Anyone notice the exratordinary volumes yesterday? (10/5/2004)

48 million!!!

Many more buys than sells.

That and the price held out only losing a fraction of a penny.

No Easter Eggs in sight in my local store.

May be one reason but............

Any ideas people?

ok looks good just found this dated TODAY 28/1/05........

But the sessions speculative focus was provided by Woolworths, which rallied to its best level since this months downbeat Christmas trading statement, up 1p at 39p on brisk turnover in 75.7 million shares, or 5 per cent of its outstanding equity. Dealers attributed most of the volume to Goldman Sachs, although it was not clear whether the US investment bank was acting on behalf of its proprietary desk or a client.

http://business.timesonline.co.uk/article/0,,8211-1459833,00.html

Certainly does.

Watch it go on the strength of that.

All imho etc........

Go on fill your boots & take the offer if there is one.

Thanks for the update babykitcat - volumes still high today
and some of the trades are big numbers, not just the usual small
or private investor type numbers - who knows......

going 2 stick with this i was going 2 get out @ 42 and the way its going could be monday after we see papers on sat/sun but im now going to stick with it for next week at least.
knowing me i will pull out and then whooooosh up it goes.
may be i can pull out now and take a cut of every 1's profits as it goes up LOL

daily mail!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WOOLWORTHS (rumours that a private equity group - possibly Apax - is stakebuilding before launching a full-scale cash offer in the region of 60p a share)
will be VERY interesting to see what happen later on TODAY or MONDAY

Thanks for the update babykitcat - I wish the sceptic in me
would accept such a high offer was possible, but sadly it's
just not willing to. Not to say a bid might not come in, but
at that price.......I'm still in for now, but not too long now
been holding these for longer then is ideal anyway partly in the hope
of a bid and that was when they still had the more attractive BigW
stores to barter with.

cant remember the last time the shares even hit anywere near 50p let alone 60p

It hasn't happened in my memory either - has hit 47-48p before
it's one where it may possibly pay to have your own target
price or watch it very carefully cos if these rumours fade it
could drop very quickly....

I keep a record of closing mid-prices babykitcat
Looking back I bought in May '03
Sept '03 - it had a spell of hitting 45p
As far as 48.75p in the October '03
Fell back in the Nov '03
Touched 47.5p in Jan '04 & fell back over next 2 months.
June '04 - holding well at 45-46p
and fell back again
Sept '04 - back up to those levels again
and as you know has been falling back until recently
So I assume the 48p markers were either shortlived or 2002

It all off its m & s there after.


Only joking.

That'll do now David!
Or I'll be after you with the soda syphon!
;>)

Well, here the back up to the above.

60p is an okay price, I would expect a 40% premium on the price. Also if it is set that high it may eliminate any other interest and prevent an aucton..

Watch it go tomorrow then!

Apax sizing up Woolworths bid - report
AFX


LONDON (AFX) - Private Equity group Apax Partners is considering a leveraged buyout of UK retailer Woolworth, The Business newspaper reported without citing sources.

The private equity group is running a slide-rule over the company -- which reported flat Christmas trading at its main stores -- but has yet to decide whether to table a bid, the paper added.

Apax refused to comment on market speculation last week that it was planning to table a 60 pence per share bid for the business, valuing it at roughly 700 mln stg.

etain.lavelle@afxnews.com

el/bam

Still in.Added at recent 38

Apax sizing up Woolworths bid - report
AFX


LONDON (AFX) - Private Equity group Apax Partners is considering a leveraged buyout of UK retailer Woolworth, The Business newspaper reported without citing sources.

The private equity group is running a slide-rule over the company -- which reported flat Christmas trading at its main stores -- but has yet to decide whether to table a bid, the paper added.

Apax refused to comment on market speculation last week that it was planning to table a 60 pence per share bid for the business, valuing it at roughly 700 mln stg.

etain.lavelle@afxnews.com

Bish bang.

lol

"Nice"

Market was slow to catch onto this one.

How unusual!

keer ching