Who why is this even trading? |
Spirent will recover, they usually do. |
Well, Spirent have finally issued the profits warning which has been six months in the waiting.
In both the H1 quarters the CEO said basically, well if the quarters had been 3 weeks longer we would have hit target.
LOL |
 Test & Measurement is a complex sector. I agree that the Anite directors wanted to get out while the going was good. They told us about three years ago that the competition was quickly catching up.
In order to survive against the likes of R & Schwarz ( 10 times as many employees ), perhaps you either get bigger quickly or get trampled underfoot.
Anite could have held out for 200p with Keysight but private investors are powerless.
The business is easily understood by techies but the ordinary Joe struggles with the jargon.
The remuneration packages for the CEO/CFO was basically an embarrassment & could not be justified.
The shareholders got kicked in the unmentionables, but in six months time after the Bear market kicks in we may be grateful for a bit of liquidity.
It could be that there was no counter bid because the competition already has the technical know how .
It might also be worth bearing in mind that Anite paid a small fortune for their Propsim Emulator. Nowadays, we are dealing with China & I see no reason (knowing their morals) as to why they would not clone the hardware & software of the device & probably the IP scripts that go with it.
"Last year, fed up with a torrent of bootleg cellphones that was costing the company a billion dollars a year, Samsung hired investigators to trace the phones back, through multiple supply channels, to their manufacturers. The results of that investigation, along with analysis done by independent researchers, uncovered some of the technical strategies undertaken by reverse-engineering operations.
The cloners start by deciding what phones would be most profitable to clone. They then learn everything they can about the device. They attend trade shows, furiously snapping photos of not-yet-released products until someone notices and shoos them away. They will be first in line to buy the new product whenever it hits stores. And they will look for shortcuts, such as a patent filed in China that can act as the beginning of an actual production guide.
The cloners hire a team of between 20 and 40 engineers to begin decoding the circuit boards. At the same time, coders start to develop an operating system for the phone with a similar feature set. (The typical cloner either uses off-the-shelf code, writes something entirely new, or modifies a publicly available Linux-based system.) Both processes take about a month. By then, ancillary items-plastic casings, accessories, manuals and packaging-are ready as well. Full production begins at another factory, one that is already building phones, within about eight weeks from the time the engineers are hired. After a run of about 30,000 units, the cloners move the operation to a new facility in order to avoid detection.
Samsung was impressed by the efficiency of the cloners, so much so that the company offered them jobs. The cloners said no. Earning about $1.25 per phone, the cloners said, they found it easier and more profitable to make fakes. The only known result of the investigation? Samsung now takes care to release products in China shortly after they come out in Korea. Its only defense is to give cloners a smaller window of opportunity." |
RI, needs more money to grow (shareholders money presumably), business not easily understood.....sounds moderately toxic to me. Nevertheless, we've been jipped by the dirty Chris, sly mada facker |
Interesting that this was a cash only deal. Looks like the directors just wanted to get out while the going was good. But then I'm a cynic. |
There is nothing toxic about Anite. They need more money to grow bigger, hence the Capital Markets Event held in February. They have ambitions which are going begging because they cannot fund them.
Perhaps a Rights Issue may have been considered, but I had no extra funds for that & perhaps it was a no -no because of their share price record. After all, nobody really understood the company - bit too technical.
The one company that I would like to invest in is Rohde & Schwarz but that is not possible because it is family owned.
As Irene said, we got ripped off.
Keysight is an interesting chart. Agilent were too slow to catch a cold.
The question is 'can Keysight cut the mustard ?'.
BTW - I think the competition had caught up.
Also, we could be in for a fair bit of grief as the Bear Market must surely be just around the corner.
Most shares will be in for a battering then, & Keysight, well just how far below $20 could they fall ? |
"If the company is as good as we all think it is"
Indeed, but is it?? Why no counter bid? |
The thing that astonishes me more than the behaviour of the BOD is the non appearance of a counter bid. If the company is as good as we all think it is, and if the present offer is manifestly low, then the missing of this opportunity by a rival is unbelievable. So what do we not know?
My mind goes again to the takeover of ABM AMRO by the infamous Sir Fred of RBS. He topped Barclay's offer only to find that the takeover brought RBS to its knees, and resulted in his demise (sacking and disgrace). He had not known the amount of toxic debt that would accrue with ABM AMRO. Could there be something sinister that, as yet, we do not know? |
Anybody know who Maven are buying for? |
A bitter sweet end to a long ride. I made a 100% profit but really expected the shares to rise to 160p and am disappointed and somewhat bemused by the actions of the BoD. But possibly there are unspoken reasons why a higher competitive bid was not forthcoming. I'll take my profit and miss the roller coaster of Anite share ownership! Best of luck to the regulars on this forum. |
Sorry to hear not the result that you all wanted. Just a heads up if you want to invest in a cracking company not a million miles different to Anite you could do worse than take a look at Laird (LRD) announced its results yesterday and bounced north a considerable distance. Good luck in future. |
yes, bye bye all. what a rip-off. |
Pico, does this mean a counter bid cannot take place now? |
Court Sanction today was passed.
So I suppose the cash settlement will be distributed in a couple of weeks.
About one month to be more precise from today.
I can see Greece dropping/pushed out of the EU in the not too distant future. |
sorry meant to sell in my previous post |
Fish, Maven are continuously upping their stake here |
please tell me when it is time to buy- is there still hope for acounterbid? |
Not much happening here then - not even a whiff of a rumour |
Cheers werty5, all the best for the future. |
Well, my vote against has now been entered. |
Well I sold out this morning looks like a done deal. Good luck to all holders. Would like to thank Pico for his tireless input and pass on my best wishes to long term holders Irene and Pico and hope fortune smiles on them in future |
Thanks scobak,
We live in hope.
Irene. |
Cheers scobak. Thanks for the info & will look into it.
I have tracked one or two companies over the years & may give them a go. I think it takes a fair while to 'trust' a BOD. Anite for instance has always been very transparent but it takes time to 'learn' about any company.
Unfortunately, we lost at least 20p on the Anite bid simply by the timing of a few weeks. The price has always risen on the IMS & then again on the announcement of the formal results.
Add to that the TA forecast over 2-3 months & an array of other factors & that builds to a 50p shortfall.
The BOD have certainly put their own interests first, as the CEO cannot be that 'thick'. |
I am currently looking at the companies Brian Kennedy is involved in. Seems to be very effective at buying and selling companies in the construction industry. He has previously had connections with Everest, Latium, Epwin among many others. Seems that if you can get in on some of the IPOs that there is usually a good bit of upside.
Just a starting point for you Pico if looking to find homes for your proceeds. There is obviously much ongoing research following such people but adds some fun and interest and the prospect of some capital growth.
Anyhow good hunting Pico. |
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