Aveva Share Discussion Threads

[broadwood] 08/7/2016 09:05

Must admit, couldn't understand the slow start after those reassuring results.

Picking up speed now.

[broadwood] 08/7/2016 07:51

(- 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.

[ruethewhirl] 16/6/2016 10:56

"...a very attractive proposal was made to Aveva shareholders, which was turned down by Aveva and I'll let Aveva comment on that..."

[ruethewhirl] 15/6/2016 11:58

Why would Schneider come back six months later with a revised approach?

Don't think the saga's over just yet.

Watch this space.

[grupo guitarlumber] 15/6/2016 08:05

Schneider Electric and Aveva Terminate Talks Again
15/06/2016 6:48am
Dow Jones News

Aveva (LSE:AVV)
Intraday Stock Chart

Today : Wednesday 15 June 2016
Click Here for more Aveva Charts.

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 [e-mail]; Twitter: @RoryGallivan



(END) Dow Jones Newswires

June 15, 2016 02:33 ET (06:33 GMT)

[broadwood] 15/6/2016 07:26

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.

[broadwood] 15/6/2016 07:19

Down we go then. Those talks lasted two days.

[waldron] 13/6/2016 16:38

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 [e-mail]; Twitter: @RoryGallivan



(END) Dow Jones Newswires

June 13, 2016 09:51 ET (13:51 GMT)

[hastings] 13/6/2016 15:42

hxxp://www.cambridge-news.co.uk/Aveva-Schneider-Electric/story-29395213-detail/story.html

[jontyone] 13/6/2016 13:28

From the FT: Schneider in renewed talks to acquire majority stake.

[ruethewhirl] 24/5/2016 14:27

Nice bump to the divvie - 30p

The dividend will be payable on 5 August 2016, to shareholders on the register on 1 July 2016.

[quickmind] 24/5/2016 08:39

goner, pls. go away.

[thomasthetank1] 09/5/2016 13:17

Read Panmure Gordon & Co's note on AVEVA GROUP PLC (AVV), out this morning, by visiting hxxps://www.research-tree.com/company/GB00BBG9VN75
"A new report, Sense and Sensitivity, concludes that oil companies are wasting shareholder value by ignoring the reality of global warming. This serves to remind us that old certainties around oil and consumption should not be counted upon and that we need to continually test core assumptions around TAM. To address the marketplace uncertainty, we think that Aveva should consider doling out a hefty dividend. Latest news had some positives and..."

[thomasthetank1] 21/4/2016 16:57

Read Panmure Gordon & Co's note on AVEVA GROUP, out this morning, by visiting hxxps://www.research-tree.com/company/GB00BBG9VN75
"Like a favoured toy our standing love affair with Aveva was re-kindled this week as it announced that its FY outturn was “broadly”; in line. The subsequent conference call revealed that Aveva had nudged our bottom of the range forecast, ie our £51m Adj PBT (bless). Whilst guidance was for an ‘in line’ 2017E, in truth it is too soon to call. We note the macro has not perceptibly improved, nor has evidence that Aveva’s sales execution capabilities have improved, nor indeed has the Glassdoor rating. Yes, it is cutting headcount, but we save any ‘cut to grow’ advice for our roses. On reflection positives include: (i) E2D is a bit better than expected, (ii) Rentals and Annual contracts were in line with management expectations. (iii) Whilst Brazil and bits of Asia were poor suggestions were that China, EMEA and US might be a bit better/in line. (iv) Aveva continues to sharpen its operating model, whilst this leads to exceptionals, more in 2017E we think, it reinforces the ‘no complacency here’ notion. (v) Cash, guided c£108m, was handily ahead of our £103.4m estimate. This gives some ammo to our view that the next share price catalyst is doling out a hefty dividend. All in all, the update did not change our view: Aveva has a poor operational backdrop and this will keep forecast risk on the negative. We retain..."

[ruethewhirl] 20/4/2016 04:09

Hopefully see 1900+ again soon.

[broadwood] 19/4/2016 18:32

Numis AVEVA Group PLC 19/04/2016
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[broadwood] 19/4/2016 15:07

AVEVA did its best to reassure the market ahead of its results on Tuesday morning, saying its numbers looked to be in line with forecasts - though with a couple of caveats.
The FTSE 250 provider of engineering data and design software said both group revenue and adjusted profit before tax for the year to 31 March will be broadly in line with market expectations, although the adjusted profit before tax was impacted by year-end foreign exchange effects resulting from the weakening of the US dollar in March.

AVEVA's board said it had incurred a one-off exceptional cost of £4m, recognised in the year to March, as a result of recently implementing cost saving initiatives.

"These results represent a sound underlying performance underpinned by our strong customer relationships and recurring revenue base, set against challenging market conditions," the board said in a statement

[broadwood] 19/4/2016 15:01

Pathetic comment by Panmure.

Seems to me the market was expecting much worse - and these results have re-assured