Final Results Great figures with terrific growth in North America. If anyone is looking to make a very late counter bid there could be a lot to encourage them in these figures. Held for 10 years and sad to see this great company go.
Re: Bid from SNC Lavalin My understanding of timescales is as follows: -Full year results due 15th June. General meeting to approve (or otherwise) the offer 26th June.Assuming its approved the shares will be delisted 4th July. Monies should be received on or about the 17th July approx.
Re: Bid from SNC Lavalin What was the completion date on this one; i'm getting confused by continuing RNS and also WTM & AMFW voting deadlines this month! But i note the share price finally dropped below Offer, so presumably close to a signed deal and no predator in the wings?
Re: Bid from SNC Lavalin Good move. Looking back, my pre-float investment in 1996 was 900 shares at £2.80, so all that has happened is an extra Nought has appeared in that cost figure ... But not only is there a 7-fold increase, the re-invested divi over 20 years has brought my number of shares up by another 550. All for doing nothing and leaving the papers in a box for two decades! Does that mean 'active' investment isn't worth it...!?!
Re: Bid from SNC Lavalin Sold my remaining holding in ATK at 2080, looks like the market is pricing in a small chance of a counter bid to be pricing it at the full bid price but I'll take that risk.It's a little sad to see another excellent UK Company gets picked off, but with a few trades this one gave a near 40%+ gain in ~9 months so cannot complain. I imagine that makes me (and many UK PIs) part of the problem. H2
Re: Bid from SNC Lavalin Confirmed today at £20.80, with no final Divi this Summer. Lots of bunce for the senior staff and Directors, to keep them there for 12 months is written into the small print, so that's why this dragged on a while..!! Still..for my 'dormant' Corporate ISA from end last Century, this is a lovely little CapGain windfall free of tax.
Bid from SNC Lavalin Contractor WS Atkins PLC (LON:ATK) has received an indicative offer worth 2,080p from Canadian group SNC-Lavalin.Atkins board said the offer was in the region where it could be accepted with some tweaks to the terms and conditions.The two companies are in discussions about these other terms and conditions.Shares rose 29% to 1.983p.
Re: Why the rise in SP DazedThat seems most likely. There was some talk of a tie-up with CH2M Hill earlier in the year but I doubt that is a factor here, and in light of revalations re HS2 and CH2M Hill and the dilution of another quality UK Co. I hope not. H2 (No S)
Re: Why the rise in SP CH2M Hill have pulled out of their HS2 design management contract last week after an appeal by MACE, a losing competitor. Perhaps they are either concentrating on acquiring Atkins? OR (like the Olympics site) Atkins have been approached as an alternative to the two front-runners; they are already 'on the job'!
Why the rise in SP Whats going on JUMP in SP
Report -ws-atkins approach by CHM2 re merger Explains a 5% jump in SP, all sounds a bit preliminaryH2 [link] Atkins Plc (ATKW.L), a British engineering and design consultancy, has been approached by U.S. company CH2M for a possible $4 billion merger, the Times reported.CH2M made the approach for Atkins at a senior level, although it is unclear how far talks developed, the newspaper reported.Atkins said last year that plans by both the UK government and new U.S. President Donald Trump to increase infrastructure spending would benefit the company in the medium term. "It is our policy not to comment on rumor and speculation," Atkins said in response to an inquiry by Reuters, while CH2M was not immediately available for comment.(Reporting by Parikshit Mishra in Bengaluru; Editing by Peter Cooney and Lisa Von Ahn)
New investment Just got in at £14.Long-term hold in the ISA.
SP Fall Could the SP Fall be due to this??A POSSIBLE BEAR CALL. According to the Sunday Times Atkins designed the Address Hotel Dubai "aka The Towering Inferno" The lawyers should have a field day determining liability and cost of repairs- According to the Sunday Times article the cladding panels had cores of "combustible thermoplastic held between two sheets of aluminium" Even if no eventual liability it could well be a significant call on senior management time (imo etc)
Re: Attractive income payer with sturdy fina... SELL..target £11..
Attractive income payer with sturdy financial health. DCF valuation and analysts estimates for WS Atkins (ATK): [link]