Member Info for MaryBr190

https://www.londonstockexchange.com/news-article/PFC/petrofac-limited-petrofac-and-hitachi-energy-secure-framework-worth-approximately-13-billion-euros/15897090

Unions throttling the postal side means acceleration of its demise leaving the hive off, ring-fence and rehiring all but a formality. Greed will cost the members jobs but boarons don't care for minions.

Once sorted this has £4 all over it.

£4 or bust.

Wood waits to hear whether US private equity giant Apollo Global Management intends to push ahead with a cash offer valuing the business at just shy of $2bn (£1.6bn).

In a statement issued after the London Stock Exchange closed on February 22, Wood confirmed that it had rejected three unsolicited offers from Apollo valuing the Scottish-headquartered company at 230p per share. The news drove a surge in Wood's share price the following day, though the stock has remained adrift of Apollo's mooted offer.
On March 7 Wood said it had received a fourth proposal from Apollo at 237p per share. Board members said at that time they were "minded to reject" on the basis that the price undervalues the business.

Under Takeover Panel rules, Apollo must decide by April 19 whether it will proceed with a firm offer.

Wood's profits for 2022 came in at the top end of its guidance range thanks in part to solid performances from its operations and consulting business.

Adjusted earnings came in at $385 million, with revenues up by 4 per cent at $5.4bn. The consulting segment posted growth of 4% while operations increased revenues by 15%.
"Operations is predominantly oil and gas, and what we are seeing there is a lot of our clients trying to really squeeze as much as they can out of the installed asset base that they have at the moment," Mr Gilmartin said.

"So they are spending more on maintenance, [and] spending quite a lot on...maximising the energy production while minimising the emissions of what they already have."

Meanwhile, the consultancy business has been driven by energy transition and security concerns.

If that case, you can sell anytime if you do not wish to wait it out. Upside risk of higher bidder though will hold till the death.

Up to 27th is my read for qualification.

24 March 2023 Approval of the UK Prospectus by the FCA and approval of the German Prospectus by BaFin
24 March 2023 Publication of the UK Prospectus and the German Prospectus
27 March 2023 International transfers of shares in the Company between the CREST system in the UK and the Clearstream
system in Germany paused from close of business
27 March 2023 Subscription Offer published
28 March 2023 Subscription Period begins; Subscription Rights trading on HSE and FSE begins; existing shares of the
Company will be quoted "ex subscription rights" on the HSE, the FSE and the London Stock Exchange
29 March 2023 Record date for Subscription Rights entitlements
DI Pre-Emptive Rights Subscription Period begins; DI Pre-Emptive Rights begin trading on a multilateral
trading facility of the London Stock Exchange
30 March 2023
International transfers of shares in the Company between the CREST system in the UK and the Clearstream
system in Germany resume from open of business
12 April 2023 Subscription Rights and DI Pre-Emptive Rights cease trading
17 April 2023 Subscription Period and DI Pre-Emptive Rights Subscription Period end
18 April 2023 Rump Placement, if any
Commencement of trading in the New Shares
24 April 2023 Settlement of New Shares with shareholders and investors

C&C sees jump in FY profit, revenue despite 'challenging' backdrop

Thu, 23rd Mar 2023 07:53

(Sharecast News) - Bulmers and Magners owner C&C Group said on Thursday that it expects to report a jump in full-year revenues and operating profit despite a challenging backdrop, and to resume dividend payments later in the year.

In an update for the year to 28 February, the company said it expects to report an 18% year-on-year rise in revenues to around €1.69bn, with volumes up 4%. Meanwhile, operating profit is expected to come in at €84m, up from €48m a year earlier.

"This outcome reflects a number of factors, including the previously noted softer than expected Christmas trading and the impact of the various strikes in the UK," it said.

"In February, the group commenced a significant technology project in our GB operations, a key step in the digital transformation and optimisation of the business. The implementation phase of the project is taking longer than originally envisaged, with some consequent impact on service and profitability, however, encouragingly service levels have largely returned to normal levels."

C&C said it was pleased with the performance of its core brands - Bulmers and Tennent's - despite a "challenging" backdrop. It pointed out that according to the latest MAT volume data, both are continuing to grow category share.

The group said net debt reduced to around €150 from €271m at the end of FY2022, while the leverage multiple fell to 1.3x from 3.x4.

"Given the strength of the balance sheet and cash flow generation, C&C intends to recommence dividend payments following the announcement of its FY2023 results and will evaluate the potential for further capital returns to shareholders in due course," it said.

Tantrum - not from the coverage i saw. Principled and pointing out that Rishi's deal puts the tentacles into the UK. The Brexit stealth reversal is complete.

Oh and sneaked out Rishis effective tax rate of 22% on £5m taxable over 3 years. He certainly knows how to contribute to the Exchequer.

holding a core and trading works to remain in get dividend and lower the average.

looks like rerating underway ahead of the mining news - could hit £1 or 50p - great for a trade for sure.

Topping up on any weakness.

seems stabilizing here for a move up. Dropped from 245 to sub 159p without news. Gotta be worth an entry here.

BUY LOW SELL HIGH

Mar 21, 2023 144.00 148.90 144.00 148.90 148.90 5,310,181
Mar 20, 2023 - - - - - -
Mar 17, 2023 142.10 147.60 142.10 145.30 145.30 1,759,748
Mar 16, 2023 140.00 145.60 140.00 145.00 145.00 618,060
Mar 15, 2023 142.70 144.03 138.70 141.00 141.00 2,155,627
Mar 14, 2023 139.70 143.00 139.00 142.90 142.90 1,248,453
Mar 13, 2023 140.80 146.50 139.40 140.70 140.70 779,174
Mar 10, 2023 146.50 146.70 142.40 144.10 144.10 1,638,305
Mar 09, 2023 146.20 150.00 146.20 149.30 149.30 538,961
Mar 08, 2023 151.20 151.20 145.70 149.30 149.30 803,203
Mar 07, 2023 148.70 149.60 146.70 147.60 147.60 1,225,571
Mar 06, 2023 149.30 151.79 146.00 147.20 147.20 801,570
Mar 03, 2023 152.30 152.30 148.30 148.30 148.30 698,720
Mar 02, 2023 148.90 149.60 146.40 148.90 148.90 347,968
Mar 01, 2023 148.70 154.20 148.20 148.20 148.20 1,201,250
Feb 28, 2023 152.20 152.20 147.60 148.90 148.90 1,245,031
Feb 27, 2023 149.30 151.90 147.50 149.00 149.00 476,174

Always worth a watch when the volume spikes.

You can see the white flag waving.

We have given up, results in line, Apollo are going to be gited an agreed offer of around 240p.

Board are begging for another suitor and hoisting the sale ending soon sign in case others want the bargain.

Should underpin the price today.

Yes it looks like everyone has had enough and that Apollo are going to seal the deal.

The Board will line their pockets, Apollo will sweeten the deal for an agreed bid slightly higher, say 240 or 250.

Certainly sounds like deal is done and should see the price rise sharply today. This announcement has been made with the agreement of Apollo as no statement to the contrary has been made.

The BoD is squirming here, stalked and downed by Apollo.

Going bust soon - don't think so - a bargain it seems

Nice dividend - potential bid - excellent - topped up as yielding over 10%.

When this blows this will blow BIG. HOLD4GOLD.

Sorrell ill
Whoppers leaving
Market turmoil
Interest rate hikes
Sentiment

all the bad news here.......

MAKES IT A SCREAMING BUY !!!!!!!!