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Share Name | Share Symbol | Market | Stock Type |
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Hansen Tran. | HSN | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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66.75 | 66.75 |
Top Posts |
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Posted at 25/7/2011 06:59 by masurenguy seekerofvalue - 31 May'11 - 54: Germany wants nuclear exit by 2022. This sort of news bodes well for wind and solar projects in Europe over the next decade. So HSN should come back onto the radar of longterm investors.Very prescient - its very clearly come back onto German radar ! ____________________ RNS Number : 9620K ZF Friedrichshafen AG 25 July 2011 Recommended £444.8 million cash offer The boards of ZF Friedrichshafen AG ("ZF") and Hansen Transmissions International NV ("Hansen") are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by ZF International BV ("ZF Bidco"), a wholly owned subsidiary of ZF for the entire issued and to be issued share capital of Hansen including outstanding rights under the Hansen Warrant Plans. · The Offer will be 66 pence in cash for each Hansen Share and values the entire issued and to be issued share capital of Hansen, including outstanding rights under the Hansen Warrant Plans, at approximately £444.8 million. The prices offered for the various rights under the Hansen Warrant Plans are detailed in Section 11 below. · The Offer represents a premium of approximately 95.6 per cent. over the closing price of 33.75 pence per Hansen Share on 22 July 2011, being the Business Day immediately prior to the date of this announcement and a premium of approximately 60.2 per cent. over the volume weighted average price of 41.19 pence per Hansen Share over the three month period ended on 22 July 2011. · ZF believes that a combination of Hansen and ZF's worldwide platform, substantial manufacturing and engineering expertise and strong research and development capability will help create a leading player in the global wind turbine gearbox market. · The Hansen Directors, who have been so advised by BofA Merrill Lynch, consider the terms of the Offer to be fair and reasonable and unanimously recommend that Hansen Shareholders accept the Offer. In accordance with Belgian law, this recommendation is without prejudice to the right of Hansen's works council also to issue an opinion regarding the Offer. · ZF has received irrevocable undertakings from Hansen's two largest shareholders, Suzlon and Ecofin, to accept the Offer in respect of 257,224,599 Hansen Shares in aggregate, representing approximately 38.4 per cent. of the existing issued share capital of Hansen. Commenting on the Offer, Alex De Ryck, Chief Executive Officer of Hansen said: "The employees and management of Hansen have succeeded in building Hansen into one of the global leaders in gearboxes for gear-driven multi-megawatt wind turbines despite very challenging market conditions in recent years. ZF fully recognises these achievements and wants to build on our existing platform to further expand globally and enhance our market position. This Offer reflects the fair and reasonable value of the business we have built and gives Hansen Shareholders the opportunity to realise that value, in cash, at this time." Commenting on the Offer, Hans-Georg Härter, Chief Executive Officer of ZF said: "ZF has a strategic objective to achieve technology leadership and worldwide presence across all of its business units. The combination of ZF and Hansen's wind gearbox activities represents a natural extension of our strategic decision to enter the growing and exciting field of wind energy. It will bring together substantial manufacturing and engineering expertise - and strong research and development capability - with a stable and supportive ownership structure. We are committed to leveraging this worldwide platform to develop this business through investment in growth, creating significant opportunities for the highly skilled management teams and employees of both companies." |
Posted at 31/5/2011 10:14 by seekerofvalue Germany wants nuclear exit by 2022This sort of news bodes well for wind and solar projects in Europe over the next decade. So HSN should come back onto the radar of longterm investors. |
Posted at 17/3/2011 20:07 by seekerofvalue From yesterday's Guardian."Hansen Transmission, which makes components for windpowered equipment, rose 2.03p to 48.94p on hopes that any move away from nuclear in the wake of the Japan disaster would benefit renewables. At the same time Peel Hunt issued a buy note, saying: Hansen has a strong market position, momentum from new product launches, and useful exposure to India and China. There may be no profit for a while, but the share price recently touched a 50% discount to book value (comprising tangible assets). We believe such capitulation by investors marks an opportunity". |
Posted at 20/1/2010 07:31 by masurenguy Edegem/Antwerp, Belgium - London, UK - 20 January 2010 GUIDANCE ADJUSTMENT FOR FINANCIAL YEAR 2010 Since early 2009, the volatility and challenges impacting the near term wind market have been reflected in Hansen Transmissions International NV financial results, most recently in the half year Interim Results where we commented on our caution resulting from the operating environment remaining challenging and lacking visibility. This trend has continued and although the results for Q3 2010 are anticipated to be in-line with the Company's expectations, Hansen believes the operating environment to remain challenging for at least the next two quarters, being the first two quarters of the 2010 calendar year (reporting quarters Q4 2010 and Q1 2011). In particular, as a result of recent discussions with its customers, Hansen's expectations for volumes in the last quarter of the financial year 2010, which historically has been its strongest quarter, have been reduced in order to meet with customers needs in the short-term. Consequently, the company adjusts its revenue guidance from flat revenue for the full financial year 2010 to a revenue decrease of approximately 15% from the level achieved for the full financial year 2009. The Company continues to build on its successful cost reduction measures to minimise the impact on profitability. While the order book has seen significant rescheduling, the ongoing dialogue with our customers continues to suggest some optimism for improving industry investment from the second half of the 2010 calendar year. We continue to be well-positioned with our customers and see the issues as predominantly relating to the wind market as a whole. Our confidence in the medium and longer-term fundamentals of the wind industry remain. Hansen will publish its Interim Management Statement for the 3 months period ended 31 December 2009 on 28 January 2010. ANALYST AND INVESTOR CONFERENCE CALL Hansen will host an Analyst and Investor conference call regarding this trading update with Ivan Brems, CEO and Alex De Ryck, CFO on Wednesday 20 January 2010 - 8.00 am UK time. Dial-in details: +44 20 3037 9221. Please quote "Hansen" as the event title when joining the call and state your name and company. A replay of this conference call will be available for twenty-four hours using the following dial-in details +44 20 8196 1998 access PIN 8893785# or on the Investor Relations section of Hansen's website as from Wednesday evening 20 January 2010 on |
Posted at 02/12/2009 12:42 by praipus wassapper any chance of adding the companies website to the header.Must say one of the best websites I've seen from an investor perspective |
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