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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Enodis | ENO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 327.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 327.00 |
| Top Posts |
|---|
Posted at 09/4/2008 18:22 by cyberpost Re share price movementRNS Number:0298S Enodis PLC 09 April 2008 FOR IMMEDIATE RELEASE 9 April 2008 Enodis plc ("Enodis" or "the Company") Statement regarding share price movement The Board of Enodis notes the recent rise in the Company's share price and announces that it has received an indicative cash proposal from The Manitowoc Company, Inc. ('Manitowoc') totalling 260p per share. The 260p indicative proposal is inclusive of the right to receive from the Company a payment of 2p per share in lieu of the 2008 interim dividend. On the basis of this indicative proposal, the Company has granted Manitowoc due diligence access and will update the market in due course as appropriate. The Board of Enodis confirms this announcement has been made with the consent of Manitowoc, however there is no certainty that a formal offer will be made for the Company. |
Posted at 08/11/2007 10:14 by book4 ENO... hearing bid from US co. Manitowoc imminent @ 270p !!!! possibly today |
Posted at 31/10/2007 14:25 by matthewa5 ENO Bid talk, They are suggesting a possible bid later this week. Lets watch and see. |
Posted at 08/6/2006 08:18 by 2shemshersingh Enodis bidders are offering bids in reflection of a major correction to the markets. The board of ENO won't be able to keep rejecting these offers when the market is falling so badly. Manitowoc's share price has been falling with the overall market declines but ENO has enjoyed a high price tag. When the bidders dry up this stock could fall with the overall market. |
Posted at 02/6/2006 07:37 by 2shemshersingh I'm sure it's not criminal offence to speculate or react to market rumours. I was looking for a buying signal and feel the way ENO closed at confirms something brewing. My stop limit is 184p with a target price above 220p. |
Posted at 01/6/2006 12:36 by 2shemshersingh It's critical that ENO breaks to 193p on heavy volume to confirm a major upswing in the stock above 200p. |
Posted at 30/5/2006 08:11 by 2shemshersingh I have a notion that Eno could attract a venture capitalists bid that has deeper pockets than corporations. The capitalist may know Enodis's competitors are interested in the company but may prefer specific areas of the business. The capitalist would break up the company and sell off sectors to interested parties and achieve more value in a break up than as an entire entity. This is just my view. |
Posted at 17/5/2006 17:56 by wwweternalfitnesscom If ENO breaks below 188p then it is likely to fall back and test the 180p level. I sold out and took profits at 192p. I think as time passes the stock has room for slippage as short-term traders lock in profits or await for further news. With the lack of further bid news this stock could slide over the comming days. The FT reported that the bidder is much smaller than ENO and the main shareholder of ENO with 11%share would only welcome a bid price of 250p. The current bidder may not have the funds for that price level. The other risks to the stock is. It's main market is in USA and their profits are good when the dollar is strong. The recent dollar slide may hurt profits. |
Posted at 17/2/2006 08:39 by ain2001 The IndependentThe Investment Column: Oven maker Enodis puts recovery back on the menu Early in 2003, shares in the oven maker Enodis were languishing at a little more than 30p, after a disastrous round of spending at the peak of the market left the company on the brink of collapse. Management, led by the chief executive Dave McCulloch, has done a fine job in turning the company around and its shares have risen almost fivefold since his appointment in June 2003. Now that the turnaround is complete and the company's balance sheet is in order, management is free to concentrate on growing the business. After a few years of difficulty for its main customer base, US fast food chains, Enodis is well positioned to cash in on its expansion. The fast food industry is feeling decidedly more bullish than it was in 2003, when criticism of its menus and practices dented global sales, and is looking east for growth. The Beijing Olympics in 2008 should lead to rapid expansion in China, and with Enodis also supplying hotel kitchens and high-end restaurants with ovens, its new Asia Pacific sales team should have a busy few years ahead. The likes of McDonald's and Burger King want global product uniformity, so the chances of oven supply being met by cut-price local manufacturers is slim, at least for the time being. The demand for healthier fast food has resulted in increased reliance on new technology and Enodis, with its dedicated research centre in Florida, is at the forefront of developments in the commercial food industry. Enodis stopped paying dividends a couple of years ago as part of its restructuring plan, but the dividend has been reintroduced, and although it is not much to write home about, giving the stock a net yield of 1.3 per cent, it is a step in the right direction. The small acquisition of Frau Group, a Spanish oven manufacturer, last month will enhance earnings by about 2 per cent this year but the company is actively looking for other bolt-ons. Enodis is well known for the extreme caution in its statements, but yesterday's upbeat report could be the sign that more good news could be on the way this year. This is a company that found itself in trouble only to claw its way out by making tough decisions. Furthermore, its management looks set to stay put and the industry it serves is back in growth. Enodis shares have risen 17 per cent this year, and its stock added another 0.25p yesterday to close at 148.25p, pushing the company's market value towards £600m. Even at this price, however, the stock is trading on an undemanding forward price to earnings ratio of about 12.8 times - cheap compared with its peers. This is a turnaround story that should have plenty more upside left in it. Buy. |
Posted at 02/2/2006 20:00 by grigor Investec Maintains Buy On Enodis Wednesday, February 01, 2006 5:42:55 AM ET Dow Jones Newswires 0929 GMT [Dow Jones] Investec maintains Enodis' (ENO.LN) at buy after its Spanish ice machine maker acquisition, noting the purchase appears an attractive price of 0.5x historic revenue, and 5x historic EBITDA. Says that bolt-on acquisitions, together with resumption of dividend underscores confidence of management, with buoyant markets and cost savings setting the stage for positive earnings surprises, assuming the dollar doesn't turn negative. |
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