Kewill Systems Share Discussion Threads

[gerdmuller] 10/8/2010 16:55

130p was far too low for a company which has come through the downturn so well. I am prepared to hold this one for the next few years but I still think now one company has come in and made an offer it won't be long before someone else comes in. But next time they will know that 130p is just far too low.

[loafofbread] 10/8/2010 16:48

'The Company confirms that discussions have not progressed to an acceptable offer'

Looks like they got an offer, just not one that they could go for.

Bound to be leaked out by the other party, interesting to see what the papers say.

Any chance of a hostile turn of events?

[gerdmuller] 10/8/2010 14:32

If these go below 95p then I will start buying but need to settle.

[gerdmuller] 10/8/2010 14:28

At last. Don't know what took so long. Now perhaps can concentrate on running business.

[erpguru] 05/8/2010 02:08

FT reports PE companies are in a frenzy to deploy capital raised before the downturn or have to return investors funds before earning fees. Kewill would fit the bill.

[gerdmuller] 04/8/2010 10:42

pandjb, I agree entirely, the board is either preparing itself to be bought off or as you say they are a bunch of amateurs.

If this is a US PE firm then they will probably offer management a big slice of equity in order for them to recommend the bid. The UK institutional holders won't put up a fight but will go for a fast buck.

As I said weeks ago they should tell this bidder to either put in a real valuation or they should stop wasting company time. This is a total disgrace. I will try to contact Nichols.

[dnfa1975] 04/8/2010 08:02

he needs to sort out his new service contract, golden parachute etc hence delay

[pandjb] 04/8/2010 07:51

Not only an amateur bid, it is showing Nichols et al are an 'amateur' board.

When I had a go at him prior to the trading update he was hiding behind 'corporate governance' rules. Why don't you lot tell him, like I did, that there is nothing to stop him putting out an RNS saying that in the boards view the bid completely undervalues the potential for KWL.

Contact via the website gets to him via a secretary - I will not publish her email addy for obvious reasons.

Force some action from Nichols one way or the other - this is a shambles.

Waddya think

[dnfa1975] 02/8/2010 15:58

Im so excited,and i just cant hide it, i know iknow iknow,,......

[erpguru] 30/7/2010 22:49

KBC Peel Hunt analyst Simon Strong suspects its Oracle or SAP. Panmure Gordon analyst George O'Connor argues Kewill's blue chip customer base could appeal to direct competitors Manhattan, Pitney Bowes and Red Prairie.

[gerdmuller] 30/7/2010 09:47

I think this is a crazy situation where someone can come in and say they are thinking of making a bid and then do nothing for months. The takeover laws are too lax and should be changed so there is a timescale by which you have to produce full information. This should be weeks not months as in this case.

This type of situation dragging on can create uncertainty for suppliers and customers of the target and could also have a detrimental effect on staff morale.

Hopefully this is not happening in this case but for many firms this may be a problem.

In the TFC takeover all types of US hedge funds seemed to be buying stakes at above the bid price so whether they were doing this in collusion with the PE firm that bought the business nobody knows, but some obscure names seemed to be taking an interest.

[dnfa1975] 30/7/2010 08:37

thanks gerard.
they must be writing the offer document and the managements new service contracts right now

[gerardp] 30/7/2010 08:34

AGM was this week - 28th July and not allowed to reveal any price sensitive news.

[dnfa1975] 30/7/2010 08:23

when is the AGM? maybe get news of the bid then

[erpguru] 30/7/2010 08:19

No surprise if (Chinese money) counter bids...

Considering main board member Charles Alexander has taken shares in lieu of pay and is now Standard Chartered Regional Head of Origination and Client Coverage, North East Asia.

[dnfa1975] 30/7/2010 08:03

counter bidder?

[dnfa1975] 29/7/2010 18:07

bid is coming sharpish imho.
agm soon might get some news then? i reckon 150p? hope sox

[erpguru] 26/7/2010 20:39

Another win: Distillers and brewers love Kewill.

[gerdmuller] 26/7/2010 09:46

EssentialInvestor, Yes, that Bish guy really seems to have done a great job for KFX. I believe he came from PE.

As for these I am still waiting but this really is impossible to work out what is going on. It would be interesting to see what the share price would have been if the bid had never been announced. It could well have been around this level anyway.

If the bid fails there will probably be a short term pull back but these look to be pretty reasonably valued around this level so the fall should only be short term. I can only assume they are struggling to gain irrevocable support at this price but don't really have a clue why this is taking so long.

[gerardp] 25/7/2010 12:39

New contract :

Kewill wins three-year customs contract with William Grant

Published: 23 July 2010 02:34 PM
Industry Channel: IT/Software

Luxury spirits company William Grant & Sons has chosen Kewill for a three-year contract to deliver global export documentation.

The UK based distiller has recruited Kewill to support its electronic customs reporting requirements including the Excise Movement Control System, which will become mandatory across Europe on 1st January 2011.

Kewill will provide its customs software Kewill SPEX, along with integration software eBiz-Manager across the distillers UK operations and parts of its global network.

The logistics company will offer ongoing integration with William Grant's operating systems, using the HMRC CHIEF and EMCS systems for processing electronic customs declarations.

Using a web-based service will provide the required messages to HMRC and allow staff worldwide to print a uniform set of export documents.

William Grant was founded in 1887 and distils brands such as Glenfiddich and Hendrick's Gin.

[gerardp] 21/7/2010 15:34

You can bet management are working out the best deal for themselves - some will be offered positions on the new board.

[erpguru] 21/7/2010 00:21

Lazard acted exclusively for the Kewill in prior disposals. This bid process looks amateur.

[man overbored] 20/7/2010 22:35

As I said in 5006, this is all taking too long for the potential bidder to be a trade suitor - they need to move more quickly to avoid detracting from any deal by competing with the target - so we are left with an indicative bid @ £1.30 by people who are hungry when their bellies are full and should be forced to pay 20% more, because they will - nota bene , Kewill BoD.

[essentialinvestor] 20/7/2010 22:08

Gerd

If you are still around, Kofax(KFX) looks set for another one
of its Upward moves imv.

The Chairman and CEO recently bought £540,000 of shares between them,
just before the Close period.
The non-execs have also bought.

All Buys were at the full market price, not some cheap options.

Looks very interesting to me, as the Global leader in Document Capture
with rapidly growing cash balances.

2011 PER is under 13 with the cash accounted for.


Good luck with KWL if you are still in, I sold at 116.

[erpguru] 19/7/2010 21:28

"still in offer talks" - Paul go for £2.00. Make us all happy.