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a short might be appropriate (e.g. 1940-1840)?

455p

the 5% spread sucks.

Yes, it's quite mental. RBS were getting some stick for backing Kraft (maybe other contenders too) whose strategy, given the chance, would understandably include moving production abroad and finding economies of scale. So you have banks bailed out and buoyed up by tax-payers offering foreign groups cheap loans so that they can reduce the UK's employment level and tax revenue over time. It's ironic, for now, but eventually the cheap money will be mopped up. The QE will be reduced, interest will start to be charged and the predators' market caps will drop (along with Cadbury's) making it harder to do the deal. Roll on, Crunch part II.

I still think that the Geffen guy was a buffoon to say that offering £16bn for some confectionary brands was comparable with offering a bag of chips for the Crown Jewels. Maybe try reading next time...it doesn't hurt.

I appreciate the analysis/comments. I am short from 215p, looking for 25 or 35 pence. (I am therefore presumably nuts... or have some)

today

"Robin Geffen, managing director at Neptune Investment Management, which has boosted its Cadbury stake recently, said: “The current share price, which is well in excess of the derisory Kraft offer, offers good value. Asking Cadbury’s shareholders to give away the company at Kraft’s bid is about as appropriate as asking the Queen to give away the Crown Jewels for the price of a bag of chips.”" If the offer, worth about 720p per share (cf. Kraft price and FX rate) really is DERISORY, like everyone is saying, why was the share priced at 570p just weeks ago?! It's all BS and its going back down when Kraft goes off the boil...they're simmering down already. http://business.timesonline.co.uk/tol/business/industry_sectors/consumer_goods/article6913196.ece

Yeah, its like Kraft have stopped the music, closed the bar but the CBRY people haven't noticed that the party's over. I said some time ago that £8+ will seem like a dream and holders will wonder why they didn't sell then. I agree with the CBRY Board that independence is best for the CBRY company (and the shareholders) long-term but that could mean that the share price returns sub £6 in the short term.

where are the CBRY bulls?

continued.../ VAT going up and more job losses, oh la-la. (head shake, tut)

Sage - me too, nice one mate. Rubes - no, not today but soon. The rug will soon be pulled, no more cash for clunkers from the govt and Recession II is coming.

I hope that you got your toe or half of one leg in at 450p just now. I did and will take more if I get a chance at 415p et cetera.

I reckon this Curly Wurly has started to go a bit soft.

20p for shares of INCH

lovely jubbly

86p

I was doubtless missing many points. It sounds like you know your onions, so bravo. Isn't it great how banks diversify into everything at the top of the market and then give it away at the bottom. Smart, no wonder they get the bonuses.

This £22M was what I referred to as the dowry. If the market is not recovering, LSL will have their fixed and variable costs to pay, they will not be able to walk away from HEAL and simply write off the £1 punt. I return to my initial statements that it is a good deal if recovery is around the corner. LLOY have as much as said it is not. LSL have staked more than £1 that it is.

Yep, so are Lloyds dummies?