Share Name Share Symbol Market Type Share ISIN Share Description
Equiniti Group Plc LSE:EQN London Ordinary Share GB00BYWWHR75 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.00 -1.84% 160.00 1,511,693 16:35:16
Bid Price Offer Price High Price Low Price Open Price
160.00 160.60 163.00 160.00 160.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 555.70 39.80 8.40 19.0 588
Last Trade Time Trade Type Trade Size Trade Price Currency
17:38:19 O 2,319 161.163 GBX

Equiniti (EQN) Latest News (8)

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Equiniti Investors    Equiniti Takeover Rumours

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Date Time Title Posts
20/4/202109:27EQUINITI : tech provider to 70% of the FTSE100453

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Equiniti Daily Update: Equiniti Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker EQN. The last closing price for Equiniti was 163p.
Equiniti Group Plc has a 4 week average price of 118.60p and a 12 week average price of 115.40p.
The 1 year high share price is 176.60p while the 1 year low share price is currently 96p.
There are currently 367,223,598 shares in issue and the average daily traded volume is 1,797,862 shares. The market capitalisation of Equiniti Group Plc is £587,557,756.80.
porsche1945: Horrible feeling this will go through but way too cheap, their business will pick up, a lot, the buyers are looking at doubling up on this, if management ( all U.K. management seems pretty dire ) had done a better job either the offer wouldn’t have been made or it would be at a better price, same as Elliot going after gsk, poor management causing weak share value brings in outside parties, in gsk’ case a good thing as it’s dying a death but this is too cheap. Hope for counter bid.
vacendak: It could just be floating back up organically. Things could be slowly improving, more companies going back to paying dividends, thus paying fees to EQN... Again, not complaining as there is still a lot of catching up to do for the share price
vacendak: Indeed, everything but EQN is down for me too, even gold, silver, gold & silver miners (GPM)... Still the EQN rise is not that great, a rumour would lead to a jump 10+% at least. Anyway, not going to complain on EQN going up. :)
vacendak: Things need to settle first, companies needs to go back to paying dividends, EQN needs to get back administering that, etc. Nothing can happen until the lockdown is over or the population of most of the G7 countries has attained herd immunity through vaccination. Having an offer for EQN now, and accepting it, would likely be on the cheap, so not beneficial to shareholders. I would rather wait for a 350p-400p offer later this year.
stuffee: My guess is that Seris knocked on EQN's door some weeks ago, which EQN refused to open, fearing most of EQN's management would be history under an aggressive PE owner and ignoring shareholders' interests. Being a PE bidder, Seris would require some due diligence before proceeding and I doubt it could finance any bid without access to latest numbers. Out of frustration, Seris leaked its approach to Sky to try and force EQN's hand. I assume major EQN shareholders will now "encourage" EQN to engage. I agree with yf above and I'm sure EQN DO have obligation to announce something, even a denial if there has been no approach, in view of the Sky story and share price rise of over 10%.. See link to relevant Rule 2.2 of City Takeover Code, page 68. hxxps://
stuffee: V, I appreciate requirement to publish RNS for dealings by PDMRs, but what about Rule 2 of The City Takeover Code* which requires announcement: "An announcement is required: (a) when a firm intention to make an offer is notified to the board of the offeree company by or on behalf of an offeror" or "(c) when, following an approach by or on behalf of a potential offeror to the board of the offeree company, the offeree company is the subject of rumour and speculation or there is an untoward movement in its share price;" The notes to this rule refer to an untoward movement in the share price of over 5% in a single day or 10% in aggregate. My calculator states a rise in a share price from 115p to 145p is bit more than 10% * hxxps://
vacendak: Like you I am not happy with the board, but they have to publish an RNS for all share purchase by PDMRs, subsidiaries or share-plan activities for their employees. The board needs to be poked by the big shareholders who, sadly, do not seem to be very active. I am not asking for outiright sacking the board, but at the very least bring in some questions, write commmunication letters, then make them public... in other words do what active shareholders do. On a positive spin: Total silence on the puny 170p bid means they are not about to bring it to us for a vote any time soon. Taking the April timeline in mind, things can potentially improve on the business side if lockdown is lifted, even partially, so the share price could be hovering, organically, back up to 200+p then the bids would need to be at a premium to 200p.
stuffee: The delay in Board's response to a potential 170p bid from Seris is becoming scandalous. Interesting that EQN announced yesterday that some director of a subsidiary purchased 126 shares; EQN obviously feels this is more material than a potential £600m+ offer for whole company. I'm told delay blamed on confusion caused by recent termination of Ch Exec and new CE not starting till April - the Company has a Chairman, other directors and advisors. This delay will not enhance the existing poor reputation of its Board (which has depressed share rating). Brokers (HSBC) now estimating 2021 eps of 13.5p and EBIT of £70m - bid at 170p looks bit modest.
stuffee: Disgraceful that nearly 24 hours from Sky reporting a potential 170p bid from Seris, a thoroughly creditable source, Equiniti has still made no RNS announcement. It doesn't have to roll over and a mere holding announcement confirming approach and advising shareholders to take no action would suffice. Philip Yea, the Chairman, has been round the block a few times and should know his responsibilities and requirement to make announcement to stop a false market. "You can't be Seris" springs to mind. Have been shareholder since IPO. Haven't yet had chance to analyse bid, but with its secure income and steady cash flow, EQN is ideal target for leveraged PE bid and I'm sure Siris (or other PE fund) could afford significantly higher price. Interesting that Chairman Yea was buying shares at 190p 14 months ago.
m_kerr: vacandec - i think equiniti's numbers will improve next year. i'm just not sure the valuation is low enough to make it an interesting investment. prior to covid it was generating decent cash-flow, but not making any inroads on deleveraging. their strategy points towards empire building, which is usually a bad thing for shareholders. had they instead focused on debt reduction, they'd now be in a position to pick up bargains at the moment. cutting the dividend can be great for new investors, as it can drive the share price way down, and at the same time keep the money where it's needed instead of sticking rigidly to a dividend policy.
Equiniti share price data is direct from the London Stock Exchange
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P: V: D:20210421 18:47:00