Candover Investments Share Discussion Threads

[skyship] 24/5/2014 10:10

A £20m upgrade would certainly give us a further boost. As an Aide Memoire, here are the stats for EXPRO:

Dec'13 Val'n = £72.6m.....333p/share

Sale @ £80m provides 367p/share (+34p, so NAV up to 749p)
Sale @ £90m provides 413p/share (+80p, so NAV up to 795p)
Sale @ £100m provides 459p/share (+126p, so NAV up to 841p)
Sale @ £110 provides 505p/share (+172p, so NAV up to 887p)

Please advise if my figures need amending.

[badtime] 24/5/2014 09:51

SKY ..yes i had seen the LEAF bit...fully invested in my ISA...and i now have to consider timescales on my SIPP..but certainly giving it some thought

[topvest] 24/5/2014 09:05

Oh yes, from the Expro financials I thought that looked a bit low - so c$3bn net or £1.8-2.0bn. 4.7% of this = c£90m which is about what they paid in the first place or c£20m above latest valuation. I would have thought that the outcome is anywhere between £80m and £120m for Candover depending on market conditions and whether or not there is a bidding frenzy.

[skyship] 24/5/2014 08:57

Hi BT - Yes thanks. Email still very slow here, but at least back on after a 12day hiatus! Have you noted the mention of LEAF over on the SL thread? Always encouraging when Tilts joins the party!

[badtime] 23/5/2014 22:12

SKY...off topic..did u get me email?

[bgyered] 23/5/2014 21:42

Candover CEO M J Fallen picked up 12500 ordinary Apr 29 jumping from 525 to 565 in less than a month....bet he wishes he'd filled his boots now.

[badtime] 23/5/2014 21:04

good to see the price up a tick in the meantime

[skyship] 23/5/2014 20:51

Then of course the Bloomberg piece suggests £3bn - a rather large step up from $3bn! We just have to be patient and wait this one out...

[bgyered] 23/5/2014 20:35

Expro announce £2bn order book gaining £500m in last quarter:
hxxp://www.exprogroup.com/news/2014/may/5/expro-announces-$2-billion-order-book-celebrating-the-end-of-its-40th-year/

[topvest] 23/5/2014 19:27

Isn't that the enterprise value including debt?

$3BN - $2BN of debt = $1bn equity

[pyemckay] 23/5/2014 19:04

this is getting very interesting indeed

[skyship] 23/5/2014 18:56

pye - yes, that is c. the number reported elsewhere too. Fingers crossed.

An EXPRO sale or IPO has to be the deal breaker here:

[pyemckay] 23/5/2014 18:36

nearly choked there, $3b is a very big number for the takeover if it happens as reported in that article.

[skyship] 23/5/2014 16:52

Thnx to SeekerofValue for this link. See Para 6:

[jaws6] 16/5/2014 16:12

some one paid 565.5 for 5000

[tiredoldbroker] 15/5/2014 16:04

Ptolemy... yes, the companies that later went on to make up MP Evans... I think I came out with 10x what I'd invested - happy days!

Mostly busy with food consultancy and publishing projects these days, still plenty of demand for foodie books out there and some interesting ideas around.

[jaws6] 13/5/2014 08:45

Good start of day ,any note out yet ?

[badtime] 12/5/2014 22:48

hav to say i took a further nibble today

[topvest] 12/5/2014 20:08

The EXPRO exit is getting closer given their results are at the end of May. Twin track float or disposal expected to be in progress for the summer then. I'm almost tempted to buy some more!

[jaws6] 12/5/2014 11:03

RNS out with 715 nav

[tiredoldbroker] 09/5/2014 23:01

No, not Tilton... but I have my own rep. There are those who'll recognise my name. but it's fine if you don't.

[badtime] 09/5/2014 22:20

Ah..i thought thats what it might be...still, surprised he's not in really

[asmodeus] 09/5/2014 21:28

Don't think it is Tilts really. Just a leg-pull attempt on my part based on "tiredoldbroker". Tilts, of course is neither tired or old, to my knowledge, and is highly respected, of course.