Shearwater Share Discussion Threads

[abcd1234] 28/6/2010 07:08

full RNS can be found here:

[zangdook] 28/6/2010 07:08

Yes! £2.10!

[abcd1234] 28/6/2010 07:04

Result!...a warren buffet moment!...

210p cash offer....what a start to the week :O)))




~~~~~~~~~~~~~~~~~~~~~~~~~
Recommended Cash Offer for Scott Wilson Group plc


RNS Number : 3172O

28 June 2010

Summary
The boards of directors of Scott Wilson and URS are pleased to announce that
they have reached agreement on the terms of a recommended cash offer, to be made
by Universe Bidco Limited, for the entire issued and to be issued share capital
of Scott Wilson. It is intended that the Offer will be implemented by way of a
court-sanctioned scheme of arrangement under Part 26 of the 2006 Act.
Under the terms of the Offer, Scheme Shareholders will receive 210 pence in cash
for each Scott Wilson Share, valuing the entire issued and to be issued share
capital of Scott Wilson at approximately GBP161 million. A Loan Note Alternative
will be made available.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

[d0ubtf1re] 25/6/2010 12:23

INDOMIE - My birthday is 29th also, as my son would say "What a Coinlidinks"!
Congrats,

[wcjan26] 25/6/2010 08:53

"better cultural fit" with the americans?

that must be a first!

[dnfa1975] 25/6/2010 08:49

180p was original float price and that would be a nice prezzie

[indomie] 24/6/2010 17:56

would be amazed if there wasnt a mention and would expect an indication of price expectations, even if final details took a short while longer to nail down.

my b'day is the 29th so hope i get a nice pressie ;-p

[spot1034] 24/6/2010 11:31

I'd completely forgotten that results are due out on Tuesday, and am beginning to wonder whether that will also be the day we finally get some news.

[dnfa1975] 24/6/2010 11:21

softly softly catchee minkey

[spot1034] 19/6/2010 18:26

It all looks promising - two firms in talks, and still the possibility that one of the rejected suitors could come in with a hostile bid if any agreed price is seen to be at less than fair value. Fingers crossed!

[rik shaw] 18/6/2010 22:32

Latest Building Magazine article

[indomie] 18/6/2010 17:34

only SWGs advisors will have a full picture of the bid situation (and likely prices). With the FSA crackdown on insider dealing, I just think current price reflects no one really knowing the take out price for this share and those that do, having to be careful as the relatively few trades that take place in this stock are likely to be monitored.

[yoyoy] 17/6/2010 17:04

...and if no bid happens now or in the near future that expectation evaporates.

[dickbush] 17/6/2010 13:40

Even if no bid happens I don't see this going back to 80p-unless the whole market takes a dive. I agree with Indomie that, now SWG has shown it IS willing to talk about being acquired, the market is going to price it in the expectation of some sort of deal in the not-too-distant future.

[yoyoy] 17/6/2010 13:38

zangdook,

why? the share price is currently below 120p.

How do you know it will be rejected?

[zangdook] 17/6/2010 13:34

yoyoy - 17 Jun'10 - 12:51 - 1169 of 1171

If one drops out then the takeover price will be around the 120-125p.
---------

Silly comment. Anything like that would be rejected.

[yoyoy] 17/6/2010 13:09

You only have a one-eyed view

[philjeans] 17/6/2010 12:57

No - don't panic yet.

It's just that there are no leaks and bored and impatient punters are jumping ship.

I'm confident this will be worth waiting for.

[yoyoy] 17/6/2010 12:51

This is not good news - the price should not be falling at this stage of a bid, it should be stable. If neither bidder decides to continue then the price will fall to below 80p. If one drops out then the takeover price will be around the 120-125p.

[indomie] 16/6/2010 21:04

i also agree with spot - if SWG weere to go to a big rival then that has implications for HYC and other small and medium sized players, so would expect a fair few advisers to be doing some sums. in the event a takeover doesnt materialise now, i would expect some sort of transaction (merger, JV or takeover of a rival) to emerge from these talks now that SWG has show some willingness to engage in corporate activity.

[indomie] 16/6/2010 21:00

another big plus for SWG this week is the announcement that Crossrail will be built in full and hopefully the firm can pick up work on the promised high speed rail link too.

[indomie] 16/6/2010 16:31

SWG floated at 1.58p and £112m I believe back in 2006 - and the business is in much better shape since then. The number of shares in issue then was just under 71m, barely changed too. I still think a takeout price needs to be up towards £2, dependant upon synergies and a bidding contest - the stock market has never valued this company properly.

[spot1034] 16/6/2010 13:42

I doubt very much any hike in CGT would happen mid-year, and taxes are very rarely applied retrospectively. I think the inevitable rise will come in next April, which will give people the chance to sell before then and pay any CGT due at the present rate, which might well bring in more revenue as assets which might previously have been retained are disposed of to crystalize the gain.