Invensys Share Discussion Threads

[rumpelstiltskin2] 30/11/2012 08:50

wouldnt it be funny if these are eventually taken out at 475p

[rumpelstiltskin2] 29/11/2012 19:13

their numbers appear extremely conservative, and there is still possible upside in rail. dont forget these guys were wrong as of yesterday. why would you believe them now?

[miata] 29/11/2012 16:25

In the (unlikely?) event of a takeover of the business being proposed, the pension trustees would give their assessment of the amount needed to address the underfunding of the pension liabilities.

The £745 relates to the part now being sold, the £700/1000/1300 relates to the remainder of the business.

[rumpelstiltskin2] 29/11/2012 15:50

if it means that the pension is massively in surplus, surely that is not an ongoing cost to the buyer

[donkeystone] 29/11/2012 10:14

Rumple,

Well unless Siemens are dead sure no one else is going to pop out the woodwork you would imagine they would have kept a bit back for a top up, if necessary. Not sure I'd set that at £800m though ............... but you never know

As ever

£4.40

ttfn

[rumpelstiltskin2] 29/11/2012 08:50

not quite £2.5 billion :)


Rumpelstiltskin2 23 Nov'12 - 10:31 - 113346 of 113375

any view on what Invensys Rail could be worth to someone like Emerson? could it be worth £2.5 billion?

[pomp circumstance] 29/11/2012 08:41

erBill
29 Nov'12 - 04:08 - 113370 of 113374 0 0


Where is the Chinese.

Where are the Chinese?


Hoe lang is een chinees ...

[shazzieb] 29/11/2012 08:12

Been holding these shares for such a long time, now the wait was worth it!

[badwood] 29/11/2012 08:10

Hobby and Donkeystone its been a long time coming but now the party is on.

I bought my first tranche of Invensys shares about 11 years ago for 13p a share. Not quite sure why I bought them but hey-ho, hey-ho it's off to the bank we go. Over the years I accumulated more and more till now I hold just under 100,000 shares. Pundits and financial advisors said I was mad – and they were right. On many occasions I questioned my sanity in holding Invensys but being stubborn (never usually a good trait for an investor or gambler) I stuck with it. A few years ago they rocketed to over 400p on takeover rumours so maybe Donkeystone's prediction on 440p will finally materialise. Here's hoping.

Now where is the Invensys tea lady.

[a0148009] 29/11/2012 08:03

Suggest you read the whole Telegraph article as the printed part has been edited.



AO

[jak1] 29/11/2012 06:55

After these I have only one more dog in my portfolio. Was thinking I was destined to stay in the twilight zone, but there you go, every dog has it's day...

[peterbill] 29/11/2012 04:08

Where is the Chinese.

Where are the Chinese?

[hobby2] 29/11/2012 00:27

............... :-)

[johnlll] 28/11/2012 23:23

Great news for PIs. Many congratulations. I held a very large number of these for some time but sold out many years ago. I stumped up a lot of money for the rights issue in 2006? Can't quite remember now. So Siemens have finally coughed up.

If some of the old guard still pop in here - Yuka, metex, spights, Steve111, Bysel, Harry Punter to name the few I can remember - hope you oare all well and making money somewhere!

[rumpelstiltskin2] 28/11/2012 22:38

It surprised analysts after selling the rail division for just £50m less than market value of the entire industrial software company. As part of the deal, Invensys will hand £625m back to shareholders, as well as a further £625m to its own pension fund.

But the sale of a business regarded by some in the City as Invensys's "crown jewels" raises the prospect of a counter-offer for the unit or even a potential break-up bid for the entire company. It could also raise concerns over the sale of another major British technology business to a foreign owner.

Canada's Bombardier is seen as a another potential bidder for the Invensys rail business, and interest could also come from Chinese and Japanese rail companies such as China Southern Rail and Hitachi Rail.

General Electric and ABB have also been seen in the past as buyers of the whole company and the sale of the rail unit raises the prospect of a counter-bid for the entire business.

Meanwhile, Emerson Electric, which held unsuccessful takeover talks earlier this year with Invensys, could look to buy the remaining business if the sale of the rail division is successful.

"Invensys is definitely in play now," said one senior London-based investment banker with knowledge of the company. "I'd expect to see someone make an offer for the rail business before the shareholder vote on the deal, and I certainly wouldn't be surprised if they got some bids for the remaining parts of the business."

[donkeystone] 28/11/2012 19:27

Emersons hands tied until 21 December, I think?
Rail is about a third of group turnover, I think?
Will someone(s) rock up and go for the lot ..... who knows?
Time to return to the old sign off:-

As ever

£4.40

ttfn

you never know; been here since May '05.

[a0148009] 28/11/2012 18:16

Worth tuning into the conference call and supporting slides.

and follow the Invensys Rail Disposal link.

Looks a good deal to me, solves the pension funding, good price for the lower margin Rail business, cash in the bank to pursue higher margin business and acquisitions, distribution to shareholders.
The market will vote on it tomorrow having had time to consider the the presentation.

AO

[rogerrail] 28/11/2012 17:49

Rumpel

LOL! Having exhausted the T/O route the yanks are doing what they do best and that is to dismantle another British engineering business, starting by flogging off the best bit. The fact they are returning a large portion of the cash to shareholders and most of the rest to pay off the pension deficit probably indicates they have few plans for rest of the business other that to flog it contrary to what is in the statement( I am sure they would have preferred to return it all to s/holders but that would have been too obvious!).

[rumpelstiltskin2] 28/11/2012 16:46

closing auction at 280p

[rumpelstiltskin2] 28/11/2012 16:41

RogerRail, you were saying?

[rumpelstiltskin2] 28/11/2012 16:37

this could shake out a full bid. the chinese wont be happy about this either