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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Spirent Communications Plc | SPT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.40 | -0.21% | 186.00 | 16:35:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 186.90 | 185.60 | 186.90 | 186.00 | 186.40 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 02/08/2023 | Interim | GBP | 0.0214 | 10/08/2023 | 11/08/2023 | 15/09/2023 |
| 07/03/2023 | Final | GBP | 0.0412 | 16/03/2023 | 17/03/2023 | 10/05/2023 |
| 04/08/2022 | Interim | GBP | 0.0216 | 11/08/2022 | 12/08/2022 | 16/09/2022 |
| 10/03/2022 | Final | GBP | 0.0334 | 17/03/2022 | 18/03/2022 | 10/05/2022 |
| 05/08/2021 | Interim | GBP | 0.0172 | 12/08/2021 | 13/08/2021 | 17/09/2021 |
| 11/03/2021 | Special | GBP | 0.053956 | 18/03/2021 | 19/03/2021 | 30/04/2021 |
| 11/03/2021 | Final | GBP | 0.02784 | 18/03/2021 | 19/03/2021 | 30/04/2021 |
| 06/08/2020 | Interim | GBP | 0.016692 | 13/08/2020 | 14/08/2020 | 11/09/2020 |
| 05/03/2020 | Final | GBP | 0.027 | 12/03/2020 | 13/03/2020 | 01/05/2020 |
| Top Posts |
|---|
Posted at 17/1/2025 10:49 by martinmc123 3*Spirent Communications, the leading provider of automated test and assurance solutions for next-generation devices and networks, issued a decent Trading Update for the financial year ended 31 December 2024. Performance ticked up through the second half of the year in early signs of a market recovery. Revenue growth in the fourth quarter, and for second half of the year was 5 per cent, resulting in full year revenue at approximately $460 million...from WealthOracle wealthoracle.co.uk/d |
Posted at 17/4/2024 21:53 by marme Sorry, meant to write 10p not 10%.Purchase price with special dividend as I recall is 201.5P. It’s been more like 9P, not off by much. |
Posted at 28/3/2024 10:55 by wall street trader do you have to hold til purchase if your shares to get the special dividend ? |
Posted at 06/3/2024 13:17 by masurenguy Spirent takeover deal has a feel of short-termismThe British tech firm is hardly selling up to its bigger US rival Viavi at a stock market high Sometimes, even a 61.4% premium doesn’t look overly generous. Spirent has just become the latest mid-cap company to join the London market exodus — recommending a 175p-a-share cash takeover from America’s Viavi, worth just over £1bn. You can see why the board, chaired by Sir Bill Thomas, agreed to it. How could they not put that offer to shareholders, even if the premium isn’t quite as good as it looks? The price includes a 2½p special dividend investors were getting anyway. Yet, despite the shares leaping 63% to an above bid 177p, Spirent’s hardly selling up at a stock market high. Rewind to January last year and the shares were topping 281p. The problem? Last year was one to forget for a group that tests, measures and and analyses kit for telecoms companies, cybersecurity outfits and, lately, the providers of cloud services. Telecoms makes up about 70% of Spirent’s sales, after some rocky trading updates, is last year’s figures: sales down a fifth to $474m, with adjusted operating profits falling 65% to $45.2m. Worse, the board expects a tricky telecoms sector “to last through 2024 and, potentially, into 2025”. Spirent’s advisers Rothschild and UBS called the deal “fair and reasonable”. And the board’s decision has a logic of sorts. All the same, even after the group’s below consensus half-year figures last August, UBS analysts retained their 244p price target — not cutting to 169p until October. The take-out earnings multiple of 29 times is off 2023’s depressed profits. Complete article: US rival eyes Spirent for £1bn takeover The FTSE 250 technology group has been offered an all-cash deal from Viavi Solutions Spirent Communications has a takeover target as its board agreed to back a £1bn offer from an American rival. The FTSE 250 technology group said the all-cash offer from Viavi Solutions recognised the underlying value of the business and delivered an attractive outcome for investors. Viavi’s offer at 175p a share represents a 61% premium for the business, and prompted Spirent’s shares to jump by 63.3%, or 68½p, to 177p. Sir Bill Thomas, chairman of Spirent, said the “all-cash offer recognises the underlying value of Spirent”. Viavi is a telecoms business listed on the Nasdaq in New York,and its deal is partly funded with $400m in cash from Silver Lake, a US private equity firm. Spirent said that the combined group could deliver annual cost savings of up to $75m. The announcement said: “[Viavi] anticipates that cost synergies will be achieved through the elimination or reduction of functions and expenses which have historically been related to Spirent’s status as a listed company that will no longer be required due to Spirent ceasing to be a listed company.” Graham Simpson, at Canaccord Genuity, said the offer was “at the bottom end” of any possible range of bids, and that Viavi was taking advantage of the profit warning issued by Spirent in October. “The offer is not particularly generous and strikes us as opportunistic given Spirent was trading at the 175p offer level 9 months ago, although that was before the October profits warning,” Simpson said. Complete article: |
Posted at 05/3/2024 09:08 by tomboyb Used to trade SPT 10-15 years ago -Well done those who bought on lows - |
Posted at 05/3/2024 08:18 by wall street trader Well my £1.03 buy has worked out well but am a little disappointed as this was gonna be a long term hold - so I have to hold out til the actual purchase to get the special dividend ? |
Posted at 05/3/2024 08:18 by weaverbeever How long will this takeand when would we get the 2.5p dividend? Also what's chances of counter offer? |
Posted at 05/3/2024 07:19 by masurenguy RECOMMENDED CASH ACQUISITION of Spirent Communications plc ("Spirent") by Viavi Solutions Acquisitions Limited ("Bidco") to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006Summary The boards of Viavi, Bidco, and Spirent are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Spirent by Bidco. It is intended that the Acquisition be effected by means of a scheme of arrangement under Part 26 of the Companies Act (the "Scheme" or "Scheme of Arrangement"). · Under the terms of the Acquisition, each Spirent Shareholder shall be entitled to receive: 175 pence for each Spirent Share held (the "Acquisition Value"). The Acquisition Value comprises, for each Spirent Share: o 172.5 pence in cash (the "Acquisition Price"); and o a special dividend of 2.5 pence per Spirent Share, in lieu of any final dividend for the year ended 31 December 2023 (the "Permitted Dividend"). The Acquisition Value represents a premium of approximately: o 61.4% to the Closing Price per Spirent Share of 108.4 pence on 4 March 2024 (being the last Business Day prior to the publication of this announcement). |
Posted at 05/3/2024 07:18 by slopsjon2 Plus 2.5p special dividend, making the offer 175p |
Posted at 20/1/2024 19:02 by reddirish Acquired by whom? It is an industry with few players, so any trade acquisition would fall foul of competition authorities in at least one or two big jurisdictions. Private equity will certainly have had a look, but found a well-managed business with few cost cutting opportunities (and no trade sale exit option) albeit with low debt, so a few years of cash extraction possible. I'm a long term holder, and expect this to remain in my portfolio for some time.As an aside, SPT was my first 10 bagger, when I first bought £5k worth at 5p after the dot com crash and sold out at 50p, kick starting my ISA. Those were the days.... |
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