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..

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

seawall , if your talking to me ,,then its no,,sorry.

SeaWallWalker - Re the email I send to you:
It was refering back to a post ages ago on Matalan (matalan thread)
and you asked how I knew it was going to fall back or something pricewise,
I only recently saw that post of yours and mine was to say basically
I didn't Know as such, so you didn't miss a trend or piece of news or anything!
The comment was based like a lot of my trading just on an instinct
which proved at that time to be right by coincidence.
I just didn't want you to think I had ignored your question from before.

I am okay stockbunny.

These threads are difficult to keep a track of.

Good instinct and thanks for replying.

An article in the sunday times ,says its not looking to good on the pension front at bfp ..

I know.....it's close to decision time on these..and they had been
starting to gain little bits too.... :>(