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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Engage Xr Holdings Plc | LSE:EXR | London | Ordinary Share | IE00BG0HDR01 | ORD EUR0.001 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.15 | -6.98% | 2.00 | 1.90 | 2.10 | 2.15 | 1.95 | 2.15 | 103,110 | 08:24:53 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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23/5/2008 07:32 | True, but why would they put in a low offer and still insist on further due diligence - wouldn't it make more sense to go in higher but reserve the right to adjust the price down if they find anything in the additional due diligence? Maybe they're not so serious about it after all (or are they testing the shareholders' reaction to see whether they need to go any higher)? | cantab | |
23/5/2008 07:23 | Halliburton's offer seems a bit tentative, even after all their "diligence". It looks as though it will drag on a bit longer. | grgkecer | |
23/5/2008 07:11 | And yet there are reasonably large buys still going through at £15.40 - expecations of a counter-offer perhaps? | cantab | |
23/5/2008 05:50 | Halliburton makes rival Expro bid News services US oilfield services player Halliburton confirmed rumours last night by issuing a rival, all-cash bid of £1.7 billion ($3.3 billion), or £15.25 a share, for UK oil services company Expro, beating out an offer made weeks ago by private investors. Umbrellastream, a consortium led by Candover, which includes Goldman Sachs Capital Partners and AlpInvest Partners, had offered £1.6bn, including £200m debt, or £14.35 a share also in cash. Halliburton made its offer on the condition that it is allowed to carry out further due diligence, agreeing to formalise the bid only after seeing Expro's accounts, the Financial Times reported. The board of Expro was meeting last night to consider the rival bid. The Candover-led bid was due to be approved at Expro's extraordinary meeting on 2 June. | grgkecer | |
21/5/2008 11:28 | From FT Alphaville: PM Okay -- we have some RAW here PM Neil just taking down the details PM Untested market gossip NH rumours of a £18 a share counter offer for Expro International from Halliburton PM PM Currently trading at circa 15 quid PM 15.50 NH so that's 30 times prospective earnings PM PM For an oil services firm PM How the world has changed NH at 18 we are talking 35 times NH so if HB does bid that we are talking a strategic price PM And it remains an "if" NH for what it is worth I was worth, the figure I was hearing earlier this morning was £17 NH however, I was told that HB would counter around £16 NH and the exisiting bidder, Candover, which has offered £14.85 I think, then comes back in the region of £17 NH mind you with the oil price where it is I guess this can't be ruled out PM One to watch over the coming days | mirshahik | |
21/5/2008 11:05 | Lol, thanks Cantab. | mirshahik | |
21/5/2008 11:01 | The market is jumpy expecting an announcement from Halliburton in the very near future - somebody over there probably just farted, which was interpreted as a firm indication that they were about to announce their bid! | cantab | |
21/5/2008 10:50 | What's going on? | mirshahik | |
19/5/2008 08:42 | It certainly doesn't stack up with the FT comment last week. I can't see the benefit to Halliburton of just making a preliminary offer - what's the point of them encouraging a bidding war? If they want the business and there are no problems in the due diligence it would make a lot more sense for them to just go for it and take Candover out of the game. Given that Candover's bid has the support of the board surely Halliburton need to add a pretty decent premium (10%?) to give them a real chance of succeeding. The figure of £1.8bn isn't consistent with the quoted price range, as this would give a price per share in excess of £16. The journalists are probably just giving themselves a wide range so that they aren't made to look foolish when the real numbers come out. I guess we'll know by the end of the week. | cantab | |
19/5/2008 08:11 | A preliminary offer could be pitched at 15 pounds to 16 pounds a share That doesn't sound exactly like a "knockout". In fact, it suggests they would expect Candover to increase their offer. | grgkecer | |
17/5/2008 08:39 | thanks Cantab, that would be fantastic news. | madmonkflin | |
16/5/2008 07:15 | News on FT.com of a possible £16 "knockout" bid from Halliburton early next week. Maybe that would explain the lengthy due diligence. | cantab | |
09/5/2008 18:02 | This degree of "due diligence" begins to look more like industrial espionage. (. . . and log tables.) | grgkecer | |
09/5/2008 07:40 | Is all this deafening silence the sound of due diligence being done, and slide rules being silently slid. (Slide rules - remember them?) | thamestrader | |
22/4/2008 14:57 | Candover-led Umbrellastream buys 7.79 percent Expro stake LONDON (Thomson Financial) - Umbrellastream Ltd., a consortium led European private equity firm Candover and investment bank Goldman Sachs, has bought a 7.79 percent stake in UK oil services provider Expro International Group Plc. Umbrellastream last week made a 1.605 billion pound all-cash bid for Expro, equivalent to 1,435 pence a share. US energy services group Halliburton on Friday confirmed it is considering a rival bid for Expro that will exceed Umbrellastream's offer. | mirshahik | |
22/4/2008 13:02 | The plot thickens! | mirshahik | |
18/4/2008 15:29 | Halliburton Company ('Halliburton') - re Expro International Group plc ('Expro') Halliburton notes the announcement by Umbrellastream Limited ('Umbrellastream') of a recommended offer for Expro. Halliburton considers the sub-sea and flow management sector to be an area of potential expansion for the company and confirms that it has been in discussions with the Board of Expro which may or may not lead to an offer being made for Expro. Any such offer, if made, would be solely in cash and at a premium to the price per share proposed to be offered by Umbrellastream. The offer would be based on Halliburton's analysis of synergy and other benefits that could be derived from combining its business with Expro and consistent with the company's previously espoused strategy of making acquisitions which are accretive to shareholder value. Halliburton is currently conducting its due diligence on Expro. A further announcement will be made in due course. | doverbeach | |
18/4/2008 14:57 | So it is Haliburton. | mirshahik | |
18/4/2008 07:49 | There's considerable overlap between HAL and EXR, HAL only need a few of EXR's key technologies. I can think of at least one other company out there that needs ALL of them, and if Ba.... sh*t, nearly said it. | thamestrader | |
18/4/2008 07:47 | Here's the story.... Halliburton Weighs Rival Offer for Expro, People Say (Update1) By Edward Evans and Ambereen Choudhury April 18 (Bloomberg) -- Halliburton Co., the world's second- largest oilfield-services provider, is considering an offer to buy Expro International Group Plc to counter a bid from Candover Partners Ltd., said two people with knowledge of the discussions. Halliburton, which is studying Expro's accounts, wants to add Expro's equipment used to test offshore oil wells to its on-shore business, said the people, who declined to be identified because the negotiations are confidential. Talks are still at an early stage, the people said. Expro yesterday agreed to a 1.61 billion-pound ($3.2 billion) bid from a group led by London-based private-equity firm Candover, along with a unit of Goldman Sachs Group Inc. The offer was for 1,435 pence a share. Expro today climbed as much as 3.8 percent to 1,500 pence in London trading. The Reading, England-based company said yesterday another bidder was considering an offer, without identifying the suitor. A call to Expro's U.K. offices went unanswered outside normal business hours. To contact the reporter on this story: Edward Evans in London at eevans3@bloomberg.ne Last Updated: April 18, 2008 03:18 EDT | thamestrader | |
18/4/2008 07:24 | According to Bloomberg the company Halliburton oil have said they are thinking of making an offer for Expro. Shares in Expro are up 54p. | macmoss | |
17/4/2008 13:25 | Yes, sorry, £14.35. I'm afraid my fingers do not always type what my brain tells them to do! I see that so far today the share price has been as high as £14.67 so a small premium to the offer price. As I type shares are changing hands at around £14.54. Other parties are looking at Expro so a higher offer is possible. The directors are recommending the present offer but their share holdings are not at all significant so I guess it will be the institions that have the final say. As I said, I am happy with the present offer, having paid less than £3 for each of my shares, but the fair value Of £17 mentioned by the fund manager on Bloomberg would be even more pleasing. | macmoss | |
17/4/2008 07:21 | £14.63? For each Expro Share 1435 pence in cash | grgkecer | |
17/4/2008 07:14 | This is what I said in in my postings on 8th April when the share price was around £12.40 "Chart looking interesting. Need to break the recent highs for a possible run to £15. Fund manager Jane Coffey said on Bloomberg, about 8 weeks ago, that this company was worth over £17 and that she was prepared to continue to hold the stock." and "I respect Jane Coffey's view that Expro is worth £17. I accepted her comments on face value. As a holder of Expro for more years than I can remember I would be very happy with £15. I am saying £15 based on completion of a potential chart pattern, but it is dangerous to buy in anticiaption of a breakout above resistance, which I see at around £13. IMO £15 should be the level the share price should attain based solely on the chart with no reference to the potential bid." It will be interesting to see if other institutional investors agree with Jane Coffey and hold out for a higher offer. I am very happy with the £14.63 but if we see the share price trade above the offer price today then there is the chance of a higher offer. | macmoss |
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