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Pin to quick picksEagle Eye Share News (EYE)

Share Price Information for Eagle Eye (EYE)

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Share Price: 487.00
Bid: 474.00
Ask: 500.00
Change: 0.00 (0.00%)
Spread: 26.00 (5.485%)
Open: 487.00
High: 487.00
Low: 487.00
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AIM WINNERS & LOSERS: M&C Saatchi soars on Next Fifteen buyout offer

Fri, 20th May 2022 11:19

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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M&C Saatchi PLC, up 35% at 222.00 pence, 12-month range 119.07p-227p. Digital marketing services firm Next Fifteen Communications waded into M&C Saatchi's takeover drama by making a GBP310.1 million cash-and-shares offer. The company is offering 0.1637 of a Next Fifteen share and 40p in cash for each M&C Saatchi share, valuing M&C Saatchi shares at 247.2p each. This deal represents a 48% premium to M&C Saatchi's closing price of 167.5p on January 4, the last business day before London-listed acquisition vehicle AdvancedAdvT said it has taken a minority stake. M&C Saatchi was already the target of a hostile takeover attempt by AdvancedAdvT. Under AdvancedAdvT's most recent offer, shareholders in M&C Saatchi will for each share held either receive 2.043 new shares in AdvancedAdvT and 40p in cash, or receive 2.530 new AdvancedAdvT shares. At the time the offer was made, this valued each share of M&C Saatchi at 207.5 pence and GBP253.6 million in total. However, M&C Saatchi rejected the offer, calling it "derisory". Instead, the board is recommending Next Fifteen's takeover offer and urged shareholders to take no action in respect of AdvancedAdvT's offer. Next Fifteen was up 1.4% and AdvancedAdvT up 4.4%.

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Eagle Eye Solutions Group PLC, up 12% at 472.00p, 12-month range 384p-675p. Expects full-year earnings to be ahead of market expectations as a result of its strong trading performance and a number of "significant" new customer wins in the year. The London-based marketing solutions provider says it now expects revenue for the year ending June 30 to be 7% ahead of market expectations of GBP28.1 million and adjusted earnings before interest, tax, depreciation and amortisation to be 10% of market expectations of GBP5.2 million. In its most recently ended financial year, revenue stood at GBP22.8 million and adjusted Ebitda totalled GBP4.2 million.

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AIM - LOSERS

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Tintra PLC, down 6.1% at 126.80p, 12-month range 33p-375p. Says proposed sale of lottery administration business has taken "far longer to complete" than either party expected. Transaction expected to close "broadly as originally anticipated." Comes up with solution to achieve dual goal of completing the transaction with Sterling and freeing up company to complete its funding round. Sets up special purpose acquisition to allow for continued operation of Prize Provision Services. "The nature of the structure is such that once the transaction with Sterling completes, the eventual proceeds of the sale will be received by the company after settling the liabilities of PPS. The board expects the proceeds received from the transaction, will be equal to, or materially the same as, that outlined in the announcement of 21 October 2021," it says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
9 Jan 2019 16:29

Director dealings: Eagle Eye COO ups stake

(Sharecast News) - Eagle Eye Solutions chief operating officer David Aylmer acquired 4,669 ordinary shares in the AIM-listed software-as-a-service outfit on Wednesday, upping his stake to a total of 18,307 ordinary shares as a result.

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8 Jan 2019 15:45

Director dealings: Eagle Eye directors up stake

(Sharecast News) - Eagle Eye Solutions non-executive directors Terry Leahy and Bill Currie both purchased 150,000 ordinary shares in the AIM-listed software-as-a-service outfit on Tuesday.

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8 Jan 2019 11:20

DIRECTOR DEALINGS: Eagle Eye Solutions Non-Exec Directors Buy Shares

LONDON (Alliance News) - Eagle Eye Solutions Group PLC on Tuesday said Non-Executive Directors Terry Leahy and Bill Currie acquired 150,000 shares each in the firm.On Monday, both Leahy and

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7 Jan 2019 14:40

Eagle Eye signs five-year contract with Waitrose

(Sharecast News) - SaaS technology company Eagle Eye has signed a new five-year contract with Waitrose & Partners.

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25 Jul 2018 11:37

Shares In Eagle Eye Solutions Tumble As Revenue Behind Forecasts

LONDON (Alliance News) - Eagle Eye Solutions Group PLC on Wednesday said its revenue for financial 2018 came in below guidance, hurt by contract delays.The stock was trading 11% lower on at

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25 Jul 2018 09:12

Eagle Eye Solutions' revenues strong but short of expectations

(Sharecast News) - Promotional offer software provider Eagle Eye Solutions saw its shares dip on Wednesday after reporting that revenue growth, while strong, was behind management expectations.

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21 May 2018 13:26

Eagle Eye Announces Death Of Non-Executive Director Andrew Thomson

LONDON (Alliance News) - Eagle Eye Solutions Group PLC announced on Monday the death of Non-Executive Director Andrew Thomson.Chairman Malcolm Wall said: "We are saddened by the loss

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10 May 2018 13:44

UPDATE: Eagle Eye Solutions Signs Digital Wallet Pact With Sainsbury's

LONDON (Alliance News) - Eagle Eye Solutions Group PLC said Thursday it signed a new contract with Sainsbury's Supermarkets Ltd, part of J Sainsbury PLC, for the Eagle Eye digital in Eagle Eye

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10 May 2018 11:42

Eagle Eye Solutions Signs New Digital Wallet Contract With Sainsbury's

LONDON (Alliance News) - Eagle Eye Solutions Group PLC said Wednesday it signed a new contract with Sainsbury's Supermarkets Ltd, part of J Sainsbury PLC, for the Eagle Eye digital technology

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6 Feb 2017 10:00

Eagle Eye extends Barclays credit facility

(ShareCast News) - Software as a solution company Eagle Eye has agreed a £1.5m extension to its existing three-year credit facility with Barclays Bank. As a result, it now has a £3m revolving loan facility available until 22 June 2019 to provide future support to the group's current strategic ambiti

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6 Feb 2017 08:03

Eagle Eye Solutions Agrees GBP1.5 Million Extension To Credit Facility

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31 Jan 2017 08:18

Eagle Eye H1 revenue to exceed expectations

(ShareCast News) - Software company Eagle Eye anticipates that revenue for the first half of the year will exceed expectations. For the six months ended 31 December 2016, revenue increased 72% to £5.1m, compared to the previous year, and 6% ahead of expectations of £4.8m. The pace at which the c

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28 Sep 2016 14:14

Director dealings: New Eagle Eye CEO gets skin in the game

(ShareCast News) - Tim Mason, the ex Tesco high flier who took over chief executive at Eagle Eye Solutions earlier this month, has bought his first shares in the AIM-listed producer of software to manage digital loyalty schemes. Mason, who joined as chairman in January but moved into the lead role a

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24 Jun 2016 06:24

Eagle Eye Solutions Agrees GBP1.5 Million Loan Facility With Barclays

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16 Jun 2016 11:09

DIRECTOR DEALINGS: Eagle Eye Solutions CFO Buys Shares

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