Member Info for Bonz1957

Are you watching?? All we need now is a good set of results next month.

Nice to see at least one share swimming against the tide!! FTSE down 400 points in a fortnight, MCB +5p. Could an all time high be on the cards? This reached 261.5p on 25/5/07. Interim results out next Thurs 04/02.

Kraft shares in the US currently up 1.86%, meaning a little more for us. The smart money would seem to be to take extra Kraft shares in the mix-and-match option and then to sell them in the free share dealing period. That way we should get more than the maximum 799p if we take cash. Guess we won't know until after the event!!! It will be very interesting to see if they get 50% + 1 acceptances by 1.00pm on 02/02.

You may wish to get a second opinion, but my reading of the Kraft announcement is that 799p is the maximun cash you will receive, assuming there are enough people wanting to take extra shares and forfeiting some of their cash. If you have already elected to take cash then you will have to inform them that you have changed your mind and ask for your shares back before you are able to sell them. And this has to be done before 1.00pm on 02/02. The piece below is taken from the previously listed link, and can also be found on the Kraft website: http://www.kraftfoodscompany.com/Investor/index.aspx Read the 22/01/10 Offer Update. Cadbury Shareholders (except for Cadbury US Shareholders, Cadbury Canadian Shareholders and Cadbury ADS Holders) who have already made an election under the Mix and Match Facility and wish to change or withdraw it should contact the Receiving Agent, Computershare Investor Services PLC on 0870 889 3144 (+44 870 889 3144 if calling from overseas) as soon as possible. Cadbury US Shareholders, Cadbury Canadian Shareholders and Cadbury ADS Holders should contact the US Information Agent, Georgeson Inc. (tel: from outside the US, +1 212 806 6859 and from inside the US, 800 868 1391). Hope this answers your questions. As we are at the mercy of the Kraft share price and the $/£ exchange rate it is almost impossible to guess the right way to play this one. For what it is worth, I will be accepting the basic offer and selling my Kraft shares as soon as I can. But, I will only be accepting the offer once it has already been declared unconditional, which is likely to also be on 02/02. I will hold on to my shares for as long as possible just in case there is a chance this takeover fails.

Below are details of the 'Free Dealing Facility' taken from this link. http://phx.corporate-ir.net/phoenix.zhtml?c=129070&p=irol-newsArticle&ID=1378109 Dealing Facilities Dealing facilities will be available to accepting Cadbury Securityholders who hold their shares in certificated form. For Cadbury Shareholders in many jurisdictions, including the UK and Ireland, these facilities will be free for the first dealing through such facilities, provided such dealing is effected within six weeks of the Offer becoming or being declared wholly unconditional. This is set out in further detail below. Accepting Cadbury Securityholders in the jurisdictions listed in the definition of "CSN Permitted Jurisdiction" in the Original Offer Document (including the United Kingdom and Ireland) who currently hold their shares in certificated form will not be issued New Kraft Foods Shares, the holding and trading of which may involve unfamiliar formalities for non-US investors. Instead they will be issued Kraft Foods CDIs, which represent an entitlement to the underlying New Kraft Foods Shares. As the Kraft Foods CDIs can only be held through CREST, Kraft Foods will arrange for Computershare to hold these CDIs in a CSN Facility. Participants in the CSN Facility who want to realise cash for their Kraft Foods CDIs may take advantage of a dealing facility that will be provided by Computershare. The terms and conditions of this dealing facility are available on the Computershare website at www-uk.computershare.com/Investor/ShareDealing.asp. It should be noted that certain fees will apply to dealings through this facility. However, participants in the CSN Facility will not be charged fees in respect of their first dealing through this facility, provided such dealing is effected within six weeks of the Final Offer becoming or being declared wholly unconditional.

The current offer is 827p per share or less depending on the value of Kraft shares. If you were to elect to take extra cash in lieu of Kraft shares the maximum cash payout you would recieve would be 799p!! Below is a link to a Kraft announcement dated 22/01/10, with the main points pasted underneath. http://phx.corporate-ir.net/phoenix.zhtml?c=129070&p=irol-newsArticle&ID=1378109 UPDATE ON THE MIX AND MATCH FACILITY Under the terms of the Final Offer, the Mix and Match Facility allows for accepting Cadbury Securityholders to elect to vary the proportions in which they receive New Kraft Foods Shares and cash consideration, subject to other Cadbury Securityholders making off-setting elections. The reference share price and exchange rate of the Mix and Match Facility were set on 1 December 2009, the last practicable date prior to the publication of Kraft's Original Offer Document. For certain legal and technical reasons it was not possible to update this when the Final Offer was announced. On 1 December 2009, the Kraft share price was $26.50 and the USD/GBP exchange rate was $1.6627 per GBP 1.00. Cadbury Securityholders who elect for additional cash under the Mix and Match Facility (providing that there are sufficient off-setting elections for shares) would receive 799 pence per Cadbury Share in cash and 3,195 pence per Cadbury ADS in cash (excluding in each case the Special Dividend of 10 pence per Cadbury Share). By contrast, the Final Offer's current value is 827 pence per Cadbury Share and 3,308 pence per Cadbury ADS (excluding in each case the Special Dividend of 10 pence per Cadbury Share)(1). The Final Offer's value will change as the Kraft Foods share price and the USD/GBP exchange rate change. Therefore, Cadbury Securityholders should note that the Final Offer's value is presently higher than the value they may receive by electing for additional cash under the Mix and Match Facility. Cadbury Securityholders who prefer cash to New Kraft Foods Shares may be able to realise greater value by accepting the basic terms of the Final Offer and then selling their New Kraft Foods Shares in the market than they would realise by electing for additional cash under the Mix and Match Facility. This will depend upon the price of New Kraft Foods Shares and the exchange rate prevailing at the time of sale. There can be no certainty regarding the total amount of cash which Cadbury Securityholders will receive through selling in the market and Kraft makes no recommendation as to the course of action which Cadbury Securityholders should take. As ever DYOR and best of luck with this one. If the Kraft share price continues to fall they will indeed be getting Cadburys on the cheap. The best option may well be to hang on to the Kraft shares for as long as possible within the 'free share dealing' window - if indeed one is offered - and hope the Kraft price goes up.

If we all take up the offer of 840p + 10p div then of course the price will dip. It will dip to 0p as the share will be de-listed. Cadbury will not exist anymore as an independant company. Don't understand your point. It's a takeover. Don't really care what happens to the Polish factories. As long as they keep a couple open here to carry on making CDM to the same recipe then I will be happy. If they don't then I will switch to Galaxy, and Kraft will have lost me as a consumer.

Buried deep in the offer document is this: 15. Small Dealing Facility Subject to clarifying certain legal and regulatory considerations and with the agreement of the Panel, Kraft Foods has agreed to consider offering a free dealing facility to Cadbury Shareholders who own not more than 10,000 Cadbury Shares under which the New Kraft Foods Shares to which such Cadbury Shareholders become entitled under the Final Offer may be sold for their benefit at no cost. Details of such facility, if provided, will be communicated to Cadbury Shareholders in due course. So hopefully we will not have to end up with Kraft shares. Having been stuck with Yank shares in the past after takeovers or demergers I will get rid of them as soon as possible. The problem is you are at the mercy of the £/$ exchange rate, the share price and exchange rate never seem to both work in your favour.

I read your post last week as if you were suggesting they would close down Cadburys to force people to buy Kraft products instead. I certainly did not mean to infer you were stupid, so apologies if that's how you took my comments. The Cadbury name will live on long after we have gone regardless of who makes the filling inside the wrapper. The big question is how much production will stay in this country, and how faithful they will stick to the current recipes. I commented on the fact that Hershey make CDM and Creme Eggs in the USA under licence, only to have someone tell me that it tastes nothing like our choc. Most people know me as a big choc lover and always offer to bring me back something when they go to the states, I always refuse as I've tasted their 'Candy' before, so ask them not to bother. So apologies if I got my wires crossed, I just hope they keep one or two production facilities open her to keep all of us Brits happy.

Not wishing to be rude but do you understand what a takeover is?? If enough shareholders vote to accept the bid then Cadburys will cease to exist. Kraft will own the company and do with it what they want. It they want to keep it as a going concern and keep all the factories open they will, or they may choose to move all of the production to their own factories around the world. Either way, once they have paid everyone their 840p's and gain control of Cadbury then the Cadbury share price will be de-listed. You will not own it anymore. You will of course, should you decide to keep, them end up with some Kraft shares. That is what happens in a takeover.

The improved Kraft offer for Cadbury WAS approved on 19/01/10 by the Cadbury BoD. See RNS 7660F. The terms are £8.40 per Cadbury share plus a 10p div. The £8.40 is made up of £5 cash and 0.1874 Kraft share. As they only require 50% acceptances +1 it is almost certainly a done deal. Unless a rival bidder comes onto the scene the share price is likely to stay around the 840p level.

Have signed the petition but fear it will be in vain. Kraft only need 50% +1 to secure the deal, and the big institutions will accept for sure. I will not accept pre 2/2 which means I will have to wait a litttle longer for my money, but it's worth a try.

Yes, see my post below. There was a lot of activity over the last couple of days as people bought in to get the 52p div. Now that has passed the share returns to where it was last week.

OMG!! Now you have got me really worried. What am I to do? You know you get the stats that say everyone in the country eats 10/20/30 kilos of chocolate a year, or whatever, and you think to yourself 'well I don't eat that much so somebody is having my share'? Well, I am that person. I eat CDM by the box, have done for years, I love it. I'm just going to have to hope that they keep a factory open here or it looks like I'm going to have to make do with Galaxy or Yorkie!! Do you think I've got enough time to have a whip round a few of my choccy loving friends and put in a rival offer?

I am already in AFC - Arsenal Football Club that is, and have done very nicely out of them over the years. But I will look at the other AFC. Thanks for the tip.

Seems like I'm the only one who hadn't noticed TCO had changed in taste. I have a friend coming back from the states soon so will ask her to see if she can get me some CDM or Creme Eggs that Hershey make under licence to see if there is a difference.

Thanks. Already in VOD and HMV, will have a look at GMG. Sorry to see you voted out last night - lol!!!

The last one I had at Xmas tasted OK. I agree they are over-priced, probably why they stay on the shelves, but maybe I haven't eaten them often enough to notice a decline. Perhaps I should start laying down a supply of CDM now!!! If the taste of that ever changed what would I eat instead??

I want to keep my money invested in the FTSE, so let's start having some suggestions as to what we can buy to replace our Cadbury shares. Thorntons is the only obvious like-for-like choice, but I already have those in my portfolio. I am looking for something solid and reliable, preferably British, with a good history of growth and a good dividend. Not intersted in 1p shares that rise 1p one day only to fall back 1.5p the next!! If we all got together and agreed to buy into the same share we could push it up a few pence and make a small profit!! Happy hunting.

Buried deep in the small print of RNS 7600F, it looks like small shareholders will be given the opportunity to sell their Kraft shares free of dealing costs. It does not however say whether we will be paid in £'s or $'s. When cadbury sold off Dr Pepper Snapple we could sell the Dr P shares but received a chq in $'s. 15. Small Dealing Facility Subject to clarifying certain legal and regulatory considerations and with the agreement of the Panel, Kraft Foods has agreed to consider offering a free dealing facility to Cadbury Shareholders who own not more than 10,000 Cadbury Shares under which the New Kraft Foods Shares to which such Cadbury Shareholders become entitled under the Final Offer may be sold for their benefit at no cost. Details of such facility, if provided, will be communicated to Cadbury Shareholders in due course.