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..

yes im still in , only got 100 though just kept them for the bookers card ,dont think i will be going on my hols with the money though lol

shonky

Shonky - a profit is a profit and an achievement regardless of
it's size, so good for you! Whatever you make on it, it will be more
then you could have made if you didn't own any at all!
There doesn't seem to be any clues as to who is bidding....or
have I missed something???

bunny,took a 400 hit,such is life.good luck to the rest of the holders.i am after some more brjk,,,,,,,but only at levels of under o.60.

stockbunny, Rumour is that it is icelandic group Bayer, it would be the icing on the cake, if we could get a second bidder showing interest,like the rumoured management buy out, some while back,but we might have to be happy with this bid. Bayer already own 22%.

roma ,i had a great run on this for about 2 years,bought at 98/sold at 177.but after i bought it ,,,,,,it went on a run down to 27 i think,,,,,,,,,then up to 180ish.good profit had first time 5k,not so good second 400 loss,but thats life.i am not so sure shareholders will be happy at 1.10ish,i no i would`nt ,,,,it could fall through . bauger,would love to own this outright,if it was on the cheap,but they cant buy vast amounts of shares because they will go over there % limit 29%.they will only take it private on the condition that they can name there price they want to offer,,,,,,,below 1.15 i would think ,but thats just my view.

any thoughts.

115p sounds cheap - but who would offer much more?? Well it's not
mega bucks but I'll take it if someone waves it in front of me!!!

Daves dazzers. Much as we would like to,none of us get it right all the time,we all take losses,at one time or another. Sorry about your loss this time but congratulations on your big gain last time.
I agree with you that they are trying to buy these shares on the cheap and feel the offer could have been a bit higher.
Another way of looking at it could be,if they inject more money into the stores,and refurbish,they could generate more sales and profits,and increase the value of the shares that way,only time will tell.

Well I don't know about anyone else but i'm not selling out today
at 102.5p - it has to get going better then that first!!!

if they wave it,bun,if????????

all quite on mtn,,,,,,still holding me.

roma,i am happy with what i came out with.last few weeks i thought i would have to take a bigger hit,,,,as the price fell back to 80 s.
it can be risky going back for a nother slice of cake,,,,,,,,,,,,good luck.

You still did good dave when you look at it all - both trades..

over the 2 yes i did great.

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

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