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what exactly are we waiting for with the share?
Too late to save anything now , as in Dad's Army , We are doomed . I drove along the Dock Road area in Liverpool yesterday all derelict buildings and derelict docks apart from Container port at Seaforth , , which were once thriving businesses .Tate and Lyles went, J Bibby taken over by Cargill ,Harland and Wolf gone , Union International gone . Into the Commercial City area , Royal Sun Alliance gone , Liver Buildings virtually empty , Cunard Building empty , Liverpool Daily Post and Echo gone , need I go on. It saddens me to see the state of the nation.
Isn't it already in foreign hands? They already have a ~59% holding.
When this goes into foreign hands , which it should not , is there anything which is British left worth having ? No wonder we are the laughing stock of the World .
More rumours coming out that we might be pushing for a better offer.
I would be happy with an offer around the £35-£40 mark.
31 is an absurdly low price. 31 would been considered a low offer for Aveva before the OSIsoft acquisition. Some statements from holders:
"Top-20 Aveva shareholder M&G, which owns 0.75 per cent of the group, said it opposed the deal and would vote against it, adding that it undervalued the longer-term potential of the company.
“M&G is materially underwhelmed with the opportunistic £31 offer from Schneider Electric for the remainder of Aveva, and we’re disappointed that the Aveva board has recommended the bid to shareholders,” said Rory Alexander, UK equity fund manager.
Another top-25 shareholder in Aveva said they would accept the deal “through gritted teeth”, adding it was representative of what they perceived as a broader mispricing of UK stocks."
from FT: https://www.ft.com/content/dd2bc82e-1027-481c-b4e9-0cb575153e39
about time, it has been almost a week since the last cheap UK stock got snapped up by foreign investors.
When tories said they were going to get more investment into UK I didn't mean they planned to crash the pound and our stock market so all our companies would get picked off on the cheap.
Agree 3500 ++
I'm not too familiar with takeover rules but surely even with their 60% stake, there must be rules to prevent them voting through a resolution to purchase the remaining 40% at say closing price today plus 5%? Personally I would hope for £40 a share
Even with 30% uplift today, Schneider are going to get a bargain
https://www.lse.co.uk/news/AVV/french-company-schneider-considering-a-full-buyout-of-aveva-z0dny515t4puxw0.html
AVEVA, a global provider of industrial software, driving digital transformation and sustainability, has launched the 2023 release of its operations control software, the first major coordinated release of its HMI/SCADA software portfolio, available in both perpetual and subscription purchases.
The new release further supports the delivery of AVEVA Operations Control, a flexible, subscription-based solution of integrated capabilities that promotes greater efficiency and workforce collaboration at the scale that best suits the business.
The first of its kind in the industrial software sphere, AVEVA Operations Control simplifies day-to-day routines of teams by aligning workers around common digital threads of information, delivering the data and insights they need to drive growth at every level through increased efficiency, agility and reliability.
With rich visualisation technologies, analytics and development tools deployed within a hybrid cloud and on-premises environment, customers can ensure performance consistency, remove opportunity for human error, and improve operator insight and reactions to process deviations.
Not only can critical information be retrieved faster, but inbuilt flexibility provides greater scaling – of data, users, or routes to revealing the correct decision.
“Digital technologies now comprise the beating heart of industrial enterprises. But operations teams do not yet have the ability to contextualize decisions within a cohesive and sustainable framework. AVEVA Operations Control leverages this information environment with a comprehensive set of applications that empowers users from edge to enterprise with real-time visibility of critical processes in every industry,” says Rashesh Mody, Executive Vice President – Operations Business, AVEVA.
AVEVA’s extensive portfolio is a core strength that supports customers in achieving the outcomes they seek. The 2023 operations control release focuses on worker empowerment with UI/UX enhancements, increased flexibility for web and mobile users, and greater connectivity.
This release consists of updates in the following offerings: AVEVA System Platform 2023, AVEVA InTouch HMI 2023, AVEVA Edge 2023, AVEVA Plant SCADA 2023, AVEVA Historian 2023, AVEVA Communication Drivers 2023, AVEVA Reports for Operations 2023, AVEVA Development Studio, and AVEVA Teamwork.
“Value is often greater than the sum of its parts. The flexible collection of capabilities within the 2023 release function can be combined and linked for even greater effect. Instead of releasing a single HMI or SCADA product, we can enhance our customers’ ability to eliminate silos and build more intelligent systems that make their people smarter, thus maximizing the value obtained from their industrial data,” adds Mody.
The 2023 operations control software release is available through several procurement methods, including AVEVA Flex, the advanced industrial software subscription program.
"Chris Kinder has added ‘undervalued’ IT stock Aveva (AVV) to his £1.7bn Threadneedle UK fund..
..Aveva is an undervalued software business offering attractive exposure to industrial automation, digitalisation and capital expenditure; trends which we see as interesting over the medium term,’ he said.
‘The stock is cheap on a three- to five-year view as the company is transforming its software-as-a-service business, which is likely to have some impact on earnings and margins in the near term.’
Shares in Aveva fell 2.9% to £23.79 on Tuesday and are now down more than 40% from their pre-pandemic level in February 2020."
https://citywire.com/funds-insider/news/expert-view-aveva-bandm-carnival-quilter-and-softcat/a2391015#i=2
The negative eps is presumably short term as suggested in the results.
??
I m just starting to loom at Aveva here. I too the Sp was 55 isa dollars a couple of years ago, is the shares in siiue still the same now as when the share price was $55 ?, Could anyone tell me in lemmas terms why the drop from $55 to $£30 3 months ago and $22 today please is I can start to investigate why and if its temporary or permanent setbacks please?
The only thing i can think of is the reduced margin in 2023. otherwise some solid revenue increase going forward and our assests themselves account for the majority of the market cap!...i suspect someone wants shares for cheap...still holding for a bit.
Good RNS in my view, so can someone explain the 13% drop today?
That was a decent call this morning. My main take away is that they seem to have a good plan to move customers to a more subscription and more predictable revenue stream. The current share price doesn't event take into account the merger with Schneider Electric industrial. Only criticism is the future plan seems safe and could have been a little more bullish. However that just means when they beat targets going forward will benefit future share price.
Currently i think this is a good buy even in current climate. Not many stocks you i could say that about.
Ok.
I understand that there are no rules or rights pertaining to minority shareholders as to the price paid to them - it's a matter of negotiation between the parties. Basically, there's no easy way to force a minority shareholder to sell.
When I googled 'how to buy out a minority shareholder', there's loads of info which I'm not going to repeat here.
I can see no point in Schneider taking over the company 100% unless they wanted to delist it. If they wanted to do that, they'd have to offer minority shareholders a price they'd accept.
unhooked thanks for input. The question was if they could launch a hostile take over what would be the rules for the minority shareholders, at what price would they do it as they would try to push at the lowest?
Not a holder here, but I hate to see questions unanswered. If Schneider own 59% nobody can launch a takeover apart from them and why would they as they already own 59%.
Pls help as I panic...
I have not checked that Schneider Electric has 59% of the holding.
Isn't it a risk to take a hostile take over of the rest at the 6m average?
Any thoughts?
I agree folks this is a solid robust company but sadly un loved at the moment . I really can’t see it going much lower and the March 20 low is surely not going to be breached . Tech sell off will turn and this will fly when it does
Sold mine last August at a good uplift and I'm tempted back in as its a an excellent company with great prospects and demand for their types of services should increase over time.
$1m question - Is it time to buy?
Got my eye on this one. Ideal first buy-in may be around the 22 pound mark, which were the lows of March 2020.
Not sure you have got them with this update. Admittedly the comparison to Q3 last year when they had a 25% increase in revenues was going to be hard but I think that it needed more than ' revenue outlook for the full year that is in line with expectations' to give it a lift.
ARR is a bit of a fudge and although it nudged up a little it has to be looked at in the context of this comment at half year ’Growth in AVEVA's ARR is expected to increase as Subscription offers are introduced for products from the acquired OSIsoft business and the proportion of SaaS sales rises.’
This has been my worst investment over the past year, I was hoping that with the oil and gas companies flush with money that the revenues here would pick up strongly but so far this does not seem to have been the case. Decided to sell out after the small rise first thing as I am not sure there is enough in this trading update to reverse the negative sentiment around the company.