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LVD Lavendon Group

269.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lavendon Group LSE:LVD London Ordinary Share GB0005057541 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 269.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Lavendon Share Discussion Threads

Showing 2976 to 2998 of 3175 messages
Chat Pages: 127  126  125  124  123  122  121  120  119  118  117  116  Older
DateSubjectAuthorDiscuss
28/11/2016
14:33
interesting thanks.

Also, Barclays SB have eps now for next year of c.19p...so what multiple would be acceptable? even a 13 X gives near £2.50...and on an EV/EBITDA basis, half year produced £43m underlying EBITDA, even with no improvements, double for full year and current share price gives c.5.9X EV/EBITDA ratio....DYOR on all these figures by the waY!

so would a purchaser for a strategic asset providing immediate scale, probable cost savings, no dividend required, listing costs gone, board savings etc, pay nearer 8-10X Ev/EBITDA? no idea, but market IMO doesn't think the low-ball offer from TVH will win the day....let's see how things unfold.....won't buy any more, but will hold....

DyOR and gla

qs99
28/11/2016
14:12
Loxam on a bit of a spending spree:

Loxam has begun exclusive negotiations with shareholders of Spanish rental company Hune to acquire the business. Hune is Spain’s second largest rental company, with annual revenues of €67 million and 43 branches, of which 35 are in Spain.

The potential deal, announced by Loxam on 17 November, would considerably boost Loxam’s business in Spain, where it already has 11 locations, but also add Hune’s rental businesses in Portugal and France, as well as its joint ventures in Saudi Arabia and Colombia.

aishah
28/11/2016
12:49
hey no worries Dr Smith, maybe too paranoid first thing! apologies.

you are right I think SIH, that would in affect up their offer price as the highest price paid.....

reckon TVH may as well wait for counter offer to appear before they can take a view...

DYOR etc

qs99
28/11/2016
12:41
Am I right in saying that TVH can't buy in the market at above 205 without increasing their offer?
sell it high
28/11/2016
11:46
jambo192.
That link says
"Now there is a potential second player in the mix; there is an increased chance we'll see a sweetening of the deal from TVH, despite its previous line that this was the best and final offer."

which ain't true as TVH offer says:

"TVH confirms that the Offer is final and the Cash Consideration will not be increased, except that TVH reserves the right to increase the amount of the Cash Consideration if there is an announcement on or after the date hereof of an offer or a possible offer for Lavendon by a third party offeror or potential offeror."

dr_smith
28/11/2016
11:38
Well that will do me. Happy to trouser a tasty profit.
the big fella
28/11/2016
11:27
QS99 - monopoly money was a reference to myself, not to your judgement call.
I apologise if it read that way.
I do take short term chances myself - typically when i am happy to hold for longer term if short term gain fails.
On the contrary I was saying you saw potential on Friday - justified today, and may still be justified.
Phew...Is that enough hole digging...just cos Vestappen blew his own chances at the start! ;-)

dr_smith
28/11/2016
11:18
Hey Dr Smith who pulled your chain? not sure what you man by monopoly money or gambling....I Have been in LVD for quite a while now (as you will see) and also again Friday as it looked odd on the bid above the t/o price, I was proved right, what was my downside 1-2p or t/o not going through, I thought the risk was worth taking.....usually the city hears something before PIs do and in this instance that move above the bid looked like a signal....anyway, well done on getting the returns here....brokers reckoned fair value was nearer £2.36 I believe / DYOR etc, so if we do have a bidding war, I sense there may be another 5-10% in the share price from here....let's see...risk is that counter bidders see it as too rich and walk away, again what is the scarcity value for LVD?
qs99
28/11/2016
11:17
But Panmure had earlier suggested there was no other likely bidder aside from TVH. This dopey analyst mentioned Ashtead as the only other likely bidder.
meijiman
28/11/2016
11:10
Well done.
jeffian
28/11/2016
11:01
Jeffian:
"I am still holding."

As the big boys weren't biting at 205, I can't see current share price of 218 tempting them.
So could still be a good buy as counter bid will likely be higher...IMO !
I sometimes remind myself I am an long term investor not a gambler, so won't be chancing my arm further, but if I was playing with monopoly money, I would likely be buying in...as maybe QS99 is.

dr_smith
28/11/2016
10:44
DR_SMITH,

Did you take the money and run or stay in for the ride?

jeffian
28/11/2016
10:10
great moves this morning, looked very suspicious with move above TVH bid price on Friday and glad I bought some more...tidy profit....GLA....wonder if a 3rd party will join the fray? Must be scarcity value for something with scale and geographical spread such as this? DYOR
qs99
28/11/2016
09:58
TVH aren't lightweight either:

TVH is an international group with activities in more than 30 countries and serving customers in more than 170 countries. The group operates through two business units: TVH Parts and TVH Equipment.

TVH Parts is a global one-stop shop for parts and accessories for material handling, industrial and agricultural equipment and has a deep knowledge and understanding of more than 30 million article numbers, of which well over 600,000 are in stock.

TVH Equipment engages in the sale, trade and rental of powered access equipment, telehandlers and material handling equipment. The business operates under a number of trade names including TVH (Belgium), Mateco (Germany, Poland and Luxembourg), Gunco (Netherlands), Statech (Czech Republic and Slovakia), Romlift / Industrial Access (Romania), Gépbér (Hungary), Vamasa-Tecnial (Spain), Segamac (Mexico) and Aerial Lift & Equipment (Malaysia). The rental fleet consists of over 25,000 units, operating from more than 70 depots. The business also has equipment servicing and repair activities in Belgium.

The TVH Group was founded in 1969 and is headquartered in Waregem, Belgium. It has over 5,200 employees and generated revenue of approximately EUR1,174 million in the financial year ended 30 September 2015.

Just hope the board does its shareholders proper justice after a prolonged under performance in the share price Let the bidding commence - I'm holding tight.

aishah
28/11/2016
09:27
Golly gosh.. didn't expect that this morning..though past experiences tell me a weekend can bring surprises.
I felt on friday the surge to 205 and a tad over was middle agents making up their purchase quota and using savings from sub 205 buys to subsidise higher price purchases.
I am still holding.
So LVH bid last week has flushed out Loxam.
Given that oher bids weren't expected, could there be others?
If there were, I would expect them to reveal themselves within 5-7 working days of the first... say Thursday of this week.
...that'd be 3 in the bush ;-)
All IMO. :-)

dr_smith
28/11/2016
09:04
That'll do nicely! See you in the bush, Aishah.
keyno
28/11/2016
08:59
Loxam are No. 1 in European equipment rental with turnover of Euro838 million with 180,000 customers. I'll await developments with interest now.
aishah
28/11/2016
08:56
Be nice to be able to put a price on a rival bid so we know where we stand. Bid in the hand or one in the bush.......... Mmmmm .............
keyno
28/11/2016
08:41
Well done those who kept their nerve and held.
Just goes to show how irrational some market valuations are at the moment.
You couldn't find buyers above 140p recently.

mikepompeyfan
28/11/2016
07:57
CWA1....maybe the article was written before Friday afternoon but whatever. Hopefully it is wrong about Ashtead not being interested too, but that's just being greedy :)
gleach23
28/11/2016
07:44
I thought less than 230 was too cheap, but Loxam are a competitor, so synergies abound.Guessing at 25%, if split between bidder + LVD = +12.5%...guestimate eventual price 255....
xxx
28/11/2016
07:29
Yes, I agree gleach, I thought the price action was telling in the opposite direction too! For the record:-

FOR IMMEDIATE RELEASE

28 November 2016

Possible cash offer for Lavendon Group plc ("Lavendon")

Loxam SAS ("Loxam") announces that it has made a preliminary approach to Lavendon regarding a possible cash offer for Lavendon.

Discussions with Lavendon are ongoing and there can be no certainty that any offer will be made, nor as to the terms of any such offer.

Loxam urges Lavendon shareholders not to take any action in support of the offer announced by TVH Group N.V. on 22 November 2016.

A further announcement will be made in due course.

cwa1
28/11/2016
07:27
Counterbid coming in from Loxam?!

I did wonder why the Mail article above described Friday's share price as 'extremely telling' in that a rival bid would not come in - for me, and as suggested in earlier posts, the price action on Friday afternoon suggested the opposite.

gleach23
Chat Pages: 127  126  125  124  123  122  121  120  119  118  117  116  Older

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