Tomkins Plc Share Discussion Threads

[biomax] 26/1/2001 09:36

i think we are going to move above 2 quid very soon.

[bpoole] 25/1/2001 16:09

I wonder if that 11m trade was a buy or a sell?

[charles bronson] 23/1/2001 00:17

bpoole
I might let mine go around the £3 mark
;)

[bpoole] 23/1/2001 00:08

The share buybacks have not started.
Has anyone got any idea where these £450m shares are going to come from?

[scripophilist] 22/1/2001 21:53

Conspiracy theory.

I have looked at the trades for the 18th and there are two ordinary trades of 19m and one of 2m bringing a total of 40m. Just below the amount where notification is automatically required by the LSE.

Notification is usually required when a holder breaches the 5% holding barrier. With 818m shares in issue this would be 40.9m shares in this case.

How can I link these trades?, Price. They all went through at 176p when the prices on trades around them where all over the place. Looks like an instruction to fill a large order.

As yet no announcement of an increase in holding by the key shareholders or a buy back already so maybe a new stakebuilder is on the scene?

[charles bronson] 22/1/2001 11:57

I'm sure the trade at 10:50:55 was a buy!

:-)

[bpoole] 19/1/2001 15:00

Sill no report of the company buy backs?

[bpoole] 19/1/2001 11:21

Tomkins, like a lot of other companies, have front loaded all the bad news during the turn down. As far as house starts in the US are concerned figures out yesterday reported an increase as did autos. It makes sense for Tomkins to bring out all the bad news now so they can buy back shares at a depressed price. Come the turn around in the 2nd or 3rd Q this will look a smart move.


P.S Scrip, if the 45m was not Tomkins buy back we should see another big rise in the shares shortly.

[scripophilist] 19/1/2001 08:58

All previous notifications have been delivered after market close.

[yogi] 19/1/2001 08:53

Scrip,

Whats the timescale for reporting a buy back trade?

[scripophilist] 19/1/2001 08:50

So the 45m buy can not be a buyback then or else detail would have been released by now? A stake builder perhaps, or maybe a late notification.

[rd-racer] 18/1/2001 11:48

This announcement bolsters confidence, you don't buy this many shares unless you are pretty sure they are worth having.

18Jan2001 11:02
Directors Shareholding(s) in Tomkins
Tomkins PLC
18 January 2001
Schedule 11 - Notification of interests of Directors and Connected Persons
Name of company:
Tomkins PLC
Name of director:
Kenneth Joseph Minton

Number of shares/amount of stock acquired:
100,000
Percentage of issued class:
0.01222%

Number of shares/amount of stock disposed:
Not applicable
Percentage of issued class:
Not applicable

Class of security:
Ordinary shares of 5p each

Price per share:
167.00p

Date of transaction:
17 January 2001

Date company informed:
17 January 2001

Total holding following this notification:
100,000

Total percentage holding of issued class following this notification:
0.01222%
Source: Updata Newstore

[bpoole] 18/1/2001 10:51

45m buy back today. Only another 405m to go.If you know someone wants 450m shares why sell before they have even started the programme? Where are these shares coming from?I think when they take a break from buying the shares will go up for a while to get people to sell then the price will drop to shake some more people out.

[bpoole] 18/1/2001 00:26

I remember a while back Barcays bought back their own shares because they thought it was the best thing to do for shareholders at that time. The city commended them for it. Lets face it, the company is worth £2b and the shares are priced at £1.3 so why not buy them at a bargain price?

[chadd] 18/1/2001 00:02

bpoole, I think most of us had been anticipating something a bit more encouraging than a further buyback, which amounts to an admission that management lacks any vision or imagination. They have been buying back shares for months now and look at the share price performance over that period.

[bpoole] 17/1/2001 16:21

The mm's must love all these people who have been selling today knowing they will have some big orders to fill!

[chadd] 17/1/2001 13:25

Conversely, why sell them at a bargain price?

[bpoole] 17/1/2001 11:50

Why are people selling these shares today? The company has said it is going to spend £450m to buy back shares. I don't know if they bought any back yesterday but there were only 7m traded and there has not been many trades today.

[scripophilist] 17/1/2001 10:59

Some of the press coverage has been quite funny, It makes me be even more of a non believer in the press than I was before.

[chadd] 17/1/2001 00:28

The share buyback programme has done nothing but depress the price. there has been much talk of Greg Hutchings resignation fiasco in connection with the low share price, but let's remember this share was on the slide long before that.

[scripophilist] 16/1/2001 15:50

All I've said it before and I will say again. I prefer buy backs as it avoids double taxation on my earnings. Just because the market can not recognise the benefit I don't care.

Management should be focused on achieving a good ROCE. Any capital above this that is not required (or that can not generate good returns in the core business or in growing the business) should be returned to shareholders in the most effecient manner possible.

Maybe invest in new ventures sure but It's not a crime to say, "We have mature businesses that can not generate sufficient ROCE due to diminishing returns in this mature marketplace, therefore you can have it back"