Shanks Share Discussion Threads

[betman] 18/2/2010 15:56

I would like to have seen more trading volume on the upside, or else MMs may have got wind of good news coming or buyers circling. Anyone got any Level 2 data ??

[wig123] 18/2/2010 15:43

looking good, news any day now???

[betman] 17/2/2010 12:03

well over 2 months since offer announcement, any views or knowledge on how long this could take ?

[wig123] 11/2/2010 15:19

you need to fix your compass Budget! ;-)

[499budgie] 09/2/2010 11:10

looks like the offer is fading ..........going south...

[wig123] 04/2/2010 13:54

Back in here, some news must be due soon enough ;-)

[ang5] 02/2/2010 13:10

note:company today report, trade slow,= profit decrease.
it is bad news, bid maybe do not like this ..?

[smideywheel] 02/2/2010 10:29

From today's Interim Management Statement:-

The Company confirms that confidential
discussions are taking place which may or may not lead to a formal offer being
made. A further update will be made as appropriate.

[w.bramley] 01/2/2010 14:35

Rumour of improved offer from Carlyle buoys Shanks
By Bryce Elder and Neil Hume

Note the word RUMOURS, maybe ?? worth noting and watching, but until any official announcement is made - (highly dangerous) to act on - CAUTION.

FACT - The company informed that a bid was made but rejected, and it would appear that no increased bid has been officially made and no other bidder has emerged.

[rcktmn] 30/1/2010 15:27

Here's the FT piece....

Rumour of improved offer from Carlyle buoys Shanks
By Bryce Elder and Neil Hume

Published: January 30 2010 02:00 | Last updated: January 30 2010 02:00

Shanks Group , the waste management group, was among the top performers yesterday as the London market staged its biggest rally in nearly a month.

Its shares were up 4.9 per cent to 127½p on talk that Carlyle might be prepared to sweeten its £535m takeover offer.

Carlyle was rumoured to have begun due diligence this week after indicating that it could pay about 145p per share, dealers said.

The private equity group had its preliminary 135p offer rejected in December, with Shanks management saying it believed "150p per share or more would deliver an appropriate value to shareholders".

[moneybags] 29/1/2010 14:47

tenapen......We have all been there and done that before.The trader that get's every deal correct hasn't been born yet........and never will be...

If we only knew what was going to happen in the future we would all be multi millionaires.
It's all part of the fun that is trading shares.

If the interested party come out and say they are no longer interested in Shanks then it could be £1 a share again and you will have done the right thing.
Only time will tell.
Next week it could be £1.50
Next week it could be £1.00

Regards , Moneybags

[tenapen] 29/1/2010 14:29

I sold half at 118p the Bottom D'ho I Was not thinking straight as my original holding was only small so if SKS get the 150p (which i think they will) it will only add £70 to my present book cost. Take off charges. I am an idiot.

[moneybags] 29/1/2010 12:48

Starting to look like someone knows something today.

Regards , Moneybags

[betman] 26/1/2010 16:24

Have these bottomed out after days of decline from 135p, three days of > 1million shares traded and small price rises, glass half full hat on

[moneybags] 22/1/2010 15:41

Cadbury bid took 6 months.

Not unusual

[tenapen] 22/1/2010 14:47

Do not forget that Shanks is a profitable and solid company. If the bidder does not come back with the 150p per share, Shanks will continue to grow as more demanding legislation to manage waste from Europe comes into effect.

IMO the bidder will come back and end up paying 150p ! unless it goes hostile as the bidder is picking up shares at this level !. IMO only

[w.bramley] 22/1/2010 13:07

Every offer or bid, be it for a company or a property, depends on the buyers. If there is only one buyer and no other interest, the buyer holds all the cards so they can take their time before making any further bid. However as previously mentioned, one must realise that to go to the (very large expense) the bidder will have paid for putting his bid together, will be lost if he doesn't succeed, and most buyers are reluctant to see such a waste of time and money.

[qed2] 22/1/2010 10:17

Guys, this has all the hallmarks to me of a failed bid. Why the silence and what are the SKS Board doing? At best I see a bid at a lower price following due diligence........110/115p? The market doesn't lie!

[wyorke] 22/1/2010 09:41

market knew much better then us, price go down side,
=== market talking to us, bid maybe walk a way..

[betman] 21/1/2010 18:13

Agreed daytrader, I would love to be able to discuss with the seller, their motives for selling a share that is currently " in play " and may go for 135p or more. Obviously they may have bought for 80p and the further upside does not balance with the downside risk.

What a great idea for a website : Level 2 plus a comments column on why someone has put a buy / sell order on, or a Trades page after the transaction with their reasons for it !!!

Daytrader - presumably the main reason why Carlye want these at 135p is that they can extract value of 150p or more. If the bid falls through it may take awhile ( years ??) to get up to 150p .