Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Axis-Shield | LSE:ASD | London | Ordinary Share | GB0008039975 | ORD 35P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 469.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 469.00 | GBX |
Axis-shield (ASD) Share Charts1 Year Axis-shield Chart |
|
1 Month Axis-shield Chart |
Intraday Axis-shield Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 31/12/2011 | 22:14 | Axis-Shield - A 'profitable' and relatively low risk growth play. | 4,007 |
| 29/7/2011 | 15:13 | SELL SELL SELL | 14 |
| 18/1/2011 | 02:03 | ASD to advance strongly in 2011. BUY BUY BUY | 3 |
| 10/1/2011 | 14:59 | Look at the Chart, and GET REAL. | 6 |
| 21/12/2010 | 13:49 | Axis-Shield - NOT --- A 'profitable' and relatively low risk growth play | 53 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 17/10/2011 17:34 by slaterlpj Ic says hold. Very interesting.Trouble is my broker says I have to accept by the 20th October. (Nominee account, and they need the notice to accept before the deadline on the 24th). With hindsight, I realise that we all missed a golden opportunity. Remember a few weeks back the share price sunk to circa 400? Then rose and the offer of 460 was made. Then Alere announce 29.9%, and subsequently ASD capitulate at 470. A few years ago, Northgatge (NIS) was bought out. Just prior to the offer, the share price sank from circa 100 to about 60 ish. Then just as suddenly the offer was made and the share price rose to near the offer price. I thought that stunk to high heaven too. Now I realise that was a signal that an offer was about to be made. It looks to me like the share price was driven down to allow the predator to sweep up cheap shares and attain an advantage. I could of course be wrong. |
Posted at 08/10/2011 07:04 by slaterlpj mutantpoodle, re margin.If you sell without waiting you lose circa 3p per share, plus 10 or 11 or 20 quid or whatever dealing costs, dependant on your holding. Selling 10000 shares might cost you circa 250 quid. In the meantime, a month perhaps before you get your money, you are not liquid and in a position (unless you have other funds), to purchase other currently oversold stock in another company. Even if you do have other funds, this particular money is lying idle. You might be taking the view that some miracle will occur and propel the ASD share price north of 470. I don't see any possiblity of that myself, ---- sadly. So for me the margin is in not waiting. |
Posted at 23/9/2011 08:43 by troutisout Just a few thoughts from an onlooker, The reason Alere are buying at £4.60 is that is where their offer is and institutions look to be selling to them at that price (I assume 1m wasn't a PI?). Alere, if their offer is rejected will have to walk away and I believe will be locked out from any further advances for a period of time. I don't know whether this precludes them from buying in the market during this time? Alere aren't into investing on the stock market, they want to buy ASD, they see value here and with their size the value they see will be completely different to the value of ASD without Alere, so don't get too complacent with Alere's perceived value of ASD compared with what the market will value ASD at. Importantly there haven't been any other bidders come to the fore and also the current market is horrendous, this strengthens Alere's hand and although there is an element of poker going on, they do have the cards. I have shares in a Company that had an approach by Inverness (now Alere), it was reputed to be an all share offer and the share price rose to about 80% of the offer price, it came to nothing and the morning that news was announced the share price opened back where it started and hasn't ever come close again to the price it got to in the last 4 years. So be careful, the price is at a good premium to where it was, if you missed the op to sell a few at circa £5 then it is worth stepping back and thinking about your holding here. If Alere increase their offer it is not likely to be much more than it is now, if they pull out the share price is likely to tumble, the markets are awful at the moment, but will give up all sorts of bargains, would taking some cash out of ASD now be a bad thing? I only say this because there won't be a warning if Alere drop it, it will be too late to sell then and if the share price drops as is likely, you will rue the missed opportunity, even if it is to buy back some ASD at a lower price. Step back and weigh up the pros and cons, look at the risk/reward. If there was a higher offer how much higher? 40p, 60p, 80p??? If the offer is pulled what is the likely drop in SP? I think it will go back to where it started, so over £1 (edit - drop of £1 from current level), look at the markets and current turmoil, would it be better to be in cash and look to pick up bargains (even a lower priced ASD)? Don't get tunnel vision about possible riches, but most importantly take a deep breath, step back and decide what is best for you!!! and act while you can. Good Luck to all holders, I know most investors would love to be in your position at the moment, so make the most of what you decide! Trout. |
Posted at 23/9/2011 08:01 by slaterlpj It's all a bit smoke and mirrors.It's not easy once so many words get bandied around and printed, to see the facts from the chaff. Alere are hinting that the value in ASD (what ever that is) will fall, when all that will fall is the share price (the percieved value). True, if the bid fails and the share price falls, we have all lost the opportunity to get out with a profit and buy back in later. But time should bring the share price back to at least where it was prior to the bid, and likely back to 400 plus anyway. The bid has established a new floor for the ASD share price IMO, and when the markets in general stabilise, it should reach that floor. The wider current market chaos has been a gift for Alere. They can make a lot of hay from it. But it's still smoke and mirrors. I agree, if ASD is such a bad bet, why do Alere continue to persue it? |
Posted at 23/9/2011 06:16 by edgar3 NO INCREASE IN OFFER22 September 2011 CASH OFFER BY ALERE AS HOLDINGS LIMITED ("ALERE AS HOLDINGS" OR THE "OFFEROR") A WHOLLY-OWNED SUBSIDIARY OF ALERE INC. ("ALERE") FOR AXIS-SHIELD PLC ("AXIS-SHIELD" OR THE "COMPANY") STATEMENT REGARDING AXIS-SHIELD Since Alere's Rule 2.4 announcement on 6 July 2011, Axis-Shield has released a number of announcements, including its Interim Results for the six months ended 30 June 2011 (the "Interim Results") and its shareholder circular (the "Defence Document"), none of which, in Alere's opinion, have revealed any material new information. Alere is disappointed that neither the Board of Axis-Shield, nor its advisors, have held any discussions or sought to engage with Alere, since the date that Alere announced its firm intention to make an offer for Axis-Shield. The Board of Alere believes that the terms of the cash offer made by Alere AS Holdings to acquire the entire issued and to be issued share capital of Axis-Shield of 460 pence per Axis-Shield Share (the "Offer") represents a compelling value proposition with a high degree of certainty. Between 6 July 2011, being the day Alere announced a possible offer for Axis-Shield and 21 September 2011, being the latest practicable date prior to publication of this Announcement, equity markets have been subject to significant volatility with Axis-Shield's key industry peers trading on average approximately 21 per cent. lower. Alere believes that Axis-Shield's share price is trading at current levels primarily as a result of the Offer and not due to underlying fundamentals. The Offer represents a substantial premium of approximately 37 per cent. to the Closing Price of 335 pence on 5 July 2011, being the last Business Day prior to the announcement by Alere of a possible offer for Axis-Shield and a significant premium to the target share price that UK research analysts had published in respect of the Company prior to that time. In contrast with the value certainty provided by the Offer, Axis-Shield Shareholders are being asked to put their faith in possible future value creation by management based on the successful execution of a strategy that has significant execution, regulatory and market risk and uncertainty. In light of the above, Axis-Shield shareholders may wish to consider the following: Offer represents certainty of cash at a time of significant economic uncertainty and market volatility the Offer enables shareholders to realise the value of their shares in cash at a time of continued economic uncertainty and significant stock market volatility; prior to the announcement by Alere on 6 July 2011, Axis-Shield's three month weighted average share price was 328 pence per Axis Shield Share. In addition, the share price performance of Axis Shield's key industry peers has declined on average by approximately 21 per cent. since 6 July 2011; Significant regulatory and execution risks may remain with the standalone company Axis-Shield's predictions for the success of the Afinion platform in the US are predicated on achieving important regulatory milestones. There continues to be significant execution risk in obtaining the required approvals and a lack of clarity on the timing of when these approvals might be obtained; Alere believes Axis-Shield lacks the global infrastructure, scale or sales force capabilities which may be required to meet its product roll-out ambitions; No other bidders have publicly announced their interest currently, no other potential bidder has announced an interest in Axis-Shield despite Alere's interest in the Company being public since 6 July 2011; in the absence of an offer, Alere believes that there is a strong possibility that Axis-Shield's share price would fall significantly below its current share price; and Alere will remain financially disciplined Alere will remain financially disciplined and will only pursue acquisitions which would provide an appropriate return to its own shareholders. The Offer enables Axis-Shield Shareholders to realise the value of their shares in cash at a time of continued economic uncertainty and market volatility whilst avoiding the risks of continuing to hold Axis-Shield Shares. Risks of continuing to own Axis-Shield Shares 1) Future value creation is, in part, dependent on FDA 510(k) clearance and CLIA-waiver approval for Axis-Shield's lipid panel assays. Such clearance and approvals may have significant execution risk with outcome and timeline uncertain. An example of this uncertainty was highlighted by Axis-Shield on 21 December 2010 when the Company confirmed that its most recent CLIA-waiver application on Afinion Albumin/Creatinine Ratio was denied after nearly two years with the FDA. The Company has also stated that it intends to make a 510(k) submission in "late 2011/early 2012" with analysts assuming that the lipid panel assays will not make a meaningful contribution to revenues until 2013, at the earliest, assuming CLIA-waiver approval is obtained within twelve months following FDA clearance of the 510(k) submission. 2) Will Axis-Shield achieve its potential in the US, the largest point-ofcare market in the world, through its distribution network? Axis-Shield has a limited direct presence in the US. With only 18 direct sales people in the US (as per the Interim Results), Axis-Shield relies upon a third party distributor for placements of its Afinion platform. Alere believes such a distributor-led model is likely to have significant limitations. Given the importance to future growth the Company has placed in the US market, shareholders may wish to ask whether the Company's limited direct presence and sales force can ensure that its US commercial strategy is a success. Despite Axis-Shield's optimistic commentary in its Interim Results on the success of its US sales force and Afinion placements, shareholders should ask if Axis-Shield's US strategy is working given that Axis-Shield's US revenues amounted to only 14.9 per cent. of its total revenues in H1 2011 and grew by only 1.9 per cent. from H1 2010. Alere also notes the press release from ITC Nexus Dx, dated 13 September 2011 that John Sperzel has been appointed as Chief Executive Officer of ITC Nexus Dx, a global provider of Point-of-Care testing systems and advanced diagnostic solutions. John Sperzel was previously the President of Axis-Shield Inc. in the USA, a market that Axis-Shield has stated is important to achieving its growth ambitions. 3) What are the real prospects of an alternative bidder emerging and who might that be, given that Alere approached Axis-Shield on 7 June 2011 and then publicly disclosed its interest in Axis-Shield on 6 July 2011? No other potential bidder has yet made a public announcement of a possible or firm intention to make an offer for Axis-Shield. It is possible that some potential bidders may be discouraged from making an offer due to economic uncertainty and the stock market's current volatility. 4) If the Offer were to lapse, where would the Axis-Shield share price be trading? Prior to the announcement by Alere on 6 July 2011, Axis-Shield's three month weighted average share price was 328 pence per share. Alere believes that the current level of the Axis-Shield share price is largely attributable to the Offer and that the Axis-Shield share price may fall significantly below its current level, in line with the recent performance of its industry peers, if the Offer were to lapse. In fact, in light of the recent economic uncertainty and market volatility, the share price performance of AxisShield's key industry peers has declined on average by approximately 21 per cent. between 6 July 2011 to 21 September 2011, the latest practicable date prior to publication of this Announcement. Alere would also highlight that, prior to 5 July 2011, being the last Business Day prior to the announcement by Alere of a possible offer for the Company, shares in Axis-Shield have not traded at or above 460 pence per share over the last 10 years. Axis-Shield Shareholders may wish to consider whether the Defence Document is convincing as to when the Company's share price will reach 460 pence in the future, in the absence of an offer. 5) Alere will remain disciplined on price and will only pursue acquisitions at a price which would provide an appropriate return to Alere shareholders. In Axis-Shield's Defence Document, the Company highlights precedent Enterprise Value/Revenue multiples as an important valuation metric. Alere does not regard this as credible. Not only are revenue multiples less relevant than other valuation metrics which are based on profitability, they fail to take into account the different nature of Axis-Shield's revenue streams, each with structurally different margin profiles. In particular, Alere believes that Axis-Shield's distribution business, which comprised approximately 30 per cent. of the Company's turnover in 2010, has lower margins than its other businesses. In fact, the Offer represents a compelling last twelve months ("LTM") Enterprise Value/EBITDA multiple of approximately 16.2x. In addition, Ron Zwanziger, Chairman, Chief Executive Officer and President of Alere, said during the recent Q2 2011 Alere trading update: "Investors should expect us to continue to deploy our cash through accretive acquisitions which further expand our global capabilities, but as in the past few quarters, to the extent that acquisitions cannot be made at responsible prices, additional share repurchases will remain an attractive option." Alere believes that the Offer is highly attractive to Axis-Shield's Shareholders and represents a compelling opportunity for Axis-Shield Shareholders to realise the value of their shares in cash at a time of economic uncertainty and market volatility. Commenting on the Offer, Ron Zwanziger, Chairman, Chief Executive Officer and President of Alere, said: "There has been no material new information in Axis-Shield's Interim Results, Defence Document or in any information announced by the Company since then. Alere is offering shareholders 460p in cash now whereas the Board of Axis-Shield is asking shareholders to place their faith in delivering a strategic plan that contains significant execution, regulatory and market risk and uncertainty, which will take many years to realise." Alere reminds Axis-Shield Shareholders that acceptances of the Offer should be received by no later than 1.00 p.m. (London time) / 2.00 p.m. (Oslo time) on 10 October 2011. Axis-Shield Shareholders should carefully read the offer document posted to Axis-Shield Shareholders on 11 August 2011 ("Offer Document") in its entirety before making a decision with respect to the Offer. Unless defined herein, certain capitalised terms used in this Announcement shall have the meaning given to them in the Offer Document. Enquiries: Alere Inc. Tel: +1 (781) 647 390 |
Posted at 12/8/2011 14:10 by tratante hotfinance, while I agree with you that ASD share price share price will increase in the long term, I am more concerned with the short term at the moment. Particularly in these difficult times I am anxious not to see a short-term profit melt away.SP seems particularly strong today, just following the market up, or might there be another bidder about to emerge? Not an easy call I agree. |
Posted at 09/8/2011 13:41 by slaterlpj If your right and the top bid is only 500, then all there is to look forward to is an upside of another 8%.I'm thinking now that maybe it's time to take the rest of mine at 460 (or as near as I can get) and buy into the current market turmoil. Some have dropped very nicely in the last few days, and I think the mayhem, might just take things even lower. Just as well Alere came along when they did. I dread to think where the ASD share price might be at the mo without a bid. On the other hand that would have presented a good buying opp here too. Seems like a win win for a change. |
Posted at 04/8/2011 21:38 by slaterlpj Well if the ASD share price can show resilience in this market, maybe there is still something still going on behind the scenes, as previously posted by HolbyCityDoc. |
Posted at 18/7/2011 09:36 by markiie5 And so it begins, as the ASD share price begins to fall. Get out now, while you still can at a reasonbale level. SELL NOW |
Posted at 14/7/2011 07:14 by markiie5 I reckon it will be like a bungee cord without the spring. It'll drop, and overshoot, as these things always do. Then because of the ASD share price history of poor performance, it will stay down for quite a while.But hey, as long as it's an eyes wide open decision to hold. I still say SELL though, as this is going to play out for a little while yet and there's likely to be some smaller drops before the biggy anyway. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
