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

Robinson told to put up or shut up in battle for Rentokil.

Robinson told to 'put up or shut up' in battle for Rentokil UPDATE
AFX


(Re-casts, adds detail, background)

LONDON (AFX) - Rentokil Initial PLC, the beleaguered British support services group, today won a victory in its phoney war with Gerry Robinson when the Irish businessman's Raphoe Management Ltd company was issued with a 'put up or shut up' ultimatum.

The Takeover Panel, a body which scrutinises the conduct of UK mergers and acquisitions, said in a statement that following representations from Rentokil, Raphoe must either announce a firm intention to make an offer by Oct 17 or walk away.

Robinson last week outlined a plan to install himself as executive chairman of the rat-catching to tropical plants group, increase debt and return 35 pence a share to investors, worth 634 mln stg.

His management company would receive shares currently worth more than 75 mln stg.

Robinson has secured the backing of Rentokil's biggest investor, US group Franklin Resources Inc, which owns 14.7 pct of the shares, though other investors, including UK fund manager Legal & General, have been less than impressed.

The panel's statement came as Robinson remained locked in talks designed to woo a largely sceptical group of financial analysts, one of whom recently described his proposals as 'very opportunistic'.

I'm all for shut up, bloody sponger.

This is going to have the spanish fiddle on monday.

whats that

The elbow,

Time to move on i think..

Is this 1.70 i see coming over the hill,,oh no,,,its a mouse..

Thats it the last rat has died,so thats it from me am out of here.

Bye bye dave.............

I'll wait till the end of this week before deciding.but I have felt the same for ages.

This stock looks a lame duck to me.

Someone shoot it!

Exit Execs ...and sp goes up 20% - this shows 'em, just how angry the Market has become with feeble management. Oh yes it was City Express (or ?)the van-delivery franchise that done them in.
(I used to holdbut sold-out long ago for different reasons, not connected.)
Well, it won't repair itself quickly - maybe wait a little - 86p today

Goes ex-divi on the 16th April @ 5.25p per share. Worth having at a sp of 92p perhaps? Trouble is, what then? Recovery or ........?

I have some faith in the top notch new management formerly with ICI---this will no doubt fall back as people are buying in towards the divi date but I'm looking for some action soon to get this co. turned around---like british energy and cookson neither of which I held onto I'm sad to say!!

Beware market woes!

Just as this sp has been knocked by mis-management - don't think their replacements will be able to perform a turn-around. . . .
With markets down, trade is down and I suspect we could see a deterioration in the Delivery-business as other ( private/more-nimble) operatives scoop-up their deliveries. This is a sentiment-driven business ( along with "price"), so your standing in the Market is key.
Rentokil has demonstrated it isn't up to the job - and only time will tell.

Anyone buying a few weeks ago will have done OK (=bounce)....but Markets can force a sp to retract at least until solid Good News counters current-perception.

By comparison, UK-Banks are better investments IMHO - you have to use 'em and if they really have cleared their rubbish(!) . . . . good times ahead, - or, maybe in a couple of months, to be sure.

Does anyone know why the [RTO] "fundamental data" is blank ( on this website)...?
This is a full-list company, with almost 2bn Mkt Cap - so where's the Data?

Results and a huge sp fall.
Seems some improvements about, but this is conveniently compared with Dire! In April08 a decent recovery from 72p = 90p - yet now has dived to 65p so no winners, unless you got out.

Trouble is...will this fall continue at least until folk see a sea-change ( maybe Exec removals-Arrgh) - for somethin is needed to restore this simple business. -OR- was is too simple and others do it better?

City Link is an example where the control of vehicles and goods is critical - if you foul-up folks remember for a long time. I wonder if most deliveries aren't better served by smaller co's linked together by the internet when moving greater distances, etc. Yet here, I think there was some change to the structure which had worked. Anyone give a History?

51m shares traded today already, with stop losses kicking in I presume.
This company is going to take a while to turn around, imo. No quick fix on the cards. Question is, how long will they give the new guys to produce results? CEO Alan Brown reckons up to 3 years.

The new directors did the trick with ICI, and I'm sure given time they will turn these around as well. But what a time to takeover. Have this one on my watchlist, but I certainely won't be rushing in for some time yet.

Hi all.................. a solid close today.

Seems like plenty of upside . ie ...... Gap Up! (from time of results)

More views welcome.

Cheers
Amar

This keeps on getting knocked back, but a slow climb back up to the 50 DMA looks probable, so around the 90p level at present. Current broker target is 102p, but take that with a large pinch of salt. Div date is early sept, so be interesting to see if that is maintained.

Good morning all ........

I don't really have a problem with broker targets Harry ........

But they're usually vague / reluctant with their time frame.

Cheers
Amar

There rarely is a time frame, Amar, that's what worries me.
As far as RTO goes, it looks like a scenario where most news is going to be below expectations, interims & finals, so expect the sp to get knocked back each time & then slowly rise on momentum.
I wish you luck. Keep locking in profit though as this is going to be a bit of an unpredictable ride, imo.

Harrycat, I'm sure yr right, RTO is sufferiing from worsening Retail/consumer - the Press telling us a Recession is here and the Olympic "hit" is subsiding with the military woes in Georgia occupying TV News.
When a Co has got something very wrong it will take time to rectify - and even longer to produce a recurring profit...let alone higher dividends...if it is maintained I'll be surprised - but then? This is "probably" the reason fro the fall-back along with bottom-fishers taking a modest profit in a short-time...and being grateful they've got out smiling.
This is not one of mine, but it might be, when all the Bad is wrung-out, probably Spring 2009. Are you nursing (higher) invesstments perhaps?
sp Down a bit today.