Nsb Retail Share Discussion Threads

[loafofbread] 17/12/2007 12:44

Just seen the profit warning at CCT.

£16M in the bank and 3i own 29.9%.

[markinthepark] 17/12/2007 12:06

LoB,

True......then again I've realised these days that is no such thing as "investing" any more.....you have to look at sentiment and ride the waves.....that has worked twice for me with NSB and BIFF which both became bid targets after their SPs were driven into the dirt......question now is which one next? I think it may still be to early with AZM as sentiment is clearly very negative there....but there will come a point when someone can see value there, I just wish i knew where that was.....

[loafofbread] 17/12/2007 12:02

At five grand a penny i'm going to give it a few weeks.

Azm is a disaster. when will i learn to ignore anything these bosses say.

[markinthepark] 17/12/2007 11:55

LoB,

The deal is done.....you can either hang on for the extra pee or cash in and buy some more AZM...-:)

[timtom2] 17/12/2007 11:54

Correct pingi - look at the presentation PDF.
NSB #1 in % on Retail.
Taken for a song.
I don't see Oracle via 360 Commerce just sitting back without considering getting involved.

[pingi] 17/12/2007 11:37

Don't expect management to get it for you... you don't get this far without having them in your pocket.

[loafofbread] 17/12/2007 11:31

I've got zero interest in this deal going pear shaped, I just want a higher take out price.

[markinthepark] 17/12/2007 11:25

It aint gonna happen....take the money

[pingi] 17/12/2007 11:22

loafofbread - 17 Dec'07 - 10:18 - 3192 of 3194
'75% need to vote in favour'


Came here after RTD... now something similar is happening.

As I explained for RTD, the % thresholds required are for those voting.

If only those holding 40% of the vote actually cast their vote they actually only need 30% to see this through.

Good things these schemes of arrangement... at least for an accomodating management and a passive shareholder base.

The good thing is (if you want to stop a scheme going through) a majority in number of holders can prevent a minority in number of holders (even if the minority hold an overwhelming majority of the vote) from passing the court approval required.

Anybody feeling activist?

[fivepounds] 17/12/2007 11:11

loafofcheese - filtering because you're not happy with the bid price? seems to be thats the case.

[joey_the_lips] 17/12/2007 11:01

If it's as cheap a deal as it looks surely somebody in the competition will counter bid. There's nothing these guys hate more than seeing one of their competitors getting a third party on the cheap and threatening their own market share by eclipsing them with the size and stature of the proposed amalgamated combine. Makes sense to try and grab the third party yourself or at least make the first bidder pay a lot more than they were hoping to.... thus effecting their bank balance.

Lets see how competitive the market really is!

charlie

[timtom2] 17/12/2007 10:00

Had a quick read up on Epicor - some pretty disgruntled posters on Yahoo.

[timtom2] 17/12/2007 09:56

Epic vs Oracle.
Look who has given the more consistent returns.

No wonder Epicor have to try and sell the deal to its holders - not because it's overpaying but because it has had some problems of its own.

Looks like an attempt to hitch some growth to the company.

Would like to knwo what they have offered NSB management !!

[timtom2] 17/12/2007 09:44

Look at page 13 of the PDF. Let's hope for an interest via:

360 Commerce - Oracle
Datavantage - Moros
JDA Software
Triversity - Sap

NSB are #1 and can add value to any/all.

NSB + Oracle would go nicely. Would much prefer NSB under the Oracle umbrella even at 38p.

[timtom2] 17/12/2007 09:34

Epicor figures all based on 30th June 2007 results - obviously.
What about the next set that should show growth?

Reads as a way to sell the acquisition to Epicor shareholders and not to convince NSB holders. Should be the other way round.

Look at the overall return figures - NSB look more efficient imho.

What a frickin cop-out.

[timtom2] 17/12/2007 09:30

Conference call liver at 8:30AM ET today.

Presentation for the call -

[fivepounds] 17/12/2007 09:29

yes but markets have only recently deteriorated surely you must know that.
They could stay independent yes and see 15p? which is better - yes the takeover.
see you all and good day!

[timtom2] 17/12/2007 09:28

NSB management have paid no attention to the fricking markets for years - why start now?

There is a real inconsistency here.

Stay independent and plough their own furrow - stuff the derisory offer.

[fivepounds] 17/12/2007 09:25

TimTom2 have you seen the markets? worldwide decline? hello??? thats what has led them to agree any better offer no doubt.
most likely won't see a counter offer. why? obviously there isn't one clearly.

[timtom2] 17/12/2007 09:22

Well they should stay independent then and not sell at all.
Where is their pride in the company.
What have the exisitng NSB management been offered to push this through?
Smells.

[fivepounds] 17/12/2007 09:19

everyone who was expecting 56p etc - guys wake up -you are living on another planet!!!
Considering this was 22p recently and with the volatile markets you are lucky even for 37p!!!! had the bid not happened this may have gone to less than 20p!!!
Mark where is my fiver?? I said the bid wouldn't be that much higher and ho ho ho!

[nellyb] 17/12/2007 09:13

i bloody hope so!