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Aveva Share Discussion Threads
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|AVEVA Group saw a return to growth in both revenue and profit in the year to the end of March, assisted by positive currency translation effects.
The group said the board anticipated that the results would be broadly in line with market expectations and that cash generation would be ahead of expectations with the group closing the year with cash of approximately £130m.
AVEVA will announce its results for the financial year on 23 May.|
|Interim results Nov 8|
|Surprised there wasn't more of a pop after the HP / Micro Focus deal announcement.|
|Another approach around now would be manna from heaven on top of the recent gains.
Could push us to all time highs.|
|It's pay day today!|
|Now that Long Johns is out of the way, will the Schneider tie up be back on, or will that only be in play from Jan onward?
Be nice to have some transparency.|
|That's more like it. US jobs figures helping.|
Hey it's a Friday ffs|
|Must admit, couldn't understand the slow start after those reassuring results.
Picking up speed now.|
|(- Aviva Group has announced the stepping down of chief executive Richard Longdon after three decades at the data and IT group, which also said it could benefit from a potentially sizeable currency gain for the full year due to weakness of sterling since the EU referendum.
The FTSE 250 engineering data and IT provider, which said Longdon would be replaced by chief financial officer James Kidd at the end of 2016, added that trading had remained satisfactory in recent weeks.
Kidd, who has been CFO since January 2011 and taking an increasing role in the commercial and operational development of the group in recent years, will be replaced in that role by Aveva's current head of finance, David Ward.
On trading, Aveva said it had made "satisfactory financial and operational progress in line with expectations", with no noticeable change in the trends noted at the time result were reported on 24 May, with a repeat of the seasonality seen last year.
But the increased forex volatility and weakening of the pound versus the euro and dollar, if extended for a prolonged period, was said to be likely to produce a currency benefit for the full year.
Aviva also said net cash stood at £133m at 30 June thanks to strong cash generation in the first quarter.|
"...a very attractive proposal was made to Aveva shareholders, which was turned down by Aveva and I'll let Aveva comment on that..."|
|Why would Schneider come back six months later with a revised approach?
Don't think the saga's over just yet.
Watch this space.|
|Schneider Electric and Aveva Terminate Talks Again
Dow Jones News
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Today : Wednesday 15 June 2016
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By Rory Gallivan
LONDON--French industrial group Schneider Electric SE (SU.FR) and engineering software designer Aveva Group PLC (AVV.LN) have for a second time terminated talks about a tie-up between the two groups.
Aveva had said on Monday that the two companies revived talks about a proposal from Schneider for Aveva to combine with Schneider's software business and Schneider to take a stake in Aveva in exchange for a cash payment.
But Aveva Wednesday said without elaborating that the discussions have been terminated.
Shares in Aveva were suspended ahead of Monday's announcement, but will resume trading this morning, the company said.
The termination of talks comes after the two companies late last year failed to proceed with a proposed tie-up that envisaged Schneider taking a 53.5% stake in Aveva and paying 550 million pounds ($778.9 million) into the company.
-Write to Rory Gallivan at firstname.lastname@example.org; Twitter: @RoryGallivan
(END) Dow Jones Newswires
June 15, 2016 02:33 ET (06:33 GMT)|
|Aveva Group has walked away from a second round of talks with French suitor Schneider Electric and has applied for its share to resume trading after their suspension.
Discussions between the FTSE 250-listed group and its larger counterpart fell apart at the end of 2015 after the due diligence process revealed that it would be much harder than expected to carve out Schneider Electric's own software assets from the rest of the company.
Reports earlier this week suggested interest in a possible buy-out had been renewed, with the intention reported in the Financial Times that the French energy giant to take a majority stake in Aveva in exchange for around £550m in cash.|
|Down we go then. Those talks lasted two days.|
|LONDON--Industrial software provider Aveva Group PLC (AVV.LN) and French Industrial group Schneider Electric SE (SU.FR) have rekindled talks about a tie-up between the two companies.
Aveva on Monday said it has received a revised proposal from Schneider for Aveva to combine with Schneider's software business and Schneider to take a stake in Aveva in exchange for a cash payment to Aveva.
The proposed deal is similar to one the two companies had talks about but abandoned last year, which envisaged Schneider taking a 53.5% stake in Aveva and paying 550 million pounds ($793.7 million) into the company.
The talks were abandoned after the companies failed to agree on precise terms.
Aveva makes software for industrial purposes including building oil rigs. Schneider Electric designs systems in areas including data centers, healthcare and buildings.
Aveva shares were suspended at 1300 GMT up 164 pence, or 9.7%, at 1,855 pence valuing the company at GBP1.19 billion.
Write to Rory Gallivan at email@example.com; Twitter: @RoryGallivan
(END) Dow Jones Newswires
June 13, 2016 09:51 ET (13:51 GMT)|