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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mcalpine (A) | LSE:MCA | London | Ordinary Share | GB0005645394 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 547.50 | 0.00 | 01:00:00 |
| 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 | 547.50 | GBX |
Alfred Mcalpine (MCA) Share Charts1 Year Alfred Mcalpine Chart |
|
1 Month Alfred Mcalpine Chart |
Intraday Alfred Mcalpine Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/2/2008 | 16:42 | McAlpine & Carrillion | 38 |
| 24/12/2007 | 11:36 | Alfred McAlpine | 422 |
| 22/11/2007 | 12:59 | McAlpine 2007 | 260 |
| 03/1/2007 | 20:28 | McAlpine 2006 | 45 |
| 22/10/2003 | 08:43 | come and join us at the yMCA!! | 6 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 01/2/2008 09:20 by miamisteve This is what I received from my bank on the 24th of january which is where I heard about mix/ match being cancelled.-------------------- MERGER WITH CARILLION PLC. THE ACQUISITION OF ALFRED MCALPINE PLC WILL BE AFFECTED BY MEANS OF A COURT SANCTIONED SCHEME OF ARRANGEMENT UNDER SECTION 425 OF THE BRITISH COMPANIES ACT 1985. . MERGER PROCEEDS: RATE OLD: 1 ORD SHARE ALFRED MCALPINE PLC OF GBP 0.25 NOMINAL RATE NEW: 1.08 NEW SHARES CARILLION PLC OF GBP 0.5 NOMINAL ISIN NEW: GB0007365546 / CH 821214 AND GBP 1.654 IN CASH OR GBP 1.654 LOAN NOTE CARILLION PLC 2007-13 AND 1.08 NEW SHARES CARILLION PLC OF GBP 0.5 NOMINAL ISIN NEW: GB0007365546 / CH 821214 . PLEASE NOTE THAT THE MIX AND MATCH FACILITY HAS BEEN CANCELLED. OPTION 1: ACCEPT THE BASIC OFFER (CASH AND SECURITIES OFFER) . OPTION 2: TAKE STOCK + LOAN NOTE ALTERNATIVE (TAKE STOCK AND LOAN NOTES INSTEAD OF CASH) PARTIAL ELECTIONS: WE HAVE BEEN ADVISED THAT PARTIALS ARE ONLY PERMITTED TO DECIDE BETWEEN CASH AND LOAN NOTE ALTERNATIVE. LOAN NOTES MAY ONLY BE TRANSFERABLE TO MEMBERS OF HOLDERS FAMILY AND RELATED TRUSTS, FRACTIONAL ENTITLEMENTS TO THE LOAN NOTES WILL BE DISREGARDED. THE LOAN NOTE ALTERNATIVE WILL BE MADE ON THE BASIS OF GBP 1 NOM.VALUE OF LOAN NOTES FOR EVERY GBP 1 OF CASH WHICH A ALFRED MCALPINE SHAREHOLDER WOULD OTHERWISE BE ENTITLED TO RECEIVE. THE CARILLION PLC NEW ORD SHARES WILL RANK PARI PASSU IN ALL RESPECTS INCLUDING THE RIGHT TO CARILLIONS FINAL DIVIDEND IN RESPECT OF THE YEAR TO 31.12.2007. FRACTIONAL ENTITLEMENTS WILL BE AGGREGATED AND SOLD IN THE MARKET. THE ALFRED MCALPINE DIRECTORS INTEND UNANIMOUSLY TO RECOMMEND THE OFFER. CARILLION PLC RESERVES THE RIGHT TO ELECT TO IMPLEMENT THE ACQUISITION BY WAY OF AN OFFER. AN ACCEPTANCE CONDITION WOULD BE SET AT 90 PERCENT. RESTRICTIONS: SHAREHOLDERS OUTSIDE THE UK WHO HOLD THEIR STOCK VIA A UK NOMINEE COMPANY MAY ELECT FOR STOCK PROVIDING THEY OBSERVE THE LOCAL LEGAL RE- QUIREMENTS OF THEIR COUNTRY OF RESIDENCE. PERSONS IN THE USA, CANADA, AUSTRALIA OR JAPAN (THE RESTRICTED COUNTRIES) MAY MAKE AN ELECTION FOR THE MIX AND MATCH ALTERNATIVE, BUT NOT THE LOAN NOTE ELECTION, WITHOUT RESTRICTION. THERE IS IS NO EXCEPTION UNDER THE TERMS OF THE OFFER WHEREBY PERSONS IN THE RESTRICTED COUNTRIES OR WHOSE SHARES ARE HELD WITH A CUSTODIAN IN A RESTRICTED COUNTRY WHO EMPLOY THE SERVICES OF A FUND MANAGER WITH FULL DISCRETIONARY POWERS BASED OUT- SIDE OF THE RESTRICTED COUNTRIES MAY ELECT FOR THE LOAN NOTE ELECTION. AS UBS AG CANNOT TAKE ANY RESPONSIBILITY WHETHER ANY OF YOUR CUSTOMERS COMPLY WITH THE SALES RESTRICTIONS DESCRIBED ABOVE, UBS AG WILL EXECUTE ALL INSTRUCTIONS RECEIVED BASED UPON THE CUSTOMERS RE- PRESENTATIONS THAT THEIR LEGAL STATUS IS IN LINE WITH THE EXEMPTIONS UNDER EXISTING LAW. EXPECTED TIMETABLE: 14.01.2008: CARILLION EGM 21.01.2008: SCHEME MEETING + ALFRED MCALPINE EGM . APPROVED 08.02.2008: RECORD DATE 08.02.2008: LAST TRADING IN ORDINARY SHARES 08.02.2008: COURT HEARING TO SANCTION THE SCHEME 11.02.2008: COURT HEARING TO CONFIRM THE CAPITAL OF REDUCTION 12.02.2008: SCHEME EFFECTIVE DATE 26.02.2008: UPDATE 23.01.2008 THE SCHEME IS DEPENDENT ON SHAREHOLDER APPROVAL, AND THE SANCTION OF THE COURT, BUT ONCE SO APPROVED IS BINDING ON ALL SHAREHOLDERS. . THE BOARD OF ALFRED MCALPINE IS PLEASED TO ANNOUNCE THAT AT THE SCHEME MEETING HELD ON 21.01.2008 TO APPROVE THE PROPOSED SCHEME BETWEEN ALFRED MCALPINE AND SCHEME SHAREHOLDERS, THE RESOLUTION APPROVING THE SCHEME WAS PASSED BY THE REQUISITE MAJORITY ON A POLL. . FURTHER, PLEASE BE ADVISED THAT THE MIX AND MATCH FACILITY HAS BEEN CANCELLED. THEREFORE YOU HAVE ONLY THE CHOICE BETWEEN 2 OPTIONS, INSTEAD OF 7 OPTIONS, AS PREVIOUSLY ADVISED. . |
Posted at 10/12/2007 11:49 by ed 123 Looking better now after the early sell-off.CLLN looks good to me. They absorbed MWLM well and it boosted their share price. It's likely that they will do well out of MCA, imho. MCA had reached about 612p in the market before the slate revelation, so to buy it now for 558p looks a good deal to me - although it does involve the issue of CLLN shares at an assumed 363p and there have been the slate costs. About half of the cash element should be covered by the planned sales. Assuming the takeover proceeds, 2008 will be a year of adjustments. 2009 should show what can be achieved. MCA's business services may be expected to grow in line with the outsourcing sector, say 15% p.a. MCA's contracting side will provide additional resources for CLLN's Middle East operations, where they seem to be going flat out. The target for annual savings is big, but based on their MWLM experience, I would give it some credance. I think both sets of shareholders will vote for the deal. MCA will be absorbed and CLLN's shareprice may tread water for a while - some new shareholders selling and some accounting for execution risk. In September 2008 the interims should give news about integration. The March 2009 final announcement should include a firmer statement about progress. 2009, if all goes well, should see eps boost (one-off costs finished, savings and business growth continuing). CLLN, in better market conditions, had reached 430p. With continuing growth in their own business and a contribution from MCA, assumuming that the credit market issues are improved, CLLN's shareprice could reach 500p-ish with the finals announcement in March 2009. This is only my guess, of course, but, to me, a potential 40%-ish rise in 15 months is worth holding on for. We'll see how it goes. |
Posted at 04/12/2007 22:33 by ed 123 From the FT site."Alfred McAlpine shed 8.5 per cent to 475p after late rumours that Carillion, off 2 per cent to 361¾p, was to drop its interest in buying the construction group. But market professionals reckoned the fall in McAlpine's share price had more to do with a fat-fingered trade. That said, traders believe Carillion may seek to amend the terms of its proposed 585p offer, given share price weakness." |
Posted at 13/11/2007 16:42 by shawzie I would like to see Carillion walk away from this deal - 585p surely overvaluesMcAlpine and the fact that the McAlpine share price hovers around 10% below the offer price seems indicative that the market thinks that also. McAlpine should perform better, split into the two companies as proposed by the Board - ALTHOUGH TOTAL SHARE PRICE FOR THE TWO COMPANIES COULD FALL IN THE SHORT TERM. |
Posted at 05/11/2007 11:36 by mikey34 Ed,There is probably a bit of execution risk creeping into things as well, especially on the MCA share price. |
Posted at 20/10/2007 12:37 by ed 123 I'm one of those holding both MCA and CLLN. I'm happy to keep holding both because in my view MCA is virtually certain to be taken over at a price above the current market price. Also, if CLLN get MCA for 570p (assuming the deal doesn't have CLLN below, say, 390p - which is by no means certain) then CLLN holders will get a good deal. If CLLN's shareprice weakens too much then it can't do the deal. If someone else wins MCA, then CLLN should see a relief rally. So, I view it as win/win for me, but only time will tell.I expect the coming week to see some further expressions of interest in MCA. The major shareholders want to sell it and, so far, the only interested pary is struggling with a largely paper offer. This situation is shouting for venture capital to step forward and I think it highly likely that they will. Evens odds that 3i will express an interest next week? |
Posted at 17/10/2007 18:31 by miamisteve Alfred McAlpine slate business sets deadline for first round bids last night, source saysBy Alamin Rahman in London Published: October 17 2007 16:27 | Last updated: October 17 2007 16:27 Please email ft@mergermarket.com or call EMEA: + 44 (0)20 7059 6105 Americas: +1 212 686-5277 Asia-Pacific: +852 2158 9730 for further information on mergermarket and how to receive more articles like the one below. -------------------- The auction for Alfred McAlpine's slate business set a deadline for first round bids for tonight (16 October), according to a source close to the situation. The source said that the information memorandum for the auction process was sent to some 20-25 players "two and a half weeks ago", and that the first round bid deadline has been earmarked for last night. The sourced added that the memorandum was sent to a healthy mix of trade and financial players. A McAlpine insider said that memoranda were sent to Alchemy, the Jon Moulton led buy-out firm; Imerys, the listed French materials company; US-based trade player, Evergreen Slate; and UK-based Ennstone, among others. The same source said that the process is outlined to be a traditional two-stage auction process, and is expected to be completed by the end of the year. He also said that the asset is expected to fetch some GBP 30-40m through the process (on the basis of a 6-8x EBITDA multiple). The insider said that a successful auction process may push the price of the target up to GBP 50m. Alfred McAlpine yesterday rejected yesterday's 570p takeover offer from its UK counterpart Carillion. The board of McAlpine believed that this offer materially undervalued the company and therefore did not progress discussions with Carillion, the company said. A spokesperson for McAlpine said that the sale of the slate business is proceeding well, with a substantial level of interest from both trade and financial players. |
Posted at 17/10/2007 12:36 by miamisteve Just made a quick calculation on the 2 offers.Based on the closing price prior to the offers the August offer (560p carillion share price 385p) constituted 10 million more shares and 3 million less cash then yesterdays offer (570p carillion share price 420p) . First offer around 35m gbp net more than yesterdays offer. There is no way that Carillion would've expected yesterdays offer to have been accepted. My belief is that they wanted the news out and to establish a currency for their shares for a further bid. They have stated that they won't go hostel, so presumably they have been given some sort of idea of at what price the deal could be put to bed. It goes down to the view of the majority shareholders who seem to be looking for 600p. |
Posted at 16/10/2007 12:59 by ed 123 Good to see the announcement. At least it's out in the open now, but the price is not sufficient, imho. Having said that, CLLN's share price has been knocked, possibly the market thinks it will bid higher and eventually too high. CLLN's share price matters to the success of this proposal since it is to be largely paper.My guess is that other parties will now contact MCA. Happy to hold, expecting a higher bid. |
Posted at 01/8/2007 12:39 by volvo Troubled McAlpine set for break-upBen Marlow, Mail on Sunday 8 July 2007, 10:15am Troubled construction giant Alfred McAlpine has launched a review that could lead to a break-up of the £450m company. BREAK-UP TALK: Scandal-hit Alfred McAlpine may be broken up It is understood the firm has instructed adviser JPMorgan Cazenove to look at a range of options to improve returns for shareholders, including the sale of one or more of its four business divisions. City sources say the disposal of the project services, infrastructure services or slate divisions is possible. Management is said to be keen to keep the facilities management business, which accounts for about half of all profits. The review has been prompted by the flagging share price, which despite the strong stock market is lower than a year ago. McAlpine has been hit by a number of problems, including fraud in one of its subsidiaries. In February, the company, which has built about ten per cent of Britain's motorways, including the M6 toll road, delayed publication of its 2006 financial results after the discovery of gaping discrepancies in the accounts of its North Wales slate business, the largest provider of natural slate in the world. The size of the fraud, which dated back several years, caused a massive accounting hole and a £23m hit to its profits for 2006, leaving them at about £19m. This was followed by the dismissal of six executives, the resignation of group finance director Dominic Lavelle and finally a police inquiry. The parent company, with almost 9,000 employees worldwide-was established in the Thirties as an offshoot of the famous company started by Sir Robert McAlpine, though there are no longer any family connections. Alfred McAlpine's major construction projects in recent years include the world's biggest greenhouse, the Eden Project in Cornwall, and one of the oldest museums in the world, the Royal Armouries in Leeds. The company declined to comment on talk of a break-up. |
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