Invensys Dividends - ISYS

Invensys Dividends - ISYS

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Stock Name Stock Symbol Market Stock Type
Invensys ISYS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 509.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
509.50 509.50
more quote information »

Invensys ISYS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

dashton42: D'oh. Updated timetable, 20th Jan is the actual date for the demise of ISYS (see page 3). Should've been paying closer attention.
dashton42: Well, so much for that theory; ISYS still trading this morning...?
dashton42: I think that ISYS shares are cancelled on 9th Jan, and new Schneider shares trade on the same day (see page 6/7):
peterbill: HTTP:// Bloody hell 177 pages! ... Anyone read them all? (edit the url)
donkeystone: Bakero, no but yeah but no but Lloyds will be the new home. The big burst of growth in the share price is over, so for me, unusually, it is about return of a divi. I already have a few. ttfn
m welsh: Bakero, where did you see this "Scheme document published today. No more ISYS after 9th Jan 2014...28 days remaining for a rival bid!", or can you post it on here for us all to see, thanks
bakero: Scheme document published today. No more ISYS after 9th Jan 2014...28 days remaining for a rival bid!
bigbigdave: GE to crash bid battle for Invensys The American giant considers trumping a French offer for the FTSE 250 industrial stalwart with a £3.5bn counterbid ONE of America's biggest companies is plotting a £3.5bn counterbid for Invensys that could trigger a transatlantic battle for the British industrial software company. General Electric is thought to be weighing a raid on Invensys that will trump last week's 505p- a-share proposal from France's Schneider Electric. Sources said an auction between two of the world's biggest industrial beasts could drive up the price to 550p, which would value Invensys at £3.6bn. GE, led by Jeff Immelt, has a stock market value of £162bn, while Schneider is worth £28bn. Schneider's informal offer of 505p comprises 319p in cash and 186p in new shares. It has until August 8 to make a formal offer. One source said Schneider's proposal was strong but a rival could trump it by offering a greater cash incentive. GE declined to comment. City sources cautioned that while it was "extremely interested" in Invensys, there was no certainty it would enter the bid race. Invensys's second-biggest shareholder stands to pocket a fortune from any deal. ValueAct, an activist American hedge fund, has amassed an 8% stake over seven months and Schneider's proposal would result in it making £100m on its shares - equivalent to nearly £1m every two days since it started buying last December. Its average purchase price is thought to have been between 330p and 340p. The hedge fund could make even more if GE raises the stakes with a blockbuster offer. ValueAct's stake-building, revealed by The Sunday Times in April, put Invensys on bid alert. The fund has a history of buying shares in companies ahead of takeover activity. At the time, an industry source said: "Well, they are not interested in the dividend, are they?" Last year, ValueAct was pivotal in the break-up and eventual sale of Misys, the UK software business, to private equity. It had been one of Misys's biggest investors for more than four years. Invensys makes software and control systems for industrial plants, power stations and home appliances. It has nearly 20,000 employees worldwide. A takeover would herald the end of an era for a company whose roots stretch back to 1924. Invensys was formed in 1999 when BTR (British Tyre & Rubber) agreed a £10bn merger with Siebe, a British rival. Bidders began circling Invensys last year. In June, Emerson, the American giant, made an approach but the talks came to nothing. In December, Siemens, the German trainmaker, swooped on Invensys's rail division, which makes signalling systems for the London Underground and railways around the world. The £1.7bn sale of Invensys Rail was expected to flush out bidders for the rest of the business. Nearly £500m of the proceeds was used to plug the deficit in the Invensys pension scheme, which was previously seen as a deterrent to predators. Offloading the rail arm was also the catalyst for ValueAct's stake-building. Although one of the world's largest companies, the strength of GE's presence in Britain is not widely appreciated. A decade of rapid expansion has made Britain its second-largest market with nearly 20,000 staff. GE's British arm accounts for about £7bn of revenues. Its last deal was the £800m takeover of Wellstream, the FTSE 250 oil services firm. GE has also bought Smiths Aerospace and Amersham Healthcare. Shares in Invensys closed at 508p on Friday, valuing the company at £3.3bn. hxxp://
bobsidian: "I get a PE of 11X 2014 after deducting the cash." Eh ? Are you looking at the underlying EPS of the remaining business after the sale of Invensys Rail ? If the current share price is used then after the return of cash ISYS would be trading on a current P/E ratio of around 37 times the underlying earnings of the remaining business. Is that the pace of growth in earnings being intimated by ISYS for 2013/14 for the remainder of its business ? Was the underlying earnings growth in 2012/13 of the surviving elements of the ISYS business not 25% ? You are asking a lot for ISYS to be able to generate such a pace of growth in earnings on a sustainable basis.
bakero: Yes, perhaps more than ever!For ISYS held in an ISA, am I right in thinking there is no difference between accepting the dividend or capital options? Either will be paid as cash into the ISA with no tax implications either way.Outside of an ISA should take dividend if not a higher rate tax payer (nothing further to pay). For a higher rate tax payer choice is to take dividend and pay additional income tax (25% on amount received), or take as capital where (unless small) is treated as a part disposal and pay 28% on any gain above annual exemption (after taking into account other gains/losses of the year)Outside of ISA is also possible to delay CGT to 2014/2015 if that suits better (no payment for 11 months in that case)Am I correct here?!
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