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SKS Shanks Group

96.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shanks Group LSE:SKS London Ordinary Share GB0007995243 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 96.50 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 96.50 GBX

Shanks (SKS) Latest News

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

Shanks (SKS) Discussions and Chat

Shanks Forums and Chat

Date Time Title Posts
03/3/201717:52Shanks - Charts & News997
09/3/201211:20SHANKS GROUP156
18/6/200710:50SHANKS GROUP - BID COMING FROM RWE?130
15/11/200218:24T? trades column9
05/11/200211:49Shanks share price recovery41

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Shanks (SKS) Most Recent Trades

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Shanks (SKS) Top Chat Posts

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Posted at 20/12/2016 15:06 by betman
Disappointed at latest fall today down to 92p, looking at volumes again I note that the falls recently have been on sharply lower volumes vs those for the rises. Guess some short term traders taking profits. Thats fine as I can buy more for a lower price. I believe these can get back to their 2016 high of 110p, once the new merger beds in and reports the numbers. Europe slowly recovering and legislation is a positive driver for once.
Posted at 15/12/2016 09:22 by jdung
at 14/12/2016, big trades ,more 2.5m share at 87.75p.
maybe up? also maybe share will go to 80---75p?
Posted at 28/10/2016 16:53 by taximania
Am i right in thinking that all things beingequal we should have just dropped the 14.5p ? Did anything elese happen today to effect the share price (ie the rights etc) i tried to buy at 4.29pm but didnt get a fill.
Posted at 26/10/2016 11:40 by a0148009
First you have to adjust for the placement of 45 million shares at 100p and then adjust for the rights issue.

" Transaction Highlights

-- Based on the closing Shanks share price of 100.5p on 28 September 2016, the proposed consideration payable by Shanks for VGG would be settled through the:

o payment of approximately EUR286 million in cash, financed through new debt facilities and an equity issue of approximately GBP141 million; and

o the issue of up to approximately 190 million new Consideration Shares, representing up to approximately 23.8% of its enlarged issued share capital following completion of the Merger and the equity issue.

-- Inclusive of an increase in expected underlying net cash in the VGG business at Completion, the Merger is anticipated to result in VGG shareholders receiving a total value of approximately EUR562 million, and implies a debt-free, cash-free value of approximately EUR482 million.

-- The Shanks Board believes that the Combined Group can be expected to achieve annual risk weighted pre-tax cost synergies of approximately EUR40 million in the third full year following Completion. Approximately 30 per cent. of these synergies would be delivered within twelve months following Completion, 75 per cent. would be delivered within 24 months following Completion and 100 per cent. would be delivered within 36 months following Completion.

-- The Shanks Board expects the Merger to be significantly earnings enhancing for the Shanks Group in the second full financial year after Completion (i.e. the financial year ending March 2019) and the return on investment to exceed the Shanks Group's weighted average cost of capital over the same period([1]) .

-- The Equity Issue, which has been fully underwritten by Investec, comprises:

o a Firm Placing of 45,000,000 Firm Placing Shares at 100 pence per share (representing approximately 11.3 per cent. of Shanks' existing issued share capital) to raise gross proceeds of GBP45 million; and

o a 3 for 8 Rights Issue at 58 pence per share to raise gross proceeds of approximately GBP96 million (representing a 34.5% discount to the theoretical ex-rights price of 88.5p calculated by reference to the Placing Price of 100.0 pence per Ordinary Share, and a 42.3 per cent. discount to the Closing Price of 100.5 pence on 28 September 2016 (being the last day on which the London Stock Exchange and banks in London are normally open for business before the announcement of the terms of the Equity Issue)).

-- Shanks has entered into the New Facilities Agreement pursuant to which EUR600 million of multicurrency facilities, comprising a EUR150 million term facility and a EUR450 million revolving credit facility, will be made available to the Combined Group."
AO
Posted at 26/10/2016 08:45 by wad collector
Presume today's drop is the rights issue.


(I just noticed the chairman bought 100k 2 weeks ago.)


The rights issue price is


38p right now , which on a 3/8 split is worth 14.25p per share . So SKS share price should have only dropped this much. Currently down 14p.
Posted at 21/10/2016 14:52 by a0148009
Agree - the markets are finding it tough to push higher and any companies announcing profit warnings are taking more than the usual hammering.
Share price may be nudged higher when approval and clearance quoted below have been completed.

"The Merger remains subject to Shanks shareholder approval and anti-trust clearance. Further updates will be provided in due course."

If you have not seen the DT article on the Euro in Tuesday's front page
you may find this interesting.



AO
Posted at 04/10/2016 10:02 by a0148009
Do not forget after the merger the lions share of earnings are in Euros
currently 114.30 hence the uplift I am sticking with my holding as per my post above.
AO
Posted at 29/9/2016 08:18 by a0148009
Cost savings, growth and currency translation should underpin current share price with potential to break out above 110p resistance level.
AO
Posted at 07/7/2016 11:09 by ed 123
Maybe talking to myself? The shares are finding good support on today's news. Price has gone positive.

AGM will be held Thursday next week. Anyone going?
Posted at 10/2/2016 09:13 by ed 123
Do you really think Shanks' institutional shareholders are short-term punter types? I'd expect them to hold on for an eventual sustained industrial recovery in Benelux. If/when that happens, Shanks should thrive.

If any of Shanks institutional shareholders are facing redemption pressure, then they may have to sell but otherwise, why would they sell now at 70p-ish when they could have had 100p-ish a short while ago? It would not be clever management of their clients' funds to wait for a fall in the share price and then sell.

Anyway, time will tell.
Shanks share price data is direct from the London Stock Exchange

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