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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aveva Group Plc | AVV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3,219.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3,219.00 |
| Top Posts |
|---|
Posted at 22/11/2022 22:35 by waldron French swoop on Aveva hanging in the balance: Schneider Electric deal would be hammer blow for UK, says top investorBy Mark Shapland For The Daily Mail Published: 22:00 GMT, 22 November 2022 | Updated: 22:00 GMT, 22 November 2022 The French takeover of one of Britain’s biggest technology firms is on a knife edge as opposition from shareholders mounts. Paris-based Schneider Electric – which already owns 59 per cent of FTSE 100 listed Aveva – plans to buy the remaining 41 per cent for 3225p per share in a deal that values the Cambridge-based software firm at £10billion. But the takeover hangs in the balance as it requires the approval of at least 75 per cent of minority shareholders at a key vote on Friday. Target: Schneider Electric – which already owns 59% of Aveva – plans to buy the remaining 41% for 3225p per share in a deal that values the Cambridge-based software firm at £10bn Target: Schneider Electric – which already owns 59% of Aveva – plans to buy the remaining 41% for 3225p per share in a deal that values the Cambridge-based software firm at £10bn Given the French group cannot vote, it would only take 10 per cent of the overall shareholder base to reject it for the deal to be blocked. And there are growing signs that opposition to the proposals could scupper Schneider’s swoop on one of Britain’s oldest technology companies. City heavyweight Jupiter – a top 40 shareholder in Aveva – became the latest to speak out, warning the deal would be a hammer blow for London as the UK looks to turn itself into the Silicon Valley of Europe. Another top 20 investor, which did not want to be named, said: ‘We believe that the current bid from Schneider Electric for Aveva materially understates the true long-term value of the business. ‘We are concerned that the approach appears highly opportunistic at a time of business model evolution and follows a difficult period of share price performance. ‘Aveva is a leading UK software company, which in our view, will play a significant role in accelerating climate transition, as a green solutions enabler for its customers across multiple end-market industries. On this basis, we do not believe the bid fairly reflects the future value creation potential of the business.’ They joined other leading money managers including M&G Investments, Davidson Kempner and Canadian firm Mawer, who all have previously said they will vote against the deal. Schneider first made an offer for the rest of the company in September, tabling 3100p a share for the 41 per cent of Aveva it does not already own. But after New York-based Davidson Kempner accused the French firm of ‘opportunism&# Schneider, however, said the offer was final. Speaking to the Mail last night, Jupiter investment manager Richard Buxton said: ‘It would be good for London and long-termism if voters said no. ‘The increase on November 11 from Schneider wasn’t much. ‘But the question is will holders want to turn them down and stick it out as a minority.’&nbs Buxton is one of the most recognised fund managers in the City and has previously called for software business Arm to come home and be listed in London. Aveva is one of the London Stock Exchange’s few remaining technology firms. Spun out of Cambridge University in the 1960s, it provides software to help engineers design major industrial projects as well as products that help run factories. Business Secretary Grant Shapps has come under increasing pressure to intervene in the Aveva deal on national security grounds. Fears in particular have been raised about Schneider’s joint venture with Chinese conglomerate Delixi Electric. Critics say that if Aveva is taken over its proprietary technology is at risk of falling into Chinese hands. |
Posted at 23/9/2022 20:11 by misca2 Aveva investors plan to reject £9.5bn Schneider takeoverSep 23, 2022 | News, UKPEC Mawer and M&G say £9.5bn bid from French group undervalues UK software developer A top-10 investor in Aveva plans to reject Schneider Electric’s £9.5bn takeover of the software developer on the grounds that it represents an “opportunistic bid” that undervalues the UK group. Schneider said on Wednesday that it would pay £31 a share for the 40% of Aveva it did not already own – a 41% premium over the company’s closing share price in August, before the potential offer emerged. Peter Lampert, a portfolio manager at Canada-based Mawer Investment management, which has C$77bn in assets under management and is one of the top five external shareholders in Aveva, said the offer price did not reflect the long-term potential of the company. “Aveva is a great business with a very promising long-term outlook,” he said. “It’s an opportunistic bid taking advantage of share price weakness in recent months.” Schneider’s takeover attempt is the latest example of an undervalued UK company being snapped up by a foreign buyer or removed from the stock market by private equity. Schneider aims to close the deal in the first quarter of 2023, but will need to secure support from at least 75% of minority shareholders in a vote set for mid-November. Given the French group cannot vote, it would only take about 10% of the overall shareholder base to reject it for the deal to be blocked. Source: Financial Times |
Posted at 26/8/2022 08:58 by one_frankel For those that are not already aware, pay very little regard to the blatant fr_aud BoxerMugz!...As he tried to deceive investors on the Pires thread with all his fantasising as some renowned investor called Stephen Paul Jones but we soon discovered that he's not and is just a destitute P_akistani fra_ud that resides in the shanty towns of Birmingham, ain't that right Mahmood? ...Also he made claims to making a 'Supposed' £200k in ARB last year and yet has the audacity to make comparisons between Mode and ARB hehe!...And when the masses ask him to validate his claims he bizarrely tells them to refer to his Advfn commentary from last year! ...So take little notice of this destitute dirty P_akistani fra_ud called BoxerMugz or more affectionately known as Mahmood! |
Posted at 25/8/2022 19:52 by one_frankel Its not sparing with the locals Jim, I just dont like seeing myself or others being taken for a fo_ol by some blatantly deluded fra_ud whose unfortunately P_akistani but my sincere apologies to all for the past commentary here as it can become a little heated on occasions especially when I'm involved!...With regards to AVV, Schnieder already has a majority stake here and can overule any decisions not favourable to them so I see little value for a investor now and I cant imagine any offer will be much over 3000p anyway and with such a overriding interest, who in their right mind would consider entering the fray against Schnieder! ...And remember no willing party is ever going to pay over the odds in a dire market environment and Schnieder already has the golden ticket here buddy and they'll play it accordingly and probably why there's been little follow-up with the momentum in price. |
Posted at 25/8/2022 12:19 by one_frankel What hasn't the deluded fra_ud who likes to talk about others genitalia albeit on anonymous board, got anything better to do than to troll me around Adfvn but do get some real help with those rather concerning inferiority complexes you have hey!...And for those that are not already aware, BoxerMugz or more affectionately known as Mahmood is a 'Confirmed' fra_ud who tried to deceive investors on the Pires thread with all his impersonating as some HNW called Stephen Paul Jones but got found out as some destitute P_akistani fra_ud who unfortunately resides in the shanty towns of Birmingham, aint that right Mahmood? |
Posted at 24/5/2021 15:48 by togglebrush Annual Results due tomorrow 25May 2021' sharw thankyou for your post 24 May 21 #788 ' I only pick up press releases which cross my path and note them on this thread which has only a small following. Perhaps if the company engaged with more or better public relations then it might attract more investors and debate on threads like this. ' hoping for an informative day tomorrow |
Posted at 01/12/2020 11:30 by junior shrewd IMO, there doesn't need to be a point of the offer for any individual investor. Raising the required funds by getting the major institutional investor(s) on board is what Aveva needed to do IMO. |
Posted at 01/12/2020 10:21 by togglebrush Neutral Position is the TERP issued on 5th November in the circular to give investors a base against which to base their own projections from the 8th Dec.. Figures on which to base the projection are given in the Prospectus and Circular. YOU have to do your own calculations. No one on a bulletin board is licensed to give financial advice. |
Posted at 01/12/2020 09:51 by mattgibbo Many thanks for the response, and again apologies for my ignorance and the fact you may have to repeat yourself about it being neutral, however my thinking is that there must be some kind of incentive to take up the rights as opposed to letting them lapse / selling them or is this really not the case, if so what the point of the offer for the investor? |
Posted at 28/5/2019 12:57 by connorcampbell !YOUTUBEVIDEO:87DvIhWill AVEVA avoid a virus following Wednesday’s full year results? April’s fourth quarter statement saw the company reiterate its aim of hitting low double-digit full year revenue growth. Operating margins ‘improved&rsqu Given that investors have been very receptive to these rather bland statements, more of the same on Wednesday might be enough to keep its gains going. For reference, last year it posted adjusted pre-tax profit on a pro forma basis of £162.8 million; a the half way point of this year adjusted pre-tax profit rose 54.3% to £60.5 million. Read what Spreadex analysts have to say, or watch a 60 second preview, here: |
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