G4s Share Discussion Threads

[alcimedes] 14/11/2011 19:11

Aah... So it's not ISS it's BAE.

[enami] 14/11/2011 18:18

Missiles 'may protect 2012 Games'.

Defence Secretary Philip Hammond tells MPs ground-to-air missiles will be used to protect the Olympics in London if deemed operationally necessary.
G4S to supply equipment obvoiously.

[eipgam] 06/11/2011 13:27

you may be right.... I lazily read Employee Benefit Trust as Pension fund but it might be just for the benefit of certain employess. Still... a decent buy from a connected body so soon after the deal was called off.

[hazelton] 06/11/2011 08:54

I did not think that they were allowed to hold shares in the company , I do not think that it is the actual pension scheme.

[eipgam] 03/11/2011 18:47

THE GFS pension scheme have increased their holding in the parent company by 22%ish. The day after the deal was called off....

[essentialinvestor] 01/11/2011 13:24

Good news for holders, however the CEO's view on the integrated model of
service provision going forward is valid imv.

Its not going to happen.. but a merger with Compass would create a world
beating business.

[killieboy] 01/11/2011 13:22

..... not 2day it wont.....

[eipgam] 01/11/2011 09:40

now to recover...

[enami] 01/11/2011 08:03

Sorted

G4S AND FS INVEST AGREE NOT TO PROCEED WITH ACQUISITION OF ISS AND RELATED RIGHTS ISSUE

[killieboy] 31/10/2011 16:52

I believe the deal will now fall through (although it will be close) but they will go ahead with the Rights Issue.

[eipgam] 30/10/2011 16:20

whats all over? do you think the deal is done or dead?

[killieboy] 30/10/2011 16:13

All over methinks - now what 2 buy!

[eipgam] 30/10/2011 13:33

more or less a rehash.... vote is on Wed

[mrthomas] 30/10/2011 05:04

Thanks for the above you have made it clear in simple English. Did buy when it hit a low and then sold to make a good profit. Think if the bove happens then the price will fall again and that may be a buy again.

[grahamburn] 25/10/2011 20:17

The scenario of the deal not being approved (failing) due to a less-than-75% vote in favour seems quite real according to the various reports of opposition/scepticism etc amongst larger holders, not to mention a few smaller ones.

However, what then happens?

According to the Prospectus on page 18:

"However, the Rights Issue is not itself conditional upon Completion. In the event that the Rights Issue completes, but Completion does not take place, the G4S Directors' current intention is that the proceeds of the Rights Issue will be invested on a short-term basis while the G4S Directors evaluate other acquisition opportunities. If no acquisitions can be found on acceptable terms, the G4S Directors will consider how best to return surplus capital to Shareholders. Such a return could carry fiscal costs for certain Shareholders and will have costs for G4S."

In short, the Rights Issue will presumably go ahead regardless - and then the company will decide what to do with the cash. At that point with

(a) many shareholders may not take up their rights, so a large number of shares will be in the underwriters hands, meaning an indeterminate overhang unless the underwriters can shift them around interested parties; and,

(b) the board and management will lack credibility due to their poor judgement and execution (though the top brass at the PRU survived a similar debacle after their failed bid for AIG, but there wasn't a rights issue involved).

Cannot really see where the share price heads in the shiort to medium term in that scenario.

[dmf] 23/10/2011 21:58

Empire building?? - Doomed to failure like PRU/AIA ???


Investors told to block G4S Danish deal

[eipgam] 23/10/2011 14:25

includes "The City was shocked. Although the biggest 12 shareholders in G4S had apparently been told of the deal on the previous Thursday and Friday, shares in the company slumped 22pc by the end of the day."

Can this be true?

[philanderer] 20/10/2011 19:54

G4S was higher as the company's fifth-largest shareholder, Parvus, said it would vote against the outsourcing group's proposed merger with ISS. Parvus has a 3.7% stake and said G4S's vision was "untested and too risky". Given the deal involves a chunky rights issue, the prospect of it not happening led the shares higher - it finished 3.2% up at 241p.

Goldman Sachs said that news that Aviva was making 950 job losses in Ireland was bad news for the company, whatever it meant. If the restructuring meant a slower Irish economy, there would be similar issues in other European businesses where the economy is slowing, the broker said. If it was due to the business being inefficiently managed in Ireland, there may be similar inefficiencies elsewhere. The shares were down 4.5% - trading at 324p.

[eipgam] 20/10/2011 16:57

Judging by all of these wildly differing broker targets, not many have any clue about what the company may be worth post deal. If it happens, that is. I have instructed my nominee account holder to vote against. Seems to me that GS couldn't get the ISS IPO away and have managed to get GFS to do the work for them. Just too big a bite for my liking and we have seen many companies blow themselves up by being too damn optimistic. RBS, PFD are two that jump to mind from personal experience.

PS I wonder what GS have as a price target for GFS?

[enami] 20/10/2011 14:30

Collins Stewart downgrades G4S from hold to sell, target price cut from 300p to 190p

[philanderer] 20/10/2011 12:03

FT Alphaville..

what takes your eye bryce
BE
G4S, for one.
BE
Which is continuing its up-down performance of late
G4S PLC (GFS:LSE): Last: 238.10, up 4.5 (+1.93%), High: 239.00, Low: 224.00, Volume: 8.61m
BE
And I've just had an interesting email through ....
TT
go on
BE
Bryce, Neil,

I am [TITLE REDACTED] of Parvus Asset Management. We are currently the 3rd largest shareholder of G4S and we strongly oppose the reverse takeover of ISS.
Let me know if you are interested to discuss further.
Kind Regards

[NAME REDACTED]
TT
Parvus? who they
BE
London fund. Hedge like.
BE
Been buying recently, it appears.
BE
And have around 3.7%, I think.
BE
This one could get properly tasty, I feel.
TT
Parvus was seed by TCI;s Chris Hohn it seems
BE
That's the one.
TT
do they hold ISS or G4S
BE
Yup - they hold G4S, though not nearly enough to block on their own.
TT
run by former Merrill Lynch asset manager Edoardo Mercadant
BE
Think you'd need about 18%, on usual rules ....
BE
IE. 25% block, and a 75% turnout at the EGM