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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 2026 to 2049 of 2075 messages
Chat Pages: 83  82  81  80  79  78  77  76  75  74  73  72  Older
DateSubjectAuthorDiscuss
05/1/2006
10:51
That's good should filter into my nominee account by Monday then.
kingdwg
05/1/2006
10:25
Payments were despatched yesterday first class. I received mine this morning.
sharw
05/1/2006
09:24
Payments should be despatched today, 1.97ps.
kingdwg
05/1/2006
09:18
Anyone still here..
Does anyone know what date the payment will be and will it be £1.97 per share
Scot

scotsale
22/12/2005
12:03
Well it's happened before with this one. Remember Dee Corporation, Fine fare, Keymarkets.
kingdwg
22/12/2005
11:53
Yes, it was on the cheap side. I suspect they will strip all the property assets off the balance sheet, let the existing management continue with the recovery programme (including all the stores bought from Morrisons etc.) and then when it comes to fruition refloat and expect us to pay more than we were given for the company, but with less assets.
sharw
22/12/2005
08:41
Yes I'll second that. I reckon it was sold on the cheap though.
kingdwg
22/12/2005
08:38
Bye, Bye Somerfield - Thanks for earning me a bob or two!
irenekent
28/11/2005
12:59
All done and dusted then. Anyone fancy mrw?
kingdwg
25/11/2005
12:41
Would appear to be a slight upward trend here actually spiked up to 199.5 on Wednesday, announcement this morning from CIC Banque CIAL and ATs on the buy side at 195.5 today. Anyone got wind of anything?
kingdwg
09/11/2005
23:21
Anyone?????????????
dally4
09/11/2005
23:11
I hold my shares in a with TDW. had an email tonight telling me my options, anyone else had this. I am pretty new to this. Would anyone care to enlightn me to my best option. Thanks in advace
dally4
07/11/2005
10:44
nice chert
hampster
05/11/2005
18:19
Vote NO to takeover at this price.
They will not tell us what the valuation report said.
WHY?

The independant directors are being paid £15,000 each by VIOLET when the deal is done.
WHY?

They are doing the takeover buy getting a court to order us to sell.
WHY?

The management get special shares and do not have the same terms as the shareholders.
WHY?

Somerfield is in the middle of a recovery program but is being sold now.
WHY?

We have no details about the valuation done for the so called independat directors. The massive 134 page document has no details as to why 197p is fair value or what assumptions were made to get to that value.

Why have they not asked if other offers exist before giving biding support.
They have opened books to violet but will not allow us to see anything about it being a fair price.

If a signifcant number vote NO to the court the deal will need to be renogatated or other offers taken.

If violet can make a lot of money out of somerfeild then so can the existing somerfeild owners (US). There is a rsik that it is being stolen at a marked down price. Then they sell and lease back all the assets. Give our managemnt big payments and every one else wins.

i am myself
02/11/2005
21:59
Saw a Somerfield advert today. Surprised me a bit.

I thought they were probably going to end up being asset-stripped, but someone obviously wants to carry on promoting the brand. Weird.

hamsterape
20/10/2005
23:33
Deutsche Bank, UBS, CSFB, Goldman Sachs and Cantor Fitzgerald hold 34% between them as announced (individually) on Thursday's RNS.
hamsterape
20/10/2005
19:17
i wonder if philip green has raised cash...to buy somerfield...why do credit suisse own over 11%?
warrenbuffet2
18/10/2005
13:42
It needs a majority of the number shareholders to vote in the court. In this vote small shareholders hold the power by their shear numbers. By giving some sweet equity it looks like we are being cheated. If its sweet then I want my share of it!
keithk2t
17/10/2005
23:58
This tatakeover was signalled a very long time ago.

To think after all this time with all the millions spent on refurbishment, the best that the b0ard can do is hand all the benefit over to the first serious bid.

It would be nice if anyone from the c0mpany could make an explanation for their failure to generate shashareholder va1ue.

a. I've done nicely from my gamble/investment but many other long-term holders have been well and truly sh@fted
b. For John von Spreckelsen and Steve Back to receive a ddividend equivalent to their total annual ssalaries, etc they would each have to hold about 18 million sshares.
c. Nine and a half pages in the annnual rreport had to be given over to the explanation of the Ddirectors Remuneration
d. The ddepreciation for the last year was massive and has reduced the tangible assssets of the company from £1,954 million to a more sedate £1,186 million. I can't see how this is a "fair and true representation" of the assssets.

I hope that is sour enough - and I'm not even a shashareholder.

faxxer
17/10/2005
16:33
faxxer - the incentives for the existing board are even more complex- JVS may be going and cashing in all his options etc. but SB is staying and getting "sweet equity" - a new term to me (see para. 10 of proposals). Does that mean that those of us who have no option but to accept the scheme of arrangement have "sour equity"???
sharw
17/10/2005
15:07
wb2 - thanks
Surely they will just do a deal with the successful bidders. The CC would stymie any full takeover. My point was that the execs could fall on their swords and do the same and return the same amount of kercash to shashareholders.
They are obviously not sasatisfied with their total of £2.002 million basic salaries plus £425,000 emoluments and benefits. Any new owner can look forward to axeing JVS and SB and saving £1m immediately. Pity the poor long-suffering shashareholder.

faxxer
17/10/2005
10:51
Walmart & the Co-Op....are in the wings...
warrenbuffet2
17/10/2005
09:36
You think it's all over then sharw!
kingdwg
17/10/2005
09:30
Well, that's it folks. The only surprising thing about this morning's announcement is that they are taking the Scheme of Arrangement route. This is, I believe, more expensive as it involves shovelling yet more huge piles of money into the coffers of the lawyers. It suggests that they are confident of getting 75% acceptances but running scared of a couple of large holders sitting tight and depriving them of 90%.

A dull end to what could have been a more exciting saga.

sharw
Chat Pages: 83  82  81  80  79  78  77  76  75  74  73  72  Older

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