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I would imagine that toady's drop in sp is due to Ladbrokes extremely cautious approach to regulation, with the firm making it clear that they won't take on any unneccessary risk with non-organic growth, hence SBT's decision to look to get out of Turkey.
It's certainly odd, as to my mind it's pretty much a done deal but the SBT sp doesn't seem able to move any higher than the mid-50's. I'd imagine that as soon as the market gets wind of a deal about to be announced we'll see this creep up towards 60p before taking off towards a potential 90p T/O price.
On the contrary, the fact that the 888 deal didn't move forward means that there's ever more pressure on Ladbrokes to seal a deal with SBT quickly, given that the longer they delay the inevitable, the further William Hill continue to power ahead in the online sector. Whilst I don't think we'll see anything tomorrow, a deal should be announced soon.
I think it would be a major surprise for Ladbrokes to announce a deal tomorrow, given the uncertainty around SBT's Turkish operation and how they're going to proceed on that front in terms of a sale. Hopefully there will be a decent update however, which goes further than the usual 'discussions are continuing', which we all know anyway. It'll be interesting to see which way both companies SP' go tomorrow on the update. GLA
Starting to recover from the opening fall. With the exception of the Aerospace division it looks to be a decent set of reults and in fairness the wealth of new orders in Aviatation won't start to impact revenues until next year at the earliest I'd imagine.
UBS has upgraded GKN ahead of its interim results, which are due tomorrow, with a target price of 250p. Hopefully this will start to rise again as there's a fundamentally solid business here, which just about everyone is tipping at the moment.
That's two sizeable acquisitions in as many weeks for GKN now, which shows that thery're clearly looking to expand the business. Also interesting that they're high-quality German-based firms - keen to see what the market makes of the news as the sp has taken a bit of a battering in the past two or three days.
http://www.investegate.co.uk/article.aspx?id=20110722090525P503D&fe=1 Standard Life Investments has increased its holding to over 12% of GKN now.
Not sure, possibly owing to the low volumes? I've just bought 17,500 and it's showing as a sell on other sites tho', which just goes to show how inaccurate the recent trades can be. Anyone else invested here, very quiet board.
The beauty of Mulberry is that they've barely scratched the surface in China and other markets where demand for luxury British brands such as Burberry is sky-high right now and shows no sign of slowing down as per Burberry's results today. For me, this is a great share and a great British brand - the expansion of the Somerset factory to keep up with demand is also great news for the broader economy.
I was hoping for an RNS announcement this morning from either party. Dissapointing drop tho' either way. There have been plenty of these form 8.5's announced around disclosure but I'm not totally up to speed with what they tell us... anyone able to assit?
FORM 8 (OPD) PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER http://www.investegate.co.uk/Article.aspx?id=201107050700087566J Doesn't give much away, can anyone shed any light on this one?...