Aveva Share Discussion Threads

[ruethewhirl] 20/7/2015 11:20

Didn't think a take over offer would happen so soon after it was announced as a possibility in the news media.

[ruethewhirl] 20/7/2015 11:12

Jees glad I didn't sell on recent share price weakness.

I needed some good news after the Lord's Ashes Test.

[jch18] 20/7/2015 08:43

A very interesting deal. I wonder what this means for the share price medium term?

[broadwood] 21/5/2015 15:35

Pretty irrelevant should a bid come along.

Citigroup downgraded its stance on Aveva to 'neutral' from 'buy' saying the valuation is up with events.
While it continues to believe that Aveva is a high quality mid-cap name, Citi said that after the recent run - the shares are up 53% year-to-date - driven at least in part by ongoing bid speculation, the shares are trading at a significant premium to historic multiples.

"We highlight Aveva's share price and multiples have historically shown a strong correlation with the oil price. With Citi economists forecasting little recovery in oil prices ($75 per barrel by December 2016), we struggle with the recent move, and the resultant premium valuation and downgrade the stock," said Citi.

It said the key to drive the shares further from here would be progress on a number of key strategic initiatives and a further recovery in end markets.

Citi group said the business remains well placed for solid growth given its strong market positioning and uptake of its E3D software.

Citi raised its target price on the stock to 2025p from 1745p as it introduces its long-term discounted cash flow growth assumptions.

[ruethewhirl] 20/5/2015 08:37

Where's this skyrocket going to stop?

Happy to ride it for the time being.

[broadwood] 20/5/2015 08:35

Off and running again.

[broadwood] 18/5/2015 15:38

- Engineering software company Aveva Group PLC is understood to be an acquisition target for a slew of US and European suitors, The Sunday Times reports.




Senior City sources told the newspaper that Aveva is likely to be targeted by French energy group Schneider Electric SA, US conglomerate General Electric Co, and US-based manufacturer Emerson Electric Co.

Aveva is set to publish its full-year results on Tuesday following a difficult year compounded by a profit warning it issued in September

[broadwood] 18/5/2015 15:34

Engineering software group Aveva topped the risers on weekend reports that it could be an acquisition target of Schneider Electric, General Electric and Emerson Electric

[sharw] 18/5/2015 13:30

There was an interesting discussion this morning here:



There are two sections (search Aveva or AVV to get straight to them).

You may need to register but that is free.

[broadwood] 18/5/2015 08:37

Fantastic, if true.

Emerson to be joined by others. Striking whilst the oil price is low?

[ruethewhirl] 17/5/2015 22:36

"A PACK of European and American conglomerates are plotting bids for Aveva, the £1bn British engineering software developer."

hxxp://www.thesundaytimes.co.uk/sto/business/Tech_and_Media/article1557075.ece

[stevenrevell] 15/5/2015 09:59

Any more upward on this ?

[ruethewhirl] 06/5/2015 23:36

Nice uplift.

[broadwood] 06/5/2015 16:12

Bid coming?



Aveva takeover rumours re-emerge as US-based Emerson eyes spree

Shares in Aveva have continued their rise this week as City rumours about a potential US takeover have bubbled to the surface after almost a year lying dormant.
The engineering software group last September issued a profit warning related to the plunging oil price that scared off many investors and the apparent interest of US engineering conglomerate Emerson.

But the US company's chief executive David Farr has recently said he is looking to pursue sizeable deals in order to placate anxious investors.

After spending time with the company recently, Credit Suisse confirmed Emerson was "actively" considering strategic options.

"With a diverse portfolio, under-levered balance sheet, and several strong global franchises, EMR is clearly well-placed to enact considerable strategic change. We think the CEO sees this, and is now willing to undertake several such steps, which should help reverse the stock's performance, and improve investor sentiment (which has become extremely negative)."

Aveva has been coincidentally connected to Emerson last summer and the new whispers seem equally speculative, though some media reports have mentioned a possible private-equity cash offer in the region of £24 a share.

[broadwood] 21/4/2015 16:38

Must admit I was puzzled by the underwhelming reaction to yesterday's results - but more than made up for it today.

[broadwood] 20/4/2015 17:16

A short trading update from engineering software group Aveva received a mixed reaction from the market on Monday, though Numis Securities reiterated its positive rating on the stock.
The broker, which maintained an 'add' recommendation, said the company is a "world-class business" with a powerful position and long-term favourable product cycle, despite challenges affecting some markets.

Aveva said it expects results for the year to 31 March to be in line with market expectations, which Numis said implies revenues of £208m and a pre-tax profit of £61.5m.

While this will be down on the £237.3m and £78.3m reported for last year, respectively, owing to some tough end-market conditions, Numis said "this is an excellent result and testament to the strength of AVEVA's products, customer relationships and staff".

It added: "There is no additional detail in the statement, but from talking to management we understand that, reassuringly, the performance was 'balanced' with no particularly exceptional deals."

The stock's current valuation "does not feel aggressive to us", Numis said.

[broadwood] 20/4/2015 07:41

Resilient update.

Engineering software group Aveva has delivered a short, albeit positive, pre-close trading update which said annual results should meet analysts' forecasts.
The company, which works in the oil & gas, mining, power, chemical, paper and marine industries, said that figures for the financial year ended 31 March "are anticipated to be in line with market expectations.

"The board believes that this result, which has been achieved in mixed market conditions, positively reflects the resilience of the underlying business model," the group said in a statement on Monday.

Aveva, which is due to announce its results on 19 May, is expected to report a pre-tax profit of £60.2m on revenues of £207.9m, down from £69.0m and £237.3m the year before respectively.

The company had said back in January that it was experiencing "increased uncertainty and reduced visibility" in the oil and gas market, which drives around 45% of group revenues

[jeffcranbounre] 17/3/2015 16:21

Technical analyst Nicola Duke charts Aveva #AVV on today’s ADVFN podcast.

To listen click here>

[jeffcranbounre] 06/1/2015 18:53

Aveva is mentioned in today's (06/01/15) ADVFN podcast.

To listen to the podcast click here>

In today's podcast:

- Alan Green CEO of TradersOwn.co.uk chats about Nanoco and Game Digital. Alan on Twitter is @TradersOwn

- And the micro and macro news including:

Nanoco #NANO
Tesco #TSCO
TERN #TERN
Game Digital #GMD
Ultrasis #ULT
Rolls-Royce #RR.
LondonMetric #LMT
Hunting #HTG
Meggitt #MGGT
BP #BP.
Royal Dutch Shell #RDSB
Galliford Try #GFRD
Senior #SNR
Bunzl #BNZL
Morrisons #MRW
Sainbury’s #SBRY
LGO energy #LGO
AVEVA #AVV
Indivior #INDV
Northgate #NTG
Cineworld Group #CINE


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Justin

[ocaudillo] 16/9/2014 09:46

£14M of revenue gone from the period due to currency and timing.

Currency washes out over the medium term (indeed it's already nearer 1.60 than 1.70 now). They go up and down.

And timing, well - it's timing: "the timing of renewals will result in more revenue falling into the second half of the current financial year compared to previous years". So it looks like this currency soiled revenue will get booked somewhere along the line and make it into the annual report.

Let's try inverting the situation - take this IMS: "Revenue is expected to benefit by £14M though weakened currency and the bringing forward of some revenues. Second half revenues will be lower than usual due to these accelerated bookings".

Result? Gain in market cap of £300M. That would seem a little overdone to me.

[ohisay] 12/9/2014 18:11

Quite a bit of coverage here.

[tweeeek] 12/9/2014 13:19

In at 1665 earlier, will get my people on it before taking a bigger position.

[gunnerman] 12/9/2014 11:59

Agreed NY Boy.
A savage mauling followed by a bit of press bid speculation over the weekend should give us a bit of a lift on Monday.
In too early here at 1700p

[ny boy] 12/9/2014 11:26

Bought a few for the pension fund 1660p, like the take over rumours now this has had a nice fall of 20%+

[sanks] 12/9/2014 10:40

My bird Sheila told me to wait till £5.19..i'm gonna listen to her
Hope this helps