Dechra Pharmaceuticals Share Discussion Threads

[gbh2] 04/2/2008 08:50

Results out 26th so maybe we'll see where the savings are to be had re Vetxx!

[jfinvestor] 12/12/2007 22:58

Note that the acquisition is on a debt free basis. See para one of the statement

PROPOSED ACQUISITION OF VETXX

PLACING & OPEN OFFER OF 11,624,544 NEW ORDINARY SHARES AT 303 PENCE PER SHARE ON
AN 11 FOR 50 BASIS



1. Introduction

Dechra announces today that it has conditionally agreed to acquire the entire
issued and to be issued share capital of VetXX for £61.7 million on a cash free, debt free basis, payable in cash upon completion.

[shuisky] 12/12/2007 08:24

And here is the answer to my earlier question.

I have only had time to take a brief look at this, but I'm struggling to see the value. Perhaps others may have a more positive outlook.

A £35m placing at 303p in order to raise funds to pay £61m for a business with (06) net debt of £54m, that only made £4m in (adjusted) operating profit in 2006, and which is only growing sales at 6%

I'm sure there are significant synergies here, but given the current environment, this does not look like a cheap deal. The sellers at the private equity firm must think Christmas has come early.

[weemonkey] 10/12/2007 10:58

pe has got a little bit fancy for a stock of this sort- that is the only thing that I think might be holding this one back - that and general small cap weakness

[jfinvestor] 30/11/2007 23:51

Schroders - the largest shareholder - recently upped their stake.
Absence of sustained upward movement following the update is rather strange given how well the business is trading, but the whole smallcap arena has seen some really odd moves of late.
If I had any spare cash to invest would certainly be adding to my existing stake down here.

[shuisky] 30/11/2007 17:54

Who, in their right mind, is selling this? Baffling.

[gbh2] 30/11/2007 08:59

seems to be suffering since last update, any ideas??

[weemonkey] 02/11/2007 13:18

I hope there is no bid. would like things left as they are thank you very much.

[weemonkey] 28/10/2007 17:08

i think that the shares have just gone up on the back of a very good trading statement

[technocat] 27/10/2007 14:43

hav'nt seen anything more in the press, the company's said nothing so it looks like it was just speculation. The share price has stuck around the higher levels and is one of the best performing shares in my portfolio so I'm happy

TC

[one for the money] 22/10/2007 09:01

technocrat

It was a substantial rise.

Any more details on the rumoured approach? I haven't heard anything and my first thought was it must have been some broker upgrade causing the rise.

Cheers
john

[technocat] 20/10/2007 15:42

From Fridays FT Dechra Pharmaceuticals jumped 10.1% to 395.25 (407.25 at the days high) amid talks the animal medicines group had received an approach !. The share price edged down Friday morning but recovered its momentum in the afternoon, make of it what you will

TC

[one for the money] 18/10/2007 17:49

Interesting move today

Cheers
john

[weemonkey] 04/9/2007 09:10

that new drug approval is going to be huge for dechra

[wib333] 20/8/2007 08:36

good start

[weemonkey] 15/5/2007 15:52

nice uptick on this news

can anyone spell out the implications of this deal in pounds shillings and pence for Dechra? Not quite sure I understand it all.

[waldron] 27/4/2007 08:50

Dechra Pharmaceutica Dechra Pharma buys Leeds Veterinary Laboratories for 750,000 stg


LONDON (Thomson Financial) - Dechra Pharmaceuticals PLC said it has bought
Leeds Veterinary Laboratories Ltd (LVL) in a cash-and-stock deal worth 750,000
stg, enabling it to increase its market share.
For the full year ended May 31, 2006, LVL posted a pretax profit of 74,000
stg on sales of 955,000 stg, Dechra said.
Ian Page, chief executive of Dechra said: "Strategically, LVL increases our
market share and skills set within the veterinary laboratories market."



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[weemonkey] 26/4/2007 12:52

if this breakout is like the last one we should do another 25-30% from here.

have a pssing interest in technicals - prefer fundamentals though.

[gbh2] 24/4/2007 11:09

What's the close date for dividend qualification?

When are they paid out??

[weemonkey] 24/4/2007 10:22

and clearly it is conservative. just hit 350 will come off a bit from here as profit takers take a bit off the table.

looks promising and will spike agian this afternoon I reckon

whatever beginning of a nice breakout for the medium term

and why not great management and great business with predicatable income streams

[weemonkey] 24/4/2007 09:13

breaking through nicely

I think dkw's target of 340 looks conservative

[mallet3] 22/4/2007 21:19

DPH is one of the hidden gems that few people know about. It is an essential part of any portfolio. Good solid growth, decent divi yield, excellent mgmt, expanding markets, new territories and much more. Treating companion animals is a niche the big boys have not been to bothered with, leaving DPH the chance to make hay. The fact that Dresdner have picked up coverage means more people will be attracted to the company, which will do no harm to the share price. Just because the mkt cap is not huge it does not make a company like this a huge risk to invest in. I am looking forward to holding on for another four years of good solid defensive (but not pedestrian) growth!!!

[weemonkey] 20/4/2007 13:26

we are through . a close around 222 would be good