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NVR Nviro

62.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nviro LSE:NVR London Ordinary Share IM00B511CF53
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 62.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 62.50 GBX

Nviro (NVR) Latest News

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Nviro (NVR) Discussions and Chat

Nviro Forums and Chat

Date Time Title Posts
25/3/201022:16Nviro - Significant Undervaluation6,133
29/10/200920:17Nviro - A Very Good Short Candidate3
29/6/200907:33Nviro Cleantech - 2009-
21/3/200918:13NOVAR - is the fall OVAR?150
15/8/200212:55NOVAR COULD HAVE (BAD) INTERIMS7

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Nviro (NVR) Most Recent Trades

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Nviro (NVR) Top Chat Posts

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Posted at 17/1/2010 23:32 by cmpf
DP I agree with darren - it's hardly as if no-one knows what is going to happen tomorrow morning. We all know. Why is this going to be a surprise?

If anything this should be viewed as a positive. Finally everything is resolved, now the company(ies) can move forward, there is cash-flow and income.

If you were going to bail out why have you waited until now? If investors thought they were going to make a profit on the RTO/new listing and the share price was going to rise there would have been a lot of buyers last week. Similarly if everyone thought the share price was going to tank they would have sold already. Neither of these has happened, so why are you expecting a catastrophe tomorrow morning.

Give the investors here a little more credit. If you have held these for more than 6 months what is the point I selling now. Hold on.

You never know some positive RNS about vertus, or a new contract for a pump system and you might actually see the price rise.

I did say might......
Posted at 30/12/2009 18:22 by newswseller
thinking of dipping my toe back in here again, luckily i sold out back in September with a whole 7p profit lol, With the placing above the current share price should we see a move north soon?





OT FairDeal, if your after another low risk share take a look at INL.

Current share price is 16p to buy. The current NAV is 24.9p so already way undervalued, but come March the NAV should be 84.9p (see below for reasoning).

So a potential 5 bagger in 3 months time.

REASONING:
At the AGM it was mentioned that getting planning permission (expected end of feb 2010) for West Drayton site would add approx £105million to the value of the company

£105million divided by 174,815,079 shares in issue, gives an extra 60p per share to make the new NAV 60p+24.9p = 84.9p
Posted at 24/12/2009 08:10 by fairdeal2008
MM are trying to play this down. The suspension came as a surpirse and I suspect they were short NVR stock. Now they have a fixed placing price at 7.6p and the stock really needs to trade above that but if they move it too quickly they will have a hit on the price of incoming stock.

Any decent buying will move this materially up. I expect after reading the document that we will find a way to share price in the low to mid teens relatively quickly and I reckon that was the thought process behind the supporters of the placing - then at a 40% premium to suspended NVR price.
Posted at 18/12/2009 10:01 by fairdeal2008
Ok let me say this - we are reversing in a company that had a cap of nearly £40million, albeit on the cisx into NVR which had a cap of £3.6million at the suspension.

I dont think we will be disappointed and suspect this company will be much more Southbank than NVR, albeit NVR tecnologies will have a superb marketing channel which they didnt have before.

I would guess a placing price around suspension levels, any more and I will celebrate. And I expect the share price to perform incredibly well when they relist the new co.

Very interesting... could be a big gain in store on rto
Posted at 30/11/2009 15:07 by omega09
Sean333,

I noticed a while ago that Southbank's share price market cap is about £40 million, but for whatever reason it appears that NVR are only giving £5 million worth of shares for the company.

Clearly this either means NVR are getting a great deal, or Southbank were not worth their share price, or more likely a combinaton of the two.

I don't know nearly enough about Hayward Tyler to say how much the company is actually worth but I suspect that they are worth more than £5million to Nviro with whatever existing connections or complimentary technologies they have, so I am currently feeling positive about the deal. Very interested to see the details within a few weeks.

There is no way the share price will be 26p straight away though! Dilution from the placing will almost certainly lead to a fall rather than a rise initially.
Posted at 30/11/2009 09:12 by sean333
I have been trying to do some maths - apologies if my maths or reasoning aren't right. It's turned into a bit of a ramble and I haven't got time to redo it but:

The important statement is this one:

"Nviro Cleantech PLC (AIM: NVR) announced it has made a proposal to Southbank UK PLC (CISX: SBK) which may or may not lead to an offer being made for the entire issued and to be issued share capital of Southbank at a ratio of 1,000 Nviro shares for every 7,489 Southbank shares, on a fully diluted basis."

The number of 'to be issued' shares has been set by the ratio in the statement above and because there are 775m Southbank shares (fully and part paid up) that means c.100m new Nviro shares will have to be issued to 'buy' Southbank. The market capital of Southbank when first listed on the CISX was £36m and I saw someone had mentioned £40m (this is my main assumption - despite trawling through Southbank's and CISX's sites I can't find an up-to-date figure). If the market cap of Southbank is £40m then these 100m new shares will have to be issued at £40m/100m new shares = £0.4 = 40p! The existing 66m Nviro shares represent a current market cap of c.£4m. The total market cap of the new and existing shares for the new post rto company will be £40m + £4m = £44m. Therefore the new price per share is £44m / (100m + 66m) = £0.265 = 26.5p!!!!

This all depends on what the market cap of Southbank really is and whether I have interpreted the official statement correctly and whether my maths and reasoning are correct - apologies if they're not - but hopefully they are!

'Certain shareholders' have previously been tapped at 60p and 45p so 40p might not be that unrealistic though raising the entire £40m might be a tall order unless the deal with the Chinese is pretty certain and lucrative.

It might however be the case that Southbank are prepared to accept less than the £40m current market cap because the Nviro shares they get in return (as well as an AIM listing) will ultimately be worth more to them than their current Southbank shares by virtue of the growth prospects offered by association with the vertus tech. Even if they only want £4m, the new shares will still be issued at 4p.

Though, this is a 'share-only' deal so I suppose that the money being raised by the issue is ultimately for the building of a vertus unit and this amount will set the price of the shares? How much does it cost to create the capacity to build and then make one? £4m? £8m? Also, if Southbank want shares not cash their board must think the deals with the Chinese have got some real value!

The dilution will affect us more in that because our shares will have 2/5ths of the weighting they had prior to the 100m new shares so every £m in value realised by Nviro will be diluted to 2/5ths (40%) of the value that would have added to the 66m shares as opposed to the 166m total new and old shares, I suppose.

Hopefully there's something of relevance in all that. The suspension is unnerving but overall the situation doesn't look bad to me.
Posted at 22/11/2009 17:18 by sean333
Hi all,

The mention of 'reverse takeover' in the RNS could be key here.

Best case scenario is that the takeover/merger with southbank is a stipulation of the deals with asia in that nviro can now provide the engineering capacity to actually make a vertus unit itself and that this is the beginning stage of the completion of a strategic partnership deal with power producers in Asia. The talks were complicated because there would be conditions to be met between nviro and the producers and between nviro and southbank.

Worst case scenario is that the strategic partnership deals don't work out and this takeover or, rather, reverse take over becomes a way for southbank to get an aim listing wihtout the expense, bureaucracy and time such a listing would require if it were to do such a move on its own. There's a pdf on it its site that gives very similar reasons for listing on the cisx. Southbank (as nviro) will be able to achieve funding more easily while on aim. I don't think southbank would want to get into bed with nviro just to go down the plughole. So, worst case here is we all end up with shares in essentially a different company with a different profile and outlook.

However, in either case, I think it is likely that there will be share price dilution. In the best case this will probably short term - especially if an share price is announced given the success of this deal during suspension. If the takeover is declared a reverse takeover the minimum suspension time will be 30 days (according to the wiki entry for reverse takeover). In the second case it would obviously be more of an open question as to how long the price would stay down.

When i first saw the red circle with a white cross in it on my SB platform I thought 'oh, c r a p!' but the more I think about it all the more i feel a bit calmer.

GL all holders!
Posted at 22/11/2009 03:44 by tokyojohn
No one, AFAIK, is doubting the synergies between NVR and Hayward Tyler (Southbank is just an investment vehicle that owns HT).

The concern of me and others is that the deal as presented in the RNS could slash the value of our current holdings. What we were expecting was an announcement that Company X had decided to use NVR's technology in X number of its coal stations for a price of X pounds, immediately transforming NVR into a viable business with substantial income and leading to a massive re-rating of the shares. Although this RTO would increase hopes that such orders may arrive eventually, due to HT's presence in the energy sector, it would still all be about jam tomorrow. What we need are orders for NVR's products.

OS: If you own enough NVR shares to be among the "certain shareholders" invited to take part in the placing, then I can understand your relaxed stance and good luck to you. I'm sure you'll be treated very well. For us ordinary PIs the future is more murky.
Posted at 20/11/2009 13:21 by opportunitystocks2009
Dont worry about the Channel Islands price Omega - Porketh has it right in 5595 -

Existing NVR shares 66 mn

New Acquisition shares 100mn (approx)

Cash placing for additional wkg cap x shares (50mn approx my guess but could be way out)

estimated total 216mn ish - or £11mn cap for a substantial business with enormous potential

very happy at the moment I am going to make some money if this deal goea ahead. I suspect by the way this has been ongoing for months now, but the recent NVR share price dip made it acceptable to the Southbank side hence deal done. I think its a great deal for both parties.
Posted at 20/11/2009 13:14 by opportunitystocks2009
Darren - NVR is not raising cash to buy the business, it is buying it with shares, the cash will be for additional working capital which they will no doubt need as the NVR technologies are distributed through the Southbank network.

There are 750mn fully diluted Southbank shares, which means approximately 100mn acquisition shares and if we assume 50mn new cash shares at 5pm, then the combined entity would have 216mn total shares, an £11mn market cap.

The NVR technologies are excellent, but they have clearly struggled without the distribution network which they will now have. Equally Southbank will have access to a UK mkt listing, properly articulating the value in their business.

With overhead cost management their margins will improve and NVR can no doubt assist in this area.

The combined business will be one of the largest AIM listed environmental sectror operations, perfectly placed at a time when environmental growth, expecially in asia is just beginning to move up the growth curve.

I am still reviewing the information. My first reaction was like many I imagine (omg what have they done now). Like all these things you have to do the research and on analysis, I think this is an exception and indeed 'transformational' move.

I will be looking to participate in a sensible placing, if they can gert this deal away the NVR stock will be trading at a substantial premium to current levels in due course imho.
Nviro share price data is direct from the London Stock Exchange

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