We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Grampian | GRMP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 470.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 470.00 |
| Top Posts |
|---|
Posted at 15/12/2001 14:18 by peter shone Both articles said there would be an announcement this week. Both articles turned out to be wrong. How long can the board put of returning this moeny to investors? Surely we should have had some comment since September? |
Posted at 23/10/2001 20:39 by sscrabble Questor of The Daily Telegraph makes chilled foods concern Uniq a stock to avoid despite the fact shares added 4p to 124p on news it has sold its Malton pig-slaughtering business to Grampian for £33.5m. Questor observes the stock tumbled by a third after a severe profits warning last month and says there are still questions hanging over Uniq’s future – specifically at its St Ivel business, due to the highly competitive yoghurt market. The Financial Times reports the Malton disposal cleared the way for an approach from a financial buyer and comments there could be an upside for prospective investors willing to take a chance. Just read this on nothing ventured. Anyone know anything about it, and what effect it would have on Grampian shares. (Or is it some other Grampian) |
Posted at 12/8/2001 16:01 by jrb Since the market is falling, a lot of investors won't be showing much in the way of capital gains this year, Goatherd. The price of Grampian is down from 150p five years ago and most Grampian investors will be showing a loss if they sell at the present price. Only those who bought between about June last year and June this year are likely to have any profit at all, and most of them won't have very much. |
Posted at 12/8/2001 15:49 by goatherd Dividends bear tax at 10% [standard rate] or 32.5% [higher rate]. And the tax credits cover all for the standard rate, and provide useful buffer at the higher rate.Share buy-backs suffer CGT on any profit; usuallt at 40%. Assuming you are over the exempt limit - which I take it most investors are. Of course dividends are tax efficient, in most people's hands. |
Posted at 12/8/2001 15:17 by wannabee JRB - well bang goes those simple supply and demand theories! Why on earth do you think any company would want to buy and cancel existing shares if the price didn't rise substantially due to it? How is it a cash return to shareholders if what you say is correct? Net buying of shares causes the price to rise. Net buying on the scale mentioned would cause the price to very rapidly rise, imo, particularly if pre-announced and thus restricted sellers at each rising price.The scale of the return leads me to believe that simple purchases in the market are not possible, and if indeed a share buyback takes place, it would be via a tender at premiums around those mentioned previously. I would not yet dismiss the possibiltiy of a special dividend. Although tax inefficient for the majority of private holders (unless in tax free environments), it make sod all difference to institutional holders, who, in turn, give sod all consideration to the tax position of private investors. |
Posted at 12/8/2001 11:00 by cb7 a dividend is taxable---how can it be tax efficient? The co only said it would look at ways of returning excess capital.....the offer price could be say 90p, so it has an immediate impact on the shareprice, on the downside investors only get a percentage of stock taken off their hands but on the plus-side we get a good price with no tax or dealing costs and the co also takes shares out of issue |
Posted at 03/7/2001 23:41 by retchtub JRBsorry if my nick isnt to your likeing,prehaps i should change it to, eeeeeerrrr?.... how about goldfinger...... dont useually chat in the bb ,only been chatting in this one because,there have been some nice people in here,some of the boards i read are full up with woffling fools, why would i want to convey the fact iam a serious investor,and highly profitable, who gives a toss on a handle, its a nice fat profit at the end of the day that counts, not ment to offend chow...... |
Posted at 02/7/2001 00:17 by peter shone Lots of background on the other thread (Grampian 90pence) but seems the title is a little out of date.This article today in the scotsman keeps it all up in the air... Alchemy's second move on Grampian ALCHEMY Partners, the venture capitalist, has made a renewed takeover approach to Grampian Holdings in a move that could scupper the Glasgow-based company’s agreed deal to sell its Edinburgh Woollen Mill retail business. Alchemy is willing to pay £1 a share for Grampian, valuing the company at £116m, providing it can secure a recommendation from the board. Corporate finance sources in Scotland say London-based Alchemy, which tabled an unsuccessful, 95p-a-share indicative offer six months ago, made its second approach in a letter delivered to chairman Sir Donald MacKay last Wednesday - the day before the group announced the sale of EWM. Jon Moulton, Alchemy’s managing partner, was on a business trip to the US last week but the letter was signed on his behalf and declared that the private equity firm was in a position to move swiftly to complete a deal, subject to due diligence. Neither Alchemy nor Grampian would comment yesterday. But the revelation that the firm is still prepared to launch a bid is certain to re-ignite the controversy over the Glasgow group’s strategy for unlocking shareholder value. At Friday’s annual general meeting, the Grampian board came in for repeated attack from a group of private investors, including Bill Hughes, the former chairman, and John Elliot, the former finance director of EWM. Hughes described the £49m sale of EWM to private equity firm Rutland Fund Management as "diabolical" while Elliot, the leader of a shareholder protest group, challenged the strategy of selling EWM to leave Grampian focused on its WH Malcolm transport subsidiary. The rebel shareholders include the Stevenson family, who had built up EWM before it was acquired by Grampian five years ago. David Stevenson remains a director of Grampian but is thought to have privately opposed the disposal for several months despite the main board presenting a united front on its strategy. The private shareholders, who account for some 18% of the company, believe that improved trading at EWM’s 278 stores over the past few months should have commanded a higher sale price. Grampian is also selling a clutch of sites with development potential to an undisclosed property company for a further £13m. It is also planning to return £45m of the overall proceeds to shareholders although investors such as Elliot are worried that they would suffer onerous capital gains tax liabilities unless they are given a loan note alternative. Until today’s revelation of Alchemy’s renewed efforts to bid for the entire group, it was expected that MacKay and finance director David McGibbon would succeed in pushing the EWM sale through. The company’s advisers at blue chip stockbroker Cazenove and investment bank Deutsche Bank were confident last week that the strategy would win enough support from the major institutional shareholders to overturn any opposition to the deal from private investors at the extraordinary general meeting, due in the middle of July. Though the company refused to comment on Alchemy’s second approach, it is expected that the board will reject it this week. But Elliot said: "If there was a bid for the group at a price that was reasonable, given the track record of the shares, I would be a reluctant seller." Doug Morrison, City Editor Sunday, 1st July 2001 Scotland on Sunday |
Posted at 27/6/2001 20:41 by peter shone Better to post the article?Grampian to sell EWM Grampian Holdings is believed to have secured the long-awaited disposal of its Edinburgh Woollen Mills subsidiary and is set to announce the £50m deal in time for the group’s annual meeting this Friday. It is understood that a UK financial institution has completed due diligence on the 250-store chain, which Grampian placed on the market last autumn. Grampian is expected to return most of the proceeds from the sale to shareholders but some money will be kept back to help fund the expansion of its core WH Malcolm transport business. The deal will be seen as a coup for the directors of Grampian, led by chairman Sir Donald Mackay and finance director David McGibbon, who have resisted pressure from some shareholders to sell the company as a whole. Alchemy Partners, the venture capitalist, is known to pitched an offer of about 95p a share for the entire group at the turn of the year but Grampian’s directors have insisted that they would generate better value for shareholders by selling EWM on its own. Grampian’s share price closed on Friday at 80.5p but it could benefit from a re-rating once the EWM sale is confirmed. The £50m sale price, equivalent to 50p a share, will also please institutional investors after speculation circulated in the spring that the group may struggle to raise more than £40m for the retail arm. Grampian has conducted exclusive talks with the buyer, thought to be a private equity group, for a couple of months but its identity has been kept a closely-guarded secret. EWM had also attracted interest from trade buyers and other venture capitalists, including 3i which pulled out of talks earlier this year. Most of EWM’s senior managers are believed to be staying with the retail chain under the new ownership. However, there are doubts over whether Colin Birrell, managing director of the chain, will remain in his present position. Birrell is known to have attempted a management buyout bid for the business but did not make the final shortlist. The attention will now focus on Grampian’s plans for the Malcolm transport business at a time when larger logistics companies are struggling with poor trading and negative sentiment on the stock market. Trading at both EWM and Malcolm is understood to be strong following the group’s recent full-year results, which showed a 20% decline in profits to £14.6m. Doug Morrison Sunday, 24th June 2001 Scotland on Sunday |
Posted at 04/6/2001 11:56 by cb7 I did read that surplus cash from EWM sale will be returned to shareholders.... also small hauliers are usually on low rateings...I held Nightfreight and even when taken over, it still only went for a low p/e, (about 9 max I think).....so comparisons with larger cos may not be justified, although on the plus side they do seem to get bought out......when the share was 70p, Investors Chronicle surmised about a £55m sale of EWM and said the stock was fairly priced, but that would have left a 25m co making 7m which even for a small transport co seemed harsh, especially with the earnings enhancing acquisition made earlier this year.....maybe this is why the stock has ticked up, coupled with the fact that retailers have generally improved....also gives possibility that EWM may be sold for a larger amount |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
