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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Instore | LSE:INST | London | Ordinary Share | GB0001469930 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.68 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 4.68 | GBX |
Instore (INST) Share Charts1 Year Instore Chart |
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1 Month Instore Chart |
Intraday Instore Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/12/2009 | 12:56 | Bidding war - starting at 5p | 66 |
| 25/6/2008 | 06:18 | New Name, New Start? | 313 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 08/11/2009 20:24 by jacobia how does the 5p per share buy back work? Do I still sell through stock exchange or is the method different in this case? |
Posted at 02/11/2009 09:59 by neilrr Doing a Matalan or???? Take it private, fix it, double or treble it's value then flog it.Instore aiming to delist from the stock market |
Posted at 14/11/2008 23:08 by ialwayswinatmonopoly The credit crunch, dramatic drop in the interest rate and drop in house prices will not have any effect whatsoever on the majority of Instore/PoundstretchThe share purchase issue and the unconditional offer by Aziz was a technical offer. It was not an offer or an effort to take the business over or to de-list it. The objective of Aziz was to obtain a controlling state and in doing this the offer to purchase the shares from Tradegro must also be made available (by virtue of the stock exchange rules) to all other shareholders on exactly the same terms and (if requested to do so) must buy the shares from any other shareholder at exactly the same price as paid for the Tradegro shares, although this is not the ultimate objective of Aziz. As far as I am aware it is not the intention for Aziz to buy the business outright. The company is still experiencing some fundamental challenges in-house in respect of buying with margins in mind. Colour roll (aka Ponden Mills) has proven to be a success, despite shutting down over 35% of the number of outlets. The sales activities of this brand is for the first time in nearly 2 years showing an operating profit. Inevitably, the next few weeks will prove crucial to the company. The hard work of the last 18 months will all have been in vane if they can't keep the tills ringing through the next 6 weeks and at the right margins. Things really are on a knife edge. |
Posted at 24/9/2008 20:38 by dirk10 Jacobia,Unconditional offer: Once the offer became unconditional Seaham was committed to purchasing all of the shares of the received acceptances, until then they could have backed out at any time. If a company wants to ensure a complete buyout they will state an unconditional figure that, when added to there existing holding will give them 90% of the shares. When someone owns 90% of a company they can by law, force the remaining shareholders to sell (compulsory acquisition). Seaham declared the offer unconditional as soon as they received acceptances which would give them 51% of the shareholding. This means they have to purchase all shares of anyone who accepted the offer, but they cannot force the rest of the shareholders to accept the offer. So they will only have control of the company, not complete ownership. The other important figure is 75%. If they achieve this figure they could de-list the shares (but not force you to sell them) and take the company private. This would make it difficult for you to sell your shares, but it would still be in their interest to try to purchase them. Hope this helps! So after 1st Oct you will still be able to trade. If the market thinks Seaham (or Tradegro) will try to purchase more shares the price could go up. If the interim results are poor the price could go down. I still think Tayub just wants control at the moment. If things turnaround, who knows he could use Instore to buy Crown Crest from himself (but not at 5 pence). My concern is that most other discount retailers seem to be performing better during the credit crunch, but Instore well,.....Libbyb provides a good insight on store performance so far. |
Posted at 24/9/2008 18:46 by jacobia Can anyone shed any light on the unconditional offer. My broker suggests that I will be able to continue trading by usual means even past 1st October. I remain very concerned about the whole thing though. I found the below which covers the offers and acceptance but as usual is very ambiguous?????Unconditional offer In the course of a takeover bid, once the bidder has received sufficient acceptances from the shareholders of the target company, the bid becomes "unconditional as to acceptances". This essentially means that the shareholders of the target company have agreed to sell to the bidder. There may be some shareholders who still refuse to sell. The level at which a bid becomes unconditional as to acceptances is usually set high enough to allow them to be compelled to sell (a compulsory acquisition). The bidder may choose to declare the bid unconditional as to acceptances before the original required level of acceptances has been reached. Even in this case, an offer may not become unconditional before acceptances are sufficient (together with the bidder's existing stake) to give the bidder a 50% stake in the target. Even after an offer has become unconditional as to acceptances, there may remain other conditions that have to be met. The commonest examples of these are approval from competition regulators and approval from the bidder's shareholders. Once all conditions are met, the offer becomes "unconditional in all respects" and the takeover is certain to go ahead. The City Code sets deadlines by which the offer must be declared unconditional as to acceptances and unconditional in all respects. Acceptance of offer Once a takeover bid is formally made shareholders in the target company may choose to accept the offer or not. When shareholders accept the offer, they do not immediately sell their shares to the bidder. This has two main implications: * The bidder does not have to buy the shares unless the offer becomes unconditional. * The shareholders accepting the offer will get the benefits of any improvements to the offer after accepting it. The City Code's timetable for bids sets out a timetable that (among other things) limits the time between when the bidder starts being open to acceptances and the latest date for the actual purchase of the shares. It is usual for a bid to become unconditional as to acceptances once the bidder has received sufficient acceptances to give the bidder (and concert party, if any) a 90% holding. This is because a bidder who succesfully acquires a 90% stake can buy the remaining 10% at the same price through a compulsory acquisition. THOUGHTS PLEASE ANYONE |
Posted at 16/9/2008 22:43 by dirk10 Yes, if Seaham holds over 75% they can de-list the shares, but they only hold 56%. They are not allowed to purchase any shares on the market above the offer price, although once the offer closes they are free to purchase at any price. If they decide to do this it can only drive the price upwards. I believe Tradedro are also not allowed to sell their remaining stake above the offer price within the next 6 months. I still have faith in the advice from the independent Directors "Take no action". |
Posted at 11/7/2008 19:16 by dirk10 Well, you should have received your offer document by now, and read the letter from Aziz Tayub. He just wants majority control of Instore, not a buyout, so that explains the bid price. I will hold, and not sell out. I hope he is true to his word, and the share price recovers over the next 12 months. It will be interesting to see what Tradegro get in return for selling at this price though. |
Posted at 06/7/2008 05:15 by dirk10 I am not sure about this, so please correct me if any of the following is wrong.The offer by Seaham has been accepted by Tradegro for 20.4%, but the offer states that Tradegro will not be accepting for its remaining 15.4% holding. This does gives Seaham the controlling stake, but the offer only becomes compulsory if Seaham has acceptances giving it 90%, which is not going to happen if Tradegro continues to keep its 15.4% holding. The offer also indicates that Seaham has first call on Tradegro's remaining stake (at the offer price for the next 6 months). The offer becomes unconditional (but not compulsory) if Seaham receives 29.4% acceptances (it already has 20.4% from Tradegro). Seaham is not intending to de-list Instore, but reserves the right to do so (does it need 75% to do this?). If Seaham made the offer any earlier then the offer price would have to be at least the same price as its original purchase last year (I think it needs to be the highest price paid over a year for 10% stake & it has only topped up by about 1% in the last 12 months). I do not understand why back in Feb Seaham was not required to make a mandatory bid as it crossed the 30% mark, but I am assuming Tradegro could not give control to Seaham without triggering a bid. There is obviously a deal going on between the two parties for Tradegro to sell "on the cheap". With Seaham pitching the bid so low and not getting an approval from the board, the chances of all the remaining shareholders accepting is slim. So maybe it is not Seaham's intention to buyout the whole company merely to take control and keep the listing (and possibly use it as a vehicle for its other assets). I would like to know what Tradegro is getting out of this deal. More than the other shareholders I suspect. |
Posted at 17/6/2008 22:34 by wunderbar Be it by going bust or being taken over I always knew INST's days as a listed company were numbered. Whoever it be making the bid I can't see them paying more than 10p for a business seemingly in terminal decline. The Telegraph are suggesting a buyout price of around 8-9p which seems perfectly reasonable given the circumstances. I've been following this share for many years and as an ex-shareholder I can honestly say this business has been a complete disaster despite many efforts by numerous management teams to turn it around. It didn't matter what plan of action they put in place they consistently failed to deliver but succeeded in destroying shareholder value.I first got involved back in 2001 when it was known as Brown & Jackson. My biggest disappointment was the Angus Monro era (Sep 02 - Feb 06). The market expected great things from the ex-Matalan boss and within 18 months of his arrival the shareprice had rocketed from 30p to over 150p, but alas his tenure turned out to be all hype and no substance. It was he who instigated the Instore brand and splashed out millions on a new distribution / HQ in Huddersfield. Unfortunately the distribution centre turned into a huge fiasco costing the company millions due to all sorts of teething problems. I bailed out shortly after a profit warning in Feb 06 which incidentally cost Angus Monro his job. Since then things have continued getting worse. More management changes, followed by more profit warnings, accompanied by a destruction of the shareprice. I consider myself fortunate that I bailed out when I did, approx 45p, opposed to 8p now! Whoever takes it over has an almighty challenge on their hands. The business has been failing for many years despite numerous management attempts to turn things around. Personally I wouldn't be at all surprised to hear in the next couple years that the business has gone into administration. Some things you just can't mend. |
Posted at 30/5/2008 14:49 by ialwayswinatmonopoly The share price is suffering due to lack of news from the directors. There's enough to report on but pacifying the shareholders is not a priority for the board. On a positive note, from my experience if & when news/update does come out the share price will rocket (relatively speaking). However, with the market for these shares been so illiquid it might be difficult to trade in any volume worth while. |
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