Nsb Retail Share Discussion Threads

[timtom2] 17/12/2007 21:27

cal - you may have understood but to be clear - I was telling £5 to f@ck off.

Reality has seeped into my mind this afternoon - suffice to say will take what is on offer and I too will "foxtrot oscar".

It has been a pleasure to share this BB with such a decent group of civil posters. Good Luck everyone.

[ktoeto] 17/12/2007 21:20

Well guys, I guess it is coming to decision time and speaking for myself I am delighted to at last have a chance to make a decision! A higher price than 38p is what we all want, but, in the end, unless a better bid comes along, I will jump at taking this exit. I know the shares briefly hit this same level when I was skiing a few years ago, and I missed it then, but here we are again and I am personally not going to miss it this time. Yes, profits are up, but the P/E for the sector has come down, and the 20% fall in the small cap index in the last six months makes 38p a reasonable price in today's market. Particularly given the storm clouds lingering over the US economy and its currency. I suspect there was some insider buying over the last week or so, which probably prevented the shares from going down lower than the 24p they were at last Wednesday, so the premium of 58% is not bad.

A counter bid, as someone pointed out, need only be at 42p to allow the irrevocables to be released. If no counter comes in, we have a reasonable exit; if we get a counter, then we have two Christmases.

[nellyb] 17/12/2007 18:01

wooly - please try not to engage please, otherwise every other looney who does'nt hold will want to chat to us.

[wooly62] 17/12/2007 17:11

Fivepounds - do you have an interest in NSB or are you just one of those irritating posters who has nothing better to do with their time than make pathetic comments which are neither informative nor humourous? Do us all a favour......or if you won't do that, tell us which companies you're currently investing in.

[calamity] 17/12/2007 16:48

Seems to be coded TT.....can you decipher over...........

[calamity] 17/12/2007 16:34

TT........you are breaking up...over.....

[timtom2] 17/12/2007 16:23

fox trot oscar 5p

[fivepounds] 17/12/2007 16:08

BT won't offer I just phoned them and the lady said she knows nothing about NSB but instead she offered me free weekend calls which I am thinking about and I put her on hold - see how she likes it!!! infact I will ring her at the weekend as she kindly offered me free weekend calls.

[calamity] 17/12/2007 16:00

Can the bidders buy shares at this stage....or perhaps some of their associates........seems to be some hefty size purchasers.......wonder if BT are buying to scotch any bid or make a bigger offer.......come on BT offer 50p.............

[calamity] 17/12/2007 15:55

So we now know the real value at present of the company.....even though they have been trading for the past 12 months somewhat below that figure.....the bidders must have seen the year end results and based their bid on what they've seen........so It wouldn't be to hard if that be the case that those figures are good and the price will remain somewhere near what the offer is today and therefore over the next year will be on It's way with further increases.......that's my wage...but if the deal does go through we'll never know....they won't be published........

[a0152232] 17/12/2007 15:53

Cal
I will vote NO.
However I still think it is a total management stitch up.
TN.
Management aren't stupid & I'm sure you will find that a treasured few will do very nicely out of this deal.I suspect results are good & if they can ensure a takeover before then at a relatively low price then they will be rewarded.
Why aren't DKW getting all sorts of press coverage?
Let's just hope that BT or ANO take notice & start a bidding war.

[tommyjnewton] 17/12/2007 15:40

I don't get this 'conspiracy by the management' argument. Why is it in their interest to lose control of the company at a low price? Their salaries and options will be fixed by a second party and some are likely to have to leave.
Surely this is more likely to be stupidity and complacency. The timing before results is further evidence for my argument - unless results are less than expectations.
I've been a holder since the shares were around 80p and have bought and sold since. I must say it's been a boring wait for this.

[calamity] 17/12/2007 15:28

I haven't read entirely all the substance of this bid.....but it occurs to me in their writeup.....the management are very keen to get this through before any full year report.....look at all those percentages of increase on the offer from the various "the share price was da.de.da at sometime in the past".....with that in mind I think they are thinking "will the vast majority of shareholders accept this low offer.....pretty pathetic when you think how they let this slid over the months.....this offer or bid is all about them the management....feathering their own nest....It makes me boil.....

I'll be voting NO alright........and hope the rest of you will also.....

When is the vote expected.....haven't had time to go right through the volumes of the offer........and when can we expect a counter bid.....

[pingi] 17/12/2007 15:15

calamity - 17 Dec'07 - 14:58 - 3210 of 3211
'I'll be voting NO..NO..NO........If we all vote and get that overall voting percentage up'

Forget the %'s !

If YOU have 1 share and vote NO it will cancel somebody with 10m shares voting YES at the court meeting so don't be put off by people telling your say doesn't count. That's the great thing about a scheme of arrangement.

[markinthepark] 17/12/2007 15:06

Cal,

I've been there, seen it and done it mate....RTD did the same thing...don't fight battles that you cannot win.....you cannot hold back the tide

[calamity] 17/12/2007 14:58

Very disappointed in that offer.....and I can't undertand some long term holders already throwing in the towel.....I'll be voting NO..NO..NO........If we all vote and get that overall voting percentage up then it may not go through.........how does BT stand here.....also Burns.......If Aberforth have given undertakings to vote yes....I'm surprised considering the majority of their holdings must have been purchased circa 33/34P back 18 months ago when they obviousley took on Eaglets shares.......and more recently circa 28p over the past 6 months........seems a poor return if my figures stand up to scrutiny for such as Aberforth.......so if 30% are all the large holders.....in who's hands do the rest lay....and what are they thinking or deciding.....if they read these BB's....I think it wrong and stupid for peeps to start throwing in the towel without a fight.....

[fivepounds] 17/12/2007 14:56

Boozey - you say that there are plenty more opportunities - well to be honest there aren't any except down the pub - hence the name boozey no doubt. Mine's a half Mark by the way.

[markinthepark] 17/12/2007 14:12

I agree 100%...lousy deal, lousy timing for PIs but since when did the management here show any interest in their shareholders? Best to learn the lessons and move on to pastures new......

[a0152232] 17/12/2007 13:49

Personally I think the timing of this stinks.
Just prior to January trading update which by all accounts will be pretty good.
Management are looking after themselves as usual & not getting best shareholder value.
However probably nothing we can do about it.
Generally very dissapointing but as already said just move on.

[wooly62] 17/12/2007 13:31

A 10% return on my 4-5 year investment doesn't exactly thrill me, but it's better than the >30% loss I've been sitting on. Is it realistic to expect a counter-bid? timing cleverly fits into the Xmas and New Year window where nobody's likely to want to be distracted by looking at a bid for NSB. I think it's a poor deal for shareholders, but in reality I bet there are very few who will vote against it (and I won't as this has been a source of constant irritation almost since the day I bought in!).

[boozey] 17/12/2007 13:25

Delivering shareholder value was never NSB's strength. Never totally recovered from that infamous takeover at the turn of the millenium that nearly caused the company to go bankrupt. 38p is higher than the price has been for years. Given the lack of interests in the IT sector, NSB track record and the state of the markets in general currently I would take the money and move on. As I posted last night the 61% premium is significantly in excess of a normal premium for a takeover so whatever one thinks of the situation that is the way it is. it is an agreed takeover with nearly 70% of the shares already guaranteed to vote for the takeover so mere mortals that we private investors are we are wasting our breath here by debating the rights or wrongs.

It is a reasonable result, move on. Plenty more opporunities in the market.