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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mdm Engin. | LSE:MDM | London | Ordinary Share | VGG5941V1058 | COM SHS USD0.01 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 168.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 168.50 | GBX |
Mdm Engin. (MDM) Share Charts1 Year Mdm Engin. Chart |
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1 Month Mdm Engin. Chart |
Intraday Mdm Engin. Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/10/2014 | 10:46 | MDM Engineering - Minerals Eng and Studies | 610 |
| 12/7/2013 | 08:58 | MDM - Policy to return 50% of Net Profits to Shareholders ** | 15 |
| 31/5/2013 | 11:45 | *** MDM *** | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 30/10/2014 10:46 by meijiman Yes agree. I may have come across it (MDM)from the same source. Certainly I had a decent holding in Kentz but sold out far too early. To give a recent eg I was reading about the boost to airline stocks from lower kerosene prices linked to lower oil. Decided I had enough exposure in that space so went for a different angle and bought BPI. Paid off nicely. |
Posted at 30/10/2014 09:41 by jeffian Agree entirely, meijiman, but bb comment can be a starting point to alert you to companies which are worth researching. I, too, came across this via a comment on the KENZ thread. Two wins for the price of one! |
Posted at 20/8/2014 23:37 by jeffian The terms of the acquisition of MDM are settled. If it goes ahead, you will get 170p/share cash. AMEC shares don't come into it. |
Posted at 13/8/2014 08:43 by flyfisher jeffian, From the recent accounts.Strategic focus MDM has recognised the benefit of having an association with a global engineering and construction company which can provide access and support into other markets, supporting our growth strategy. Based on this strategy, MDM has entered into an MIA with Foster Wheeler which is scheduled for conclusion late August 2014. From a recent update. The application with the South African Competition Commission is progressing with a determination expected during August 2014. |
Posted at 12/8/2014 17:17 by jeffian Do I detect 'slippage' here? In May, they repeated previous guidance that "MDM still expects the Transaction to be completed in late August 2014". In the annual results on 5 August they say they "expect to see this close within the third quarter of 2014". The "third Quarter" is October-December, isn't it? |
Posted at 20/3/2014 11:57 by jeffian Am I alone in thinking there's something a bit odd here? After the failure of the Sedgman merger, they seemed in quite a hurry to rush into the arms of another suitor, and at a lower price per share, and the current share price still sits at a discount to the bid. Doesn't seem to exude confidence, does it? |
Posted at 15/3/2014 13:50 by varies Sar10If you own lots of MDM shares already you might be tempting Providence if you buy any more. I would be very surprised if the agreement between MDM and Foster Wheeler permits the payment by MDM of any further dividend without an adjustment to the value of the bid. Tying my money up for 5 months for a return of 2.8% subject to various risks does not look very sensible to me in the cold light of the morning after and I wonder why I did it ! If you do buy more, then I naturally hope very much that this will prove a sound decision. |
Posted at 13/3/2014 12:59 by sar10 I am really tempted to purchase more at this price - like somebody has already said, its a 3-5% mark up if/when the deal goes through + the possibility of a final dividend.Anybody any idea why the share price isn't closer or on £1.70??? |
Posted at 13/3/2014 11:22 by m1das_touch I wonder if this deal might be more lucrative for the board than for shareholders? I noticed this interesting little excerpt from the RNS:Foster Wheeler will also make an offer to acquire all outstanding options held over the shares of MDM ("MDM Options"). The MDM Options shall be cancelled upon implementation of the Merger and each option holder shall be paid cash consideration for their MDM Options calculated in accordance with the formula set out in Appendix I. |
Posted at 13/3/2014 07:06 by m1das_touch -- Recommended takeover offer from global engineering and construction group Foster Wheeler -- Offer price of GBP1.70 cash per MDM share -- Foster Wheeler to acquire all of the ordinary shares and options in issue in a cash transaction of approximately GBP65.3 million (US$109 million) -- Cash offer represents an attractive premium to recent share price trading levels and provides realisation of value for MDM shareholders -- Shareholders representing 42.4% of the issued ordinary shares of MDM have executed agreements under which they have agreed to vote in favour of the Offer -- Offer subject to MDM shareholder approval and other conditions including competition approval MDM Engineering Group Limited (AIM:MDM) is pleased to announce that it has entered into a merger implementation agreement ("MIA") with Foster Wheeler AG (Nasdaq: FWLT) ("Foster Wheeler") under which Foster Wheeler's BVI subsidiary, Foster Wheeler M&M Limited, will acquire all of the ordinary shares in MDM, subject to MDM shareholder approval and certain other conditions (the "Offer", the "Transaction" or the "Merger"). Under the terms of the Merger, MDM shareholders will be offered GBP1.70 cash for each MDM share they hold (the "Offer Price"). The Offer Price of GBP1.70 cash per share represents: -- A premium of 14.5% to MDM's closing price on 12 March 2014 of GBP1.485; -- A premium of 17.4% to the 30-day VWAP prior to 12 March 2014 of GBP1.45; and -- A premium of 17.3% to the 90-day VWAP prior to 12 March 2014 of GBP1.45. Well that's come completely out of the blue! To my mind it significantly undervalues the company, but of course private shareholders will have no say. Nice to get out with a good profit, but I was seeing this as one of my long-term ISA holdings - so will be looking for a new home for these funds now. Disappointing really. |
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