Vt Group Share Discussion Threads

[spob] 17/2/2010 17:48

What prices have Babs offered in the past ?

[tourist07] 17/2/2010 15:36

Can anyone think of another possible bidder for VT Group? If not, it looks as though it might be worth cashing in at £6.20 ... a very small discount to the indicative price and with no firm offer having been made ...

... thoughts anyone?

Edit: OK, have now read the article ... which goes to this point!

[steadyitgoes] 17/2/2010 15:04

New report on VTG:

[spob] 17/2/2010 13:19

What prices have Babs offered in the past ?

i can't recall offhand

[topvest] 16/2/2010 21:53

The hunter becomes the hunted. All happening!

[wcjan26] 15/2/2010 17:07

that rns was not written in one afternoon.

[trexpert] 15/2/2010 16:57

When Ian Tyler CEO of Balfour joined as non exec I wondered what that might mean - if anything - but this is different?

[wcjan26] 15/2/2010 15:37

royaloak

it has.

and it validates my assessment that the market is mispricing support services companies in general and specifically overplaying the impact of a govt change on such companies

i am heavily in to TRB and IRV for this reason and could see both of those organisations being in play soon too

[rafthorney] 15/2/2010 15:34

you said it royal!

[royaloak] 15/2/2010 15:34

That's put the cat amongst the pigeons!

[mf10] 15/2/2010 11:48

0856 GMT [Dow Jones] VT Group's (VTG.LN) win of a contract valued at up to GBP35M to provide support to the RAF's fleet of Tucano training aircraft should help underpin future forecast assumptions, says Panmure Gordon. Says although it's a relatively small contract by MoD standards, "it does show that decisions are still being made this side of the election, especially where maintenance and support is concerned." The brokerage also notes VT's increased offer of 294p per share for Mouchel (MCHL.LN) and says this would make the transaction around 9% EPS enhancing. Reiterates buy and has 630p target. VT -2.4% at 496p. (MMA)

[a0148009] 14/12/2009 15:11

Probably why VTG have been a soft market over past month, however I don't see any need for a rights issue as they have the major part in cash and the rest in bank facilities for acquisition up to £400m. Can only think market feel they may pay too much or the usual shorters. Have bought modestly at 525p and will wait before next move. VTG first class business and management - think further downside limited unless whole market sells off.

AO

[alan@bj] 14/12/2009 14:33

VT Group plc ("VT") notes the speculation over the weekend and the announcement
made by Mouchel Group plc ("Mouchel") this morning.


VT confirms that it has made two approaches to Mouchel over a four week period
with a view to initiating a constructive dialogue. To date, Mouchel has refused
to enter into any form of discussions. VT is continuing to review its options.


A further announcement will be made as appropriate.


There can be no certainty that an offer will be made.

[what is a login ?] 14/12/2009 13:56

I found this press release from Mouchel (Epic= MCHL) I expect the VTG share price to rise if they walk away, but will they?

RNS Number : 0437E
Mouchel Group plc
14 December 2009
(...)
Statement in response to press speculation

Following press speculation yesterday, the Board of Mouchel Group plc ("the
Company") confirms that it has been in receipt of two unsolicited approaches
from VT Group plc to acquire the entire issued and to be issued share capital of the Company.

The Board believes these approaches to be wholly inadequate and at a level which substantially undervalues the Company.

The Board has discussed these approaches with its advisors and has unanimously
rejected them.

The Board understands that VT Group plc remains interested in pursuing a
transaction.

Contacts:

Finsbury [phone]
Mike Smith
Charles Watenphul
Gordon Simpson
(...) END

[what is a login ?] 14/12/2009 13:24

Pity about the uncertainty.

[alan@bj] 13/12/2009 09:16

MOUCHEL, an outsourcing and engineering group whose shares jumped nearly 20% on Friday, has received two secret takeover approaches.

The rival VT Group is understood to have made both informal offers in recent weeks, only to be rebuffed by Mouchel's board, led by its chairman, Bo Lerenius.

City sources said VT had pitched its informal offers at about 250p a share - a significant premium even to Friday's price, although Mouchel has traded as high as 384p in the past 12 months.

VT has had a £400m war chest for acquisitions since selling its shipbuilding operations - the former Vosper Thornycroft business - to BAE Systems earlier in the year.

VT's management, led by Michael Jeffries, chairman, and Paul Lester, chief executive, have made no secret of their desire to make a sizable takeover in Britain.

City sources said that Mouchel would make an ideal fit for VT.

VT declined to comment yesterday, as did Mouchel.

[alan@bj] 15/11/2009 15:46

Thanks Login, nice write-up. I bought in a few weeks ago after the Times comment.

[what is a login ?] 14/11/2009 15:14

Also tipped by UK analyst. Here's a bit of the write-up



"VT Support Services manages projects for its clients in the aerospace, emergency services, defence and commercial markets, both in the UK and overseas. Current customers include British Airways, the UK Fire & Rescue Authorities and the Metropolitan Police. In June last year the division was awarded - via Ascent, its 50/50 joint-venture with technology firm Lockheed Martin UK - a major 25 year, GBP6 billion contract for the UK Military Flying Training System (UKMFTS) to provide training to all UK military air crew for the Royal Navy, Royal Air Force and Army Air Corps. The division is the largest in the group by revenues, it generating 37% of total turnover in the last financial year.
A recent trading update from the firm confirmed that it is on track to meet market expectations for the current financial year. In the six months to September this year VT won or renewed GBP400 million worth of contracts, which kept the order book, at GBP4.5 billion, in line with record levels seen at the year end in March. Further significant potential deals in the pipeline include the UK's Search and Rescue helicopter programme and the Joint Military Air Traffic Services (JMATS) programme which combined would be worth over GBP3 billion to the company. On the corporate front the firm also announced the agreed disposal of its 45% stake in ship building business, BVT Surface Fleet, to BAE Systems during the half, with the deal expected to completed by the end of October.
When the BVT stake sale is completed VT should have around GBP100 million of net cash on the balance sheet, which will leave it in a good position to carry on developing its support services activities. Given consensus forecasts for 38.5p of earnings the shares currently trade on a March 2010 multiple of 15 times. This falls to 13 in 2011 on the back of 43.6p of expected earnings. With the stock also offering a prospective yield of around 3% for 2011 the shares are a LONG TERM BUY."

[alan@bj] 13/11/2009 08:09

And, typically, the share price is down 1.4%

[alan@bj] 13/11/2009 08:02

Tipped a BUY in this week's Investors Chronicle. Decent write-up.

[ssords] 21/10/2009 13:30

Marvelman
Thanks the link to Times comment. Seems that with sale to BAE VT have given up involvement in the carriers possible/maybe/doomed/whatever project. Their other businesses seem to be doing well.
Ssords