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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Emis Group Plc | EMIS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,920.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,920.00 | 1,920.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 07/9/2023 16:24 by stuffee 1c347Yes, interim divi of 21.6p payable on 23 Oct, without effect on consideration under offer - marginally higher than expectation. CMA, hopefully, due to clear acquisition on 5 Oct; offer likely to complete by late Oct. |
Posted at 07/9/2023 10:02 by 1c3479z does today's announcement mean we collect the divi...have to hope so after cvsg price fall today! |
Posted at 11/8/2023 18:48 by stuffee Estimated value of offerI assume there will be no further objections to the CMA by interested parties up to the stipulated deadline of 5 Oct and the United Healthcare offer should complete by say end Oct with settlement in late Nov. The original announcement re the June 2022 offer of 1925p referred to shareholders retaining any subsequent dividends up to a final of 21.1p and interim of 17.6p. The final div for 2022 of 21.1p was paid on 11 July 2023. Last year's interim dividend of 17.6p was paid on 7 Oct 2022. I am sure at this time the parties never envisaged a 12 month delay before completion. I don't believe there has been any material change of circumstances over the last year, which could trigger a price change and I guess there will be strong moral pressure to permit shareholders to retain a 2023 interim div of 17.6p. On the basis of above, I asssume the aggregate consideration receivable in three months will be 1942p.This (just) seems compatible with the massive turnover today, (16.6m shares disclosed, compared to 63m shares in issue) traded at 1906 / 1910p; it might be interesting to see if any interesting discosures on Monday of major share purchases. |
Posted at 11/8/2023 10:02 by wad collector Bear in mind that the divi was only 17.6p last October and they will presumably want to close the deal if they can before it goes Xd. Actually it would be 5th October Xd on previous years so they will have to pay it unless they do a dirty trick and delay.I don't see this as enough upside, when your money can be risked elsewhere. |
Posted at 26/6/2023 23:02 by stuffee Don't forget United Health is capitalised at over $400bn, so it could finance acquisitions of Amedisys ($3bn) and EMIS (£1bn) out of petty cash if it so wished. I don't therefore feel its announced offer for Amdisys will have any effect on potential offer for EMIS. |
Posted at 25/5/2023 08:51 by tomps2 EMIS Group (EMIS) Full Year 2022 results presentation - May 2023Emis CEO, Andy Thorburn & CFO, Peter Southby, present full-year 2022 results. Watch the video here: Or listen to the podcast here: |
Posted at 14/4/2023 22:40 by leucadia I would not like to predict whether the merger with United Healthcare will be completed but I think the CMA's concerns have confirmed the strategically important position EMIS has as a contractor to the NHS. For this reason I am willing to risk a loss if the United Healthcare bid is disallowed as I think this loss would eventually be recouped over the medium term owing to EMIS's competitive position. My guess is that a Labour government at the next election would eventually benefit EMIS owing to greater NHS spending and efforts to fix the NHS, and I wonder if others would agree with this assumption? |
Posted at 25/3/2023 12:43 by stuffee Thanks Gopher for your valuable observation re UH.I would like to think that after 9 months of detailed negotiations, research and no doubt endless reports to the CMA, UH won't give up now but pursue remedies to satisfy the CMA's concerns. UH's offer, as announced last June, was 1925p and in adddition it can pay a dividend of 22p, normally payable in May (ex date of 16 April last year). Current share prices generally not much different from June 2022 levels (FTSE 7,000/ 7,500). Most unlikely that the Take-over panel would allow any attempt to reduce price. There is reasonable upside from present price of 1800p if the CMA can be satisfied and the acquisition completes. I guess the price could fall to its pre bid level of c £14 (prospective PE of around 22) if UH can not provide suitable remedies and the offer lapses. EMIS has made commitment to recommend an offer at 1925p, and this might be invitation to other third parties who might be interested in acquiring EMIS. 80% of its revenue is recurring, which makes it highly attractive to any finacial buyer. Hopefully EMIS willl not have suffered from the uncertainty of the CMA investigation over recent months; its recent trading statements seemed reassuring. The CMA has to determine the acceptability of UH's undertakings by 31 March, when EMIS should hopefully annnounce progress. |
Posted at 06/11/2022 21:57 by wad collector Slippage in the timetable;Listed healthcare software developer EMIS Group, whose products are used across a number of major UK healthcare settings, has said it now expects its £1.24bn takeover to complete early next year. EMIS Group was established in North Yorkshire in 1987 and specialises in connected healthcare software and systems. Its products are used in primary care, community care, accident and emergency, and community and hospital pharmacies. The Leeds-based company employs about 1,400 staff, primarily in the UK (1,150) and India (250), and it reported revenues of approximately £168m in 2021. It was announced in June that Bordeaux UK Holdings II (Bidco), an affiliate of Optum Health Solutions (UK) (Optum UK) and a wholly owned subsidiary of UnitedHealth Group Incorporated (UnitedHealth Group) had reached an agreement with the board of EMIS Group on the terms and conditions of a recommended all cash offer. The proposed acquisition values the entire issued, and to be issued, ordinary share capital of EMIS at approximately £1.24bn. In August, EMIS Group shareholders voted to proceed with the takeover, and the secretary of state confirmed that no further action will be taken in relation to the acquisition. The group has now provided an update to the timetable for completion of the deal. It said the parties are currently in the process of finalising a Merger Notice with the Competition and Markets Authority (CMA), preliminary to a Phase One investigation of the Acquisition. As a result, unless the relevant condition is waived by Bidco, EMIS now expects the takeover scheme to become effective in the first quarter of 2023. Travers Smith is acting as legal adviser to EMIS, with Numis as financial adviser, corporate broker and nominated adviser, and MHP as PR adviser. Slaughter and May is acting as legal adviser to UnitedHealth Group and Bidco, with Robey Warshaw as financial adviser and FGS Global as PR adviser. |
Posted at 20/6/2022 14:23 by wad collector -- Bidco has agreed that: (a) any Permitted Interim Dividend, being an interim dividend of up to 17.60 pence per EMIS Share and (b) any Permitted Final Dividend, being a final dividend of up to 21.10 pence per EMIS Share, may each be declared and paid to EMIS Shareholders without any reduction in the Consideration.-- If any Permitted Interim Dividend exceeds 17.60 pence and/or any Permitted Final Dividend exceeds 21.10 pence, Bidco reserves the right to reduce the Consideration by an amount equal to such excess amount. -- If the Effective Date occurs prior to 7 October 2022, there will be no Permitted Interim Dividend and no equivalent payment will be made to EMIS Shareholders by Bidco. If no Permitted Final Dividend is declared and paid or becomes payable prior to the Effective Date, no equivalent payment will be made to EMIS Shareholders by Bidco. So if taken over before 7th Oct there will be no dividends. Given that we have been paid the final dividend last month , they have 4 months to avoid an interim divi. Assuming all goes through and no counteroffer. Sp has risen back this morning to about 1875, so I wonder how much point in holding out for another 50p when the market is depressed and buying opportunities elsewhere? |
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