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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Wellstream | LSE:WSM | London | Ordinary Share | GB00B1VWM162 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 782.00 | 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 | 782.00 | GBX |
Wellstream (WSM) Share Charts1 Year Wellstream Chart |
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1 Month Wellstream Chart |
Intraday Wellstream Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/1/2011 | 17:12 | *** Wellstream *** | 58 |
| 13/12/2010 | 08:19 | Wellstream Holdings plc | 2,388 |
| 19/6/2008 | 22:05 | World Stock Markets- Indices by Country | 1 |
| 23/5/2008 | 12:20 | Wellstream Holdings | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 13/1/2011 13:51 by shoee62 any ideas whether HMY might be a target for after WSM? A bit of a long shot but recently won a contract for pumps for ships working for oil and gas industry in Brazil. |
Posted at 07/1/2011 18:20 by peterbill OutlookH2 2010 has seen some improvement in key lead indicators and general market activity. This bodes well for continued strength in our Brazil operations and for recovery in activity levels outside Brazil. Longer term, the fundamentals of the sector remain positive with the industry continuing to favour floating production and subsea systems as the most economic development solution for many offshore discoveries. Following the General Electric Company recommended cash offer for the entire share capital of Wellstream plc on 13 December 2010 offer documents were posted by General Electric Company on 20 December 2010. These are available at www.wellstream.com. |
Posted at 13/12/2010 08:19 by abcd1234 so the mkt got the price about right back in sept |
Posted at 13/12/2010 08:14 by spob GE agrees £800m Wellstream dealFT By Sylvia Pfeifer, Energy Editor December 13 2010 General Electric has agreed to buy Wellstream, the UK oil and gas services group, for approximately £800m as part of an aggressive expansion into energy services. GE, which has twice been rebuffed by Wellstream, confirmed on Monday it will pay 786p a share, including a special 6p a share dividend, for the UK group. EDITOR'S CHOICE GE increases dividend in bullish stance - Dec-10.General Electric bullish on finance arm - Dec-08.GE's £755m bid for Wellstream is turned down - Oct-06.GE emerges as mystery bidder for Wellstream - Oct-04.Wellstream soars on bid approaches - Sep-21 GE's previous offer of 750p, valuing Wellstream at £755m, had been rejected as too low by the board of the UK company. GE confirmed it had made that offer in October and said it was "disappointed' it had been rejected. The agreed deal will end months of pursuit by GE of Wellstream which announced in September it had been the subject of several bid approaches. National Oilwell Varco was among GE's rival suitors. The offer price represents a 29.1 per cent to Wellstream's closing share price of 609p on September 20, the last business day prior to the UK group's announcement that it had received a number of preliminary approaches. The price also represents a premium of 53 per cent to Wellstream's average closing price of 514p over the three months to September 20 and is 5.2 per cent above Friday's closing price of 747p. Wellstream has manufacturing bases in the UK and Brazil and is one of the world's largest suppliers of flexible pipes for the oil and gas sector. One of its main attractions to potential bidders is its exposure to Brazil, which is investing heavily in exploration. Petrobras, the Brazilian energy group, accounts for a substantial part of Wellstream's income. For GE, the deal will mark its second substantial acquisition in the energy sector in two months and will bring together two former sister companies. Wellstream was owned by Dresser 15 years ago. The Texan maker of gas engines for the energy sector, was bought by GE in October for $3bn. The two are seen as complementary. John Krenicki, president of GE Energy, said at the time that the Dresser deal was just the latest in a series of acquisitions in the sector. As a result of the purchases, the US conglomerate has doubled its energy revenues in the past five years to about $30.2bn in 2009. Energy is GE's largest industrial unit and analysts expect it to generate about $31bn of revenues in 2010. Its performance has been sluggish of late as power companies have delayed ordering equipment. Jeff Immelt, GE's chief executive, has identified infrastructure products as an area to focus on as it scales down its financial services arm and returns to its industrial roots. GE's share price has failed to follow the recovery in the S&P 500 since the financial crisis. Mr Immelt said GE would increase its quarterly dividend by 17 per cent to 14 cents a share, last week. Shares in GE closed on Friday at $17.72 in New York. |
Posted at 29/11/2010 15:43 by wendsworth Original RNS confirming 'receipt of bid approaches that might/might not...' issued by the Board on 21st September..since then ....!!!! Aren't there Takeover Panel Rules ref timescales ? Such a situation materially affects the share price and as such surely needs to be regulated? Am I misinformed ? |
Posted at 07/10/2010 13:49 by wendsworth spob : Noted from the Times this a.m. that Evolution securities also 'likes' Wellstream and sees 'G.E. coming back for a second bite'. No target price mentioned for the broker but the article implied that 800p probably wouldn't be enough. General consensus appears to be that yesterday's RNS was very much all about the negotiating process and that the protaginists will be buying up on any resultant short term weakness in the share price. |
Posted at 03/10/2010 15:13 by wendsworth bigbigdave : Many thanks. After 'shaking out weak holders' the share price has definitely moved back up in the last 2/3 trading sessions. Reckon someone's got wind of imminent offers. If the Sunday Times article is soundly based then it looks like the auction will commence at 800p. Should that prove to be the case then I don't see the eventual price being much less than 900p. As ever ..we'll see! |
Posted at 21/9/2010 10:33 by peterbill Oil services group Wellstream confirmed a number of takeover approaches. It made the statement after a steady rise in its share price recently. Shares in the group have risen by a third since the start of July following more encouraging trading news and appreciation of its presence in the fast developing oil prospects offshore Brazil. |
Posted at 05/7/2010 17:48 by mr.oz another , from sell to buyWellstream upgraded to buy from sell at Citigroup, TP raised to 580p from 410p StockMarketWire.com Citigroup analyst Kenan Najafov says the risk-reward balance on Wellstream has turned favourable after a derating of the oil services stock in anticipation of a weak second half. A likely recovery from 2011 will be driven primarily by orders offshore Brazil. Due to the weak outlook outside Brazil, Wellstream has underperformed its sector by 30% and 12% in the last 12 and three months respectively. The stock price assumes no growth in sales or margin post 2012, says Najafov. 'Wellstream is a growth stock in a highly technical industry, set to benefit from a rise in orders in Brazil (Petrobras, OGX and IOCs) coupled with its operational leverage. 'The weak current order intake outside Brazil and lacklustre 2010 performance are already expected and priced in. 'Whether or not a takeover is realistic, the mere possibility of an acquisition could further support the share price.' Citi's target price of 580p implies a 2012E PE of 11, 'well within its historic range of 5-17'. Story provided by StockMarketWire.com |
Posted at 27/2/2009 23:59 by eisler Erm, oil price up perhaps? Hey, if you're not day trading, step back and look at the bigger picture. Oil will go back to $100 a barrel - as sure as the sun comes up. It might take 12 months, it might take 24, but you can be sure it will - and WSM share price will follow suit. If you want a 20-30% return on capital over 2 years, you could do a lot worse than WSM. |
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