Natwest Share Discussion Threads

[alan@bj] 12/7/2011 16:36

My thoughts too, Arja.

[arja] 12/7/2011 13:34

suddenly taking off for some reason !

[alan@bj] 11/7/2011 14:40

I suppose the OTPF have to decide whether to make a bid themselves, sell to CKI, or sit tight with their 27%. Can't believe they'd do the latter though, as CKI would surely be making all the important decisions - what if they reduced the dividend, for example. I hope there will be a higher bid, but it's probably just wishful thinking.

[zeppo] 11/7/2011 10:35

I paid a broker's fee to get out at £4.12 ( aslo losing the divi and knowing that there is no fee if shares are held until the deal goes through) but bought into two other water companies, and FCRM. In the short term I look a mug but if there is a competitive bid for NWG or even if this bid goes through then hopefully my other water companies will benefit proportionally. FCRM is a long term utility play which had results out last Friday. Not without risk, if it makes progress then getting in early may look a sensible decision.


Good luck to all holders!

z

[ygor705] 11/7/2011 10:17

There remains the possibility that this could become a competitive auction. Ontario Teachers have always been keen on this company and this announcement probably means that it's "make your mind up time" for them. Not a time to be short imo.

[payney36] 11/7/2011 10:00

Damm sold these at £3.50 but they had gone as low as £2 but a profits a profit i suppose!Well done to all who held on.

[arja] 11/7/2011 09:55

tuning peg,
no, just a proposal subject to due dilligence and hence the share price only 446 area today so far. I think there is very little chance of a rival offer but anything is possible in markets .

[arja] 11/7/2011 08:55

edging up now and maybe it will get to 455 by end of day !

[tuning peg] 11/7/2011 08:32

Have the board actually recommended the offer? The wording of the statement doesn't indicate this. It looks like the board have at least got the initial offer raised to 465p. I think the board's actions keeps the door open for a rival offer. Also significant that we haven't heard anything from the Ontario Teachers Pension Fund yet.

[arja] 11/7/2011 08:12

I excpected it to open at about 455 to be honest ! Of course I realise it is not a done dael and no chance of offer being raised .

[alan@bj] 11/7/2011 08:10

What did you expect Arja? A cast-iron guarantee? Of course the offer has to be caveated, and may be reduced or withdrawn. But that doesn't mean it won't go ahead. Buying in at 442p doesn't give sufficient (potential) return for the risk in my view, but I very much doubt this won't go ahead.

[arja] 11/7/2011 08:04

not so certain it seems as can buy now at 442 !

[whackford] 11/7/2011 07:53

Looks like 465p it is then.

[gateside] 11/7/2011 07:29

Following the announcement on 1 July 2011 that Northumbrian Water had received a non-binding indicative proposal from CKI, Northumbrian Water now announces that CKI has made a revised non-binding proposal at 465 pence in cash per ordinary share for the Company.

Under the terms of the proposal, Northumbrian Water shareholders will remain entitled to receive the net final dividend of 9.57 pence per share in respect of the year ended 31 March 2011, due to be paid on 9 September 2011 to shareholders on the register on 12 August 2011

[craigends] 05/7/2011 15:44

Opto -could not agree more - big question now is he on losing streak? News from China re underestimated bank loans could make his entry in there a bit late.IMHO.

[optomistic] 05/7/2011 14:19

Haven't seen any comments from Neil Woodford.
It does highlight the fact that the pros don't always get it right!
Make your own judgment and stick by it does work sometimes :-)

[alan@bj] 02/7/2011 18:30

And the Telegraph said today:-

The utility has a market capitalisation of £2.2bn and a share price currently at 422p, with Goldman Sachs giving a mergers and acquisitions value to the share price of 464p.

[alan@bj] 02/7/2011 18:28

This is from yesterdays Guardian:-

Earlier this week Li's CKI Holdings said it might make an offer for the company, with analysts speculating it might first have been guaging the views of Northumbrian's major shareholder, the Ontario Teachers' Pension Board. Northumbrian's shares have added 3.8p to 419.4p, with traders speculating on a possible offer of between 450p and 500p a share, valuing the business at up to £2.6bn. Northumbrian emphasised, as is the norm, that there was no certainty any offer would be made.

[alan@bj] 02/7/2011 18:22

According to today's Times, "the market" are expecting the bid to be about 415p. Not sure if that isn't a misprint given that the price is currently 420p and Goldman Sachs (I believe it was) said they'd need to offer closer to £5. Anyone else seen any paper talk about the price?

[craigends] 01/7/2011 13:28

1239
Twas always thus -well rememeber Woolies 'bid' then by Monday morning bid aborted- rest history. No danger of Woolies here though IMHO.

[redartbmud] 01/7/2011 11:44

Sell in the market or hold on for bid?
What are the odds?

[praipus] 28/6/2011 17:43

Or you could always go the value arbitrage and liquidations route?

[zeppo] 28/6/2011 11:37

Out knowing that a takeout could be at a higher price and without dealing costs - but that is some time ahead

Re-invested into water companies with higher yeilds and Fulcrum Utility Services (FCRM) which has no divi but has results out in two weeks time approx.

z

[spencerchapman] 28/6/2011 10:50

What does this mornings rule 8.3 disclosure actually mean for our NWG shares?
Have held these for best part of 3 years so it's nice to see a healthy profit at last.
Sell in case CKI walk away or hold out for max profit? Always a tough decision.