G4s Share Discussion Threads

[enami] 17/10/2011 09:44

I missed the fact that ISS will be paid 50% in cash and 50% in shares so there will be quite a few more shares in issue after the aquisition than I originally tought.

"FS Invest II (the sole shareholder of ISS and a company indirectly owned by funds advised by EQT Partners and GS Capital Partners) will receive DKK 130 per ISS share, equivalent to around GBP1,528m in total - 50% paid in cash and 50% in G4S shares, with these shares being subject to a nine month lock-up."

[enami] 17/10/2011 09:08

Hi eipgam - from what I can see they have paid what ISS is worth (the enterprise value) and taken on their debt. Today's drop is overdone I think, as the nil paid rights have not been issued yet there is no reason for such a big drop. The intraday low of August is 227.4p, have set alarm to buy at 230p.

[eipgam] 17/10/2011 09:01

Thanks Enami.... not sure I understand whats going on here... first impressions are that they have destroyed a lot of s/h value with these decisions.

[enami] 17/10/2011 08:30

13% down at the open.

If it were already ex rights then I would expect a fall to 196p, but as the ex rights date is 31 October then could be a good opportunity to buy in here and acquire your rights to 7 for 6 at 122p.

Similar situation at Lamprell where they announced a rights issue and the ex rights date was well into the future. LAM shares initially dfropped and then recovered to match previous highs before the ex rights date.

I will recalcultate the TERP on 31 October

[enami] 17/10/2011 07:51

Well maybe the share price will rise at the open, 3 weeks until the ex rights date - strange I think.

Rights Issue Record Date |Close of business on 31 October 2011|

+-----------------------------------------+------------------------------------|Existing Ordinary Shares marked "ex" by | 8.00 a.m. on 3 November 2011|
|London Stock Exchange | |
+-----------------------------------------+------------------------------------+
|Admission and dealings in Nil Paid Rights| 8.00 a.m. on 3 November 2011|
|and Fully Paid Rights commence on the | |
|London Stock Exchange[2] |

[philo124] 17/10/2011 07:39

And the increase of 3Bn in debt?

[enami] 17/10/2011 07:37

I make the Theoretical Ex Rights Price 196p.

7 for 6

Current shares in issue 1,410.67m = £3982.32m @ 282.3p


New rights shares 1645.78m = £2007.85m @ 122p


After acquisition 3,056.45m = £5,990.18m @ 196p

[enami] 17/10/2011 07:26

Not back in but today's RNSs interesting

ACQUISITION OF ISS A/S FOR GBP5.2 BILLION AND GBP2 BILLION RIGHTS ISSUE

The transaction is to be funded through a combination of a 7 for 6 fully underwritten rights issue to raise approximately GBP2 billion, and new debt facilities which will also be used to refinance existing debt. The new debt facilities have been fully underwritten by Deutsche Bank, HSBC Bank and The Royal Bank of Scotland.

Have not done the maths of the rights issue but will afect the share price at the open I expect. 7 for 6 at 122p will knock the share price way back.

[eipgam] 08/10/2011 17:22

are you back in, Enami?

Lots of news of the past week or so and must be due an assault on the existing ATH





and I didn't realise that G4S are a sponsor of the Olympics and ParaOlympics

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[enami] 07/10/2011 08:27

Slow motion break to the upside here. Downgrade to neutral by Evolution earlier this week.
Upside target the ATH circa 295.

[eipgam] 19/9/2011 15:42

some big sales (or trades) going through... 2mil in the last few minutes.

[enami] 26/8/2011 19:27

Pretty good performance since the results.

Today - JP Morgan downgrades G4S from overweight to neutral.

[enami] 22/8/2011 14:34

Interim Results Announcement - 23rd August 2011
On 23rd August 2011 at 7.00am UK time G4S will announce its half year results for the six months to 30th June 2011. At 9.00am UK time a presentation will be made to institutional investors and analysts.

[philo124] 21/8/2011 19:48

220p might be ideal but might not get it.

[eipgam] 21/8/2011 11:57

tipped in ST today

[enami] 03/8/2011 11:13

Very quiet here. share price dipped below 200MA and oversold today.
3-5*-3 ABC correction (* B Wave counted on 60 minute chart), Wave 5 target 306.
All depends on Wall Street I guess. Not holding but tempted to buy, results due 23 August

[philanderer] 14/6/2011 08:25

'G4S Technology Receives Award Of Honor From National Safety Council'

[philanderer] 13/6/2011 17:05

G4S Technology Selected by the Southern California Regional Rail Authority to Integrate and Install Upgrades that will Increase the Number of Trains Per Day and Enhance the Overall Commuting Experience

Read more:

[philanderer] 13/6/2011 13:44

I`m saying nowt until the US markets get going ;-)

[philanderer] 12/6/2011 12:45

GIA Starting Pick Up Service in Dubai

June 12th

(IDEX Online News) – GIA's Dubai facility will offer free weekly pickup and delivery services of gemstones destined to GIA laboratories across the world for grading.

G4S International Logistics will collect the goods from Almas Tower, the Gold Souk and other sections of the Emirate to GIA's take-in office in the Dubai Airport Free Zone.

GIA says this initiative allows it to best serve the manufacturers, dealers and retailers located in Dubai

[philanderer] 12/6/2011 09:18

"Ministers defend Work programme"


Ministers hit back yesterday at criticism that their multi-billion pound back-towork scheme is a Big Society flop in the region.

They released a list of ten voluntary groups that have been awarded contracts to help deliver the flagship Work Programme in the North- East, replacing all existing job schemes from yesterday.

...The list includes nine private companies that will be sub-contractors to the two main contractors – G4S, the former Group 4 Securicor, and the Newcastle College Group.

Only those two contractors will join a performance-related payment system offering rewards of up to £14,000 per claimant returning to work.

article:

[philanderer] 11/6/2011 22:41

Company website..

G4S Investor Relations Success in Global Survey

For the second year running, G4S Investor Relations excellence has been recognised in the 2011 Extel Survey.

G4S are delighted to announce they have come second for Investor Relations in the Pan-European business services sector in the 2011 Extel Survey.

Extel Europe covers 635 of Europe's leading quoted companies, with 1,750 buy-side firms from 62 countries worldwide. Extel is the most complete and detailed record of market sentiment and opinions across all sides of the investor community where 2200 analysts from 220 broker/research houses took part in this year's survey.

[philanderer] 10/6/2011 20:41

Too true killieboy, GFS going really well until the US tanked yet again......Dow Jones now heading for 6 straight weekly losses, not seen since 2002 !

[killieboy] 10/6/2011 19:58

Spoke too soon philanderer - you should never post before the US markets open as the big city boys over here are "puppets" to their US counterparts (wonder where they got that from)!!