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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ti Fluid Systems Plc | LSE:TIFS | London | Ordinary Share | GB00BYQB9V88 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 193.20 | 6,216,727 | 16:35:10 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 192.80 | 193.20 | 193.20 | 192.60 | 192.80 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Motor Veh Suply,new Pts-whsl | EUR 3.52B | EUR 83.5M | EUR 0.1677 | 11.50 | 961.95M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:48:11 | O | 540,000 | 193.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/12/2024 | 15:25 | UK RNS | Glazer Capital, LLC Form 8.3 - TI Fluid Systems plc |
| 20/12/2024 | 15:20 | UK RNS | BlackRock Group Form 8.3 - TI Fluid Systems plc |
| 20/12/2024 | 15:10 | UK RNS | Kryger Capital Limited Form 8.3 - TI Fluid Systems |
| 20/12/2024 | 14:43 | UK RNS | Liontrust Asset Management PLC Form 8.3 - TI Fluid System Plc |
| 20/12/2024 | 14:27 | UK RNS | Barclays PLC Form 8.3 - TI FLUID SYSTEMS PLC |
| 20/12/2024 | 13:35 | UK RNS | Nomura International PLC Form 8.3 - TI FLUID SYSTEMS PLC |
| 20/12/2024 | 12:35 | UK RNS | BNP Paribas London Form 8.3 - TI Fluid Systems plc |
| 20/12/2024 | 12:09 | UK RNS | Jefferies International Limited. Form 8.3 -TI Fluid Systems plc |
| 20/12/2024 | 12:00 | UK RNS | Peel Hunt LLP Form 8.5 (EPT/RI) TI FLUID SYSTEMS PLC |
| 20/12/2024 | 11:28 | UK RNS | GoldmanSachs International Form 8.5 (EPT/RI) - TI Fluid |
Ti Fluid Systems (TIFS) Share Charts1 Year Ti Fluid Systems Chart |
|
1 Month Ti Fluid Systems Chart |
Intraday Ti Fluid Systems Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 16/12/2024 | 14:44 | *** TI Fluid Systems *** | 195 |
| 19/4/2021 | 06:08 | Ti Fluid Systems collaborate with Ford and 3M to make respiratory systems | 10 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-20 17:15:00 | 193.00 | 540,000 | 1,042,200.00 | O |
| 2024-12-20 17:15:00 | 193.00 | 1,099,936 | 2,122,876.48 | O |
| 2024-12-20 17:15:00 | 193.00 | 500,000 | 965,000.00 | O |
| 2024-12-20 16:48:13 | 193.20 | 57,836 | 111,739.15 | O |
| 2024-12-20 16:47:04 | 193.19 | 10,683 | 20,637.95 | O |
| Top Posts |
|---|
Posted at 21/12/2024 08:20 by Ti Fluid Systems Daily Update Ti Fluid Systems Plc is listed in the Motor Veh Suply,new Pts-whsl sector of the London Stock Exchange with ticker TIFS. The last closing price for Ti Fluid Systems was 193.20p.Ti Fluid Systems currently has 497,904,654 shares in issue. The market capitalisation of Ti Fluid Systems is £959,960,173. Ti Fluid Systems has a price to earnings ratio (PE ratio) of 11.50. This morning TIFS shares opened at 192.80p |
Posted at 29/11/2024 15:45 by reddirish I think the price may move up by a penny or so over the next week as the traders are bought out, taking their profits, and then drift slowly towards the agreed price through to the early summer. So I too will sell shortly and reallocate the money. But that 4% on the table may be of interest to a few big funds, and ABC's broker may buy some on their behalf too. Very unlikely that there will be a second bid, but that can happen - especially as a due diligence exercise has given TIFS an all clear. I think it's worth holding on for a week or so for the first to settle and see if anyone else does pop up. |
Posted at 29/11/2024 10:53 by reddirish I've read through the documentation, and think it very unlikely there would be any competition issues getting in the way of this. The deal is scheduled to complete 'within the first half of 2025', so the 200p offer (including any dividend payable during the period) suggests a 4% uplift for holding for 6 months-ish, with a low level of risk. The price is unlikely to move much above the current level of 192 in the near future, maybe a penny or so. |
Posted at 29/11/2024 08:30 by reddirish Both relieved, but also a tad disappointed: another plc taken out for a relatively low price. |
Posted at 28/11/2024 12:41 by frankiethecabbie Bloomberg) -- ABC Technologies Holdings Inc. is nearing an agreement to buy British manufacturer TI Fluid Systems Plc for roughly £1 billion ($1.3 billion), according to people familiar with the offer.ABC, which is backed by alternative investment firm Apollo Global Management Inc., and TI Fluid are likely to announce a recommended offer before a UK takeover deadline on Friday, said the people, who asked not to be identified because discussions are private.Last month ABC increased its offer for TI Fluid to 200 pence per share, valuing the company at about £992 million, after previous proposals were rejected. TI Fluid at the time said that it confirmed to ABC that should a firm offer be made, it would be "minded to recommend it to shareholders."TI Fluid then extended the deadline for a firm offer to Nov. 22, before adding another week until Nov. 29 to give ABC time finalize talks, conduct due diligence and secure financing. Those issues have been addressed, paving the way for an agreed deal, the people said.Shares of TI Fluid have gained 16% this year, giving the Oxford, England-based company a market value of about £888 million. Representatives for Apollo and TI Fluid declined to comment, while a spokesperson for ABC declined to comment.TI Fluid makes thermal and fluid systems solutions for vehicles and has a presence in 27 countries, its website shows. Private equity firm Bain Capital is the largest shareholder and has been selling down its stake on the market, including at 135 pence a share in March. |
Posted at 22/11/2024 10:26 by reddirish So the offer of 200p per share is still indicated, and the suggestion from ABC is that due diligence has not thrown up any red flags, but they want one more week to finalise financing and 'other matters'. ABC is backed by private equity, so I'm a bit perplexed why financing arrangements would not already have been made ready. What might the 'other matters' entail? I'm still holding in the expectation of a 10% gain in one week; but confess to some nervousness. It's just that I cannot work out a scenario for why, if they really didn't intend to complete, they would not have walked away now. And so I hold on.... |
Posted at 14/10/2024 11:03 by schofi2 Grossly undervalued IMHO, but would accept £2 for a quick profit.Bought these in at around current price 2019 and sold six months later on a 50% profit. Bought in again 2022 around £!.62 expecting it to eventually reach £2.70. (Sharecast News) - TI Fluid Systems said on Monday that it would be "minded to recommend" an improved takeover proposal from ABC Technologies at 200p a share, should a firm offer be made. TI Fluid has already rejected offers of 165p a share, 188p a share and 195p a share. The latest proposal, made on 10 October, represents a premium of about 53.4% to the closing share price on 21 August, which was the last business day prior to ABC Technologies submitting its first proposal to the group. TI Fluid said: "The company remains confident in its strategy. However, having considered the proposal and having consulted with its financial and legal advisers, the board has confirmed to ABC Technologies that, should a firm offer be made pursuant to Rule 2.7 of the Code on the same financial terms as the proposal, it would be minded to recommend it to shareholders." In order for ABC Technologies to conclude due diligence and finalise financing, TI Fluid Systems has asked the Takeover Panel to extend the 'put up or shut up' deadline. As a result, ABC now has until 8 November to either announce a firm intention to make an offer for TI Fluid Systems or walk away. "There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies," the company said, adding that a further announcement will be made as and when appropriate. At 1105 BST, the shares were up 19.5% at 181.92p. Jefferies, which rates TI Fluid at 'buy', said the updated offer is now in line with what it sees as a minimum acceptable offer price. The bank said last month that it saw 200-245p as a "sensible" offer range, valuing the company in line with EU peers at the bottom end, and in line with EU & US peers at the top end. It said this range would be largely unchanged at current valuations. "However, while auto industry conditions for FY24F/FY25F have since deteriorated further, we do see 200p as still undervaluing the company, given TIFS' favourable margin, growth & free cash flow profile/outlook relative to peers," it added. |
Posted at 12/10/2024 08:18 by hericsaba ABC, which is backed by the alternative investment firm Apollo Global Management Inc., made the fresh offer recently, the people said, asking not to be identified because discussions are private.The offer is higher than the 176 pence (230 cents) per share proposal that was rejected by TI Fluid's board last month, but the improved price couldn't be immediately learned. It remains to be seen whether it will be enough to win the backing of TI Fluid or have it extend the deadline for negotiations.TI Fluid makes thermal and fluid systems solutions for vehicles and has a presence in 26 countries. Private equity firm Bain Capital LP is the largest shareholder and has been selling down its stake on the market, including at 135 pence a share in March.A representative for TI Fluid declined to comment, while a spokesperson for ABC couldn't be immediately reached for comment.In accordance with UK takeover rules, ABC has until 5 p.m. London time on Oct. 12 to either make a new offer of walk away from a potential deal.Shares in TI Fluid closed broadly flat in London on Friday at 152.2 pence, giving the Oxford, UK-based company a market value of about £756 million. The stock has risen 24% over the last 12 months. |
Posted at 15/9/2024 06:34 by cool runnings LONDON, Sept. 14, 2024 /PRNewswire/ -- The Board of TI Fluid Systems notes the recent announcement by ABC Technologies Inc., a company majority-owned by investment funds managed by Apollo Management IX, L.P., regarding a possible offer for the Company.The Board confirms that on 4 September 2024, it received a second unsolicited, highly preliminary and non-binding all-cash proposal from ABC Technologies to acquire TI Fluid Systems at a price of 176 pence per TI Fluid Systems share (the "Proposal"). This followed a previous proposal at 165 pence per TI Fluid Systems share.The terms of the second proposal represent a premium of 20.7% to the closing share price of 145.8 pence on 13 September, prior to press speculation about a potential offer for the Company.The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week.The Board is confident in the strategy and prospects of the Company.The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. |
Posted at 14/9/2024 18:27 by parttime Well if those shorts are closing it would be nice to think they're having to buy B.C. Omega's stock overhang to close with, if the deal comes to nothing then at least Omega will have cleared out more stock and we can crack on sooner. With regards the deal then £1.80 looks a tad cheap imo, looking at a basic eps/multiple valuation we should merit a p.e. of 10 and with earnings of 21p for this year alone would suggest £2.10 to be a 'fair' price for TIFS. It might be argued that debt is a tad on the high side but this looks well covered by cash and net assets. Stocko has an enterprise value for these of £2.45bn which I think would equate to a share price of around £2.90 or double the current £1.45So yes, I'd agree with Frankie that we should be looking above the £2 mark. |
Posted at 26/7/2024 09:00 by reddirish Bain Capital still holds nearly 30% of TIFS, even after the big disposal earlier this year. They kept over 35% following the 2017 float. They'll continue to reduce, which will keep a lid on the share price for years to come. This is a share for the very patient holder. |
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