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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Dtz Hldgs | LSE:DTZ | London | Ordinary Share | GB0002606118 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.96 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 6.96 | GBX |
Dtz (DTZ) Share Charts1 Year Dtz Chart |
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1 Month Dtz Chart |
Intraday Dtz Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/1/2012 | 21:25 | DTZ - A solid global professional | 735 |
| 11/1/2010 | 12:02 | DTZ holdings charts and news 2005 | 5 |
| 21/8/2009 | 10:33 | DTZ, AN OUTRAGEOUS BARGAIN | 212 |
| 25/1/2006 | 22:27 | Confident DTZ does the business | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 15/1/2012 23:57 by bubble pricker I was able to buy back at 0.3p after the de-listing, and I took that opportunity to close my short rather than wait forever for it to be closed out at zero.On that article, which [ ] kindly posted: "The Tianjin Innovative Financial Investment Company (TIFI), a company responsible for building a huge investment zone in the northern Chinese city of Tianjin, can be revealed as the mystery party. It submitted an offer worth £50m more to DTZ's shareholders and £40m more to its creditors, RBS, than the deal accepted from Australian group UGL. [...] In a report from the administrators, Ernst & Young, the TIFI offer was described as 'unfunded'. The report said the offer would have taken eight weeks to complete, and that the board considered this to be too risky a proposition in the face of the company's cashflow position." So there you go, it was an "unfunded" offer. TIFI were flying a kite and kicking some tyres. DTZ was in a cash flow crisis. RBS had cut off further credit. The TIFI "offer" was supposedly £40 better to RBS than the prepack, but RBS still rejected the offer. That just speaks columes about the confidence RBS had in the offer. "The source close to TIFI argued that if its 18p-a-share had been made public, the market would have rallied around the company." This is of course bonkers. TIFI essentially did not really have the dosh, or were not willing to really put it on the table. Instead they were hoping the market would "rally" around DTZ just on the announcement. Well, why did they not announce a hostile takeover then, after they were turned turn by the DTZ board and RBS? They cannot have been too serious about their intentions. |
Posted at 09/1/2012 12:32 by spectoacc The only interesting thing here is it shows how much insider-trading was going on when the shares did that spike up to 10p. Nice to see them get burnt: just hope they weren't sufficiently "informed" to dump again in time.UGL paid an EV of at least £77m for DTZ; an offer of £49m for 50% clearly wasn't a better outcome for the debt holders (chiefly RBS). DTZ was in a hole; add in working capital requirements and much less than £49m would have gone into repayment, as opposed to most of the £77m from UGL. To presume the other deal was better is to assume that DTZ were in a temporary fix that another capital injection could solve. The evidence is to the contrary. |
Posted at 09/1/2012 12:17 by duncandisorderly What a fu*king con,talk about fraud.What can we do.......The administrators' report into the collapse of DTZ reveals that on December 2 last year a confidential bidder offered to make a £48.8m equity injection into the company and refinance its debt in exchange for a 50.1pc shareholding. However, just three days later, DTZ announced it was being sold to Australian group UGL through a pre-pack administration that valued the company's equity at zero and removed it from the stock market. The report by Ernst & Young says the alternative bid was rejected by DTZ's directors because they considered there was "insufficient time" to implement the proposal, it posed "too great a risk" because of a cashflow crisis and the chance UGL could walk away, and it did not have the support of DTZ's main lender Royal Bank of Scotland. The bid would have maintained the company's stock market listing, required shareholder approval, and taken about eight weeks to complete. DTZ was valued at £500m in 2006 but the agent ran into trouble as the property market crashed and it suffered disruption from failed takeover talks with its largest shareholder Saint George Participations |
Posted at 29/11/2011 11:27 by typo56 Please feel free to elaborate on the sale price and the debt level then, if indeed it is sold.I'm not saying it's a long or a short. I'm saying that I doubt anyone who isn't an insider can really know. Given the level of debt the share price is heavily geared to the possible sale price, is it not? A little bit either way could be significant for DTZ ordinary shareholders? |
Posted at 25/11/2011 16:52 by bubble pricker The article is poorly researched journo drivel. It may very well be that UGL may in total pay $250m to acquire TZ. However, such money will in the first instance be used to pay off DTZ debt. It is nonsense to believe that UGL will hand over $250m to existing DTZ shareholders, and then inherit all the debt on the balance sheet.Once again, the company itself has said that DTZ sharholders will get nowt. 8 November 2011 DTZ Holdings plc ('DTZ / 'Group' / 'Company') Selection of preferred bidder On 7 November 2011, DTZ announced that it continued to evaluate interest in the business generated through the formal sale process commenced on 19 October 2011. DTZ is now pleased to announce that it has selected UGL Limited ('UGL') as its preferred bidder. [...] The valuation of DTZ derived from the UGL proposal, however, means that, given the level of debt within DTZ, there is minimal value, if any, that may be attributed to the ordinary shares of DTZ. |
Posted at 16/11/2011 04:30 by bubble pricker Duncan, you must be a bit slow to comprehend. There is a formal sales process in place (see RNS below). According the the company's own statement, "there is minimal value, if any, that may be attributed to the ordinary shares of DTZ". Which part of that do you not understand?____________________ 7 November 2011 DTZ Holdings plc ('DTZ / 'Group' / 'Company') Update on formal sale process On 19 October 2011, DTZ announced that it was evaluating preliminary expressions of interest from parties potentially interested in acquiring DTZ by implementing a formal sale process of the company. That formal sale process is ongoing and has attracted considerable interest in the business which DTZ continues to evaluate. Based on the valuation of DTZ derived from proposals received to date, however, and, given the level of debt within DTZ, there is minimal value, if any, that may be attributed to the ordinary shares of DTZ, although the exact value is uncertain. |
Posted at 08/11/2011 10:37 by p o n a They've already had a proposal from UGL - that is why DTZ have reiterated that the equity has little if any value at all.DTZ shares fell 87 percent in London yesterday after it said that indicative bids for the company put a "minimal" value on the shares. The company today said that, given DTZ's debt level, the UGL proposal means that the shares have little, if any, value. So here's the thing. Shares in property consultancy DTZ slumped 90% on Monday after it said was in takeover talks but any deal would leave its shares virtually worthless. Arguably, if that is the case, the market reaction should have been even more severe. Worthless means worthless, after all. Now however the shares have rebounded, rising 0.95p to 3.8p. This is on the back of news that DTZ has selected a preferred bidder, Australian group UGL, which now has until 6 December to make a firm offer. According to the statement a combination of the two would "create one of the world's largest real estate services operations" with 24,000 employees and 225 offices in 45 countries. But wait: The valuation of DTZ derived from the UGL proposal, however, means that, given the level of debt within DTZ, there is minimal value, if any, that may be attributed to the ordinary shares of DTZ. Is that a reason for a 33% jump in DTZ shares? Worthless still means worthless. Some people are going to get burned on this. |
Posted at 08/11/2011 09:43 by p o n a Anyone who remembers how the Jessops t/o went will not see the current share price activity of DTZ as any surprise. Jessops management issued a similar RNS. Shareholders were going to get a fraction of a penny for each share. Yet that didnt stop the share trading at multiples of that for months..prior to the share eventually being suspended.The debt is the killer is here. DTZ has no net tangible assets. A loss making outfit makes the intangibles worthless. With DTZ's debts coming up for repayment in the new year - creditors will force DTZ to accept the offer of the named company in the RNS. Creditors will want their loans back and if the potential acquirer will be paying back the loans then that is all the creditors will care for. Shareholders dont come into the equation. Otherwise the creditors can force the company into administration and do the deal that way. In either event shareholders will get as good as nothing. Creditors effectively own this company. Management will do exactly what is dictated to them. Creditors come first. |
Posted at 22/2/2011 12:55 by ang5 The DTZ share price at 37p.the trade line show that will support.??? now 29-3-2011, just 25p ? any news? |
Posted at 23/12/2010 11:44 by mkwng now the DTZ share price 38-39p.trade line show that maybe going up-side? any news? thanks. |
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