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CHTR Charter Intl

968.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 968.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Charter Intl Share Discussion Threads

Showing 2651 to 2672 of 2800 messages
Chat Pages: 112  111  110  109  108  107  106  105  104  103  102  101  Older
DateSubjectAuthorDiscuss
14/7/2011
12:53
flatlining at the mo'. Perhaps the market is happy with the latest bid. Personally, I don't like the stock and cash offer, although if I had woken up a bit earlier this morning, I could have got 840 cash.....
eipgam
14/7/2011
08:57
Well this time he didn't - price shot up after the RNS at 9.14am. 840p will be a floor for a while.
deadly
14/7/2011
06:57
Robbie Burns got out, and he usually seems to know what he's doing.
only who?
13/7/2011
11:19
Newton Asset Management, active investor/liquidator/arbitrager, declared a 4.32% interest here yesterday with a confusing RNS statement (seems to include a sale as well).

I'm tracking the rest of Newtons' holdings here:

praipus
13/7/2011
09:20
SP recovering from yesterdays external influences. Are there any other pi's still aboard and waiting for a better price?
eipgam
07/7/2011
14:14
i'm all out .....this is a get out of jail card .....the melrose bid won't happen imo ......this will fall like a pig out the sky when it does
mrminister
06/7/2011
16:45
Trades totalling over 250k declared after the bell. Someone seems to be keen to buy loads of shares way above the Melrose offer price...
eipgam
05/7/2011
07:31
An acquisition.... who would have thought it?

and a late declared trade from yesterday? over half mill shares..

eipgam
04/7/2011
21:15
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 Jack

Broker 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.

eipgam
04/7/2011
11:56
They can easily afford to buy Charter given their modus operandum.Bits of Charter will be sold ,others honed etc.Sorry,does it sound horribly rapacious.Melrose has been looking for potential takeovers for awhile now and unquestionably will have cast a sliderule over Charter before now.Thus i don't see them chasing the price.
So let me take stock-if Melrose get Charter then,Melroses's price will fall and if the bid fails ,conversely Melrose will rise?There might be a bit of indigestion perhaps but not much i suspect.Look at Melrose's chart,there's a lot of faith in the Melrose management.It's a cheeky bid tho' cos if it's not seriously reviewed/accepted,in the absence of a third party,Charters going down to 650p odd.

steeplejack
04/7/2011
10:53
I've been in Chtr some time £4>£12>£3>£8 and back down to £5ish... this seems to be a surprising chance for me to pay attention for once and get out with a profit. A Melrose holder might be the wrong person to ask but where do you think this will settle? I suspect that the BOD will be holding for around £10...
eipgam
04/7/2011
10:50
Melrose are aiming to pick Charter up as cheaply as possible, they're not out to do Charter shareholders any favours any more than you are. Their own equity is presumably cheaper than debt but it may be that they risk overstretching their resources in bidding for Charter now. From what you are saying they can barely afford to buy Charter.
Why would I want to hold shares in such a company post deal, the market could well punish Melrose's share once it's taken stock of the balance sheet and trading prospects of the enlarged group?

jacks13
04/7/2011
10:39
Well,100% cash would be around £1.4bn against a mkt cap of £1.7bn.I guess they could do a 100% cash alternative if they knew that the primary institutional shareholders would largely opt for new Melrose shares.Anything to keep the private clients happy!.................but all cash?..........no that's not likely,why bother to have a listing.
steeplejack
04/7/2011
10:34
Are they able to pay 100% cash?
jacks13
02/7/2011
15:16
No doubt there is a genuine intention to buy, but partly financing it by manipulating the market (allegedly) seems sneaky at least, possibly something that should concern the FSA? Not that they care about frying big fish.
only who?
01/7/2011
10:22
True, they may have already made some profit by trading out and back in but their proposal to buy the business is genuine I think.
jacks13
01/7/2011
09:48
Interesting. If Melrose had started buying CHTR, surely the price would have risen more? What about the idea that Melrose have already made a packet by engineering the exaggerated fall, making an offer (not even a definite one)they know will be refused to pump up the price, then selling?
only who?
01/7/2011
08:49
Fair value for this share on current trading is probably north of 650p and the business franchise makes it attractive at that price to anyone wanting a medium to long term investment. So in my view that's the sort of level it would settle at if Melrose go away today.

Melrose are not however going away. They are clearly happy to pay 780p (ecstatic more like), they can still buy in the market at less than 800p, admittedly in small numbers. Large scale buying by them or any of their friends would of course bid up the price.
So no , Melrose won't have cooled, the process has in fact now started in earnest. Charter will need to put together a defence, either a convincing reason why holders shouldn't sell or in the interests of maximising shareholder value unearth a better offer from somewhere else. That's why Charter have had to appoint their own advisor.

A weakness of the offer is the Melrose paper component, up to 70% according to the Telegraph. I have no particular wish to become a Melrose shareholder. I could sell their shares post deal, but at what price. It throws uncertainty over the value of what is already a low offer. My view is stuff Melrose. Others may see it differently.

With the share at c800p other parties will certainly be looking on with interest and perhaps preparing for a possible involvement.

edit: I've said that Melrose are happy to pay 780p. On reflection they may be unable to pay 780p in cash, hence the paper component.
If they can't find more cash their ability to significantly raise their offer is limited. Their paper will only go so far.
Traded volumes are up over the last two days.

jacks13
30/6/2011
20:31
So discussions have ceased? Doesn't that require an RNS, and won't there be a massive fall as a result?
only who?
30/6/2011
20:20
Getting interesting!
jacks13
30/6/2011
18:16
Aren't we a bunch of cynics for thinking that anything even slightly underhand ever happens in stock markets?
only who?
30/6/2011
12:58
jacks13 - not much they didnt!!!
killieboy
Chat Pages: 112  111  110  109  108  107  106  105  104  103  102  101  Older

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