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Started: tedtfe, 7 Jun 2022 20:50
Last post: PipeDragger, 9 Jun 2022 08:01
I'm with Halifax iWeb and nothing yet. (It usually takes a while for these things to get processed - both the sending from GXO and the receiving on platform)
Hello,
has anyone received its 690 per share ? or even its 230 p per share ?
Started: tedtfe, 24 May 2022 18:21
Last post: PipeDragger, 26 May 2022 10:40
It's a bit of a muddle. I already hold some other US shares so could hold GXO - I only object to the poor value of the deal at current GXO share price. Lots of private investors won't be set up to hold US shares so dunno what happens to them. Seems a bit rubbish of a deal.
Hi all, Reading today that the all cash option was over-subscribed, and that in consequence only half will be satisfied, with remaining still receiving GXO share, that personally Barclays says it cannot trade as US share. Has anyone more clarity on ths matter ?
Started: PipeDragger, 16 May 2022 13:34
Last post: redjester, 20 May 2022 14:36
Yeah I think your maths are right. Value of the deal has dropped to about 842p.
1 Share gets you 690p + 0.0359 gxo shares ($52.90 is the current sp, so £42.39*.0359 = 152p) total is 842p.
Although if the court date is today is it not too late to elect to take the all-cash offer?
I looked at the offered options and the only one to take is the all-cash offer. GXO shares are down since they started the process so the share conversion options don't look great (or maybe I can't do the maths)
Started: PipeDragger, 21 Feb 2022 06:34
Last post: Waltzer, 13 Apr 2022 11:58
All gone very Qt !
Think you guys are wrong. The offer is for 0.034x (cant remember x number) of GXO shares per Clipper share. So ill get 9.4 shares of GXO regardless of the current GXO SP... More concerned who gets the .4 though seems a little unfair!!!
agree Oracle, the value of the GXO shares under the offer is fixed, the number of shares adjusts to fit that (which is why a value is stated in the rns, rather than a number of shares).
I read it different
"The possible offer would be at 690p in cash plus 230p of new GXO stock for each Clipper share. "
To me for each clipper share you will be given £2.30 worth of GXO shares.
So until the offer is formalised the movement in GXO share price makes no difference. In fact you want it to tank so you get more.
Once they say £2.30 of GXO shares at $X per share you can then worry about if stick goes down you are being overcharged but that is the risk you take in such cash plus share acquisitions, lest you sell out now
Roguemale1, I believe that you are quite right, as the SP of GXO drops, so does the value of the offer. Who know what the share price of GXO will be when the deal is signed? There is also the added disadvantage of paying tax on American dividends? Therefore this offer is taking CLG on the cheap, and the price is very uncertain.
Not sure what to do chaps. Thinking about voting against it tbh!! What happens if the offer is approved and we all get 230p per share in GXO shares.. what happens to any monies left over as unlikely that anybody's Clipper shares will divide exactly into GXO shares??
Started: Pluckypigeon, 21 Feb 2022 10:50
Last post: OracleofOldham, 21 Feb 2022 12:12
I would think they need to speak to HR about that.
Anyone Know if this takeover will have an impact on employee shares due to mature next month? Share-save scheme. Asking for a friend
Started: PipeDragger, 21 Feb 2022 09:51
Last post: PipeDragger, 21 Feb 2022 09:51
GXO is on a 60x P/E ratio. CLG is 40x P/E. That makes GXO expensive and CLG a bargain! There is an obvious synergy between the two businesses but it doesn't seem a great price deal for us.
Started: Roguemale1, 20 Feb 2022 12:08
Last post: Dunbot, 20 Feb 2022 22:42
1100p per share
Yep in a few places.
Shame as I saw this as a 10x stock but we'll see how it plays out
Reckons sale def on. Advisors appointed.
Roll on tomorrow!
Started: Roguemale1, 11 Feb 2022 12:09
Last post: dan23, 11 Feb 2022 16:04
Seems sector specific though. Wincanton up too?
We are always the last to know. Probably a takeover bid/rumour.
What's occuring?
Started: PipeDragger, 11 Feb 2022 15:55
Last post: PipeDragger, 11 Feb 2022 15:55
A few lines on there and we see a jump. But it could be a takeover bid coming again.....
Probably random - and not unknown with this share. The driver shortage is easing and fuel prices are steady, so macro reasons seem unlikely. Nothing bad in the news about Clipper and no RNS, so company trouble seems unlikely. Indeed, with the latest Covid wave, Clipper should be seeing an increased demand for PPE distribution and an increase in e-fulfilment, driven by more home shopping.
What’s the reason with such a drop???
Bonkers drop, but also an excellent buying opportunity.
Positive results, going ex div this week.yet no positive delayed reaction, currently a 5% + drop in SP price ! Not sure what I make of this! Can’t find any new news today, or large sells
Started: HappyFriday, 9 Dec 2021 07:52
Last post: RogueRiver, 9 Dec 2021 11:11
Bizarre movements on today’s (positive) update, but then, twas ever thus with this share. Standby for the delayed reaction (upwards).
Unfortunately while it is good results it seems nothing is going to go anywhere today...
Amazing results Clipper and Mr Parkin.
Full confidence this share is going very high today and long term. Congratulations
Started: PipeDragger, 9 Dec 2021 07:50
Last post: PipeDragger, 9 Dec 2021 07:50
EBIT, profits, dividend all up. Debt down. What's not to like?
Started: PipeDragger, 6 Dec 2021 11:07
Last post: PipeDragger, 6 Dec 2021 11:07
If anything like last set, they will be great. (Might not pull up the SP but the market is in a bit of a funk just now). Top pick in my book.
Started: DelhiBelly, 29 Nov 2021 09:47
Last post: DelhiBelly, 29 Nov 2021 09:47
At this price it’s an absolute bargain given the global growth potential, I believe the senior management know how strong the business is and has further good news in the tank given they haven’t put a date on the results . My thought following the Farfetch JV was an acquisition in Europe or further afield in order to support that contract, however even more good news on strengthening the electronic repairs proposition with stronger margins! I think they are going to surprise us with the results over the next few weeks illustrating the core organic strength of the business and growth through new contracts.
Once we get out of this covid uncertainty I think this will sit comfortably above £10+ as I’m sure they will certainly exceed broker forecasts. I also read an article on the Wippet acquisition recently & they seem to be going from strength to strength onboarding healthcare suppliers on a daily basis. Hopefully more acquisitions to come !
Started: OracleofOldham, 18 Oct 2021 00:05
Last post: OracleofOldham, 21 Oct 2021 22:11
Oh good hopefully it won't affect us then
Regards the improving recruitment though this new idea doesn't seem for allowing UK companies to hire EU drivers but for EU companies to use their current EU drivers for unlimited pick and deliveries compare to before when it was limited so do t see that being at all beneficial for UK firms
https://motortransport.co.uk/blog/2021/10/20/government-plans-for-unfettered-cabotage-will-punish-uk-hauliers-rha-tells-mps/
the RHA say it's going to punish UK hauliers so good that our company has a better moat round it than most
Hi Oracle
I don’t believe that the change to the foreign operator rules will affect Clipper at all (other than positively). Clipper’s core business is to offer long-term e-fulfilment contracts to major online retailers (including interim warehouse storage and returns processing), rather than a simple A - B transportation service. Anything that eases the current driver shortage is to be welcomed - and will help to ease driver recruitment and retention problems for any business that operates HGVs.
So Clipper seems to be doing well and I have been adding as regards Brexit and the reduced foreign logistics firms working in UK there would be more free parts of the market to grab.
However now the gov (should have known theyve buggered everything else) after pushing UK firms to increase driver wages, are now talking about allowing foreign firms back in with no visas and allow unlimited drops whilst their lorries are here.
Ignoring the question of whether stopping Freedom of movement was only meant to stop Brits going to Europe not the other way round (should have read the small print!) What are people's thoughts on how this may affect what should otherwise have been clear sailing for Clipper if we now have to compete against lower waged firms?
Currently the gov are talking about having this for 6 months but as someone famous said nothing is as permanent as a temporary government policy!
Started: Max786, 11 Oct 2021 20:30
Last post: RogueRiver, 14 Oct 2021 17:39
Nice to see the trend moving in the right direction again.
Hi,
Can anyone shed any light on why the price seems to be dropping?
Wanting to buy in, but not sure of the continuous drop?
Started: thorpyuk, 6 Oct 2021 14:55
Last post: PipeDragger, 8 Oct 2021 14:04
I think the markets are just having a wee panic attack. It will pass.
I think one of the big IIs have been reducing their position here, owing to economic headwinds (a probable impending household spending squeeze), increased fuel and power costs and driver shortages. I think these are all temporary phenomena though, resulting from the post-Covid recovery. I have topped up my holding by a third today, as I think there is only one long-term direction of travel for this share. I think we will be back in the 800s by Christmas.
Hey, what's behind the recent drop here?
Started: simonking, 6 Oct 2021 18:17
Last post: simonking, 6 Oct 2021 18:17
Having worked in the environment , they have an AWS portal which allows clients ( many household names ) to use a program called Dispatcher which controls all the Logistics and deliveries for the clients. This is a smoking volcano, ready to erupt when the client portfolio is fully online. Its not just about trucks !!!
Started: RogueRiver, 2 Sep 2021 15:24
Last post: OracleofOldham, 4 Oct 2021 10:39
it seems, from the subscriptions they are buying from us, that Clipper are doing very well for themselves.
I guess if you think about it, maybe EU companies will have stopped working in UK due to border issues so there's much more of the market to grow into.
DYOR and don't just trust a random guy on the internet, but when I have some spare cash I'll look at adding a bit to this position.
Bit of an excessive sell off if you ask me.
Still waiting to get back in at 6.50....... :)
Big drop today. Any reasons? Or just a reaction (knock on effects etc) to the MSM fuel shortage propaganda?
Sell more to help the rest of us ;)
Started: HappyFriday, 17 Aug 2021 14:14
Last post: HappyFriday, 25 Aug 2021 08:49
What a wonderful RNS and year for Clipper. Congratulations Clipper.
I think the market may have priced in any possible negatives, given that the sp seems to have settled in the early 800s. The results might mention increasing fuel costs and the possibility of future driver shortages, but I doubt there will be anything to dramatically throw the sp.
Thanks GMan12, I have no doubt this will be a fantastic investment and long term will give an excellent return. Many thanks for the link and also the message.
Looks like Clipper will have an exciting few years ahead!! Thanks for all the knowledge and feedback. Happy Thursday.
Clipper I feel are going to smash all forecasts…..New John Lewis contract at Bardon, New Boohoo contract (Sheffield 336), ASOS Poznan returns facility extended, River Island whole operation outsourced to Clipper recently started, JD Sports facility in Leeds just opened…..further extension of the Farfetch contract, check out DHG’s website the landlords for the Venray facility, Clipper have taken another 450,000sqft on top of the initial 300,000sqft.
Wippet will also be a game changer as well with all the experience they are getting from the PPE contracts and just look at the amount they are hiring for that Daventry facility…..Madness!
£10+ by Christmas !
Started: HappyFriday, 20 Aug 2021 09:15
Last post: HappyFriday, 20 Aug 2021 09:15
Another great contract win!
Congratulations Clipper!
Started: Kopparberg2020, 8 Jun 2021 15:54
Last post: RogueRiver, 13 Aug 2021 12:11
“John Lewis has signed a three-year lease on a 300,000 sq ft distribution centre in Bardon, Leicestershire, which it will start using this month to help deal with the busy Black Friday discount period in late November. That site will be run by the specialist Clipper Logistics.”
https://www.theguardian.com/business/2021/aug/11/covid-john-lewis-to-open-warehouse-employing-500-to-meet-online-demand
There is a Morrisons bidding war among the PE investors. We could be the next attractive target?
Sold most at £7 and still waiting to drop back below £6.50 ....... great move :)
Going to stick my neck out and say £12 by this time next year and perhaps double that in 5 years.
It briefly hit 844p on Monday, so I think that might be a realistic short-term target. Long-term, who knows? Barring any major setbacks, if growth continues at its current pace £10 seems quite possible.
Started: DelhiBelly, 16 Jun 2021 16:19
Last post: DelhiBelly, 16 Jun 2021 16:19
https://www.google.co.uk/amp/s/www.thestar.co.uk/business/fashion-giant-boohoo-arrives-in-sheffield-with-hundreds-of-new-jobs-on-offer-3274672%3famp&fbclid=IwAR2gzIJJDCmZgz2H3jtjhVvRiCcknHFDlyVGAkjaMfKa60ltvTRuIRKYNes
Clipper look to have secured another 300,000sqft worth of space next to their PLT facility.
Clipper I believe is going to fly and surpass 1Billion sooner rather than later. Wippet is going to make Clipper a real competitor to Amazon, as they must have seen a real gap in the market through all the PPE work.
I think we shall see a European/American acquisition soon too, they can’t drop that in the trading update and not be fishing.
£10 within a year I’d say.