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TLNT Telent

596.00
0.00 (0.00%)
15 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Telent LSE:TLNT London Ordinary Share GB00B0S5CP58 ORD 87.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 596.00 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 0 596.00 GBX

Telent (TLNT) Latest News

Real-Time news about Telent (London Stock Exchange): 0 recent articles

Telent (TLNT) Discussions and Chat

Telent Forums and Chat

Date Time Title Posts
18/1/201014:51TLNT - Discussions and Graphs86

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Telent (TLNT) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Telent (TLNT) Top Chat Posts

Top Posts
Posted at 18/1/2010 14:51 by wstirrup
So what happened to TLNT?

did the deal go ahead?
Posted at 25/10/2007 09:19 by weatherman
What I find objectionable is that my acceptance of the offer is binding on me, but not binding on PC if they decide to withdraw the bid.

So I cannot sell in the market now at 553p, but if PC decide to pull the deal and the price falls to 500p then I can sell. They should now be bound to give those who have accepted 600p per share as per the agreement, then have to sell in the market if they decide they no longer want to own it.
Posted at 24/10/2007 21:43 by weatherman
TLNT board are recommending acceptance of the deal.
Posted at 24/10/2007 15:31 by heaven
They offered £6 when the share was below £5 so they must be happy to proceed. Why would you want to withdraw your acceptance?
You can buy today and now recieve a 9% premium, either the market maker know something or they cannot be bothered waiting.
Posted at 24/10/2007 14:34 by weatherman
As someone who has accepted the deal I am unable to withrdraw my acceptance. Are they bound to accept the 600p agreed sale price?
Posted at 25/9/2007 08:53 by powwow
Hi guys,, not sure what I have at the moment, but a while back I was unfortunate to own MONI shares. Lost 99% and after that I think they gave some shares was it and warrants.

The £6 a share offer at the moment will mean what ? That we will get some money for the shares and warrants we were given?

Thanks in Advance, any help would be appreciated.
Posted at 09/6/2007 21:37 by mmeredith
Over the past week weatherman i think it has proved just that and been some decent size x trades going through thursday and friday as well. Always amazes me with TLNT how few retail investors deal in it and really does seem to be one for the preserve of city institutions.
Posted at 06/6/2007 16:34 by weatherman
I would have thought that at these levels in volatile TLNT would be a defensive stock.
Posted at 23/5/2007 19:33 by charlie
What doesn't the market understand about this?

I think the bit the market doesn't understand is that the pensions position at Telent is BETTER than many FTSE350 companies.

Many FTSE350 companies have IAS19 deficits. Following Pensions Act 2004, these are "hard" liabilities, the company can't wriggle out. The shareholders will eventually have to pay.

But at Telent, we're IAS19 neutral now, PLUS there's £0.5bn (822p per share) in escrow that may well eventually all come back to the shareholders.

It is IMO quite wrong to think (as the market currently appears to think) of Telent as having a unique "pensions problem" which other companies don't have. Telent's pensions position is much better than many companies.
Posted at 23/5/2007 19:27 by charlie
Market cap £318m

Earnings valuation:

Basic eps 91.8p

Adjusted eps based on operating profit from trading activities 38.7p

33.6p of the difference is a tax credit, probably not a long-term item. The other 19.5p is earnings on the escrow less accruing pension cost. The escrow belongs to the shareholders, unless the pension fund needs it. The pension fund is neutral on IAS19. It is quite reasonable to regard the escrow earnings as shareholder earnings.

So sustainable eps say 91.8-33.6 = 58.2p

Multiple 15x gives 873p.

Asset valuation:

Total £749m cash, of which £235m in Telent and £514m in pension escrow. The latter belongs to the shareholders, unless the pension fund needs it.

£749m is 1199p per share.

OK, guidance from the results presentation for outgo on legacy liabilities is £100m over next 5 years, plus some longer dated. Suppose (pessimistically) the £235m is all used up. Still leaves £514m, that's 822p per share.

OK, the IAS19 mortality of experience + 3% of liabilities, but trustees pessimistically use experience + 14% of liabilities. Difference is 11% of liabilities, that's £300m.

Still leaves £214m SURPLUS CASH, that's 342p per share.

All asset figures completely ignore assets of the operating business.
Telent share price data is direct from the London Stock Exchange

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