Wichford Share Discussion Threads

[masurenguy] 14/12/2010 08:51

Do you have any figures on how much WICH stock is currently out on loan ?

[ards] 14/12/2010 08:36

todays mainly pos results should strengthen hand in negotiations

[masurenguy] 14/12/2010 08:29

Progress also depends upon whether a deal is done with Redefine in due course !

[ards] 14/12/2010 08:25

would not expect any progress in near term. as far as I see only commodity plays show any volatility with most other indexes being shorted. property still for brave not herd.

[quazie12] 24/11/2010 10:53

Let's see if old Nicolay has any commercial nous whatsoever to justify his position and salary.

To date he has successfully presided over massive shareholder dilution and losses yet retains his position and salary. Surely he's good at something ?

q

[scrawler] 17/11/2010 10:00

it doesn't look like there's any further rises to this stock

[masurenguy] 15/11/2010 13:32

Lets hope so since the response to this takeover bid has so far been rather.........underwhelming !

[grollfam] 15/11/2010 12:12

Early days.....Wichford is effectively now in play & might attract others suitors besides Redefine.....

[masurenguy] 15/11/2010 08:59

Well I see that this mornings news has been greeted so far with MASSIVE..................indifference !

[masurenguy] 15/11/2010 07:23

Looks like some M&A activity is now developing here !

Also interesting to note that the share price has risen by 18% over the past 2 weeks on no newsflow !

RNS Number : 1445W
Wichford plc
15 November 2010

Strategic review of options

As recently announced, the Company has made good progress in the past year on the immediate objectives set out at the time of last year's Rights Issue. Most recently, Wichford has secured maturity extensions in relation to all three of its UK debt facilities. In addition, the Company has extended its VBG1 facility and has secured covenant waivers in relation to both the VBG1 and VBG2 facilities. Having secured its immediate funding position, the Board has commenced a process to review Wichford's strategic options including addressing the longer term financing position of the Company, in particular the October 2012 maturities of the Delta and Gamma facilities.

The Board has appointed Rothschild to assist in this review of options, which include assessing interest expressed by Redefine International plc ("RI") in relation to a potential combination of RI and Wichford.
Conversations with RI are at an early stage and there can be no certainty that any transaction between Wichford and RI will be forthcoming or that the required regulatory approvals for a transaction would be obtained (including but not limited to agreement of the UKLA in relation to listing eligibility). RI, a hybrid property investment company quoted on AIM with a market capitalisation of approximately £230 million, currently owns a 21.7% shareholding in Wichford. RI's ultimate parent company, Redefine Properties Limited, which is listed on the Johannesburg Stock Exchange in South Africa, indirectly owns a shareholding in Wichford Property Management Limited, Wichford's property manager. Further information about RI, including public announcements and financial results, is available on RI's website at www.redefineinternational.je.

In accordance with Rule 2.10 of the Code, Wichford confirms that it has in issue and admitted to trading on the London Stock Exchange 1,062,095,584 ordinary shares of 1 pence each under International Securities Identification Number GB00B01V9H13. Wichford will make a further announcement in due course, as appropriate.

_________________________________________________________________________


RNS Number : 1609W
Redefine International PLC
15 November 2010

Announcement by Wichford P.L.C.

The Company notes the announcement released by Wichford P.L.C. ("Wichford") this morning relating to a strategic review of Wichford's options and confirms that the announcement has been made with the agreement of the Company. The Company therefore confirms that it is in conversation with Wichford's board of directors and its advisers Rothschild regarding a potential combination of RI and Wichford, that these conversations are at an early stage and that there can be no certainty that any transaction between RI and Wichford will be forthcoming nor that the required regulatory approvals for any transaction would be obtained (including, but not limited to, agreement of the UKLA in relation to any relevant listing eligibility).

The Company currently holds 230,772,000 ordinary shares of 1 pence each of Wichford representing 21.7% of Wichford's share capital. In accordance with Rule 2.10 of the Code, RI confirms that it has in issue and admitted to trading on the AIM market of the London Stock Exchange 410,775,743 ordinary shares of 1 pence each under International Securities Identification Number BBG000PMB796. RI will make a further announcement in due course, as appropriate.

[purplebox] 15/11/2010 07:18

Takeover...

...Redefine International PLC...

...early days but very significant IMO.

[grollfam] 08/11/2010 17:54

only another 50.7m shares to sell.......LOL

[masurenguy] 08/11/2010 16:48

Schroders cut their holding by 4.75m shares to 50.7m (4.8%) last Friday.

[brownie69] 05/11/2010 21:52

Could be an enquiry here though. Clearly Simon G's tip leaked based on vols before today?

[masurenguy] 05/11/2010 16:36

Almost 90m or 8.5% of the shares traded in the last 48 hours with no newsflow in 7 weeks. The share price is also up 10% over the week so something seems to be going on behind the scenes !

[wessie] 05/11/2010 15:25

So far, so good - bought this morning at 6.95. Not often I get it this right so quickly!!!!

[ted1806] 05/11/2010 15:01

pop she did!

I have been here ovr a year and way down so
nice to see a bit of blue. Don't know why
the sudden interest though?

[envirovision] 05/11/2010 13:37

Yes, nearly 6 million shares all buys gone through at 7p so far.

[ted1806] 05/11/2010 13:13

Serious buying going on again here today.
About time really, good news everywhere this week.
Spread really tight again ready to pop?

[envirovision] 05/11/2010 12:43

ps only 100K left at 7p then its 7.2p (the 150K was me).

[envirovision] 05/11/2010 12:42

Well they still yield near 10% even after the recent rise. Clearly value here. One of Simon Gordons picks back when they were over 8p, he comments in todays IC how overdone the fall is and what a good medium term buy they should turn out to be.

[hybrasil] 05/11/2010 06:18

if advfn figures at to the market cap are right then its £73m yesterdays trade therefore is less than 3% and we wont learn who did the trade.
The share has staged a remarkable recovery in the last few days.
Things may be turning for property. British Land hit its 52 week high yesterday.

I would be hopeful that they can hold this dividend yield

You could easily see this share double from here.