Shanks Share Discussion Threads

[jon827] 23/3/2010 13:45

Joanne Shelton is dumping SKS like there's no tomorrow, wonder what she knows we don't :-)

[wig123] 23/3/2010 10:38

Nice to see an improvement here.

[betman] 23/3/2010 10:36

looking at price and volume chart, it looks like declining volumes as price declines, so less and less sellers. Price has now stabilised and even started going up. All the weak holders are gone ? Shorters will now be thinking of closing out ? A slow recovery is now possible. A real clincer would be to see increasing price and increasing volume

[marvelman] 23/3/2010 10:15

Overhang cleared?

[wig123] 19/3/2010 19:31

I'm very happy holding, although a tad the wrong side, I believe a further bid will come in soon enough. I am also a lot happier having been pointed in the right direction re: growth area Cumbria, and our links to the area.

[marvelman] 19/3/2010 19:27

Huge amount of shares being sold by L & G but no notification of who is buying them.

[w.bramley] 19/3/2010 10:00

For those not too familiar with graphs, may find this chart comparison of interest.

Click on SKS go to CHARTS select 3 months - click OVERLAYS - type RBS in one of the boxes, then click DRAW, and you will see that RBS which like most banks have had big falls, are now overtaking SKS which has been in decline since the failed bid was announced.

[alfred] 19/3/2010 07:40

This company may have a longer term value but for the next few years, in the absence of a bid, it's just going to bumble along.

Speculate on a bid, or find better value elsewhere for the next few years.

[garth] 19/3/2010 05:40

FWIW I dipped in for a few. Nice little rally towards the end of trading.

G.

[corrado8] 17/3/2010 10:25

could not resist at this price bought 10000 at 98 early trading;

[shauney2] 16/3/2010 17:34

I see that was a UT trade nivison. So probably lots of small orders combined together as one.
Not holding but i have been watching. Still undecided.

[nivison] 16/3/2010 16:45

someone's just bought 3.1 million shares. That's not far off 1% of the company.

[ansc] 16/3/2010 09:13

Hi garth, I trust you are holding on to your CAR holding very tightly, we could be in for an exciting ride with them over the next couple of years.

As for SKS, I'm taking a very long term view - similar to the one taken for my aforenamed favourite (but not nine years hopefully!) - so haven't concerned myself unduly for 2010 or 2011 as I feel the effects of the recession could still be causing considerable fluctuations in the fortunes for even well-run companies. Beyond that, I hope the sky will be looking quite green ... sorry blue.

[garth] 16/3/2010 07:07

Just looking in here (on the back of your post actually ansc).

Newspaper reports cite an 8x forecast pe and Goldman are predicting potential for strong growth - but the Times pages (I assume taken from refs) cite forecast eps at 6.4p 2010 and 6.3p 2011... Anyone help me out with those inconsistences?



G.

[ansc] 16/3/2010 06:11

Having watched these for many moons, finally took the plunge yesterday and popped a few in an ISA; I've no interest in the possibility of a near-term takeover but in for the long ride.

I've long been an admirer of a tight spread - a sure sign (imo) that the Money Makers haven't got a clue as to which way events are going to turn - and you won't get much tighter than yesterday afternoon's quoted 99.75/100.0p. Oh that some of my AIM holdings were anywhere near that ...... or even under 15%!

[jon827] 15/3/2010 17:08

Anyone got any views on what the full year results will be like at the end of the month? Im expecting a bit more currency exchange rate pain.

[milton8] 15/3/2010 15:07

today trade data show us: 100p is support at now.
USA bid price is cash 120p, but this company boss asking 150p, then rejet that.
so I think down side is limited.
fair share price maybe just 120p??

[marvelman] 14/3/2010 10:06

Thanks Tully...bought in Friday and feel this company will not be left in the cold for a great deal longer.Regards.

[tullynessle] 14/3/2010 07:33

Todays' Daily Mail




Extract starts - last five paragraphs in Ms Buckingham's article..

"Being the unloved party guest usually occasions some delicate behaviour - a bit of smarmy sucking up here, some deference there and a degree of decorum in conversation everywhere.

Not so for private equity. Despite growing market hostility, Carlyle's treatment of waste group Shanks - to which it had made an unsolicited takeover approach - demonstrated all the breathtaking arrogance and disregard that has won private equity such criticism.

A target price of 135p to 150p was clear throughout months of due diligence, during which the Shanks management would have been expected to make endless presentations while at the same time trying to steady their own business.

The final bid at an inadequate 120p left Shanks having to face the market alone with - initially at least - all sorts of questions ( reminiscent of the similar treatment of Woolworths several years ago) about possible gaps in its books.

If there was a black hole it appears it was in Carlyle's funding for the deal. Many shareholders have already decided they don't fancy buying businesses back from private equity.

After Shanks, they might conclude that they don't fancy selling to them either."

[jon827] 12/3/2010 16:33

Another high volume day! 10m

[betman] 12/3/2010 14:25

does anyone have a view from level2 perspective , is there big buying pressure out there ?Unless someone else takes a pop at them Caryle cannot come back for 6 months

[milton8] 12/3/2010 13:26

now the share price is 100p , looking support at now.

[jon827] 12/3/2010 12:01

Wow must be confident in them VKX, either that or you have a big pot to play with :-). Im hoping the 200-day sma will provide some support from here.

[vkx] 12/3/2010 11:51

Me too, £13k's worth @ the same price

[jon827] 12/3/2010 11:30

had a few today at 101 :-)