Devro Share Discussion Threads

[besbury] 12/4/2007 16:17

I am afraid the decling share price suggests the bid has failed. If that is correct, why no announcement?

[yf23_1] 12/4/2007 14:36

Looks like the bid wont happen. 129p now against a 150p bid !!!

????

[scrapman] 11/4/2007 13:23

all quiet on the bid front , looks like an easy 10/ 15% to be had at these levels , IF the bid goes through , I still feel it is a bargain at these levels

[phillis] 23/3/2007 13:45

Bestinver holding prevents compulsory buyout at 90% holding.
Not good for private equity.
The Spanish want a seat at the table

[rabbrooks] 09/3/2007 14:55

DVO has been a major disappointment for most shareholders. Let us hope there ia in fact substance to the takeover talks. Have i missed something reading the report in that i was looking for mention of the new technology being developed at the Hamilton plant. The R&D costs were fairly significant if I remember correctly.

[besbury] 08/3/2007 04:55

The Scotsman believes it is looking good, with possibly just the loose ends to be tied and tidied.



Edit: And more from the Herald

[scrapman] 08/3/2007 03:28

I am commenting that for the last few years the management have been consistant in their suprise at FX losses , I am sur they will have a resonable idea of fx sales and hedge acordingly ,

[phillis] 07/3/2007 16:09

What is it that you would hedge that isn't being hedged?

[scrapman] 07/3/2007 14:54

sounds like the buyer is trying to beg this, take out the divi and he wants to pay 146 + - , if we could just get some decent management that could be bothered hedging FX I feel there is a lot more potntial here

[besbury] 07/3/2007 07:10

A snippet from the Prelims released this am.

Offer approach
--------------

On 29 January 2007, the company announced that it had received a preliminary
approach, which may or may not lead to an offer being made for the whole of the
issued share capital of Devro plc at 150 pence per share in cash.

Talks are progressing with the potential offeror; due diligence is largely
complete and discussions are now taking place with the trustees of Devro's UK
pension scheme. This update is made without the potential offeror's agreement or
approval and there can be no certainty that an offer will be made nor as to the
terms upon which any offer might be made.

Shareholders should note that the potential offer price of 150 pence per share
is inclusive of any final dividend payable by the company in respect of the year
ended 31 December 2006.

[scrapman] 06/3/2007 11:17

anyone heard anything on the TO , seems to have gone awfully quiet out there

[besbury] 06/3/2007 10:29

Prelims tomorrow! Will we learn anything about the ongoing talks regarding the 150p offer? I wonder!

[lennox lnx multibagg] 05/2/2007 01:40

GUYS I HOPE YOU DONT MIND MY INTRUSION.

PLEASE TAKE A LOOK AT LENNOX HOLDINGS, THE EX PAT FOOD STORE.

TINY MARKET CAP. JUST 0.2 MILLION. ONLY 24.02 MILL SHARES IN ISSUE, INTEREST IS RISING.

THIS WILL BE A 600% CLIMBER TOMORROW, GET IT ON YOUR MONITORS..

LENNOX IS GOING TO RISE LIKE A PHOENIX.

DONT MISS THE BOAT FELLAS.. WE GOT A MULTI BAGGER ON OUR HANDS.

[besbury] 04/2/2007 22:16

More on the take-over approach, from Scotland On Sunday newspaper. It seems the consensus view is that the predator will have to up the offer to 160-170p.

It would be rather ironic if it turned out to be 170p, as this is precisely the IPO price in June 1993.

[bruce the worry bear] 31/1/2007 16:27

There is - if you fail with one you can turn them into the other - sound business move lol

[rabbrooks] 29/1/2007 20:16

I wonder if the recently departed MD,Mr Alexander, is involved in the latest scenario?. Devro has been a very disappointing investment for most people so it may be time to wave it goodbye.

[scrapman] 29/1/2007 16:24

ah well somethings going a bit right , depending on whos bidding I still this as going a bit higher , on currnt figs I think its at about 10x earnings , still possibly a bit to go ??

[lbo] 29/1/2007 15:57

Good news and the hints were around the press

[scrapman] 18/1/2007 12:27

consistant rises over the last few days , maybe something in the rumours after all ,

[ryanp] 15/1/2007 12:23

From the Sunday Business Post



Magnier in line for €42m buyout windfall

14 January 2007 By Gavin Daly
Horse-racing mogul John Magnier could receive more than €42 million from a buyout of a Scottish company in which he is a major shareholder.

Horse-racing mogul John Magnier could receive more than €42 million from a buyout of a Scottish company in which he is a major shareholder.

Magnier has a 13.9per cent stake in Devro, which is the biggest maker of sausage skins in the world. It has been linked to a buyout by a Spanish rival, Viscofan, following a profit warning late last year and the announcement that its chief executive plans to step down this year.

Devro is valued at about stg£200 million (€302.2 million) on the London Stock Exchange, making Magnier's stake worth stg£27.8 million (€42 million). Viscofan, which is valued at about stg£480 million on the Madrid stock exchange, would have to pay a premium to that to acquire Devro.

Gordon Culfeather, an analyst at stockbroking firm Bell Lawrie, said ''an acquisition of Devro or break-up would be a neat exit'' for the firm's shareholders.

He said that Devro, which warned in November that profits would be stg£2 million lower than expected, could struggle to grow without taking part in merger and acquisition activity.

A buyout would mean a major return for Magnier, who bought about 22.4 million shares in Devro in 2003 when they were trading at roughly 50p each.

The shares were trading at stg£1.18 on Friday, down from a high of stg£1.47 in May last year before the profit warning.

Devro employs about 2,200 staff and has manufacturing plants in Scotland, Australia, the US and the Czech Republic.

Analysts expect Devro to report a pre-tax profit of about stg£17 million for 2006, down from stg£25.8 million in 2005. The company had sales of stg£152.5 million in 2005.

Graeme Alexander, who has been chief executive of Devro since it listed on the stock exchange in 1993, plans to step down this year.

[castlefordtiger] 01/12/2006 18:43

Possible MBO leak !!

Tiger

[scrapman] 01/12/2006 17:33

well bruce , no need to worry just now, amazing price hike on what appears very little volume , but strange things happening this week , must be a bit more to come out yet