Member Info for spot1034

they were up above 175p within a few months! I'm not suggesting that's going to happen again but this share can really move when it gets going. At that time, debt was way higher than now, and they had just suspended the dividend whereas they're now talking about reinstating it. In my view, they should have made a token payment this time as it might have provided a bit of support to the share price. However, we are where we are and lots of people think the present price does not reflect the value of the business. Yes, times are tough but not as tough as to warrant a rating as low as this.

a small change in sentiment is going to have a huge effect here, or the first whisper of a private equity/management buyout or interest from another party. Consolidation in the sector is the key to a healthy future here and if the market's valuation makes progress towards this goal impossible, someone is going to snap the whole company up, do the necessary deals and reap the rewards.

this share has gyrated in the past. There is no reason to believe that has ceased. It can double in a matter of weeks. I am not saying it is going to double in the next few weeks, but given the present rating it looks as if every single piece of bad news for the whole sector is priced in several times over. It might never rise back to the heady days of 700p+, but at this level some modestly favourable news could have a significant effect, and a takeover either by a private equity company or someone who wouldn't mind getting his hands on the Mirror at a knockdown price (Richard Desmond's name springs to mind) cannot be ruled out.

has been really savage, and quite unwarranted in my view. They beat many expectations and seem to have been caught by worries about circulation figures. Consolidation in the sector is almost bound to come, and TNI's name has been mentioned recently as one of the likely players. However, given the incredibly low valuation I am beginning to wonder if a predator might see value here that the stock market doesn't.

As an existing holder who is entitled to shares in the offer, it's a genuine dilemma. If it were the outgoing management it would be a no brainer - the answer would be a definite 'no way'. They've mismanaged this company for years and fleeced shareholders several times already. They would not have got another penny out of me. However the new CEO has a decent track record and has been honest enough to admit that the business model was flawed, and needs changing. Could he revive the fortunes of the company, which would make it worth taking up the offer? I really don't know what to think at this stage. It needs a lot of further thought over the next week or two.

to any new shareholders. It may be that this company has finally turned the corner and that better times are on the way, but I'm afraid those of us who have been in for many years have said the same thing so often in the past and it never actually happens. It's always 'jam tomorrow', but tomorrow never comes.

Let's all keep our fingers crossed that this isn't yet another false dawn.

Intriguing move upwardsin the past hour.

I am holding quite a sizeable chunk of HYC which I mostly purchased at around 80p in March 09. I sold about half last summer and 'transferred' into SWG, and that has worked out well. I have no intenetion of selling any and I am still hoping to add quite a lot of my SWG proceeds back to HYC in anticipation of further t/o action. However I have seen this share move a lot (both up and down) on almost no volume, and although this is a risk, I don't believe we will see any t/o activity here until the autumn due to the approaching holiday season. On that basis, and having watched this share quite closely for more than a year, I believe that a lot of yesterday's 'froth' will evaporate and we will be back below £3 by September.which will prove a better top up point. I will of-course look very silly if a t/o comes quickly, but I just don't see this holding at these levels if things go quiet for a few weeks - espacially if the market in general is weak.

well above 245p all day, which means there is still a good chance of a higher offer from URS. Could still go either way.

Well there could be a bit more in it yet, but you're taking a risk now, as it might settle around 250p if URS withdraw. It isn't a no-brainer any more, which this share has been in recent months whilst it languished at such a ridiculously low price.

Offer for the company at 210p announced this morning - a rival immeiately expresses its own interest and later buys a large wad of shares in the market at 245p, making it almost certain that it will be prepared to offer this much for the entire company. Speculation now that the orginal bidder will either match or exceed this. It's a perfect scenario for any shareholder who hasn't taken a vow of poverty!

250p looks reasonably safe if CH2M Hill have been buying at 245p in the market. Up to you, of-course but I'll be waiting to see what happens next!

There was talk of 'several' European firms having also expressed an interest but SWG preferred the two US rivals. One of them could still come forward.

http://www.investegate.co.uk/Article.aspx?id=201006281528523176O CH2M Hill annouce purchase of nearly 13% at 245p.

Just at the time the CH2M Hill guys are probably discussing it across the pond!!

Somewhere between 150p and 200p I reckon. Nearer the latter if there is more than one party interested. I'd say also that if there have been approaches from more than one potential suitor, we are likely to hear something sooner rather than later. Whoever has made the approach is probably studying the books right now. Results are due three weeks from today but could be brought out early if an offer is agreed.

RNS informing that the company has received 'approaches' which may head to a bid. Note use of plural! http://www.investegate.co.uk/Article.aspx?id=201006071501401878N

After a very quiet couple of weeks, things have suddenly sprung to life here with some huge buys going through.

Sounds like them, yes. They have done quite a lot for Torbay council if you look at the news section of their website www.scottwilson.com