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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 |
---|---|---|---|
05/9/2005 08:06 | Looks like things will finally come to head this week, either way. | cheekycharlie | |
04/9/2005 20:28 | Livingstone brothers hope to gain Somerfield edge By Sophy Buckley and Lina Saigol Published: September 4 2005 19:45 | Last updated: September 4 2005 19:45 The Livingstone brothers hope to edge ahead in the £1.1bn battle for Somerfield, the UK's fifth-largest supermarket group, by lining up a deal to sell hundreds of stores to mutual retailer United Co-operatives. The brothers, who own the private London & Regional property group, are talking to United about a deal that would see the UK's second-largest mutual retailer pick up about 500 stores, should L&R be successful. The rest of this article is for FT.com subscribers only | warrenbuffet2 | |
04/9/2005 16:53 | The AGM is, in fact, on Friday 9th., which shows how reliable the press is, so I dont necessarily put too much credence on the 225p mentioned earlier. There will certainly be pressure to put out any announcement on or before the AGM. Faxxer - are you going to the AGM this year? WarrenB2 - it would be helpful if you could edit your newpaper cuttings to the essentials - just the SOF para in post in 733 and the article in 734, otherwise the rest of us end up scrolling through a load of unwanted stuff. You can still do it for those posts by pressing 'Edit'. Thanks. | sharw | |
03/9/2005 15:48 | Market Report: Talk of Persimmon swoop adds shine to Wimpey By Michael Jivkov Published: 03 September Somerfield rose 1p to 199.5p on word the Apax Partners-led consortium willunveil its offer for the convenience-store operator next week. If you believe yesterday's gossip, the private-equity firm's offer should come in at 225p a share. Bulls of Somerfield hope this will flush out a counter-offer from Wal-Mart. The US retail giant controls 17 per cent of the UK groceries market, and a combination with Somerfield would take this figure to 23 per cent. This is well short of Tesco's 30 per cent market share, which is why analysts believe Wal-Mart will have little trouble getting the green light for a deal from the regulator. | warrenbuffet2 | |
01/9/2005 09:25 | very reliable sorce tells me bid coming in this weekend.Time will tell! | xchef | |
30/8/2005 14:38 | At the beginning of July the press were all talking of an 'indicative' bid of 205p. The only other comment I picked up was in the Herald about July 12th. which said: "Richard Ratner, analyst at Seymour Pierce, said: "We see this (that still going ahead after Bauger withdrew) as a sign that the consortium is almost certain to press ahead with an offer, and with at least one, or perhaps even two or more other players, we still feel, despite the profit downgrades last week, that the take-out price could come in at 215p." There are factors both ways - what the pensions regulators may have imposed on the downside and the fact that there is still more than one bidder on the upside. FWIW my own opinion is that the price is unlikely to be outside the 205 - 215 range. | sharw | |
30/8/2005 08:13 | Figures of around £1.1 bn crop up in various places. Annoyingly the financial press love quoting big figures but they hardly ever bother to translate them into a useful pence-per-share value. With 550m shares in issue the value of this bid would be almost exactly 200p. Is the market expecting a higher value? The price now is almost at 200p which must surely also factor in the risk of a no-bid. So what price should we be holding out for? | hamsterape | |
29/8/2005 09:45 | This is much the same article I think from the Sunday Times: | faxxer | |
29/8/2005 08:16 | Somerfield pensions deal struck By Maija Palmer and Norma Cohen Published: August 28 2005 20:41 | Last updated: August 28 2005 20:41 The two consortiums vying to purchase Somerfield could launch formal bids for the supermarket group within weeks, after reaching agreement with the Pensions Regulator on providing security for the food retailer's pensions scheme. Talks have been held up for months, largely because of the regulator's concerns over how Somerfield's £112.3m pension fund deficit would be treated if the company was removed from the stock market. The rest of this article is for FT.com subscribers only | warrenbuffet2 | |
24/8/2005 09:32 | faxxer seems correct, as ever, to have said enough is enought at 202p or thereabouts. | bigface | |
24/8/2005 09:32 | faxxer seems correct, as ever, to have said enough is enought at 202p or thereabouts. | bigface | |
23/8/2005 11:45 | sharw - yes, corroboration is important ;-) | faxxer | |
22/8/2005 13:05 | I find it hard to believe that financing the deal would be an issue for either bidder at this late stage. Somebody probably scare-mongering in order to pick up cheaper shares just before the long-awaited announcement. | hamsterape | |
22/8/2005 12:43 | Faxxer - the "two" stories were one - both merely repeated the original in the telegraph: The article is somewhat vague, but nevertheless the silence is worrying. | sharw | |
18/8/2005 19:34 | reckon, something should happen before the AGM, must be a done deal, nobody takes nearly six months and pulls out, must of already cost them a few quid. Does anybody think, that both groups have joined together, it would stop a bidding war and everyone would get a piece of the action. | banjosinger | |
18/8/2005 11:15 | I have in my mind the end of July then that was extended to the end of august. | cheekycharlie | |
18/8/2005 10:11 | What deadlines? Didn't think there were any. | kingdwg | |
18/8/2005 10:00 | Can somebody remind me of the latest deadlines. | cheekycharlie | |
18/8/2005 09:01 | Dipping under 200p again. So now what's happening? Is it just lack of news? | hamsterape | |
10/8/2005 09:00 | So much for the aticle in the Times saying that small shareholders should take the money at 190 and leave it to the hedge funds. | kingdwg | |
10/8/2005 08:43 | Nice thing too, the market is obviously beginning to believe that it will go through. | bastide | |
10/8/2005 08:37 | Nice to see 205 isn't it, starts to make the hanging on look worthwhile. The market obviously sees 205 as a sighting shot. | kingdwg | |
10/8/2005 07:58 | Does someone know something that we don't? The offer at the moment is 204.25p, but the much discussed bid (or little discussed, depending how you look at it) is only supposed to be 205p. Nobody could make a profit on that. Is that mystery bidder beginning with the letter A going to put in an appearance at long last?? Questions, questions.... | bastide |
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