Debbre Zeit
30 Jul 2015
Re: So, what happened here then ??? Nice one, cheers !
lucky111111
30 Jul 2015
Re: So, what happened here then ??? Take over bid as below:RECOMMENDED CASH OFFER FOR HELLERMANNTYTON GROUP PLC BY DELPHI AUTOMOTIVE PLC to be effected by way of a Scheme of Arrangement under Part 26 of the Companies Act 2006 Summary · The boards of HellermannTyton Group PLC ("HellermannTyton"
and Delphi Automotive PLC ("Delphi" are pleased to announce that they have reached agreement on the terms of a recommended cash offer by Delphi and/or a wholly-owned subsidiary undertaking of Delphi, for the entire issued and to be issued share capital of HellermannTyton. It is intended that the Acquisition will be effected by way of a Court-sanctioned scheme of arrangement of HellermannTyton under Part 26 of the Companies Act 2006. · Under the terms of the Acquisition, HellermannTyton Shareholders will be entitled to receive 480 pence in cash for each HellermannTyton Share held at the Scheme Record Time. · In addition, HellermannTyton Shareholders will continue to be entitled to receive an interim dividend in respect of the six-month period ended 28 June 2015 of up to 2.2 pence for each HellermannTyton Share held. · The consideration of 480 pence in cash for each HellermannTyton Share represents: - a premium of approximately: · 44.5 per cent. to the Closing Price of 332 pence per HellermannTyton Share on 29 July 2015, being the last Dealing Day prior to this Announcement; · 42.5 per cent. to the average Closing Price of approximately 337 pence per HellermannTyton Share for the one-month Volume Weighted Average Price ("VWAP" at 29 July 2015, being the last Dealing Day prior to this Announcement; and · 35.2 per cent. to the average Closing Price of approximately 355 pence per HellermannTyton Share for the three-month VWAP at 29 July 2015, being the last Dealing Day prior to this Announcement; and - an enterprise value of 14.7x HellermannTyton's EBITDA for its year ended 31 December 2014. · Delphi does not currently hold any HellermannTyton Shares. · The Offer values the entire issued and to be issued share capital of HellermannTyton at approximately £1.07 billion. · The Board of HellermannTyton, which has been so advised by Goldman Sachs International and J.P. Morgan Cazenove as to the financial terms of the Offer, considers the terms of the Offer to be fair and reasonable. In providing advice to the Board of HellermannTyton, Goldman Sachs International and J.P. Morgan Cazenove have taken into account the commercial assessments of the Board of HellermannTyton. · Accordingly, the Board of HellermannTyton intends to recommend unanimously that HellermannTyton Shareholders vote in favour of the Scheme at the Court Meeting and the Special Resolution to be proposed at the General Meeting, as all HellermannTyton Directors have irrevocably undertaken to do so in respect of their own beneficial holdings of 1,419,906 HellermannTyton Shares (representing, in aggregate, approximately 0.7 per cent. of the HellermannTyton Shares in issue on 29 July 2015 (being the latest practicable date prior to this Announcement)). Further details of these irrevocable undertakings are set out in Appendix III to this Announcement. · In addition, Delphi has received non-binding letters of intent to vote in favour of the Scheme at the Court Meeting and the Special Resolution to be proposed at the General Meeting (or, if Delphi exercises its right to implement the Offer by way of a takeover offer, to accept such Offer) from Artemis Investment Management LLP in respect of 5,753,163 HellermannTyton Shares, from AXA Investment Managers UK Limited in respect of 7,643,347 HellermannTyton Shares and from JPMorgan Asset Management (UK) Limited in respect of 6,680,273 HellermannTyton Shares. Therefore, as at the date of this Announcement, Delphi has received non-bindi
oldjoe1
24 Jul 2015
HTY Broker Views...... <b>Brokerages Set Hellermanntyton Group PLC Price Target at $373.57 (LON:HTY)Posted by Shayan Afkhami on Jul 23rd, 2015</b>Shares of Hellermanntyton Group PLC (LON:HTY) have received a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 373.57 ($5.83).A number of analysts have recently weighed in on HTY shares. Analysts at Goldman Sachs reiterated a “buy” rating and set a GBX 360 ($5.62) price target on shares of Hellermanntyton Group PLC in a research note on Thursday, July 9th. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 380 ($5.93) price target on shares of Hellermanntyton Group PLC in a research note on Tuesday, July 7th. Analysts at Investec reiterated a “hold” rating and set a GBX 335 ($5.23) price target on shares of Hellermanntyton Group PLC in a research note on Thursday, July 2nd. Analysts at Berenberg Bank initiated coverage on shares of Hellermanntyton Group PLC in a research note on Thursday, June 18th. They set a “hold” rating and a GBX 360 ($5.62) price target on the stock. Finally, analysts at Peel Hunt upgraded shares of Hellermanntyton Group PLC to a “buy” rating and raised their price target for the stock from GBX 355 ($5.54) to GBX 430 ($6.71) in a research note on Thursday, May 21st.Shares of Hellermanntyton Group PLC (LON:HTY) traded down 0.66% during mid-day trading on Monday, hitting GBX 333.40. The stock had a trading volume of 45,073 shares. Hellermanntyton Group PLC has a 52-week low of GBX 272.79 and a 52-week high of GBX 379.90. The stock’s 50-day moving average is GBX 349.46 and its 200-day moving average is GBX 338.74. The company’s market cap is £717.97 million.HellermannTyton Group PLC is a global manufacturer and supplier of cable management solutions for fastening, identifying, insulating, protecting, organizing, routing and connecting components. The Company’s product range covers cable management requirements within the wind turbine, as well as the network infrastructure of the wind farm. Its product range includes fixings, such as fasteners, clips and cable ties; network connectivity, including cabling systems, fiber optic jointing organizers and splicing protectors, raceways and test instruments; insulation and protection, including heat shrink shapes and tubing, convoluted tubing, spiral binding and electrical ducts; identification, including security seals, printed ties, cable markers, labels and printing systems, and installer solutions, including enclosures, racks and connectors. It serves customers in the markets of solar energy, wind energy, rail transportation, automotive, electronics and aerospace, among others.
oldjoe1
13 Jul 2015
Re: HTY Cheap And Technically very Sound. HellermannTyton Group broker viewsDate Broker Recommendation Price Old target price New target price Notes09 Jul Goldman Sachs Buy 344.95 360.00 360.00 Reiterates07 Jul JP Morgan Cazenove Overweight 344.95 380.00 380.00 Reiterates02 Jul Investec Hold 344.95 335.00 335.00 Reiterates18 Jun Berenberg Hold 344.95 - 360.00 Initiates/Starts30 Apr JP Morgan Cazenove Overweight 344.95 380.00 380.00 Reiterates
oldjoe1
13 Jul 2015
HTY Cheap And Technically very Sound. HTY Hellermanntyton Group technically looks like its got a lot going for it plus its cheap fundie wise P/E 14 to 2016.[link]
albent
06 Apr 2015
Enticing income payer however with questionable financial health. DCF valuation and analysts estimates for HellermannTyton Group [link]
