Telent Share Discussion Threads

[charlie] 18/5/2006 23:43

Rising bond yields equals falling pension liabilties equals increasing pension fund surplus.

I think this stock should be going up.

[hamsterape] 17/5/2006 00:12

My initial target was 480p but I got out prematurely at 487p to 485p on the day of the big drops. Might re-short if it goes much above 490p.

[graham99114] 16/5/2006 12:08

Got out of TLNT a while ago - now looking / waiting to get back in

Hope to get in before the next major contract announcement which I expect in less than 3 months from now - watch this space !!

[hamsterape] 28/4/2006 12:08

That graph looks suspiciously like a descending triangle after the sharp rise.

Cribbed from Graham's post of 25th January when the price was hovering under £4.00 :-


Estimated price of telent share = (current price - £2.75) * 3.5
Estimated price of telent share = (£3.96 - £2.75) * 3.5
Estimated price of telent share = £4.23


In fact there had been strong support at 380p which is the equivalent of 367p now so this could fall quite a long way in theory.

[wtp] 27/4/2006 15:20

Thanks-it may be one to tuck away, but I need to do more research.

[wtp] 27/4/2006 14:57

Been a bit busy today, but if you look at the chart, it has gone from £4 to over £5 in a period of a month, and is only now trying to retrace. Surely a 25% rise would merit some newsflow or postings.

[wtp] 27/4/2006 09:24

Hi - I have been tracking the rise on this share, but cannot see the reasons for the rise, as there seems to be a total absence of newsflow. Does anyone on this board have a view as to whether this rise is sustainable?

[s1monjon] 29/3/2006 16:50

Opportunities are, have a good pro read !

[gryphon2] 29/3/2006 16:50

Thought this would bounce after special div . Very pleased .. I got something right this week!!

[hamsterape] 27/3/2006 12:02

Ex-special div as of today.



Telent PLC
17 March 2006


telent plc

Press enquiries:
David Beck tel: + 44 (0)20 7306 1490; email: [e-mail]

Investor and Analyst enquiries:
Salim Alam tel: [phone]; email: [e-mail]


Payment of special dividend and related share consolidation

17 March 2006 - The Board of telent plc ('telent' LSE: TLNT) announces that it
has declared a special dividend of 275 pence per ordinary share as anticipated
at the time of the announcement of the sale of the Marconi telecommunications
equipment and international services business to Ericsson on 25 October 2005.
The dividend will be paid to holders on the share register at close of business
on Friday 24 March 2006. The Company's shares will trade ex-dividend from Monday
27 March. Dividend cheques representing, in aggregate, a return of £590 million
to shareholders will be dispatched on Friday 31 March.

As announced at the time of the transaction with Ericsson, and already approved
by shareholders at an Extraordinary General Meeting on 21 December 2005, the
Company's shares will also be consolidated in a ratio of 2 for 7 prior to the
start of trading on Monday 27 March 2006. From this date, share certificates
relating to the existing shares of telent will cease to be valid. No temporary
documents of title will be issued. CREST accounts will be adjusted to reflect
entitlements to the new shares on Monday 27 March and new share certificates
reflecting the consolidation will be dispatched with the dividend cheques on
Friday 31 March. Shareholders' fractional entitlements to shares will be sold in
the market and the proceeds incorporated into shareholders' dividend cheques.

Prior to the dividend being paid £185 million will be paid into the GEC 1972
Pension Plan and a further £490 million will be put into an escrow account for
the potential benefit of the Plan.

Trading in the final three months of the year has been satisfactory, with the
key Airwave contract win demonstrating the strength of telent's service
offering. We anticipate providing further detail on telent's business through a
detailed presentation at the time of the announcement of our preliminary results
for the year ended 31 March 2006, on or about 18 May 2006. As at the close of
business on Thursday 16 March 2006 the Company had 214,566,300 Ordinary Shares
of 25p each in issue.

ENDS/..

[Abuse team] 20/3/2006 23:57

Post removed by ADVFN

[hamsterape] 20/3/2006 09:57

Do you mean does it come with a tax credit? Therefore is it deemed that non-higher-rate tax payers have already paid the tax so that the 275p is only further taxable if you are a higher-rate tax payer?


Not sure about that one but you could ask on the WH Smith board. Didn't they get a special dividend last year?

[venture2] 17/3/2006 14:13

hi,ref dividend of 2.75,whats the tax position,ie is it net or gross

[hamsterape] 14/3/2006 01:10

Plans aren't shelved as such as far as I can make out, they're (Telent) just not in a desparate hurry to get anything other than what they see as a good deal and, so far, no one has come up with a decent offer. But, yes, it would have been better if they could have got something together at the tale end of an extended bull market.

There is definitely scope, though, for a market-place to develop in over/underfunded pension schemes. We just need some players that fancy their chances.

[impecunious] 10/3/2006 08:05

Article yin Times yesterday saying that have shelved plans to hive off the pension fund on the secondary market. Offers to take it off their hands reported to be disappointing. Pity - would have freed up some of the cash held in escrow.

[bhha2] 03/2/2006 16:40

thanks graham99114
please keep me posted if you hear anything

[graham99114] 02/2/2006 16:23

bhha2

The Return of Cash is expected to take place in the first quarter of 2006 - ie before 1st April - but no announced date as yet (or EX DIV date either)

[bhha2] 02/2/2006 15:46

hi all has anyone managed to find out what the ex-dividend date is for the special dividend. Any assistance appreciated

[graham99114] 30/1/2006 09:57

welcome aboard O2 Airwave

[graham99114] 27/1/2006 19:22

true - they're still going to lose out though

[hamsterape] 27/1/2006 15:50

They might still have up to 2.99% for all you know.

[graham99114] 27/1/2006 13:29

We refer to our letter of 20th January 2006 and notify you in accordance with
Part VI Companies Act 1985 ("the Act") that as at close of business on 25th
January 2006 HSBC Bank plc no longer had a notifiable interest in the ordinary
shares of Marconi Corporation Plc.


bad move Leon Passey - your going to lose out - LOL