Dtz Share Discussion Threads

[p o n a] 05/12/2011 06:53

I wouldnt be surprised if the £77.5m is more or less equal to DTZ's current total debt figure.

[typo56] 05/12/2011 06:37

At 30 April 2011 net debt was stated as being £64m. That will presumably have changed a bit in the 7 months since then and may turn out to be not entirely comprehensive. Administrators also have a knack of managing to match their charges to the remaining funds available!

Shares suspended before open I suppose.

[p o n a] 05/12/2011 06:27

"DTZ was placed into administration in the UK before the acquisition."



Read more:

[typo56] 04/12/2011 22:32

So what will £77.5m to the administrators mean left for DTZ ordinary shareholders. Not a lot, if anything, I suspect. A sad day for Ranger Rover dealers.

Or have I misunderstood?

[tonudiki] 04/12/2011 22:21

UGL acquires DTZ for GBP£77.5 million....

[typo56] 04/12/2011 13:34

DTZ struggling to do deal with UGL



Nothing new there I think.

[duncandisorderly] 02/12/2011 16:19

Bid now at 6.6,what a difference.A strong finish is on the cards I think.

[duncandisorderly] 02/12/2011 14:46

Whatever guys,it's heading North again and we've got a very good chance of ending up blue today.

[typo56] 02/12/2011 14:42

DandD, I think that's the standard wording when withdrawing an offer, in order to keep your options open. I wouldn't read too much into it.

[duncandisorderly] 02/12/2011 12:14

Typo.I have just checked out your post and you are bang on.Why have they reserved the right?Bloody obvious.they want to see what UGL offer then top them.

[duncandisorderly] 02/12/2011 11:51

Perfectly correct.But do you trust a board who has let the share price drag down this much,mainly through their own doing via poor management and ridiculously bias rns statements for their hopeful new employers.They have one agenda my friend and that is to feather their own nests.
The offer from SGP stands unless I believe they are invited back to do so or there is a counter offer,(UGL).In which case it's a completely different board game where they are then allowed to top any offer made by UGL.This I feel is why we haven't heard anything from SGP as they can't do anything until UGL have come up with a firm offer.UGL are obviously leaving until the eleventh hour to come in with there offer and who can blame them.I personally believe this will end up in a bidding war around the 30-40p mark.
Look at what UGL were willing to pay a few months ago after months of dd,(60p+).The only reason they didn't was because SGP kept blocking them.
Next week is the week.

[typo56] 02/12/2011 11:43

As I said in post 567, note the statement of 17 Oct 2011...

"However, SGP reserves its rights to make an offer in the circumstances set out in note 2 of Rule 2.8 of the Code, including with the consent of DTZ."

Takeover Code rule 2.8 includes a section which allows the statement to be set aside if:

"the board of the offeree company agrees to the statement being set aside."

So I believe that SGP could make an offer before next year, if DTZ wish to allow it.

[duncandisorderly] 01/12/2011 15:17

I think they said that when I bought GKP,RGP,MONI,ETC.I often thought how this fool bought his brand new Range Rover this summer by not listening to corrupt directors and their accomplices.

[spectoacc] 01/12/2011 15:11

A fool and his money...

[typo56] 01/12/2011 14:49

DandD, forgive me, I'm old easily confused. Please can you explain

"bearing in mind that the UGL directors recently released an rns disclosing their positions in ugl holdings regardless of SGP HANGING AROUND THE CORNER."

Do you mean disclosing their positions in DTZ Holdings? If so I don't get your point. Isn't anyone with a holding of 1% or more obliged to delare it during a takeover period?

[duncandisorderly] 01/12/2011 14:29

No smoke without fire and bearing in mind that the UGL directors recently released an rns disclosing their positions in ugl holdings regardless of SGP HANGING AROUND THE CORNER.

'No firm offer' made yet for DTZ, says UGL
Samantha McClary 23/11/2011 11:00


Australian services giant UGL this morning denied reports in the Hong Kong press that it had agreed a deal to take over DTZ.

In a statement to the Australian Stock Exchange, the group said: "UGL advises that the report is incorrect as no firm offer has been made by UGL for DTZ."

The report in Hong Kong's The Standard claimed that a memo had been circulated to staff saying that the company had been sold.

It said that a price of $250m (£160m) had been agreed.

UGL has until 6 December to make a firm offer for the agent.

[e-mail]

[bubble pricker] 01/12/2011 10:09

Gentlemen, the notion that "insiders" are buying because "they know something" is ridiculous. Last time I checked the statute book, insider dealing was illegal and you go to prison for it. Do you really think someone would go on public record with RNS that they are buying and do so on the basis of insider information? The French buyers are buying on a punt based on the same public information that everybody else has. They will be badly burnt, in my opinion.

[typo56] 01/12/2011 09:59

If you have a modest grasp of French I think you can find the various Mathy family director interests here. I've yet to find the Strasbourg connection mentioned by Popertypunter.



Seems most people on here know very little and are punting that someone else knows something!

[duncandisorderly] 01/12/2011 09:45

Every time I've seen this sharp fall followed by a rise it usually means the take over offer will follow shortly.I can see it coming either today or tomorrow morning.It's usually done to quickly frighten investors to gain more stock before the offer comes.