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VERO Vero Software

17.50
0.00 (0.00%)
30 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vero Software LSE:VERO London Ordinary Share GB0002678273 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 17.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 17.50 GBX

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Vero Software Forums and Chat

Date Time Title Posts
07/6/201015:43Vero Software - single digit PE 8 - Cad Cam285
19/1/200923:51Anyone live in Malvern, Gloucs or surrounding area?10

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Posted at 17/5/2010 07:13 by pugugly
17.5p offer. ADVFN link to notice not working



17 May 2010

RECOMMENDED CASH OFFER

FOR

VERO SOFTWARE PLC

BY

BV ACQUISITIONS SARL

TO BE IMPLEMENTED BY MEANS OF A SCHEME OF ARRANGEMENT
UNDER PART 26 OF THE COMPANIES ACT 2006



SUMMARY AND HIGHLIGHTS:

· The sole manager of BV Acquisitions S.à.r.l. ("BV Acquisitions") and the board of directors of Vero Software plc ("Vero") are pleased to announce that they have today reached agreement on the terms of a recommended cash offer by BV Acquisitions for the entire issued and to be issued ordinary share capital of Vero to be effected by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.

· BV Acquisitions, established specifically for the purposes of making the Offer, is beneficially wholly owned by the Battery Funds.

· Under the terms of the Offer, each Vero Shareholder on the register of members at the Scheme Record Time will be classified as a Scheme Shareholder, and accordingly, on the Scheme becoming Effective, will be entitled to receive 17.5 pence in cash for each Scheme Share held.

· The Proposals value the entire issued and to be issued ordinary share capital of Vero at approximately £7.19 million (assuming the exercise in full of the Warrant and all outstanding options under the Vero Share Option Schemes) and the Offer Price represents:

(a) a premium of approximately 20.69 per cent. to the Closing Price of 14.5 pence per Vero Share on 15 September 2009 (being the last Business Day prior to the commencement of the Offer Period);

(b) a premium of approximately 42.86 per cent. to the volume weighted average price of 12.25 pence per Vero Share for the 3 months prior to 15 September 2009; and

(c) a discount of approximately 2.78 per cent. to the Closing Price of 18 pence per Vero Share on 14 May 2010 (being the last Business Day prior to the making of this announcement);

· The Vero Board, which has been so advised by Daniel Stewart & Company, considers the terms of the Proposals to be fair and reasonable. In providing its advice to the Vero Board, Daniel Stewart & Company has taken into account the commercial assessments of the Vero Board.

· Accordingly, the Vero Board has unanimously agreed to recommend that Vero Shareholders vote in favour of the resolutions relating to the Proposals at the Court Meeting and the General Meeting, as each of the directors of Vero who currently hold Vero Shares have irrevocably undertaken to do in respect of their own beneficial shareholdings (or the shareholdings they control), amounting in aggregate to 5,453,380 Vero Shares (representing approximately 14.64per cent. of the existing issued share capital of Vero).

· In addition, BV Acquisitions has received irrevocable undertakings to vote in favour of the Proposals from significant Vero Shareholders in respect of, in aggregate, 18,274,657 Vero Shares, representing approximately 49.04 per cent. of the existing issued share capital of Vero.

· In aggregate, therefore, BV Acquisitions has received irrevocable undertakings to vote in favour of the Proposals in respect of 23,728,037 Vero Shares, representing approximately 63.68 per cent. of the existing issued share capital of Vero. Further details of these irrevocable undertakings are set out below and in Appendix III to this announcement.

· It is intended that the Proposals will be implemented by means of a Court-sanctioned scheme of arrangement between Vero and its shareholders under Part 26 of the Companies Act 2006 (the "Scheme").

· Implementation of the Scheme will be subject, inter alia, to the sanction of the Court and the approval of Vero Shareholders. The Scheme Document, setting out full details of the Scheme and the procedures to be followed by Vero Shareholders to approve the Scheme, together with the Forms of Proxy, will be posted to Vero Shareholders and, for information only, to participants in the Vero Share Option Schemes and to the Warrantholder, as soon as practicable and in any event within 28 days from the date of this announcement, unless otherwise agreed with the Panel.

· If the Scheme does not become Effective by 30 September 2010, the Proposals will lapse except where the approval of Vero Shareholders at the Court Meeting and the General Meeting is obtained before this date, in which case the longstop date for the Proposals may be extended to such later date as BV Acquisitions and Vero may agree and, if appropriate, the Court may approve.

· The Court Meeting and the General Meeting are expected to be held on or around 23 June 2010 and, subject to the requisite Shareholder and Court approvals being obtained, it is expected that the Scheme will become Effective on or around 15 July 2010. All dates in this announcement which relate to implementation of the Scheme are subject to the approval of the Court and are therefore subject to change.
Posted at 10/5/2010 19:45 by valhamos
Decent results - I would not have been surprised with a lot worse after Delcam reported a halving of profits a few weeks ago. With operational gearing there will be rapid growth in earnings per share when the recovery gathers pace. Before the recession Vero were on course for 3p eps - might not happen this year but looks likely next year, which needs to be reflected in any offer.
Posted at 28/4/2010 18:43 by dealit
TD Waterhouse have all sells today but I feel they are buys at around 12.60 and the share price moved up at last, makes me wonder if the result are tomorrow?
Posted at 24/4/2010 11:59 by daytraders
Im surprised we did not get a rns for the following great news just published on there website, maybe monday, im buying more shares first thing monday.

Vero Software Plc wins Queen's Award 21-04-2010

Vero wins The Queen's Award for Enterprise 2010, the UK's most prestigious business award.
Posted at 23/4/2010 11:25 by varies
VERO are usually quite prompt with their annual results, if I remember rightly, and produce them at much the same time as Delcam which is, more or less, in the same business; I hold shares in both cos and have for many years.
DLC's results for 2009 are quite good, considering the market, but well down on those for 2008. DLC's statement was encouraging and their shares have gone up.
It is now 7 months, of course, since the "preliminary approach" was disclosed and it seems unlikely after so long that the approach will come to anything even though VERO is still in an Offer Period under AIM rules.Let us hope for the best !
The delay in producing the 2009 reults, insofar as there is one, may result from the extra paperwork connected with the new financing of which we have yet to be given full details. Since this financing came from the Dept of Industry, we can be sure that considerable paperwork was required.
The financing provides considerable comfort for shareholders but I do not think we can hope for great joy from the 2009 figures when they come. I hope, however, that they will be accompanied by encouraging remarks about trading in 2010.
Posted at 12/4/2010 11:43 by dealit
Any opinions on a buy situation with results out Thurs/Fri this week. The CASH PS is only 4 times less than the SHARE PRICE which would normally signal a good investment IMHO
Posted at 13/2/2009 17:52 by silverfern
Rainmaker - 22 Jan'09 - Spec-Let the Vero share price do the talking-the share price could reach 30/35p in the next month

I'm watching this one, but any company in this climate that thinks it's ok to post sod all in five months loses my interest. Leads to 'post and hope' like the one above
Posted at 22/1/2009 00:55 by rainmaker
Spec-Let the Vero share price do the talking-the share price could reach 30/35p in the next month

regards
Posted at 15/1/2009 01:56 by rainmaker
A PRICE TO EARNINGS/ GROWTH RATE MODEL, COMMONLY KNOWN AS A "PEG" APPLIED TO VERO SOFTWARE as at 31/12/08.

Raw data
Vero Software share price= 16.5p
EPS for 12 months to 31 Dec 2008 2.58p(est)(so called historic)
EPS for 12 months to 31 Dec 2009 3.33p(est)(so called future)
Percentage growth rate =3.33/2.58 x 100=28%
Prospective p/e for next twelve months=16.5/3.33=4.95*
PEG=4.95/28=0.176

A PEG under 1 is undervalued
A PEG of 1 is considered to be fairly valued
A PEG over 1 is considered to be overvalued.

CALCULATING THE INTRINSIC PRICE PEG VALUE
Adjusting the share price to a level whereby it's PEG would be 1 to obtain an intrinsic (fair)value according to this model=*adjust the prospective p/e to equal the growth rate so the prospective p/e becomes 28 then multiple this by the prospective eps=28 x 3.33=93.24p

The important thing to remember about Vero Software(VERO) is that it is a "growth" share(ie it is growing at a rate faster than the nominal growth rate in the economy!1!) but has Value characteristics (ie low price to earnings ratio, low price to sales ratio, low price to book ratio etc)so in buying the shares at current levels you are not paying for that growth.

!1!nominal growth rate in the economy is GDP + the inflation rate


DYOR etc
regards
Posted at 02/5/2008 10:01 by emergin
With the punters taking profits, VERO share price offers an opportunity to increase my stock holding. The price is right.
Vero Software share price data is direct from the London Stock Exchange

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