Poundland Share Discussion Threads

[sportbilly1976] 24/6/2016 12:24

surely they should have mentioned the price the offer was pitched at?

[maloneyt] 24/6/2016 12:21

At what price was the offer rejected by the BOD, we don't know ??

[maloneyt] 24/6/2016 12:19

clearly with the value of the pound now, they can buy PLND at a much lower cost in exchange rate terms than before

[she-ra] 24/6/2016 12:12

And Steinhoff are playing hardball.

[abcd1234] 24/6/2016 12:08

rns... steinhoff offer rejected



clever to announce that now,,, if u need to go hostile

[she-ra] 24/6/2016 11:57

I wouldn't be surprised to see American companies start making acquisitions of UK companies. If a trade deal is done with the US coupled with the strong possibility that Europe wont want big tariffs with the UK then it could be a win win situations for companies that acquire UK businesses.

[abcd1234] 24/6/2016 10:59

...and thats why steinhoff want them so much
(that, ..and econonies of scale/supplier deals they can do/make ;O)

[she-ra] 24/6/2016 10:51

Or the board could reject any offer as everyone will be shopping at Poundland soon.

[philanderer] 24/6/2016 10:21

Got it, thanks sb, 205p floor it is then *IF* they decide to bid.

[sportbilly1976] 24/6/2016 10:01

From memory an offer has to be equal or greater than the highest price paid in the previous 6 or 12 months, but most certainly will be since they declared their interest

[philanderer] 24/6/2016 09:58

Thanks Brian, never heard of that one, but then again I think I`ve only ever been involved in two agreed takeovers in 25 years :-)

[briannewby] 24/6/2016 09:55

They have to offer a minimum of the price they have paid for stock since the declaration of intent I think

[philanderer] 24/6/2016 09:51

billy , what`s to stop them offering less than 203p if they wanted to ?

Not much volume today , just a mark down across the board.

FTSE 100 is actually +30pts from last friday`s close at the moment.

[sportbilly1976] 24/6/2016 09:34

If the 203-205p trades were theirs from a couple of days ago then that puts a floor to their offer price

[philanderer] 24/6/2016 09:20

On a plate for Steinhoff now with 13 days to go ... if they still want to bid.

225p/230p should do it.

[staffy dog] 23/6/2016 12:29

NICE CASH MAKE HERE

[redartbmud] 23/6/2016 09:02

Bubbling up nicely.

[philanderer] 23/6/2016 08:59

Investec back in the market ?

300k @ 203p printed a few minutes ago.

countdown: 14 trading days to bid.

[redartbmud] 23/6/2016 07:46

Agreed.

I am not sure that the Poundland board has a lot of fire power to resist a sensibly priced bid.
The hiatus surrounding the takeover and integration of the 99p stores has left a big question mark over management, although there is a new CEO on board.
Aldi and Liddle are still expanding and pose a big threat to the business. The £1 model is restrictive, and the £1 and More stores will struggle to compete, given the restricted offering in comparison.
Duplication of shops in town centres must be expensive, and it will be interesting to see how many are retained when leases expire, despite comments from management.

225p - 235p is about on the money, although a far cry from the 300p - 400p in the early days.

red

[philanderer] 22/6/2016 23:56

I`d have thought they`ll try and get an agreed bid with the PLND board before going public.

Best guess 225p - 235p

[redartbmud] 22/6/2016 22:53

phil

Very sound philosophy.
Agreed on your comment re: trades.
Blackrock never sit on their hands for too long, so top slicing is not unexpected.

Seems Steinhoff will be paying north of 203p IF they make a bid.

red

[philanderer] 22/6/2016 17:31

I would guess/hope the four 'deferred publication trades' OK trades from this morning were an institution unloading to Investec on behalf of Steinhoff

200k @ 203p
200k @ 203p
200k @ 202.875p
205k @ 203p

I see Blackrock top sliced to below 5% on monday (RNS)

[philanderer] 22/6/2016 11:52

Yep, 15 trading days left for an announcement.

Lot of EU sh*te affecting prices today.

[maloneyt] 22/6/2016 11:52

Thanks red.