Lonrho Share Discussion Threads

[bernieboy] 16/5/2013 13:53

Any ideas as to the timescale of when the sale will go through?
Any chances of a counterbid at all?

[rabain] 16/5/2013 01:14

I agree with kibu and tenapen, for most long suffering investors this is a kick in the teeth, but hey ho it could be worse! Great article in the Telegraph today which includes a comment from a Panmure analyst saying the new owners should divest themselves of Fastjet immediately, any figure in excess of zero being a good deal! also this quote from Richard Needham, "I'm sorry to see a major operation for development in Africa sold for such a disastrous price because, in my view, of the way it's been managed."

[kibu] 15/5/2013 22:45

There have been a few wonderfully transparent individuals posting here over the years. Copying their postings might help future investors.

ADVFN, LSE and iii's archives are presently available but will be difficult to find after de-listing. FS Africa, if their LONR bid is successful, won't have to declare much information.

Copy the BB postings archive while you can. The potential new owners are unlikely to own LONR for long, neither will the management retain their present jobs.

A "new Lonrho" will be floated later. Hopefully, you will then be able to look at the abysmal Lonrho BoD history between Nov 2006 and May 2013 as IRRELEVANT.




kiboohoohoo

[kibu] 15/5/2013 22:25

tenapen, I'm neither used to nor comfortable with people agreeing with my posts about LONR but I recognise your moniker. Why so? Have we clashed?


kibu

[tenapen] 15/5/2013 17:15

I agree with kibu,

Quote; "For a management that claimed to be working for shareholders this represents a two-fingered salute"

[praipus] 15/5/2013 16:28

Slater Investments interest disclosed as 1.04%


For anyone interested I track the Slaters and other systematic value investors holdings on the WAM thread:)

[lucky_punter] 15/5/2013 14:18

UPDATE: Lonrho story set to end after agreed £175mln bid
By John Harrington and May 15 2013, 1:26pm


Lonrho's focus is the fast emerging economies of Africa.
-- Adds broker comment and company background --
The long tenure of Lonrho (LON:LONR) as a listed company appears to be coming to an end following an agreed bid valuing the Africa-focused conglomerate at £174.5mln.

[tommyjnewton] 15/5/2013 09:30

Looks like a super deal for the purchaser if proper management is put into place! This is despite all manner of skeletons that are likely to be found in the near future!

[bernieboy] 15/5/2013 09:28

I am pretty gutted as I have been here for years and thought the potential here was massive. Having said that I have previously sold some at 21p and all of my purchases are below 10p including a few weeks back at 4.7. Still had high hopes of 30p+ a share longer term.
I have sold half of my holding now - just incase of a counter bid.....

[kibu] 15/5/2013 09:27

Considering the source of the bid it appears to sort out the multi-million pound derivative 'problem' for a few wealthy parties. The handful of recent investors can celebrate their potential windfall too.

The twenty thousand long-term shareholders that include former employees and many in South Africa have seen their holdings decimated. 80% of shareholders, if the deal goes through, will get a cheque for a paltry two figure sum. For a management that claimed to be working for shareholders this represents a two-fingered salute and sign off to an extraordinary business failure.



kibu

[vyke82] 15/5/2013 08:47

They still havent got majority so might still fall thru or perhaps counterbid from Chinese.

[davidlloyd] 15/5/2013 08:28

Pleasantly surprised- though this seems to have been a great example of walking the price down to soften up holders for the take over at a 'justifiable' (but in my view too cheap)a price.
Still, nice profit at a time when my miners are looking rubbish.

DL

[vyke82] 15/5/2013 08:20

Not a bad profit having entered at low 4p. Yay!!!

[m1das_touch] 15/5/2013 08:06

Well, well...what a nice surprise. So glad that I averaged down at 4.79p now, makes my average price 7.46p, so a 25% profit. Happy days. To be honest I'll be glad to see the back of Lonhro, management have simply failed to realise the huge potential of the booming African economies.

May consider re-investing part of my proceeds in AGTA...but will give careful thought to that one!

[hyper al] 15/5/2013 08:05

agree, a real shame.

[mattjos] 15/5/2013 07:50

What a shame. Leni pretty much took the cash out & left it open to this opportunistic bid & the current directors have just rolled over knowing the game is up.

[hyper al] 15/5/2013 07:44

well done holders. Im waiting for the same thing with my BLVN holding.

[hyper al] 15/5/2013 07:43

Blimey

100 years of history on the move.

[tomboyb] 15/5/2013 07:42

Trash the share price then BANG - offer tabled. Well done to those that held on.