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Is this going ex div after cop today....or is there a special dividend re takeover?
I'm hoping the creeping continues to above £2...nice round figure...I like my round figures
Feel this is going higher but trimmed a bit today as it seemed the right thing to do to protect the gains. Less profit perhaps if it takes off, but for now cash is kind and the 175p offer is all that is there.
As Brenda from Bristol would say "Not another one"
As Mary would say.... "show me the bid"
The UK eventually sold about 395 tonnes (12,700,000 ozt) of gold over 17 auctions from July 1999 to March 2002, at an average price of about US$275 per ounce, raising approximately US$3.5 billion.
Takeover bingo continues this week, eyes down........
Fingers crossed Mary.
CLUELESS Labour shills.. like Gordon Brown selling gold at the lows...$282.... now $2180 !!!!!
A bolt on for BT perhaps? Either way, more bidders will enter the fray judging by the SP strength.
UK companies are up for sale.
No doubt more bids for more UK companies will hit the RNS this week.
From Saturdays Daily Mail - by Alex Brummer. The article is largely about the takeover of Direct Line, but there is the following comment at the end on Spirent.
“There is also reason to be disgruntled about the way in which the board of telecoms concern Spirent headed by Sir Bill Thomas, a Labour Party small business adviser, so quickly agreed to a bid from a US competitor Viavi.”
Valuable British R&D and tech should not be sacrificed so easily.
Company chairmen too easily ignore the national interest
Sold the last top up buy 7/3/23 for the same price I bought them *180p today .
Did not think I was going to make profit on that tranche , but picked up both the divs 3.8% yield.
The market clearly expects an increased bid.
Today the volume was 6.4 Million shares, the 3 month average is 3.4 Million
Good chance someone will go hostile
GLA
It's a shame we as a country let ARM go, that sticks in my mind.
We are always being told that the US markets value tech companies highly. If that is true, the bidder should offer a full price, (which is probably generous by UK standards), rather than a price which is seen as taking advantage of Spirent’s temporary difficulties. There is no incentive for the IIs to back this, as Spirent will recover in time, and achieve a much higher price, under their own steam. If their tech helps AI rollout, the bidder should have deep pockets.
I sold some of my holding yesterday, to take some money off the table, just in case they did an Apollo (like Wood), but I am holding the rest and hoping to see £2.
A sweetener to put off others as you say - nice position to be in and yes it does seem a tad cheap 220/230p seems about right but no need to rush to trim atm
Looking for bids on SSPG and GNC is breaking out too.
Spirent have worked together on Open RAN with Anritsu in the past.........
https://www.anritsu.com/en-us/test-measurement/news/news-releases/2023/2023-02-21-us01
It may be that the market is becoming aware that some Institutional investors will not support a takeover at the current price. That may for the bidder to increase their offer a bit, although without a counter bidder, this unlikely to be a big increase …say 10 to 20p. Interesting times…
High 180.27 - pleasantly weird - looking forward to the close today - could be spiky !
We need someone like Anritsu to enter the bidding with a market cap of 176B
Date Open High Low Close* Adj. close** Volume
08 Mar 2024 175.10 180.27 175.00 177.20 177.20 1,619,729
07 Mar 2024 175.30 177.40 175.00 175.00 175.00 18,808,083
06 Mar 2024 175.90 179.90 175.00 175.00 175.00 20,720,127
05 Mar 2024 174.00 177.50 170.00 177.00 177.00 88,603,587
04 Mar 2024 103.00 111.20 103.00 108.40 108.40 1,166,374
01 Mar 2024 104.00 109.00 102.10 109.00 109.00 1,096,383
29 Feb 2024 102.30 109.51 102.30 104.50 104.50 2,897,065
Yes I reckon goes out at £2+…v attractive target this
Certainly stopping mr from selling into the market at 2/3p less or potentially another 40-70p higher. Waiting it out but getting excited that we have moved up to 180p on the offer - why else would that happen?
That's been my gut feeling since this whole thing kicked off such is the SP level.
Incoming counter offer.......
Has counter offer all over it 179/180
Does anyone know the value of the 'important' IP that came with 'Test Lab Automation business of NetScout Systems, Inc.' purchase?
So good job we received a bid otherwise the price would have fallen...growth next year expected but at a modest amount...
Anyone of these.
https://craft.co/viavi-solutions/competitors