Ankündigung • Sep 21
AVEVA Announces Board Appointments AVEVA, announced the appointment of two new non-executive directors to its board this September. The appointments come as the company further strengthens its focus on the transition to Software-as-a-Service (SaaS) and expands in key markets including the US and China. Dr. Yanbing Li, a digital engineering expert, brings expertise as a tech entrepreneur and innovator in the US and China. Dr. Yanbing Li is a global business and technology leader with extensive experience building market leading products and hyper-growth businesses of over USD 1 billion. Deeply rooted in technology and engineering, she has led large-scale international business operations. She brings expertise in cloud commerce and enterprise software, and the evolving digital SaaS marketplace. Carl Bass, former CEO of Autodesk, will support business strategy in the transition to Software-as-a-Service. Carl Bass is a former president and chief executive officer of industrial design software company Autodesk. He was credited with expanding Autodesk beyond its core software offerings through acquisitions and new product developments, leading the transition from 2D to 3D model-based design. Carl is co-founder of Flying Moose, Ithaca Software and buzzsaw. Ankündigung • Jan 18
AVEVA Group plc(LSE:AVV) dropped from S&P Global BMI Index AVEVA Group plc(LSE:AVV) dropped from S&P Global BMI Index Ankündigung • Dec 23
AVEVA Group plc Announces Resignation Ayesha Khanna, an Independent Non-Executive Director, Effective December 31, 2022 AVEVA Group plc announces that Dr. Ayesha Khanna, an independent Non-Executive Director, has resigned from the Board. Her departure will be effective on 31 December 2022. Ankündigung • Dec 16
AVEVA Group Announces Cancellation of Listing of Its Shares Effective on 19 January 2023 On 21 September 2022, the boards of Schneider Electric and Bidco and the AVEVA Group plc Independent Committee announced that they had reached agreement on the terms of a recommended cash acquisition by which the entire issued and to be issued share capital of AVEVA (excluding AVEVA Shares held by Samos, an indirect wholly-owned subsidiary of Schneider Electric) would be acquired by Bidco (the "Acquisition"). It is intended that the Acquisition will be effected by means of a Court approved scheme of arrangement under Part 26 of the Companies Act 2006, and is subject to the terms and conditions set out in the scheme document published on 18 October 2022 (the "Scheme Document"). Suspension of listing and dealings in AVEVA Shares is on 7.30 a.m. on 18 January 2023. Cancellation of listing of its Shares effective on 19 January 2023. Ankündigung • Oct 18
AVEVA Group plc Provides Revenue Guidance for the Fiscal Year 2023 AVEVA Group plc provided revenue guidance for the fiscal year 2023. The full year projections indicate revenue seasonality at broadly similar levels to previous years and significantly lower second half cost increases. Ankündigung • Sep 22
AVEVA Group plc to Delist from the London Stock Exchange The boards of Schneider Electric and Bidco and AVEVA Group plc Independent Committee are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition by which the entire issued and to be issued share capital of AVEVA (excluding AVEVA Shares held by Samos Acquisition Company Limited ("Samos"), an indirect wholly owned subsidiary of Schneider Electric) will be acquired by Bidco. Prior to the Scheme becoming Effective, it is intended that applications will be made to the London Stock Exchange to cancel trading in AVEVA Shares on its Main Market for listed securities and to the FCA to cancel the listing of the AVEVA Shares from the Official List, in each case, to take effect from or shortly following the Effective Date. Ankündigung • Sep 21
Aveva Group plc to Delist from the London Stock Exchange Prior to the Scheme becoming Effective, it is intended that applications will be made to the London Stock Exchange to cancel trading in AVEVA Group plc Shares on its Main Market for listed securities and to the FCA to cancel the listing of the AVEVA Shares from the Official List, in each case, to take effect from or shortly following the Effective Date. The last day of dealings in, and registration of transfers of, AVEVA Shares on the Main Market of the London Stock Exchange is expected to be the Business Day immediately prior to the Effective Date and no transfers will be registered after 6.00 p.m. (London time) on that date. On the Effective Date, entitlements held within the CREST system to the AVEVA Shares will be cancelled, and share certificates in respect of the AVEVA Shares will cease to be valid.As soon as possible after the Effective Date, it is intended that AVEVA will be re-registered as a private limited company. Ankündigung • Aug 25
Schneider Electric Confirms Considering Possible Offer for the Entire Issued, and to Be Issued, Share Capital of AVEVA Following the recent press speculation regarding AVEVA Group plc (LSE:AVV), Schneider Electric S.E. (ENXTPA:SU) confirms that it is considering a possible offer for the entire issued, and to be issued, share capital of the Company not currently owned by Schneider Electric. No proposal has been made to AVEVA yet and there can be no certainty that any offer will be made, nor as to the terms on which any offer will be made (should one be made). In accordance with Rule 2.6(a) of the Code, Schneider Electric must, by not later than 5.00 p.m. on 21 September 2022, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can only be extended with the consent of The Panel on Takeovers and Mergers (the "Takeover Panel") in accordance with Rule 2.6(c) of the Code. Whether or not an offer is made, Schneider Electric remains committed to AVEVA, to its agnostic and autonomous business model and to its employees. Schneider Electric believes that a full combination of AVEVA and the software business of Schneider Electric will reinforce AVEVA, and enable it to execute its growth strategy faster. Recent Insider Transactions • Aug 03
CTO and Executive VP of R&D recently sold UK£57k worth of stock On the 26th of July, Andrew McCloskey sold around 2k shares on-market at roughly UK£23.11 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£252k more than they bought in the last 12 months. Ankündigung • Jul 16
AVEVA Group Declares Final Dividend for the Year Ended 31 March 2022 Payable on 5 August 2022 AVEVA Group plc at the AGM held on July 15, 2022 declared a final dividend of 24.5 pence per ordinary share in respect of the year ended 31 March 2022 to shareholders on the register of members at close of business on 8 July 2022, payable on 5 August 2022. Ankündigung • Jul 09
Schuller & Company Gmbh acquired BoCad 2 software division of AVEVA plc from AVEVA Group plc (LSE:AVV). Schuller & Company Gmbh acquired BoCad 2 software division of AVEVA plc from AVEVA Group plc (LSE:AVV) on July 6, 2022. Sven Schweneke, Bernd Pirpamer, Nils Müller, Rolf Kowanz, Lutz Schreiber, Simon Weppner, Daniel von Brevern from Eversheds Sutherland (Germany) LLP and Ewa Lachowska-Brol from Wierzbowski Eversheds Sutherland acted as legal advisor to AVEVA Group plc (LSE:AVV). Franck Bourgeois and Déborah Attali from Eversheds Paris LLP and Eversheds Sutherland acted as legal advisor to AVEVA Group plc (LSE:AVV).
Schuller & Company Gmbh completed the acquisition of BoCad 2 software division of AVEVA plc from AVEVA Group plc (LSE:AVV) on July 6, 2022. Buying Opportunity • Jul 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.7%. The fair value is estimated to be UK£28.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Jun 30
Upcoming dividend of UK£0.24 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 05 August 2022. The company is not currently making a profit and its cash payout ratio is 85%. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (2.2%). Reported Earnings • Jun 09
Full year 2022 earnings released: UK£0.21 loss per share (vs UK£0.11 profit in FY 2021) Full year 2022 results: UK£0.21 loss per share (down from UK£0.11 profit in FY 2021). Revenue: UK£1.19b (up 45% from FY 2021). Net loss: UK£62.6m (down 352% from profit in FY 2021). Over the next year, revenue is forecast to grow 12%, compared to a 26% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Anne Stevens was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • May 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be UK£27.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Meanwhile, the company became loss making. Ankündigung • May 19
Aveva Group plc Announces Resignation of Ravi Gopinath from His Executive Role as Chief Strategy Officer and Chief Cloud Officer Spectris plc announces that, Ravi Gopinath, Non-executive Director, has notified the Company that he has stepped down from his executive role as Chief Strategy Officer and Chief Cloud Officer at AVEVA Group plc with effect from 1 April 2022. Buying Opportunity • Apr 28
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be UK£25.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Meanwhile, the company became loss making. Ankündigung • Apr 28
AVEVA Group plc Provides Sales Guidance for the Year 2023 AVEVA Group plc provided sales guidance for the year 2023. Revenue growth is expected to be lower in fiscal year 2023 than in fiscal year 2022. Ankündigung • Apr 21
AVEVA Group plc Announces Executive Changes AVEVA Group plc announced the appointment of Anne Stevens as an independent Non-Executive Director from 1 May 2022. Anne will also join the Remuneration Committee and the Audit Committee from 1 May 2022. Jennifer Allerton will step down as a Non-Executive Director and Chair of the Remuneration Committee at the conclusion of the 2022 AGM, at which point Anne Stevens will become the Chair of the Remuneration Committee. Anne was Chief Executive of GKN plc from January 2018 to April 2018, having formerly been a Non-Executive Director. She was formerly Chairman and CEO of SA IT Services from 2011 until her retirement in December 2014. Board Change • Mar 29
High number of new directors Independent Non-Executive Director Ayesha Khanna was the last director to join the board, commencing their role in 2021. Recent Insider Transactions • Mar 11
CTO and Executive VP of R&D recently sold UK£159k worth of stock On the 7th of March, Andrew McCloskey sold around 7k shares on-market at roughly UK£24.03 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought UK£320k more than they sold in the last 12 months. Ankündigung • Feb 17
AVEVA Group plc Provides Sales Guidance for the Year 2022 AVEVA Group plc provided sales guidance for the year 2022. The group's sales pipeline for the remainder of the financial year is solid, supporting management plans for good revenue growth in the final quarter, giving a revenue outlook for the full year that is in line with expectations. Buying Opportunity • Feb 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be UK£33.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% per annum over the last 3 years. The company became loss making over the last year. Upcoming Dividend • Dec 30
Upcoming dividend of UK£0.13 per share Eligible shareholders must have bought the stock before 06 January 2022. Payment date: 04 February 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (1.5%). Reported Earnings • Nov 11
First half 2022 earnings released: UK£0.27 loss per share (vs UK£0.13 loss in 1H 2021) The company reported a mediocre first half result with increased losses and weaker control over costs, although revenues improved. First half 2022 results: Revenue: UK£480.9m (up 45% from 1H 2021). Net loss: UK£81.5m (loss widened 302% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Board Change • Nov 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ayesha Khanna was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 01
Upcoming dividend of UK£0.23 per share Eligible shareholders must have bought the stock before 08 July 2021. Payment date: 04 August 2021. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (1.6%). Recent Insider Transactions • Jun 03
CEO & Non-Executive Vice Chairman recently bought UK£479k worth of stock On the 1st of June, Peter Herweck bought around 14k shares on-market at roughly UK£35.48 per share. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of UK£268k worth in shares. Reported Earnings • May 27
Full year 2021 earnings released: EPS UK£0.11 (vs UK£0.43 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£820.4m (down 1.6% from FY 2020). Net income: UK£24.8m (down 65% from FY 2020). Profit margin: 3.0% (down from 8.4% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Ankündigung • May 25
AVEVA Group plc Proposes Final Dividend for the Year Ended March 31, 2021, Payable on 4 August 2021 AVEVA Group plc announced that the Directors proposed to pay a final dividend of 23.5 pence per share for the year ended March 31, 2021. The final dividend will be payable on 4 August 2021 to shareholders on the register on 9 July 2021. Executive Departure • May 21
Finance Director & Company Secretary has left the company On the 17th of May, David Ward's tenure as Finance Director & Company Secretary ended after 3.2 years in the role. As of March 2021, David personally held 10.84k shares (UK£371k worth at the time). David is the only executive to leave the company over the last 12 months. Ankündigung • May 13
Schneider Electric S.E. (ENXTPA:SU) entered into an agreement to acquire Acquis Software, Termis Software and Water Loss Management Software businesses from AVEVA Group plc (LSE:AVV) for £2.6 million. Schneider Electric S.E. (ENXTPA:SU) entered into an agreement to acquire Acquis Software, Termis Software and Water Loss Management Software businesses from AVEVA Group plc (LSE:AVV) for £2.6 million on May 11, 2021. Completion of the transaction is expected to occur in or around July 2021. Recent Insider Transactions • Feb 13
Finance Director & Company Secretary recently sold UK£152k worth of stock On the 11th of February, David Ward sold around 4k shares on-market at roughly UK£37.75 per share. In the last 3 months, there was an even bigger sale from another insider worth UK£271k. Despite this recent sale, insiders have collectively bought UK£261k more than they sold in the last 12 months. Ankündigung • Jan 29
David Ward to Step Down as Company Secretary & Fd of AVEVA Group plc AVEVA Group Plc notes the announcement that David Ward, currently Company Secretary and Finance Director reporting to AVEVA's Deputy CEO and CFO James Kidd, will be joining GB Group plc as a Board Director and CFO with effect from 17 May 2021. David leaves AVEVA after 10 years of service and does so with the very best wishes of the Board and his colleagues. Recent Insider Transactions • Jan 21
Non-Executive Vice Chairman recently sold UK£271k worth of stock On the 19th of January, Peter Herweck sold around 7k shares on-market at roughly UK£38.13 per share. This was the largest sale by an insider in the last 3 months. Peter has been a seller over the last 12 months, reducing personal holdings by UK£122k. Upcoming Dividend • Dec 31
Upcoming Dividend of UK£0.12 Per Share Will be paid on the 5th of February to those who are registered shareholders by the 7th of January. The trailing yield of 1.4% is below the top quartile of British dividend payers (4.7%), and is lower than industry peers (1.7%). Is New 90 Day High Low • Dec 02
New 90-day low: UK£31.91 The company is down 35% from its price of UK£48.80 on 03 September 2020. The British market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£18.01 per share. Ankündigung • Oct 03
Aveva Group plc Announces the Resignation of Ron Mobed as Non-Executive Director, Effective from 1 December 2020 AVEVA Group plc announced that with effect from 1 December 2020, Ron Mobed, a Non-executive Director of the Company, will join the Board of Robert Walters PLC, the leading international recruitment group. Following a period of hand over, Ron Mobed will take on the role of Non-executive Chairman of Robert Walters PLC on 29 January 2021. Ankündigung • Jul 31
Factory Systemès France acquired Schneider Electric GmbH from AVEVA Group plc (LSE:AVV). Factory Systemès France acquired Schneider Electric GmbH from AVEVA Group plc (LSE:AVV) on April 8, 2020. Henning Frase, Claas Fuhrmann, Alexander Strecker, Claas Winkler and Yvonne Gallus of ckss Carlé Korn Stahl Strahl Partnerschaft mbB acted as legal advisor to Factory Systemès. Sven Schweneke, Simon Weppner, Manuela Rauch and Rolf Kowanz of Eversheds Sutherland (Germany) LLP acted as legal advisor to AVEVA Group.
Factory Systemès France completed the acquisition of Schneider Electric GmbH from AVEVA Group plc (LSE:AVV) on April 8, 2020.