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SPT Spirent Communications Plc

185.60
-0.40 (-0.22%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Spirent Communications Plc LSE:SPT London Ordinary Share GB0004726096 ORD 3 1/3P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -0.22% 185.60 974,775 16:35:17
Bid Price Offer Price High Price Low Price Open Price
185.60 186.00 188.00 185.30 188.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Equip, Nec USD 474.3M USD 25.2M USD 0.0435 42.74 1.08B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:53 AT 4,572 185.60 GBX

Spirent Communications (SPT) Latest News (10)

Spirent Communications (SPT) Discussions and Chat

Spirent Communications (SPT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:53185.604,5728,485.63AT
15:35:17185.60234,336434,927.62UT
15:25:09185.901018.59AT
15:24:59186.80105196.14O
15:24:16185.801,1472,131.13AT

Spirent Communications (SPT) Top Chat Posts

Top Posts
Posted at 23/5/2024 09:20 by Spirent Communications Daily Update
Spirent Communications Plc is listed in the Communications Equip, Nec sector of the London Stock Exchange with ticker SPT. The last closing price for Spirent Communications was 186p.
Spirent Communications currently has 578,646,363 shares in issue. The market capitalisation of Spirent Communications is £1,075,703,589.
Spirent Communications has a price to earnings ratio (PE ratio) of 42.74.
This morning SPT shares opened at 188p
Posted at 03/5/2024 08:57 by dplewis1
Well this seems odd.. Deutsche Bank initiates coverage with buy rating and 240p price target
Posted at 17/4/2024 22:53 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 17/4/2024 15:25 by marme
Stock price has traded almost 10% below acquisition price, doesn’t seem normal. Assume it’s large investors cashing out and investing elsewhere.
Posted at 12/4/2024 02:08 by marme
Any idea why the stock has been dropping well below the acquisition price?
Posted at 30/3/2024 10:49 by erbullion
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
Posted at 28/3/2024 12:45 by steeplejack
3 quid is perhaps ambitious!The price is suggesting that the fun might NOT be over.Yet again (as with the Viavi bid)you'd expect a bid price at a few pennies discount to the value of the offer to reflect early receipt of monies if you sold in the market.Not the case.
Posted at 06/3/2024 13:17 by masurenguy
Spirent takeover deal has a feel of short-termism
The 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 11:40 by 1knocker
This looks like a done deal to me.

Well done those who have bought recently.

I sold out in 2019 at 205 with a cracking profit, and bought 20% back in March last year at 179, so i shall be very slightly down on that repurchase even after the 2 2023 dividends, and the proposed 2.5p final.

It is a toss up whether to sell now or wait. I shall probably wait, and sell only if and when I want the money fror some other investment. I hope I shall not live to regret waiting, but as I say it looks a done deal to me.

Spirent has been a very well run company, and in time the profits and share price should have recovered. It is a great shame that it should be taken over at what should be the bottom of its fortunes, though I note that the management seem pretty downbeat about the short term trading outlook.

The galling part is that I very nearly toped up at 108 only days ago, but decided to hold off in the hope of a tech pull back and a 100p price!

One must admire the tightness of the two ships though. The market seems not to have got any wind of this until the deal was announced.
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 2006

Summary

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 29/11/2023 07:06 by hamhamham1
This is 200-300p share price value company all day long!!!
(And regarding the delays in teclo spending, its just that, delays, they need to spend the money on the services, so it will just come in more lumpy in the future to make up for the recent lower levels).
The share price is down nearly two-thirds based just upon some telcos lower spending over past year or so.
PATIENCE WILL BE REWARDED.
Spirent Communications share price data is direct from the London Stock Exchange

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