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AMEC Amec

1,058.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amec LSE:AMEC London Ordinary Share GB0000282623 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,058.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,058.00 GBX

Amec (AMEC) Latest News

Real-Time news about Amec (London Stock Exchange): 0 recent articles

Amec (AMEC) Discussions and Chat

Amec Forums and Chat

Date Time Title Posts
08/3/201615:24AMEC159
20/8/201316:48***Amec ***1
08/4/201314:48AMEC - Moving Forward41
13/5/201012:14BLOW OUT980
04/4/200813:24AMEC - THE SHORT & DOUBLE TOP32

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Amec (AMEC) Most Recent Trades

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Amec (AMEC) Top Chat Posts

Top Posts
Posted at 08/3/2016 15:24 by pkvidean
AMEC is now AMFW (AMEC Foster Wheeler).
Posted at 16/3/2015 09:34 by 18bt
Anyone still interested in this share? Researching on the back of an IC buy on 6March.
Posted at 29/12/2014 21:09 by langerman
Amec FW have a poor management structure, badly handled foster wheeler take over. Too many cooks and no one knows what they are doing. They will pay the price by continuing to further disappoint their clients. Since crashing out of the FTSE 100 this share has dropped quickly. I see continued falls this year and will be looking for a 700p entry end of 2015. gl all.
Posted at 14/11/2014 20:13 by gateside
I have started a new thread for Amec Foster Wheeler for the few who might be interested. Just 151 posts here in 5 and a bit years!

Amec has been a good investment over the years and I have high hope for the new company.

The new thread can be found here.....
Posted at 05/8/2014 15:28 by amiakova
Tailings Dam failure in BC, looks like AMEC were the consultant for the the annual tailings dam raise.



hxxps://www.linkedin.com/pub/davis-kelly/3a/11b/7b1

Hopefully will not be liable?
Posted at 16/4/2014 08:43 by marben100
Could be related to arbing or hedging the upcoming FW acquisition. Long FW, short AMEC might make sense (but I haven't done the math). Shorts would close by delivering AMEC shares acquired in the deal.

Cheers,

Mark
Twitter @marben100
Posted at 15/4/2014 18:40 by kenbarlowx
Any ideas on the rising short interest in AMEC? It took off in Jan and has (unlucky people) tracked the rising share price since.
Posted at 18/3/2014 12:43 by marben100
Contract win for Foster Wheeler JV with Kentz announced:

Will move into AMEC stable once FW acquisition completes.

Cheers,

Mark
Twitter @marben100
Posted at 15/1/2014 17:41 by haywards26
I am looking in on the sidelines here. Currently holding PFC and KENTZ with AMEC now on my radar following the price reductions and reverse of market sentiment following recent profit warnings. Looking for a price around 10.00 as my initial entry point. But not really gone into any indepth financial analysis as yet, but will do over the coming days.

Foster Wheeler acquisition appears very interesting, always share price turbulence with such large acquisition news.
Posted at 22/2/2012 08:03 by apad
Any views:
As posted on KENZ board:
FT on AMEC:
Samir Brikho has switched on the fog lights. On Tuesday, the chief executive of Amec, the UK oil services group, not only reported a 13 per cent jump in annual earnings per share; he also peered into the gloom to forecast that it would hit 100p by 2015, two-fifths higher than 2011's level. In addition, he announced a £400m share buy-back and a 15 per cent dividend increase – sharing the spoils of Amec's growing order book and a backlog of £3.7bn. That is rare optimism and Mr Brikho probably expected investors to be impressed. Instead, Amec's share price over the day barely moved. But that was not too surprising. Amec's shares already trade at about 14 times 2012 earnings, close to the FTSE 350 oil equipment services index's multiple. Although the company boosted EPS 13 per cent last year, it will need to maintain this clip to hit its 2015 target. The company believes it can do this organically. But it has also flagged that acquisitions are on the horizon. Debt-free Amec certainly has the capacity to buy some rivals. The £400m buy-back will soak up four-fifths of its current cash balance. But it is a strong cash generator. Assuming that it keeps its net debt below twice its earnings before interest, tax, and amortisation (£300m last year), and any purchase yields ebita of 23 per cent of its equity value – in line with Amec's – a £900m-odd acquisition is possible.

So rumours it may try to buy UK rival Petrofac are likely to be false. Petrofac's market capitalisation is £5.3bn. That means any attempt would require a chunky equity call from Amec's shareholders – something Tuesday's share buy-back appears to negate. Smaller rivals Hunting or Cape are possible targets, but could be more asset heavy than Amec would like. But with its shares trading at fair value, further upside looks dependent upon acquisitions.

apad reply:
If you want to go hunting for AMEC takeover targets, go looking amongst the specialist engineers that bring a significant technical advantage to AMEC, rather than its general competitors. AMEC has significant technical expertise in nuclear technology (e.g. safety codes) - it will be looking for adding technical value in preparation for the start of the Nuclear New Build program. The Hunting speculation in the FT article was spot on, in terms of technical fit, if it is for sale.
The interesting question is: "what's the short list?".
apad
Amec share price data is direct from the London Stock Exchange

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