Amec Share Discussion Threads

[enami] 12/11/2008 11:25

Seymour Pierce upgrade to buy target 700

[beaudelaire] 12/11/2008 10:19

I think once the market settles down the share price will rise
sharply to reflect today's excellent Trading Update.
It is not everyday that we find a company
so bullish with a huge cash pile of £600 millions !
Add "the positive impact" it will flag up
on 24th this month related to BNFL.
AMEC is also very active in the nuclear industry and UK
is already planning to build a few nuclear power stations.

[allseeingeye] 12/11/2008 10:10

Excellent interim management statement - growth in tact and net cash over £600m - and clearly not parked in Iceland!
Getting dragged down by market sentiment today - med-long term this looks excellent and one to top up on any weakness.

[beaudelaire] 12/11/2008 10:09

The second paragraph is very positive indeed -

In addition, the Nuclear Management Partners consortium (NMP), of which AMEC is a member,
entered into a transition agreement for the
Sellafield contract with the UK Nuclear Decommissioning Authority (UK NDA) on 6 October 2008.

The transition period is expected to end with
a transfer of shares from British Nuclear Fuels Ltd to NMP on 24 November 2008, at which point
AMEC will provide further guidance about the
likely positive impact on the group*s results.

[beaudelaire] 10/11/2008 12:05

A good performance today.
It should push towards 600p+.
the $550 billion chinese stimulus
will do wonders to infrastructure stocks.

[beaudelaire] 08/11/2008 21:18

Offshore Access System chosen by Qatar Shell for Pearl GTL project06/11/2008

London, United Kingdom (6 November 2008) - Offshore Solutions B.V., the joint venture between AMEC, the international engineering and project management company, and GTI N.V, has been issued a Letter of Award, including associated services, by Qatar Shell for the provision of the "Offshore Access System", which allows the safe transfer of personnel from a vessel to an offshore installation.
The Offshore Access System (OAS) is to be used for the Pearl GTL project being built in Ras Laffan Industrial City in Qatar. Pearl GTL will be the world's largest gas-to-liquids project, converting natural gas into a range of high quality liquid hydrocarbon products. This fully integrated project is being developed under a Development Sharing Agreement with the government of the State of Qatar. Pearl GTL will have the capacity to produce 140,000 barrels a day (b/d) of GTL products – gasoil, naphtha, kerosene, paraffin and lubricants base oils – as well as 120,000 barrels of oil equivalent a day of ethane, liquefied petroleum gas (LPG) and condensate. The project is being developed in two phases, with the first phase starting up around the end of the decade. It will help Qatar meet its aspiration of becoming the GTL capital of the world.
The Offshore Access System is due to be delivered in Qatar during the second quarter 2010.
Offshore Solutions B.V. is the world market leader in the invention, development, manufacture and safe operation of the industry's most advanced marine access systems, translating these technologies into safety and value for our customers.
The award of this contract to Offshore Solutions B.V. was a direct result of the operational success of the first Offshore Access System leased by Shell and working daily in the Southern North Sea for over two and a half years.

For more information about the systems see:

-Ends-

[allseeingeye] 06/11/2008 16:49

beaudelaire - more interested in page 21 of today's FT - International Energy Agency says oil prices will rebound to $100 when economy recovers and will exceed $200 by 2030.

[beaudelaire] 06/11/2008 08:41

This 1.5% interest rate cut will do a lods of good to AMEC.
We now have the lowest interest rates ever and could drop
even towards 1%.
This will trigger building and infrastructure all over the
world like never seen before.
We are going to live in economies with the lowest
interest rates and inflation never experienced anytime
in the past.
People and companies will have more money to spend.
Projects take up will grow exponentially.

[beaudelaire] 05/11/2008 13:58

Nobody seems to have noticed the acquisition which is a good
positive for the company.

[allseeingeye] 31/10/2008 12:47

Price coming back - surprised after negative comments in press re. Canadian Sands - anyone got a take here?

[wendsworth] 21/10/2008 14:34

Allseeingeye: Followed AMEC up in 2006-07 from a level of 365p .Did n't get the top .. got nervous north of 600p because of the yield.

Very much agree with your final comment...volatile or what! Also your ref to CDS ...which was a key reason for me closing out this a.m. Like you I judge that the Lehman Bros 'FALLOUT' this week could present further buying opportunities.

[allseeingeye] 20/10/2008 15:26

With over £800k in cash I sincerely hope not. The sector is ripe for consolidation - since AMEC in poll position to acquire it might explain why the price remains depressed. Wonder also how things also pan out after CDS deadline tomorrow, my guess this has forced huge sales - hopefully we all live to tell the tale and this will retrace to somewhere near £6. Medium to long term potential huge, short term - stay seated and keep seat belts lightly fastened!

[wendsworth] 20/10/2008 09:17

Heading for year low ....and out of the FTSE?? The party is over!

[johnrxx99] 18/10/2008 08:44

Posted bt fiat flux on another thread:-

Darling to fast-track public spending
By George Parker, Alex Barker and Nick Timmins

Published: October 17 2008 23:45 | Last updated: October 17 2008 23:45

Plans to fast-track billions of pounds of public spending on building projects such as new schools and hospitals are being drawn up by Alistair Darling to give an emergency boost to the British economy as it heads into an expected recession in 2009.

Although he is hemmed in by tight public finances, the chancellor is planning to raid future budgets in an attempt to give a Keynesian stimulus to the economy in the months ahead.

The move will see cash being transferred from planned budgets in 2010-11 – the year after the next general election – to fund projects now.

Mr Darling will argue that it makes sense to accelerate public spending to prop up the economy, in the hope that a recovery is under way by the time a hole emerges in public spending plans in two years' time.

The chancellor will set out his plans in next month's pre-Budget report, heavily constrained by a soaring deficit, with some predicting that borrowing next year could exceed £70bn.

Mr Darling has warned cabinet colleagues to live within existing spending totals – set over a three-year period from 2008-11 – but has told aides he wants to "reprioritise" spending in key areas.

Government officials say Gordon Brown and Mr Darling will seek in the coming weeks to bring forward projects that would specifically boost the crumbling construction sector and help small businesses.

The prime minister said this week that the government would do what it could to "keep the economy moving forward".

The Treasury has already shown some flexibility with departments. One initiative in September "brought forward" about £1bn of housing spending as part of Mr Brown's autumn relaunch. This included £400m to build social housing during the next 18 months. A special dispensation has also been given to the Ministry of Defence to move funds around budgets, enabling officials to sign off the £4bn carrier contracts.

Candidates for accelerated state funding include primary care buildings, schools, social housing and leisure facilities.

The measures, however, may have more political than economic impact. One senior Whitehall adviser said: "You can't just spend capital tomorrow, it takes time."

In recent years, the government has repeatedly underspent its capital budget, and big building projects that also involve private finance for schools and primary care are behind schedule.
Copyright The Financial Times Limited 2008

---


what companies would benefit from this spending?

[bailiffs] 15/9/2008 21:10

..needs to come off 700, big time (if only for a sideways trend).

[a2584728] 28/8/2008 12:02

There must be a broker upgrade on these figures and in this climate, what a great company.

[donemyhomework2] 28/8/2008 07:19

These are excellent results and to have margins of 10% in the natural resources division ( half the business)is even better news!!

[enami] 27/8/2008 12:32

Looks OK today, results due tomorrow and share price just above the downtrend channel.
Both PFC and WG. posted good results this week and the whole oil support sector looks OK.

[mzj71852] 28/7/2008 12:45

get in at 800 right?

M

[merob] 17/7/2008 15:41

Short term down trend not over yet..

(but all things being equal..)

[merob] 16/7/2008 09:05

Looking for 800?

[merob] 15/7/2008 15:46

Right 840 support, we're here.

..below 830, would suggest problems.

[merob] 13/7/2008 10:55

Greek, have no fear, AMEC's a no-brainer in a dire market. Even Friday, it managed to go up. I WONDER WHY?

lol

Good luck.

[greek islander] 11/7/2008 23:15

Am I the only one here? What a quiet forum.

UK-Analyst this evening:

An international consortium including UK engineering group Amec (AMEC) has won a 6.75 billion pound five-year contract to clean up the Sellafield nuclear power plant. Amec, shares in which rose 6.5p to 867.5p on the news, will work alongside French nuclear specialist Areva and US contractor Washington International on the deal, which is worth around 1.3 billion pounds per year plus fees of another 50 million pounds per annum. Further extensions could increase the length of the contract to 17 years, although the decommissioning of Sellafield, which accounts for around 60% of Britain's nuclear waste, is expected to take over 100 years. Apart from the reprocessing and waste storage facilities at Sellafield, the trio will work on former nuclear power stations Calder Hall and Windscale, as well as the Capenhurst nuclear site and an engineering design centre at Risely in Cheshire. Amec said potential annual earnings will reflect its share of a dividend of up to 50 million pounds, but the impact on this year's results 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," it said.