And at a 1.40 buy,my have a chance short term,only small money..

Go on gerry,make your pitch.

WHAT PRICE ARE WE LOOKING AT IF THIS IS TAKEN OVER?SOME HUGE TRANSACTIONS AFTER THE CLOSE.

250 sounds about even money to me,considering RTO position of late.

Dave it's reported this may be a reverse takeover and some are muting 17p on the price.......... over on ADVFN.

Can't see that, but you never know.

Thereal issue is that the results are out very soon and expected to be abysmal, don't think that will be too helpful.

Wait and see I suppose.

SW,look where its been price wise if it goes & who knows,225/250. Or they mite just give these people time to find a solution at the helm..

I bet they wish mr 20% was at the wheel.

Indeed.

More smoke this morning.

Price still at reasonable levels.

Won't last.

Robinson brings in Europa for Rentokil bid - report
AFX


LONDON (AFX) - Sir Gerry Robinson has brought in boutique investment bank Europa to invest alongside his own company Raphoe Management on any bid for Rentokil Initial PLC, the Financial Times reported, without citing sources.

Europa, founded by former Warburg bankers including David von Simson, controls the 28.5 pct of Raphoe not owned by Robinson. That means if the former Granada chairman gains 10 pct of Rentokil, Europa will own 2.8 pct of that, the paper said.

Raphoe said Monday it will approach Rentokil with a view to bidding for the troubled UK hygiene-to-pest-control group.

They have already appointed pension consultants to asses the company's liabilities, the FT added.

Still very slack in the price,SW.

Yes and nit much activity.

Very starnge.

Mind you, this rumour keeps emerging so maybe the Market think it is crying wolf.

Still in and holding from a while back.

I've put them back under the bed.

Rentokil profits slump 20%
MoneyAM
Rentokil Initial delivered a 20% drop in first-half profit as the world's biggest pest control company, fighting to stave off a possible bid, beefed up investment in an attempt to re-ignite sales growth.

The ailing company, which has seen earnings decline for the past four years, warned it saw little prospect of an improvement in the markets in which it operates in the 'near future'.

Profit before tax, exceptional items, goodwill amortisation and various other one-off costs fell to 135.4m in the six months to June 30 on sales up 3.2% to 1.17bn.

On that basis financial analysts had expected profit of around 135m.

'The programmes we are implementing will provide real and lasting improvements in operational and financial performance and thereby generate the value inherent in the company which rightly and fully belongs to its current shareholders,' under fire chairman Brian McGowan said in a statement.

Rentokil has been struggling to maintain margins after its diverse operations, which include parcel delivery and washroom and security services, lost share to more focused rivals.

Its management's problems intensified on Monday when former Granada CEO Sir Gerry Robinson, one of Britain's best-known businessmen, said he was interested in bidding for the company.

Shares in Rentokil, closed Wednesday at 162.25p, valuing the business at around 2.9bn.

The stock has gained 6% in the past year, underperforming support service sector peers by 9% in that time.

Despite rallying by 7% since Monday, when news of the possible approach by Robinson's takeover vehicle, Raphoe Management, first emerged, Rentokil's stock remains around 43% below its March 2002 peak.

'We suspect the Raphoe deal might not succeed but it will be a catalyst to force a more rapid and fundamental review of the business to create more shareholder value,' Oriel Securities analyst Emma Ormond said ahead of the results.

McGowan led a boardroom coup in 2004, ousting founding chairman Sir Clive Thompson.

His strategy is to focus on investing more in research and development, upgrading computer systems and hiring more staff, in an effort to improve service levels.

But with little sign the strategy has arrested the profits decline, McGowan and CEO, Doug Flynn, hired in April, are under mounting pressure to hive off underperforming business units.

In a separate statement the company announced a decision to sell its business conferencing unit 'subject to achieving satisfactory value through a sale process'.

Tuck them up for the winter month SW,i can hear them shareholders singing,,who do we want,,sir clive,,when do we want him now now..

lol

btw I dumped an email address, not sure if it's the one you have.

Try through Money and I will send you my new one.

I I.

He will not get control with 10%. City will not support it or him imho. Thats what he is oifferring. He dosen't want debt, only want to buy ten per cent and manage the company. xxxxing Irish BIGHEAD

Rapahoe proposals

Now I can smell a rat too................................................

Best call out someone to bump it off.

And there`s more here`s 2 words **** ***.

The rat is now dead. (I think?)

Rentokil, City pour scorn on Robinson bid

However, I have seen a brief note on Bloomberg that the major shareholder is backing Robinson, that was seen after this note above.

Ah......... RATS!!!

needs more tha 14% . Anyway xxxx Franklin Resources