Logica Share Discussion Threads

[a0502162] 19/8/2009 10:54

Only if he lives on another planet!!

[robwt] 19/8/2009 08:34

His message might have read. A0, buy Logica at 111p before 10am Wednesday when the BAE bid is announced.

[a0502162] 18/8/2009 16:45

And he didn't leave a message today!

Probably sent the cheque in the post.

[a0502162] 18/8/2009 08:03

No, he never calls on a Monday.

[robwt] 17/8/2009 19:34

Has Warren been in touch.

[a0502162] 17/8/2009 15:50

robwt

You wouldn't be suggesting to buy right now would you? Smacks at a bit of old fashioned ramping!

Oh just like the good old days.............................you never know we could even get a bit of banter going...............if your not careful.

Haven't missed out on one yet.....................might not be LOG I buy..........................but then it might be......................but I won't miss out........................unlike some!

[robwt] 17/8/2009 13:18

A0, don't miss the next flight.

[a0502162] 17/8/2009 10:35

As long as they don't fly away.......eh!!

[robwt] 16/8/2009 13:00

Hope they do fly, the market seems to be taking a breather but who knows we could see 123p soon.

[mike111d] 16/8/2009 10:37

Were an offer to be made then so be it but for now progress continues to be made in building on a solid base of strong customer retention, via the benefits which stem from winning new business while in parallel reducing cots, which in turn is also helping to win new business. So a virtuous cycle is currently in play.

[5uperman] 12/8/2009 09:47

these are gonna fly BUY BUY & BUY

[a0502162] 11/8/2009 18:30

Better buy some then!

[big_dunc] 11/8/2009 14:40

Todays performance is a reflection of the performance of the market as a whole... its hardly crashed 10%

[robwt] 11/8/2009 14:32

On looking at today's share price performance, it might be a big slice of pie in the sky.

[selborne_edge] 11/8/2009 14:23

Logica is still very cheap and within the Company there is a great deal of expertise on IT security. Interestingly, the word Cobham is mentioned above and it was in Cobham Park that Logica did much of its IT security work. (It is now a block of flats)

[grahamburn] 11/8/2009 14:01

Let's make it easier for this bb (lifted with thanks as per robwt's post above) - beat me to posting the reference:



BE: There's lots of talk about the defence sector
BE: Some talk on Cobham again this morning
BE: And DealReporter ran a curious story on BAE buying Logica yesterday.
MJ:
BE: Seemed a bit leftfield to me, but there you go.
BE: Will dig out the story.
BE: BAE Systems, the UK-listed defence group, is looking to expand its security capabilities outside the defence space and could make a move for an IT based company, sources familiar with the defence and technology sector said. The sources named several companies including UK listed Logica as potential targets.

BE: Last month, Anthony Zinni, chairman and interim chief executive at BAE Systems, said the company would broaden its security businesses further beyond the Defense Department with a focus on areas where it already has expertise, such as intelligence, energy and information management technology. Following his comments, BAE announced it had won a USD 325m US contract for managed IT services with the US Treasury.

BE: A spokesperson for the defence group said it continued to look for organic and acquisitive opportunities across its home markets and four global initiatives – "one of which is security," he said. BAE sees significant opportunities in through-life support (also known as Readiness & Sustainment), government security and cyber warfare technologies and power management, said the spokesperson and a source familiar with BAE.

BE: Two banking sources speculated the UK listed defense giant could bid for Logica whose operations in the public sector account for 30% of the company's overall revenues. A third banker said that BAE would likely target an acquisition in the low single digit billions and Logica's market capitalization of GBP 1.65bn would fit with this scenario.

BE: The first banking source and the third agreed that BAE could either acquire the whole of Logica and sell on the non core divisions to an Indian IT company, or simply take out the divisions it required. "Logica holds sensitive defence contracts with the UK government and would only divest its public sector arm to a UK or US group," the first banking source said. In the past BAE has targeted companies that are no more than 15% non core, noted a fourth banker.

BE: A deal could happen in the short to mid term before Logica surrenders tie-up initiatives from international players, particularly Asian IT groups, said the first banker who is familiar with Logica. He said that Logica will be ready to sell off its global operations in the next 2 to 3 years, once its public unit is safely divested to a "government-friendly" strategic partner
BE: There's a bit more, but if you want it you can buy a DealReporter subscription.

[robwt] 11/8/2009 13:57

I had a look at BA just now. Look at post 107/108 by newseller. Seems there is talk that BA want to make acquisitions and Logica fits their bill. I agree with Selborne, it does make a lot of sense and might explain that some of Logica's recent rise could be on bid expectations.

Like the FT reported, LOG are cheap compared to the rest of the sector

[selborne_edge] 11/8/2009 12:35

That would make a lot of sense. Logica has always carried out a lot of work in the defence and security industries. BAE also seems to be doing very well in the US.

[big_dunc] 11/8/2009 12:04

Faint rumours of predatory interest from BAE Systems!!

[robwt] 10/8/2009 18:08

FT says Logica look cheap.

[a0502162] 10/8/2009 12:04

CNA.....................nice steady Monday morning sort of share.

[selborne_edge] 07/8/2009 15:29

All very encouraging; Andy Green is to be congratulated

[robwt] 07/8/2009 14:15

Bloomberg report.

[mike111d] 07/8/2009 12:38

robwt, you are spot on with regards to the comment about new business. This was something that I had tuned into earlier in the year i.e. they recognised that their retention levels remained very high and so the key then was to supplement this with greater focus in the area of new business developemnt. So far, so good,

[selborne_edge] 07/8/2009 09:14

Your last prediction proved to be very accurate robwt; agree that the £2 is achieveable.