Ok so the figures sounded OK, but the share price today looks
very temptingly cheap - down to 93p last time I looked, it has
been up there 150p or so, and pays a divi.

So anyone hold these and if you do, what's your views?
I'll dig out the share price chart and paste it up in a mo..

An offer from Bauger at 110p per share is daylight robbery.

I hope the company tell them to get lost!

sw,,,your right its a rip off, i fear if it wont get the nod,,,,,,,,,,,they mite cut and run & dump the lot,,,,they will get a nice profit because a lot of there buys where double figure number deals,but you just never no ??????.

True

The problem with this one is that with an up and coming profit warning, any subsequent pull out by Bauger would see the price drop through the floor.
That could mean another bid later for much less than 110p. Bad news on this share I feel.

Another idea is an increased offer after the 110p being rejected. I do not think that will happen much past 120p. It is clear that this is an oportunist bid for the Company, the result depends on the Boards belief that they can turn the Company around. I think they can but they need time to do it.

Option 3 is that we buy once the dust has settled at relatively cheap price and hold long term.

I would be looking to buy in at 60p or less if option 1 comes into play, if option 2 is the result, we stand at the quayside waving bye bye!

Just seen this as the last update yesterday, to me it reads that they will accept 110p, the weak Fools......................

Big Food confirms suitor is Baugur UPDATE
AFX


(Adds current trading)



LONDON (AFX) - Big Food Group PLC confirmed that it has received a preliminary approach from Baugur Group hf about a possible offer at 110 pence per shares in cash.

Earlier today, the company's shares surged after it said it was in offer talks, although it did not name the suitor.

The owner of the retailing chain Iceland and Booker wholesale business added that grocery trading remains difficult, hit by bad weather, with like-for-like sales for the 10 weeks to Sept 10 down 3.2 pct.

'The environment has also continued to be challenging in the light of consolidation in the grocery market and increasing price competition, which is expected to continue,' it said.

In the 23 weeks to Sept 10, like-for-like sales were down 1.7 pct.

Average net debt for the 23 weeks to Sept 10 was about 245 mln stg.

bam

We need someone like Somerfield to get interested, or a consortium
of the real 'biggies' in the sector to come in and carve the whole
group up, so each gets a few more convenience sized stores in prime
locations - they all seem to want them and it would work competition
wise if they were all involved.

However the chances of that happening are anyone's guess.

bunny,have you heard the stories,about malcolm walker.....making a play for some of the iceland stores!!!!!!!!!!!!!!!there my be some truth in it,malcolm walker,lives not to fae from me,and his cooltrader frozen food stores are in direct competition with iceland.store for store in each town there in together cooltrader wins hands down.there`s a few about in north wales,and merseyside region`s,and he is allways looking to open others,where there are iceland stores..

ps i see him sometimes in his bentley,,,,,and he also has one of them new rolls,royces,,,,,,,silver ,,,,big bugger`s.

Financial times Saturday says:-

Baugur/Big Food Group - a bid of 110p from Baugur, putting the shares on a 2005 P/E of 9.7 would be decent

I say think again!

I read that too - bottom line we will have to wait and see what goes on the table and hope it's more then frozen chips and burgers!

So, the writing was on the wall!

I hope I never invest in any company that this board have to do with again.

No confidence in themselves or their own abilites.

Recommedation now sell. I never did like Pingu...........

Big Food says it would recommend Baugur bid at 110p/share
AFX


LONDON (AFX) - Big Food Group PLC said it would recommend a bid from Icelandic retailer Baugur at 110 pence per share if the offer were made today.

The statement was made at the request of the Takeover Panel following recent press speculation.

BFG announced last Friday that it had agreed to let Baugur carry out due diligence on the company in view of its proposal to make an offer worth 110 pence a share.

newsdesk@afxnews.com

ak/

talk about run it to the ground,what a bunch of clowns,i dont think they want it to work. they have shops , people like ,asda,sainsburys,tesco,,would love to have,,,,,,,,,,just look at there locations in the community,,,,,,,,,prime sites.

I read somewhere that Walker was to buy 500/750 stores. Presumably Baugur will flog the rest to Tesco/Sainsbury and run Booker themselves or sell that too. It's an asset strip. Hope someone else pretends to be interested like HBOS/Abbey, then we can all sell out at a good premium.

FT

Ok but so far am I right in thinking nothing is actually on the table?
The board have said thats what they would recommend - but I'd recommend
a condo. in Brazil but that doesn't mean it's on offer...Let's see, I can
understand the feelings of outrage at the apparent sell-out approach, I
agree, but until "the fat lady sings" it ain't over guys...and you never
know someone else just might come in yet.......:>)

Seawallwalker - hey Pingu says he's cute and has no connection to the board.
;>)

price is going down now,,,,,thank god i cut and ran!!!!!!!!walker!!!!!!!!walker.

Dave - the price is off the high for today, but still up on last night.
Chill, go have a beer......;>)

are you still in bfp,bunny.i am still waiting for a price drop on brjk,,so i am holding fire for now,,but it my be today/tomorrow.

Yes I'm still in there on this one for my sins LOL

I am not here today so I can not answer any of you.

LOL good one seawallwalker!! ;>)

Yet more poor results today!

Good news is that they are still in talks with Baugur who were reported at the weekend to have lowered their 110p offer per share on the back of poor results.

I say I am glad to no longer not to hold these, what say you Dave?

Been having a look at these recently with the bid in mind, but after these results no way! Take away the bid talks and we could be looking at 40p or less.

I'm impressed, far from dropping through the floor, this one is holdingon.......for now!

Latest news is that poor profits may jepordise the takeover talks.

Good old Baugur, seen the light???

Look out 40p..........