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On a very speculative buy 🤑💰Well worth watching the large differences sometimes in takeovers😲 The same as happened in the IVO and IPO transaction!!👍
Nicely up indeed 256 / 52
What a buy this as turned out to be boom 💥 🤑
this AM.🤔
Large buys here this past week with HTG back to 50p and AVG at 250p thereabouts. Despite my reservations as a HTG shareholder that this undervalues the company it will be positive for the combined entity as a whole. HTGs cash generation, substantial assets and improving order book gives AVG shareholders superb access to growth for considerably little risk. As a result HTG benefit from the cash position which ensures our financial security and in turn should push the value of the business higher. Looks inevitable now. 1st September I will be an AVG shareholder
AVG and HAYT heating up again, difficult to say what is happening but perhaps the merger is looking more secure now and so market interest is returning. Now given the excellent terms AVG has secured, the market appears to be moving towards a fairer price range that better reflects the additional £65-70m revenue AVG will receive this fiscal year with an additional £6-8m EBITDA by my reckoning and more importantly the risk element of HAYTs financial position reducing with AVG being in a position to repay the £2.4m outstanding loan to the bank. Expect both shares to continue higher in my view
With AVG falling, HAYT offer looks even worse for holders. I expect there will be many who vote against, myself included. It is frankly speaking. A ludicrous offer for a company who had a worse than normal first half last year which impacted cash-flow at the end of high capital spend period. Future is very much bright and if they remain separate companies it won't be long before HAYT is worth more than AVG again.
Looks like a reasonable price leaving upside potential. All share offer allows Haywards shareholders to remain involved,with the funding concerns removed. Also, AVG retains cash for further acquisitions.
Yup. Will be nice now if they manage to get HAYT at an attractive price and this is followed by positive comments and upgraded forecasts by analysts. It would seem, however, that this share suffers from lack of coverage as the positive news on the Sellafield contract and uplift in profit expectations went ignored by the market when the RNS was announced. Lucky to have ST flying the flag.
Positive report today by ST in IC.
Still making up their minds! We'll see by the 30th. "The Board of Avingtrans notes the announcement this morning by Hayward Tyler Group plc ("Hayward Tyler") in connection with its discussions with the company regarding a potential offer. The Company confirms that, at Hayward Tyler's request, the Panel on Takeovers and Mergers (the "Panel") has provided its consent for the deadline under which Avingtrans must announce either a firm intention to make an offer for Hayward Tyler (pursuant to Rule 2.7 of the Code) or not (pursuant to Rule 2.8 of the Code) in accordance with Rule 2.6(a) of the Code to be extended to 5:00pm on 30 June 2017."
AVG possibly buying HAYT - RNS out on HAYT RNS
Sorry Bazza - it's subscription-only content on that link
Here's the link. Too long to copy & paste. http://www.investorschronicle.co.uk/2017/02/02/comment/simon-thompson/bargain-shares-portfolio-cZ4cyibfihDhZP6DbADl0N/article.html
If anyone has access to what Simon Thompson say about AVG and would like to post it here, it would be great to see. Thanks
Hi, yes check out Investors Chronicle on-line today or buy the mag. It is part of Simon Thompson Bargain share portfolio for 2017 which he announced late last night. BOL
Should fly in the morning GLA.
Thanks - fingers crossed - chunky buys indeed so someone is confident.
...anything afoot?
And their MC in cash, to be used on an acquisition. Happy to hold!
Sold 25% of mine. Didn't think the buy-back offer was that generous, tbh, but took the opportunity to take some profit anyway. There's still potential here, especially on the nuclear side. Solid company, good cost controls and has the kind of expertise that's in demand, imho.
...trade has gone through! Doubt I'll ever see a larger one! ;-)
One of us is misunderstanding things. I bought my shares below £2. I didn't feel like selling half of them back to the company for £2 a share as I believe it undervalues my shares. I'm pleased you did and when the deal is done we will see where this leaves the value of the remaining shares. It was an offer, I declined!
Interested in gauging the response. I decided to hold onto all of mine - but others who bought in lower may have been tempted?