|Edin. New It
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Real-Time news about Edin. New It (London Stock Exchange): 0 recent articles
|gurlywurly: I was but sold last week on the back of press rumours that all was not well with the bid for Victor Chandler, the online bookie. The way the markets have been any stories like this send people running for the exits and I had already lost enough on this one. If this turns out not to be true or immaterial to share price then I may jump back in as on the face of it they are undervalued imho. Has anyone else heard anything about VC? I'm not quite sure though about the spectrum of all their various interests - Warner Bros Stores, Vegas Restaurants, Victor Chandler, Paradigm, Glasgow Rangers, stake in Autonomy - seems a bit of a hotchpotch to me but that's just my opinion.|
|hboy: Enic have found themselves in major limbo these last few months with market sentement being only negative towards tech businesses.after agreeing a market valuation for potential targets,the board have had to realign costs on aquired stocks.now this has been done the whole enic group will go forward with three possible aquisitions,the idea is that now they can buy without prejudice to current trade price (138p).with any out goings being totally outweighed by massive holdings in autonomy.with two seperate firms giving autonomy a strong buy recomendation and priceing the upside to reach 85.000p 0r £85 the share price on enic would be at 244.00 0r £2.44,for autonomy to reach £45.this leaves enic in very cheap mode for those investors getting in and out short term,(6months-9months).STRONG BUY EST PRICE 6 MNTHS 230.00
EST PRICE 18 MONTHS 400.00
I DO HOLD ENIC SHARES AT VARIOUS LEVELS
I WILL GIVE MORE PRECISE AQUISITIONS IN NEAR FUTURE.
|cat: From Citywire:
07:36, Wed 25 Oct 2000
Enic sells a little Autonomy
Sports and leisure investment group Enic has sold 255,000 shares of Autonomy raising about $13 million.
The book cost of the investment in Easdaq/Nasdaq-listed Autonomy was £88,000.
The cash proceeds will be used for general corporate purposes.
The group's residual stake of 4,245,000 shares, which is held by its fully owned subsidiary, Siapita, has a market value of $205 million (£146 million) based on the mi-market closing price of Autonomy on 24 October of $48.30 per share. The holding represents 3.4% of Autonomy.
Enic's market capitalisation is currently £144.6 million based on the share price at close yesterday of 148.5p. Translating the Autonomy stake from dollars to sterling gives a value of £144.4 million. The rest of Enic's business is therefore in for absolutely nothing.
We have made this point before - perhaps the market is discounting the Autonomy stake to account for market fluctuations and use of proceeds by the company. Even so there appears to be upside once again in Enic shares.|
Edin. New It share price data is direct from the London Stock Exchange