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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Somerfield | LSE:SOF | London | Ordinary Share | GB0008218694 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | - | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
21/4/2005 23:00 | If so it looks like they were a client of Man Financial as they shed about 11 million shares in total over the Tuesday/Wednesday sessions and no doubt more today. Are they seriously saying they have a punter who spreadbets that volume. It could equally be another negative rumour while someone converts CFDs to actual shares. Since they haven't found a buyer yet I guess the MMs are taking a more positive view than the rumour-mongers who tip the Baugur/Barclays/Tche In my view this doesn't ring true. Stop me if I'm wrong but Baugur have never failed in their objectives so far and I think it is no secret that Somerfield have been in their sights for a very long time. Since they have bought Iceland, it is reasonable to assume that they wish to combine the two into one group. However, after combining the two they could then separate into three separate companies. Baugur have been fairly transparent in their ambitions, admirably helped by a market which has been unforgiving and willing to substantially undervalue the assets of retail businesses - and who am I to complain ! If the bid fails where will the share price be afterwards? I guess that it will not be very significantly affected and Baugur will have to come back with a better offer. I can't see a price of 220p succeeding at all. | faxxer | |
20/4/2005 04:32 | The Times April 20, 2005 Rumour of the day Somerfield shed 5¼p to 196¾p on turnover in 24 million shares on talk that a large contracts-for-differ | n_w_b | |
19/4/2005 22:17 | Man Financial tend to be Spread Betters | widgee | |
19/4/2005 18:30 | I got out at 204p on Friday... gonna watch this one closely and hopefully get back in as there is surely more to this as faxxer has surmised. | neelix66 | |
19/4/2005 17:13 | Urgent message for Stewart Horner of Man Financial Limited Please replace your calculator batteries now! 31,201,751 is not 6.17% of 547,517,453, it is 5.70%. No, it is not even 6.17% of 548,328,045 as Somerfield advised today. That would have been 5.6903%. ____________________ Note: the table in the header reflects percentages recalculated in light of current Somerfield shares in issue. It appears that Man Financial sold approx 800,000 on Friday. I am looking forward to finding out who was involved in today's sell-off. | faxxer | |
19/4/2005 15:54 | Thanks faxxer. | kingdwg | |
19/4/2005 15:39 | Hi Kingy That is Man Financial 6.17% is an increase of their holding. See post 652 above and the table which I have maintained in the opening post. I am waiting for ASDA or Sainsbury to get involved. If Baugur, Barclays, Apax and Tchenguiz are browsing the books they can't trade, hence no news from Barclays. Livingstone bros. have not yet made an offer I think, so Man could represent their purchases. I am sure someone out there knows what is going on. If only they would share it with us. | faxxer | |
19/4/2005 14:55 | There seems to be some heavy cfd trades. Check this one out!! | kingdwg | |
19/4/2005 13:21 | What isn't very helpful is the share price performance. What's happening here, any ideas? 15p down from it's peak makes you think what could have been had!! | kingdwg | |
17/4/2005 16:53 | Well done faxxer, very informative and helpful. | kingdwg | |
17/4/2005 13:53 | JVS playing hardball? End of year is 30 April 2005. Positive indicators: a. Cater Allen International Ltd bought stake in co on 12th April 12,200,000 shares @ 212p = £25,864,424 = 2.35%. b. Man Financial Ltd up significantly recently to 32 million shares which is a 700% increase c. State Street increased their stake over the offer period by 132% d. Around 85% corporate ownership identified in table above | faxxer | |
14/4/2005 20:50 | I suspect it is 3 because Apax said it had been 'unable to confirm certain key cash items'. Somerfield has been moving back to the 205 that is rumoured to be on the table. I would hope to see more than that in view of the value of the property. Some commentators have said that the price has gone down as two rival bidders have teamed up but I think there is a counter-arguement that SOF should be able to negotiate a higher price than if the bidder were purely interested in property or purely interested in the business operation. Time will tell. | sharw | |
14/4/2005 10:58 | Apax pulling out of Woolworths seems to have hit SOF today. Analysts suggest that Apax have lost their appetite for retail. This news could mean one of three things: 1. Apax involvement in the takeover of SOF could be in doubt. 2. They are ditching woolworths to concentrate moew on SOF. 3. Neither of the above two. The share price has taken a 2% hit so far today, my opinion is that it just could just be a nervous reaction. I personally take the long term view and I would rather see the company finish its five year plan. I doubt this will happen and expect them to sell-out in the near future, I therefore would expect the company to get as good a deal possible. I would hope they will not sell for lower than 220p. This is still cheap but I cannot see anybody prepared to pay much more than that. | cheekycharlie | |
12/4/2005 15:28 | Market seems to have digested the news and decided it's not bad at all. | kingdwg | |
12/4/2005 12:27 | Lets hope they can put together a sensible offer...!!! | cheekycharlie | |
12/4/2005 11:41 | It was rumoured that the Tchenguiz Family and Baugur would do this anyway. Papers have been second guessing all along | widgee | |
12/4/2005 09:51 | Looks like they've all put their heads together. Can't help much. A competition would be better. | kingdwg | |
12/4/2005 09:41 | Less chance of a bidding war? Barclays Capital 12 April 2005 For immediate release 12 April 2005 Formation of Consortium Funds advised by Apax Partners Worldwide LLP ('Apax'), Barclays Capital ('BarCap'), the Tchenguiz Family Trust ('TFT') as advised by R20 Limited ('R20') (the investment vehicle of Robert Tchenguiz) and Baugur Group hf ('Baugur'), confirm that they have formed a consortium (the 'Consortium') which is currently in discussions with Somerfield plc ('Somerfield' or the 'Company') in relation to pursuing a recommended cash offer for the Company. We believe that the members of the Consortium provide considerable operational and financial skills together with substantial experience in the sector. As a result, the Consortium is very well placed to be able to put forward a proposal which we believe the board of Somerfield will find attractive both in terms of value and deliverability, following, inter alia, completion of a due diligence exercise. The Consortium believes that the current management team has made substantial progress with the business and we are excited by the prospect of investing in Somerfield to continue its growth and development. It should be noted that discussions are at a very early stage and, inter alia, subject to completion of a due diligence exercise. There can, accordingly, be no certainty that any offer will be forthcoming or of the terms of any such offer. A further announcement will be made in due course. Enquiries Finsbury +44 (0)20 7251 3801 (PR adviser to the Consortium) Roland Rudd Morgan Bone | barman92 | |
12/4/2005 08:25 | I would have thought that SOMEONE would have stuck his hand up now and moved this all one step forward from the ONLY formal offer (1.90) by the Iceman. Anyone got any views other than that of the papers. | widgee | |
11/4/2005 06:56 | They did fix it. Thank you "faxxer". (It was only a couple of keys to press as well!!). No charge though. So I can buy more Sommerfield below £2.00 | widgee | |
08/4/2005 09:04 | widgee: your caps lock appeared to be stuck | faxxer | |
08/4/2005 05:46 | Sharw: Fair enough. faxxer: widgee if you take your computer to PC World they will fix it for you. ?????????????? | widgee | |
07/4/2005 18:50 | widgee - I am not suggesting anything about whether it is true or not. What I am suggesting is that articles such as this in papers like the Times and the FT have enough influence in the City to move share prices, and that SOF's rise today was one such instance. | sharw | |
07/4/2005 15:46 | widgee if you take your computer to PC World they will fix it for you. | faxxer |
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