Amec Share Discussion Threads

[greek islander] 11/7/2008 10:50

The market has been waiting for the above announcement and this is what has been keeping the price muted these last few days.
I really would be surprised if the share price does not surge today. All logic is in that direction.
And so AMEC goes on and on...............

[greek islander] 11/7/2008 10:48

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 [phone]
Kevin Byram, Brunswick Group LLC + 44 (0)20 7404 5959

[merob] 10/7/2008 15:59

All things being equal, this should blast upwards tomorrow..

But things can go swiftly wrong for the bulls in this market..

you ask Mrs

[merob] 04/7/2008 08:27

..perhaps it's something about four letter words beginning with A, but the overall trend is definitely up.

[bluebelle] 03/7/2008 09:45

I'm bearish about markets overall at the moment. This is one of the few UK equities I still hold : but with good reason !!!

[enami] 03/7/2008 08:56

Trading Statement today well accepted.
Top gainer on FTSE100

[merob] 02/7/2008 19:07

Amec setting itself up for another good Long soon..

?

[enami] 27/6/2008 09:58

Who knows? EXR takeover scheme approved, if investors want to stay in the same sector then where will they put the cash?

[merob] 27/6/2008 09:51

Is this now going to find support around 840p?

[merob] 22/6/2008 12:47

'course it has Malcolm!

lol

[bluebelle] 18/6/2008 08:57

It's certainly done well for me !

[enami] 17/6/2008 18:26

The Oil Equipment Index NMX0570 is I think is the best performing lately.
Hit a new ATH today. Target circa 21063
AMEC must be it's largest component.

[enami] 17/6/2008 18:12

Haven't a clue Blue.
UBS price target 1030 as per post 875.
Second highest percentage gainer on FTSE100 at 4.79%.

R4 passed at 954.
Pivot Point targets for Wednesday

R3 1016.0
R2 988.0
R1 969.5
PP 941.5
S1 923.0
S2 895.0
S3 876.5

[bluebelle] 17/6/2008 16:43

So what's behind today's rise : nothing announced as far as I can see.

[enami] 12/6/2008 18:00

Going well here.

UBS upgrade price target to 1030 (from 935 hit today)

[enami] 04/6/2008 13:22

Up to 900 level now.
If you use the Pivot Point principle then 900.7 is R1. Todays high 901.
SP is at the top of my regression trend channel.

R3 943.7
R2 917.3
R1 900.7
PP 874.3
S1 857.7

[enami] 03/6/2008 14:24

I completely missed the RNS this morning re the BP contract, explains the sudden rise.

3 June 2008
AMEC and BP enter strategic global projects agreement
AMEC, the international engineering and project management company, has entered into an agreement with BP International Limited toprovide engineering and project management services for BP's offshore developments around the
world.

[enami] 03/6/2008 08:23

Target still 874-989 (982) as per my post 862
A nice uptrend channel.

[l2e] 03/6/2008 00:22

TRIPLE TOP OR is this the BREAKOUT?

[enami] 02/6/2008 15:53

Nicely up today.
Merrill Lynch buy note, price objective 980.
Haven't got a link but this is on another thread.

[daveram13] 31/5/2008 17:22

I'm trading now before the profits are taken and the price drops quickly.

[kibes] 22/5/2008 19:01

Its beginning to look more like a triple top than a breakout. However we shall see in the next few days.

[enami] 15/5/2008 09:52

kibes - when the share price is into new ATH territory there is no established reistance so one can only use Fib extensions to gauge likely target areas.
Post 862 my targets are 874-949, yes the triple top scenario will bring the share price way back down to mid 700s at least.

[kibes] 15/5/2008 09:47

Enami - if it manages to hold above around 850p there is no reason why it won't go much higher than 874p as it would be a breakout above the previous double top. On the other hand if it can't breakout it would be a triple top and in that case more likely to return to 650p. I can't see the relevance of your 874p target.