Aveva Share Discussion Threads

[ruethewhirl] 10/11/2015 08:36

Results and update a snoozefest.

[ruethewhirl] 20/10/2015 21:25

Doubt there would be share price "uncertainy" if Aveva was more forthcoming with continuous disclosure surrounding the reverse takeover.

Interim results next month.

[broadwood] 20/10/2015 15:58

Shares in engineering software company Aveva rallied in early trade after Berenberg upgraded the stock to 'buy' from 'hold' and lifted the price target to 2,450p from 1,977p.
"Our discussions with various interested parties have strengthened our view that the deal between Aveva and Schneider will close," it said.

Berenberg noted that Schneider has acquired a number of software assets over the past five years and as a result, the bank reckons its management is strongly motivated to close its reverse takeover of Aveva.

While Aveva's share price seems to reflect the market's uncertainty about the deal closing, Berenberg said it believes the due diligence process is drawing to an end and the publication of a prospectus will create more certainty.

Berenberg said that at a share price of 1,772p, which was used in Schneider's announcement of key terms, the embedded value of Aveva is £1.3bn.

"We thus view Schneider's £550m payment as a bid premium (42%) to Aveva shareholders. This is higher than the average for tech premiums but it bolsters our belief that Schneider has a strong desire to close the transaction."

It said the enlarged group would strengthen Aveva's key markets in oil and gas, marine and power.

It would also diversify the business into other industries, such as chemicals, food and beverage, mining, water and waste water, and pharmaceuticals, said the bank.

[broadwood] 20/10/2015 13:42

Shares in engineering software company Aveva rallied in early trade after Berenberg upgraded the stock to 'buy' from 'hold' and lifted the price target to 2,450p from 1,977p.

"Our discussions with various interested parties have strengthened our view that the deal between Aveva and Schneider will close," it said.

Berenberg noted that Schneider has acquired a number of software assets over the past five years and as a result, the bank reckons its management is strongly motivated to close its reverse takeover of Aveva.

While Aveva's share price seems to reflect the market's uncertainty about the deal closing, Berenberg said it believes the due diligence process is drawing to an end and the publication of a prospectus will create more certainty.

[ruethewhirl] 11/9/2015 07:57

"Aveva was boosted more conventionally, with an increase in Credit Suisse's target price for the shares due to the market's slowness to appreciate the sensible deal with Schneider Electric to create a market leading industrial software asset. "We think the deal improves the technology offering and creates stronger, more balanced revenue diversity," analysts wrote, upgrading the target price to 2,800p and reiterating their 'outperform' rating."

Hmm, taking a while to get there :os

[broadwood] 28/8/2015 16:36

Still rising strongly into the close.

Another announcement coming?

[broadwood] 28/8/2015 16:11

Nice bump up om the oil price strengthening.

[ray12b] 28/8/2015 10:50

I can't see where the sales are coming from for the next year!Just scan the job sites and see how many PDMS jobs are available

[ruethewhirl] 03/8/2015 12:16

It's a volatile stock, it's going to fluctuate a lot.

More so now more than ever with all this take over business going on.

The reverse take over is not binding, it may fall through, and / or another bidder for Aveva may come forward, there's a lot of uncertainty in the medium term on the upside and downside.

Buckle up.

[stevenrevell] 03/8/2015 09:57

Today's drop

[ruethewhirl] 02/8/2015 09:55

What drop?

[revell40] 29/7/2015 16:15

Why the drop today ?

[revell40] 28/7/2015 11:17

What should this go up too any ideas ta

[broadwood] 28/7/2015 10:02

Now the big boys are backing it.

Goldman Sachs AVEVA Group PLC 28/07/2015
Upgrades
Sell Neutral
2
1,300.00 2,450.00 2,250.00

[revell40] 27/7/2015 12:42

What goin on ere

[sharw] 24/7/2015 17:19

Interesting - 2234/42 at close with 100k traded then 167k in the auction at 2300 and a further 156k at 2300 after that.

[broadwood] 23/7/2015 16:07

Citigroup AVEVA Group PLC 23/07/2015
Upgrades
Neutral Buy
2
2,025.00 2,660.00 2,241.00
635

2

[sharw] 22/7/2015 10:40

Comments from Liberum:

[broadwood] 21/7/2015 17:33

UBS raised its price target on Aveva to 2,600p from 2,210p following news that the company has agreed a reverse takeover by Schneider Electric.
It said the proposed deal looks sensible and there should be cross-selling opportunities created, although it expects cost saving opportunities to be modest.

"While FY 2016 is likely to be a tough year for both Aveva and Schneider Software, if we assume 5% growth in FY 2017 for the pro-forma business and some margin expansion (200 basis points) as a result of cost efficiencies, we can anticipate a business with an EBITA of nearly £150m, compared with £64m in our current model," the bank said.

It noted that the deal is unlikely to complete before the end of calendar 2015 and said it does not expect to see any anti-trust issues.

"Applying the 21x to Aveva's 2017 estimated earnings, adding Schneider at book value (an implicit 19x) and taking account of cash returns gives a 2,600p price target," said UBS.

It rates the stock at 'buy'.

[ruethewhirl] 21/7/2015 07:18

Not sure what happens now.

Normally in the event of a takeover, you'd sell, take the money and run. In this situation, the company stays listed and analysts are pointing to further upside on the share price

Guess we just buckle up and hold on for the ride then.

[broadwood] 20/7/2015 16:59

Analysts said Aveva's merger with Schneider was "transformational" as shares in the software firm rocketed.
Shares were up 27.82% to 2,265p by 1140 BST after Aveva announced the reverse takeover deal.

Investec labelled the deal "transformational" and lifted its recommendation from 'hold' to 'buy'.

Analysts at Investec lifted its price target for the FTSE 250 stock from 1450p to 2600p.

The deal comes at opportune time and has many merits, Investec said, as Aveva was suffering from its high exposure to oil and gas.

Investec said the diverse base of the business and opportunity for cost savings addressed its previous concerns.

Numis estimated the net effect of the deal would be £10 per share in cash. It had no rating on the stock as it is acting as sponsor and broker.

"In a single deal this brings Aveva capabilities in all the areas it has previously identified as strategically attractive - simulation software, a strong US presence, a much greater footprint with owner operators -covering we believe over 70% of plants globally- and market leading products in a wide range of industrial software," Numis said.

Analysts at Numis said the deal creates a global leader in industrial software.

[cestnous] 20/7/2015 11:29

FLASH: Investec lifts AVEVA Group to buy from hold, target raised from 1450p to 2600p
Mon 20 Jul 2015 11:02

Story provided by StockMarketWire.com