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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Imp.Chem. | LSE:ICI | London | Ordinary Share | GB0004594973 | ORD #1 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 667.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
18/6/2007 14:56 | look at the premiums paid for those large trades,said 2 weeks ago company could be worth as much as £8.00 per share,could see activity take this to £7.00 very quickly | peter119 | |
18/6/2007 14:54 | Anyone else get the gap? | flateric | |
18/6/2007 14:51 | Evolution Securities said "it is not a stretch to assume that 700 pence is achievable" for ICI. | gbchak | |
18/6/2007 11:53 | interesting quote in the Times today: Hopes of a sweetened bid for ICI kept the blue-chip FTSE close to its best level in nearly seven years. Shares in the chemical maker soared 17 per cent to 644p after its board confirmed rejecting the 600p-a-share approach from Akzo Nobel. Cazenove analysts said that 700p looked a fair valuation for ICI, with a final takeout price of 750p not impossible if other bidders emerge. "There remains a shortage of desirable assets with brand leadership and ICI has that," said the broker. "With the cycle nearing the peak, we believe that other chemical companies will look at ICI as a way of broadening product geographic exposure. This always happens as managements flush with cash look outside the box." Cazenove saw Dow Chemical and Du Pont as potential counter-bidders, with PPG and Reliance of India considered outside candidates. BASF may be put off, having made three acquisitions in 2006, while private equity would struggle to justify the deal, the broker said. | gbchak | |
18/6/2007 11:24 | ist qtr gone | peter119 | |
18/6/2007 11:20 | i will sell in qtr lots,having time to digest.£6.40-£6.90-£ drops to £6.00 will sell the lot. | peter119 | |
18/6/2007 11:07 | Yes Peter, I am still in there. I cannot see Akzo walking away simply because their £6 initial offer was rejected. When they do return with a higher offer, others or at least one other bidder will show their hand. They are all worried about losing market share and have to take the long term view about their business. Synergies between the businesses also play a big part in their decision making. Akzo and the other chemical giants are not viewing ICI in the same way as private equity, and so can afford to pay more. Just look at Sainsbury; when the original offer lapsed, the share price fell, but look at what is happening now. I know, it is a completely different business, but other buyers are looking at it with a different timezone. All the best to holders. | whatwoman | |
18/6/2007 10:39 | "whatwoman" still with us,nice and sunny today. | peter119 | |
18/6/2007 08:01 | Congratulations guys. I'm too late on this one - but it's a great result for those who hold | sandbank | |
18/6/2007 07:55 | anyone gone short with this on c,f.ds will be on FIRE | peter119 | |
18/6/2007 07:53 | at 7.00 might sell half | peter119 | |
18/6/2007 07:36 | As the day progresses may see some wild rumours circulating,sending s,p higher | peter119 | |
18/6/2007 07:31 | short term trade between 6.25-6.50,m&m's having a good day,akzo will increase to 6.50p,having said that i.c.i could make special divi,either way it's a no loss situation | peter119 | |
18/6/2007 07:17 | Correction to previous post ... have sold a third of my holding at £6.35. Third ... of a bird .... in the hand .... | rcoates96 | |
18/6/2007 07:14 | IMHO i think the floor price for the immediate short-term is 625. The city expects a bidding war to break out with a take-out price between 650-700.. now all that is required is for one of the other parties to confirm interest.. there is no doubt AN and ICI is probably the best fit but it's a question of how desparate they are to acquire it before someone else enters the fray.. nice to hold on for the ride to see how things pan out.. the obvious risk is ICI defending itself with an acquisition of it's own to deter predators.. | gbchak | |
18/6/2007 07:08 | Wow... nice rise i can imagie it will fall back shortly more to the £6.00 mark | leadersoffice | |
18/6/2007 07:05 | bloody typicial advfn cant get there act together... no prices showing for the stock doh | leadersoffice | |
18/6/2007 06:59 | up 75p pre market | leadersoffice | |
18/6/2007 06:59 | Yep Peter, good point. Also, the tendency over recent months has been for Pension Deficits to come down due to rising markets. I have no insight into the ICI Pension Fund investment strategy but unless they pulled out of equities, they will have been recovering ground since the last valuation. And the Trustees would, I imagine, much rather have an Azco Nobel (or other corporate) deal than a Private Equity leveraged deal. AN are going out of their way to say that they may not submit a higher offer, but then they would say that wouldn't they. On balance, although its tempting to cash in, I think I'm going to hold for now and see what happens. | rcoates96 | |
17/6/2007 20:51 | check out RNS 20.05.2007 re pensions | peter119 | |
17/6/2007 19:34 | this game isnt so simple. if Akzo bids elsewhere (eg SW), ICI could itself be dragged into a bidding war | eldeen | |
17/6/2007 19:26 | Interesting to see that the Pension Deficit has dropped from over £1bn to £697m. Hossyt, the gross liabilities figure, in isolation, is irrelevant - what about the assets in the Pension Fund? Akzo bluff? As if .... Very happy with this weekends developments, long 100,000 ICI. Don't know about £8 but looking good for £6.50+ over the next few months. | rcoates96 | |
17/6/2007 19:10 | Sell while you can, In a separate report, the Sunday Times said ICI's pension fund trustees will have a critical influence over any bidding war for the group as they seek to extract guarantees over the pension scheme's future funding from would-be buyers. The scheme is currently 697 mln stg in deficit, and has total liabilities of 9.2 bln stg, more than the ICI's current market value of 6.5 bln stg. The two papers named US-based Dow Chemicals, India's Reliance, and BASF of Germany as possible bidders for ICI. ICI did not return calls seeking comment. | hossyt |
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