Nsb Retail Share Discussion Threads

[calamity] 11/1/2008 17:07

Of course I could always find the box with the counter bid in it........

[calamity] 11/1/2008 17:06

Well there 'ya go.... Canadians are happy with the scheme of arrangement.........not that I have any more invested interest now.........this is like "Deal or No Deal" for me now.......now that I've opened the box.....I need to find the box with the yes vote in it....otherwise the banker will have won........

[boadicea] 11/1/2008 10:40

O/t: For those still wondering what to do with their weighty NSB proceeds (should that read waity?), I am feeling fairly relaxed about my investment in LRL.
It is beginning to attract more attention as its gold/silver/zinc prospect in Heilongjiang (China) promises to come on stream towards the end of this year.
Quoted on ASX and AIM, it therefore qualifies for ISA/PEP status although some providers (e.g. BSL) will not cooperate. The company is good at reporting progress and has a very personable and proactive MD in Paul Atherley.
I am not suggesting anyone should rush in as it will probably not take off for some months yet and a patient wait (had plenty of practice with NSB!!) for a better opportunity (nearer 25-27p perhaps) may well appear during dull patches or market upsets rather than paying the 30p that it has risen to today.
The continued (and accelerating) drop of the pound against an international currency basket (including particularly Oz Dollar) will do no harm at all to the potential returns.
Useful background information can be found on this site -
http://www.minesite.com/webcasts.html
and more specifically

as a start to DYOR.

Reportng brokers include Ambrian and the ubiquitous Seymour-Pierce.

[loafofbread] 10/1/2008 19:33

Quite what Sandell, a $5B New york hedge fund is doing buying 5% of NSB is a bit of a mystery. I wonder if it's them again today.

[calamity] 10/1/2008 16:59

Looks like Morgan Stanley are doing the same as some of the rest of us and not waiting for the inevatable passing of the vote and waiting another 6 weeks for their money seeing other opportunities now.......lot of movement of shares again today.......but of course my interest is not generic now....just window gazing........

[loafofbread] 10/1/2008 13:49

FID who held 10% were not party to accepting the 38p offer.

However they have now sold half there holding to someone at 37.5p 4 weeks before collecting 38p.

Last breath of NSB or has someone jumped in and taken a holding?

[loafofbread] 10/1/2008 12:04

Interesting RNS.

Basically asking who's stuck their nose in and bought 5% or 10% of the company.

[loafofbread] 10/1/2008 12:03

Interesting RNS.

Basically asking who's stuck their nose in and bought 5% or 10% of the company.

[bozicle] 10/1/2008 11:57

Good point Lob, I wonder.

[bozicle] 10/1/2008 11:56

oh Charlotte... and you were so quiet. You gotta watch those quiet ones Cal.

Maybe you can make up your absence by suggesting a few tips for this year Charlotte ???

[wooly62] 10/1/2008 08:17

I haven't received any papers about the meeting, which has reminded me I never told the registrars when I moved house a couple of years ago! I received my dividend cheque and annual report as the people who bought our old house kindly bring around post for us periodically, but I'd forgotten we still hadn't sorted this holding..

I'm backing 2 stocks now - M&S, which looks very good value as yesterday's fall is way overdone (IMHO) and TAN whose stock shot up but has since fallen back considerably for no reason that I can see, other than that the extent of the rise was perhaps more than is justified based on profits to date. The fundamentals there look good and demand for their core products (electric vehicles) seems to exceed their production capability. The share price may not recover to the levels of a few months ago in the short term, but I think it offers great medium term potential. Obviously DYOR.

[jon123] 09/1/2008 20:05

according to TD Waterhouse monies should be in your account around 21st of feb

[loafofbread] 09/1/2008 20:04

The buyers haven't declared a stake yet so why buy now?

[charlotte2210] 09/1/2008 18:20

Can someone explain when the cashing of the shares actually take place? Assuming everything is approved on the 16th (which by all accounts seems to be the case), and the new company takes ownership on 7 Feb. Does that mean that everything needs to be squared away prior to the 7th?

Enjoyed everyone's insight/views/opinions/rants/raves on the Board over the last 5 years. Having bought in at 3.125, I was really hoping to hit it big with a 60 or even 70 sell price. But 38 is still not too shabby...

Cheers everyone...

-- C

[calamity] 09/1/2008 15:25

Thanks nellyb........still looking and reading posts.....trying to get the right angle........

[nellyb] 09/1/2008 15:02

Calamity, MDX certainly looks like it has a real future. A possible new Shire in the making but the share price is so violitile, as you probably know, and good news on top of good news keeps pushing the share price even further down. Founder member has bought (in an investment vehicle) approx 10million shares/8% within the last two months or so. Hope he can see value!
Regards Nelly.

[a0152232] 09/1/2008 14:58

It does make you wonder.
All these institutional shareholders piling in over the last year to pocket a very nice 30/40% profit.
I believe the whole last years (& probably longer operations) have been a complete stitch up & if we had a regulatory body with any nouse the management/directors would not be able to get away with this.
They certainly wouldn't in the US.
NB did well to bail out at 35p. Incredible foresite or just luck?
Personally I think the handling of this take over is verging on the criminal.
No information, no opportunity to participate, an excellent deal for the management (as quoted by themselves)& s.. the long term punters.

[calamity] 09/1/2008 14:54

Bloody hell........a bit of stock moved there.....lob ...is that you at last capitulating and moving on........

[loafofbread] 09/1/2008 11:01

Have to laugh. I've waited 2 weeks for this reply!

Dear Mr. Kay.

Thank you for your message.

As your ISA/PEP adminsitratot, we are obliged to cast your vote by proxy at the upcominf meeting. Unfortunately, we would not be able to provide the materials needed by you to attend the meeting. As a nominee shareholder, we would only receive one copy, in Selftrade's nominee name.

However, if you can provide us with the details of the meeting, i.e. the date and address, we ill be able to generate a letter of representation for you.

This letter will enable you to attend the meeting, and cast your vote.

If you require any further details, do not hesitate to contact us.

Kind regards,

Quality outfit Selftrade/comdirect.Useless.

[loafofbread] 09/1/2008 10:48

Worth going to the meeting just to have a chat with Mr Burns.

38p FFS.

[calamity] 09/1/2008 10:38

The ink is hardly dry on the previous post........and the postman arrives with 4 envelopes........letters received today the 9th....and only a letter outlining the proposals....no document with details...just dates....and to contact them by the 10th to be able to vote on the scheme of arrangement....talk about a kangaroo court.....just as well I'm not out for the day or 2.....surely in these circumstances a 2 week period should be alloted for those that are indisposed....away on holiday after christmas....all set up so some cannot vote....absolutley disgusting....thank you NSB for your so called shareholder value over the past 5 years.....be glad now to be rid of them frankly and the board to boot.......

[webley] 09/1/2008 10:13

Rec'd my proposal paperwork yesterday but no voting papers. When I phoned my broker this morning they said they had not received any voting forms to send on to me. They also said "this is going through regardless". Anyone else not receive their voting forms?