Somerfield Share Discussion Threads

[kingdwg] 01/10/2004 17:30

Vaguely but I guess I'll have to learn it again for my grandson. So in effect the Pru are selling while Barclays are buying. Wonder who's right.

[faxxer] 01/10/2004 17:16

kingdwg
the company with the greater percentage contains one with a lesser.
You remember the old lady who swallowed a fly . . .

[kingdwg] 01/10/2004 17:00

Can't quite follow that RNS on the Pru. 3 different entities all with 10%+ yet total only 10.57.

[faxxer] 01/10/2004 16:00

Given the news the market seems very restrained. No one wants to spoil Barclays party.

[abergele] 01/10/2004 15:40

Yes big increase in price ,then a little drop to scare the smaller punters away itseems.

This may be the bottom...but only a guess.

if the list of larger shareholders is near enough accurate, it seems they want us smaller ones to let go of the remainders so the institutioals can mop up.IMHO

[latestarter] 01/10/2004 15:20

someone wants em L2 has been all but emptied a few times

[abergele] 01/10/2004 14:51

Monty,
Yes this will recover for you, when, perhaps not so long,as you say and as I posted 18 months ago. They only have to make a small increase %,on turnover to add a lot to the bottom line, This was exactly what happened and the share shot up, the same will happen, and perhaps the big boys are making sure they are there first.

Petchey, is no mug, and maybe they have wind of something....just a guess,

I want to get back in ,but at the right price .started at 50p last time, but we won't be so lucky as that again...

As Faxxer said in 2002, seems like a lot of shorting going on, maybe they have returned.

[monty burns] 01/10/2004 14:20

I have no problem with them buying higher and buying more if it gets cheaper. That's basically what I do, but only on asset rich, low PE, cash rich/no debt companies. SOF fits the bill quite well, I'll buy more if it gets significantly cheaper.

It's the funds that buy high and then sell low that crack me up.....

Mind you, that's quite a rate of buying by Barclays - hope they've done their homework.

Sadly I have no great insight as to when these might turn. I just thought it was a good price fundamentally and the chart point looked reasonable. Our expert a few posts up says this has now gone sour, but I'm going to hold on and as I say, buy more if it gets much cheaper.

[abergele] 01/10/2004 13:47

Yes Monty,
Is their timing as bad as Joe public. and just averaging to make up loses if it turns, at the moment they seem to know as much as us mugs.

otherwise they may have just waited and bottom fished ,if we are at that point, but thw charts look like a bit further to go, any thoughts on that yourself,

There as we said it, they have topped up yet again (Barclays) 11.47%.

Perhaps like us they can't calll the bottom....

[monty burns] 01/10/2004 11:43

Barclay have gone from 4 to 5 to 6 and just now to 10% since mid-August.

Dunno why, but at least they're increasing.

[abergele] 01/10/2004 11:30

It seems incomprehencible that the Pru and Barclays are as stupid as us in their investment records,buying at higher prices and getting caught holding the baby, and having to average down, either they have wind of something, or overpaid Idiot's.

Your answers on the back of a brown plain envelope please...

[bigface] 30/9/2004 23:29

The chartist have it - for now.

[hatman] 30/9/2004 13:25

SOF failed my chart plan so I am out at a small loss.

[neelix66] 30/9/2004 13:09

What the hell is going on?!! This one appears to be sinking :( Where's that stupid stop loss button... oh yes I remember, I passed it at 147p!!

[banjosinger] 30/9/2004 12:40

could it be due to the smaller stores being sold by Morrisons, if you look at news under Morrisons they will announce bidders in the next couple of weeks for 120 smaller stores, prehaps somebody has got wind of this and see's it as negative if Somerfield buys a chunk of these, especially with its history of mergers.

[bigface] 29/9/2004 22:42

Getting close to the Mckenzie bid price. 120p was rejected emphatically - what the hell is going on here. For the price to fall to 129p while sales are growing according to the August figures is difficult to comprehend.

[kingdwg] 29/9/2004 21:34

Smart investors!!

[old crow] 29/9/2004 19:35

Bigface, kingdwg and all
What comments on the following
Just noted on RNS
Barclays and entities
15 Sept held 30,109687 shares SOF
Today 29 Sept held 50,275148 shares SOF
That's an increase 20 million in 14 days!!

Keep Crowing

[bigface] 29/9/2004 10:11

Hello Kingdwg - nice to here from you. Difficult to sell out of somerfield - got caught out myself once selling too early and missed the 170p, but this time OK as I sold at 152p. I want baugers mopney now to reinvest!! Patience is a virtue.

EDIT 19:30

Looking at the trades in the questionable column today I wonder whether Bauger is unwinding his SOF stake.

[kingdwg] 29/9/2004 09:43

Hi Bigface, I'm still holding, don't really know what happened to my stop loss system on this one, kind of just slowly drifted down.

[monty burns] 29/9/2004 09:31

Just got in for 12,000. A bit nervous as for all the obvious trading issues, but I will buy more if I have to lower down.

[bigface] 29/9/2004 08:58

If everything, other than charts are irrelevant hatty, you could be right.


Good luck - I am not holding at the moment but like somerfield

[irenekent] 29/9/2004 08:50

If Jack Petchey is involved you can usually bet on the share. This is almost certainly the next target in this sector, if only for its property portfolio. Don't see this as a supermarket chain - its a high street property play. Property that I don't believe has been revalued for years.

[old crow] 29/9/2004 08:36

hatman
Interesting,we will see.

Keep Crowing.

[hatman] 29/9/2004 06:56

I bought this stock yesterday. Only a modest holding intially.

It seems to me that SOF completed a clear five wave advance up to the peak in January; since then the shares have declined in a sloppy overlapping fashion; looking closer this decline is in the form of an ABC correction. Wave C is equal to wave A at 127p and the stock temporarily touched this price yesterday morning.

There is also trend line support from a declining trend line from the 2001 top which by sheer coincidence (or force of nature) met the price at 127p yesterday.

Volume picked up as the stock rose in the afternoon.

So I believe that the ABC corrective phase has now ended; if so SOF will now enter a wave 5 advance which will reach new price highs; there is supply in the 140/150 area, but above 150 is blue sky.

If 127p fails on good volume my analysis is wrong.