Share Name Share Symbol Market Type Share ISIN Share Description
Poundland LSE:PLND London Ordinary Share GB00BJ34VB96 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 225.00p 0 06:32:19
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 1,326.0 5.9 0.6 368.9 605.01

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Date Time Title Posts
03/2/201605:43*** Poundland ***75
03/11/201419:24Are these shares a bargain just like their stock? - podcast-
23/7/201415:30TipTv analyses the prospects of Poundland Group (PLND.L).-

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tyranosaurus: Why has the share price fallen off a cliff ? Is the bid doomed to fail and people are bailing ?
harvester: I do have a hunch that the Steinhoff bid will fail. I will be happy to accept a drop in share price if that happens. Over the longer term I expect the PLND share price to recover and exceed 225 . It is possible that both Steinhoff and Elliott will hold onto their shareholding in the event of a failed bid with a plan to come back at a later date when the takeover rules no longer apply to their current bid .
meijiman: It was one where the market (City opinion) felt there would be a higher or competing offer as the initial offer undervalued the company. So the share price sat at a modest premium and then out of the blue a couple of weeks later comes an RNS saying they had decided not to proceed. Couple of years ago now........ For what its worth I don't expect there to be any further action here. I decided to forgo the 2p divi just to expedite things and invest the dosh somewhere else. I picked a nice one in Bovis Homes -pure luck as I know nothing about the company/sector.
abcd1234: Hi MT... the US trades the UK market now, in UK time and here's the FT's take on it just now, with some broker views ~~~~~~~~~~~~~~~~~~~~~~~~~~~ FT Alphaville , 13/7/16 Bryce Edwards, Paul Murphy Re Poundland: BE: Note, it’s not trading through the terms. BE: Some people getting confused this morning, failing to spot you get a 2p dividend as well. BE: So, yeah, this looks done. Over. Finished. PM : Suspect people are lucky to get out PM: Hasn’t this business suffered an immediate heavy blow from sterling? PM: it buys all its tat from the far east, surely BE: Well ……. this is a theme I feel we’re underplaying. BE: No, it doesn’t. It buys quite a lot of its rubbish from UK companies that have gone to the wall. BE: Or are in deep distress, at least. Hence the random brands and stuff. BE: For a company like Tiger, which is the Ikea of pound shops, sterling’s going to be problematic. BE: For Poundland, sterling’s only going to be a secondary effect. BE: Maybe. Credit Suisse. ■ Final offer agreed at 222p: Steinhoff and Poundland’s boards have announced that they have reached an agreement on the terms of a cash offer for the issued share capital of Poundland. At 222p per share, which is a combination of 220p cash and 2p final dividend, this values Poundland at £0.6bn, an EV/EBITDA multiple of 9x and a 12m PER of 16x. This comes after Steinhoff built up a 23.6% stake in the business and its earlier cash offer was rejected by the Poundland Board in June. Note that the sterling weakness since the initial offer also would have helped Steinhoff’s proposal. The transaction is expected to completed by mid-September and is subject to approval by 75% of Poundland’s shareholders other than Steinhoff, as well court approval. ■ A fair price: We previously suggested 235p as the minimum exit price for the business, based on a c3.5% operating margin next year on c£1.68bn sales. The 222p seems a fair price given market conditions, the post Brexit uncertainty and poor trading performance at Poundland. ■ Positive for Steinhoff: Whilst the transaction value amounts to less than 4% of Steinhoff’s market capitalisation, we believe it represents an important further step in supporting the group’s credentials as a broad-based large cap discount retailer. Under Andy Bond, we believe this acquisition accelerates Pepkor’s UK growth in a new (for Pep), but familiar category, with significant potential for the group also in Europe and, potentially South Africa. Based on our FY17 Poundland estimates (2.8% operating margin) and assuming 3% funding costs, we estimate the transaction to be 1.8% EPS accretive to Steinhoff. Assuming a 3.5% margin increases this to 2.6%. Reducing central costs by £5-10m as part of a larger group, potentially adds a further 30- 60bps to the operating margin. And Canaccord. At a 220p share price, the shares stand on a cal 16 PER of 19.9x and 15.6x for cal 17, with corresponding EV/EBITDA metrics of 9.2x and 7.4x. Excluding the 99p Store losses reported in FY16, which we include above the line, rather than as an exceptional, would change the cal 16 PER to 18.0x. The wider General Retail sector currently stands on a cal 16 PER of 13.5x, falling to 12.5x for cal 17. And Liberum Steinhoff already speak for 23.6% of the company and in addition to the cash offer have maintained the 2p dividend to be paid on 23 September who are on the register on 9 September. In our view this is a knock-out price and it was our view that significant downside risk existed if a bid did not materialise. Hence we move from SELL to HOLD and feel this should be seen as a very good result for PLND shareholders. The take out price equates to a March 2017E PE 21.6x and EV/EBITDA of 10.4x. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
sportbilly1976: I'm always surprised by the way some posters believe that a post / series of posts on here can affect the share price. Maybe, possibly maybe on a micro cap if there is a rumour of news, but on anything over £50mln the number of people on here simply isn't enough to make an impact.
sportbilly1976: City AM: Poundland's share price has been suffering since the referendum, and is now at around 180p. It was once thought Steinhoff would have to offer around 220p to 230p, but that may well have changed post-Brexit. David Stoddart, analyst at Edison Investment Research, said "Steinhoff will enjoy greater room for manoeuvre" due to the fall in sterling. "We would not be surprised to see it return with a more attractive offer, the cost of which may be mitigated by currency moves," Stoddart said. Steinhoff increased its holding in Poundland at the end of June, up from 23.26 per cent to 23.52 per cent. GBP:USD move post Brexit is ~10%, so could we see 250p offered?
philanderer: Bloomberg: “It’s sensible for Steinhoff to reconsider their position,” said Mark Hodgson, an analyst at Avior Capital Markets. “I wouldn’t necessarily read that they are walking away. If Poundland’s share price falls further, it could work to their advantage.” “People don’t bank on big projects when there’s uncertainty,” said Jonathan Pritchard, an analyst at Peel Hunt. It’s too hard to call whether Steinhoff will come with a better offer as the Brexit vote has increased the risk of recession, he said. Steinhoff bought 22.8 percent of Poundland’s stock for about 119 million pounds earlier this month ahead of a possible all-cash offer. The value of the stake has since declined to 114 million pounds. Poundland traded at 183.5 pence as of 12:55 p.m. in London, valuing the retailer at 493.1 million pounds. Steinhoff dropped 6.3 percent to 5.07 euros in Frankfurt. HTTP://
she-ra: Anyone would think they don't want the share price to go up. But of course why would they want that???????????????
philanderer: Fast FT Yep it`s Steinhoff The Board of Steinhoff notes the recent share price movement in the share price of Poundland Group Plc and confirms that it is considering a possible offer for the entire issued share capital of Poundland. A further announcement will be made when appropriate in due course.
philanderer: IC still not impressed 'Poundland chief steps down' Poundland (PLND) chief executive Jim McCarthy has spent a decade atop the discount retailer but he might wish he'd announced his retirement a little sooner judging by the recent share price performance. The group's impressive rise to prominence is no doubt down in large part down to Mr McCarthy's business acumen but the stock has fallen 37 per cent since it announced the takeover of rival 99p Stores in September, where costs related to the purchase have been rising. The job of digesting its acquisition will now fall to Kevin O'Byrne, former chief executive of home improvement group B&Q. He'll need to get going too, considering lower high street footfall means profits for the year to March 2016 are expected to be towards the lower end of the £39.8m-£45.8m range of market expectations. IC VIEW: Despite attempts to appear upbeat, Poundland’s new chief faces a challenge to adjust to changes in consumer spending habits. Given the recent share price trajectory alongside declining like-for-like sales per store, we remain sellers. HTTP://
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