Charter Intl Share Discussion Threads

[only who?] 24/8/2011 11:24

So why's it going down?

[seconduser] 24/8/2011 10:56

Offer for company considered too low. Schroeders and Aviva will put pressure on them.

[lennonsalive] 24/8/2011 10:02

Why wouldnt Charter open the books?

[only who?] 24/8/2011 06:59

Being incurably cynical, I'm wondering if this mystery bidder is just someone wanting to make money by manipulating the price up and down.

[seconduser] 23/8/2011 23:17

That's exactly what I thought - but didn't want to start off a new round speculation. Oh well - we've done it now!

[eipgam] 23/8/2011 20:29

Ta 2nd.... my opinion is that it is a private equity outfit looking at them. That's based on nothing at all except a guess... and probably an illeducated one at that!

[tez123] 23/8/2011 15:54

Thanks for your clear direction eipgam.

Damn glasses, i knew i should have gone to specsavers.

[eipgam] 23/8/2011 15:46

perhaps you would like to look only four posts back for an answer!

[tez123] 23/8/2011 15:35

Anyone have any ideas who the new bidder could be?

[jrr774] 23/8/2011 14:56

Why? Any bid would have to be above 850p. I don't think an additional bidder would justify a 20%+ discount to this, quite the opposite.

[only who?] 23/8/2011 14:50

Think it could drop right back below 700 before the close.

[eipgam] 23/8/2011 14:38

"City sources claimed Charter received the 870p-a-share indicative offer in the middle of last week."

for more speculation about bidder etc , see

[abcd1234] 23/8/2011 13:37

HI eipgam....its on my careful watch list, waiting for drill news ;o)

[eipgam] 23/8/2011 13:06

Hi abcd.. have you abandoned CNE?

[abcd1234] 23/8/2011 12:38

that was due to the press coverage

[grigor] 23/8/2011 12:20

That wasn't a well kept secret!

Heavy buying in the morning before the announcement.

[alter ego] 23/8/2011 12:09

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.

[eipgam] 23/8/2011 11:34

Thanks for the heads up, S

I wonder why there is a 760ish ceiling on the share price at the moment when an 840 offer has already been lodged and a white knight has appeared this am?

[steeplejack] 23/8/2011 11:20

Yes,a bidding war is very much on the cards and 900p is quite feasible.Charter's days are numbered.Melrose figures tomorrow.

[td73] 23/8/2011 11:19

That's me gone, I'm taking my 20% gain and running, probably miss out on a bit more upside but not fussed...

[only who?] 23/8/2011 11:18

900p, here we come...