ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

CSR CSR

899.50
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
CSR LSE:CSR London Ordinary Share GB0034147388 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 899.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 899.50 GBX

Csr (CSR) Latest News

Real-Time news about CSR (London Stock Exchange): 0 recent articles

Csr (CSR) Discussions and Chat

Csr Forums and Chat

Date Time Title Posts
30/11/201517:12CSR - Surviving a solar flare1,289
16/10/201412:44TipTV: CSR in takeover bid?1
30/4/201417:17CSR - changing the way the world connects9,121
21/2/201309:51CSR: A technical turn around story!1
25/11/201212:29CSR Limited ASX:CSR3

Add a New Thread

Csr (CSR) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Csr (CSR) Top Chat Posts

Top Posts
Posted at 25/7/2015 09:49 by jontyone
Chinese clearance now obtained and a couple of hearings and CSR will be no more.

"However, the acquisition’s finalization still requires the court to sanction the scheme at the First Court Hearing, and confirm the reduction of capital at the Second Court Hearing. CSR revealed that the first hearing is scheduled for August 11; this will be followed up by a hearing, two days later. CSR also unveiled that it will send out an application to the UK Listing Authority, and to the London Stock Exchange, in regard to the halt in CSR shares’ trading by 12 August, and cancellation, effective from 17 August."
Posted at 17/7/2015 20:31 by investoree
I spoke to TD Direct by telephone today and was informed that there is apparently a Corporate Action placed on their system which is beleived to have an action date of 1st August 2015 (whatever that means). Because this information is currently embargoed and because I am going on a break until the end of August with very little chance of being able to accesss the Internet I am effectively stuffed as they will NOT accept my instructions either verbally or in writing and until the information is released onto their CA section of their website I cannot make a declaration. Isn't modern technology wonderful - had I been aware that this shambles was going to take place I could have simply sold them in the market for a much higher price than they currently are!
Posted at 12/11/2014 07:33 by ken_uk
Is this a bit too much ?
Sure they are generous but this doesn't reflect the true value of CSR and the potentials for Qualcomm and this in many ways more than just CSR products.
It will bring to Qualcomm much more so I guess this is undervalued.


“On 15 October 2014, we reached agreement with Qualcomm Incorporated (“QualcommR21;), regarding the terms of a
recommended cash offer for CSR by Qualcomm Global Trading Pte. Ltd. (“QGT”), an indirect wholly owned subsidiary of
Qualcomm. We believe that the offer from Qualcomm provides CSR shareholders with an immediate and certain value
which is highly attractive, reflecting the dedication and commitment of CSR’s people.”
Posted at 03/11/2014 04:25 by tolga1
Thx JMF69
i have been following the daily buying and noticed large buys,and despite that the share price remained static. In fact share price going south. Accumulation comes to mind.
Now as a large hedge funds you can buy millions of shares for 8.40 and that gives immediate 7% profit till official take over of 9.00, which is easy money but i expect them to aim for higher.
So a new excitement gathering, fingers xxx'd
Posted at 15/10/2014 09:29 by alphahunter
Nigel Boardman of Slaughter and May discusses the advantages and disadvantages of the two principle methods of takeovers under English law.

Nigel Boardman, Slaughter & May

There can be no doubt that, as result of the current economic climate, the quantity of public takeovers has declined. However, this period of low activity presents an ideal opportunity to revisit the procedures, and associated benefits, of the main vehicles for conducting a takeover.

There are two principal methods of implementing a public takeover of an English company: first, by means of a takeover offer (“offer”) under section 974 of the UK Companies Act 2006 (“CA 2006”); and, secondly, by means of a scheme of arrangement (“scheme”;) under part 26 CA 2006. While both are subject to the city code on takeovers and mergers (“the code”), the two processes differ in some fundamental respects; most notably, the former is a proposal by the bidding company to the shareholders of the target company, while the latter is a proposal by the target company to its shareholders and/or creditors.

In the first six months of 2011, the scheme remained the more popular deal structure, continuing the trend of recent years; of the seven main market deals which occurred during the period, five were structured as a scheme, while only two of the eight AIM deals were structured as an offer. This article explores, in the first instance, the principal differences in procedure between the two methods, before comparing their respective advantages and disadvantages.

PROCEDURAL DIFFERENCES

Control

In contrast with the offer process, which is led by the bidder, the scheme process is controlled by the target company. This feature has important repercussions for the utility of the scheme as a method of takeover. In particular, a scheme must be approved by those holding 75 per cent of the voting rights in the company, and thus its success depends largely on the cooperation of the target company’s board and its shareholders, making it an unrealistic vehicle for a hostile bid.

However, that is not to say that the use of a scheme in a contested situation is impossible. The panel on takeovers and mergers (“the panel”) plainly anticipates the possibility of using a scheme in such circumstances; appendix 7 to the code, which sets out how the code applies to schemes, requires a bidder to consult the panel if it is considering announcing an offer or possible offer which it is proposed will be implemented by means of a scheme without obtaining the support of the board of the target company.

Furthermore, HgCapital LLP’s offer for Goldshield Group plc (“Goldshield”), announced on 25 September 2009, provides at least one precedent of the attempted use of a scheme in a hostile bid. However, the success of such an approach was not tested, the offer having been ultimately recommended by Goldshield.

Documentation

For the purposes of both methods, a document setting out the relevant information concerning the bid is required. Significantly, since the implementation of the new code on 19 September 2011, the financial and other information of both the bidder and the target company must be disclosed in detail (although the disclosure may take place on a website identified in the offer/scheme document). For a scheme, this document also serves as an explanatory statement, which, in accordance with section 897 CA 2006, sets out the proposals embodied in the scheme, as well as notices of the court hearing and, where necessary, of a general meeting of the target company.

In other respects, the two processes differ in respect of documentation requirements. While an FSA-approved prospectus is required in any offer including shares (or other transferable securities) as consideration, there is no such requirement for a scheme, even on a share-for-share exchange, unless the shares identified as consideration amount to 10 per cent or more of the relevant classes already admitted to trading. However, the position is different for a scheme if there is an alternative form of consideration, such as a cash alternative or a “mix and match” election, in which case the UK Listing Authority requires a prospectus.

Approval

To be successful, an offer requires acceptances in respect of a sufficient quantity of shares to result in the bidder (and any person acting in concert with it) holding more than 50 per cent of the voting rights.

By contrast, a majority in number, representing 75 per cent in value of the members or class of members (as the case may be), present and voting either in person or by proxy at the shareholders’ meeting, must approve the scheme. Unlike an offer, those shares already owned by the bidder are not part of the class which is eligible to approve the scheme. A scheme also requires the additional sanction of the court.

Time period

In a deal structured as an offer, it is possible for the bidder to obtain control of the target company 21 days after sending the offer document (although, in a hostile bid, a full 60-day timetable is likely, and the timetable will recommence in the event of a competing offer). This is significantly quicker than the minimum eight-week period necessary to complete a scheme after sending the scheme document.

A scheme may also encounter additional delays for two reasons. First, as a result of the requirement to obtain the court’s permission to convene the necessary shareholders’ meeting, a hiatus between the announcement of the bid and the sending of the scheme document to the shareholders is almost inevitable; the position is otherwise in respect of an offer, the relevant document for which can be dispatched on the same day as the bid is announced. Secondly, on account of the inflexibility of the process, in the event that there is a need to revise the scheme after sending the scheme document, it will (in most cases) be necessary to obtain the court’s permission to send new documents to the target company’s shareholders, restart the timetable from the date of sending out the documentation, and hold a new meeting of the target’s shareholders.

KEY ADVANTAGES AND DISADVANTAGES

To an extent, the respective advantages and disadvantages of each method of takeover are clear from the various characteristics of each process identified above. However, the following areas of distinction are particularly worthy of consideration.

Effect of different levels of approval

The lower level of shareholder approval required for the implementation of an offer is only superficially advantageous. In a scheme, once the seemingly severe threshold of 75 per cent has been achieved, the bidder acquires the entirety of the shares in the target company. The position is otherwise where the bid is structured as an offer; in such circumstances, the bidder may only obtain all the shares in the target company if more than 90 per cent of shareholders accept the offer, enabling the bidder to rely on the “squeeze-out” provisions contained in section 979 CA 2006 to buy out the remaining minority shareholders.

If less than 90 per cent of shareholders accept the offer, the bidder is left with minority shareholders, the adverse consequences of which are numerous. By way of example, minority shareholders may prevent the target company from re-registering as a private company, with the result that, inter alia, the target will remain subject to the prohibition on financial assistance under section 678 CA 2006.

Furthermore, merger relief and merger accounting are not available to a bidder if it fails to obtain more than 90 per cent of the shares in the target company. The lack of merger relief may impact on the level of the target company’s pre-acquisition profits which can be treated as distributable.

Overseas, lost and untraceable shareholders

Unless lost and untraceable shareholders hold more than 25 per cent of the voting rights in the target company, such shareholders are unlikely to pose any difficulties for a scheme. Provided that the requisite level of approval for a scheme has been achieved, the scheme becomes effective, regardless of whether or not the lost and untraceable shareholders have participated in any stage of the deal.

By contrast, in order to include lost and untraceable shareholders in the 90 per cent level of acceptances needed to engage the “squeeze-out” provisions, an application to court is required.

Furthermore, where there are overseas shareholders, a scheme, unlike an offer, should not engage the exchange and tender offer rules of the US securities and exchange commission, on account of the fact that it is typically seen as a “shareholder vote” on a reconstruction of the target company, rather than an individual investment decision.

Public opposition

The court hearing and shareholders’ meeting, which are necessary stages in a scheme, provide the ideal forum in which opposition to the bid can be voiced publicly. Such opposition may thwart the scheme, either by rousing other shareholders to oppose the deal or by persuading the court to withhold its sanction.

The only opportunity to voice public opposition to an offer is at the general meeting of the bidder, which is itself only necessary in certain circumstances.

Stamp duty

An offer and a “transfer̶1; scheme, pursuant to which a person is appointed by the court to effect the transfer of shares from the target company’s shareholders to the bidder, will incur a stamp duty cost amounting to 0.5 per cent of the target company’s value. However, there is no stamp duty if the target company is acquired by means of a cancellation scheme.

While a comprehensive knowledge of the procedural differences between an offer and a scheme, and the associated advantages and disadvantages, may seem to be of little value in the current economic climate, familiarity with the two processes will serve as a useful tool in the face of a resurgence in takeover activity.
Posted at 25/9/2014 14:46 by ken_uk
The exact price offered for the business could not be ascertained but analysts at NSBO suggested it could have been as much as $2.7bn

hxxp://www.cityam.com/1411627882/csr-extends-deadline-offer-us-firm-microchip-technology

That would mean a share price at around 10-11 pounds per share.
That would be great !
Posted at 08/7/2014 11:17 by jmf69
RFaxis and CSR to Launch Multiple Reference Platforms for Seamless Wireless Connectivity Products



RFaxis, Inc., a leading fabless semiconductor company focused on developing innovative, next-generation RF solutions for the wireless connectivity and cellular mobility markets, today announced its partnership with British chipmaker CSR plc (LSE: CSR; NASDAQ: CSRE) for reference designs aimed at multiple wireless connectivity markets.

CSR provides a broad portfolio of connectivity chipsets which enable high quality, high reliability Wi-Fi / Bluetooth end user experiences, including seamless high fidelity wireless audio and whole-home coverage. The reference designs feature RFaxis single-chip, single-die CMOS RF Front-End Integrated Circuit (RFeIC™) technology and will be paired with CSR's UniFi® CSR6030™ 2.4GHz 802.11n Wi-Fi solution and CSR8811™ and CSR8311™ Bluetooth® low energy radio chipsets.

These reference platforms are targeted for automotive infotainment, consumer electronics, IoT (Internet of Things), and M2M (machine-to-machine) communications market segments, covering a wide range of products such as In-Car Entertainment (ICE) systems, car kits, wireless speakers, health and fitness computer wearables, personal navigation devices (PNDs), cameras, scanners, and printers.

"We are delighted to partner with RFaxis to deliver high performance, cost-effective platform solutions that help our customers differentiate their end products, whatever market they are in," said Thomas Carmody, Head of Connectivity Marketing at CSR. "The company's fully integrated low-cost RF front-ends will enable us to further accelerate our attach rates within our strategic focus areas."

"Our innovative CMOS RF front-end technology helps simplify CSR's design process and accelerates time to market while delivering high performance at a competitive cost," said Raymond Biagan, Vice President of Worldwide Sales at RFaxis. "We are pleased to be partnering with CSR, a global leader in wireless connectivity."

"Apart from reducing the time to design and market, RFaxis RFeIC's level of integration offers device manufacturers a very simple solution that can be implemented as a plug and play," said Frost & Sullivan Industry Analyst Swapnadeep Nayak. "The RFaxis technology helps OEMs reduce their product development cycles to as low as a few weeks, while competing solutions take months. It satisfies every performance criterion set forth by component manufacturers and original equipment manufacturers (OEMs)."

Technology Highlights

The reference platforms feature the CSR UniFi® CSR6030™ 2.4GHz WLAN 802.11n system-on-chip (SoC) paired with the RFaxis RFX8422S 2.4GHz 11n CMOS RFeIC with integrated high efficiency linear power amplifier (PA), receive low-noise amplifier (LNA) with bypass, antenna switch, directional-coupler based power detector, harmonic filters, and associated RF matching and decoupling in a single-chip, single-die package in bulk CMOS. Also featured is the CSR BlueCore® CSR8811™ (QFN) or CSR8311 (WLCSP) Bluetooth v4.0 SoC paired with the RFaxis RFX2401C 2.4GHz Bluetooth/ISM/ZigBee RFeIC for Class 1 operation with extended range.
Posted at 29/6/2014 11:34 by tolga1
Thank you for sharing that info JMF69, you seem to eat and drink CSR.
Interesting times ahead indeed.
Was it for this reason that the share price went to 800+ In March ? at the time the share price went ahead of it self for no obvious reason.
Hoping the price will go back to 800+, obviously.
Holland-Mexico this afternoon by the way, enjoy:-)
Posted at 03/6/2014 22:15 by tolga1
Thank you Ken_Uk
With regard to volumes, I remember that the share price went from 600 to 800 on relatively low volume as well. As long as there are no big sellers, the share buy back clearly has significance.
Was the share price less than 600, when volume was more than 1million? This could explain the higher volume
Anyway, Vamos CSR
Posted at 21/2/2013 09:50 by mr_bluesky
I have started this thread as I believe that CSR is a great company to get into right now for a long term investment:

CSR weekly chart 15/02/13: Price 387p

I have drawn the weekly chart as I think it shows a potential break out more clearly.

CSR has been in a general down trend with rallies since May 2006.On July 17th this year it sprang back into life with a big bull bounce with the announcement of the transformational "Samsung transaction"and has been in a gentle up trend ever since.It is now above the 200wma(weekly moving average) which is slightly up trending with the 50 wma below and trending up also.....positive signs!.

The MACD has just crossed over(fast over slow) while above zero and the RSI at c70,is well placed for a renewed rally.On break out the first target is c520p with the longer term goal to advance towards the gap down form sept 2006 between 1.109p and 910p.

The yellow line on the chart is the descending resistence and the price has just broken out of it which is a sign that a move up is not far away.

Fundamentaly,having looked at the Q3's from Oct 23rd 2012,things are all looking encouraging especialy with the "Samsung transaction"

With Q4's next week it could very well be the catalyst for the rally to re ingnite IMO.

Mr Bluesky

Here is the announcement that caused the bull bounce on 17th july 2012:

CSR plc ("CSR" or the "Company": LSE: CSR.L, NASDAQ: CSRE) today announces a transaction with Samsung Electronics Co. Ltd ("Samsung") and an associated return of capital, which will transform the profile of CSR's business and its growth prospects, accelerate its strategy of focusing on high growth markets where it has leadership positions and the ability to deliver differentiated platforms and products, and strengthen earnings per share.



CSR has entered into a conditional binding agreement with Samsung for the transfer of CSR's development operations in handset connectivity and location, including 310 people, together with certain rights over CSR's technology in these areas (the "Handset Operations") for a consideration of US$310 million in cash (the "Transaction"). None of the revenues associated with CSR's existing handset products will be transferred.



In addition, Samsung will invest US$34.4 million in return for new ordinary shares in CSR representing 4.9 per cent of the current issued share capital of the Company at a price of 223 pence per share on completion of the Transaction (the "Equity Investment").



Following completion of the Transaction, the Company intends to return up to US$285 million to holders of its ordinary shares and American Depositary Shares representing its ordinary shares ("ADSs"), comprising the net proceeds of the Transaction, the Equity Investment and the remaining US$40.5 million of the buy-back announced in February 2012 (the "Return of Capital").

CSR daily chart 19/10/12.

just looked back through my charts and this is not the first time it has come to my attention.
Csr share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock