Spirent Communications Share Discussion Threads

[tetris10] 15/12/2005 11:13

6.5 mill X trade @54.75

some one is buying this puppy

[sunnysonecha] 15/12/2005 11:04

Halo here we come 70p by year end !!! Dont keep blnking you will miss it

[lyntwyn] 15/12/2005 10:55

not even a pension deficit!!

[tetris10] 15/12/2005 10:53

looks as if we will have 90 million in cash and a debt free company

[pdriccio] 15/12/2005 10:35

55p looking good for today.

[tetris10] 15/12/2005 10:29

mixture of both i bet there are no covenants on the loan notes and a 47 million def on the pension is not that big

so neither has to be paid

[unknown trader] 15/12/2005 10:25

market seems to have digested the news and is moving forward..
55p could be on today?

[unknown trader] 15/12/2005 10:24

yes its possible this may bring out an outright bid
with or without ht..

[pdriccio] 15/12/2005 10:23

Tetrsisio. Why? for the cash or the business?

[desperate dan] 15/12/2005 10:23

Seems to be very much a case of putting the financial house in order in the short term - and in that respect, appears to be a good deal. Fundementals will look considerably better.

Not so sure where it places SPT in the longer term though.

[tetris10] 15/12/2005 10:21

have a feeling spirent will now be a target before any agm to ratify this deal

[unknown trader] 15/12/2005 10:19

i tend to agree so will hold...

[tetris10] 15/12/2005 10:18

looking strong on the order book

pD agree

[pdriccio] 15/12/2005 10:17

Crazy to sell at mo. Great price for HT. Strong balance sheet.Reduced losses. Earnings in line with expectations. Buy back. I'm holding for 55p

[tetris10] 15/12/2005 10:15

still holding

[deeppockets] 15/12/2005 10:12

where's then 80p target coming from now - could someone else come in for the rest?

[lyntwyn] 15/12/2005 10:12

Surely you don't get type error in this sort of announcement! Sounds like a special div & buyback to me.


Apart from returning a part of the money to shareholders Spirent intends to
use the proceeds to buy back up to 50 mln stg worth of company shares and repay
outstanding loan notes of 70.4 mln stg.
It also plans to make a special contribution into its UK final salary
pension scheme of 47 mln stg, being the most recent estimate of the deficit in
accordance with IAS 19.
[e-mail]

[unknown trader] 15/12/2005 10:11

are you still going to hold tetris?
i did say i would sell at 52p but missed it earlier. L2 looking fairly strong
and could go up a few points tomorrow as well...

[pdriccio] 15/12/2005 10:08

Think the 5p will be built into the price very quickly!

[tetris10] 15/12/2005 10:05

do not think so type error i suspect

what this may do is bring out any venyure caps that may have been vuilding a stake

[unknown trader] 15/12/2005 10:03

dont quite get this bit...
`Apart from returning a part of the money to shareholders Spirent intends to
use the proceeds to buy back up to 50 mln stg worth of company shares and repay
outstanding loan notes of 70.4 mln stg.` update on afx news

are they going to give a divi as well as a buy back?

[tetris10] 15/12/2005 09:54

agreed but i would have preffered a special divi of 5p

[unknown trader] 15/12/2005 09:51

price above consensus of 260m...lets see what the `analysts`
make of this? goldman sucks gave spt a valuation of 50p sum of parts
in october!

[tetris10] 15/12/2005 09:25

is this good bad or ugly

cant tell nor it seems can the market

288 million is a good price

[fouroaks] 15/12/2005 09:11

Tetris - I detect an air of sarchasm!