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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Amec | AMEC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,058.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,058.00 | 1,058.00 |
| Top Posts |
|---|
Posted at 15/1/2014 16:14 by gateside The following presentation is worth a read... |
Posted at 21/10/2013 16:56 by spacecake AMEC (LON:AMEC)'s stock had its "buy" rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, Stock Ratings News reports. They currently have a GBX 1,250 ($20.21) price target on the stock. Deutsche Bank's target price would suggest a potential upside of 13.22% from the stock's previous close. |
Posted at 31/10/2012 10:45 by uhound Seymour Pierce buy rating target 1,250p, Investec buy rating and 1,300p target. Plenty of investors take note of broker comments, so can only help sentiment too. |
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 |
Posted at 30/3/2010 07:19 by gateside AMEC acquires leading UK environmental and engineering consultancy Entec Holdings LimitedAMEC, the international engineering and project management company, announces today the acquisition of Entec Holdings Ltd (Entec), the UK-based environmental and engineering consultancy, from its owner-managers and investors, Growth Capital Partners, for an initial consideration of £61.2 million. The acquisition has been made on a cash free/debt free basis and the consideration has been settled in cash. Further payments may be made, subject to retention and performance. Entec has a leading position in the water services and wastewater sector. It also provides renewable, nuclear and other energy services, industrial engineering, contaminated land and regeneration services, environmental planning and project management services. Entec's customers span government, utility and private sector companies, and the acquisition will strengthen AMEC's relationships with existing customers, as well as provide access to new ones. The company has some 700 professional employees and is headquartered in Newcastle with 14 offices across the United Kingdom. The acquisition is fully aligned with AMEC's Vision 2015 strategy of assured growth; Entec broadens the Earth & Environmental division's geographic footprint in Europe and it also strengthens its capabilities in the water and energy sectors. The acquisition is expected to be earnings enhancing immediately, and to meet its weighted average cost of capital in the first full year post acquisition. "Acquiring Entec Holdings Ltd is another important step in our strategy of enhancing our water and environmental consulting capabilities internationally," said Roger Jinks, President of AMEC's Earth & Environmental division. Elaine Moore, Executive Vice President Europe and United Kingdom, AMEC Earth & Environmental, added: "The addition of Entec's high quality people significantly enhances our position in the water sector around the world. The acquisition also supports AMEC's goal of strengthening the Earth & Environmental division's footprint in Europe." |
Posted at 13/11/2009 11:55 by bluebelle As ever, investment decisions are largely a function of your time scale. I've held these for quite a while and have no plans to sell : I like the long term fundamentals. It's a quality stock in growth markets and the dividend - which looks pretty safe - is better than I'm getting on my cash deposits. I think there's something in the argument that Brikho has picked the low hanging fruit first, but to be fair to the guy there wasn't all that much of it and it wasn't all that low ! The simple fact of the matter is that he has delivered on his stated objectives and then some and the concentration on margins seems to me to be a sensible strategy given that the group is now much better focused strategically than it was. I know the bit about past performance being no guide to the future but in fact it's the best one an investor has got : good, well managed profitable companies tend to perform better in the future than bad ones. On that basis, given that Brikho has done what he has said so far, I'm more prepared to believe him than some analyst at a second rate broker with hardly the best track record in a business which hasn't exactly covered itself in glory over the last few years !!! |
Posted at 11/7/2008 10:48 by greek islander HUGE NEWS JUST COME THROUGH SHOULD SEE A 50-70 POINT RISE TODAY. A chance to spreadbet if you get in quickly."Amec Re Contract RNS Number : 8745Y AMEC PLC 11 July 2008 AMEC plc Friday 11 July 2008 AMEC alliance announced preferred bidder for the Sellafield competition London, United Kingdom (11 July 2008) - The UK Nuclear Decommissioning Authority (NDA) today announced that Nuclear Management Partners (NMP) has been selected as preferred bidder in the competition to secure a Parent Body Organisation (PBO) for the Sellafield Site Licence Company (SLC). NMP is the consortium comprising AMEC, AREVA, and URS Washington Division. Samir Brikho, AMEC Chief Executive said: "AMEC is delighted to be part of the consortium successfully selected as preferred bidder for one of the most important public sector contracts in the UK. AMEC and our consortium members will be contributing world class skills to Sellafield, ensuring that this programme is carried out safely and effectively to the benefit of the taxpayer." Didier Pfleger, Chief Operating Officer of AMEC's Power and Process Division said: "This is a significant recognition of the expertise within AMEC's nuclear business. We are delighted that the NDA has acknowledged the unique combination of skills within the consortium and we now look forward to getting underway and making a significant contribution on this complex and demanding programme." Dr Ian Roxburgh, NDA Chief Executive said: "The selection of Nuclear Management Partners as the Sellafield preferred bidder is a significant step forward in the NDA's drive to attract world class management and innovation to the UK's nuclear decommissioning industry. "Nuclear Management Partners have emerged from a very strong field of four bidders and the NDA will now move towards contract finalisation and ultimately the award of this contract, the successful implementation of which is crucial to the mission of the overall clean-up and decommissioning of the UK's existing nuclear legacy." The NDA will now enter into a period of detailed engagement with NMP leading to contract finalisation, which is expected in October 2008. The PBO contract covers the reprocessing and waste storage facilities at Sellafield, the former nuclear power stations Calder Hall and Windscale (all in West Cumbria); the Capenhurst nuclear site and an engineering design centre at Risely in Cheshire. The contract is expected to offer business to the value of c. £1.3 billion per annum and associated dividend opportunities of c.£50 million per annum, subject to the level of improved SLC performance and efficiency achieved. The contract would be awarded initially for a period of five years with the potential of further extension periods, subject to performance, for a total of 17 years. NMP brings together a unique capability focused on delivering the NDA's aim and objectives at Sellafield. In particular, the team has a strong safety culture, experience of delivering change and innovation and a track record of open and transparent engagement with a wide range of stakeholders, all of which meet NDA aims. Details on each of the alliance partners are set out at the end of this announcement. The international nuclear industry is undergoing a renaissance and AMEC is strongly positioned to continue its growth in an acutely resource constrained market. AMEC is providing increasing levels of nuclear consultancy, reactor services and project management to customers in the UK, Canada, South Africa and other countries worldwide. In the UK, AMEC is a strategic partner to British Energy, where both companies are working together to improve the efficiency and lifespan of their reactors, whilst in Canada, reactor restarts for Bruce Power represent some of the most complex challenges in the nuclear industry today. In the decommissioning sector, AMEC continues its work at Dounreay in Scotland, and is working with funding from the European Bank for Reconstruction and Development to clean up former Soviet facilities in Eastern Europe. Impact on earnings Subject to contract finalisation, AMEC's share of NMP revenues will relate solely to recharges of costs of AMEC management working on the contract, whilst potential annual earnings will reflect AMEC's share of a dividend of up to £50 million, subject to performance against targets agreed with the NDA. Subject to contract finalisation, which is expected in October 2008, the impact of the contract on AMEC group performance in 2008 is not expected to be material. The contract will help underpin performance in the Power and Process division in 2009 and the attainment of group margin targets in 2010. Further guidance will be provided following contract finalisation. Enquiries to: AMEC plc Analysts and investors: + 44 (0)20 7539 5800 Grant Ling, Interim Finance Director Neil Jamieson, Director of Investor Relations Media: Harold Ashurst, Communications Manager +44 (0) 7714 709150 Kevin Byram, Brunswick Group LLC + 44 (0)20 7404 5959 |
Posted at 27/6/2008 09:58 by enami Who knows? EXR takeover scheme approved, if investors want to stay in the same sector then where will they put the cash? |
Posted at 14/11/2007 09:06 by rafieh DexIt dropped purely on market nerves. If you are a long term investor, you should ignore these short term fluctuations,. |
Posted at 11/7/2007 14:59 by fredd "On 9-10 July 2007, AMEC's Natural Resources business will be the subject of asite visit to the Canadian Oil Sands, where analysts and investors will have the opportunity to meet management and learn more about the business and its strategy for growth." Looks like the visit went well............. |
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