Aveva Share Discussion Threads

[dealy] 05/9/2017 07:48

40% of a bigger business is probably worth the current share price. Add on 1000p in cash component and you get to 3000p. Should hit 2600 today imo

[broadwood] 05/9/2017 07:10

Reverse takeover of Aveva. Should be an interesting day.

[ariane] 05/9/2017 00:31

NO BUT TUESDAY MORNING SHOULD TELL ALL

[dealy] 05/9/2017 00:24

Interesting. Any prediction on share price if deal is announced?

[ariane] 05/9/2017 00:14

France's Schneider Electric SE is in advanced talks to take control of British engineering software provider Aveva Group PLC, according to people familiar with the matter, after previous talks to merge their software operations collapsed over terms.

The current deal calls for Schneider, a global industrial giant, to fold its software assets into Aveva's operations and pay the U.K. company more than GBP500 million ($646.4 million) in exchange for a controlling stake in the combined entity, in a so-called reverse takeover, according to the people familiar with the matter.

Aveva, with a current market value of about GBP1.2 billion, would maintain its stock listing on the London Stock Exchange and remain headquartered in Cambridge, the people said. A deal could be announced as soon as Tuesday.

Sky News first reported the planned tie-up.

The combination would create a larger industrial software provider, offering opportunity to cut costs, and access new customers by providing a broader range of products. Schneider has already targeted U.K. software companies in the past to bolster its industrial software business. In 2013, it agreed to acquire Invensys PLC for GBP3.31 billion to better compete against rivals such as Siemens AG, Mitsubishi Electric Corp. and Rockwell Automation Inc.

Spun out of Cambridge University in 1967, Aveva provides engineering software to owners, operators and engineering contractors that operate in the power, oil and gas, marine and paper and pulp sectors among others. It employs more than 1,700 people across 30 countries.

The deal comes at a time when the company is trying to reduce it reliance on the slowing oil and gas and marine markets. For the year ended March 31, Aveva grew revenue by 7% to GBP215.8 million from the prior year, benefiting in part from currency moves. Discounting that, revenue was down 3.8%.

Schneider's software is used to help manage manufacturing processes, design tools and train plant crews. It services an array of industries ranging from transportation to food and beverages.

The planned transaction is similar to the structure of the companies' previous attempt to merge their industrial software businesses back in July 2015. Then Schneider had agreed to combine its software assets with those of Aveva and pay GBP550 million in exchange for a 53.5% stake in the enlarged group. However, the deal collapsed after the two sides couldn't agree on final terms.

Write to Ben Dummett at [e-mail] and Nick Kostov at [e-mail]



(END) Dow Jones Newswires

September 04, 2017 18:03 ET (22:03 GMT)

[blue meaning] 24/7/2017 15:58

FT alvaville speculated about another Schneider bid a few weeks ago as well. Been adding on the dips since. Credit Suisse just upgraded on Friday so plenty of support

[ruethewhirl] 24/7/2017 00:32

Can't believe Schneider are "circling" again, and there's hardly a ripple in the share price and hardly a murmur on this board. Surely turning into a case of believing half of what you see and none of what you hear with AVV? Sold my holdings 6 months ago and have done okay elsewhere.

[sharw] 22/7/2017 15:22

Thanks for posting that. It seems to be a rumour that keeps doing the rounds:

June 14th -

July 10th -

If there was any truth in it I would have thought that AVV would be obliged to issue a statement.

[tonysss13] 21/7/2017 13:38

hxxp://wallstreetwires.com/aveva-avv-l-schneider-electric-twice-three-times-deal/

[broadwood] 07/7/2017 07:27

- AVEVA Group's full-year outlook remains in line with the board's forecasts, shareholders at today's annual general meeting will be told.

An update ahead of the meeting said: "Since the announcement of the FY 2017 results on 23 May 2017, the group has made a solid start to the financial year and there has not been any noticeable change in the trends reported at that time.

"We expect the phasing of revenue in FY 2018 to be broadly similar to the prior year.

"The group maintains a strong balance sheet and saw good cash generation in the first quarter, resulting in net cash of £152 million at 30 June 2017."
- AVEVA Group's full-year outlook remains in line with the board's forecasts, shareholders at today's annual general meeting will be told. An update ahead of the meeting said: "Since the announcement of the FY 2017 results on 23 May 2017, the group has made a solid start to the financial year and there has not been any noticeable change in the trends reported at that time. "We expect the phasing of revenue in FY 2018 to be broadly similar to the prior year. "The group maintains a strong balance sheet and saw good cash generation in the first quarter, resulting in net cash of £152 million at 30 June 2017."

[sharw] 23/5/2017 20:23

Numis forecast eps 66.8 and div 40p and that is exactly what we got so I'm not sure why the market knocked the price back 4.8%.

Good presentation at

Happy to hold - when the highly cyclical marine market improves this may take off again but in the meanwhile they have some impressive gains in N America and in markets other than the core oil and gas and marine.

[broadwood] 19/4/2017 07:45

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.

[ruethewhirl] 28/10/2016 03:57

Interim results Nov 8

[ruethewhirl] 08/9/2016 09:00

Surprised there wasn't more of a pop after the HP / Micro Focus deal announcement.

[ruethewhirl] 12/8/2016 09:54

Another approach around now would be manna from heaven on top of the recent gains.

Could push us to all time highs.

[sharw] 05/8/2016 12:02

It's pay day today!

[ruethewhirl] 17/7/2016 21:40

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.

[broadwood] 08/7/2016 13:37

That's more like it. US jobs figures helping.

[ruethewhirl] 08/7/2016 09:59

Broadwood,

Hey it's a Friday ffs