Share Name Share Symbol Market Type Share ISIN Share Description
Servicepower LSE:SVR London Ordinary Share GB0003831095 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 6.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 13.0 -1.2 -0.5 - 13.65

Servicepower Share Discussion Threads

Showing 4151 to 4174 of 4175 messages
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DateSubjectAuthorDiscuss
10/1/2017
07:51
Hooray. Would have loved a second bidder & eg 8p/10p but ultimately happy to bite their hands off at 6p.
spectoacc
10/1/2017
07:08
unconditional delisting 7th Feb settlement within 14 days The journey is over
yoyoy
09/1/2017
13:10
deadline passed. When will outcome be announced?
yoyoy
03/1/2017
10:09
Looking like we're stuck at 6p - clever to have the last few weeks of the offer period over the festive season. Still - good luck to them, will have made a decent turn. I'll be accepting today (last day for broker, though actual deadline is later).
spectoacc
23/12/2016
09:46
Nope STAR has not moved yet but this has massive potential, BUY and hold!!!
potential
17/12/2016
22:09
is tne company been sold ??????
friars3
16/12/2016
07:24
16 December 2016 ServicePower Technologies Plc ("ServicePower" or "the Company") Extension of Loan Facility ServicePower Technologies Plc (AIM: SVR), a market leader in mobile workforce management software, announces that it has entered into a side-agreement with Herald Investment Trust plc ("Herald") to amend the terms of the existing loan between Herald and the Company ("Loan Amendment"). On 8 February 2016, ServicePower entered into an agreement with Herald, pursuant to which Herald agreed to provide ServicePower with an unsecured loan facility of £1,000,000 for working capital purposes. Interest is payable upon the loan at the rate of 8 per cent. per annum (the "Facility Agreement"). The principal of the loan and all accrued interest is due to be repaid on 16 December 2016 (the "Loan"). As a result of the recommended cash offer for the Company by Diversis Capital UK Limited ("Diversis") (a subsidiary of Diversis Capital, LLC) (the "Offeror") as announced on 8 December 2016 (the "Offer"), the Company entered into an agreement on 15 December 2016 with Herald whereby the repayment date for the principal of the Loan and all accrued interest has been extended to be on the earlier of: (a) the date falling fourteen days after the date on which the Offer becomes or is declared wholly unconditional in accordance with its terms in accordance with the provisions of the United Kingdom's City Code on Takeovers and Mergers ("City Code"); (b) the business day immediately prior to the date on which admission of the Company's shares to trading on AIM is cancelled in accordance with Rule 41 of the AIM Rules for Companies ("AIM Rules"), following the Offer becoming or being declared wholly unconditional in accordance with its terms; (c) the date falling fourteen days after the date on which any other or competing offer ("Alternative Offer") made by any party other than the Offeror and/or its concert parties (as such term is defined in the City Code) to acquire the entire issued and to be issued share capital of the Company in accordance with the City Code becomes or is declared wholly unconditional in accordance with its terms; (d) the date on which it becomes reasonably apparent to the Company that the Offer or any Alternative Offer will not become wholly unconditional in accordance with its terms, in which circumstances, the Company shall repay to Herald one half of the total principal amount outstanding under the Facility Agreement, together with all accrued interest thereon within five business days of such date and with the remaining balance of one half of the total principal amount outstanding and all accrued interest thereon to be paid by the Company to Herald on 31 May 2017; and (e) 31 May 2017. All other terms of the Loan remain the same. Related party transaction Herald is a related party of the Company as it holds more than 10 per cent. of the issued share capital of the Company and is therefore a substantial shareholder for the purposes of the AIM Rules. As a result, the Loan Amendment constitutes a related party transaction for the purposes of the AIM Rules. The Directors of ServicePower, having consulted with finnCap, the Company's nominated adviser, consider that the terms of the Loan Amendment are fair and reasonable in so far as the Company's shareholders are concerned. City Code Diversis has confirmed that it does not deem the Loan Amendment to be a 'frustrating action' and will therefore not require shareholder approval pursuant to Rule 21.1 of the City Code.
yoyoy
14/12/2016
19:25
SERVICEPOWER TECHNOLOGIES PLC 14/12/2016 | Press release | Distributed by Public on 14/12/2016 12:34 Home Assistance Business Renews Contract ServicePower Technologies Plc(AIM: SVR), a market leader in mobile workforce management software, today announces that it has signed a new three year contract with a leading home assistance business. The client, which delivers maintenance and repair services to millions of UK home owners, has renewed its contract for ServiceSchedulingand ServiceOperations, used to schedule and optimise employed mobile engineers, as well as manage and dispatch subcontracted mobile workers. Marne Martin, CEO, ServicePower, stated 'We're delighted that the client continues to work with us using our mobile workforce management platform to help it manage its operations.'
yoyoy
12/12/2016
21:31
is that the cash offer around 6P
friars3
09/12/2016
14:00
"-- . Each of these irrevocable undertakings is binding in all circumstances (including in the event of a higher offer)..." The directors think so. And so does the market it seems. I would love another company to come forward with a higher offer but I think the chance is zero or near as damn it
yoyoy
09/12/2016
13:10
Certainly not zero yoyoy, albeit I'm not expecting another higher bid either. If you look at the simple maths though, the 6p offer is not exactly top $, so I wouldn't be surprised to see another private equity house, trade buyer or other software developer entered the fray, at say 7p or 8p
brummy_git
09/12/2016
12:30
Zero. Don't be greedy or pin hopes of another offer coming-in. "-- Accordingly, the ServicePower Board has unanimously agreed to recommend that ServicePower Shareholders accept the Offer as those ServicePower Directors who are also ServicePower Shareholders have irrevocably undertaken to do (or procure is done) in respect of their own beneficial shareholdings of, in aggregate, 21,420,035 ServicePower Shares, which represent approximately 9.41 per cent. of the share capital of ServicePower in issue on 7 December 2016 (being the last Business Day prior to the date of this Announcement). Each of these irrevocable undertakings is binding in all circumstances (including in the event of a higher offer). -- In addition, irrevocable undertakings to accept the Offer have also been received by Diversis from Herald Investment Trust plc and Herald Ventures II Limited Partnership, Hargreave Hale Limited, BFLAP, Don Godwin and Criseren Investments Limited in respect of 82,519,889 ServicePower Shares in aggregate, representing approximately 36.26 per cent. of the share capital of ServicePower in issue on 7 December 2016 (being the last Business Day prior to the date of this Announcement). Each of these irrevocable undertakings is binding, save in the event of a higher offer."
yoyoy
09/12/2016
12:02
In % terms, what do we think the chance of another offer are...25%..??
chrisdgb
08/12/2016
15:17
Spreads got tighter - buy now at 5.9p. I think I'll pass though it's not over yet. I still think 6p is a pretty low ball price. I would have thought the Chinese would have been interested as it is quite a sophisticated bit of software on offer!!
txi
08/12/2016
13:47
I am in danger of breaking even on this one now...lol
davidosh
08/12/2016
13:12
chris, it appears that you are wrong. You can pick up shed loads at below 6p Maybe the 6p will be a stalking horse to flush out a potential buyer. I still like the idea of ServiceMax coming in but 6p will do me. Where has the mm got the stock from. Its possible that some are sales but the algorithm computes them as buys
yoyoy
08/12/2016
08:46
Shame the mm's aren't feeling the Christmas spirit, 5-6p spread..!
chrisdgb
08/12/2016
08:45
Additionally there doesn't seem to be any break clause to the agreed 6p offer, so don't be surprised to see either a trade buyer, another P/E house or even Constellation (re) enter the fray.
brummy_git
08/12/2016
07:37
Huzzah. Appears to be Option 1, with now the waiting game to see if anyone goes higher. They've only just over 45% in irrevocables so the door is open to another bidder, but if not I'll be voting for the 6p.
spectoacc
29/11/2016
09:31
Personally I'm holding & running, and expecting more than 6p. But agree that on what we currently know, the likely outcomes are either: 1. 6p 2. 2.5p
spectoacc
28/11/2016
11:49
The result is likely to be binary, 2.75p or 6p, so probably 1.5p of upside and 1.5p of downside. Not a great risk/reward unless a strong opinion about the outcome.
spooky
28/11/2016
11:32
In % terms, we are still miles away from the 6p cash indicated offer.........any fresh thoughts?
chrisdgb
23/11/2016
19:15
Remember there is currently plenty of money sloshing around in the private equity world which frankly needs to find a home, as otherwise the LLP partners cannot charge their hefty 2:20 fees.
brummy_git
23/11/2016
18:22
It looks like the market thinks Servicepower can't deliver on 6p along with everything else where it has matched management's expectations. 6p was fins price target.
yoyoy
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