We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Abacus Group | LSE:ABU | London | Ordinary Share | GB0000305796 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 55.50 | 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 | 55.50 | GBX |
Abacus (ABU) Share Charts1 Year Abacus Chart |
|
1 Month Abacus Chart |
Intraday Abacus Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/6/2009 | 09:43 | The abuse and complaints thread | - |
| 19/1/2009 | 18:21 | ABACUS | 759 |
| 19/5/2007 | 10:23 | The Manchester United Trophy Thread | 12 |
| 04/7/2006 | 16:07 | Abacus, Time to start adding up | 286 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 19/1/2009 18:21 by cyberpost done and dusted...Offer Declared Unconditional in all Respects TIDMABU RNS Number : 9058L Electron House (Overseas) Limited 19 January 2009 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. FOR IMMEDIATE RELEASE 19 January 2009 Recommended Cash Offer by Electron House (Overseas) Limited, a wholly-owned subsidiary of Avnet, Inc. for Abacus Group plc Offer Declared Unconditional in all Respects Summary The Boards of Avnet, Inc. (Avnet) and Electron House (Overseas) Limited (Electron) announce Electron's Offer for Abacus Group plc (Abacus) has been declared unconditional in all respects. Offer update Avnet and Electron are pleased to announce that the European Commission has unconditionally cleared the proposed acquisition of Abacus by Electron. All of the conditions to the Offer as set out in the Offer Document dated 7 November 2008 have now been satisfied or waived and, accordingly, the Offer is declared unconditional in all respects. As at 3:00 p.m. on 19 January 2009, valid acceptances of the Offer had been received in respect of 70,394,806 Abacus Shares, representing approximately 95.7 per cent. of Abacus's issued ordinary share capital. Prior to the announcement of the Offer on 10 October 2008, Avnet had received irrevocable undertakings from the Abacus Directors as well as undertakings from certain other Abacus Shareholders in respect of, in aggregate, 22,240,559 Abacus Shares, representing approximately 30.2 per cent. of Abacus's issued ordinary share capital. Acceptances in respect of all of these Abacus Shares have been received pursuant to these undertakings and are included in the total number of valid acceptances referred to above. The Offer, which remains subject to the terms set out in the Offer Document, will remain open for acceptance until further notice. Abacus Shareholders who hold Abacus Shares in certificated form (that is, not in CREST), should complete, sign and return the Form of Acceptance in accordance with paragraph 16 (a) and (b) of Part II of the Offer Document as soon as possible. Abacus Shareholders who hold Abacus Shares in uncertificated form (that is, in CREST), should comply with the procedure for acceptance set out in paragraph 16 (c) of Part II of the Offer Document as soon as possible. Settlement of the consideration due under the Offer in respect of valid acceptances which have been received by today will be despatched within 14 days and, in the case of valid acceptances received after today, within 14 days of the receipt of such acceptances, valid and complete in all respects. Compulsory acquisition, delisting and cancellation of trading Electron intends to exercise its rights pursuant to the provisions of Chapter 3 of Part 28 of the Companies Act 2006 to acquire compulsorily any remaining Abacus Shares in respect of which acceptances have not been received on the same terms as the Offer. Electron also intends, as soon as it is practicable to do so, to procure that Abacus applies for the cancellation of admission to trading of the Abacus Shares on the London Stock Exchange and for Abacus's listing on the Official List of the UK Listing Authority to be cancelled. It is anticipated that the cancellation of listing and trading will take effect no earlier than 20 business days from today. |
Posted at 03/11/2008 21:00 by rabbrooks Avnet are getting a great bargain in ABU.If the board had been more effective a much higher price would have been offered.Look at the meagre holdings of the directors. No wonder Avnet are getting a bargain. |
Posted at 10/10/2008 07:08 by cyberpost good result... well done to those that bit the bullet and bought.. AVNET has made an offer... 55p cash/share :Offer for Abacus Group plc RNS Number : 5529F Avnet, Inc. 10 October 2008 Not for release, publication or distribution, in whole or in part, in, into or from ANY jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. 10 October 2008 AVNET, INC. RECOMMENDED CASH OFFER FOR ABACUS GROUP PLC Summary * The boards of Avnet, Inc. ("Avnet") and Abacus Group plc ("Abacus") are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Avnet or one of its subsidiaries for the entire issued and to be issued share capital of Abacus (the "Offer"). * Under the terms of the Offer, Abacus Shareholders will be entitled to receive 55.0 pence in cash for each Abacus Share. * The Offer values the entire issued and to be issued share capital of Abacus at approximately £42.2 million. * The Offer represents a premium of approximately: * 115.7 per cent. to the Closing Price of 25.5 pence per Abacus Share on 9 October 2008, being the day before this announcement; * 139.1 per cent. to the Closing Price of 23.0 pence per Abacus Share on 17 September 2008, being the day before Abacus' announcement that it is in talks regarding a potential offer; * 125.4 per cent. to the average daily Closing Price of 24.4 pence per Abacus Share for the three month period before Abacus' announcement that it is in talks regarding a potential offer; and * 45.9 per cent. to the average daily Closing Price of 37.7 pence per Abacus Share for the six month period before Abacus' announcement that it is in talks regarding a potential offer. * The Abacus Directors, who have been so advised by HSBC, consider the terms of the Offer to be fair and reasonable and unanimously recommend that Abacus Shareholders accept the Offer, as the Abacus Directors have irrevocably undertaken to do (or procure to be done) in respect of their own beneficial interests and holdings, being in aggregate 429,410 Abacus Shares, representing approximately 0.57 per cent. of the issued share capital of Abacus. In providing its advice, HSBC has taken into account the commercial assessments of the Abacus Directors. * Avnet has received irrevocable undertakings to accept (or procure the acceptance of) the Offer from the Abacus Directors as well as irrevocable undertakings from certain other Abacus Shareholders, in respect of, in aggregate, 22,240,559 Abacus Shares, representing 30.24 per cent. of the issued share capital of Abacus. The undertakings from the Abacus Directors remain binding in the event of a competing offer being made for Abacus. The undertakings from the Abacus Shareholders (other than the Abacus Directors) remain binding in the absence of a competing bid for a consideration which represents an improvement of 10 per cent. or more in the value of the consideration offered by Avnet. * Avnet is one of the largest distributors of electronic components, computer products and technology services and solutions with more than 300 locations serving more than 70 countries worldwide. The company markets, distributes and optimises the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximising inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its approximately 100,000 customers, accelerating their growth through cost-effective, value-added services and solutions. For the fiscal year ended 28 June 2008, Avnet generated revenue of approximately U.S.$18.0 billion. Avnet is a public company listed on the New York Stock Exchange since 1960. * Founded in 1972, Abacus is one of the leading distributors of electronic components in Europe operating through a network of 39 local offices and five warehouses across 10 European countries and an Asian office and warehouse in Hong Kong. The business has developed both through organic growth in its core business of component distribution and through acquisition, which has resulted in an extended geographic presence and more diversified product range. Business activities are broadly split between three operating areas, which are composed of 21 separate trading operations, these being: Abacus Electronic Component Distribution; Abacus Embedded (specialist distribution); and Alpha 3 Manufacturing. Abacus, which is headquartered in Newbury, UK, currently employs approximately 1,000 staff. * The Offer is conditional, amongst other things, on the receipt of EU merger control clearance. Commenting on the Offer, Roy Vallee, Chairman and Chief Executive Officer of Avnet, said: "This acquisition of Abacus represents an excellent complement to our Electronics Marketing group in EMEA. With a respected management team, talented associates and a substantial number of new customers, Abacus provides Avnet with exciting growth opportunities in the region. Our financial strength affords us the opportunity to acquire excellent companies like Abacus despite current conditions in the credit markets." Commenting on the Offer, Anthony Westropp, Chairman of Abacus, said: "The Abacus Directors believe that Abacus' share price has failed for some time to reflect the underlying value of the business. This, coupled with the high level of borrowings, has also frustrated Abacus from pursuing its preferred strategy of expansion through acquisition and acting as consolidator in the sector. Not only does the Avnet offer represent a healthy premium for shareholders, during a period of challenging trading conditions, but there is also a strong strategic business rationale for the acquisition." Banc of America Securities is acting as exclusive financial adviser to Avnet in respect of the Offer. Allen & Overy LLP is acting as legal adviser to Avnet. HSBC is acting as exclusive financial adviser to Abacus in respect of the Offer. Charles Russell LLP is acting as legal adviser to Abacus. This summary should be read in conjunction with the full text of the attached announcement and the appendices. |
Posted at 03/10/2008 11:05 by mt67 Now trading NAV ex intangibles/goodwillMy guess is this business should be able to hold it's own and banks should be supportive as this company has an underlying strong business model which will flourish in a more stable environment in 12months time. I would like to think ABU if they anticipate a problem with their debt/interest repayments they would be renegotiating the covenants like housebuilders have been doing. Inflation must be easing (it is in Euro) so interest rates must come down. The div could/should be passed to pay down debt which wouldn't be a bad move in the current climate. Predators now see substantial value here, so a decent premium could be announced in the next few weeks. |
Posted at 20/9/2008 10:32 by mt67 " Notwithstanding the current trading environment, the Board of Abacus believes that the Company's share price has failed for some time to reflect the underlying value of the business and now materially undervalues the Company."Why would management accept 25p when the above clearly states they believe the current value materially undervalues the company. Anything above 50p imo still undervalues this company massively as in 1-2 years time the macro environment should be improving along with a higher share price anticipating better times ahead, but bear markets throw up these low valuations for predators to snap up vastly undervalued companies. Of course debt is the concern but i believee ABU will come through and profits will be substantial in the future but i guess we will have to see whether management are negotiating from a position of strengh or if their hand is weak. If the share price is 25p and the mkt believed that to be the price investors/pi's would now be dumping in case the deal doesn't happen...there clearly is upside from here...how much is anyones guess lets hope management obtain a much higher price. |
Posted at 22/8/2008 10:14 by dumbarton2 More institutions dumping I reckon they are getting the jitters on slowing sales and rising euro plus weakness in euroland.This has all the hallmarks of getting into severe financial difficulties and with a poor share price they would have difficulty with a rights issue. |
Posted at 17/4/2008 07:33 by like2share Anyone have any Buy Recs on Abu that they can share...From ft.com... 'The one analyst offering a 12 month price target expects Abacus Group (ABU:LSE) share price to rise to 200.00 in the next year from the last price of 55.50.' For the past 3 months it is showing rec as BUY. |
Posted at 30/5/2007 15:38 by 2delta Alot of what bletherer says is correct and yes if there is a big slowdown/recession which i hasten to add is currently not been forecast by economists, i would imagine ABU share price might go alot lower but and i stress BUT ABU is making decent profits currently easily covering debt interest payments which i presume are at a low fixed rate. I'm surprised at the slowdown considering the eurozone is growing well. Having said that with hindsight the share price fall over the last week or so was flagged when Goldman Sachs 19 May rated Electrocomponents a sell sighting pricing pressure UK/US. Management seem relatively confident that once trading picks up they are well placed and when/if this is the case i suspect the share price will rise from these levels and very quickly. All depends on favourable trading of course and the market does generally overshoot in both directions. Sentiment can be a big driver in terms of share price direction.Interesting to see if any directors buy over coming months or not. |
Posted at 29/5/2007 15:10 by 2delta anybody know what's going on!!!!!My computer displayed abu share price was closed them my computer went down for a few minutes. now showing as trading abu |
Posted at 23/5/2006 09:32 by tadtech Looks like everyones left this thread?? Look how the ABU share price has been holding up against a weak market. Quite hard to believe that no-ones too interested in this stock. Interims due next Wednesday, a trading update with news on the progress of the 2 mergers, huge cost savings next year, low PE and 4.5% yield. Heading to £2+ IMO. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
