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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Morse | LSE:MOR | London | Ordinary Share | GB00B288B731 | ORD 12.27P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 51.00 | 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 | 51.00 | GBX |
Morse (MOR) Share Charts1 Year Morse Chart |
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1 Month Morse Chart |
Intraday Morse Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/11/2010 | 14:25 | Morse might bounce from here | 848 |
| 11/9/2009 | 07:35 | -Morse - climb aboard the super intagalactic flying share | 45 |
| 16/8/2009 | 20:31 | MORSE GOING ROCKETINGGG - GET THESE BABES? | 23 |
| 29/4/2005 | 08:17 | MORSE FALLS ON WORRIES ABOUT FUTURE TRADING | 3 |
| 19/12/2004 | 22:13 | Morse might bounce from here | 13 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 26/4/2010 10:10 by redleafboy Morse agrees £69.8m offer from 2e2IT services and technology company Morse has agreed terms on a recommended cash offer from private company 2e2, which is majority owned by Duke Street Funds. The 2e2 offer values each Morse share at 51p and the group at about £69.8m. The price represents a premium of 60.4% to the average Morse share price of 31.8p for the 12 months prior to the offer period and 23.6% to the closing price on Thursday (April 22). 2e2 says it views the acquisition as an important strategic opportunity to create an experienced UK and European IT services provider with greater capabilities that will benefit from larger scale, greater market visibility and increased attractiveness to the customer base. Morse chairman Kevin Loosemore said, 'Over the last 15 months, we have seen a significant recovery in Morse's operational performance and strengthening of its balance sheet which has been reflected by an increase in Morse's market capitalisation. 'Whilst continuing to focus on completing the recovery in operational performance, the board had started to explore strategic options that would significantly increase the scale of Morse's operations in order to deliver further increases in shareholder value over the medium term.' The 2e2 offer 'recognises the continued prospects for growth in the profitability of Morse whilst enabling Morse shareholders to realise their investment in full'. |
Posted at 25/4/2010 08:00 by redleafboy MOR get a very decent mention in yesterdays FTwww.ft.com April 24, 2010 Takeover approach gives lift to Morse Morse , the IT services group, jumped 16.4 per cent to 48p after saying it was...held peer that was also said to have been behind the 25p a share approach Morse rejected last year........ By Bryce Elder and Neil Hume |
Posted at 23/4/2010 11:39 by she-ra Enami - Wind the clock back a little more and you will see a share at 120p where profits were not disimilar to todays.Management seemed to let an air of fear spread about Morse not commenting on significant drops then surprise surprise bought a load at about 5-6p. Theyre quick to repsond to press speculation for something where the share price could get carried away if not commented on but not so quick to tell us Morse wasnt going under. |
Posted at 23/4/2010 10:57 by redleafboy re: Press Speculation TIDMMOR RNS Number : 6814K Morse PLC 23 April 2010 ? 23 April 2010 Morse plc Recent press speculation The Board of Morse plc ("Morse"), the IT services and technology company, notes the recent media speculation and confirms that it is in advanced talks, which may or may not lead to an offer being made for the Company at 51 pence per share. Shareholders should be aware that there is no certainty that an offer will be made. Further updates will be announced as appropriate. In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Morse has 129,882,763 ordinary shares of 12.27 pence each in issue (of which 82 are not listed). The International Securities Identification Number for Morse ordinary shares is GB00B288B731. Enquiries: +------------------- | Morse plc | Tel: 020 8380 8000 | +------------------- | Mike Phillips, Chief Executive | | | Officer | | +------------------- | Guy Millward, Group Finance | | | Director | | +------------------- | | | +------------------- | Investec Investment Banking | Tel: 020 7597 4000 | +------------------- | Andrew Pinder | | +------------------- | Patrick Robb | | +------------------- | | | +------------------- | Financial Dynamics | Tel: 020 7831 3113 | +------------------- | Charles Palmer | | +------------------- | Haya Herbert-Burns | | +------------------- | Nicola Biles | | +------------------- Investec Investment Banking, a division of Investec Bank plc, which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting exclusively for Morse and no one else in connection with matters described in this announcement and will not be responsible to anyone other than Morse for providing the protections afforded to clients of Investec Investment Banking nor for providing advice in relation to matters described in this announcement. Under Rule 8.3(a) of the Code, any person who is interested in 1 per cent. or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure. Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1 per cent. or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3. Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4). Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129." "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel. This information is provided by RNS The company news service from the London Stock Exchange |
Posted at 31/1/2010 12:43 by she-ra ChillWill - Thats ignoring that it has around £14 million in cash and that it is on its way to a recovery.Back in 2007 the share hovered around 120p and that was before a share consolidation.Of course Morse is expected to make a EBIT of £6.8 million for the year rather than the £12.5 million it achieved in 2007 but this is occuring during difficult economic times.I think most shareholders will want Morse to get back to those former times.Im just not so sure whether the directors interests are fully alligned with those of the investors who have been holding since 2007.IMO I think they are probably more interested in a cheap buyout where they can realise the value of their significant share options and be happy bunnies just as Gartmore will be. On Thursday I saw just over 1 million shares sold which I suspect was from the same seller.I hope it wasnt by one of those directors who bought on the cheap when their silence was deafening during the massive share price collapse (im sure there should have been an RNS as to why there were such dramatic falls on a few occassions - I might be wrong?).If it was the case that a director sold it would confirm to me that their interests are no longer alligned with those that want to see a complete recovery in Morse's fortunes in its share price and as a listed company. There's been a lot of rumour surrounding Morse and I wonder who has been feeding the journalists with information. |
Posted at 30/1/2010 17:19 by chillwill Plenty of support from the bottom of the trend and 50&100 day moving averages.Forecast to be on a PE of 8.5 dropping to 7.5 the year after. Think the 55p rumour floating around would put the PE at 11.3 if they get expected EPS of 4.88p. Hardly an expensive purchase, i'd say that was fair value and adding a a premium for takeover of 20% would make 66p more sensible takeover price. That would mean paying £85m for a company expecting pretax of £10m+ to be met soon. ofcourse if a bid came through very soon, they wouldn't pay 60% premium on the share price as it is, but it's just an idea toward my idea of possible valuations. |
Posted at 17/12/2009 12:46 by kindlm Although shares in technology consultancy group Morse eased a penny to 373/4p, the boys in dark glasses were adamant they warrant closer inspection. Rumours continue to do the rounds that a US cash bid worth £71.5million or 55p a share will be launched this side of Christmas. The board received preliminary approaches at 25p a share in July, which they immediately kicked into touch, saying they 'significantly undervalued the company'. Effectively, that hoisted a For Sale sign above the group's Brentford headquarters. Out of pocket: Dubai developer Nakheel wheeled out a £2.2billion loss for the first-half of the year Sources now suggest leading shareholders led by Gartmore (28 per cent) and UBS (11 per cent) have agreed to sell their stakes to an American buyer, possibly Arizona-based Avnet, at a substantial premium to the prevailing market price. Analysts agree that Morse's days of independence are numbered. Its share price has been battered by the onset of the downturn and falling demand. The group must appear attractive to peers looking to expand in the UK or business services groups planning to expand its IT division. The Footsie fell 87.53 points to 5,223.13, tripped up by renewed fears about Dubai after credit rating agency Moody's cut the ratings of a raft of Dubai government-controlle Read more: |
Posted at 09/9/2009 08:05 by debbie shields Apart from the FINAL RESULTS from MOR....another RNS....re: Morse Management Consulting SaS TIDMMOR RNS Number : 7377Y Morse PLC 09 September 2009 ? 9 September 2009 Morse plc Morse Management Consulting SaS Morse plc ("Morse"), the IT services and technology company, announces that on 8 September 2009 it exchanged contracts for the sale of its majority shareholding in Morse Management Consulting SaS ("Morse France") to Yen Bay Partners, an entity owned by the current management of Morse France, Daniel Berlioz and Cyril Ferrieu.As such, the transaction is classified under the Listing Rules as a related party transaction and is therefore subject to, and conditional upon, the approval of the Morse's shareholders. Morse France is the only remaining part of the Investment Management Consulting business ("IMC", formerly known as CSTIM) which is classified as discontinued operations of Morse in the results for the year ended 30 June 2009 which are issued today. Morse France provides management consultancy services to the financial services sector. The Board of Morse has already announced that the IMC business is not core to the activities of the Group and has closed or sold its other sub-divisions. The disposal of Morse France will allow Morse to maintain its focus on the revised operational structure. The cash consideration of the sale is EUR150,000 (GBP131,000) which Morse will use for general corporate purposes. The gross assets being disposed of are GBP757,000, net assets of GBP161,000 and for the year ended 30 June 2009 the loss after tax attributable to the assets being disposed was GBP45,000. A circular will be sent to shareholders shortly, explaining the transaction in more detail and convening a General Meeting at which a resolution seeking shareholder approval for the sale will be proposed.The directors of Morse believe that the sale is in the best interests of Morse shareholders and they will be recommending that shareholders vote in favour of the resolution. Enquiries: +------------------- | Morse plc | Tel: 020 8380 8000 | +------------------- | Mike Phillips, Chief Executive Officer | | +------------------- | Guy Millward, Group Finance Director | | +------------------- | | | +------------------- | Financial Dynamics | Tel: 020 7831 3113 | +------------------- | Giles Sanderson | | +------------------- | Haya Herbert-Burns | | +------------------- This information is provided by RNS The company news service from the London Stock Exchange |
Posted at 19/8/2009 17:30 by debbie shields RNS Number : 7135XMorse PLC 19 August 2009 19 August 2009 Morse plc ('Morse' or 'the Company') End of Offer Period On 8 July 2009, in response to a movement in the Company's share price, the Board of Directors of Morse (the 'Board') was required to announce that it had received preliminary approaches from third parties in relation to acquiring the Company at a price of 25 pence per share. The Board indicated at that time that the preliminary approaches significantly undervalued the Group. The Board today announces that discussions have now been terminated. Each interested third party has acknowledged the termination of discussions and is no longer considering an offer for the Company. Accordingly the Company has ceased to be in an 'offer period' for the purposes of the City Code on Takeovers and Mergers. Morse has previously announced that its preliminary results for the year ended 30 June 2009 will be released on 9 September 2009 and that Adjusted EBIT (Earnings Before Interest, Tax, Trading Balance Releases and Exceptional items) for that year will be towards the upper end of Analyst expectations. Trading for the current year is in line with management expectations and ahead of the same period last year. Enquiries Morse plc Tel: 020 8380 8000 Mike Phillips, Chief Executive Officer Guy Millward, Group Finance Director Investec Tel: 020 7597 4000 Andrew Pinder Patrick Robb Financial Dynamics Tel: 020 7831 3113 Giles Sanderson Haya Herbert-Burns Nicola Biles Investec, which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting exclusively for Morse and no one else in connection with matters described in this announcement and will not be responsible to anyone other than Morse for providing the protections afforded to clients of Investec nor for providing advice in relation to matters described in this announcement. This information is provided by RNS The company news service from the London Stock Exchange |
Posted at 08/7/2009 13:45 by flyingswan RNS Number : 3377V Morse PLC 08 July 2009 8 July 2009 Morse plc ("Morse" or "the Company") Statement re Media Speculation The Board of Morse plc (LSE: MOR) notes the recent media speculation and confirms that it has received preliminary approaches at 25 pence per share which the Board believes significantly undervalues the Company. These preliminary approaches may or may not lead to an offer being made for the Company. There can be no certainty that an offer will be made. Morse plc will be issuing a pre-close trading update tomorrow (9 July 2009) ahead of its preliminary announcement of results for the year-ended 30 June 2009 which is scheduled for 9 September 2009. In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Morse confirms that it has 129,867,538 ordinary shares of 12.27 pence each in issue (of which 82 ordinary shares are not listed). The International Securities Identification Number for the Morse ordinary shares is GB00B288B731. Enquiries |
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