Aveva Share Discussion Threads

[sharw] 14/6/2018 12:53

Presentation available at:

[broadwood] 14/6/2018 08:21

Great results.

Initial mark up 10%.

[broadwood] 19/4/2018 11:52

Likewise, the cash element received in my account on 8 March

[broadwood] 19/4/2018 11:48

- Engineering and industrial software AVEVA Group said revenue for the full year is expected to be in-line with the board's expectations.

This comes as the firm said trading was strong during the year, buoyed by the stabilisation of Oil & Gas and Marine end markets, which drove revenue up 5.9% in the second half of the year.

Trading for the heritage Schneider Electric industrial software business was solid during the year ended 31 March 2018, leading to low single digit revenue growth on a currency neutral basis, the firm said.

AVEVA combined with the Schneider Electric industrial software business on 1 March 2018.

[broadwood] 19/4/2018 07:11

Heritage Aveva performing well.

[sharw] 12/3/2018 17:04

The 1015p/share arrived in my a/c today.

[broadwood] 22/1/2018 09:13

ngineering data and design IT systems provider AVEVA Group updated the market on its trading for the nine months to 31 December on Monday, and detailed a recent significant contract.
The FTSE 250 company said it performed “strongly̶1; in the first nine months of its financial year, with the improving growth trend seen in the first half continuing into the third quarter.
As a result, the board said the group delivered constant currency revenue growth in the first nine months across all reporting regions, with a “particularly good” performance reported in Asia Pacific.
“This improved performance was driven by a sharp focus on sales execution, combined with a stabilisation of conditions in our Oil & Gas and Marine end markets,” the board said in its statement.
“This strong execution has continued into January, with the closing of a significant contract with one of our key Global Account EPC customers.”
That substantial three-year renewal contract would amalgamate business into one enterprise agreement, the board explained, with a “broader scope” following customer consolidation.
“This contract is expected to make a material revenue contribution to the current financial year.”
As a result of those developments, AVEVA said it was now ahead of the board's previous revenue expectations for the current stage of the financial year, albeit with the final and “most significant” quarter of the year yet to complete.

As it previously communicated, completion of the proposed combination of AVEVA and the Schneider Electric industrial software business was expected to occur at the end of February, the directors added.
The review procedure of the Committee on Foreign Investments in the United States was still ongoing, and clearance was expected to be received on or around 9 February.

“AVEVA intends to provide an update on trading for the Schneider Electric industrial software business on or around 15 February,” the board explained.
The firm said it would update the market on other matters, including the appointment of a new chief executive officer, in “due course”.

[broadwood] 22/1/2018 08:17

And even better to come?


As a result of the developments above, AVEVA is ahead of the Board's previous revenue expectations for this stage of the financial year, albeit with the final and most significant quarter of the year yet to complete.

[the grumpy old men] 16/11/2017 10:11

AVEVA shares jump as JP Morgan turns positive on the stock after 'impressive' set of interims
09:53 16 Nov 2017
JP Morgan Cazenove has upgraded AVEVA to ‘overweight217; from ‘neutral’;
AVEVA
AVEVA's interims were ahead of consensus forecasts

AVEVA (LON:AVV) was trading almost 4% higher after a heavyweight investment bank turned positive on shares in the FTSE 250 engineering software specialist.

JP Morgan Cazenove moved to ‘overweight217; from ‘neutral’; on the stock, pushing its target price up by £4 a share to £32. At 9.30am the shares were changing hands for £26.28 (up 99p).

The re-assessment followed an “impressive221; set of interims, with top- and bottom-line growth beating consensus.

This and solid showing from the new Schneider Software business represented an “inflection point after two years cyclical declines”, said JPMC.

It expects a number of factors to combine and propel the business forward, including an acceleration in organic growth, synergies from the merger with Schneider and the appointment of a new chief executive.

“More broadly, we like the proposed combination of Aveva and Schneider Software, and believe the combined products and more diversified end markets offer a compelling story and are positioned well to become a global leader in industrial software,” the bank said in a note to clients.

Of the seven analysts logged as following AVEVA by the Broker Forecasts site, five are in the ‘buy’ camp alongside JP Morgan Cazenove. The remainder think the stock is fully valued. The consensus price target currently stands around £26.

[sharw] 14/11/2017 17:19

Good results today - the webcast of the presentation at:



is worth listening to. Picking up some new shipyards in the far east was good.

Of course, those were the last results from the company as we know it. Next results will be post merger.

[sharw] 02/10/2017 17:31

Directors buying immediately before the closed period and with the share price near a 3 year high should inspire confidence.

[slingerman] 05/9/2017 18:42

See all the big boys trades were held/kept for after hours trading.

[sarkasm] 05/9/2017 14:55

Aveva would maintain its listing on the London Stock Exchange and remain headquartered in Cambridge, U.K.

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



(END) Dow Jones Newswires

September 05, 2017 06:32 ET (10:32 GMT)

[broadwood] 05/9/2017 13:58

Patience rewarded.

[losses] 05/9/2017 13:52

Hmm so 1014p return to shareholders after completion... price should be in the 3000+

[the grumpy old men] 05/9/2017 13:46

EXTRACT


at an offer price not less than a 20% premium to the 30-day volume weighted average of the Enlarged AVEVA Group's share price immediately prior to the commencement of the offer period during which such offer is made and is recommended by a majority of the Enlarged AVEVA Group independent Non-Executives (or includes an acceptance condition which requires the acceptance of the offer by a majority of the other shareholders in the Enlarged AVEVA Group); or

-- recommended by a majority of the Enlarged AVEVA Group's independent Non-Executive directors;

-- Thereafter, Schneider Electric will be under no restrictions on further acquisitions of shares or offers;

-- In the event that the Enlarged AVEVA Group is de-listed, the relationship agreement will be terminated and all protections set out therein will cease to apply; and

-- Schneider Electric and AVEVA have also entered into a series of operational agreements to govern the commercial relationship between the Enlarged AVEVA Group and Schneider Electric post completion, including the generation of synergies for the benefit of both parties.

Timetable

A combined prospectus and circular (the "Prospectus") in relation to the Combination and convening a general meeting of AVEVA shareholders on 29 September 2017 (the "General Meeting") is expected to be published by AVEVA tomorrow, 6 September 2017.

Completion, which is expected to be at or around the end of 2017, is subject to the satisfaction of a number of conditions including, amongst other things, applicable regulatory and anti-trust approvals having been obtained, AVEVA shareholder approval of the Combination, and re-admission of the Enlarged AVEVA Group. The Return of Value is conditional on completion, the AVEVA shareholders passing the relevant resolutions at the General Meeting and re-admission of the Enlarged AVEVA Group. The Return of Value will be made at or around completion.

Recommendation

The Board of AVEVA, which has been so advised by Lazard as to the financial terms of the Combination, considers the terms of the Combination to be fair and reasonable and in the best interests of AVEVA shareholders as a whole. In providing advice to the Board, Lazard has taken into account the Directors' commercial assessments.

Accordingly, the Board unanimously recommends AVEVA shareholders to vote in favour of the Combination, as they intend to do in respect of their own beneficial shareholdings.

[losses] 05/9/2017 13:32

What's the takeover price at anyone?

[twaintwix] 05/9/2017 11:40

Buy Cairn property a real investment with real profits and real multibagger prospects, not jam tomorrow

like most of the AIM rubbish!

[the grumpy old men] 05/9/2017 10:11

5 September, 2017 - 09:48 By Tony Quested
AVEVA and Schneider finally create £3bn Cambridge powerhouse
James Kidd Aveva

At the third time of asking, software group AVEVA and French business Schneider Electric have agreed a deal that will create a technology powerhouse in Cambridge worth around £3 billion employing some 3,500 people.

AVEVA is to merge with the software arm of the French energy group but the deal will be treated as a reverse takeover even though Schneider is acquiring a majority stake (60 per cent) in the Cambridge business. AVEVA will remain headquartered in Cambridge and stay listed on the UK stockmarket.

With interim CEO James Kidd (pictured) set to step down from the head role, the appointment of a new chief executive will be absolutely key to the successful integration of the businesses. Kidd will continue as an executive.

The deal collapsed twice because the boards failed to agree terms but AVEVA’s former CEO, Richard Longdon, who stood down at the end of last year, has always maintained that it would be transformational for the business and sensational for Cambridge – creating the cluster’s biggest hitter in terms of market cap, even ahead of ARM.

The deal creates a global leader in engineering and industrial software with an unmatched breadth of product offering.

Some £550 million of cash is being contributed by Schneider Electric and £100m of excess cash on AVEVA’s balance sheet will be distributed to existing AVEVA shareholders at or around completion – expected by the end of 2017.

The Schneider Electric software business has a global footprint spanning North America, Europe, the Middle East, Asia Pacific and Latin America with approximately 2,700 employees worldwide (including some 158 temporary employees and contractors).

It has eight global research & development centres and 25 project execution centres. In the financial year to March 31, it generated revenues of $575.1m.

The merger will also position the enlarged AVEVA Group as a strong player able to take advantage of future acquisitional opportunities.

AVEVA’s existing non-executive directors will remain in place on completion. Philip Aiken will continue as non-executive chairman and Jennifer Allerton, Christopher Humphrey and Ron Mobed will carry on as independent NEDs of the enlarged AVEVA Group.

The parties are in the process of selecting a new CEO and pledge an announcement as soon as possible. James Kidd will continue in the meantime and when a new CEO is appointed will become deputy chief executive and chief financial officer.

AVEVA chairman Philip Aiken said: “The transaction will be transformational to AVEVA, creating a global leader in industrial software, which will be able to better compete on a global scale.

“AVEVA will significantly expand its scale and product portfolio, increase its capabilities in the owner operator market, diversify its end user markets and increase its geographic exposure to the North American market, in line with our strategic goals.

“The transaction is expected to provide significant value to our shareholders via the upfront cash payment and a significant ongoing holding in the enlarged AVEVA Group, which will benefit from synergies and a compelling equity story underpinned by an enhanced strategic positioning.”