Charter Intl Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.8956343 . By Ladder Rack ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8956343&action=detail Wed, 16 Nov 2011 10:04:00 GMT Ladder Rack tag:iii.co.uk,2003:tst.8926051 By Wily Demon ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8926051&action=detail Tue, 08 Nov 2011 23:55:00 GMT Wily Demon tag:iii.co.uk,2003:tst.8909889 Charter (CHTR)
Thursday, November 3, 2011 - 04:00
http://www.iii.co.uk/tv/episode/charter-chtr
It’s a US / British heavyweight contest for engineering group Charter International. And for once it seems shareholders are in a win-win situation. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8909889&action=detail Thu, 03 Nov 2011 12:26:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8889894 28/10/2011 Ben Jaglom
http://www.growthcompany.co.uk/news/1664788/charter-heading-off-nicely.thtml


Engineering firm Charter International (CHTR) which recently agreed a 910p a share offer from US group Colfax Corporation issued a resolute set of third quarter results.

This September the fully-listed concern agreed to an offer from Maryland-headquartered Colfax in a deal that valued the company at £1.52 billion. In a trading update for the three months to September the group saw turnover rise by 19.9 per cent to £497.7 million. Revenues in its ESAB division- which specialises in cutting and welding climbed from £288.8 million to £340.8 million while sales in Howden- its air and gas handling operation surged from £126.4 million to £156.9 million.

Gareth Williams- the chief executive that only joined the group in July- remarked that the company had at the time of its interims in July 'laid out plans' that included the fact it was 'exploring all strategic options'. Regarding the third quarter update itself he noted that 'cost savings and working capital reductions' at ESAB were 'in line with expectations' while Howden was continuing 'to see strong order intake compared to the same period last year and impressive growth in the aftermarket'.

Analysts at Collins Stewart were forecasting EPS of 75.6p and 91.1p for 2011 and 2012 respectively.

This June, following a 780p a share offer from fellow listed engineering concern Melrose we advised Charter's shareholders to 'hold on for a higher offer'. Melrose subsequently increased its offer to 840p in July and later to 850p in September. The offer from Colfax representsa 16.6 per cent premium on the earlier offer received from Melrose in June and we think is likely to please Charter's shareholders. We recommend accepting the offer from Colfax.




Tags: Accepting an offer, Engineering business, Offers, Takeovers

Sector: Industrial Engineering

Companies: Charter International By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8889894&action=detail Fri, 28 Oct 2011 11:54:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8874189
Farewell Charter, thanks for the dividends and the capital gain, good luck to all who will see it through to the end

LR By Ladder Rack ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8874189&action=detail Mon, 24 Oct 2011 16:36:00 GMT Ladder Rack tag:iii.co.uk,2003:tst.8857547
If that's the case, why isn't the sp much nearer to it? By Hardboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8857547&action=detail Tue, 18 Oct 2011 17:21:00 GMT Hardboy tag:iii.co.uk,2003:tst.8810656 http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8810656&action=detail Tue, 04 Oct 2011 14:33:00 GMT Merlindale tag:iii.co.uk,2003:tst.8807143
Thanks Ladder, I did actualy frealise that, but did say it was the latest information on the Charter website. as there have been about 10+ news releases on share ownership each day since the first Melrose bid, I did not fancy trawling through them all. I would bne surprised if the holdings had changed dramatically in terms of the potential to block the Colfax bid.

By Hardboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8807143&action=detail Mon, 03 Oct 2011 16:58:00 GMT Hardboy tag:iii.co.uk,2003:tst.8806838 http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8806838&action=detail Mon, 03 Oct 2011 15:58:00 GMT Merlindale tag:iii.co.uk,2003:tst.8805490 http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8805490&action=detail Mon, 03 Oct 2011 09:49:00 GMT Merlindale tag:iii.co.uk,2003:tst.8804063
There have been a huge number of 'Holdings in Company' RNS messages over the last few weeks and you need to take a good look at them to try to collate some meaningful current holdings information.

With the Markets sliding again on Friday Colfax closed out the day down 6.76% at US$20.26 which is likely to hit CHTR on Monday.

I have sold half my holding following MLR backing out and given the current level of market uncertainties...... I've been caught too many times before holding out for the bigger gain and failing to take some profit...... not this time .

LR By Ladder Rack ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8804063&action=detail Sun, 02 Oct 2011 11:44:00 GMT Ladder Rack tag:iii.co.uk,2003:tst.8801144
What I have not seen is the timetable, for the take-over. If the boards have agreed & Charter's BOD is in favour of it, then surely it should be getting put to the shareholders soon. By Hardboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8801144&action=detail Fri, 30 Sep 2011 14:30:00 GMT Hardboy tag:iii.co.uk,2003:tst.8801094 •Legal & General Group plc – 3.72%
•BlackRock Inc – 5%
•FRM LLC – 5.04%
•Lloyds Banking Group plc – 7.68%
•Ignis Investment Services Limited – 3.05%

I haven't followed the Colfax share price since the bid, so I'm not sure if the discount is due to thier sp falling, but I suspect some shareholders don't want to be stuck with a small holding in a foreign company. I can understand that, but I would still expect, like you, the price to be nearer the offer price

By Hardboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8801094&action=detail Fri, 30 Sep 2011 14:18:00 GMT Hardboy tag:iii.co.uk,2003:tst.8799725 What about the large institutional shareholders who indicated that they preferred the Melrose approach?? Could they prevent Colfax bid from succeeding??

Also Colfax do not appear to be buying the shares in Charter on the open market at the discounted price. Why? By le professeur ]]> http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8799725&action=detail Fri, 30 Sep 2011 09:43:00 GMT le professeur tag:iii.co.uk,2003:tst.8798851 http://www.iii.co.uk/investment/detail?code=cotn:CHTR.L&display=discussion&id=8798851&action=detail Thu, 29 Sep 2011 22:48:00 GMT Wily Demon