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SOF Somerfield

0.00
0.00 (0.00%)
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

Somerfield Share Discussion Threads

Showing 1951 to 1973 of 2075 messages
Chat Pages: 83  82  81  80  79  78  77  76  75  74  73  72  Older
DateSubjectAuthorDiscuss
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
Chat Pages: 83  82  81  80  79  78  77  76  75  74  73  72  Older

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