Mercantile Ports & Logis... Share Discussion Threads

[pav 1] 07/12/2005 17:00

C.R, maybe a write up or tip in tommorows shares mag moght push these up a little, pav

[cockneyrebel] 07/12/2005 16:24

Goldman Sachs buys 5m shares.

Nice of them to pay a big premium, and unusual imo.

CR

[cockneyrebel] 07/12/2005 12:01

Nice bunch of buys and the bid up - Breakout I think :-)

CR

[cockneyrebel] 05/12/2005 13:25

okay Jak - cheers, will take a look.

Just topped up here.

Take a look at CIU today - they have annual sales of £250m and a market cap of £100m. MPL could well have sales around the same or close to that level yet a market cap of £23m. CIU burdened with asbestos legacy still and don't pay a divi either.

Just illustrates where MPL could be going imo.

CR

[cockneyrebel] 04/12/2005 21:20

I agree - I think a big chunk of stock that is 'bought' rather than 'sold' would command a premium - it simply indicates, as you say ygor705, that the sock had a keen buyer at that level.

JakNife - I'm not sure you'll see an RNS as to the buyer. It seems this rule gets ignored on occasions. ASO saw some huge trades go through a few months ago, in excess of 10% of the co but there has never been a RNS regarding the buyer or seller. But I still expect to see one.

Forvaltnings AB Bronsstadt (Peter Gyllenhammer) has sold the 12.52%.


Christineborg Fastigheter AB has 16.69%. The are both connected parties of some sort - this was on AFX a year ago:

"Forvaltnings AB Bronsstadet and Christineborg Fastigheter AB (which owns 10 mln shares in Montpellier group, or 16.9 pct) are connected parties. Together they now own 19 mln ordinary shares representing 31.72 pct. [e-mail]

Perhaps we'll see another RNS not far off with Christineborg Fastigheter AB selling a wadge at a premium too.

CR

[ygor705] 04/12/2005 20:36

Not sure that I agree that a big chunk of shares should always command a premium price; depends on the situation in my view. If MPL was still in the dog pen somebody would have had to have taken a big haircut to shift 12%+ of the company. The fact that this is not the case here is very bullish in my view..................but, as always, DYOR.

[graham_brown1] 03/12/2005 23:39

Do we know who the buyer of the 7.5m shares was?
12.5% of the issued share class so it should it not be made public?

[cockneyrebel] 03/12/2005 15:58

And the chart now in a sharp up-trend.

CR

[hvs] 03/12/2005 13:31

Biddr or no bidder looks very good and 60p is a real possibility.

[cockneyrebel] 03/12/2005 11:26

I don't think that's right Graham.

The trade went through Thursday afternoon at 40p when the spread shown was 36p/36.5p so someone paid a 10% premium to the market. The price actually moved up on buying as punters saw the trades.

I know what you mean tho, to get 7m+ at 40p isn't a premium in reality as trying to acquire that lot in the market would cost much more - if you could ever get that amount, which I doubt.

Looks like a possible bidders strike to me tho. When is the best time to bid for a company - when it's dealt with all the mess, turned around, just into profit and the shares still not reflecting the future value, more the past poor performace imo.

CR

[graham_brown1] 03/12/2005 09:47

I don't agree it was a premium, I would have to have paid 40p for 1k shares that day and the buyer got 7.5m for 40p!!!
The selling price was around 36.5p so it was a good deal for both the buyer and the seller imo. I agree still looking good with or without a predator.
Why has the name of the buyer of 12.5% been published?

[ygor705] 02/12/2005 14:52

This is very positive news and I agree that this could now make a very interesting titbit for another construction player. There is plenty of work about in UK at the moment so a bid looks a distinct possibility. Interesting to see that the big buyer is also prepared to pay a premium.

[hvs] 02/12/2005 11:25

Its looking very good.

You will get the 60p you mentioned.

[cockneyrebel] 02/12/2005 11:19

MM's have soaked up a 25K and 50K sell this am and paid a premium.

Definitely a buyer around.

CR

[hvs] 02/12/2005 10:11

It is very cheap and ready to be taken out at a good premium.

[cockneyrebel] 02/12/2005 10:09

Who's the keen buyer tho?

Brewing have just become house brokers, were they approached to get this stock? Someone wanted to pay a premium of 4p over the offer when the deal was struck, that isn't a reluctant buyer.

Look at the sum of the parts:

£11m tax losses - might be worth £3m to another construction company in saved tax.

could be £4-5m profit in year one if anyone bought MPL

£190m order book.

£250m sales per annum.

And some property assets we have yet to know the full value on.

All for £22.8m!

Strip the assets, first year's profit and tax losses out and a buyer gets MPL for net around £8m I suspect and pick up £250m sales and an ongoing growing profitable construction business.

Looks ruddy cheap to me.

CR

[hvs] 02/12/2005 08:25

Wonder why he sold out , and who is really behind Christineborg Fastigheter AB ?

[capa] 02/12/2005 08:20

In the Times today

Montpellior Group added 2p as Brewin Dolphin placed 7.5 million shares, or a 12.5% stake, at 40p on behalf of Peter Gyllenhammar, the Swedish value investor.

"value investor" ?! aren't we all !!

capa

[cockneyrebel] 01/12/2005 18:15

If it's Christineborg Fastigheter AB they now have 29.2%

CR

[hvs] 01/12/2005 18:12

Looks very good for a further strong rise.

The main thing is the situation has stabilised.

[cockneyrebel] 01/12/2005 18:11

Forvaltnings AB Bronsstadt

5. Number of shares / amount of stock acquired

N/A

6. Percentage of issued class

N/A

7. Number of shares / amount of stock disposed

7,500,000

8. Percentage of issued class

12.52%

----------------------------------

So who is the keen buyer that wanted them that much they paid 10% over the market price @ 40p?

Another RNS soon imo.

CR

[cockneyrebel] 01/12/2005 17:16

another 6.5m at 40p after the close - looks like the two ways of a 7.5m trade.

Someone has sold 7.5m to someone else at a 10% premium by the looks of it - going to be interesting to find out who and why they are that keen - tho I think I know why they are that keen to pay a premium :-)

CR

[hvs] 01/12/2005 15:40

I would not disagree.