Poundland Share Discussion Threads

[montyhedge] 15/6/2016 16:59

Bid before 13th July.

[philanderer] 15/6/2016 16:52

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.co.uk

[henryatkin] 15/6/2016 14:58

philanderer....ignore. I value your posts as a PLND lurker.

[philanderer] 15/6/2016 14:16

Why so antagonistic, I don`t understand ?

First accusing me of not even having a holding and then calling me a liar ?

[she-ra] 15/6/2016 14:10

So you say.

[philanderer] 15/6/2016 14:03

Eh ??? What are you on about.

I held 21,000 of these at the close yesterday at a buying price of 142.5p

I sold 7,000 first thing today @ 187.48p , and 3,500 @ 201.25p just before midday.

Have always posted my trades if you care to check back.

I`m holding 10,500 now

You must be very new to this thread.

[she-ra] 15/6/2016 13:35

God philanderer missing out on Poundland is really getting to you isn't it.

[philanderer] 15/6/2016 13:33

More broker comment here , with Credit Suisse suggesting a 235p or above all cash offer might be difficult to reject by the board.

[philanderer] 15/6/2016 13:15

They won`t overpay for sure . Walked away from Home Retail and Darty

Looking at the chart, 227.50p is the 2016 high so maybe they`ll go to 230p for a one and only bid ?

[she-ra] 15/6/2016 12:38

Wonder if Dollar Tree or Dollar General will let this one pass them by.

[philanderer] 15/6/2016 12:13

Peel Hunt reiterating their 'buy' and 300p target this morning

[philanderer] 15/6/2016 11:58

Telegraph:


Steinhoff, the South African retail group, has spent the past year scouting the British retail industry for a takeover. In February, the firm made a play for Argos' parent firm Home Retail Group, threatening to gatecrash the retailer’s plans to tie up with Sainsbury’s, before pulling out just two hours before a takeover panel deadline a month later.

In March, Steinhoff repeated the trick by wading into the race for London-listed Darty by offering £662m in cash and shares to buy the French electrical goods group. It lost out after Fnac raised its offer to £900m.

The group already owns the parent company of furniture outlets Harveys and Bensons for Beds, as well as a string of retailers across Europe and Australia.

Some experts said a deal for Poundland could lead to new shops formats, and even an end to the "everything's a pound" price model for the British firm.

"A single price approach is now inappropriate. Admirable, but not feasible any more," said analysts at Peel Hunt. "There are many examples of single price players becoming multi-price in history and we would expect the winners of the battle for Poundland to implement the strategy quickly. Maybe Poundland’s inertia on this point is now being exposed."

[philanderer] 15/6/2016 11:47

Sold another 20%, so down to 50% of what I held this time yesterday.

Don`t think Steinhoff will overpay as was seen with Argos (Home Retail Group)

Numbers tomorrow are pencilled in to be awful, so I reckon they`ll come in with 220p 'ìsh in the next four weeks and it`ll look a good price.

Seems hostile already ;-D

[mercer95] 15/6/2016 11:01

I'm gone, stop loss kicked in

[harvester] 15/6/2016 10:55

Weak holders being shaken out.
They won't get my shares below 200.
I could suggest a few other take-over targets to Mr Steinhoff.
How about Tesco, Morrisons, Sainsburys, M& S or the rest of FTSE100 companies.
All going for a song at the moment . lol

[aishah] 15/6/2016 10:33

Response to Steinhoff Announcement

Poundland Group plc ("Poundland" or the "Company") notes the announcement by Steinhoff ("Steinhoff") that it is considering a possible offer for the Company.

Poundland shareholders are strongly advised to take no action. The Company will issue a further statement if and when appropriate.

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. This announcement is being made by Poundland without the prior agreement or approval of Steinhoff.

[battlebus2] 15/6/2016 10:06

Sticking with 220p and will be delighted if it's more.

[mercer95] 15/6/2016 10:00

Stop loss for me, hoping it spikes up again

[falia] 15/6/2016 09:44

IF YOU DO WANT TO REINVEST YOUR PROFITS THEN TRY AXM

[chinese investor] 15/6/2016 09:35

Great RNS !

[closetinvestor] 15/6/2016 09:31

Decided to sell out the last of my holdings now. In this market with Brexit causing such uncertainty, I'm not going to risk giving it back if the offer fails.

[paleje] 15/6/2016 09:26

Doubt £3+ but you never know, results tomorrow and the company's response will be interesting. Good news anyway:)

[philanderer] 15/6/2016 09:23

In accordance with Rule 2.6(a) of the Code, Steinhoff must, by not later than 5.00 p.m. on 13 July 2016, either announce a firm intention to make an offer for Poundland in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.

A copy of this announcement will be published on the Company's website ( by no later than 12 noon on 16 June 2016.

Investec are acting as financial adviser to Steinhoff. Linklaters LLP are providing legal advice to Steinhoff.