Synergia Energy Share Discussion Threads

[octopus100] 09/8/2004 09:06

Well since I bought these on the back of the directors buying in its been a rough ride. Checked out this morning. Its been real. Good luck to everyone who owned/owns this.

[maut too] 09/8/2004 08:55

:-)) ... the pricing situation did look strong when compared with the rest of the market ... looks like a done deal

[maut too] 09/8/2004 07:18

Well here we go ... a £ it is ... was already in profit and therefore looks good to me but could look better maybe



CAS Synstar : Recommends #162.9m Hp Offer
09-Aug-2004 07:13
Hewlett-Packard Global Investments, or
HP BV, said today that the boards of HP
BV, a wholly owned subsidiary of
Hewlett-Packard Company, and Synstar
announce the terms of a recommended
cash offer to be made by Merrill Lynch,
on behalf of HP BV, for the entire
issued and to be issued share capital
of Synstar.
The Offer will be 100p in cash for
each Synstar Share, valuing the
existing issued share capital of
Synstar at approximately #162.9m.

More to follow...

ICV Edited News from Dow Jones
0613 GMT Aug 09 2004

[maut too] 09/8/2004 00:25

HP in takeover talks with Synstar

Richard Wray
Monday August 9, 2004
The Guardian

IT services and software firm Synstar is today expected to admit it is in talks with Hewlett-Packard over a takeover which could value the Berkshire-based business at around £160m.
Hewlett-Packard is looking to increase its European footprint with the deal and move further into the IT services space. Synstar, based in Bracknell, provides corporate customers with everything from basic software support to restoring entire IT networks through its disaster recovery centres.

In June it reported half-year, pre-tax profits of £2.2m, down from £3.7m with sales of £103m up less than analysts had forecast. The company was upbeat about its prospects, however, having secured its largest ever contract in September. The seven-year maintenance deal with Fujitsu is worth £200m.

Synstar's board is believed to be looking for HP to offer around 100p per share which would value the business at £160m. The shares, which were valued at more than 240p during the dotcom boom, closed at 78.25p on Friday. Synstar refused to comment.

But talk over the weekend that computer games software Eidos is close to a takeover is understood to be somewhat premature. There was speculation that French computer games company Ubisoft is considering an offer for the creator of Tomb Raider's Lara Croft at 150p per share. The bid would value Eidos, which has run into difficulties after a string of profit warnings, at about £215m.

Yves Guillemot, chairman of the French computer games company, has said in the past that Eidos is an "attractive and interesting company" but Eidos is understood to be assessing expressions of interest from several other potential bidders.

US groups Electronic Arts, Activision and Microsoft are all rumoured to be interested. Infogrames Entertainment, which dropped out of talks with Eidos four year ago, is reportedly not considering an offer.

·Internet Business Group is today expected to announce that Cornell Capital Partners has agreed to provide the AIM-listed e-commerce minnow with up to £500,000. The share-backed credit line will be used to invest in IBG's current business.

[timtom2] 08/8/2004 16:35

Great news but only a 20% premium given the chance of earnings growth as Fujitsu contract kicks in does sound a little on the low side ?

[grossone] 08/8/2004 10:02

hahahahah,
so this is where the successful businessman- thrice retired millionaire spends his Sunday mornings, mauTToo, you are a tragi-comic figure of the highest order- where is the wife and family you boast of, the fab. women, the sports cars, the world traveller?.
Nothing but a pathetic wee man, sat in his attic, friendless, penniless,boasting via hundreds of aliases, and the saddest part accusing others of posting 24/7,when only you do.
I really feel terribly sorry for you mauTToo,I honestly do, no emotion, [never cried] obviously never go beyond your PC, paranoid, never wrong in your twisted schizophrenic persona, your sort of illness deserves far more help from the state, I would seek help as soon as possible.
Right that is my good deed for the day, off out now with the family, bloody hell its great to be normal, poor old mauTToo, poor sad lonely lost creature

offski

[maut too] 08/8/2004 09:45

Hewlett-Packard to buy £160m Synstar
By Andrew Murray-Watson (Filed: 08/08/2004) S Telegraph


Hewlett-Packard, the US computer group, is in talks to buy Synstar, the listed information technology services company, for about £160m as part of a plan to expand its European operations.



The two sides are in detailed talks about the exact terms. The Synstar board is understood to be demanding that HP pays a premium at least 20 per cent above the current share price of 79p. An offer at 100p per share would value the company at £163m.

The takeover, which is expected to be announced within the next fortnight, marks the latest step in HP's plans to become a service-led company.

Steve Vaughan, the chief executive of Synstar who took over in 2001 when the share price stood at just above 50p, will make £1.4m from his options as part of the takeover.

Synstar, which specialises in providing desktop management and business recovery systems, is a good fit for HP, which has more than $10bn (£5.5bn) in cash and is known to be hunting for acquisitions in the UK and Europe.

Synstar is likely to be merged into HP's technology solutions group, which offers software, hardware and services packages for corporate clients. The division accounts for 40 per cent of HP's revenues, which hit a record $73.1bn in the last financial year.

Synstar, which was spun out of the IT department of Granada in a management buyout, beat analysts' expectations in June when it posted interim pre-tax profits of £2.2m.

[maut too] 03/8/2004 07:54

candlesticks look encouraging

[chrissey] 03/8/2004 07:49

A bit more tightening on the spread will wake this one up properly!

[maut too] 27/7/2004 14:29

CAS Synstar : Holding in company
27-Jul-2004 14:23
Name of company
Synstar Plc

Name of shareholder
Platinum Investment Trust PLC

Class of security
Ordinary shares of 1p each

Date company informed
Jul. 26, 2004

Total holding following this
notification
5,000,000

Total percentage holding of issued
class following this notification
3.07%

ICV Edited News from Dow Jones
1323 GMT Jul 27 2004

[chrissey] 20/7/2004 07:49

I agree and would propose that this is just a precursor to one of more contract win announcements, once finalised and secure.

It isn't really insider dealing, it is just the rational asumption that if any of the pipeline contracts come to fruition then the value of the Co. will rise and the shares will represent an even better investment.

There is always bid speculation as well.

IMHO of course!

[timtom2] 19/7/2004 21:44

They wouldn't have changed broker if the last lot were doing the business and getting the Syn story out to clients - would they? Probable Syn management were disappointed with stock price performance given the turn around they have achieved. This recent rally may not be temporary but the start of the recovery.

[vino1] 19/7/2004 19:40

Recent rises are clearly down to the new broker recommending it to clients and todays announcment. Question is how long will this rally last on the back of a broker change or is there more to it?

[maut too] 19/7/2004 14:59

CAS Synstar : Names new broker/adviser
19-Jul-2004 14:58

Synstar announced the appointment of
Investec Bank as the company's
financial adviser and corporate broker
with immediate effect.

ICV Edited News from Dow Jones
1358 GMT Jul 19 2004

[maut too] 19/7/2004 14:46

this tends to be an institutional share and will depend on the brokers to a large extent

[brizo83] 19/7/2004 14:41

i bought these on the back of a tip really and when i was discussing they said 100p but i feel that might be a bit away

[octopus100] 19/7/2004 14:17

Wow - maybe the directors were right after all - does anyone have a price target for these things?

[brizo83] 19/7/2004 14:13

nice bit of movement today

[boadicea] 13/7/2004 08:53

Yes, ticked up on what looked like, on the face of it, a large sell day. Large blocks of shares may be changing hands so watch for news. Certainly got it wrong when I sold on the last results!

[maut too] 13/7/2004 07:39

looks like you wont wait for long - ticked up yesterday in poor markets and ticked up already premarket today

[octopus100] 12/7/2004 10:55

Had these from 80p - after the S.Times reported that the directors had bought as that level - so far waiting to get my money back.

[brizo83] 09/7/2004 12:40

i have these at 68p I think there is potential here for a decent gain over the coming months

[chrissey] 01/7/2004 09:45

Nice to see a bit of blue on the old monitor screen and even more significant when for Synstar!

I feel a bit peeved in personally just seeing the recent strong press comments and speculation as a bit more of the same old stuff and therefore missed the opportunity to top up at below 70p.