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..

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

Agreed and there's always the potential to re-sell the stores and
what that is worth - personally I don't think sales are necessarily
of interest to a potential bidder, it could be more what the group
could fetch if sold piece by piece to the other big players.
But of course this is based on nothing but pure speculation...

lucky to be out at 95.25,,,,,,risky now with all this uncertainty about .

Any body else sold yet , read a paper today and it said they where losing sales to arch rival farm foods,,,,none near me!!!!!

There is near me.

Thyey stock smaller cheaper packages generally.

Can't see why they would in competition though!

More likely cheaper for the small trader to buy at Tesco rather than Booker, I think.

Morning sw,,are they a big outfit farm foods,is it another discount freezer shop.

I thought Farm Foods used to be stocked as a cheapie brand by Asda,
I wonder if we are talking about the same firm?

Pass

Bunny,mite be .

Farm foods // farm stores,,i can see the link,,if its that.

I dont see the point of asda doing a cheap small store , after all there cheap on a large scale.

And another point ,,i have heard a rummor that wallmart-asda,would like to move out of food over here,,and do the american thing ,everything but food!!check your local store,you will notice it already.

Could well be Dave and NO I can't see Walmart getting into anything
on a small scale - in fact I don't think they would know what to do
with tiny stores, let's be honest it would be really foreign to them
to operate in such a way - no too much hassle from their perspective.

SeaWallWalker - did you get my email via the BB

A bit off topic for here, but I just can't see the logic of asda / wal mart getting out of food. Yes it's a tough business but if they go into other things instead, (rather than as well) they have somehow got to attract millions of customers to their edge or out of town stores to buy the things. I think, just like Tesco, they will use their branding to sell more other items to their regular foot fall of weekly customers.

Wal mart / asda are just starting trialling a non-food store somewhere up north I think, (sounds a bit like woollies really), but apparently early indications are very positive. Interestingly they are using mezzanine floors to almost double up on selling space, (and get around the archaic planning system to increase sales space without increase land use).

If this works then this could spur them on to making a bid for either Matalan, (yes I know, yawn yawn, heard it all before) or Kingfisher for woollies, less likely imho as they have relatively small stores and relatively expensive high street space).

Incidentally I never understood why Tesco don't buy WHSmith for its high street presence, rebrand as Tesco metro to sell lunchtime foods, as well as books, papers. wouldn't this fill the gap between TEsco normal and their expanding convenience shops?


OK, random thoughts over. I bought BFP end of week before last. Anyone any idea when Bauger are going to finish due diligence and put up or run away ?

"OK, random thoughts over. I bought BFP end of week before last. Anyone any idea when Bauger are going to finish due diligence and put up or run away?"

Paul if you get to know anything please send me a private email, preferably the day before the event. Thanks kindly, I will see you OK :-))

Posted just for the laugh Paul. I think we all need one it's been a miserable day. Good luck with your buy.
opto

Paul30661,they can take mtn if they want above 2.80 fine by me ,, just a thought,i bet they would make more money on a fridge , than a bag of spuds , there`s not much money on food , Take a high street store comet walk in any week day and there wont be any more than 10 in what ever time a day it is weekend will be different.
On wallmart asda,i have been to liverpool today,and been to there stand alone george store,packed to the rafters,if you did a head count of how many people where in at any one time i would of said over 150 people where in , when i was there.
If you did a costing of the a/b {average basket}i would of said 20 minimum in each.
This is all a bit heavy for a saturday night,cheer`s for the info all the same.From a none bfp holder,,,,ffeeww.

stockbunny, no sign of it!!

stockbunny - 22 Oct'04 - 16:24 - 142 of 145


Could well be Dave and NO I can't see Walmart getting into anything
on a small scale - in fact I don't think they would know what to do
with tiny stores, let's be honest it would be really foreign to them
to operate in such a way - no too much hassle from their perspective.

SeaWallWalker - did you get my email via the BB