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FIH Fih Group Plc

242.00
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fih Group Plc LSE:FIH London Ordinary Share GB00BD0CWJ91 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% 242.00 234.00 250.00 255.00 240.00 255.00 439 11:25:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ferries 52.71M 3.12M 0.2494 9.70 30.3M
Fih Group Plc is listed in the Ferries sector of the London Stock Exchange with ticker FIH. The last closing price for Fih was 242p. Over the last year, Fih shares have traded in a share price range of 205.00p to 280.00p.

Fih currently has 12,519,900 shares in issue. The market capitalisation of Fih is £30.30 million. Fih has a price to earnings ratio (PE ratio) of 9.70.

Fih Share Discussion Threads

Showing 151 to 171 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
31/3/2017
21:10
The question is: if the share price rises anywhere near the new offer, should we sell in the market and run on the basis it might not become a formal offer, and even if it does it might fail if the FIG or UK govt stick their oars in.
eburne1960
31/3/2017
18:27
And there it is, an indicative offer of 333p after close of play. It seems designed to wreck Rowland's bid.
weatherman
31/3/2017
09:45
Who knows - Elsztain seems quite determined to at least to stop the Rowland takeover by wishing to offer more.
weatherman
30/3/2017
15:39
Can't see Dolphin putting in a bid now, not after the adverse publicity.
gheebee
30/3/2017
13:02
No deal is better than a bad deal. It is worth more than current price based on assets and earnings basis.
weatherman
30/3/2017
09:23
I think that you are right whackford...Staunton only want it if it's a bargain.
the vogon
30/3/2017
09:11
I suspect that Staunton know they will not get to 50%, in which case nobody will get the £3 from Staunton, including those who accept that offer.

I suspect today's announcement is a face-saving way of throwing in the towel.

So it's either back to "as we were", or a bid from Dolphin or AN Other.

whackford
30/3/2017
09:00
Having stated that the offer price is "final and will not be increased. " I believe means that they will now not be permitted to increase it under takeover rules so our only hope is Dolphin or another bidder.
the vogon
30/3/2017
08:19
No increase from Staunton yet. But there is no pressure to sell, especially bearing in mind improved trading. Happy to hold.
weatherman
23/3/2017
13:24
"...but also appears to be an attempt by the Independent Directors (Messrs. John Foster and Jeremy Blade) to avoid their fiduciary duty to act in the best interests of FIH and its shareholders as a whole. The very poor level of FIH shareholder acceptances of Staunton's offer it is a clear indication of the lack of shareholder enthusiasm for this offer."

Ouch !

weatherman
23/3/2017
09:48
Let's hope Dolphin give Staunton a good run for their money!
whackford
23/3/2017
09:36
"Dolphin's intentions regarding FIH and its businesses are purely commercial and Dolphin has no intention to disrupt the status quo in the Falkland Islands. Dolphin and its affiliates (the "Group") have decades of successful expertise in the real estate, hospitality, retail, agriculture, tourism and transportation sectors, which experience Dolphin believes will help FIH's businesses. Furthermore, the Group owns businesses in a wide variety of countries including Argentina, Brazil, the USA, Israel, India and the UK, being a worldwide enterprise with significant resources and commercial experience. Dolphin is committed to building mutual trust with the Falkland Islands Government and its local population by expanding FIH's existing enterprises on the islands, creating new jobs, attracting new capital and further investment into the Falkland Islands economy, while complying with all relevant regulation and building a long-term relationship with the local community. Dolphin intends to maintain a British management in FIH, should an offer be made by Dolphin."
gheebee
22/3/2017
07:33
I expect we will hear no more from Dolphin.
gheebee
20/3/2017
16:27
This is Andrew Pierce in the DM from 2010. I don't know whether this is true, but FIG may wish to carry out due diligence before letting the Rowland family have full control.

And the CEO wrote this in 17 November 2016, less than 3 months before announcing a low takeover / management buyout.

"Group cash reserves are strong and the long term prospects for all 3 group businesses are sound. Our strategy will be to continue to invest for long term growth whilst seeking out quality acquisitions in complementary areas of business that will help increase the Group's scale, earnings potential, and sustainable long term returns for shareholders."

Remember they cancelled the dividend with the promise of acquisitive growth to increase the share price, but it collapsed and no identified takeover targets have been forthcoming.

weatherman
20/3/2017
15:14
Care to elaborate weatherman?
eburne1960
20/3/2017
14:23
FIH are refusing to talk to Dolphin and note unhappiness of FIG. I wonder whether FIG know of concern about historical practices from the other bidder?
weatherman
20/3/2017
14:20
"Accordingly, the Independent Directors regard the Dolphin approach as unwelcome and posing a real hazard to FIH. They are not required to provide Dolphin with information on FIH and are not prepared to enter into discussions with Dolphin. They oppose the approach as unwelcome, as in their view it is entirely incapable of serving the best interests of FIC, FIH and its shareholders".

I find the strength of this statement amazing. With nearly 2/3 of shareholders rejecting Staunton's bid because it is too low, the board therefore cannot be acting in shareholders' best interests by rebuffing a competing bid. The board would seem to be skating on thin ice and may be acting illegally by conspiring against the interests of most current shareholders.

whackford
19/3/2017
10:52
Agreed. Now they may have to pay more than 400p. This news of a new air route between Arg + FKL int he next 180 days should help too:

hxxp://en.mercopress.com/2017/03/18/argentina-authorizes-a-low-cost-airline-to-fly-falklands-comodoro-rivadavia

bokorbilly
19/3/2017
10:52
Agreed. Now they may have to pay more than 400p. This news of a new air route between Arg + FKL int he next 180 days should help too:

hxxp://en.mercopress.com/2017/03/18/argentina-authorizes-a-low-cost-airline-to-fly-falklands-comodoro-rivadavia

bokorbilly
19/3/2017
08:25
If Staunton had made a reasonable offer at the outset - say £4+ per share - they would have had FIH in the bag by now.

The tight-fisted £3 offer has given time and incentive for other players to consider a bid.

The reduction by Staunton to 50% of acceptances (from 90%) to go unconditional shows that Staunton are desperate and therefore will up their bid when they have to.

Take the Investors Chronicle advice and hold on to your shares.

whackford
18/3/2017
15:34
Merco press has a useful description of the issues - FIG are well aware, and may block Dolphin.
hxxp://en.mercopress.com/2017/03/18/falklands-law-compliance-needed-for-any-islands-major-assets-change-of-ownership

weatherman
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older

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