, i don't see Melrose backing off and i don't see banking finance being a problem.Moreover,we know that Melrose has hardcore institutional support especially from the cross-holding quarter.The hedge funds of Charter might be a bit skittish and can be expected to go with the highest bidder but they're keen a deal gets done.The only reason i can see for a weak Charter price is that the bidder currently in talks hasn't any great credibility ie perhaps it's a private equity consortium which will have to go through all the complications of stripping this out to sell to a Lincoln etc etc.However,even that doesn't explain why the price is some 20% lower than indicated bids.The market seems simplistically to have observed that Melrose's price is some 20% lower and adjusted the indicated terms accordingly.Perhaps they're right but i'd be very surprised even in these traumatised markets. |
Posted at 23/8/2011 11:09 by alter ego well the 840 "offer" wasn't actually made, just indicated it might be made so some scepticism is justified. However, if CHTR are talking to another potential bidder it does suggest a higher offer. After all they rejected Melrose "offer" as inadequate so one assumes any new offer would have to be higher. Many a slip twixt cup and lip probably explains the share price for now. |
Posted at 09/8/2011 18:42 by grigor Just topped upI'm sure the major shareholders will want the MRO offer at this share price. |
Posted at 03/8/2011 22:40 by mike456 Hopefully not where it ended up the last time an offer failedI remember a bid of around £3.80 in the late 90s which ultimately resulted in the revelation of accounting irregularities and the share price tanked to about 35p My share certificate was in the post together with my acceptance of the offer when the share price started to fall and by the time it came back to me the shares weren't worth selling. There was a happy ending to the story though as the share price recovered and I sold up for about £9 a few years ago. |
Posted at 04/7/2011 21:15 by eipgam The content of that link is below. Unfortunately, the price Panmure Gordon have suggested is not reproduced in the article . (PS the ITW they refer to as a possible suitor are the Illinois Tool Works) ....PPS Thanks JackBroker snap: Panmure sees opportunities in Charter demise Mon 04 Jul 2011 CHTR - Charter International chart Latest Prices Name Price % Charter International 828.50p +1.47% FTSE 250 12,102 +0.51% FTSE 350 3,203 +0.47% FTSE All-Share 3,135 +0.47% Industrial Engineering 7,777 +1.32% LONDON (SHARECAST) - Panmure Gordon has raised its target price on Charter despite thinking the engineer is in a "sorry state." Shares in Charter dived after a profit warning in last month, but quickly recovered after receiving an approach from fellow engineer Melrose. According to Panmure, Charter's "demise has provided a significant opportunity for the next owner." The broker continues: "With accelerated investment and a stronger management team we believe that its problems can be fixed (it has emerged from intensive care before) and its margin can recover to double-digit levels." Panmure also thinks that other predators may enter the fray. "Charter's welding business is a leader in territories and end-industries outside of North America and China and we would expect trade buyers to trump Melrose's first bid level," it said. Among the possible contenders it identifies are welding groups Lincoln Electric and Boehler, manufactured engineered products group ITW and liquid and gas producer Air Liquide. |
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