Spirent Communications Share Discussion Threads

[steeplejack] 02/12/2024 09:05

Grinding slow commitment to meet regulatory requirements to get approval for bid in various countries but it looks to be on track for completion by the end of April 25

[jimee] 21/10/2024 08:46

No sign of the "deal closing".

[indiestu] 15/8/2024 08:45

I'm rolling the dice. There's 16 percent here in 6-8 weeks if the deal closes. Can't see why it wouldn't go through but could be wrong of course.

[danb45] 26/7/2024 18:07

what's going on here ? market must think think bid won't go through

[dplewis1] 04/7/2024 07:13

Quite a few of these form 8.3's are funds adding to long positions. Seems institutional money getting in for their 10% uplift to 202p

[erbullion] 03/7/2024 09:22

Morgan Stanley up their position

[kiwihope] 03/7/2024 07:06

Price is now quite a bit below offer. Market must think deal won't complete due to watchdog investigation or something else...

[dplewis1] 24/5/2024 09:52

It's not clear from the documents. There's a long stop date in September which it has to close by, but there was a GM on the 22nd May - I assume it will close well before the September date

[indiestu] 24/5/2024 08:31

When is the deal meant to close?

[indiestu] 24/5/2024 08:27

Could be a quick 10% here if you had the balls

[deanowls] 24/5/2024 07:25

No bidding war then. Difference to TO price around competition watchdog?

[dplewis1] 24/5/2024 07:23

Well, it is now 10% .. quite a strange outcome unless something is off with the deal.

[dplewis1] 03/5/2024 07:57

Well this seems odd.. Deutsche Bank initiates coverage with buy rating and 240p price target

[marme] 17/4/2024 21:53

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.

[dplewis1] 17/4/2024 16:45

It's about 5p below.. that ain't 10%

[marme] 17/4/2024 14:25

Stock price has traded almost 10% below acquisition price, doesn’t seem normal. Assume it’s large investors cashing out and investing elsewhere.

[liam1om] 12/4/2024 08:22

Around 5p under. Pretty normal for a stock to be trading slightly under. The market is not expecting a counter offer at the moment, but that can change. I'm still expecting a higher offer to materialise.

[marme] 12/4/2024 01:08

Any idea why the stock has been dropping well below the acquisition price?

[erbullion] 30/3/2024 10:49

The article ends with analysts saying shareholders should hold out for more money.
Numis saying shareholders should not sell for less than £240 per share

[hamhamham1] 30/3/2024 07:25

Odd article in The Times today...

The original bidder for Spirent Communications is sticking with its £1 billion offer for the British telecoms testing group because it thinks that competition regulators could step in and thwart its rival.

[britishpenguin] 29/3/2024 12:40

Assuming its new tech is solid, Spirent looks like a v nice addition still currently v cheap, so can imagine a bidding war with other potentials - £3 (£240!) or higher not unimaginable. Can hope/dream, anyway!

Current timing and VIAVI opportunistic, with Spirent demand/market in a good place to build/recover over next 9-18mths, assuming proposition solid. Centre of gravity has already shifted to US, and stronger commercial nous could make a massive difference.

Not sure how far VIAVI can stretch unless backers front up but Keysight much bigger and Spirent cloud/SaaS offer presumably appealing both as bolt-on and to keep away from others. Could get really interesting if likes of Cisco or other major vendor makes a play but a lot of that group currently cowed, and not sure the hotter tech, services or web players in right place yet for something like Spirent.

Not clued up on potential of US/Federal bits.

I had high hopes for Spirent (£5+) before leaderhip and macroeconomic environment tripped it up so badly, and as always feels sad that UK struggles to house/grow something so interesting. Makes wonder where it would be if on Nasdaq, including if it was more speculative 'growth' and not such a solid outfit...

[erbullion] 29/3/2024 09:29

In The Times today Numis analyst says £240 a share wouid represent fair value

[rideacockhorse] 28/3/2024 13:27

There are 3 things that are certain in life: death, taxes and an increased bid from VIAVI.