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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Shawbrook | SHAW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 339.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 339.50 |
| Top Posts |
|---|
Posted at 19/6/2017 20:44 by polar fox I'm only a fixed rate depositor with SHAW and started pulling the maturing deposits out in April. Next one in August....Given that the bank will now be delisted, I want nothing more to do with these people! |
Posted at 05/6/2017 06:41 by cc2014 It would be helpful if they bothered to fill in the offer price. About 342p including the dividend.Not what I was looking for |
Posted at 01/6/2017 14:45 by cc2014 Ah - so belatedly I get it. Shaw is XD today and someone has held on for the dividend before selling. |
Posted at 29/5/2017 07:42 by cc2014 So, a quick look at some of the shareholders who accepted the offer is puzzling:Cabot - 5,410,208 No idea why they would support Philip George - 1,427,517 Sir Brian Ivory - 450,000 ex Chairman of Shaw Magnus Matthewson 464,203 ex Chair prior to flotation Nick McAuliffe 619,250 ex COO Nedbank 414,203 Richmond Group 4,821,709 - I believe they've now sold the lot - they bought at 1.33 Wood 1,371,421 ex Director resigned in 2016. It appears a lot of the acceptances are from ex directors who have no incentive to accept the offer unless either: a) they get a new place on the Board from Pollen b) they become minor shareholders It doesn't make sense to me |
Posted at 26/5/2017 18:20 by dendria Offer extended yet again - to 1.00 p.m. 2 June 2017.Pollen need to p1ss or get off the pot - they're draining resources from SHAW & shareholders. |
Posted at 10/5/2017 20:07 by cc2014 Thanks for that Vulgaris. I haven't been phoned possibly because mine are in a nominee account.I have decided to vote against. The market is telling me the bid isn't high enough. I suspect if I overlay the SHAW price with ALD I'm going to find the same thing. |
Posted at 28/4/2017 20:04 by cc2014 Anyone left here but me?Volume up today and for the first time significant buying at 342p. Iceberg seller at 342.0 that's been there for at least a couple of weeks. It will be interesting to see if the buying at 342 continues and how long the seller lasts. ALD moving up strongly over the last few days and therefore by implication value of SHAW bid looking less and less attractive |
Posted at 08/4/2017 13:39 by cc2014 Shawbrook's (SHAW) largest shareholder, Pollen Street Capital, is not giving up. The asset manager has reasserted its bid for the challenger bank, as part of a consortium with private equity group BC Partners. However, the bidders have not increased their offer - which remains at 330p cash per share - but have instead opted for a takeover rather than scheme of arrangement. The former requires the consortium to secure more than 50 per cent acceptances and does not need the recommendation of the bank's board. The latter not only required board approval, but 75 per cent of acceptances of those voting.The Shawbrook board has once again rebuffed the offer. A bank spokesperson cited previous statements regarding negative feedback from other major shareholders, and that the deal's terms undervalued the business. Shawbrook management is confident in its ability to deliver on its own growth strategy*. The bidco's director, Lindsey McMurray, said the offer would provide "liquidity to those investors that seek it and create an ownership structure comprising long-term, supportive investors that will allow the company to adopt a more flexible approach to changing market dynamics". IC VIEW: The offer represents a 24 per cent premium to Shawbrook's closing price of 268p a share the day before the first offer. However, it also signifies just 9.7 times forecast earnings for 2017, or 1.6 times book value. We think this looks to be poor value for shareholders. For now, await documents. Last IC View: Hold, 314p, 9 Mar 2017 *The original version of this article referred to the bidco's strategy, rather than Shawbrook's. That has been clarified. |
Posted at 15/3/2017 20:24 by cc2014 With the share price at around 303 this gives a 10% upside with the dividend on 333 offer price.It was trading around 250 before the offer so the downside is around 15%. Given that a new offer would have to be around say 360-375p it suggests to me the market thinks things are finely balanced as to whether an improved offer will be made. Certainly no certainty. Interesting times. I continue to hold |
Posted at 07/3/2017 08:47 by future financier Where does SHAW go from here.40% shareholder is not happy with the status quo - and can see value in the business at 330p. Given the small increase between the original offer and the revised offer it is highly unlikely she will come back with the 360p plus that would be required to get the non-execs onside. So maybe she would be prepared to sell at 375p - does anybody want to pay this??? |
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