Aveva Share Discussion Threads

[robson1974] 17/3/2010 17:43

FT Alphaville were talking about Aveva again today. Should be beneficiary of Petrobras capex in Santos basin and some broker is pushing it...

Transcript here :-

[bluebelle] 17/3/2010 15:32

Been moving the stop loss on my SB up all day !Still a core hold for me, however :

from the 'when in doubt assume incompetence' school : Arriva announced today that it had received an unsolicited approach. Think about it !

[chector177] 17/3/2010 15:27

Aveva has rocketed again, next news isn't due until May if last year is anything to go on. I'm looking forward to enjoying the ride till then.

[grigor] 17/3/2010 14:05

I wouldn't want a takeover. The next three years will be very good driven by renewed demand for oil and booming trade in the far east.

[grigor] 16/3/2010 15:49

Still rising

[chector177] 12/3/2010 12:34

The share price has certainly taken off today!!

[robson1974] 12/3/2010 11:30

NH
and keeping with today's RAW related theme
NH
there has been gossip for weeks
NH
about someone stalking Aveva
NH
the FTSE 250 software company
NH
nothing much fresh to add
NH
but Goldman have issued a big buy note
NH
that examines why this is a strategically important company
NH
and here it is
NH
We reiterate our Conviction Buy on Aveva, raise our 12-month price target
to 1550p & maintain our substantially above consensus estimates. We
expect the stock to re-rate as the market's focus shifts from resiliency to its
significant growth potential and believe the current valuation (10.6x FY11E
P/E ex-cash) overlooks: (1) cyclical recovery in the oil & gas and power end
markets; (2) structural growth associated with infrastructure build in
emerging markets; and (3) AVEVA NET product cycle that could double
revenues in the next 5 years. In our view, Aveva remains a premier
strategic asset with strong operating metrics that is undervalued vs. peers.

NH
Aveva's design software is highly specialized with high barriers to entry, and the company
has a strong installed base of 1700 customers across the Oil & Gas, Power and Marine end
markets. In our view, this makes Aveva a strategically valuable asset against the
background of ongoing consolidation in the software sector.
NH
While other vendors such as Dassault Systemes, Parametric and Autodesk have expertise
in PLM and 3D modeling, we believe Aveva has strategic appeal:

NH
Exhibit 49 lists technology-driven M&A transactions in the software sector that have
occurred over the past several years, including a number in the PLM segment, where
Aveva participates. We observe a wide range of implied multiples, from 1.7x to 13.4x
EV/sales, although stripping out transactions involving companies under financial distress
narrows the range to 4x-13x. Additionally excluding the upper end of the range as they
tend to be smaller scale companies narrows the range to 4x-10x.
Applying this range to our FY11 estimates implies a valuation of between 1258p/share and
2702p/share per share for Aveva.
Aveva Group Plc (AVV:LSE): Last: 1,135, up 18 (+1.61%), High: 1,138, Low: 1,120, Volume: 71.93k
NH
so it could
NH
IN THEORY
NH
go out at £27
BE
That's interesting stuff.

[chector177] 11/3/2010 22:24

You make a good point Electronica, we will have to see if anything matures.

[electronica] 11/3/2010 19:02

Chector

1300p will never get a recommendation from the non-exec directors & the big holders would just laugh!!

1500-1600p would be the right figure in my view - bearing in mind the £140m (probably) of cash and the 70p per share (and growing) of free cash flow.

[chector177] 11/3/2010 10:01

What do you think a fair price would be? Anything above 1300p would be nice.

[robson1974] 10/3/2010 21:42

takeover rumours 1350 FT

Siemens and Dassault mentioned

[robson1974] 25/2/2010 13:00

NH
Right
NH
where now
NH
we could do more results
NH
or a little bit of RAW
RAW is market chatter – information that has not been formally tested through traditional journalistic channels (PRs etc). The story might be complete rubbish, but if we believe there is some substance to it we will say so. Either way, Reader Beware.
BE
The latter, I think.
BE
What's on your mind?
NH
ship building
BE
Aha!
NH
well
BE
And not VT Group I assume.
NH
nope
NH
this is about the software used
NH
to design ships
BE
Aveva then.
BE
Had a wee run yesterday.
NH
that's the one
NH
bid rumours about
NH
talk of a £13.50 a share bid
NH
now
NH
pretty illiquid stock this
Aveva Group (AVV:LSE): Last: 1,045, down 3 (-0.29%), High: 1,063, Low: 1,043, Volume: 92.27k
NH
and probably one of the least followed in the FTSE 250
BE
It's another of those Cambridge tech plays I think.
NH
market cap is just over £700m
NH
and a trade of 250,000 shares
NH
is a lot for this one
NH
Now
NH
I have no idea who would look at this company
NH
an oil field services company perhaps?
BE
Hm.
BE
My instinct is that a trade buyer could jeapordise customer relationships.
BE
Someone like Autodesk in the States might take a look I guess.
BE
No idea if the numbers work on that though.
BE
That's just me spouting randomness.
NH
do we have any notes on this company
NH
have we ever written about them before?
BE
Not much.
BE
As you say, they're underfollowed.
BE
Have just been scanning back for decent research over the past couple of months, and have come up with nothing.
NH
great
NH
Will have to make a few calls around on this later today

[thearcticfox] 28/1/2010 23:11

A few days old now:-

[bluebelle] 26/1/2010 14:49

Thanks sharw : don't read the Indie regularly but wouldn't argue with that piece !

[sharw] 26/1/2010 14:35

AVV features in the Indie Investment Column today:

[rampmeister] 24/1/2010 19:33

Fair play sonder I may have been confusing this with Senior (probably a senior moment).

RM

[sonder] 22/1/2010 15:52

AVV is already in the 250 and the index looks at other factors than just Mkt Cap before they make the cut. I guess the trackers are already up to weight.

[rampmeister] 22/1/2010 13:31

Momentum can continue to build with AVV currently at 257 on the list and needing around 5% rise to push into the 250. Tracker funds will be loading up and I'm sure I read there was a recent buy note from Goldman. And Goldman rule the world - don't they?

RM

[porsche boxster] 07/1/2010 17:03

Anyone have any view as to where the share price may level at?

We've had an excellent run over the last 12 months, but with PE now approaching 18x I am wondering whether to get out of this one.

PB

[bluebelle] 07/1/2010 16:13

Not just today ! As I've often said, some of the best stocks have the least active bulletin boards !!!

[chector177] 07/1/2010 15:22

Nice movement again today , up up and away :-)

[chector177] 03/12/2009 15:51

nice move in the share price today.

[bluebelle] 25/11/2009 11:53

Well that would be good in the short term but the long term potential is greater than £15 IMHO.