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I am not convinced, it is a pretty tenuous link to say that the fall is because they do business in China. Robert Walters has 40% in China and look at their share price trend....I also hold prv and that has not gone down in the same way either.
It is all about rotation out of growth/tech, plenty of other showing the same trend as aveva that are not on your list.
Thanks for the clarification there Skin...
I have kept a watchlist of all the listed companies since mid Sept...Aveva seems to have taken the biggest hit thus far.
Again I reiterate that I am not a de ramper but always looking at Share prices for highs and lows
ATB
G
Are you sure you are talking about Aveva (the industrial software company) rather than Aviva, the insurer that has a property portfolio?
This seems to be responding in the same way as other tech/growth stocks with a nice bounce today.
I have read that there could be exposure to the fall out from Evergrande China...
I am not a deramper but it may be worth doing some research on this. Hopefully I have interperated thiscwrong ?
If you look at Lloyd's sp you can see the reverse trend -down from May - then up as these others go down.
It has been the same for many perceived 'growth' stocks - look at halma, experian, rto, although aveva has dropped more than some of the others - as it is also a tech stock (which are also moving out of favour). There was a rotation into these from around May and it has just reversed (very quickly) with a switch back into cyclics and recovery stocks now that there is reducing worry about the Delta variant and increasing concern about inflation.
Rightly (or wrongly) I have been topping up in some of these as there are good long term reasons to hold them, also many have high $ earnings which will benefit from a weaker sterling. I would have thought that aveva's exposure to energy companies should now be a positive rather than the negative it was considered last year.
Seems to me that we've been on a big slide since the Block Listing Return. Hopefully someone else can explain the background reason.
RNS announced on Wed, 8th Sep 2021 at 14:24
Does anyone know the reason for the fall over last two days. I can find no news or chat on anything extraordinary? Thank you.
RNS this morning 27th May 21 and on first reading a Synopsis
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-- Revenue GBP820.4m (FY20: GBP833.8m)
-- Profit from operations was GBP36.6m (FY20: GBP95.0m)
.
-- Proposed final dividend of 23.5 pence, XD 9 July Paid 4 August
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AVEVA business was resilient, achieving revenue growth of 0.2%
Standalone OSIsoft business performed well, achieve full year revenue growth of 6.6%
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Proposes to perform a capital reduction, reducing share premium and creating additional distributable reserves within retained earnings of approximately GBP1.0 billion. subject to approval by shareholders at the Annual General Meeting on 7 July 2021.
Hi rubble
When are they due ?
Results not long away now . This has to be worth a punt at these levels .
CEO, Craig Hayman, has decided to return to the USA for personal reasons and will leave the Group after the AGM in July...see RNS
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This appears to reason for dip in share price on 27 April the day of the Trading Update
Certainly been moving up lately
Tuesday 27 April 2021 Trading Update
Tuesday 25 May 2021 Annual Results Announcement
Thursday 1 July 2021 Capital Markets Day
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Share price action in recent days has been positive. Possible good news in the iar ???
Share Price upso far today over 2.4% at 3,503 with no News reported before Easter.
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Any IDEAS why ???
First a NED, then CFO, now finance director and his wife sold over £1mill between them all....something going on you think? Wonder how the OSIsoft deal is coming along
____________Synopsis
Q3 was a strong quarter of contract renewals over 20% organic constant currency revenue growth This was driven by a significant number of scheduled subscription renewals, including a large renewal in the Food sector.; renewal of a large EPC contract; two large contracts in the Marine sector.
The order pipeline for the remainder of the financial year is solid, supported by efficient digital demand generation and several large contract renewals, albeit fewer thanQ3 looked strong seen in the third quarter
On 31 December, AVEVA had GBP2.7 billion of cash (mostly held in US dollars) and no debt, reflecting the proceeds of the Rights Issue ahead of the completion of the OSIsoft acquisition.
____________OSIsoft update
OSIsoft continued to perform well and achieved billings growth of 8.5% in the financial year to 31 December 2020, in line with management plans. This was driven by strong growth in the Power Generation & Distribution, Chemicals & Petrochemicals and Pharmaceuticals & Life Sciences markets, partly offset by slightly weaker orders from the Oil & Gas and Mining, Metals, Metallurgy & Materials markets.
Prospects looking strong for Aveva in case of market rise....
CEO did well to sell at £47.50 in Sept.
60% underwritten, I guess £29
Hi guys - not been following Aveva last few weeks, but have traded it well this year
What was todays fall all about? Is it a good time to jump back in?
Thanks for any feedback?
GLA
The value of your rights are using the sample, 70 times AVVN price or £715.40, if you sell them before 7 Dec. They can be worth B all if you don't sell them or buy them by 7 Dec. NO ACTION means they may be or may not be sold in an auction when B all is a possible outcome
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TERP was the value calculated in Circular on 5 Nov. What it will be on 8 Dec is your guess
Given that we have to pay 2250p for the new Rights Issue shares and yet the market price for my entire holding may well fall to below 2500p by 10th Dec once all RI shares are eligible for trading, I cannot see any benefit to buying them. Kindly help me out. Also if I sell the free Rights Issue shares (worth bugger all), does that affect the value of my overall holding. Still confused despite SailorBeware's excellent thesis.