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KEIF Kenmore Euro

33.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kenmore Euro LSE:KEIF London Ordinary Share GB00B1CH3174 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 33.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Kenmore Euro Share Discussion Threads

Showing 151 to 173 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
15/3/2010
11:57
scburbs - still no RNS - they should at least have issued a "holding" statement ahead of tomorrow's Finals.
skyship
12/3/2010
20:53
Did I say they couldn't let the whole day pass without comment? Not an auspicious start having made my first KEIF purchase this morning (fine from a price perspective, but less so from a board perspective). I will try another guess, surely they must comment on Monday morning!
scburbs
12/3/2010
13:35
I panic sold in the morning, then rebought my holding few hours later...bit of a confusing state of affairs here though...
mister md
12/3/2010
13:08
Ahh - good - Finals on Tuesday - hadn't picked that up - thnx.
skyship
12/3/2010
12:40
Results next Tuesday, but I can't see how the board can let the whole of the day pass with no announcement. I guess it is a bit harder to hold a board meeting at short notice when you have an offshore non-executive board.
scburbs
12/3/2010
12:31
Will no doubt get KEIFs view with the finals next Tuesday.
martincc
12/3/2010
12:26
"Speaking to Dow Jones Newswires Joint Chief Executive Ian Watson said Friday it wasn't allowed to carry out due diligence on Kenmore and informed the market that it had ended offer talks late Thursday."

Interesting that - perhaps so because they hadn't actually made an Offer.

What is even more interesting is that 250k purchase @ 34.75p.

After a 4month wait I'm kicking myself for getting in just two days before the resolution of the Hansteen intervention - but still happy to be holding ..... and wondering whether to add....

skyship
12/3/2010
12:19
Hi nickcduk
It may well be the case that I am wide of the mark regarding a fund raising and that Hansteen are just trouble making. If that were the case then I would expect an RNS from KEIF pretty promptly denying that they were in a fund raising.

That hasn't happened yet. When or if it does the price will go up.

If they are planning a fundraising then it will likely be at a discount to the current share price

I am not sure how comfortable 11% headroom is. I believe that they are already in potential default on some loans.

I expect we will find out one way or another in the next day or two. The longer they take the more likely a placing IMV.

kimboy2
12/3/2010
11:16
LONDON (Dow Jones)--U.K. property investor Hansteen Holdings PLC (HSTN.LN) doesn't plan to make an offer for Kenmore European Industrial Fund Ltd. (KEIF.LN) but is open minded about the 12% stake it bought in the property firm last November.

Speaking to Dow Jones Newswires Joint Chief Executive Ian Watson said Friday it wasn't allowed to carry out due diligence on Kenmore and informed the market that it had ended offer talks late Thursday.

"This represents us putting this deal onto the back burner," he said. He added that Hansteen was "open minded" as to future plans for the 12% stake in Kenmore, and was looking at "significant" property deals in Europe and the U.K..

Kenmore declined to comment on the ending of the talks.

At the time of the stake purchase Hansteen, which focuses on industrial property, said it had approached the board of KEIF with a potential offer valuing the company at around GBP56.8 million.

The potential offer was made up of 20 pence in cash and 0.2469 new Hansteen shares for each KEIF share, which equated to around 40.6 pence a KEIF share.

typo56
12/3/2010
09:04
Yes, they are probably having to be very careful with the wording of a statement, especially when it comes to fundraising. It forces their hand.
typo56
12/3/2010
08:54
I presume they are scrambling around trying to dream up a holding statement at the moment. Hansteen are certainly trying to be very awkward.
kimboy2
12/3/2010
08:50
This is looking good value. I am in. Can someone wake the board up and remind them that it isn't just Hansteen's responsibility to issue announcements!

If a fundraising had been mentioned at all then Hansteen would not have added the wording as an afterthought (unless they are trying too hard to be clever and draw attention to it which would be rather unprofessional!).

scburbs
12/3/2010
08:45
I presume KEIF has in effect rejected the takeover offer and decided to go with a fund raising.
kimboy2
12/3/2010
08:43
Where has this fund raising talk come from?
nickcduk
12/3/2010
08:42
Yes, I think Hansteen are shrewd cookies. Get the price trashed a bit before forcing a fund raising (which they can probably participate in, having a 12% stake).
typo56
12/3/2010
08:38
I think Hansteen are still interested but they think that they can get it cheaper if there is a fund rasing in the pipeline. Perhaps particularly if they announce it to the market ahead of it actually materialising.

It may be that they are right.

kimboy2
12/3/2010
08:27
Ah, sorry, I misread the RNS. They are making that a possible reason to reserve the right to make an offer within six months.
typo56
12/3/2010
08:26
Certainly looks as though there is going to be a fund raising and Hansteen have gone off in a sulk.

It is likely to be pretty ugly for the share price till it is announced.

kimboy2
12/3/2010
08:00
I've not really been following KEIF but when was the announcement made by KEIF of the "significant equity fundraising"? Have HSTN let something slip here? Seems odd to make a deliberate point about it by releasing a revised RNS this morning.
typo56
12/3/2010
07:45
"If there isn't a bid from Hansteen - so what? Someone else might be in the wings; but KEIF were doing very well on their own.

Either way, at 36.0p-36.5p they seem like value again, so I've made a small introductory purchase at a tad under 36.5p."

Would obviously have preferrred a nice CASH bid, but now will look to add on weakness, bearing in mind these were 35p ahead of the "possible bid" announcement.

skyship
11/3/2010
21:47
(Or might not)
asmodeus
11/3/2010
20:15
Holders might like to c the rns released after hours
badtime
09/3/2010
23:31
like crawford i'm wary but note that Laxey have been a buyer in recent weeks.
rambutan2
Chat Pages: 8  7  6  5  4  3  2  1

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