Shanks Share Discussion Threads

[daytraders] 21/1/2010 17:44

yey agree, these worth more than 1.50 in my eyes, i was just stating that for any buy in any share there must have been a seller, that also goes for any sale there must be a buyer.

[badtime] 21/1/2010 17:43

drifting down

[tenapen] 21/1/2010 14:40

But not in one trade Daytraders,
Over the past few weeks there as been a steady stream of sells to follow the price down to give the MM such a block of stock. IMO it is vote of confidence that such a large trade went through at that price.

Regards.

[daytraders] 21/1/2010 13:01

betman, also remember the massive buy was also a massive sale, someone had to sale them there shares.

[w.bramley] 20/1/2010 11:08

The large buy at close yesterday is not unexpected, as already announced, a bid of 135p was made, so it could be that the same bidder is picking up stock at prices around 124p. The bidder we assume must have done his research (which will have been costly but essential and made the usual financial preparations), and then made a lower bid (135p) than he really thinks SKS is worth, (as bidder's usually do when making an offer for property, etc) so I should imagine all stock on offer at today's declining prices will be snapped up, and in due course a new bid may be on the table. I consider SKS as a first rate growth company, making it a strong hold, and possibly a weak buy on further price decline.
However, one must take into consideration, that without the bid, the price was around 82/5p. One to watch KENZ (Aim)

[betman] 20/1/2010 10:42

Sometimes a massive buy can drop the price as it has removed a big buyer from the order book. Looks like this may have happened here

I assume Caryle are doing some due diligence and we will just have to wait. In the meantime does anyone have any info on the Netherlands economy, which as the biggest source of SKS revenue will be a driver of future performance

[tenapen] 19/1/2010 18:41

Up tomorrow me thinks !.

The total buys came in at 2,765,996 including a massive buy just after the close of 1,270,000 shares. They also paid a premium for this block of shares.

The total sells for the day were 504,057 shares

[broadwood] 19/1/2010 15:10

Just shot up - but no RNS yet.

[jdung] 18/1/2010 12:25

down again at today, 135p bid? or maybe not bid ?
any news, please...

[ptgint] 13/1/2010 16:28

Agreed wm, very much cat & mouse. Buyer no doubt re-running his figures but waiting to see if any competitive offers appear , without which he will no doubt say -"take my offer or I walk". What will the major shareholders do then I wonder.

[w.bramley] 11/1/2010 15:34

The share price of SHANKS is not unlike the present housing market. A cash buyer appears and makes a reasonable offer for your property, you say "no it is worth more", but the buyer doesn't increase the offer. After quite a further long period with out any interest from any other buyer plus a decline in house prices, the previous buyer repeats his offer. What would most vendors do? It is a cat & mouse game.
In the case of SHANKS an offer of 135p was there - rejected by the board, but is today trading at 124/7p, will the buyer repeat his offer? My gut feeling is, on the basis that this is an excellent company servicing an ever growing demand, that he will not leave this one, and a further bid will come in due course - time will tell.

[tenapen] 11/1/2010 14:04

A case of sitting and waiting.

The clever guys sold to buy in lower. I did not think the share price would fall below 130p, i live and learn.







Still holding

[deeppockets] 11/1/2010 11:35

sure things will pick up soon, can't imagine bidders have gone away!

[badtime] 11/1/2010 10:44

Very quiet here....very quiet from the company

[craigy] 23/12/2009 08:17

Out for Christmas....will review in the New Year

[vikingwarrier] 23/12/2009 08:03

A bit more waiting

[moneybags] 15/12/2009 12:31

It's just a waiting game at the moment.

Regards , Moneybags

[vikingwarrier] 15/12/2009 10:27

Okay have bought a few of these this morning. Might buy more in coming days. Shall see how it goes.

[moneybags] 14/12/2009 12:29

What I have found in the past is that the last day of trading before the New Year End and the first day of the new trading year after New Year are two of the main days of the year for take over activity/Bids/News.

Regards , Moneybags

[broadwood] 14/12/2009 10:24

Must admit I can't understand why the Directors have named their price.

Sound as though they're only interested in a short term money grab rather than a long term capital growth story.

Very strange tactics.

[tenapen] 14/12/2009 09:16

I'm On nights .... just out of bed.

Looking good craigy,

I am the first to take a profit, too soon in most cases, but there was no chance this deal was going to ebb away ! IMO. £1.50 'as good as' in the bank.

[craigy] 13/12/2009 23:46

Guess I'm on a one man post fest






Craigy

[craigy] 13/12/2009 23:45

Teach me to count...

The telegraph names

Carlyle

Covanta

GDF Suez

Veolia

AVR

whilst the observer mentions

Terra Firma

Wet dreams are made of this....

Craigy

[craigy] 13/12/2009 23:42

The Telegraph names 3 other potential bidders

[tenapen] 13/12/2009 16:13

A Bidding War !.


DJ Covanta Holding Interested In Buying Shanks Group -The Observer
Sun. December 13, 2009;

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The paper said U.S. private equity firm Carlyle Group LP sparked interest in Shanks last week with a GBP536 million bid.

The Observer said other companies such as Sita UK Ltd. and Dutch waste management firm AVR are expected to be interested in purchasing the company as well.

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a few words from Sharecast.com