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ALV Alvis

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0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Alvis LSE:ALV London Ordinary Share GB0009173609 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
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
- 0 GBX

Alvis (ALV) Latest News

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Alvis (ALV) Discussions and Chat

Alvis Forums and Chat

Date Time Title Posts
25/4/202115:36Alvopetro-
14/3/200421:02Alvis acquisition looks a bargain25
26/9/200210:52Director Shareholding-
11/9/200215:45ALVIS starting to motor - Contract!22
02/3/200200:00ALVIS PLC - CASH RICH AND A FULL ORDER BOOK!!7

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Alvis (ALV) Most Recent Trades

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Alvis (ALV) Top Chat Posts

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Posted at 14/3/2004 21:02 by alan russell
BAE pulls back from tanks bid
Tom McGhie, Mail on Sunday
14 March 2004

BAE Systems has ruled out making a counterbid for Challenger tank company Alvis after American rival General Dynamics swooped with an agreed £309 million bid.

British defence giant, which has a 29.9% stake in Alvis, says it plans to work with General Dynamics on projects and is prepared to support its American rival if an alternative bid by a foreign company emerged.

French defence group Thales and Germany's Rheinmetall are believed to be considering higher offers for Alvis.

BAE sources dismissed suggestions that as the largest shareholder in Alvis, it was angry that the Americans had not consulted it before making their move.

Formally, BAE has told the Stock Exchange that it is considering all options*, which include bidding for the company, maintaining its stake or selling the share.

But BAE bought its holding in Alvis only last year so that it could work with it to develop a new range of lightweight armoured vehicles.

The Ministry of Defence is considering a £3 billion contract to develop such a vehicle and BAE would be in a good position to profit because Alvis is the favourite to win the deal.

BAE Systems knows General Dynamics well. The companies have worked on several projects, including laser-guided rockets, and the Americans are helping BAE solve the problem of soaring costs in its Astute nuclear submarine programme.

Last year, BAE failed in an attempted merger with General Dynamics.

Shares in Alvis closed at 297p on Friday, valuing the company at £328 million and indicating that investors are expecting a higher bid.

Amicus, the union representing hundreds of Alvis workers, is concerned about the potential impact on jobs.

John Wall, Amicus national officer for defence, said: 'We have real concerns on the industrial and political fronts about the takeover of the UK's armoured vehicle sector by a foreign corporation.'

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.

Hard to call where this is going from here. If The Mail is to be believed and BAE are out of the picture then to have sold on Thursday begins to look like the right move. Any bids from European defence companies could get bogged down in EU approval issues. If they use their influence to stymie the GD bid then all the more reason for the price to fall back. Quite possible however that holding on may prove the smart move in the long run but that could be a very loooooong run.
Posted at 11/3/2004 08:33 by alan russell
Trading at 297/298 against 280 offer from General Dynamics. Rival bidder in the offing?

Usually better to sell and take the premium in these cases. A rival bid of 300p would surely be a high price for ALV. Hmmmmm
Posted at 11/3/2004 08:28 by alan russell
Recommended takeover at 280p per share.

Always have mixed feelings when this happens. Nice to have a quick boost to the bank balance (in ISA so tax free too) but might it not have been better to have kept the shares in the long run. Not surprisingly it always seems to be the good companies that get taken over.
Posted at 18/9/2003 09:23 by wlfc1
from the man who gave you AHT yesterday (risen 19% since), let me make aware of MDY........they have had 3 product launches within the last 2 months and have recently formed good partnerships with smiths, walmart and others, the current share price is a steal.

with the recent launches and an impending trading statement and speculation of bid talk from smiths (smiths agm next week) at under 20p I would say there is potential for QUICK and significant profit.

worth a look...imho
Posted at 12/9/2003 14:04 by casino123
talk in the offices this week was alvis ,the preview results look very good,will be out on the 18th ,first target price seems 225 points ,hope that helps you out kc ,if i find out anything else at work i,ll let you know
Posted at 12/3/2003 21:43 by simonevans
You could be right - price has held up well recently. We'll have to wait and see. Given my luck at the moment, given I've sold out, they are bound to announce a major contract win!
Posted at 02/2/2003 19:52 by ashtongray
Agree on this one - lack of contract news not so good, especially for the UK ops which very short of work right now. Could it be that Treasury pressure on MOD procurement programs is pushing new projects timescales out to the right?

Agree that there could be more short term price weakness, although would personally doubt sub £ unless there is some BAE-style project management going on :(
Posted at 02/2/2003 16:55 by simonevans
Unfortunately, I am no longer optimistic on this one. No news on contracts = bad news and I sold at the end of last year, giving them until the end of the year to announce badly needed new contracts. The chart now also says SELL following the sharp movement down last week. I think there is a chance of a profit warning or two on the horizon. Longer term, I still think this company has a good future, but I think I may be able to pick the company up for well below a £1/share sometime soon. Any views?
Posted at 03/8/2002 20:11 by ashtongray
I would agree this stock has great potential, and the acquisition of Vickers is one of the necessary steps. Price reflects the fact that the main product is Challenger 2 & derivatives, lack of success in export markets means that the order book is drying up fast. Plus Alvis will presumably be liable for the redundancy/rationalisation costs that surely are on the way.

Next step for me is that the UK army now needs a new generation of light armoured vehicles to meet the new expeditionary concept - which means air transportable plus suited to the new Navy amphibious warfare ships. Hopefully news on the MRAV will not be too long in coming - this has the potential to be huge.

And ALV is now the sole UK armoured vehicle producer, with strong Scandinavian links. Corporate activity in rationalising the international industry a possibility?
Posted at 23/3/2001 14:57 by maxinvestor
Future is now bright at ALVIS expect significant change in price as this has plugged a hole in their books which analysts were worried about.


RNS Number:9953A
Alvis PLC
23 March 2001

23 March 2001

ALVIS PLC

STOCK EXCHANGE ANNOUNCEMENT

Alvis plc is pleased to announce that its Swedish subsidiary, Hagglunds
Vehicle, has received a further order for CV90 armoured fighting vehicles,
this time from the Swedish MOD. FMV, the Swedish procurement authority, has
placed an order for an additional 40 CV90 chassis valued at approximately #
22m. This order will be largely delivered in 2002, and partially fills a gap
between the end of CV90 production for Sweden early in 2002 and the start of
production for Switzerland later in the year. This will significantly improve
Alvis plc's profitability in 2002.

For further information contact:
Alvis plc Alvis plc

Nick Prest, Chairman and Chief Executive Martin Greenslade, Finance Director

Tel: +44 (0) 20 7808 8888 Tel: +44 (0) 20 7808 8888

Full text of press release: 23 March 2001


P R E S S R E L E A S E

Alvis plc and Hagglunds Vehicle are pleased to announce that FMV, the Swedish
Defence Materiel Administration, has placed an additional order for 40 CV90
chassis worth approximately 300 MSEK from Hagglunds Vehicle AB, part of the
Alvis Group. Consequently CV90 will continue to be produced for the Swedish
Army for a further year. Delivery of the 40 vehicles, will take place mostly
in 2002, with a small number of vehicles being delivered in 2003.

Sven Kagevall, President of Hagglunds Vehicle, said:

"This is a very important order for Hagglunds Vehicle. It gives us continuous
production of CV90 and means we will now be able to avoid the temporary dip in
the production schedule during 2002, prior to the delivery of CV90 to Finland
and Switzerland. This is excellent news for the entire community of
Ornoldsvik.

For further information contact:
Sven Kagevall Nils Hornstrom

President, Hagglunds Vehicle AB Director Public Relations, Hagglunds Vehicle
AB
Tel: +46 (0)660 80190
Tel: +46 (0)660 80604
Mary Ann Griffiths,

Communications Manager, Alvis
plc

Tel: +44 (0)20 7808 8886



The media can choose and download a selection of Alvis plc print-quality
images free of charge from the NewsCast web site. To access these images
simply register your details at the NewsCast site: www.newscast.co.uk.

Hagglunds Vehicle AB is fully owned by Alvis plc. The Hagglunds Vehicle Group
comprises of Hagglunds Vehicle AB in Ornskoldsvik, Sweden, Hagglunds Moelv AS
in Norway and a 50% share in Patria Hagglunds Oy, Finland. The Hagglunds
Vehicle Group employs around 1,000 personnel and has a turnover of 1.8 billion
SEK.

Alvis plc is registered on the London Stock Exchange and is involved with the
design and production of specialist military vehicles. The Alvis Group
turnover in 1999 was #234 million.
Alvis share price data is direct from the London Stock Exchange

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