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OAS Oasis Stores

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0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Oasis Stores LSE:OAS London Ordinary Share GB0006550577 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBP

Oasis Stores (OAS) Latest News

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Oasis Stores (OAS) Discussions and Chat

Oasis Stores Forums and Chat

Date Time Title Posts
24/8/200120:38OASIS STORES - MBO ready to happen, NEW HIGH TODAY14
06/4/200121:11Fidelity holding2
17/1/200118:15Looking for a bid?4
25/11/200017:01The Oasis runs dry8
15/11/200021:17OASIS STORES --- RETAILERS UP LAST FRIDAY4

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Oasis Stores (OAS) Most Recent Trades

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Oasis Stores (OAS) Top Chat Posts

Top Posts
Posted at 12/6/2001 17:27 by sandown
MBOs of the entire company worry me. The directors have a vested interest in a low share price so that they can buy the company cheaply. This is exactly the opposite of what shareholders want. Its OK if the MBO is for a subsidiary where the main board consider it in the best interests of the whole company.

Notice how low key the excellent trading statement was played.

As stated in an earlier post the the Bennett's views are crucial. They and Scott (the 3 directors that became non-exec) own 33%of Oasis.

My view is that Oasis is dirt cheap at it current price and the MBO team will have a steal at their proposed price.

Its going to be difficult for an outside bidder - the MBO team have exclusive due diligence. The independent committee looking after shareholders' interests does not inspire me with confidence.

I have a holding and feel we may well get short changed on this one.

No advice intended.

Sandown
Posted at 12/6/2001 16:40 by grlz
Smart move by the Brothers Bennet by stating that the MBO may or may not go forward and given that negotiations are at an early stage and probably not committed to yet sounds like their trying to flush out any other bidders lurking on the sidelines.

Disclosing the offer price at this early stage of the MBO tells everyone what it will take to beat the MBO, after all The Bennets are not stupid the support of their stake can make any bid a winner be it an MBO or trade sale.
Posted at 12/6/2001 10:13 by clink
AGM statement - MBO subject to due diligence - may or may not lead to offer at 'around the current market price'
Posted at 06/4/2001 21:02 by peeky
no, but it was june 19th last year.


Fidelity run a sucessful 'Special Situations Funds' which target bombed out companies like this. I wouldnt be suprised if this ends up in that fund. I know that the Rathbones SSF has a large holding of OAS.
Posted at 18/1/2001 00:09 by kjc
Oasis Stores PLC
17 January 2001



OASIS STORES PLC ('OASIS' OR THE 'COMPANY')

RE: SHARE PRICE MOVEMENT


Following the recent movement in the Company's share
price, the board of Oasis (the 'Board') confirms that
one of the options being considered to maximise value
for shareholders is a management buy out and that a
management team led by Derek Lovelock, the Chief
Executive, has been authorised to discuss with a
number of financial institutions the possibility of
formulating an offer for the Company. At this stage
no approach has been received and the Board is unable
to say whether this process will result in an offer
for the Company.

The Independent Directors, being the directors of
Oasis other than those connected with the discussions
with financial institutions, are being advised by
Close Brothers Corporate Finance Limited and will make
a further announcement in due course.
Posted at 17/1/2001 18:15 by htayler
Other than a management buy out, does anyone know of any other suitors being mentioned? As an established, profitable company trading at such low valuations, I would have thought Oasis would be a target for several institutions. £1 a share would be nice; a bidding war between two interested parties would be even better.
Posted at 17/1/2001 10:28 by kjc
BBC Business news comment at about 6:50 this a.m. said that there might be a management buyout and mentioned a price of £1. It was not clear as usual with this BBC slot where this speculation or price came from.
Posted at 17/1/2001 10:17 by htayler
Blimey. Up 12p in early trading. Their trading statement yesterday makes it fairly plain that they are looking for a bid. But looking and finding are two very different things, so I can't see what's driven the price up this hard, unless someone out there knows something I don't. Anyone care to speculate?
Posted at 25/11/2000 17:01 by htayler
Boltworth

Sorry, no firm information, just gut feeling. I have felt for a while that retail is oversold and I saw this share as good value when it was almost 50% higher. Notably this increase has occurred after the shares have gone ex-divident, unlike six months ago when there was a small spate of buying prior to the XD date, followed by sustained selling. The retail sector jumped into life after Gordon Brown's announcement of more cash for pensioners which many assumed would be spent in the (clothes?) shops. I can't see many pensioners shopping in Oasis(!), but it does seem to have at least woken up analysts to the oversold position of the whole sector.

As per last time, I'm in and I'm staying in. Hope it works out for both of us!

Cheers

HT
Posted at 14/11/2000 22:47 by master rsi
OAS + 7.5p had a very good day, and with the rise , the share line has crossed the 50 days m.a. With volume on its side the price should keep the uptrend.
Oasis Stores share price data is direct from the London Stock Exchange

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