www.andor-tech.com


Andor Technology plc (AND.L), a global leader in the development and manufacture of high performance scientific digital cameras for academic, industrial and government applications, today provides notice of the annual general meeting of the company for 2011 and a trading update for the first 4 months of the current financial year.

The company posted a circular convening an annual general meeting of the company to shareholders on 14 February 2011. The annual general meeting will be held on 22 March 2011 at 12 noon at the Company's premises at 7 Millennium Way, Springvale Business Park, Belfast, BT12 7AL.

over 630p

Nice find Baylis!

over 650p

Financial Highlights
Revenue up 42% to 28.3m (2010: 20.0m) - 33% organic growth and 9% via acquisition
operating profit up 40% to 4.5m (2010: 3.2m)
PBT up 39% to 4.5m (2010: 3.3m)
EPS up 35% to 12.62 pence (2010: 9.32 pence)
4.7m cash generation from operations
10.4m net cash
Record 0.7m profit related pay distributed amongst all employees

Operational Highlights
Execution of mid-range camera strategy on track, and delivering to management expectations
Systems division organic revenue up 86% to 5.5m (2010: 2.9m)
Both Bitplane and Photonic Instruments exceed earn out targets
Largest ever single order worth $2.1m for OEM version of Neo
Order book has grown 48% to 15.5m (2010: 10.5m)

reassuring preclose update... investorschampion.com has more details

ANDOR TECHNOLOGY PLC (AND.LN), a scientific camera maker, posted a 50% rise in fiscal-year pretax profit, boosted by strong sales of its new mid-range cameras and its existing product range.
For the year ended Sept. 30, the company made a pretax profit of GBP8.74 million, compared with GBP5.81 million a year earlier. Revenue was up 34% at GBP57.4 million.

Notice of Results
RNS
RNS Number : 6012Q
Andor Technology plc
08 November 2012









08 November 2012







Andor Technology Plc



Notice of Results


Andor Technology plc a global leader in the development and manufacture of high performance scientific digital cameras for academic, industrial and government applications, will announce its Preliminary Results for the year ended 30 September 2012 on Monday 10th December 2012.

The company has a strong balance sheet, good organic growth, pricing power, high quality products and market differentiation which should equate to a strong share price performance as earnings growth is delivered.

Rising with oxford instruments

Andor Technology shares advance on Oxford Instruments takeover interest
By Jamie Ashcroft November 12 2013, 9:14am Andor Technology shares advance on Oxford Instruments takeover interest

Andor Techology (LON:AND) shares advanced after the company said it is willing to negotiate takeover proposals from Oxford Instruments.

Oxford Instruments revealed it has made an indicative 500p per share offer, which values Andor at £160mln, and is a 25% premium to Monday’s closing price.

Andor says the announcement, which accompanied Oxford Instruments’ half yearly results, was “premature and unhelpful”, but it is still open to the possibility of a deal.

“Given the level of uncertainty and conditionality, the board of Andor felt that it could not properly consider the proposal, but it did confirm to Oxford Instruments that it remained willing to continue discussions to explore whether a definitive, acceptable offer might be found that was in the interests of Andor shareholders,” the company said.

On AIM, Andor shares rose 20.75% to trade at 483p each.

The proposed takeover of Andor Technology, a Belfast-based maker of high-tech optical devices, by Oxford Instruments would be a good one, as yesterday’s share price reaction showed. Andor shares jumped 90p to 490p, while those of Oxford Instruments rose sharply as well, up 198p, or 16%, to £14.25, despite the fact that it will be paying out about a fifth of its market capitalisation, or £160m. Perhaps critically, both companies serve broadly the same range of research customers, so the synergies are clear.

http://sharecast.com/news/wednesday-tips-round-up-vodafone-andor-technology-bskyb/21289201.html

SMALL CAP MOVERS: Buoyant technology sector gears up for takeover battles

By Jamie Ashcroft, Proactive Investors

PUBLISHED: 14:14, 16 November 2013 | UPDATED: 14:14, 16 November 2013


On AIM this week, the spotlight was on Belfast-based high-end imaging specialist Andor Technology, which met Oxford Instrument’s £160mln advance with an aloof response.

Andor says it is willing to negotiate takeover proposals, however, it described the publicising of an indicative 500p per share offer as 'premature and unhelpful'.


The market reckons there’s still more to come and that other suitors may yet make a play for the company. Andor shares gained 25 per cent this week.


This could just be the first of many takeover battles, according to Steve Asfour, market maker at FinnCap Securities.

http://www.dailymail.co.uk/money/investing/article-2508309/SMALL-CAP-MOVERS-Buoyant-technology-sector-gears-takeover-battles.html

Update on Possible Offer for Andor Technology plc

RNS


RNS Number : 0991U

Oxford Instruments PLC

27 November 2013






NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION



This is an announcement falling under Rule 2.4 of the City Code on Takeovers and Mergers (the "Code") and does not constitute an announcement of a firm intention to make an offer or to pursue any other transaction under Rule 2.7 of the Code. Accordingly, Andor Technology plc shareholders are advised that there can be no certainty that a formal offer for Andor Technology plc will be forthcoming, even in the event that the pre-conditions in this announcement are satisfied or waived.







27 November 2013





Oxford Instruments plc - Update on Possible Offer for Andor Technology plc



On 12 November 2013, Oxford Instruments plc ("Oxford Instruments" or the "Company") announced that it was in discussions with Andor Technology plc ("Andor") in relation to a possible offer for Andor.

Following the provision of further information including a meeting yesterday between senior management, Oxford Instruments announces that it has now completed its outstanding due diligence and has confirmed to the Board of Andor its proposed offer of 500 pence per share in cash to acquire the entire issued and to be issued share capital of Andor.

The making of any offer remains subject to the following pre-conditions:

i. the unanimous and unqualified recommendation by the Board of Andor in respect of any offer by Oxford Instruments; and

ii. the Directors of Andor giving irrevocable undertakings to accept any offer in respect of all of the Andor shares in which they are interested.

Oxford Instruments reserves the right to waive any or all of the pre-conditions described in this announcement. Even if all of these pre-conditions are satisfied or waived, there can be no certainty that a firm offer will be forthcoming.

Facilities to allow Oxford Instruments to provide certain funds in support of the offer have been negotiated and can be executed at short notice.

Further, Oxford Instruments reserves the right to make an offer on less favourable terms than those set out in this announcement in the event that:

i. Andor announces, declares, pays or makes any dividend or distribution to Andor shareholders at any time, in which case there will be an equivalent reduction in Oxford Instruments' offer price; or

ii. the issued and to be issued share capital of Andor is greater than the 33.2 million shares that has been assumed, such that the pro rata entitlement per Andor share is lower than 500 pence.

Rule 2.6(a) of the Code, requires that Oxford Instruments, by not later than 5.00 p.m. on 10 December2013 (the "relevant deadline"), either announces a firm intention to make an offer for Andor in accordance with Rule 2.7 of the Code or announces 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 be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code

Preliminary Results

RNS


RNS Number : 3674U

Andor Technology plc

02 December 2013






2 December 2013



ANDOR TECHNOLOGY PLC



Preliminary Results for the year ended 30 September 2013



Andor Technology plc (AND.L, "Andor" or the "Group"), a global leader in the development and manufacture of high performance scientific digital cameras for academic, industrial and government applications, today announces preliminary results for the year ended 30 September 2013.



Financial Highlights

Financial performance in line with revised Group expectations:



· Turnover of £54.6m (2012: £58.3m)

· Gross margin increased to 56.2% (2012: 55.7%)

· Adjusted* operating profit in line with revised expectations at £7.2m (2012: £9.8m)

· Adjusted* PBT in line with revised expectations at £7.4m (2012: £10.0m)

· Adjusted* EPS down 23% to 21.2 pence (2012: 27.5 pence)

· Net cash up 34% to £22.9m (2012: £17.1m)

· Recommended final dividend per share increased by 7.5% to 2.15 pence (2012: 2 pence)



*Adjusted results are before the amortisation of acquired intangibles



Operational Highlights



· Full year order intake at record levels

· sCMOS sales to research customers up 39%

· Strengthened portfolio through new product introductions

· 33% growth in opening order book for FY 14

· Broadened Andor's target market and opportunity with two strategic acquisitions after the year-end:

o Acquisition of Spectral Applied Research Inc., adding a patented product set and strengthening our Group's position in the Systems segment

o Acquisition of Apogee Imaging Systems Inc., significantly broadening our Group's mid-range camera offering



Commenting on the results, Colin Walsh, Chairman, said:



"We enter 2014 in a strong and confident position. First and foremost, we start the year as a larger Group with a strengthened product set and a significantly enhanced opportunity, thanks to our two recent acquisitions. Coupled with this is the strength of our opening order book: up one third from the same time last year. Whilst challenges remain, a number of indicators are beginning to point to more positive conditions across our markets. Those indicators, coupled with our strengthened position and improved gross margins support our confidence in delivering on our expectations in the year ahead."



A briefing for equity research analysts will take place today at 09.30 at the offices of Investec, 2 Gresham Street, EC2V 7QP. If you would like to attend, please contact FTI Consulting.

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Response to possible offer from Oxford Instruments

RNS


RNS Number : 3672U

Andor Technology plc

02 December 2013






2 December 2013



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF ANY RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION



Andor Technology plc



Response to possible offer by Oxford Instruments plc



The Board of Andor Technology plc ("Andor" or the "Company") provides the following update on its position in respect of the possible offer by Oxford Instruments plc ("Oxford Instruments") to acquire the entire issued and to be issued share capital of Andor for 500 pence per share in cash (the "Possible Offer").



On 27 November 2013 the Board of Andor received a further letter from the Chairman of Oxford Instruments setting out the terms and remaining pre-conditions of the Possible Offer, as stated in Oxford Instruments' concurrent announcement on 27 November 2013. The Board of Andor has considered the Possible Offer and is disappointed that Oxford Instruments was not able to increase its offer price in light of the considerable management time that has been spent in helping Oxford Instruments understand Andor's business and its future prospects.



The Board of Andor is mindful of its obligations and fiduciary duties to maximise value for the Company's shareholders and, therefore, is in the process of fully evaluating the Company's strategic alternatives. These include pursuing its long term stand-alone growth strategy as well as actively soliciting a recommendable offer from Oxford Instruments or any other third parties.



As this process has not yet concluded the Board urges Andor shareholders to take no action in respect of the Possible Offer at this time.



The Company will keep Andor shareholders informed of relevant developments and a further announcement will be made, as appropriate.



Andor shareholders should note that there can be no certainty that an offer will be made nor as to the terms on which any offer might be made.



Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Code"), requires that Oxford Instruments, by not later than 5.00 p.m. on 10 December 2013 (the "relevant deadline"), either announces a firm intention to make an offer for Andor in accordance with Rule 2.7 of the Code or announces 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 be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.

More than 80% of Andor's business of making highly sophisticated digital cameras for scientific applications is dependent, in one way or another, on state spending. However, while research budgets are being cut across the world the company's order books are growing again and were up 33% for 2014. Unfortunately, its latest set of full-year financials showed a dip in revenues and adjusted profits before tax.

That weakened the company's negotiating position with Oxford Instruments, who has offered to acquire Northern Ireland's only quoted business for 500p a share. Andor says that it is looking for strategic alternatives, but with the share price at 502.5p markets do not seem to see a significant possibility that another bidder might appear for the firm. “The indicated offer values Andor on about 23 times earnings, though there is no guarantee that it or any other will materialise. Investors not keen to expose themselves to any further risk might choose to take profits, then,” Tempus says.



http://sharecast.com/news/tuesday-tips-round-up-hilton-food-menzies-andor-technology/21333455.html

Sold - IN at 420p out at 480p (1000 shares) If the deal does not come off, sp may fall hard.

Good one D/C, lock in profits.

Thanks Stan, Looks like only 500p if the deal does go ahead.

Cheers dc