Member Info for Preston

You could be right on that front. My take is that SBT is a rock solid business regardless and it is Ladbrokes who are now under immense pressure to conclude the deal given their recent form with the 888 talks, which came to nothing.

Agree entirely – Dessie, I’m hardly providing investment advice so don’t come on here telling me to get a grip! I was present at Ladbrokes recent analyst presentation, know the sector well and am firmly of the mind that a takeover of SBT will happen, it’s just a question of when. If people are foolish enough to invest based on something I have written on a forum such as this then more fool them! Anyway, I see we’re starting to creep back towards 50p.

By now, I think that the market sees this as a done deal so the price reflects the current situation, I personally don't see this moving north until an announcement is made. Sure it'll sneak back up past the 50p mark today tho'.

http://www.investegate.co.uk/Article.aspx?id=201109290700281439P

Didn't see today's fall coming. GVC report interims tomorrow so let's see what they update with. The clock's ticking on this one...

Whilst I sincerely hope they don't, you'll be getting yourself a real bargain if they do. The fundamentals are absolutely rock solid with GKN, it's just a matter of time before the sp recovers from these recent falls. I'm going to try and free up some cash to average down as I definitely see this as a long-term play and at these levels it's criminally cheap.

Released today but show very little activity with the company stating that given the economic uncertainty they're conserving cash.

http://www.investegate.co.uk/article.aspx?id=201109260700208947O&fe=1

Amusing to see that Evolution see this with a target of 175p whilst JPM have opted for 114p. Summarises the beauty of the stock markets, "one giant casino".

Looks like Norges Bank has topped up with just shy of another million shares. Clearly bargains to be had still.

http://www.investegate.co.uk/Article.aspx?id=201109231410468465O

I wonder what odds you'd get on this going through...

I saw yesterday that Ladbrokes have their IMS on Thursday 13th October, which given the takeover deadline of 17th October, if they haven't already wrapped up the deal there will be plenty of pressure on them to do so or at the very least let the market know which way it's going to go. Interesting times ahead. GLA

Pretty sure that the outcome won't be the same this time around tho', I reckon the markets would hammer Ladbrokes if they pull out of this one, as they're clearly lagging behind William Hill and if they choose not to pursue SPD, then where do they go next? Whilst I don't know when an announcement will be made, I have every confidence that this will happen.

Getting pretty fed up with this share - no news since the launch and the price is just being pulled further and further down given the broader state of the markets. Some kind of update would be helpful.

Interestingly Goldman Sachs has reduced its exposure to Ladbrokes by 13m shares today, which might show that a deal is imminent and that the market expects Ladbrokes to have to overpay way beyond the 72p being bandied about to secure a deal. Having said that, BlackRock has just increased its stake by 6m shares?!...

I don't know where the Times get 72p from as this strikes me as far too low for Ladbrokes to secure a takeover, given the underlying strength of the Sportingbet business. The deal seems to have dragged on forever tho' so it will be nice when we see what the opening offer is and whether or not a second party come to the table.

Absolutely, be interesting to see where this closes in 10 minutes.

Saw this too, it's baffling as to why this hasn't recovered the losses from a few weeks ago when the macro market issues were dragging everyone down. The tipsters are all over GKN yet it languishes below 200p still?!

Thanks, I missed that article. At 72p I think there's definitely the possibility of a second bidder entering the fray as that's without doubt at the cheap end of the offer spectrum and the likes of William Hill would be crazy to let SBT go for 72p a share without tabling any form of bid given the previous talk of 80p+. Either way it's game on for those holding this share