Sureserve Share Discussion Threads

[bloolee] 12/11/2001 09:53

gr20287,

Before the split there were large trauches of shares changing hands. There is a significant mystery stakebuilder. Most are here, I guess, because of the speculation of a bid. It has gone a little quiet now (lull before the storm?) and the price has slipped a bit from the pre-split price. More than this I don't know but I am in for the ride.

[gr20287] 12/11/2001 09:08

THe name has been changed, is there a possibility that here will be a buy out of the Belgo restaurnats only on the cards. Just asking, I know nothing.

[nutsyboy] 11/11/2001 21:35

What price can we expect? I've heard 60p, but that's from a dubious and unreliable source. I will continue with my research.

[cavehomme] 11/11/2001 20:07

Something is definitely cooking (pardonnez-moi le pun !) I have the friend in the business, but of course make your own decisions.

[schruh] 11/11/2001 16:24

The suspense is killing me ! Let's get this bid out in the open ! Who is it? Is this going to be another Pizza Express ? Time to hold on tight I think.

[99] 09/11/2001 18:52

Nutsyboy - Correct

[nutsyboy] 09/11/2001 18:49

According to my Evening Standard the high for SUR was 80p - Is this right?

[bloolee] 09/11/2001 16:03

Hurrah - a buy (10K) - give that man a coconut !

[santangello] 09/11/2001 13:14

Sensible comment B.
Let's not forget the stake that has been built up in this stock, and more importantly the motives behind the stake building.....to lose all that money? me thinks not.

[bloolee] 09/11/2001 11:59

Well I would have liked to have seen more than 1 single share on the buy side, but lets not forget the volume before the split and our reasons for getting involved.

[santangello] 09/11/2001 10:14

and your evidence to support this theory nipple ?
MMs certainly have you spooked !

[nipple] 09/11/2001 10:08

here we go down 1.5p so far ,seen this all before wont be long before we start seeing sub 20p or lower,BLOODY TYPICALL EH?

[bloolee] 09/11/2001 00:02

Hardly set the world alight did they?

[santangello] 08/11/2001 23:41

I'm a little disappointed, but still bullish.
MMs maybe being a little cautious.
No selling pressure.
Still major upside potential.

Santangello

[argy2] 08/11/2001 11:36

Only if the bid price was 2p yesterday.

[bloolee] 08/11/2001 11:31

Signature Restaurant Group (SUR) emerged today following the 1 for 20 spilt of Belgo Group (BGO).

The following from the Sunday Observor on October 30th mentions some of SUR’s interests and talks of the, as yet, unmasked stake builder Kintaro International.

There could be interesting times ahead!

"Belgo, the mussels-and-chips restaurant group founded by Luke Johnson, is struggling to unmask the mysterious investor who this month became its biggest single shareholder.
Nick Fiddler, Belgo's finance director, said the company had sent a 'threatening' letter to Kintaro International, a company registered on the British Virgin Islands, which now holds a 14 per cent stake.

'We are demanding to know who are the individuals or companies behind Kintaro,' he said. 'It's a letter that reminds Kintaro of its Companies Act disclosure obligations. It also reminds them that restrictions can be imposed on shareholders if they don't comply.'

The latest letter follows Kintaro's reply to an earlier 'section 212' request for information, in which it failed to disclose its shareholders or directors.

Kintaro increased its stake in Belgo from 2 to 14 per cent after buying shares sold by institutional investor Zurich Financial. It has no other known investments in the UK.

Belgo, which also owns the Strada pizza chain and upmarket restaurants such as the Ivy, is valued at £16.5 mil lion - a fifth of its 1998 peak.

Kintaro's swoop on Belgo has prompted speculation that it might sponsor a buyout attempt by Johnson, Belgo's chairman, who is thought to be interested in taking the group back into private hands. But fellow directors have denied that Johnson has any connection with Kintaro. Johnson, who was abroad last week and could not be contacted, is understood to have expressed support at a recent board meeting for the company's attempts to identify Kintaro.

[tom2] 08/11/2001 11:24

So my shares have gone from being 1p shares to 20p shares. They were valued at 2p yesterday so they should be valued at a bid price of 40p is that right?