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..

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..........

And may it hold on a bit longer please LOL

Hi all you regulars,

I am new to this board as have been starting to sniff around these given the gap between present price and potential bid price.

Ok, so am aware that bid will almost certainly not be 110 but might hopefully be near 100, though if no bid comes then southside for price could be huge.

But as Grimley said at the results, there was nothing in them that Bauger would not already be aware of, (and possibly as a 22% shareholder, they probably already knew most/all the potential nasties involved before indicating a possible bid of 110).

Surely if the results put them off bidding at all, they would announce this within say a few days or a week. If their intention is to split the group up with the founder, (sorry, can't remember his name) wanting to get his hands back on the family silver, surely the downside to their bid isn't that much ?

I was thinking of playing this with a tight stop loss. Fair enough doesn't cover a gap in the price if they pull out entirely but might cover me if the bid price 'starts with an 8 or possibly a 9' as one analyst is reporting.

Comments from you old timers (on this board anyway) gratefully received.

Paul - you have to trust your own instincts and experience on this
one and DYOR on both parties involved - potential seller and bidder,
as it really is too tight to call - it could just as easily go
belly up as not IMHO and I still own some so if anything should be
a relatively optimistic ameteur commentator.
Whatever you decide be lucky!

Many thanks for those words Stockbunny.

I can't see Bauger walking away, (who mentioned JJB, WHSmith!!!) but I can see them possibly reducing the level of their bid, (they'd be daft not to try after all, and every analyst - for what they're worth - has been saying that they will), though if they try and buy it on the cheap, this might just entice others to join, or management, (or former management) to enter the fray.

Paul, Even with a 22% holding Bauger are not under any obligation to bid, they could sit on these for weeks or months. Look at it from a bidders point of view, why bid now when the share price is likely to drift... these results are terrible for food retailing. Price is only supported by potential bid, IMO a very weak support. Must be much safer stocks for you to enter.
Regards
opto