Essenden Share Discussion Threads

[shanklin] 23/3/2015 08:38

EM, Thank you for the info in post 296.

[harrogate] 22/3/2015 18:12

Thanks BB2 - quite hard to compare the companies but it would seem £1 is certainly not excessive

[harrogate] 22/3/2015 13:10

spooky - what was the Elektra deal in the sector? Thanks

[spooky] 22/3/2015 10:51

So for Harwood you could say it's a win/win/win :-o)

[battlebus2] 22/3/2015 10:50

The rising share price may have also forced their hand, as you say spooky it's a win win and even if an offer doesn't materialise we still have a fab little company I'm more than happy to remain invested in.

[spooky] 22/3/2015 10:46

Is there any chance that there move may be to smoke out another buyer, it looks like a win/win from their point of view.

[davidosh] 22/3/2015 10:10

I think Schroders with 20% will play a key role here and so I will have a quiet word on Monday. Christopher Mills is quite a tough dealmaker so I prefer a third party or trade buyer coming in to set a price. The share price reached £1 a year ago and trading conditions plus the business itself have actually much improved since then so very close to that would be needed to tempt me out and to suggest a reasonable price exit.

[eezymunny] 22/3/2015 09:18

Shanks. To answer your question - no.

hxxp://www.harwoodpe.co.uk/team/view/id/3
hxxp://www.harwoodpe.co.uk/team/view/id/12


I reckon 100p/share would be a fair number for buyers and sellers - but my opinion ain't worth jack :)

Schroeders/Hargreave Hale will no doubt be pushing for a fair price.

[spooky] 22/3/2015 09:05

£1 a share would be cheap compared to Electra's recent purchase in the sector, it would offer value to Harwood Capital and is probably a fair exit for shareholders, so that price definitely won't happen, someone always tries to be too clever.

[shanklin] 22/3/2015 08:56

Are Harwood Capital completely independent of the directors?

Just curious as this is not something I looked at before investing in ESS.

[battlebus2] 21/3/2015 20:33

50 million shares at £1 each would be nice but maybe a valuation a little high for Harewood though they do already own a large percentage which helps.

[cockerhoop] 21/3/2015 15:02

Certainly know where you're coming from regards possible bid - likely to want it on the cheap.

[cockerhoop] 21/3/2015 15:00

Yes some strange timing of announcements yesterday, I missed BDI's results/strategic review RNS whilst looking at the eclipse with the family :-)

[cockerhoop] 21/3/2015 14:30

Potential bid from Harwood Capital announced after hours last night (they already own 34%)

[shanklin] 20/3/2015 19:12

Bb2

Nice one but its only moved about 5 percent since the we're for sale rns.

[battlebus2] 20/3/2015 18:39

Well some of us bought at 65p a couple of weeks back and yesterday they wanted 75p so to me it was movement :))

[shanklin] 20/3/2015 18:31

What share price movement? It's only up about 6 per cent.

[davidosh] 20/3/2015 00:51

There was a feature story in Shares magazine today.

[boonkoh] 20/3/2015 00:00

Wonder if Schroders have kept accumulating to get over 20%! Always good to see big II stakes when there are "strategic options" being discussed. Makes it easier for a buyer to secure a majority of shares from a small number of IIs before publicly announcing an offer.

[battlebus2] 19/3/2015 22:56

Great to see these moving higher today :))

[shanklin] 13/3/2015 07:30

Snippet on ESS

[shanklin] 12/3/2015 11:21

Bought some ESS for the first time. The results look more straightforward to me this time round. And hopefully they will be bought out some time in 2015.

[boonkoh] 12/3/2015 11:06

Could be a good target for PE. Good cash flow. Assets to secure a debt funded deal. And as you said hard work is over, margins to improve from here on in.