Flowtech Fluidpower Share Discussion Threads

[psolomons] 11/6/2008 02:21

Autodesk know that Mentor are trying to get the company for 104p so clearly they wouldn't be talking to FLO unless they are considering offering more. This has some way to run, especialy if Mentor are 'determined' to get their hands on FLO. If i had some spare cash..............

[bungler] 10/6/2008 14:04

No love lost between Flo and Mentor is there - the statement is clear: "the Board are pleased to note Mentor have received such a low level of acceptances for its offer".

[varies] 10/6/2008 11:54

eezvmt
I suspect the reason for the modest price fall today is simply that some shareholders want or need their money now. In the absence of further news we could easily see a couple more pence come off.
For those who don't, the odds seem to favour hanging on as we have a floor of 104p for the time being and no ceiling.
FLO are certainly putting up a good fight and, if there is a successful cash bid, it is the buyer who will end up paying FLO's expenses.

[techmark] 10/6/2008 11:43

Clearly Mentor is in the driving seat having acquired almost 30% at 104p. This should enable them to outbid any rival. Unless the rival makes a high offer that is.

[bungler] 10/6/2008 10:40

Does anyone have access to the full article in Investors Chronicle? I like the bit about Mentor being "determined to get its hands on Flomerics":

Have tried to post the link but ADVFN keeps deleting. Perhaps it's a copyright thing.


Smallworld: Has Flomerics found its white knight?
Created: 9 June 2008 Written by: Malar Velaigam
Software engineering specialist Flomerics saw its shares a hit high of 112.5p as a new bidder declared its interest in buying the company. The newcomer is US-quoted Autodesk, and management hopes that the new bid will take the sting out of an increasingly hostile bid situation with another US-quoted software player, Mentor Graphics. If Autodesk does make a formal offer, things may get ugly, as Mentor appears determined to get its hands on Flomerics.

[littlemadam] 10/6/2008 10:23

mms looking for cheap(er) stock maybe? Certainly not on share turnover!

[eezvmt] 10/6/2008 09:19

why the share is going down today?

[mudbath] 09/6/2008 21:53

Still regard Autodesk's interest a a diversion.£1.25 revised bid(if thats what holders feel is forthcoming)no good either except to pull in a few more,yet insufficient, acceptances.Can feel it in my water that an offer of £1.45 is on the way.

[psolomons] 09/6/2008 21:48

For autodesk to win a bid battle they would have to offer a hefty premium to the current price. They would have to get acceptances from 50% of the remaining 70 per cent of holders. If you consider that mentor are unlikely to agree to an autodesk buy out the price autodesk would have to offer would be 30p more per share at least. If that kind of offer came with board approval then they might get it from mentors clutches. imv.

[battlebus] 09/6/2008 21:30

2.4% is a total laugh i didn't think for one moment that they would recieve less than 10% but then again Flomerics investors know exactly what this co is worth. I doubt if £1.25 would please us.They won't receive anymore by extending the date so up the offer or move along.

[bungler] 09/6/2008 21:01

Right - game on then. I suppose this was what nephie was referring to - but I think he's got it all wrong. Everything still to play for imho.

[psolomons] 09/6/2008 20:19

2.4% shows that FLO holders now realise the potential of the company and their shares. Its very likely Mentor will raise their offer, even then there maybe a bidding war so things remain lively. Do mentor think that by giving another 2 weeks deadline more acceptances will come in at 104p. Err, I dont think so. They are buying more time to see what autodesk do.

[techmark] 09/6/2008 19:50

Why would they give up? They will simply raise their offer. They knew it was a low offer and they already have almost 30% in the bag at 104p, so in effect they are only raising their offer for the remaining 70%. They could offer 120p and effectively take the company out for 115p. I'm sure they would be more than pleased with that.

[littlemadam] 09/6/2008 19:26

so, Mentor had just 2.4% acceptances. offer extended to June 23. They may as well give up now or up their offer.

[mudbath] 09/6/2008 16:46

Nice post bungler.VERY interesting reading.

tarcotsira--(imo)-- FLOMERICS WILL NOT BE FALLING TO EARTH OR ANYWHERE ELSE.You own a company that IS going places.Say "NO" to ALL approaches IF you want to see £2.00 per share and beyond.

[bungler] 09/6/2008 16:27

A little technical for some of us perhaps - from Develop 3D :



Auodesk to buy Flomerics... maybe?

posted by al dean



It seems that Autodesk is looking to acquire Flomerics and its range of CFD-based simulation technologies. According to a statement released by Flomerics, this comes after Mentor Graphics tried to acquire the company early this quarter.
According to the statement:
Autodesk, Inc. ('Autodesk') and the Board of Directors of Flomerics Group PLC ('Flomerics' or the 'Company') are pleased to confirm that Autodesk is in continuing discussions with Flomerics and its advisers in respect of a possible offer for the Company.
These discussions are progressing and further announcements will be made in due course. At this stage, however, there can be no certainty that an offer from Autodesk will be forthcoming, nor as to the terms on which any offer might be made.
Unfortunately, I have no idea how these things work, but this is interesting for many reasons. If you take the MCAD market as a whole, there are a couple of missing gaps in several vendor's offerings and they relate to simulation. Namely, PTC and Autodesk don't have a decent Fluid Flow and Heat Transfer analysis offering.
In the world of CAD integrated CFD, PTC has always had a very strong relationship with Blue Ridge Numerics. Meanwhile Flomerics had been the outsider, until it acquired Nika last year. Nika develop the CFD code that's the underlying base technology for SolidWorks' FloWorks as well as its other EFD products.
What's intriguing is that Flomerics has a very wide range of interests. From the EFD tools for CAD integrated CFD, through more specialist electronics-related simulation with the FloTherm products and into the AEC market with the HVAC-biased product, FloVent. Now, who in the CAD world covers mechanical and architectural design? Yup. Autodesk.
It appears to be early days, but this move makes a hell of a lot of sense. What will happen to FloWorks? Will SolidWorks have to go elsewhere for that technology? Would PTC buy out Blue Ridge as a result? who knows? its all speculation. But purely in terms of Product Development Technology, this is interesting. If Autodesk can bring CFD in house (it already has FEA from the PlassoTech aquisition), it is acquiring Moldflow, the company looks be building a very interesting technology base for its Digital Prototyping concept that might finally see it delivered.

[bungler] 09/6/2008 16:17

Indeed - well all should be revealed tomorrow. Or rather we'll be on to the next stage of the process at least.

[tarcotsira] 09/6/2008 16:08

Thanks bungler - I'm making two assumptions: 1 Mentor will not get the 50%+ it needs and 2, they will raise their bid rather than walk away and watch the value of their 30% to 49.99% holdings fall to earth, along with yours and mine. Fingers crossed.

[bungler] 09/6/2008 15:49

Well done tarcotsira - you're a braver man than I but let's hope your confidence is rewarded. For what it's worth I agree that it should go substantially higher but am over-exposed already!

[tarcotsira] 09/6/2008 15:43

bungler: "I see someone bought 6,000 at £1.13 this morning Let's hope they know something and that it's not just a speculative punt."

Err - that would be me adding to my position bungler, and sadly I don't know any more than you, so you could indeed call it a punt. However, I think it unlikely Mentor will have 50% acceptances at 104p by end of play today with the fight that the board is putting up. Given the interest from other big companies, I'm rather hoping mudbath is right and we will see 140+ on the table eventually.

[bungler] 09/6/2008 12:53

? Perhaps you'd like to expand nephie? Are you saying Mentor have got their 50% at 1.04 and therefore we should accept 1.10 in the market today?

[nephie] 09/6/2008 12:39

take your money and run guys

[bungler] 09/6/2008 12:26

I see someone bought 6,000 at £1.13 this morning Let's hope they know something and that it's not just a speculative punt.

[bungler] 09/6/2008 09:20

I think it will be tomorrow before we hear whether they've got their 50% Psolomons. I believe today is the last day for us to make up our minds.

[psolomons] 09/6/2008 09:16

Looks like the US will rise strongly today. I wonder what will be said by Mentor when they wake up 1