Snacktime Share Discussion Threads

[knigel] 19/2/2014 20:07

No large trades after the talks were terminated. 25k shares sell and 30k shares buy.. overall the share price fall seems over done... there is still a low free float available...although there may be no short term news, positions might be taken over the next few weeks perhaps pushing the share price back to 14-15p imo

[mike111d] 19/2/2014 19:53

Treacle, real MEN don't SNAK ;-).

[bogotatrader] 19/2/2014 19:48

Management will need now to get performance in an get stock price up over next 6 months as Boris can come back with an offer after then.....

[knigel] 19/2/2014 19:24

Latest RNS

The Company's plans to integrate its three vending businesses into one company, with a single senior management team and a common software platform, by 31 March 2014 are well advanced and are already demonstrating tangible benefits. The Company announced on 29 November 2013 that it had appointed Smith & Williamson Corporate Finance to review strategic options in relation to Drinkmaster, the Company's seal cup operation, which may result in its divestment. As a consequence of the unsolicited approach from Uvenco the process was put on hold. In light of Uvenco's announcement today that it does not intend to make an offer for the Company, the Board and its advisers are now in a position to resume this process.

So the company is no longer in an offer period - but why did it take to the deadline day for offer talks to be terminated?
Last year (14th February) the company issued a trading update - can we expect one this year?
Drinkmaster - what is the most likely option here? Buyout? Demerger? Another party (Boris?) making an offer or to take a stake in the separate division?
Tangible benefits - job losses? Exceptional one-off costs? Margin improvements?
With final results not due for 3-4 months can we expect any material news in the short term?

[knigel] 19/2/2014 18:45

Seems fair to have a new thread now that offer talks have terminated and Boris unable to make another offer for six months - unless another party decides to..

[treacle32] 19/2/2014 18:30

No use this one - why fuel the bulletin board morons next door who have no vetted interest? We'll use this one like we have and you can use the next door one like you have been and engaging with such morons.

[knigel] 19/2/2014 18:28

Well the later RNS suggests all is NOT done and dusted here... I wonder what Drinkmaster is worth?

[knigel] 19/2/2014 18:27

Time to shut this thread down and just use the other one?

[newbytothis] 19/2/2014 16:38

Trickles Thai bride must seem a long way off after today - not just in miles either

[stockonomist] 19/2/2014 16:21

Yes very happy today.

I did say all along. SNAK is technically insolvent.

Only a naive and gullible idiot would think someone would pay 60p a share for such a Company when you could get it for zero when you buy it off the Administrators when it goes bankrupt

[lord sutch] 19/2/2014 16:00

Stockonomist is gay

[treacle32] 19/2/2014 15:55

30,000 buy at 13p.

[treacle32] 19/2/2014 15:55

12-13p, WEST - house broker MM hungry for stock.

[treacle32] 19/2/2014 15:46

Moving higher - 11 - 13p.

All the retail peeps sold low at 10p.

[treacle32] 19/2/2014 15:46

The Company's plans to integrate its three vending businesses into one company, with a single senior management team and a common software platform, by 31 March 2014 are well advanced and are already demonstrating tangible benefits. The Company announced on 29 November 2013 that it had appointed Smith & Williamson Corporate Finance to review strategic options in relation to Drinkmaster, the Company's seal cup operation, which may result in its divestment. As a consequence of the unsolicited approach from Uvenco the process was put on hold. In light of Uvenco's announcement today that it does not intend to make an offer for the Company, the Board and its advisers are now in a position to resume this process.

[treacle32] 19/2/2014 15:45

13p offer...

[treacle32] 19/2/2014 15:07

Buyers resurfacing at 11p.

[ukmassy] 19/2/2014 14:20

It's Trickledown Economics Stocky!

[stockonomist] 19/2/2014 14:10

Dreaming of 60p and more likely this will go to 6p

Only out by 500% so far eejet

[stockonomist] 19/2/2014 14:10

TrickleDown will have to change his name to SmackDown

[stockonomist] 19/2/2014 13:42

Now getting totally smashed