NEW ARTICLE: Aveva takeover excites bulls "Even before a shock profits warning in September, LSE:AVV:Aveva has been on the M&A radar. Now French conglomerate Schneider Electric has bought a majority stake in the engineering software designer, diluting the British firm's exposure to the ..."[link]
Re: Oh Bingo I was happy to take the 30% profit (since April) this morning at 2278p - I'm sure it will be a bit of a roller coaster from here...
Re: Oh Bingo The Torygraph likes the deal and also thinks there could be a battle with other bidders:[link] may have been right after all. 1200p a share, .... but only after a payout of £10+ I guess those tea leaves were a bit hard to read!Regards,Seadoc
Re: Oh Bingo No you got that spot on Inspection Eng although reading other reports there is also other surplus cash that could be returned making the total 1000p.Some have upgraded the price to 2600p so all good today.I think I will sit tight for the moment and should we see 2500p in the near future may consider taking some profits.In the meantime I have a stop loss of 2000p set as will still be extremely happy to bail out at that price but don't think that is likely.Well done all that got in on the big drop last year.
NEW ARTICLE: Aveva rockets after Schneider takeover "After months of speculation, perennial bid favourite LSE:AVV:Aveva has fallen into the hands of Schneider Electric. In a complicated deal that's officially a reverse takeover, the British engineering software designer will buy Schneider's ..."[link]
Re: Oh Bingo So does 550M cash return mean around 8.70 cashback per share once this happens? Or have I misread &/or got my sums wrong?
Oh Bingo Well that was one of those punts that has well and truly come in.Took a bit of a punt when this dropped like a stone.Was half tempted to take the profit when 1900p was breached a few weeks back though but glad I held on now.Happy days. Has shot to top of the pile for the year overnight.Well done to all that held out in recent times.
Re: 7% rise Where lambrini in our hour of need:Wherefore art thou?
Re: Rise Sorry - Telegraph
Re: Rise Nothing new there - if you see my post from June last year, the Sunday Times was saying the same thing.
Re: Rise FT market summary also mentions Aveva, amongst others, as a possible takeover target from the U.S. www.ft.com/cms/s/0/572a8fb8-f410-11e4-bd16-00144feab7de.html
Rise Up 20% in 2 week. Up 30% in 4 weeks.Presumably this is mainly due to a rise in oil prices. I'm not sure its business is THAT dependent on the oil price, but I do think the share price had dropped over much on the oil price weakness, so I see this more as a correction than anything to get excited about.
7% rise So what caused that?
NEW ARTICLE: Aveva calms nerves, for now "In a brief statement a mere 11 lines long, LSE:AVV:Aveva signalled Monday that it has steadied the ship after a terrible final few months of 2014. However, shares in the engineering design software company have lost a third of their value since ..."[link]
Established income payer, in a sturdy financial position with a proven track record. Report on Aveva Group (AVV): [link] I found useful.