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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Poundland | PLND | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 225.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 225.00 | 225.00 |
| Top Posts |
|---|
Posted at 14/12/2016 22:27 by praipus Anybody following Stienhoff?If so where and how are you trading them? |
Posted at 07/9/2016 15:06 by werewolfie Although the offer is a 43.4pc premium to Poundland’s shares the day before the final bid was announced, investors who first bought into the stock when Poundland went public two years ago will still be left out of pocket - the retailer floated at 300p. |
Posted at 07/9/2016 13:21 by tyranosaurus Well that was jolly exciting NOT.What happened to Elliott Group and any other large investors against the takeover ? They have accepted £2.27 which gives them a small profit. There are even buys going through at £2.27 after the news. How much will they make ? |
Posted at 21/8/2016 11:42 by velod Seconded!Article in this week's IC about Activist funds getting more for investors. They mention Elliot as a prime example of the more aggressive activist who rarely fail to achieve what they set out to do. |
Posted at 06/7/2016 23:45 by philanderer Definitely not helping today...MARKET REPORT: Supermarket price war threat spooks investors with HSBC cutting its ratings on Morrison's, Sainsbury's and Tesco Read more: |
Posted at 24/6/2016 13:39 by sportbilly1976 Reply (unexpectedly quick)cannot divulge price sensitive information (obviously) and only have call with chaperoned investors replied by reiterating if the intention of the BoD to disclose? |
Posted at 16/6/2016 08:31 by paleje According to todays Times, Steinhoff paid 195p for WP's stake, I don't think they're worried about last years' numbers:-Having lost out in the battle to buy Home Retail Group, Steinhoff International has turned its attention elsewhere on the British high street and announced that it is considering a bid for Poundland. According to a statement issued by Steinhoff late yesterday, the company has built up close to a 23 per cent stake in Poundland. The large holding makes it Poundland’s largest shareholder, putting it in a strong position to gain control of the business. Earlier in the day the South African retail group had said that it was looking at buying the discounter. Within an hour, Poundland had issued a response advising its investors to “take no action” and adding: “There can be no certainty that a firm offer will be made, nor as to the terms on which any firm offer might be made.” Poundland’s shares, which surged above 214p in early trading, settled back to close at 200p, up 4¼p. Nevertheless, this was their highest level since early this year and valued the retailer at about £540 million. Steinhoff’s offer came as Poundland’s private equity backer sold its last remaining stake, having floated the company two years ago. Warburg Pincus sold its 15.3 per cent holding yesterday at 195p, according to traders. The identity of the buyers for about £80 million was not made public but there was speculation that it was Steinhoff and Brait, the South African investor in New Look and Iceland, among others. Brait is the investment vehicle of Christo Wiese, the South African retailing billionaire who became a minority shareholder in Steinhoff in 2014 after the company bought Pepkor Holdings, which he part-owned. For Steinhoff, the acquisition of Poundland would continue its expansion into British discount retail market. It already has 50 Pep & Co stores, which it gained from the Pepkor deal, and has plans to open a further 20 this year, as well as launching a new “Guess How Much” store format. Poundland, which is struggling with a downturn in trading, will announce today full-year results that are expected to show a fall in earnings as the business copes with the £55 million takeover of 99p Stores. Jefferies upgraded Poundland shares from “underperform& Behind the story Steinhoff is hoping it is a case of third time lucky. It has failed this year to buy two big European businesses, losing out to J Sainsbury in the battle for Home Retail Group and then capitulating to Fnac in the fight for Darty, the French electronics chain, but with Poundland Steinhoff appears to be on more secure ground. The South Africa-based retailer is taking advantage of the expertise in discount retailing of Christo Wiese. South Africa’s richest man became a leading shareholder in Steinhoff after it bought Pepkor, the country’s largest retailer, in 2014 for $5.7 billion. Pepkor had been built up by Mr Wiese and his family after they bought a stake in Pep Stores in 1965, which at the time was a four-outlet discount clothing chain that would become the cornerstone of a $7 billion fortune. Steinhoff and Pepkor are now part of a business empire that stretches across Africa, Asia and Europe. Through Brait, a company said to be aiding Steinhoff’s bid for Poundland, Mr Weise has made a series of personal British investments, last year buying a majority holding in New Look as well as control of Virgin Active, the gyms and health club chain. Christo Wiese, South Africa’s richest man, became a leading shareholder in Steinhoff in 2014 Any suggestion to Mr Wiese that his moves to diversify the business from South Africa over concerns about the country are given short shrift. “There’s no one-way bet on the rand, so that has certainly not been a driving force in my decisions. It’s simply a case of we need to grow, we need to create opportunities,” The acquisition of Pepkor gave Steinhoff a foothold in the UK’s discount retail market. Pep & Co has 50 stores and plans a further 20, while Steinhoff also owns Cargo, Harveys Furniture, Bensons for Beds and Sleepmaster. Put those together with Poundland, which also owns 99p Stores, and Steinhoff could be close to gaining the place on the high street Mr Wiese has been battling for. However, learning from its previous failures, the company has not taken any chances. It bought a 15 per cent stake in Poundland on Tuesday for about £80 million to ensure that it is in the driving seat this time. |
Posted at 15/6/2016 16:52 by philanderer Results tomorrow:Investors are likely to quiz the company on potential takeover bid when they update the market on Thursday. Poundland PLC (LON:PLND), which is due to report full-year results, is set to face questions about a possible approach by Steinhoff International. If Steinhoff, which owns Bensons for Beds and soft furnishing chain Harveys in the UK, bids for Poundland, it would be its third attempt to take over a UK company this year. The group, which has already bid unsuccessfully for Darty PLC (LON:DRTY) and Home Retail PLC (LON:HOME) is considering making an offer for the discounter, but did not give further details. Poundland, which itself has been on the acquisition trail with its purchase of 99p Stores, urged shareholders to sit tight. Liberum Capital said the Steinhoff interest "will overshadow what would otherwise have been lacklustre results tomorrow and a poor trading backdrop." The broker said: "The shares crossed at 195p some 24% higher than what they were trading for most of the day. "As our analysis shows below, we see modest upside to this price if a bid does arise. We maintain our 160p target price in the absence of a bid." proactiveinvestors.c |
Posted at 14/6/2016 21:43 by 2breakout Its on sets. Corrupt system skewed to making it easy for big investors. Constant auctions, locking ordinary investors out when a share is moving. System stinks for sure. |
Posted at 08/3/2016 08:59 by paleje Questor has a column this am, listing co's with a Brexit risk...PLND one of them because of high proportion US investors, not saying the co will suffer in real terms but the share price might because of down selling by US holders:-Beware nervous bystanders Mr Jory also highlights the risk to London-listed stocks from US investor becoming more fearful. “We think that selling of UK stocks by US holders might get more indiscriminate as the referendum nears, if the 'Out’ vote remains a conceivable outcome.” A Liberum screen across the FTSE 100 shows the UK stocks with a high concentration of US investors. Pharmaceutical group Shire at 62pc is the most exposed, while gold miner Randgold Resources has 60pc, utility group SSE 56pc, luxury goods group Burberry 54pc, and B&Q owner Kingfisher 53pc. In the FTSE 250, which contains the UK’s mid-sized corporates, aerospace group Meggitt is 64pc US held, discount retailer Poundland 61pc, Paddy Power Betfair 55pc, pharmaceutical group Indivior 55pc, and Domino’s Pizza 55pc. |
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