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SHAW Shawbrook

339.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shawbrook LSE:SHAW London Ordinary Share GB00BWDPMF43 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 339.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
339.50 340.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 339.50 GBX

Shawbrook (SHAW) Latest News

Real-Time news about Shawbrook (London Stock Exchange): 0 recent articles

Shawbrook (SHAW) Discussions and Chat

Shawbrook Forums and Chat

Date Time Title Posts
03/10/201900:08Shawbrook, a new bank on the block 226

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Shawbrook (SHAW) Most Recent Trades

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Shawbrook (SHAW) Top Chat Posts

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Posted at 19/6/2017 22:25 by cc2014
Share price will hold at 340 for sure.

I've moved on now. Appears it was a game of bluff and double bluff all along looking at the 75.6%. It appears most think the offer was supporting the share price.

I've moved on now. Stuck some on ALD and some on PCF.
Posted at 19/6/2017 21:44 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 19/6/2017 18:42 by dendria
Today's RNS...'Therefore, the total number of Shawbrook Shares which Marlin Bidco may count towards the satisfaction of the Acceptance Condition is 189,374,700 Shawbrook Shares (representing approximately 75.6 per cent. of the existing issued ordinary share capital of Shawbrook).'

So they have 75.6%? Not what I was expecting. I may as well sell out now.
Posted at 17/6/2017 08:32 by cc2014
I watch with interest now. It is my view that if the 340p doesn't succeed the share price will fall by around by around 10%, so I've sold out.

Tbh I hope they don't succeed. Pollen have just messed around with this and Lindsay McMurray has something to answer for here. 340p wasn't enough and clearly wasn't enough for the last 6 weeks. All that's happened is both parties have each spent over £10m on this reducing the net assets of Shawbrook for the shareholders.

What will Pollen do if they fail. They can't bid for another year and will be invested in a company they aren't happy with the management. Will they hold on for another year? Will they begin to start selling their stake? Will Lindsay McMurray get kicked off the Board permanently?
Posted at 08/6/2017 10:14 by cc2014
I'm pretty confused about what to do.

I am fairly sure if the offer doesn't go through at 340, the share price will fall.

On the other hand there appears to be a raft of trades going through at around 338.5 which presumably is people buying shares who are happy to make 1.5p. All these people are going to vote for the offer and I think there will be enough of them to get the offer through at 340.

I really don't know what to do. In normal circumstances I'd just let this play out, take the 340 for a little extra return on my investment and avoid the dealing charges on selling.

I don't see much likely hood of an alternative bid

I sold about 15% of my holding yesterday. I have no idea whether that was the right or wrong thing to do.
Posted at 19/5/2017 17:29 by darryn1
The share price is still looking good for further increases. Glad that I added earlier this year.
Posted at 10/5/2017 21:07 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 08/4/2017 14:39 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 12/11/2015 08:26 by melody9999
when the price was agreed, the SHAW share price was likely much closer to 335p than it was yesterday. on this basis I am struggling to understand why we are now under the placing price. have added a few more
Shawbrook share price data is direct from the London Stock Exchange

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