Flowtech Fluidpower Share Discussion Threads

[bungler] 16/6/2008 10:07

eezvmt - thank you very much for that. I had completely missed it so am grateful to you. (Incidentally, if anyone else is trying to find it, for some reason I found is on page 7 of the defence document not page 3 but that may just be the formatting on my PC I suppose).

[eezvmt] 16/6/2008 09:16

bungler, see page 3, where it says:

"Recent deals in the CAD/CAE space imply a much higher
valuation

The median enterprise value / revenue multiple from comparable
peer group public and private transactions in the CAD/CAE
simulation market over the last 2 to 3 years is approximately 4x
which translates to a per share value for Flomerics comfortably over
£2.50"

[bungler] 15/6/2008 21:39

eezmt I didn't see that £2.50 price and can't find it on a cursory glance back through the news releases - would you mind pointing me in the direction of that figure please? Or maybe it was just a misprint - £1.50?

[eezvmt] 15/6/2008 18:38

It will be interesting to see how much Autodesk will offer. I think it will be nowhere near 2.50 which Flomerics board say (in their defence document) is a realistic price.

So if Autodesk offer something like 1.45 and Flomerics board recommends it, I wonder what spin they'll put on it.

[engineer66] 13/6/2008 16:11

It was a highly opportunistic bid! I had to laugh at 2.4% acceptances. At least, it focussed minds on creating some value.

[parvez] 13/6/2008 14:50

looks like fun in only just starting on FLO

[mudbath] 13/6/2008 13:41

On the button as usual bungler!! All will become clearer(hopefully)within the next 2 weeks.

[bungler] 13/6/2008 13:30

I see Kozo Keikaku Engineering Inc have bought 100,000 - the plot thickens!

[mudbath] 13/6/2008 13:24

How would Autodesk "have 70%" mart12345?

[mart12345] 13/6/2008 12:00

i don't know, but they would have 70%. controlling majority, thus the business imo. They may be forced to let them have the 30% if 70% agree to bid price.

[eezvmt] 13/6/2008 11:00

What would happen if Autodesk makes an offer next week; the Flomerics board recommends it; Mentor does not increase their offer, but at the same time mentor refuses to sell their 30% stake to Autodesk?

[psolomons] 12/6/2008 19:37

It would be an extremely high risk strategy for a company to allow itself to be used in an attempt to head off a hostile bid against another. Autodesk directors would lay themselves open to prosecution and even jail if found out. Also there is little or nothing in it for autodesk to behave like that. FLO say that a rival cash bid may be made so I would be very surprised if nothing turns up,although it is a slim possibility.

[mart12345] 12/6/2008 16:56

psolomons i agree with ur views, only thing i am concerned about is if flo are using autodesk as a defence to mentor (so they don't get taken over - with little likelihood of bid in reality). i'll sleep on it i think. i got a quote earlier 112p, so not as wide as it looks.

[psolomons] 12/6/2008 15:50

The spread is a little wide mart but if you think autodesk are serious about wanting to take over flo or if you think mentor are unlikely to back out after one approach then there will be further price rises.
No investment advise intended but its almost a 'no brainer', in my view.

[mart12345] 12/6/2008 15:42

would anyone buy at this price? i'm thinking of it

[littlemadam] 12/6/2008 14:58

yabba dabba doo!! love it!.
mudbath, any more 'good uns'?

[psolomons] 12/6/2008 14:52

Its about to get extremely interesting. I wonder what Mentor wil do about an autodesk cash offer. They might just walk away with a handsome profit for their short term holding of flo shares. If they lose FLO however it is their own fault. 104p, while being a substantial premium to the share price when they bid, simply wasn't high enough for a take out. Mudbath deserves credit for saying that repeatedly, even when things looked a little rocky with the profit warning etc.

[mart12345] 12/6/2008 13:59

autodesk have aannual general meeting tonight that is being broadcast via this link.


May shed some light on this matter? it's pacific time, which i think corresponds to 10pm our time?

[firth] 12/6/2008 13:12

Mudbath said weeks ago it would be around 145p. I hope he is right.

[techmark] 12/6/2008 13:06

If Autodesk are going to make an offer then I would suspect it would have to be at least 130p a share to stand any realistic chance.

[nigelsom] 12/6/2008 12:12

Hmmm - so Autodesk will pay cash if a deal is done. Must be pretty close to a formal ofer.

[psolomons] 11/6/2008 19:01

Having read the RNS they are buying, a very good sign. Like everyone else they are out to make money and they see a profit in holding flo at the moment.

[littlemadam] 11/6/2008 17:45

another US fund dealing. Can one oof you experts interpret for me , please

[psolomons] 11/6/2008 15:29

Are they buying or selling ?