Ashoka India Equity Inve... Share Discussion Threads

[picobird] 04/10/2014 08:02

Geraldp- you just don't have a clue really.

[gerardp] 03/10/2014 19:20

Xceed achieved revenues of $11.8m with $1.6m of EBITDA. $30m looks like a bad move hence the lack of any market reaction.

[nomdeplume] 03/10/2014 12:51

Substantial selling over the last two days. I doubt the share price will rise until the overhang has been cleared. Well down at present, but I feel there is upside here, so will continue to hold. If I did not have enough already, I would consider this a good buy at the current price.

[p1nkfish] 03/10/2014 11:26

Right now sentiment isn't in favour so I wouldn't expect any very positive reception to this. Looks like a very sensible bolt-on.

[muscletrade] 03/10/2014 10:15

Both Canaccord and Northland have both reiterated their BUY this morning, No change to target price yet at 106P and 120p respectively.

[mbmiah] 03/10/2014 09:12

10% drop in share price suggests some weren't so convinced by this acquisition? Anybody? I don't know obv lol. The U.S. Is where the big bux is however.

[irenekent] 03/10/2014 08:07

Totally agree pico. Where does this leave Spirent? They might have to take us over to even stay in the game - now there's a thought!

Irene.

[picobird] 03/10/2014 07:51

03/10/2014
Acquisition - Network Testing significantly expands its data analytics capability

Looks like they have pulled the rabbit out the hat. Brilliant acquisition that underlines their leadership in wireless testing & solutions. Decent price too £18.6 mill. Leaves £31.4 mill cash available still.
I must admit that Spirent were taking an edge on some of their toolsets including Volte testing & Synaptics data gathering which was rather worrying, but alas no longer.

The market will welcome this news, two companies complimenting each other & a major force in the industry. Contracts should start rolling in now, especially China Mobile.

This also gives them a significant presence in the US & will edge out Spirent with so many of the U.S. operators using Xceeds services already(90%).

They have also replaced the Travel profit (which we lost in the sale) with a company at a third of the price approx. Close to pure genius !

The carrot to make the partnership work will be an extra $5 mill dependent on the next two years performance by Xceeed whilst merging that company into the Anite wireless testing business under the management of the ex Elektrobit director (Propsim scenario).

If we look at the acquisitions made by Spirent covering the same areas over the last six months or so you will see that they paid about an extra $20 mill compared with this deal negotiated by Anite.

The personnel logistics will be interesting to observe. A minor problem, but the world has just got a lot bigger for Anite with that US connection/ base.

Ftse on the up as well - looks like a brilliant ending all round for the week.
(Asia shock off the Blues overnight while the U.S. remained soft but positive)

Well it's the end of the day now & the U.S. figures have allowed the Ftse to rise nicely.
The Anite plan is falling into place & the company is evolving.
The 2015 figures should be very good.
Nice end to the week.

[muscletrade] 03/10/2014 07:41

"In its financial year ended 31 December 2013, Xceed achieved revenues of $11.8m with $1.6m of EBITDA. The business is expecting to report significant growth in its current financial year".

I like that bit.

[p1nkfish] 03/10/2014 07:29

Not at all sure it will do anything for the share price for 18 months.

[p1nkfish] 03/10/2014 07:28

Looks like a good acquisition and fit. EPS enhancing current year before integration costs. Rounds off that side of the business.

[werty5] 03/10/2014 07:26

At last some news which I have to say looks exciting and should move the share price north. Only a quick glance at it because the dog needs his walk but I will take a more detailed look later on.

[picobird] 03/10/2014 06:43

Probably a Jehovah's Witness - The end of the World is Nigh.

The Ftse could do with a bounce or preferably a rally. October should end strong.
Lagarde made a good announcement yesterday but the markets overreacted.

[mbmiah] 02/10/2014 22:47

Let's all commit suicide, who knows what's gonna happen!!!! - please, no diks on this forum there never has been - you maybe right, but you must provide evidence to suggest such a downgrade to AIE. 85 pence is bad enough lol

[pmj35] 02/10/2014 21:27

get out now before it goes sub 50p over the next few months smartphone rapid growth phase over 2yrs of consolidation coming despite the hype of china - its all priced in - who knows who the winners will be.

[werty5] 02/10/2014 12:34

No problem Pico still listen to what you say with the highest of regards even if we differ on certain aspects. Think we all have agreed that the rot has stopped in regards to Anites fundamentals and a repair is underway even if the market doesn't see it yet. If I abandon Anite once again it is not because I don't think they will turn everything around it will just be because either I spot what I think is a better short term place to invest my money or that I think the general market smells so bad that I am better pulling the plug. Whatever I choose does not mean that I will not be back waving the Anite flag again.

[picobird] 02/10/2014 11:33

The whole sector has suffered. I feel for the CEO that got the boot from Spirent.
He carried the can for the passengers on the BOD. He knew the business very well & was taking the load other companies would have spread among several directors.
Apologies for any offence caused about active & passive quarters, it was not intended to reflect on any peeps.
See today that China is to have growth of 7% plus for the next five years. Quite an achievement seeing how much larger their economy is compared to the year 2000.

[rathlindri] 02/10/2014 10:57

"A few extra quid here and there" is the primary reason we invest our money. The fact that AIE has lost us money over the last two years is why some people aren't happy pico......despite all the proclaimations of what a wonderful company it is and how well it is run by such wonderful people

[werty5] 02/10/2014 10:09

Mind you all that about being proactive not sure what I would be proactive on the market is just horrible right now.

[werty5] 02/10/2014 09:52

No you have not offended me in anyway Pico but perhaps the assumption that not many people know about Anites best quarter's was not the best post without causing some angst.

[picobird] 02/10/2014 09:32

werty5, yes I know where you are coming from - great stuff. Have I said something that you have misinterpreted ?
The reason why I have not been proactive is basically because I have always thought the company was about to be taken over. Also their fundamentals have been good & they have been growing their business. The markets threw a spanner in the works last year out of the blue.
Anyway, I shall be trading more (not Anite) before the year end.
A few extra quid here & there will come in useful.

[werty5] 02/10/2014 09:07

Pico I am well aware of Anites better quarter's doesn't mean that I am willing to hold on to the share at any cost. When like last time I made better profits elsewhere whilst Anite just sat picking it's nose. Sure I could just sit here and say how great Anite are and how things are starting to look rosie and you know one day I would be right, I prefer to be a bit more proactive than that but horses for courses etc....

[a13878713] 01/10/2014 16:45

Cheers pico, if results beats expectations in the next second quarter I believe a steady recovery to £1 will happen quickly taking investors by surprise, only an overall market downturn will keep this share below £1, however others will want to see north of £1.50 to recoup losses which will take time imho.