Nsb Retail Share Discussion Threads

[calamity] 15/1/2008 16:05

Thanks...er..

[erbullion] 15/1/2008 15:28

cal,have a look at MTA exciting oil play, lots of big pi's invested

[calamity] 15/1/2008 14:31

Thanks Wooly.........dot..dot..dot..over.....LOL.....

[wooly62] 15/1/2008 14:02

Cal - The lack of volume today does suggest nobody is frantically buying stock ready for their counter-bid. My take was/is that the deal will go through unless a firm bid comes in at the +10% level - if not, tomorrow's meeting is a formality and we take the 38p. That's still slightly better than I'd have got in tyeh past few weeks and I have nothing new to invest in that made me want to forego any possible new bid.

I guess.....in the absence of another bid....all that remains.....is for me to wish you well in your replacement stocks. I very nearly bought in to ALM myself, but I missed the boat (well, it slipped back afterwards but I'm not sure there's a significant gain to be had in the short term from today's price). I hope you like my new style of posting, it's in your honour :-)

[calamity] 15/1/2008 12:14

Wooly/Webley...as ever in this game It's up to the individual to go as he see's fit....if your both happy and holding out for your money in over a months time with the possibilty of someone else coming in with a bid...that's fine....It's horses for courses.....my view was take 'me money now....if it does fail and there's no counter bid....the share price will drastically reverse as seen with other bids not coming to fruition.......however I cannot really see this bid not being a done deal....especially as the Canadians are on board.....probably BT.....and the other larger holders....so I think It will go through.......I also think a lot of these large buys are linked with Epicor through some of there associates to make sure the deal goes through.....but I couldn't wait another month....got itchy feet for other opportunities....and didn't want to miss the boat by delaying another 5 or 6 weeks before I got 'me money to re-invest.....whether they come to fruition is another thing....non of us are wizards at this game are we.......cheers to you both and good luck whichever way you go.....may see you on other boards.....I now feel like a prisoner that has just been released.......just hope I don't re-offend and spend another 4 years waiting to be released once more...........don't forget.......BUY LOW...SELL HIGH.......if you can that is.......

[webley] 15/1/2008 11:48

I, too, have waited 5 years for this and was disappointed with just 38p. That said I would not like to see negotiations screwed up and the price drop back without something firm (and better) to replace 38p. On that basis, my worst case scenario would be for the Epicor deal to be rejected tomorrow without a firm replacement bid whilst a n other coy tries to negotiate to buy but these talks subsequently fail. Is this even a possibility or am I needlessly concerned? Grateful for any reassurance!

[wooly62] 15/1/2008 11:38

Well, if the rumour is true I'll be delighted, but this beggar has disappointed for most of the 4 years I've held it. Anyway, I'm still in as another couple of weeks makes no difference and everyone thinks the current deal is a steal (everyone with the possible excpetion of the board I suppose). Fingers crossed for a last minute goal.

[boadicea] 15/1/2008 11:27

lob - According to my notes, in addition to the Court and General Meetings both being held tomorrow, the deal also has to be approved by two further Court Hearings to be held on 4th and 6th Feb.
The Court approval (interpreting the rather arcane wording)requires a bare majority of those present and voting with the proviso that they represaent a minimum of 75% of the shares of such shareholders. (I assume the "such" means those present and voting.)
To be released from their commitment, most of the institutional holders require that a competing offer at least 10% above 38p (i.e. =/>41.8p) shall have been received.
I am not sure whether this has to be before tomorrow's meeting or whether Epicor can still be outbid up to 4th or 6th Feb.
The continued acquisition of shares by independent parties is certainly curious and might enable them to scupper the SoA in the Court as a spoiling measure (looks as if they would need 25% of the holdings of those present) to give time for the development of an alternative bid.

[calamity] 15/1/2008 11:03

As I said in a previous post either on here or another thread........this is much like the TV game.....deal or no deal.....for me now having sold out my entire holding recently with the lack of a counter bid coming forth.....now with this rumour....the banker will have won.......dohhhhhh.....after all these years of holding.....anyway good luck to you all still hanging on in there for this counter bid if it happens.......but they are leaving it to the bell aren't they....and I would have thought any bid would needed to have come forth by now.......or even an RNS from the company if they have had one.....talk about brinkmanship.........It's now a month since the original offer came in.....and yes I know there was Christmas in between....but would have thought a counter bid would have surfaced by now........last week I would have thought....however....and when you think BT must have been consulted way before the bid announcement........I'll be gobsmacked if one does come in now......but happy for you lot if it does.......

Hi scsw.......no longer looking....that is with any desire to change from what I've decided on and invested now........now in JRVS....ALM....RGU....XRT....and my other long term holding along with the now extinct NSB...GBG...that hasn't performed to date recently....hopefully a sleeping giant....time will out....ALM was a disappointment this week...when all thought it would fly on the Hill contract announcement.....did consider MDX...but didn't....Cheers see you around........

[boadicea] 15/1/2008 10:56

bozicle - While I am loth to deflect a compliment, I must own up to not being the tipmeister for MDX - It was in fact calamity.
My tip was LRL which has also done quite well with further good news today.

[loafofbread] 15/1/2008 10:19

PS

Skinner, get dialing...please.

[loafofbread] 15/1/2008 10:17

As far as I can see 3 outsiders have taken about 15% ie the NY hedge fund, BS and on Friday CS. No idea who they are buying for and it can't be for .5p profit!

UBS snapped up 5% of Fids holding and are listed as connected to the buyer where as the above buyers are not so they must be independant of Epicor.

Still wondering weather to go up for that meeting tomorrow.

Once the vote is taken tomorrow, and it's in favour of the bid can a counter bid still come in or is that it. Anyone know?

[chessman2] 15/1/2008 10:09

I also have just sold 25% of my holding. I cannot believe a counter bid will arrive at this late stage but then again most of us are fully aware that 38p is a giveaway price.

It certainly appears that some people are accumulating so I will keep hold of the rest.

[scsw] 15/1/2008 09:53

calamity

Had to drop in and offer my congratulations. All those years of hanging on to a dog of a stock (SP performance wise) and then boom, all worries removed at a stroke.

Even in today's volatile markets, it just shows that fundamental value can still make it worth long term holding. Now, where are you looking for the next one, not another long termer surely ??

Only my opinion

[bozicle] 15/1/2008 09:19

Hi Boad, I was just doing some research on your MDX tip yesterday and then saw they jumped 9%, as I was reading the offer was announced. Missed that one! Typical, but good tip. Well done. Wasn't LOB in that one too ???

Let's hope there's a bit of action here eh ! Last minute or what?

[geng] 15/1/2008 09:12

Think you could be right Bear Stearns increased their holding and a hell of a lot of institutional activity.

Could be v interesting - I personally still think 38p is cheap. Any counter bid would have to be 10p or so higher to have any chance.

[skinners9] 15/1/2008 09:07

Sorry Baracuda 2 thats all he would say,i tried to get more info out of him but he was busy ,so i will try and grill him later!

[baracuda2] 15/1/2008 08:56

Also is it possible to have a counter bid at this stage, seems a bit late to me but what do I know!!

[baracuda2] 15/1/2008 08:53

Hi skinners9, I was thinking about selling all mine, can you expand on what your broker told you?

[skinners9] 15/1/2008 08:49

Just rang my broker to sell,told me to hang on,strong rumour of a counterbid interesting !!!

[calamity] 13/1/2008 19:15

LOL....boad...just saw your post...very funny.....with those 2 posts it looks like I'm ....armless.......well the ones with hands & fingers on the end that is.....

[boadicea] 11/1/2008 23:57

cal - ... "losing an arm" ...
How about gaining an ALM then?

[boadicea] 11/1/2008 23:55

cal - ... "losing an arm" ...
How about gaining an ALM then?

[calamity] 11/1/2008 18:47

cheers nash.......will hang around making comments as fit....but now no holding....It's hard to prise myself away.......It's like loosing an arm.....but agree with all your comments with regard to the management........

[nashwan123] 11/1/2008 18:10

I've started the final dump with 50k today must be on Plusmarket. Still holding 150k in case a rival comes in at the last minute. I still maintain with NSBs expansion and start of dividend payment these are being sold off too cheaply. The board are pathetic wimps throwing in the towel as the company finally emerges from the clouds of failure not so long ago.

Well done Cal for keeping the thread alive, you've provided a great service to us all. Most entertaining.