Natwest Share Discussion Threads

[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 Of course the offer has to be caveated, and may be reduced or withdrawn.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.

[tuning peg] 28/6/2011 09:41

Would opt for NG. On a prospective yield of 6.7% plus there is a suggestion that they are trying to exit their US operations which could lead to a special dividend.

If you are also looking at infrastructure funds then I am heavily into HICL.

As posted before I would also highlight ECWO. They have a large holding in NWG which will greatly enhance the NAV if indeed any bid does materialise.

Also ECWO have many holdings in other utility companies both in the UK and globally. They are currently trading at the bottom of recent trading range so would suggest there is an opportunity here to buy before the market clicks that they stand to benefit handsomely from sector consolidation activity. I topped up recently at 121p - and they are on a yield of circa 4%.

[gateside] 28/6/2011 08:07

Thanks.

SSE are my largest holding - excellent company.

Could be tempted (if NWG are bought out) to add cash to current holdings of PNN and NG.

[bountyhunter] 28/6/2011 07:50

Gateside - further follow up possiblities are sse, cna, and bg. as already mentioned, imho, dyor...

[gateside] 28/6/2011 07:27

Suggesting 500p a share

[abcd1234] 27/6/2011 21:44

from the FT... just 10 mins ago......

"Analysts at Goldman Sachs said that bidders might have to pay as much as 510p a share for Northumbrian, based on historic takeout multiples."

[gateside] 27/6/2011 21:30

Thanks... Praipus.

Already hold PNN & BG.

Quite like the look of ECWO & UEM

[praipus] 27/6/2011 20:27

ECWO? DVW? UTL? UEM? PNN? BG? IMHO

[gateside] 27/6/2011 20:03

Great news if it come about. But where do I invest the cash?

[alan@bj] 27/6/2011 16:44

My guess is around £4.50.

[abcd1234] 27/6/2011 16:10

Any idea on possible take out price