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Autonomy Share Chat - AU.

Share Name Share Symbol Market Type Share ISIN Share Description
Autonomy Corporation LSE:AU. London Ordinary Share GB0055007982 ORD SHS 1/3P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 2,549.00 0.00 0.00 - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 557.6 180.8 57.7 42.7 6,354.58

Autonomy Corporation Share Discussion Threads

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I happen to believe that one of the main reasons that the Yanks went into Iraq, was to stop Saddam from selling oil in Euros, as he had threatened. Iran sells oil for Gold - and China and Turkey (amongst others) buy from Iran, using materials/commodities and/or services. Turkey has been buying its citizen's Gold to sell to Iran in exchange for oil... Hence the strong buying by Turkey's Central Bank. BUT, they're not alone. Gold (IMHO) is not far off capitulation, before a streak back up to it's new all-time high circa 2018-22. Price for Gold this a.m. - $1271.88 but the World's Central Banks are waking up, particularly in non western aligned countries. - BRICS, et-al. W.wstirrup
Yes as I understand it they are indeed gunning for all concerned and will not be taking apparent falsification of accounts lying down. It will be interesting to see how things play out.mike111d
HP are trying to Lynch him.orange1
Strange to see that HP now reckon that Autonomy was worth a fraction of the price they paid and are going to court. What happens to Lynch now.robwt
football,you said it,we all thought it.fieldhouse
I guess that this is the end of the road for au.A bit sad as have been invested here for the longest of any of my shares.Have bought a load of Blinkx.I think ML will keep his magic going there.Good luck to all.Anyone heard from Clubby,he created a bit of side show. Good by Autonomyfieldhouse
Yep,in my barclays account yesterdayfieldhouse
Mine too at TDW18bt
Despite the above, the cash appeared in my account with NatWest Stockbrokers yesterday.alan@bj
Its all in the "offer update" link in the header.skinny
Actually there's a link on Autonomy's website entitled "HP offers to acquire Autonomy". Click on that and it takes you straight to all the relevant announcements and documents. Looks like HP needs 75% to make the offer unconditional, after which it will require Autonomy to delist from the stock exchange and shareholders will get paid out within 14 days.alan@bj
If HP have a majority of acceptances - I think that means they have to have more than c.70% - then the takeover gets firmed up and shareholders should get paid out within 14 days. But we have to wait until HP announce whether they've got enough acceptances, and if not, whether they are going to extend the timeframe again. The exact number of acceptances required and when shareholders get paid out are both in the Offer Documents, which you can find in the Investor Relations section on Autonomy's website.alan@bj
So what happens to shares held after today? Are they automatically 'cashed in' by the broker?tr65
It is today. This from the Financial Times 13th September:- Hewlett-Packard has extended the deadline for its £6.7bn ($10.6bn) takeover for Autonomy after fewer than half of the UK software company’s shareholders approved the bid. However, analysts said the deal was still on track and the delays merely reflected the large number of hedge funds who have taken positions in the company since the deal was announced. Such investors typically wait until the last possible moment before accepting a bid offer. In August, HP launched a takeover bid for the FTSE 100 group and asked Autonomy shareholders to rubber stamp the £25.50-a-share cash offer by September 12. At a 79 per cent premium to the £14.29 closing price of Autonomy the previous day, the deal was seen as highly advantageous to the UK software company’s shareholders. “With Autonomy’s takeover by HP, its shareholders have been presented with a handsome reward – a 32.8 price/earnings ratio on our estimates,” said George O’Connor, an analyst at Panmure Gordon However, more than 48m Autonomy shares were traded on August 18, the day the deal was announced, bringing dozens of hedge funds into the shareholder register. HP said on Tuesday that shareholders representing only 41.6 per cent of Autonomy’s equity agreed to the deal when the deadline expired, forcing the US group to extend its offer to October 3. However, it is not uncommon for an offer period to be extended two or three times as acceptances are gathered in. “There is no real sense that the deal is falling off track. The stock price has not traded down,” said Milan Radia, analyst at Jefferies. “This is a deal that would be very difficult to disrupt because of the importance of securing the co-operation of the management.”alan@bj
20430, the following was released as an rns, so I assume that shareholders could have accepted the offer up until 9am this morning, but I also note that the Halifax sharedealing site stated 26th Sept.. Hewlett Packard: Offer For Autonomy Open For Acceptances Until Oct. 3 Hewlett-Packard Company (HPQ), said Wednesday that the recommended cash offer by Hewlett-Packard Vision B.V. to acquire the entire issued and to be issued share capital of Autonomy Corporation PLC (AU.LN), will remain open for acceptance until 0900 GMT on Oct. 3, adding that it is not currently aware of any impediment to the Offer being declared unconditional in all respects. MAIN FACTS: -HP Vision, an indirect wholly-owned subsidiary of Hewlett-Packard Company now confirms that decisions authorizing the Offer have been made by the Irish Competition Authority and the German Bundeskartellamt and that the Austrian Federal Competition Authority has withdrawn its application for an in-depth examination of the Offer, and, as a consequence, that the condition in relation to the Non-U.S. Filings set out in paragraph 1(C) of Part A of Appendix I to the Offer Document has also been satisfied. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.comsm001
Thanks hirani2: So did I but visiting Barclays Stockbroker site it is still stating 28th september. Has anyone else more info?20430
I though the deadline was at noon on 3rd october .hirani2
What is the situation re HP bid I understand it has been extended.20430
Maybe Oracle are going to counter bid so that Larry Ellison can sack Mike Lynch?alan@bj
question: why would deutsche bank be aquiring millions of shares in au. at around 2540p with the 'hope' of selling them for a 10p per share profit?sm001
Thanks - I've corrected the link and yes agreed.skinny
Skinny - Your link doesn't seem to work. Here's the full one:- www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/electronics/8797853/Mike-Lynch-suffers-a-reversal-of-fortunes.html A short would certainly be more profitable than the takeover premium if HP could find a way to wriggle out of it.alan@bj
Anyone fancy a short!. Mike-Lynch-suffers-a-reversal-of-fortunes.skinny
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