Compass Share Discussion Threads

[5bertie] 09/11/2005 17:28

gulliverr. Seems with £2 we found ourselves a solid foundation. The only way is up, agree with most you say, so let's make some money out of good old compass.
At least we're keeping the faith with this so-called bombed out share, good on us, we'll reap the rewards. Good luck and greetings.

[waldron] 09/11/2005 12:21

SG Securities Upgrades Compass Group To Buy

Wednesday, November 09, 2005 6:38:18 AM ET
Dow Jones Newswires



1128 GMT [Dow Jones] SG Securities ups Compass Group (CPG.LN) to buy from sell, saying visibility remains low going forward and the shift in strategy, with the disposal of the travel concession business, SSP, brings additional risks. "However, the share has reached our downside scenario of 170p-180p and we believe the current valuation limits further downside risks." Reckons industry offers attractive long-term growth prospects and high FCF generation. "We therefore believe that value and FCF (stable at above GBP270M on a recurring basis) could be extracted over the next 12-18 months thanks to announced restructuring." Pegs fair value of 225p. Shares trade +0.1% at 200p. (SMT)

[gulliverr] 09/11/2005 09:15

CPG one of the top risers yesterday. May it long continue and deter the sharks.

COMPASS ENLISTS HEADHUNTER FOR TOP JOB

Compass group (CPG.L: Quote, Profile, Research) , the embattled international caterer tainted with U.N. bribery scandal, is shopping for a replacement for Mike Bailey, its chief executive, and has reportedly hired Jan Hall, one of Britain's leading boardroom head hunters, to help it find suitable candidates. The search process is believed to be in its infancy, though some names are already being mentioned as possible candidates.

[5bertie] 08/11/2005 17:35

gulliverr. Such is life but we all like a bargain. Good luck and greetings.

[gulliverr] 08/11/2005 09:07

I came out last week with a suggestion of £3+ so we are in agreement there but, as you say, it may not happen. A lot of the bidders are certainly looking to take it out cheap and get a bargain which would irritate me.

[5bertie] 07/11/2005 17:22

gulliverr. Unfortunately we have to accept what's on offer, but it will still be a good price. I'm spreadbetting so I'm really only interested in pricemovement, basically the higher the better. If there is a take-out bid, I think it will hover in the £3.20 area. But ofcourse this is pure speculation.
For all we know this present bid fever can stop as quickly as it started.
Anyway this is my take on things. Good trading and take care.

[gulliverr] 07/11/2005 10:41

The main problem is the said 9 month hiatus between Sir Roy Gardner taking over from Mackay. It is also said that Gardner has a list of new CEO's, one of whom he would like to see in place early next year. While this management uncertainty exists, the share price is unlikely to do much. But I'm a patient type and still feel the company is under-valued. As for a bid, yes, the company is vulnerable to a cheap buy out WHICH I WOULD NOT SUPPORT. It is worth more than the current price and I'd sooner wait for the recovery.

[jakespade] 04/11/2005 23:05

The bidder could be CD and R, they own Brakes and Brakes signed a 1 Billion pound 10 year contract with compasss this year.....DYOR

[5bertie] 04/11/2005 19:13

gulliverr. We gets paid for the company what the bidder thinks it's worth.
I still think initial bid if there is a bid situation will not go over
£2.60. This is no different than buying a car or anything else. First bid will
be negotiating bid. £3.- certainly possible, but not in near future. Spring
next year if we're lucky. Greetings.

[gulliverr] 04/11/2005 15:16

Looks like it could be. Onwards and upwards.

[halogen] 04/11/2005 15:06

Strong as an ox this afternoon,new level of support £2.00.

[gulliverr] 04/11/2005 08:34

Today's question is whether it will hold that gain. I would expect to see some shorting trying to drive it back down. If that succeeds it can fall back towards 190. I'm 50/50 on this.

[big bad al] 03/11/2005 18:21

Spot on gulliverr,this is far from a lame duck ..

[gulliverr] 03/11/2005 16:49

Ended well at 203. Let's hope the Dow holds on better job figures and the good sense continues to prevail tomorrow.

[gulliverr] 03/11/2005 15:03

Now the UK Chief Exec has been fired we have the start of the management sort out I said would be needed and sure enough the 200 has come as I said. My predictions are not based on bid froth but on the fundamentals of the company which is worth over 300 when it is sorted.

[dhb368] 03/11/2005 09:34

Was worried when I saw that.

Market sentiment has definitely shifted back in favour of CPG. Two weeks ago we would have fallen on that news.

[grupo guitarlumber] 03/11/2005 07:24

UN Investigation Update

RNS Number:5714T
Compass Group PLC
03 November 2005


3 November 2005

Compass Group PLC
UN Investigation Update

On 21st October the Company announced that it had instructed Freshfields to
conduct an investigation into the relationships between ESS, IHC and the United
Nations. Ernst & Young are assisting Freshfields in this investigation. The
investigation, which is continuing, is being overseen by Steve Lucas, Chairman
of Compass's Audit Committee.

The investigation has raised serious concerns as to whether, within ESS, there
has been, in connection with IHC and the UN, improper conduct and a failure to
comply with the Company's statement of business principles (which apply to all
staff, whatever their seniority). As a result, Peter Harris, whose suspension
was announced on 21 October, is being dismissed, together with Andrew Seiwert
and a further mid-ranking executive who was associated with UN contracting. The
management of ESS is being restructured.

Compass will be continuing to cooperate voluntarily and fully as appropriate
with the UN and US authorities, including the Office of the United States
Attorney for the Southern District of New York.




This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCBJBMTMMIMMFA

[5bertie] 02/11/2005 17:19

gulliverr. I agree with patricktrfc. £2.40 - £2.60 range far more sensible, no bidder is going in guns blazing and start offering £3 up-front. I'm afraid we will have to go through the whole gammut of bid and counter-offer. I'm long from £1.80 and once it gets over £2 start following on tight stoploss. I'm hoping this one should yield at least £1000. well that's the plan anyway and also FTSE100 is on the turn could also have an influence. Greetings.

[nirag patel] 02/11/2005 17:17

hope so but 300p target is very optimistic. probably in few years time
will be snapped up before it reaches there.

[gulliverr] 02/11/2005 16:28

I don't think 300 is over-optimistic. It's at the lower end of my expectations. The current problems are negligible and so much journalistic hot air. Read my previous posts on the stupidity of the panicking herd.
I believe it's the UN who are at fault for poor controls on the FFA programme and that they are desperately over-reacting.
It is key for Compass to get a full management team in place as soon as possible and when that happens my price predictions will solidify. Commonsense sees 200+ shortly. Then the analysts, herd-followers all, will adjust their targets on fundamentals rather than rumour and speculation. The shorters will jump on the next rumour-target and the price will start to reflect true value again.

[dhb368] 02/11/2005 16:10

Very close now. Started to take some profit @ 195, but thankfully CMC were slow and I had only sold £20/pt when we moved north again!

[darkside] 02/11/2005 16:08

Very close now

[psps] 02/11/2005 08:49

not far now for a whole 200p

[5bertie] 31/10/2005 17:20

gulliverr. Reckon £3 slightly overoptimistic, would be nice of course. I think
in near future realisticly £2.40 - £2.60 range. Done a lot of spreadbetting on this share in the last 12 months, always long after dips, always made good money. I certainly believe we have seen the worst and from now on it will be
upwards. Good trading and greetings.

[patricktrfc] 31/10/2005 14:59

On a T25, should see a recovery to 2.00 anyway but a bid could be in the offing...will just be looking at weekend papers for a more substantial rumour, then we should see 2.30 (a la 02, P&O) seems to be the season for it.

P