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ENO Enodis

327.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Enodis LSE:ENO London Ordinary Share GB0000931526 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 327.00 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 0 327.00 GBX

Enodis (ENO) Latest News

Real-Time news about Enodis (London Stock Exchange): 0 recent articles

Enodis (ENO) Discussions and Chat

Enodis (ENO) Most Recent Trades

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Enodis (ENO) Top Chat Posts

Top Posts
Posted at 16/5/2008 10:31 by grigor
Share price 12p over the last offer

Nearly 6 million shares traded so far this morning

300p offer from Manitowoc or a third party?
Posted at 11/4/2008 18:10 by grigor
"Both companies will have been aware of the antitrust issue this time round," said Arbuthnot Securities analyst Michael Blogg. "If there is a problem it will be reflected in the price."

He added that companies normally circumvent antitrust issues by selling the particular division in question.
Posted at 10/4/2008 11:49 by grigor
Looks a generous offer

There may be problems with too large a market share in kitchen equipment
Posted at 09/4/2008 17:22 by cyberpost
Re share price movement




RNS Number:0298S
Enodis PLC
09 April 2008


FOR IMMEDIATE RELEASE 9 April 2008
Enodis plc
("Enodis" or "the Company")

Statement regarding share price movement


The Board of Enodis notes the recent rise in the Company's share price and
announces that it has received an indicative cash proposal from The Manitowoc
Company, Inc. ('Manitowoc') totalling 260p per share. The 260p indicative
proposal is inclusive of the right to receive from the Company a payment of 2p
per share in lieu of the 2008 interim dividend. On the basis of this indicative
proposal, the Company has granted Manitowoc due diligence access and will update
the market in due course as appropriate.

The Board of Enodis confirms this announcement has been made with the consent of
Manitowoc, however there is no certainty that a formal offer will be made for
the Company.
Posted at 09/4/2008 15:52 by 2shemshersingh
wow, why the sudden lift in price and volume after 3pm.
Posted at 19/2/2008 17:14 by whonosewhy
I think that is a pretty good trading statement followed by a nice rise again today. I hope I have read this right but despite the challenging environment they are saying they still expect good growth in business.

They make mention that nothing has altered their opinion since the Sept 07 announcement but the share price then was around 180p. Bid talk was around in Oct/Nov.

The funny thing is that in a slowdown people reduce what they spend.

So those that normally eat in an expensive restaurant would reduce their spending by going to a cheaper restaurant, those that have been eating in cheap restaurants might go to Pizza Hut or McDonalds, maybe even down to Subway but Enodis supply to them all.

As they say we all have to eat - and someone has to cook it - if we don't cook it for ourselves then Enodis have their market.

Just seemed that maybe something was going on because we have seen a little rise now this week and it did not seem to be in response to the trading statement and wondered if something was going on in the background.
Posted at 08/11/2007 10:14 by book4
ENO... hearing bid from US co. Manitowoc imminent @ 270p !!!! possibly today
Posted at 31/10/2007 14:25 by matthewa5
ENO Bid talk, They are suggesting a possible bid later this week. Lets watch and see.
Posted at 07/6/2006 23:46 by grigor
Enodis rebuffs £800m offer from US rival
By Lina Saigol, Mark Odell, Sarah Spikes and Neil Hume
Published: 7/6/2006 | Last Updated: 7/6/2006 21:05 London Time

Enodis has rejected an approach from Manitowoc of the US in a deal which would have valued the London-listed kitchen equipment maker at more than £800m.

Manitowoc, the crane-to-food services group, approached Dave McCulloch, chief executive of Enodis, earlier this week, according to people familiar with the situation. The approach, which came from JPMorgan Cazenove, Manitowoc's advisers, was pitched at between 205p-210p a share, those people said. However, Mr McCulloch and his board are understood to have rejected the approach on the grounds that it undervalued Enodis. The shares closed down ½p at 199¼p on Wednesday.

The move comes just one month after Enodis rejected a 195p-a-share approach from Middleby, the US manufacturer of food and drinks equipment, which would have valued Enodis at around £796m. Middleby is advised by Bank of America. CSFB is advising Enodis.

Last month, Enodis increased the pressure on its two US bidders when it reported better-than-expected first half profits.

The company saw interim pre-tax profits jump to 24.4m, from £8.8m a year earlier, lifted by a strong performance across all markets.

Enodis refused to comment on the Manitowoc approach last night. But speaking to the FT earlier on Wednesday, prior to news of the approach emerging, Mr McCulloch said the board would act if the right offer came along.

"We will do the right thing by our shareholders. At the moment the right thing for me is to focus on growing the top line and bottom line but if somebody came along and offered the shareholders value faster, so be it," he said.

Enodis's executive team is based in Florida, reflecting the fact that the US food services market accounts for more than three-quarters of its turnover.

Enodis is attractive because of its spread of business in both hot and cold food preparation and its global reach. It is one of the market leaders with an estimated 6 per cent share of a highly fragmented market. Its biggest customers include McDonald's and Burger King.

Other potential bidders could be waiting to pounce. Bankers and analysts have suggested Illinois Tool Works and UTC could emerge as possible US suitors. In Europe interest could come from Sweden's Electrolux, Italy's Ali, Germany's Rational or the UK's Aga.

ΠΗΓΗ: FT.com
Copyright The Financial Times Ltd. All rights reserved.
Posted at 20/5/2006 16:49 by grigor
Enodis set to receive new takeover offer
By Gary Parkinson, City Editor
Published: 20 May 2006

Enodis, the kitchen equipment maker that rejected a £796m takeover offer from its American rival Middleby last weekend, is to receive a more generous bid from another competitor, Manitowoc.

David McCulloch, Enodis' chief executive, and his advisers at Credit Suisse can expect an offer of 220p a share within days. That would value the maker of fryers and fridges for MacDonald's and Burger King at £880m.

Yesterday, Enodis was valued at £789m after the shares climbed 15.5p to 197.5p. They have more than quadrupled in value in the past three years.

Mr McCulloch dismissed Middleby's earlier 195p-a-share conditional offer as significantly undervaluing the company, despite being pitched at an 11 per cent premium to the then share price.

On Tuesday, Enodis moved to justify its rejection of Middleby's advances with a 71 per cent jump in pre-tax profits to £24.4m in the six months to April. Sales rose to £354m from £308m over the same period a year before.

Enodis, the kitchen equipment maker that rejected a £796m takeover offer from its American rival Middleby last weekend, is to receive a more generous bid from another competitor, Manitowoc.

David McCulloch, Enodis' chief executive, and his advisers at Credit Suisse can expect an offer of 220p a share within days. That would value the maker of fryers and fridges for MacDonald's and Burger King at £880m.

Yesterday, Enodis was valued at £789m after the shares climbed 15.5p to 197.5p. They have more than quadrupled in value in the past three years.
Mr McCulloch dismissed Middleby's earlier 195p-a-share conditional offer as significantly undervaluing the company, despite being pitched at an 11 per cent premium to the then share price.

On Tuesday, Enodis moved to justify its rejection of Middleby's advances with a 71 per cent jump in pre-tax profits to £24.4m in the six months to April. Sales rose to £354m from £308m over the same period a year before.
Enodis share price data is direct from the London Stock Exchange

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