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DGC Dobbies Garden

1,265.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dobbies Garden LSE:DGC London Ordinary Share GB0002729738 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,265.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dobbies Garden Centres Share Discussion Threads

Showing 376 to 399 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
02/7/2007
13:00
Something moving or just a blip down?

Rgrds
$pong

spongman
29/6/2007
14:36
Hello chaps,

Any News of Sir TH/ Rothschild manouvers?

Regrds
$pong

spongman
26/6/2007
09:36
The market cap of DGC is small beer for the players round this table which is what makes me think the price eventually paid for DGC will not reflect so much it's value as a stand alone business.

For Tesco it's a strategically important broadening of their base and having now shown their hand to the opposition ie how they are thinking and what direction they are moving in they have much more than the added value of DGC as a part of their empire to lose if they don't now get it.

As for M&S + Waitrose getting DGC would be more important as a spoiler - they have to do as much as possible to stop Tesco achieving even greater dominance and buying power so that although they won't admit it would be their prime reason for participating if indeed they are. The fact that DGC would also be a pretty good addition to either retailers business model gives a rival bid from them something of a double whammie so I can certainly see why they could be interested.

I said earlier at DGc's market cap level a few pounds more on the share price is neither here nor there in the bigger picture - just have a look at what level executive benefits have now reached,even paying the failures off now cost hundreds of millions and shareholders don't generally bat an eyelid.

tuffbet
25/6/2007
16:28
Only if he's not deemed to be part of a concert party behind the rival bid - and I'm rather doubtful that the idea that he's not part of one would be regarded as plausible...

Gengulphus

gengulphus
25/6/2007
16:17
Thanx guys.

Rival bid from Waitrose/Marks with Sir TH onside? Beats Tesco bid with pledges from Sir TH but doesn't have to go as high as 18.45? What's your view chaps?

Best Regrds
$pong

spongman
25/6/2007
12:46
Link here to Scotland on Sunday's take on the possibility of a bid

SOS owned by Scotsman

tuffbet
25/6/2007
08:26
following link to article in Scotsman saying TH could bid together with waitrose or marks
wahlenm
24/6/2007
21:47
That last release re: Rothschild very interesting. Basic point being Sir TH not finished yet. Could be another uplift here tomorrow but p.e. not getting silly IMHO.

Good look all
Regrds
$pong

spongman
22/6/2007
16:44
tried a small sale today to test what the reaction was and got well above the bid so MM's happy to take stock by the look of things - no surprise there but worth finding out nevertheless
tuffbet
22/6/2007
15:45
I saw it quated as about £12 a share but that was before the last batch he bought at £18.45
rugs
22/6/2007
11:12
Thnx Wahlenm, That's a good ballanced article. I'm wondering now what Sir TH's average price is? - somebody somewhere knows (probably at Tescos LoL!) that would make a difference to his bargaining position and to any uplift by Tesco.

All IMHO

GL
Regrds
$pong

spongman
22/6/2007
08:43
Here is a link to Herald newspaper article on Dobbies in todays paper
wahlenm
21/6/2007
14:04
Thnx TuffB.

Regrds
$pong

spongman
21/6/2007
13:59
spongman

re directors shares going out so don't have time to help but if you have not already tried it go to the ADVFN News items for DGC and scroll through that - it's tedious but if you have the time you can usually find what you are looking for there.

All I know right now from ADVFN is that at end of January 2007 Barnes had 6.77% Brewin Dolp had 12.62% F&C 4.38%, Framlington 4.10 and Adam and Co a subsiduary of the Royal Bank of Scotland had 3.05% .

I suspect that for both the Adam and Brewin holdings these will be in respect of nominee accounts so most of the voting control there should lie with the individual share holders or if they have one their investment managers who won't always be Adam or Brewin - not much help but may contribute a little.

tuffbet
21/6/2007
13:44
SAGEM

can I suggest that if you post a piece of news or information lifted from else where you provide an attribution and date or preferably a clickable link otherwise it's meaningless - you could have made it up yourself - not that I am suggesting you did.

tuffbet
21/6/2007
12:02
Hope this is not old news:-

Today 21/06/07 Seymour Pierce gave HOLD recommendation on DGC.

Regrds
$pong

spongman
21/6/2007
11:28
Tuff,

Agree re above.

Gents, Just wondering does anyone know reasonably accurate figure of director ownershp? - I understand CEO has 7%; anyone know for other directors? I'm thinking these have to be included in the TSCO batch for now so wondering what sort of percentage of voting rights is left for TSCO to garner.

Also note that todays price action would allow TH to average down a little and take some more off the table if he desires. What do you guys think?

Regrds
$pong.

spongman
21/6/2007
10:22
wahlenm

Noticed your post 49 scared SWALKER (post 48 referred to rumours of a £20 bid) off I can't believe how often posters on ADVFN, assume other posters are gullible and naive, unsubstantiated claims such as that are such a waste of time and space.

tuffbet
21/6/2007
10:09
Correct me please if I am wrong. Am I right in saying that DGC is SETS traded rather than SEAQ?

I don't think DGC is SETS traded or SETSmm traded. If it were, I would expect at least some trades to be of type "AT" (one matched by the SETS/SETSmm order book) rather than type "O" (one done through a market maker). I would also expect it to show trades of type "UT" (uncrossing trades from the opening and closing auctions) at the starts or ends of at least some days, and I would expect to have seen it showing an "AU" flag in my portfolio listing when I look at it at the right time of day for those auctions (when streaming) or about 15 minutes later (when not). I have seen such flags on a few others of my AIM shares that do show trades of types "AT" and "UT" (for example, MJW), but not on DGC.

I'm not familiar enough with SEAQ, SEATS, etc, to know exactly which trading system DGC uses, but from the trades, it looks to be one of the ones based on market makers rather than an electronic order book.

Gengulphus

gengulphus
21/6/2007
10:04
spongman
Thanks for that
your response is much as I understand the situation - however the reason I ask the question is that in the past when I have put in a sizeable buy order in smaller stocks my broker has asked me if I was happy to give them time to "work the deal" and a few days later they invariably completed it despite the fact that little or no stock was available initially .

My interpretation of that (perhaps wrongly) was that they had put the deal to the MMs and they then used their tactical expertise to temp shaky holders in to releasing some stock.

tuffbet
21/6/2007
08:57
Hi Tuffbet,

There's always speculation over MM 'tree-shakes' and the like but they get paid primarily for making liquidity in the stock - 'making a market' not on a per trade basis (like a broker). A market Maker would tell u the reason the price has gone down is because he couldn't sell them at the higher price.

AIMHO
Regrds
$pong

spongman
21/6/2007
08:43
Correct me please if I am wrong. Am I right in saying that DGC is SETS traded rather than SEAQ?

If so this mornings fall which seems to be on very light volume may be the MMs taking advantage of a generally nervous market to pick up some stock in order to fulfill buy orders - it seems a reasonable thing to try in the circumstances - if they don't trade they don't make money.

tuffbet
21/6/2007
08:08
Hmm... The share price was 1800p when I started writing that, it's now 1732.5p... Maybe "drift down" wasn't quite the ideal choice of wording! ;-)

Gengulphus

gengulphus
21/6/2007
08:05
My view of the state of play: Tom Hunter has achieved his obvious immediate goal: blocking Tesco from an outright takeover of the company - without his agreement, they cannot win the vote if they use the scheme of arrangement route, and while they can still take control of the company if they use the traditional takeover route, they cannot take full control or delist the company, let alone compulsorily purchase the shares they don't control.

By lowering the acceptance condition to 50%, Tesco have indicated that they would be OK with getting control but not full control. However, they're not going to be getting many additional acceptances of the offer beyond those they announced had been given irrevocably in their original offer announcement: anyone who wants out can get a better price in the market, and those purchasing the shares at current prices are unlikely to be doing so with the objective of selling them on to Tesco at £15... If they want their bid to succeed, they have to either raise it or wait and hope that the market price will drop to below £15.

With his blocking holding, Tom Hunter can now afford to take a breather from buying shares. He has three options for his route forward:

1) Sell out to Tesco, which he will presumably only be willing to do if they raise their bid sufficiently.

2) Content himself with his blocking holding - let Tesco take control, but be a significant irritation to them, especially as any profits they make from the company will also be enriching their competition...

3) Make a bid himself, which has to be at least at the highest price he'spaid for shares recently, i.e. 1845p.

If he goes on buying at the rate he has been, he'll just be limiting his own options - first by driving the price up further, which raises the level at which he has to pitch a bid if he makes one, secondly by forcing him to make a bid if he goes over 30% of the company.

So I would expect him to ease off on the buying and see whether he can let the price drift down again - until and unless Tesco raise their offer or the Takeover Panel issues a "put up or shut up" deadline, he would probably prefer to be buying slowly at prices more in the £16 region than rapidly in the £18 region...

So my impression is that for the immediate future, both players would probably prefer to see the share price drift down - their short-term goals probably don't diverge from each other until the price gets rather closer to £15.

Whether market excitement will permit the share price to drift down that much is of course another question, but I suspect we're going to get at least a bit of a breather compared with the last week or so...

Gengulphus

gengulphus
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older

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