Tomkins Plc Share Discussion Threads

[yogi] 23/4/2001 22:42

Out of curiousity when the shares are bought back for cancellation what is the actual process for doing the cancellation. Do they do it on a periodical basis or are they done against each purchase. Are the firms accountants involved each time and is the administration significant with cancelling shares.

Just if anybody happens to know :)

[scripophilist] 23/4/2001 22:42

This is interesting too: -

[scripophilist] 23/4/2001 22:33

Seen this:-

[bpoole] 10/4/2001 15:26

That will be Schroder I guess.

[kayak] 10/4/2001 15:15

Probably the same 11m, sold to a MM in the morning and sold on to an institution in the afternoon at ¾p markup.

[bpoole] 10/4/2001 15:09

Wow! WOW! Another 11m bought. Where are they getting all these shares.Are the
mm's having fun and games?

[bpoole] 10/4/2001 11:05

Wow! 11m buy just gone through. Is it a buy back?

[scripophilist] 30/3/2001 16:24

SIM have increased their stake to almost 14%

[scripophilist] 08/3/2001 15:35

Never had any dealings with Holland or know much about him so this is probably a cue for me to have a look.

There seem to be some political moves going on at TOMK which is probably still the hangover from the Hutchings resignation and possible activity behind the lines.

[tortoise] 08/3/2001 15:26

Scripophilist,
Noticed (albeit a little late). From the announcement, the departure seems immediate rather than planned. Do you consider it has significance?
T.

[scripophilist] 08/3/2001 14:48

CHANGE IN DIRECTORS

Tomkins PLC announces that Roger Holland has today resigned from the Board
having served as Non Executive Director for six years.

He leaves with our thanks and best wishes.

[joker59] 06/3/2001 10:48

With massive buy backs going on and predators circling this one must be a no-brainer. The current share price is an indication of how deeply unpopular this stock is in the City but if any real action starts the price will move swiftly.

[scripophilist] 06/3/2001 10:45

KKR are experts at LBO's. I can't believe shareholders will let somebody nip in without expecting a big premium. If a bidding war ensues then we can expect a lift in the price certainly. Hutchings knows how much value there is here.

[bpoole] 06/3/2001 10:39

From iii

Author
chattaway


Date posted: 2001-02-24 15:55


Subject: Schroders buying again.


Recommendations: This message has been recommended 5 times (Recommended by…)



Message:
24/02/01


Schroders have increased their stake to 12.1% (98.7 million shares)buying 4.3 million shares. I do not think we have to wait for the new chief exec to move the share price when Schroders come from nowhere to 12.4% of the company. I am suprised this is not in the press. I think with the comments of the Gates family and the clearing up of the Smith and Wesson position we are in for a bid. Schroders do not spend this kind of money for nothing.

[bpoole] 06/3/2001 10:33

The following from FT.com today may be of interest. Not exactly a surprise I must say:

'Hutchings attempts to mount takeover of Tomkins
By Francesco Guerrera and Charles Pretzlik
Published: March 5 2001 20:35GMT | Last Updated: March 5 2001 20:47GMT



Greg Hutchings is trying to mount a takeover of all or parts of Tomkins four months after resigning as chairman of the engineering group following allegations of corporate excesses.

Mr Hutchings, who transformed Tomkins from a small engineer into a multi-billion pound conglomerate during 17 years at the helm, has held talks with at least one City bank, WestLB, about a bid.

WestLB did not comment on Monday but it is believed to have declined to advise Mr Hutchings because it has doubts over the viability of a bid for Tomkins.

It is understood Mr Hutchings is planning to sound out other banks and has also been approached by financial groups looking at a bid for the group.

Analysts said Mr Hutchings would need the backing of a private equity group to raise the funds to launch a bid for Tomkins, which is valued at more than £1.3bn ($1.9bn).

While at Tomkins, Mr Hutchings is believed to have had talks with Kohlberg Kravis Roberts, the US private equity group, over a sale of parts of the group.

It is believed that financial groups could talk to Mr Hutchings about a bid to break up the group into its two main divisions, automotive and construction.

Some bankers believe private equity houses will talk to Mr Hutchings in the hope of gleaning valuable information about Tomkins but will be reluctant to join forces with him formally.

Backers may also be deterred by the fact that a bid fronted by Mr Hutchings would be met with resistance from the current board, which might feel compelled to start an auction.

Mr Hutchings' lawyers claimed in December that an investigation into the allegations by Ernst & Young had exonerated him. He is in talks over a compensation package of up to £5m. '

What ever happens someone will be moving in soon.
The share price is stupid. It is like swapping pennies for pounds.

[bpoole] 03/3/2001 00:19

When is the divi paid out?

[bpoole] 02/3/2001 18:59

rd-racer, thanks, you are are scholar and a gentleman.

[rd-racer] 02/3/2001 16:08

Divi paid 06/04/01

[bpoole] 02/3/2001 11:01

That was the plan. How much have they bought back? I make it about 10m, only 470m to go.

[biker] 01/3/2001 00:15

Yes they have.

[scripophilist] 28/2/2001 17:01

Buy backs probably supported the price today.

[bpoole] 28/2/2001 14:24

Well 2.75 fall is not too bad.

[bpoole] 28/2/2001 11:02

I thought Tomk was supposed to have gone x-div today. Have they?

[bpoole] 26/2/2001 00:54

From iii

Schroders have increased their stake to 12.1% (98.7 million shares)buying 4.3 million shares. I do not think we have to wait for the new chief exec to move the share price when Schroders come from nowhere to 12.4% of the company. I am suprised this is not in the press. I think with the comments of the Gates family and the clearing up of the Smith and Wesson position we are in for a bid. Schroders do not spend this kind of money for nothing

Don't forget, they go ex-div on the 28th so you could get 5% return plus the uplift in the share price.