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SAG Science Group Plc

407.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Science Group Plc LSE:SAG London Ordinary Share GB00B39GTJ17 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 407.00 400.00 414.00 407.00 407.00 407.00 4,186 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 98.82M 10.56M 0.2322 17.53 185.02M
Science Group Plc is listed in the Business Consulting Svcs sector of the London Stock Exchange with ticker SAG. The last closing price for Science was 407p. Over the last year, Science shares have traded in a share price range of 368.00p to 435.00p.

Science currently has 45,458,972 shares in issue. The market capitalisation of Science is £185.02 million. Science has a price to earnings ratio (PE ratio) of 17.53.

Science Share Discussion Threads

Showing 576 to 600 of 1200 messages
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DateSubjectAuthorDiscuss
05/3/2012
10:18
i am sure they have but would be staggered of the full amount is taken up.
oregano
05/3/2012
10:11
By 'support' I mean why would you sell for less than 80p when management are offering you 80p to buy them back from you? Currently they are offering to take on almost 25% of the shares in issue at that price.

Essentially I see it as a share buyback at a fixed price, I do wonder if an II (or large investor) has leant on management to do something like this to give them an opportunity to exit.

greenroom78
05/3/2012
10:09
If there is enough demand to sell at 80p presumably applications will be pro-rata (tho it's not made clear AFAICS) therefore I don't see why there is any "support" at any level.
britishb
05/3/2012
10:09
it is a sensible strategy. the lower they can clear out sellers, the more it benefits shareholders who remain. Pertinantly management are not selling any. It will be interesting to see how many people take up the offer.

personally i'd agree with others who preferred a decent sustainable yield.

oregano
05/3/2012
10:02
Because management have essentially placed a 10m 'buy' order in at 80p. Therefore if you buy now at 83.5p you can do so with the comfort of knowing that you can get 80p back for them as a minimum. Limits the risk somewhat (IMO).
greenroom78
05/3/2012
09:56
Greenroom, you say "The tender offer does provide support to the current price".

Why? How? If you please!

britishb
05/3/2012
09:41
Thanks GR78, ignore my email.
bones30
05/3/2012
09:19
The tender offer does provide support to the current price and 'should' underpin the price at these levels. It 'should' provide confidence to PI's and new investors that the price will remain supported at 80p but does not provide a return unless they sell their holding. A dividend of 15-20p would've given a return but most likely at the expense of a drop in capital value, I guess the other option would've been to introduce an annual dividend with a decent yield of 5% and make it clear that while cash is strong the dividend will be progressive.

IMO The 80p should not be seen as what the company values itself at, more of an opportunity for large holders to sell in size. I guess the way to look at it is if you want to sell in size it would either take a long time or crash the market so this does provide liquidity for those otherwise locked into their holding. The 80p offer is not really for PIs unless they have a large holding.

greenroom78
05/3/2012
09:12
Concur wth the reasoning here and out this am.
cestnous
05/3/2012
09:04
I don't suppose many PIs are very pleased. Errr would you like to wake up to news of a big fat special divi or a tender offer way below market price?

Sort of thing that could make PI's desert in droves, no?

britishb
05/3/2012
09:01
If you can get away will buying back your stock cheap from Instis, then why not do it??
stegrego
05/3/2012
08:49
What a bizarre tender? All sounds a bit iffy to me tendering way below market price. As someone said, surely a divi much better.

Put a very bad smell in my nostrils....

britishb
05/3/2012
08:38
agree - the tender just lets big holders out at a discout - it also increases the eps which is good.

I sold a chunk tho. Weak response and there's a little nag there that Ratcliff already has 29% and if they do tender that whole lot and cancel them then his stake rises further. Not altogether happy when there are holders over the mandatory 30% even if there's a whitewash agreement for him not needing to bid.

will hold the rest - looks like you can get 80p bare minimum anyway now so a good return for those in way lower and the big holders in particular if they want to release any.

CR

cockneyrebel
05/3/2012
08:37
There is a big advantage to the tender going forward, if they can remove 25% of the share register then EPS figures will be boosted going forward. Problem is they were being a little greedy and offered them at a discount so the market sees 80p and the price is then drawn towards that level. Personally I'd would've rather them have issued a special divi of 15-20p/sh
greenroom78
05/3/2012
08:32
Sold out at the open fortunately, more cautious outlook and would have preferred a special dividend.

ic2...

interceptor2
05/3/2012
08:30
if anything it would relieve any potential overhang for the future - surely cap'n !
ukinvestor220
05/3/2012
08:29
yes i can see the advantage for the insti. and if you want to dump a load of stock in an illiquid co you have to take a fair bit less than the current price. so i dont think that offering 80p as a non mandatory get out devalues the current market price.
ukinvestor220
05/3/2012
08:21
Small PIs aren't keen on tender, but it will let out some insti that bought at 40p would have no chance of ever selling a decent wedge.
stegrego
05/3/2012
08:21
I sold out as H2 performance was poor compared with H1.
mickharkins1
05/3/2012
08:18
Nice results but a lot of it was already known, will be good to see what brokers comments are.

Market not keen on the tender offer, maybe a 'buyback' or big dividend would've been a better (more welcomed) use of the £8m?

greenroom78
05/3/2012
08:08
Decent results, but I still sold the remainder of my holding bought at 40p.
Looks up with events to me but WTFDIK.
Good luck.

stegrego
05/3/2012
07:40
Very nice indeed. Wouldn't be surprised to see this race through 100p this morning
shammytime
05/3/2012
07:05
As expected very good results

----------------------------------------------------------------------------------------------------



Summary:


-- Revenue growth of 13% to GBP23.6 million (2010: GBP20.8
million).
-- Operating profit increased by 54%. Profit before tax increased
by 55%.
-- Profitability in-line with upgraded market expectations.
-- Operating profit of GBP3.9 million (2010: GBP2.5 million).
-- PBT from continuing operations at GBP3.3 million (2010:
GBP2.2 million).
-- Net income from continuing operations of GBP3.3 million
(2010: GBP2.3 million).
-- Diluted EPS from continuing operations of 7.3p (2010: 6.8p).
-- Strong balance sheet with gross cash balance at 31 December
2011 of GBP21.2 million (2010: GBP16.4 million) and net
funds of GBP14.1 million (2010: GBP8.6 million).
-- Proposed tender offer to return up to GBP8 million to shareholders
at 80 pence per share.

----------------------------------------------------------------------------------------------------------------

Th.

theophilus
03/3/2012
18:26
Glad to finally see SAG awaken from its deep slumber. I must admit i did very nearly sell a few of my holding as i was so bored waiting for this to move. Pleased i held on in the end. Results should look good on Mon.
cfro
03/3/2012
15:25
Looking forward to Mondays results, should make interesting reading when the following is considered.

First results to see no major dilution, 41,723m shares used last Interims for basic EPS and 44,666m shares for diluted EPS. Previous finals and interims = 33,011m and 24,707m shares respectively.

Last finals SAG had tax credits of £9.0m, and after the last interims appx £8.475m left, which will last for a few more years yet and add quickly to the net cash.

Net cash = £10.1m last Interims, appx 24.2p a share.

£12.0m plus? on monday. 29.0p a share?

ic2...

interceptor2
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