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Started: Monkshood, 22 Sep 2020 09:30
Last post: Monkshood, 22 Sep 2020 09:30
This will help offset any merger costs - it is approx 1/10th of the joint annual profit....
Last post: Monkshood, 7 Sep 2020 19:22
That was because RWS was at a lot higher price when they announced the takeover than it is now.
'Based on the Exchange Ratio and the Closing Price of 741 pence per RWS Share on the Latest Practicable Date'
If you multiply this price by 1.2246 you end up around 907
Well, I agree, however, I am still confused about the initial announcement which values SDL at 907 pence per share?
At the moment - not a lot.
You need to multiply RWS share price by 1.2246 to get the value of SDL so they are about where you would expect relative to one another (at the moment SDL should be 758)
I am lost. SDL is at 746, RWS is at 616. What will happen with the share price at the time of the merger?
To be perfectly honest no...
RWS's is just over 600 at this price, they are paying a premium for SDL but then their price has dropped since the news. The FTSE index change rather muddies the water but I it looks like the market has settled on something around the current level.
Both companies held up OK through the lockdown and both indicate that things have picked up well since .
Originally I held SDL as a FTSE250 punt, picked up some more in the dip then sold out on the news of the takeover. Back in now that the price has settled. RWS has a good track record of growth and the fit between the business is good so I have decided to buy and hold for the midterm at least.
The combined company will have a lot of potential as an important global player in translation services.
Last post: Monkshood, 27 Aug 2020 15:06
I think that the combined company could have good potential going forward- I will probably buy back in once the price has settled.
I saw that but I am happy with what I got
Based on the Exchange Ratio and the Closing Price of 741 pence per RWS Share on the Latest Practicable Date, the Combination values each SDL Share at 907 pence and SDL's existing issued and to be issued share capital at approximately £854 million, representing a premium of:
· 52 per cent. to SDL's closing share price of 598 pence on 26 August 2020.
Well that was a nice surprise. Out at 865...
And it's still going strong...
Mcap is getting into the FTSE250 range which will drive it up further.
Started: pickedpeck, 9 Jan 2020 11:34
Last post: Monkshood, 27 Feb 2020 17:45
It certainly does have a large spread!
This is one of very few of my holdings which has held up this week so not surprised to see that M&G have been building up a stake. I added a few extra as well. Perhaps the large spread stops people trading them as much as some other shares (HAT is a bit like this at times)?
For example, spread is showing as 6.76% right now, 562-600 , and only 5 trades by lunch time on a Monday! Am I missing something?
This is a weird stock. Spread is huge and opened up on a daily basis to discourage trading it seems, hence no trading volume on a day to day basis punctuated by bursts of back to back deals.
You would think this was an illiquid £5m AIM stock not a £0.5Bn company.
The top 20 owners have only 48% of the stock suggesting a lot of small holders with the other half, but why so little trading?
At a glance it looks like a squeeze play.
Just in case anyone else owns this on LSE, anyone got any thoughts on the large trades yesterday followed by a 5% jump today?
07-Jan-20 13:24:30 585.00 214,908 Sell* 574.00 598.00 1m O
07-Jan-20 13:23:58 585.00 134,992 Sell* 574.00 598.00 789.70k O
07-Jan-20 13:23:42 585.00 77,287 Sell* 574.00 598.00 452.13k O
07-Jan-20 13:02:30 585.00 50,000 Sell* 574.00 598.00 292.50k O
07-Jan-20 13:01:53 585.00 50,000 Sell* 574.00 598.00 292.50k O
07-Jan-20 12:35:50 585.00 100,000 Sell* 574.00 598.00 585.00k O
Near £3m traded in half an hour.
On top of that, results due in a few weeks, the H1 looked very good on a YoY basis and had some additional positivity looking at H2. Recent broker consensus is 25% up from here, looking at the growth rate that may be a little conservative.
Started: havealot, 6 Aug 2018 11:48
Last post: Newbee99, 19 Aug 2018 09:59
I think this means that whereas previously R and D costs included an element of allocated indirect/overhead costs, R and D costs are now only the direct costs of R and D.
Could anyone explain the following from note 3:
Following the capitalisation of research and development cost in 2017, the Group has changed the basis of research and development cost disclosure of amounts charged to the profit and loss account above. These costs are now disclosed on the basis of direct costs only, in line with the capitalised costs basis. In prior years, the costs were disclosed on a fully absorbed basis.
The impact of this change has been to reduce research and development costs in 2017 from £15.9m to £10.8m for Continuing Operations and from £17.0m to £11.9m for the total Group. Management believe that the presentation of consistent research and development disclosures provides more meaningful information to the users of the Half year financial information.
Hope you are right as have just bought in believing the fall overdone....
drop well over done
SDL down 21% after profit slide, margin warning Published: Aug 1, 2017 3:56 a.m. ET
Started: andrewgoodman, 14 May 2015 13:08
Last post: andrewgoodman, 14 May 2015 13:08
Been some significant drops in this sp in early May. Based upon next to nothing. The fundamentals remain, the board are bullish. Funding streams open. Dividend to be paid. Once those who bought for the dividend have sold, most probably have by now, we should see normality continue. All indicators that I have seen point in only one direction. GLA
Started: steadyaswego, 5 May 2015 17:02
Last post: steadyaswego, 5 May 2015 17:02
Is a very interesting shareholder. More interesting is their short history in buying shares in British companies. I think we have a bid on the way.
Started: andrewgoodman, 29 Apr 2015 16:45
Last post: andrewgoodman, 30 Apr 2015 13:47
In the end 100000 shares sold with only a few thousand bought. Really do not understand the logic in selling on the 29th.
Dont understand why over 4000 shares are sold 1 day before exdividend day 30th april. Unless they think the price is high because of the dividend date. If it is overpriced because of the date then it will only be a blip. All indicators are still very good for continued growth
Started: andrewgoodman, 24 Apr 2015 19:19
Last post: andrewgoodman, 24 Apr 2015 19:19
The trend of rating the value of this stock as buy continues. It is being suggested at 650. THis would suggest 550 is distinctly possible. Maybe in less than 18 months.
Started: andrewgoodman, 24 Apr 2015 13:17
Last post: andrewgoodman, 24 Apr 2015 13:17
ceo - "We enter a new year with a solid pipeline of opportunities and are well placed for accelerating revenue growth" 10th March 2015
Started: andrewgoodman, 17 Mar 2015 12:59
Last post: andrewgoodman, 18 Mar 2015 12:09
Correction the dividend was in June 2013
Whether SDL will reach the heady hights of £10 or not, I have no idea, I do see £5.5 or a number close to that within the next 18 months or so. The company has now said it will be paying dividends circa 2.5p per share. This is very positive, for years SDL has not paid a dividend (although it did pay a small one last year, but I think that had more to do with reassuring the market than anything else) rather they have been a buyer of other technology companies to strengthen their own. Adobe buying SDL looks tantalizing. Lets not get carried away at this stage.
I'm expecting that they will attract a bid at some point. There is no way a company like this with the client list they have and the dominance they have in translation will stay independent for long. The customer experience market is growing at 15% annually and there are big players who will I imagine be looking at SDL very closely. In the past there have been big companies who have acquired to enter this market so I am expecting consolidation or companies that will be new entrants via an acquisition. You can call me mad but I see a takeover price coming in at between £10-13 per share. Potential predators could be :Saleforce, Adobe, Microsoft or OpenText.
Good to see another positive broker assessment on SDL. The Numis assessment is particularly encouraging as they have increased significantly their value of the stock. I am anticipating a positive end of year report and assessment with further growth in the first quarter.
Started: andrewgoodman, 13 Feb 2015 19:19
Last post: andrewgoodman, 13 Feb 2015 19:19
A good piece of business seen today. Once the ramifications are drawn out the sp should rise again. Looking to improve by some 50 points.
Started: andrewgoodman, 4 Feb 2015 17:48
Last post: andrewgoodman, 4 Feb 2015 17:48
19th Jan investec judgement was 490. The shares achieved 440. Today they are suggesting 625. That will be 575 then, which will be an excellent recovery by the company over the 24 months. The investment in the sales team was obviously a very good business decision. Getting close to making everyone happy!!
Started: andrewgoodman, 23 Jan 2015 12:29
Last post: andrewgoodman, 23 Jan 2015 12:29
There looks like some stronger buying pressure today. Unless there is something silly happening over the next few weeks i see this share price reaching 4.5 plus by the end of next week and then 4.8 by the end of february. All the news from the company has been good, the prospects for the ecconomies are good relating to technology. And of course most importantly my fingers are crossed. What could go wrong?
Started: andrewgoodman, 19 Jan 2015 17:35
Last post: andrewgoodman, 19 Jan 2015 17:35
As hoped for a good end of year report has released the sp. Moving around somewhat during the day but holding well. Surprised at the limited take up of the sold shares. The fact that the sp has already reached the latest broker rating has probably not helped. I think this still has legs but may pull back somewhat tommorow. 5.50 is (in my opinion) still destinctly achieveable during the next few months. The potential upside is very good. I consider this to now be a safe share to hold and you never know, they may even pay a dividend, although i am not holding my breath for that i would rather see the money going into growing tne business and getting the value out of a rising sp. Good luck all
Started: andrewgoodman, 11 Jan 2015 15:29
Last post: andrewgoodman, 11 Jan 2015 15:29
Still a long way to go but i am pleased with the way this company is managing its recovery. It may be a while before 550 is reached. But a good end of year report and we could be there before the end of 2015!! Tom may be happy again. I am glad i stuck with them.
Started: Chickenlicken1, 9 May 2014 12:07
Last post: Chickenlicken1, 9 May 2014 12:07
sorry. posted on wrong company page. was referring to another company
Started: Chickenlicken1, 7 May 2014 15:04
Last post: Happytom, 7 May 2014 23:52
I seem to be missing any context here - are you talking about their mid-March report? If so, then which news? If not, what have you heard? Thanks, Happy
Cannacord have to be quite annoyed that they pressed the send button on their detailed report just as the news came out. i take this as being more about growing pains than a serious issue. the management do have egg on their faces as it comes so soon after the acquisition but could they have anticipated that it was going to happen?
Started: Happytom, 27 Feb 2014 13:45
Last post: Happytom, 27 Feb 2014 13:45
to make new directors feel welcome!
Started: bonker99, 21 Jan 2014 14:39
Last post: Happytom, 21 Jan 2014 15:00
I'd be happy with 550p - can you raise it to that :) Actually, looking at the sector and where the UK is currently heading, this is just a long term hold for me, should be back in profit 2014 so divi will be available again (I'm assuming that there won't be one this year, but they may pay out to support the price). In that case, I see us back over 600p in the next two years, but a lot could happen between now and then!
could be 470-490p ...
Last post: bonker99, 21 Jan 2014 14:37
to be heading for c460p to my eyes ... GLA
Last post: Happytom, 21 Jan 2014 10:36
Really??? OK, so cash position is down slightly, but legals are now out of the way, restructuring is complete, and revenues ahead of latest projections. Broker ratings really are beyond the pale sometimes!
Started: BlueDealer, 9 Jan 2014 11:28
Last post: BlueDealer, 9 Jan 2014 21:54
Big buy after hours, too...
1 share bought at 11.11am!!!