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Aveva Grp Share Chat - AVV

Share Name Share Symbol Market Type Share ISIN Share Description
Aveva Grp LSE:AVV London Ordinary Share GB00BBG9VN75 ORD 3 5/9P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -50.00 -2.17% 2,250.00 2,245.00 2,247.00 2,285.00 2,203.00 2,280.00 250,729 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 208.7 54.9 65.1 34.6 1,438.84

Aveva Share Discussion Threads

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What goin on ererevell40
Interesting - 2234/42 at close with 100k traded then 167k in the auction at 2300 and a further 156k at 2300 after that.sharw
Citigroup AVEVA Group PLC 23/07/2015 Upgrades Neutral Buy 2 2,025.00 2,660.00 2,241.00 635 2broadwood
Comments from Liberum: hTtp://citywire.co.uk/money/the-expert-view-royal-mail-bt-and-legal-and-general/a828248?re=35171&ea=137699#i=3sharw
UBS raised its price target on Aveva to 2,600p from 2,210p following news that the company has agreed a reverse takeover by Schneider Electric. It said the proposed deal looks sensible and there should be cross-selling opportunities created, although it expects cost saving opportunities to be modest. "While FY 2016 is likely to be a tough year for both Aveva and Schneider Software, if we assume 5% growth in FY 2017 for the pro-forma business and some margin expansion (200 basis points) as a result of cost efficiencies, we can anticipate a business with an EBITA of nearly £150m, compared with £64m in our current model," the bank said. It noted that the deal is unlikely to complete before the end of calendar 2015 and said it does not expect to see any anti-trust issues. "Applying the 21x to Aveva's 2017 estimated earnings, adding Schneider at book value (an implicit 19x) and taking account of cash returns gives a 2,600p price target," said UBS. It rates the stock at 'buy'.broadwood
Not sure what happens now. Normally in the event of a takeover, you'd sell, take the money and run. In this situation, the company stays listed and analysts are pointing to further upside on the share price Guess we just buckle up and hold on for the ride then.ruethewhirl
Analysts said Aveva's merger with Schneider was "transformational" as shares in the software firm rocketed. Shares were up 27.82% to 2,265p by 1140 BST after Aveva announced the reverse takeover deal. Investec labelled the deal "transformational" and lifted its recommendation from 'hold' to 'buy'. Analysts at Investec lifted its price target for the FTSE 250 stock from 1450p to 2600p. The deal comes at opportune time and has many merits, Investec said, as Aveva was suffering from its high exposure to oil and gas. Investec said the diverse base of the business and opportunity for cost savings addressed its previous concerns. Numis estimated the net effect of the deal would be £10 per share in cash. It had no rating on the stock as it is acting as sponsor and broker. "In a single deal this brings Aveva capabilities in all the areas it has previously identified as strategically attractive - simulation software, a strong US presence, a much greater footprint with owner operators -covering we believe over 70% of plants globally- and market leading products in a wide range of industrial software," Numis said. Analysts at Numis said the deal creates a global leader in industrial software.broadwood
FLASH: Investec lifts AVEVA Group to buy from hold, target raised from 1450p to 2600p Mon 20 Jul 2015 11:02 Story provided by StockMarketWire.comcestnous
Didn't think a take over offer would happen so soon after it was announced as a possibility in the news media.ruethewhirl
Jees glad I didn't sell on recent share price weakness. I needed some good news after the Lord's Ashes Test.ruethewhirl
A very interesting deal. I wonder what this means for the share price medium term?jch18
Pretty irrelevant should a bid come along. Citigroup downgraded its stance on Aveva to 'neutral' from 'buy' saying the valuation is up with events. While it continues to believe that Aveva is a high quality mid-cap name, Citi said that after the recent run - the shares are up 53% year-to-date - driven at least in part by ongoing bid speculation, the shares are trading at a significant premium to historic multiples. "We highlight Aveva's share price and multiples have historically shown a strong correlation with the oil price. With Citi economists forecasting little recovery in oil prices ($75 per barrel by December 2016), we struggle with the recent move, and the resultant premium valuation and downgrade the stock," said Citi. It said the key to drive the shares further from here would be progress on a number of key strategic initiatives and a further recovery in end markets. Citi group said the business remains well placed for solid growth given its strong market positioning and uptake of its E3D software. Citi raised its target price on the stock to 2025p from 1745p as it introduces its long-term discounted cash flow growth assumptions.broadwood
Where's this skyrocket going to stop? Happy to ride it for the time being.ruethewhirl
Off and running again.broadwood
- Engineering software company Aveva Group PLC is understood to be an acquisition target for a slew of US and European suitors, The Sunday Times reports. Senior City sources told the newspaper that Aveva is likely to be targeted by French energy group Schneider Electric SA, US conglomerate General Electric Co, and US-based manufacturer Emerson Electric Co. Aveva is set to publish its full-year results on Tuesday following a difficult year compounded by a profit warning it issued in Septemberbroadwood
Engineering software group Aveva topped the risers on weekend reports that it could be an acquisition target of Schneider Electric, General Electric and Emerson Electricbroadwood
There was an interesting discussion this morning here: http://ftalphaville.ft.com/marketslive/2015-05-18/ There are two sections (search Aveva or AVV to get straight to them). You may need to register but that is free.sharw
Fantastic, if true. Emerson to be joined by others. Striking whilst the oil price is low?broadwood
"A PACK of European and American conglomerates are plotting bids for Aveva, the £1bn British engineering software developer." hxxp://www.thesundaytimes.co.uk/sto/business/Tech_and_Media/article1557075.eceruethewhirl
Any more upward on this ?stevenrevell
Nice uplift.ruethewhirl
Bid coming? Aveva takeover rumours re-emerge as US-based Emerson eyes spree Shares in Aveva have continued their rise this week as City rumours about a potential US takeover have bubbled to the surface after almost a year lying dormant. The engineering software group last September issued a profit warning related to the plunging oil price that scared off many investors and the apparent interest of US engineering conglomerate Emerson. But the US company's chief executive David Farr has recently said he is looking to pursue sizeable deals in order to placate anxious investors. After spending time with the company recently, Credit Suisse confirmed Emerson was "actively" considering strategic options. "With a diverse portfolio, under-levered balance sheet, and several strong global franchises, EMR is clearly well-placed to enact considerable strategic change. We think the CEO sees this, and is now willing to undertake several such steps, which should help reverse the stock's performance, and improve investor sentiment (which has become extremely negative)." Aveva has been coincidentally connected to Emerson last summer and the new whispers seem equally speculative, though some media reports have mentioned a possible private-equity cash offer in the region of £24 a share.broadwood
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