Ashoka India Equity Inve... Share Discussion Threads

[kilgallp] 17/6/2015 09:39

I hope you're right pico, I would have expected a higher sale price.

I'll be in profit so can't complain, but think this price undervalues the co!

[picobird] 17/6/2015 09:32

I agree Irene. The offer ends apparently in October, so plenty of time & we know that there are other suitors.
Keysight (from memory) were spun off because they were a bit of a dead loss to Agilent.
China Telecom are totally global but none too keen on Americana.
We shall see.
There must be another suitor out there who will go to 150p at least !!!

So far they have 15.2 % stakes accepted by a couple of institutions.

[irenekent] 17/6/2015 09:12

pico

Well. well, well! Now there's a surprise. I thought the board were ready to retire and now we have this. An offer that seriously undervalues the company. My old dad must be turning in his grave (as you know he founded this company). I can remember back to when these traded at 300p and not long ago at 150p. I wonder who else might make a bid - the Chinese aren't going to be too keen on dealing with what is a subsidiary of an American company which was spun out of Agilent who had a partnership agreement with Anite a few years ago.

Lets hope that an alternative suitor presents themselves. I am certainly not happy voting for this at this price but it will be up to the institutional investors at the end of the day and I expect them to vote for the fast buck.

AGM July 1st I think. I'll be there I hope.

[picobird] 17/6/2015 08:27

werty5
Funny enough the course that I am finishing this week had it's penultimate webinar last night. I now have 2% ingrained in my head compared to your 1%.
Being a cheapskate I am not paying 500 notes for their final course (sprat to catch a mackerel) but have invested .99p in a Kindle book entitled something like ' 500 pips towards a successful forex trading strategy'.
Not interested in FX trading, only equities but the maths is the same.
There is a magic formula of (memorised) Trading size = pip Location/ pip value .
Anyway, there are 12 magical candlestick signs & together with a sensible trading strategy should make investing much safer (Anite was based on fundamentals).
Thanks for the offer anyway werty, but I should be okay now. Have a couple of companies that I want to pursue.
Must agree that the BOD have done well over the years & it does give us shareholders a chance to move on with hopefully a higher offer being made in the coming weeks.

Thanks Butmac - you seem well on the ball with TA like werty5.

[butmac] 17/6/2015 08:26

"Agreed about the M & A talk but these analysts are putting it about which includes Liberum."

You had it right Pico well done and good luck with your TA

[prita] 17/6/2015 08:19

I've sold out. Whilst the offer is great news, I do think they sold out too cheaply. I would have wanted at least 140p a share. Their may be counter offers, but I'm not all that confident becasue the management have whole heartedly supported this deal which is a bit perplexing if they felt it undervalued the company. If they thought their was more in the tank, surely they would have just advised an offer had been made but not yet reached which would have got other potential bidders interested. Perhaps their's some nasties in the results? Who knows. But I've taken a good profit in a short time so happy with that. If you still hold, best of luck!

[davr0s] 17/6/2015 08:13

Trading at a small premium to the offer.... Market pricing in possibility of another offer?. I plan to hold for the moment and see what develops....

[ramridge] 17/6/2015 08:02

Simon Thompson of IC has scored a bull's eye here. In his article on 26/5/15 he recommended Anite as a strong buy and even mentioned Keysight Technologies as a potential bidder.
His target price at year-end was 110p.

[mbmiah] 17/6/2015 07:54

So what happens now?Do we sell at 126 or can it go higher lol

[picobird] 17/6/2015 07:51

When IC published their two page analysis of AIE at the end of May & mentioned Keysight, I thought at the time that there may have been a tip off to help the share price along. The fact is sentiment has become positive with this company & other suitors cannot be ruled out. There are some huge customers like China Telecom which makes this offer price look rather silly.

[nomdeplume] 17/6/2015 07:45

Do we trust the BoD? Personally, I feel they have done a good if under-publicised job. Unless there is some other reason to doubt their recommendation, such as them moving to take up positions with the takeover company, I will respect their advice.

However, I do have mixed feelings over this. Let us hope there are other bidders waiting to be flushed out. It would appear that Anite is now a successful company on the way up and the offer price does seem cheap.

[ramridge] 17/6/2015 07:28

As Ray Winstone says in the advert, sometimes you just got to take the money and run.
I bought these shares 3 weeks back. Very happy.

[picobird] 17/6/2015 07:27

Thanks davROs. At least I am completing a TA course this week which puts me in a more knowledgable trading mode.
Hopefully more suitors will be flushed out.
No more eggs in one basket for me from now on - :-))

Thanks werty5
GLA

[werty5] 17/6/2015 07:24

Got to be realistic Pico this is an initial offer and not a bad one considering the current share price. A company which makes an offer for another company at over double the value would not be doing it's job right and would have it's shareholders up in arms. Remember this is only an initial offer and it might bring further offers from other parties. I understand that you might more than a little upset being a long term holder and someone who clearly understands the business and the company of anite better than most. I on the other hand don't perhaps have the same emotional attachment and was only ever in for profit so see take over bids as a bonus just a case of how far up the greasy pole this will take us???

[davr0s] 17/6/2015 07:17

Having only re entered this share in the last 2-3 weeks so I can't sniff at a 20% gain! but it does look a steal for the acquirer and surprisingly done and dusted. Surprised they didn't announce they were under offer and create a bidding process - though I wonder if this will still flush out other suitors and push this higher? But all in all taking any emotion out can't complain of a 20% gain for the month.Pico, you have been here for years and when the price was higher so can understand your views too.

[callmebanana] 17/6/2015 07:10

Congratulations to all holders, this is superb news that we've been greatly rewarded, the BOD deserve great credit for this.

[picobird] 16/6/2015 15:52

Interesting to read that a Grexit should make little difference to the FTSE 100. With the probability of it happening at more than evens it would seem that the index already has that priced into the index. I would imagine that the small caps are probably even more immune to the event.
Personally only interested in the effects on AIE which now seem minimal.
105p next resistance point.

[picobird] 12/6/2015 20:02

Been waiting for a tell tale candlestick this week & that hammer looks good for next week.
Agreed about the M & A talk but these analysts are putting it about which includes Liberum.
This upward trend could take us up fairly quickly together with the AGM news & the accompanying analysts meeting.

[butmac] 12/6/2015 18:32

Possibly a rise Monday provided external influences do not affect... GREECE!!!
End of day today Ive got a hammer with a bullish swing point low on my chart.

If it does finish the day even slightly up Monday then there will also be a double bottom formed on my line chart from the 4th June. So the Runes are positive lets wait and see.

Fundamentals are more reliable than TA in the long term. I use TA to get the best price when buying in, or off loading and maybe.. maybe.. the occasional trade when there is no seismic news or effects.

Trading week to week I cannot do, the feeling of selling then being out of the market hoping and waiting for a drop in price naked! To get back in...no thanks I'll leave that to the experts. Takeover? Well we have all been there before with Anite and I will believe it when it happens. Gossip is opinions and like mine not to be taken literally.

GLA for the coming months

Oh yes see Liberum Capital have downgraded Anite to a hold from a buy. All the other Analysts say buy. Liberum have been covering Anite since April this year so I will leave you all to make your own mind up regarding the hold analysis and target price of £1!

[picobird] 11/6/2015 08:40

mbmiah - hello
The IC had a 2 page analysis by one of their top guys a couple of weeks ago. He mentioned some big names including Rhode & Schwarz as interested parties. They are a German test & measurement company.
Also the Motley Fool did a story which included SPT as one of a likely threesome to double in price. Hence that would pull in interested parties.
Other than that the AIE price is looking very bullish with plenty of bulls around.
Looks like the long term shareholders need the BOD to filter out the 'rubbish' predators. Hopefully AIE can continue as an independent company but we have to question whether this bull run is set to continue in the market in general. Have we had seven years on the trot in the past, probably not.
A good run for AIE up to the AGM is necessary & in the weeks following re their share price
R & S is a Family run business which is a bit odd nowadays, but it seems to be 100% German.p

Gerd - hello
I know what you mean, I do not put links on myself but there is a way to stop ADVFN taking you to other sites. Press the green spot & login & then you should be able read the thread without any hassle. Do not under any circumstances press the red spot or you will be ejected 50 feet into the air - LOL.
ADVFN provide really good accurate info in their free section should you need to transfer company figures & ratios to a spreadsheet. Needed for fundamental analysis but not all punters trade on FA, only TA.

[mbmiah] 11/6/2015 01:20

Do you have any links to these stories/rumours Pico?Thanks

[gerdmuller] 10/6/2015 11:48

Pico,

I was trying to read your comments on here last night on my phone when I seemed to be taken to another page and was then sent a text saying I had subscribed to BGames and will be charged £1.50 per week unless I unsubscribe. Pure daylight robbery from your mobile account if you don't send a stop text. When I have time I will have to contact advfn about this but it does now make me very worried about using a mobile to view comments on here in future.

I am interested in your comments about possible M&A regarding these as I haven't noticed any.

[irenekent] 10/6/2015 07:55

Totally agree pico