ripley94
24 Feb 2019
Just read offer was increased Aug 2016 to 227p ( 225 + 2p div ) after pressure from US activist investor Elliott buying up a big holding maybe why from memory i thought i had come away even .
ripley94
23 Feb 2019
Can see old share chart lse .. ( PLND )... I see on this site "back in" 24 April 2015 ( must have been about 324p ? ) posts 20&21st Jan 2016 ( must have been thinking about it ) below, top up 26 Jan 2016 141p .. so if i made same investment average 232p lost on it about 5% if offer was paid out at 220p . looks like i was in and out before so might of come away even .
anotherholidayman
04 Oct 2016
Re: Looking cheap! 225p
Ripley94
03 Oct 2016
Re: Looking cheap! Seem to have got a payment today for my holding .... was it 220 per share ?
Andy_F
20 Jul 2016
Re: Major interest notification I bought in rather late at 1.84, expecting there would be another offer. I logged in today expecting to sell at 222, and was greeted with dozens of RNSs from major investors. There must be a reasonable expectation of a better price for all those IIs to be trading this week.Hanging on for a few more %Andy
frankobe
18 Jul 2016
Major interest notification Elliott now has 16.37% of the company. Things getting interesting. Let's hope a higher offer price ensues.
frankobe
15 Jul 2016
Stakebuiding - Reuters U.S. activist investor Elliott Capital Advisors LP has amassed a 13.2 percent stake in British discount chain Poundland Group Plc, according to a UK regulatory filing on Thursday.On Wednesday, Poundland agreed to be bought by South African retailer Steinhoff International Holdings NV for about $800 million, giving Steinhoff more than 900 shops in Britain, Ireland and Spain. It is the biggest takeover of a listed British company since a vote on June 23 to leave the European Union.(Reporting by Rama Venkat Raman in Bengaluru; Editing by Richard Chang)Motive? I can't imagine anybody buying at 224 knowing they'll have to sell at 222 in a few weeks time!
megaloss
14 Jul 2016
Re: Low ball offer I'm quite happy about this offer even though I've lost more than a quid a share, at least it's cut my losses on what has turned out to be one of my more stupid investment decisions. There was no way I was ever going to recoup all my losses.IPOs on AIM sem to be priced solely to satisfy the greed of the founder shareholders, a fact that I should have learned long ago!
lawdoc
13 Jul 2016
Re: Low ball offer "Commenting on the Poundland deal, Steinhoff’s chief executive, Markus Jooste, said: “Steinhoff recognises the strength and value of the Poundland management team and anticipates that they will play a key role in the ongoing growth and development of Poundland as part of the Steinhoff group."Yes Frankobe, it does appear as if mgmt sold out shareholders to protect their own jobs and take their profits. I feel sorry for all those who bought at the IPO price of 300p. Hopefully, some of the institution hold out for more.
frankobe
13 Jul 2016
Low ball offer A recommended offer of 220p plus a 2p dividend!The BOD must have been looked after and recommended this low offer. In their own words the timing is opportunistic. Let's hope the big holders reject it and hold out for more.
jey80
13 Jul 2016
Well done!!!! Hey
Eagerbeaver66
12 Jul 2016
Re: bid coming at £600+ mill... Te... I believe he is obliged to bid at or above the highest price he has bought shares at in the past x? months, - and he probably bought some around 220 before the brexit vote.Even at 220 I imagine it still looks cheap for him, since he is looking inward as a dollar investor, and the Sterling value of his original $ budget figure is probably equivalent to 250 by now - although obviously he's not going to offer more than he needs to, He is clearly still interested as he continues to buy despite the Brexit result, so let him negotiate with Poundland management to see how much he is prepared to offer to get a board-approved bid.
nk1999
10 Jul 2016
Re: bid coming at £600+ mill... Telegr... I hope they are right.BTW, 600m equates to 224p per share. Although less than the heady days of past, it is still much better than ~180p current price.If no bid then, obviously, expect a sharp fall.But Steinhoff have been increasing their holding, so seem to be certainly interested.nk
Jay K2
10 Jul 2016
bid coming at £600+ mill... Telegraph Steinhoff finalises Poundland bid ahead of deadline Poundland is being circled by South Africa's Steinhoff Ashley Armstrong 9 JULY 2016 • 7
0PMSteinhoff is applying the final touches to a £600m-plus takeover approach for Poundland ahead of this Wednesday’s bid deadline, as it pushes ahead with ambitious plans to ramp up its UK presence.The South African conglomerate is hoping that it is third time lucky after failing with attempts to take over Argos-owner Home Retail Group and electricals firm Darty.Steinhoff’s previous Poundland proposal was snubbed by the board. It is understood that management views the move as opportunistic following a turbulent year for the company.Poundland could become a multi-price retailer if Steinhoff grabs the companyOn the day of the EU vote result Steinhoff said it was “considering” its position on Poundland but has since continued to buy more shares taking its holding to 23.6pc.Analysts thought Steinhoff would have to offer between 220p and 230p a share but Poundland’s shares were battered in a post-Brexit retail sell-off and have been hovering around 180p.It is understood Steinhoff is looking to turn Poundland from a single-price retailer into a multi-price chain along the lines of B&M Bargains. Analysts believe that selling a wider range at different price points would cushion it from currency swings.UBS analyst Adam Cochrane believes Steinhoff would also have a chance to introduce concessions of its burgeoning discount fashion stores Pep & Co.
frankobe
08 Jul 2016
Re: 23% Sober reading indeed but probably as worthless as most broker recommendations.Institutions now holding more than 40% of the shares bought in when they were floated a couple of years ago at 300p. Steinhoff is being opportunistic as the company suffers temporarily as it absorbs the 99p stores recently purchased. The lower pound is an added incentive to proceed with the takeover at this time."the final take-out price is not likely to be much more than 10% above the 195p Warburg achieve on Friday."The big shareholders will be laughing at Beaufort's conclusion. They'll be looking to recover at least the 300p takeup price.Not long to wait now for some news!
