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Ncipher Share Discussion Threads
Showing 1851 to 1872 of 1875 messages
|Takeover by Thales finalised today should get cash within 2 weeks. The one bright spark in my isa. Intend to buy more more bvc.|
|Referred to the OFT - deja vu :o))
I've sold some to take some profits just in case.|
|Two RNS's out yesterday and today - both Morgan Stanley and Legal & General have increased their stakes. Curious at this stage - do they know something, or are they looking to gain on the margin up to the 300p offer?|
|Interesting stuff from the FT - several bidders apparently. Looking like Thales have got it though judging by the price action:
"Ncipher recommends £51m takeover bid
By Rob Minto, Technology Correspondent
Published: July 11 2008 18:19 | Last updated: July 11 2008 18:19
Ncipher, the Cambridge-based data encryption specialist, has recommended a £51m bid from Thales, the French military electronics company, ending a lengthy sale process that attracted several bidders.
Rumours of the 300p a share bid emerged on Thursday, causing the shares to rise by almost three-quarters. After the move was confirmed on Friday, they rose 26p to 286p.
A previous bid in 2006 by SafeNet, a direct US rival to Ncipher, fell through after it was referred to the UK competition regulator. The Thales offer was described by Geoffrey Finlay, Ncipher chief executive, as "a good result for shareholders".
He said there were no plans for redundancies. Alex Dorrian, chief executive of Thales's British operations, said the deal would beef up its security products and improve its data security services.
Analysts were positive about the deal. Ian Mitchell of Charles Stanley Securities said shareholders should "take the money".
Ian Spence of IS Research described it as a "cracking deal". He added: "The market has struggled to understand the prospects of Ncipher and the price was clearly a surprise. But this is a solid, synergistic deal."
With the share price as low as 125p a few months ago, a 300p a share offer must be a relief for many shareholders. After a management reorganisation earlier this year that removed the company's founders, Alex and Nicko Van Someren, and a substantial investment programme, Thales has realised a good buying opportunity although one that surprised the market. But the SafeNet bid of two years ago valued the company at £86.1m and, in that light, £50m does not seem quite so high. That may be explained partly by the fact that Ncipher counts several banks among its clients at a time when the financial services industry is in the midst of a crisis. But the company also works for governments, whose software and security requirements are far less cyclical. Thales wants Ncipher to access its hardware. The French company makes more than 60 per cent of its sales to the military and operates in more than 50 countries, so has the opportunity to increase Ncipher's estimated £25.1m 2008 sales."|
|Back from holiday at the weekend to see this wonderful news!
That's two in a row for me - EUSP on PLUS for 50p cash and now NCH for £3 cash - AMU failed in T/O talks but still a solid buy at P/E of 2 and cash rich!
Also hold quite a wedge in GNE (IN TALKS CURRENTLY AND WILL BE OVER £2.50 CASH WHEN IT'S OVER) together with ANGLE AND MEDICAL HOUSE.
Hold all my NCH in my and my wife's ISAs so that's handy too!
O/T holding and very keen on BLINX and RENOVO for ultimate T/Os too.
|Well done, patient holders!
I got out over a month ago as I couldn't see "hope" being a good enough reason to hold anything in this market....|
|300p in cash from Thales - what a result!
Ta tuffbet, appreciated. Hope you made good dosh from NCH too.|
|rivaldo hope you get £3 or more you deserve it|
|:o)) Say no more...|
Thanks rivaldo, but I do mind chinese stocks ;-)|
|Madgooner, a few ideas - if you don't mind Chinese stocks take a look at Geong (GNG) and China Shoto (CHNS). Otherwise I also like KBC and RHEP as oil-related stocks.|
|Have these in my SIPP: forgot to tell the SIPP provider to sell them when the
buy back was on. Will be watching VERY carefully this time!! What would be extremely helpful to the cause is for a second interested party to come into the picture: stranger things have happened!|
|Patience maybe rewarded.
Ref buying others, as long as they are cash rich and profitable and on low PE's I'm interested.
I've not got a long list of candidates to replace..|
|Three pounds is certainly at the top end of my expectations, especially in these troubled times. I would suggest that this is a knock out price and does take into account that other parties may be interested. Don't get me wrong, I would take more than £3, but equally would be happy so see a speedy conclusion at this price.
This is the second time in 10 days that a company I hold has been taken over at almost a 100% premium (if this goes ahead). Although I am not complaining, and I am very glad to pocket a very good profit in both cases, what does this say about the state of the stock market? It is very difficult to believe in the "efficient market theory" when one day a share is trading at c155p and the next day there is a potential bid of 300p(my other share was trading at 31p and received a bid of 60p).
On a more encouraging note it does show that the current market slide has been totally indiscriminate and those other small company shares you hold, and have seen marked down to ridiculous levels, really are worth much more. Perhaps we should (as our American friends might say)"strap on a pair" and get in there and buy/add.|
|must admit i'm not sure if they will get £3, as on the chart that's the highest its ever been, still we shall see what they are worth soon enough.|
An interesting RNS, obviously forced on NCH due to the price movement as it was issued without the bidder's permission.
I wonder - perhaps now this is out in the market other bidders will show their hands?|
|Bid at £3.00 looking likely which explains the unusual increase|
|A new announcement - the Parvizi family have just bought 150k and now have almost 500k including derivatives.
The only Google link I can find is a stake they had in Minerva.|
|A 25k buy at 200p - no insider trading going on here then !!!!! Always great to see the level playing field.|
|Yep - determined buying in 5k and 10k lots at rising prices, with maybe more as yet unreported (EDIT - a 25k buy at 155p for example just shown!)? There'll have to be an RNS soon surely.|
|This is just getting silly. Time for a statement from the company.|
|After the month i've had any bid over 2.25 will be a massive bonus!|