Share Name Share Symbol Market Type Share ISIN Share Description
Countryside Prp LSE:CYD London Ordinary Share GB0002280401 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 9.30p 0.00p 0.00p - - - 0 06:33:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials - - - - 0.00

Countryside Prp Share Discussion Threads

Showing 201 to 223 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
JONN01 - well, the bad news is that you're almost certainly going to lose on this cos the bid is going ahead @ 280. The good news is that, as long as you didn't short this too long ago, you shouldn't be losing much as you can't have sold too far below 280p.
I don't believe it. I've accidently shorted this instead of countrywide...and only just realised, have any of the regulars on here who know this share have any comments....doesn't seem to be that busy here!
And what a lot of fuss for nothing otherwise!
I accepted the offer as soon as the letter of offer came through my door but I am "the most stupidest user on ADVFN" who did buy at 1.93p on the Tuesday and saw it nearly 3.00 the same week. I can afford to take 2.75p
Hmmm, so the take up for the offer is very unenthusiastic. 22 per cent minus the 14 percent controlled by the Cherrys means that only about 8 percent of shareholders have accepted the offer and the price remains well above the offer price. Is a counteroffer imminent? PG
At 285.5p mid-price, CYD is still above the 275p offer from the Cherries. My broker's cut-off date for acceptance was yesterday Monday 06 Dec. I did not respond, Apparently Friday 10 Dec is the first deadline, and an announcement is expected on Monday 13 December. As I understand it, possible outcomes include: 1. High acceptance - Cherry offer has been successful (I doubt that, somehow). 2. Mid-range acceptance - extension of offer, at same price. 3. Low acceptance - offer withdrawn. Of course an alternative bidder could still come in at say 300p.
bumpy dog [new]
I'd expect 300p or more.
bumpy dog [new]
I'm not accepting the offer yet either, for obvious reasons. Anyone care to guess what level Rock might pitch their counterbid if they make one? I'd have thought it'd need to be at least three quid, but perhaps I'm being overoptimistic!
Up to 283p, on the back on the RNS mentioned below. I've received the official offer documentation via my PEP/ISA manager, but have not submitted an acceptance. Anyone else still got a holding ? LONDON (AFX) - Rock Pacific, an investment company whose directors include Tottenham Hotspur PLC director Paul Kemsley and chairman Daniel Levy, have declared a 28.1 pct stake in Countryside Properties PLC, sparking talk of a counter offer to the recommended 275 pence a share offer from Copthorn, a company controlled by the Cherry family. In a stock exchange announcement this morning, Rock confirmed that it has lifted its stake from 13.5 pct to 28.1 pct through a combination of share purchases and CFDs -- contracts for difference -- with broker Cantor Fitzgerald.
bumpy dog [new]
From today's Grauniad: Kemsley rocks Countryside buyout Neil Hume Wednesday November 17, 2004 The Guardian Housebuilder Countryside Properties was the main talking point among City speculators yesterday as its shares continued to trade at a premium to 275p - the level of chairman Alan Cherry's £218m buy-out offer. In fact, Countryside shares crept up 3.5p to 281.5p after Rock Pacific, the Bahamas-based investment vehicle controlled by Paul Kemsley, a seriously wealthy property entrepreneur, declared the purchase of a further 1.15m shares. Monday's dealings, which were all above the offer price, takes Rock's stake in Countryside to 12.3%. Rock also owns a further 11.58m Countryside shares - around 14.5% of the company - via a contracts for difference. Traders said Rock's continued stake-building had raised hopes that someone will attempt to trump Mr Cherry's recommended cash bid. If anyone decides to make a counter-offer it will be because they believe Mr Cherry's offer does not reflect the true value of Countryside's landbank. At the time of Countryside's half-year figures, the land was valued at £194m. Analysts note that most of the land is located in the Thames Gateway and along the M11 corridor - areas identified by the government for significant development. Mr Cherry, who is being advised by Merrill Lynch and PricewaterhouseCoopers, announced his offer for Countryside at 6.53pm last Friday evening. The statement outlining the terms of the offer revealed that the Cherry family has agreed to exchange most of its stake in the company - 14.2% of their 17.1% holding - for shares in the buyout vehicle, Copthorn Limited. If the deal is completed, the Cherrys will control 50% of Copthorn and this could increase to 60% if certain financial targets are met. The rest of the company will be owned by the Bank of Scotland, which is financing the deal. The statement also revealed three other parties expressed an interest in bidding for Countryside and were recently given access to a data room. It also showed that the three independent directors who considered and recommended the Cherrys' bid received payments of between £10,000 and £12,500 for "additional work and responsibilities" associated with the offer.
Now trading at 278p / 283p. One possibility, hopefully the correct one, is hopes of a counterbid. Another possibility, perhaps somewhat unlikely, is short covering.
bumpy dog [new]
See that price is now higher than the level of the bid (275p) - looks as though market is anticipating counterbid?
Taylor20 - thanks for that. As far as I am concerned, the involvement of a potential second bidder is good news. I'd be less suspicious of Rock than a cosy little deal involving the rather inept Cherry family.
bumpy dog [new]
bigboots - what's the connection between CYD and Rock Pacific ?
bumpy dog [new]
If your wondering who Rock Pacific is - its an arm of Rock Securities fronted by a guy called Paul Kemsley.He is the front guy for a person known as Joe Lewis a Bahamian Billionaire who lives on a boat in the Bahamas as a tax exile. He is heavily into investing for a short term gain and also quite big in property. Paul fronts all his investments over here. I WOULD NOT TOUCH THIS BABY IF THEY WERE INVOLVED !!!!!!! BEWARE
LONDON (AFX) - Countryside Properties PLC has reiterated that it expects its full-year profits to be "well below" last year's pretax level of 36.1 mln stg. On Sept 23, Countryside said profits would suffer as recent UK interest rate rises had slowed the housing market, while construction delays affected a handful of projects, limiting the number of homes sold. Countryside said today that it has completed the sale of 915 new homes during the past year. In addition, 976 new homes were completed for housing associations and others under design and build contracts, while land sales raised approximately 45 mln stg. tc
soul train
And I bought 25,000 LTS at 10am after its results entered the public domain;
And I bought another 1000 at 193p on the Tuesday after the bank holiday and Dignity plc Money goes to money lads; how's CMS Webview doing. Boys and their silly toys. Sorry.
AFX today:- ................................................................................ LONDON (AFX) - Buyers again pursued Countryside Properties in the wake of yesterday's news of an approach by the Cherry family to take the housebuilder private. Panmure Gordon has shifted its stance on the stock to 'buy' from 'hold'. The house believes there is a chance of a profits warning coming through, even though the company is H2 weighted. Panmure does not believe that a third party bid can be ruled out. This, it said, is a catalyst for consolidation in the sector and the house reckons Crest Nicholson is an attractive target. Countryside shares were 2-3/4 pence firmer at 268 by 8.21 am, while Crest were unchanged at 355-1/2.
bumpy dog [new]
The times report that the bid could most likly to be pitched between 270 and 280. bid in that case the price would be higher.
Looks like most small time holders in the HB sector have panicked on the basis of rising intrest rates. Sector rating looks pathetically cheap with stocks like bbc trading on a PE of 4 for christs sake
So, has the CYD underperformance been due to ineptitude, or have the Cherrys been throttling back so that they could pick up the company on the cheap ? Up 36% and third on ADVFN's top riser list, and still only half a dozen posts ! But, I've still got 2/3rds of my peak holding, so it's been a good day for me. ydderF - did you short this one ?
bumpy dog [new]
and up again 36% today to 260 - you lucky holders. I lost patience with thsi months ago.
trader horne
Chat Pages: 9  8  7  6  5  4  3  2  1
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20171120 12:01:02