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Avast was always on the up and nice Dividends
the Gen Digital dividend is about 20% of the AVAST one, and the stock about 20% lower than when it was taken over.
Still the experts knew best and the shareholders are much better off in the merged company ( Sarcasm )
End of another week AVST up 4P on the week, Norton down 47p the Offer gets to look worse and worse
@cr888 I think October or November
Message from HL saying all previous elections cancelled
When the offer was made option 1 was 2% market value option 2 was 7% below ( But I anticipated a 10% rise in NLOK )
Currently option 1 is 1% above market value option 2 is 14% below
As always DYOR
When will Avast investors be paid ?
NOW the CMA has in principle given approval the offers are both looking poor the mainly shares 1 is 1/7 less than the open market value of the shares. The mostly cash offer is about 0.5% above the share price
When It was announced I looked and the difference between the 2 was about £25 per 100 shares, now it's nearer £125.
I am getting tempted to change which way I want to go to the higher cash offer
Wonder about this 28m transaction for £28m @ £6.30 does not seem like was today as the price opened lower nor does it seem to have been the day before as price was always higher.
What are you opinions... is it a good time to sell
Just sold mine @ 600.5p
Same here, I'll wait till the meeting on Thursday and probably sell soon after if it looks like nothing else will happen.
Yep, but you'll only get £6.05p after the acquisition. Hardly covers the fx costs of $ to £ on dividends or the 15% withholding tax.
So unless they improve the offer I'm out at a profit and may use to acquire Avon Protection given what's happened there.
595p today, that's more like it.
Might be because of the hassle , eg you can grab it at 5.65 today or wait for £6.05 but ~ 50p of that is tied up with Norton. Thus you would have to sell to realise it, facing both trade costs and FX. To many, that's just not worth it plus of course there is the 15% withholding tax on dividends.
That's why I'm struggling to understand why the current price isn't nearer £6.
Working that thru, surely the $7.61 + 0.0302 is better value isn't it? Probably not done it right but with 1.38 fx rate and $24.77 SP, that's roughly £6.00 vs £5.20. Apols if I'm repeating any earlier unread posts?
Price still seems to be drifting down - is it now mostly affected by the $ exchange rate?
Is there a solely cash option?
All I can see is 2 cash + Norton shares options.
$7.61 cash + 0.0302 Norton
or $2.37 cash + 0.1937 Norton
https://investors.avast.com/media/1438/rule-27-announcement-final.pdf
@jlovie No. it really doesn't, if you have chosen the cash option.
Most shares going down at the moment? Check out Darktrace my friend…
Doesn't that depend on how the Norton share price goes?
If nothing more happens in the takeover/merger saga, then we get a fixed price >600p per share in a few months time. Why are people selling at <580p now? It's not like there are many other investement opportunities that need the capital right now - if you look at the longforecast for the FTSE indices, you can see that you have until Jan/Feb 2022 before the FTSE starts to improve. People might as well leave their money in here until the final settlement from Norton - most other shares are going down in value, right now. At least with this share you have a guaranteed >600p sale price when Norton take over.
OSI yesterday RNSed some useful research on ransomware, which is of relevance to AVST:
08/09/2021 07:00 RNSNON Osirium Technologies PLC Release of findings from Osirium Ransomware Index
"Osirium research finds UK businesses vulnerable to ransomware attacks
Osirium Technologies plc (AIM: OSI), a leading vendor of cloud-based cybersecurity software, has today released findings from a research report it has undertaken, suggesting many UK businesses are not sufficiently protecting their critical IT recovery systems should a cyber-attack occur.
The Osirium Ransomware Index surveyed 1,001 IT managers in the UK and found that 80% of businesses rely on backups (whereby a copy of computer data is taken and stored elsewhere) as a plan of recovery should a cyber-attack occur. Yet despite this reliance, only a minority take extra precautions of using privileged access management to protect their backups, leaving the bulk of UK businesses vulnerable to attack, as our report highlights.
Key findings of the report:
- Overall, 79% (4 in 5 businesses) surveyed admitted that they have experienced at least one ransomware attack, with 68% of these stating the attack occurred in the past year.
- Despite 98% of respondents saying they were aware that backups are a target of ransomware attacks, over half do not keep offline backups and only 35% take extra precautions to protect access to backups and backup management systems.
David Guyatt, CEO of Osirium, commented: "Cyber-attacks on UK businesses remain a very real threat and unfortunately is an everyday occurrence for organisations across all sectors with potentially profound consequences. Our report highlights the degree of vulnerability that persists, with 58% of UK businesses surveyed only feeling 'somewhat prepared' for the eventuality of a ransomware attack. M any businesses know they need to bolster their backup protection, and this awareness continues to drive new opportunities for our privileged access management solutions."
Further information on the Osirium Ransomware Index can be found here:
https://www.osirium.com/documents/osirium-ransomware-index
https://uk.advfn.com/stock-market/london/osirium-technologies-OSI/share-news/Osirium-Technologies-PLC-Release-of-findings-from/86001225
When the market opens and the US investors see what a great deal they have secured we should get another few percent here imv.
Look up TERN plc, currently available at 18p a share at a 60mil mcap.
They hold a majority stake in several companies, most notably a 60% holding of Device Authority, which provides some of the best in class security in the IoT space.
They are used by Microsoft, Entrust, Dell, Medigate and many others to name a few: https://www.deviceauthority.com/ecosystem/our-partners
Device Authority's competitors are valued at about 4-8bil and recently it was recognised as offering a better solution than its competitors: https://www.deviceauthority.com/news-article/device-authority-leader-spark-matrix-iot-identity-and-access-management-iot-iam-2021
Device Authority's Keyscaler is the only solution that can delivery security steps 1 to 5, at scale and with zero touch in the IoT device security sector. Hence why it is used by the biggest mammoths in tech.
Do your own research of course, but this company is going to be worth magnitudes more than it is worth now and TERN's share price will re-rate into the pounds. The largest holders expect this.
You can currently buy TERN shares for less than the recent placing which was 18.8p. It'll soon head back to the high 20's and break 30's as it is going to be listed in the US within the next few weeks.
Not a ramp, just a tip. :)