Axon Share Discussion Threads

[wilmdav] 29/8/2008 23:51

bb FMR/FIL is FMR Corp & Fidelity International, all part of the same group. Normal reporting threshold is 3% I think.

I've never paid much attention to these forms before. The EPTs (Exempt Principal Traders) are dealings by institutions acting as advisor or broker to one of the companies involved, i.e. ABN AMRO - Infosys, Citi and Panmure - Axon.

BlackRock has only purchased so far, 117,827. (now hold 8.56% + 2.54% derivatives.
FMR has only sold, 68,500. (still hold 4.2%)
Barclays purchased 22,008 and sold 83,435 (still hold 4.14%)
Citi purchased 136,000 and sold 44,596.
Panmure purchased 38,925 and sold 38,678.
ABN AMRO purchased 1,470 and sold 1,470.(all purchased and sold below 600p - guess where they went!)

All pretty small beer so far.

[blockbuy] 29/8/2008 14:41

who are FIL/FMR..............they've been buying at someopoint with over 4%.............is the reporting threshold 5%???????????

nice to see 8.3 hits anyone holding more than 1%............get to see more of who holds what...........

nice..............

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[blockbuy] 29/8/2008 13:18

Joe...........your forgetting the interims beat last years interims and the share price last year was over that fiver in fact stayed well over £6 for most of the year until the subprime mess kicked in................

notice the bid news came out on Sunday/Monday which grabbed all the headlines then the interims came in on Tuesday but everyone was talking about the buyout.............

personally I think the bid price is holding the share price back..................

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[joestalin] 29/8/2008 12:42

Yes, many of them mine, no doubt.

If the TO does go through, as AXO mgmnt clearly want, I am getting the settlement early. If there is a counter bid, I lose maybe 10-15%. This I can live with as the money has gone into AEX, AST, NPE, MOG, DNX, HOIL and IPL all of which are at a ridiculous discount to NAV.

If the bids come off the table and the share price descends back to say a fiver, I will be back in, at a much reduced level as there is value in the company. But otherwise, Thanks very much, AXO, you doubled my money.

Good luck to all those who remain in.

[wilmdav] 29/8/2008 11:36

BlackRock have now purchased c. 115,000 shares since the offer - hopefully not on behalf of Infosys! Early days yet though.

[blockbuy] 29/8/2008 09:08

morning all........keep an eye on tropcal storm Hanna..........not been mentioned yet, but coming up over the top rather than underneath like Gustav..........not sure what it'll come to as those waters tend to be a little cooler on the Atlantic side.............

+600 trades again today................thinkg is the share price would probably be around this price anyhow considering the interims which blasted last years interims out the water............

nice.................

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[blockbuy] 28/8/2008 18:18

financial tab above has Axon Enterprise value at £371m..............so not much of a premium being paid for an already established business and a foot in the European door for Infosys.........imo..................

[blockbuy] 28/8/2008 14:50

US going well...........GDP is up..........3.3% v 1.9%........moving away from recession so they say.................tropical strom gustav needs to have perfect condtions to create a monster of a hurricane and they seem unlikely according to some chap on cnbc last night........dont bet on the hurricane he said.............

freddie and fannie getting themselves out of trouble.........or was it unsubstantiated rumours in the first place to crete a trading oppourtunity..........

Axon still floating around £6 despite this years H1 figures smashing last years and last years share price never dropped below £6 from Jan onwards.....,(see graph above)...............

Infosys will be getting the company far toooooooo cheaply at £6 imo.............£8 seems a far more sensible number in current climate...........(look at last years chart)............they may be forced to up their offer if the inistitutions are rumoured to say no...............

nice............

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[blockbuy] 28/8/2008 10:25

morning all............good spot Wilm...........still trading above the offer price.................

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[wilmdav] 27/8/2008 20:53

"Investors Chronicle View:Aug 26 2008

Although Infosys' bid for Axon has been agreed, shareholders should still wait for further developments. Sit tight."

[blockbuy] 27/8/2008 16:17

so, previous history has Captia doing deals with Axon...............another possible suiter?????????

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[blockbuy] 27/8/2008 13:50

Blackrock buying ???????????

wow............


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[blockbuy] 27/8/2008 09:53

morning all...........yep, though about this long and hard last night...........with continued decent double digit growth then £6 is far too cheap............talk of £7 is just to get the ball rolling imo...........

they know what the potential of Axon is hence the offer during the panic market times.............look at QXL as a prime example.............offer came in for what £7 (before the 1:20 consolidation as I remember I think)......................ended up being taken out and renamed TRADUS (TRAD) all in all I think around £180 per share (ignore the 1:20).............now not saying that's goimg to happen here, but should never accept the first bid as there's always one or more interested whrn companies do well..............

here's hoping............

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[blockbuy] 27/8/2008 09:46

morning all...............yep thought about this long and hard last night..............with the continued double digit growth £6

[wilmdav] 27/8/2008 09:28

"Axon rises 21% on persistent talk of bid to counter Infosys" (FT)

[stoph] 27/8/2008 07:54

In City AM this morning under heading Rival bidder theory helps Axon surge,
Jonathan Imlah of Altium Securities is quoted as saying that Axon is a global leader in its field. We believe there is room for a counter-did closer to 700p a share, in an investment note to shareholders.
I think 600p is far too low

[wilmdav] 27/8/2008 01:40

I've updated the performance bar charts on here:



It's hard going in the US at this stage, 42% of revenue but only 14% of operating profit.

[spacecake] 26/8/2008 18:04

Joe thats a very rational analysis, it would be nice if a counter bid pops up but in the current climate unless that counter bid comes, its over.

Last year the Hunters sold a large wedge of shares @ a price way above where we are now and I just wonder who paid top price for them?

[ianst99] 26/8/2008 16:19

As alerted by Wilmdav post 8963 alter post 8958 with the correct %

[milacs] 26/8/2008 16:19

Bye then Joe

M

[joestalin] 26/8/2008 16:07

No, I am not aware of any, nor do I expect any in the current climate.
Sorry, but I think this is the end of the road.

[blockbuy] 26/8/2008 15:14

you privvy to the other potential bids then Joe?????

[joestalin] 26/8/2008 15:12

Nor will it increase by more than say 10% - Do not fall in love with a share, it will not fall in love with you.

[wilmdav] 26/8/2008 14:54

Jo

I agree with bb. Instos will be networking.

OK, move on if you think you have a better place for your money. But for those who don't, why the hurry? This could flush out another buyer within a few weeks. No point in abandoning ship until we have a better idea whether or not that's the case. Price is not going to drop below 600p.

PS I'm already up to the eyebrows in E&P (oil exploration & production).

[blockbuy] 26/8/2008 14:21

yeah, but the insti's own a greater % and will be pushing for a decent return imo............

not sure exactly what the % owned is, but the thread header has insti's holdung around 53% and not seen much in the way of reported sales RNS................

Lloyds will want a decent profit, so too Blackrock imo...................and whilst the company continues to produce significant growth there's no reason not too..................

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