Amec Share Discussion Threads

[jfmullins] 28/7/2009 20:41

On a run from 610 - 720 was a bit too much to hold above for new breakout. Followed the FTSE down to below 700p. Can see a few down days here to before next challenge.

[jfmullins] 27/7/2009 19:00

Breakout could be tomorrow if it holds above 720p

[gateside] 20/7/2009 07:22

AMEC to take over GRD

International engineering and project management company AMEC plc, is taking over Australian engineering and project development firm GRD by way of a scheme of arrangement.

Total consideration for the transaction, which has been unanimously recommended to GRD shareholders by the board, will be A$106m in cash, funded from existing AMEC cash balances.

GRD is an ASX listed engineering company based in Perth, Australia, which employs 850 people globally.

[knowing] 09/7/2009 23:49

Charts look good for a trade.

[gateside] 09/7/2009 23:20

Amec takes on South Korea energy market

9 July, 2009

By Olivia Boyd

Company forms joint ventures with Korean firms to tackles nuclear, thermal, gas and renewables sectors

Amec has joined forces with three Korean firms to tackle the energy business in South Korea.

The consultant said it had formed a joint venture with Korea Electric Power Corporation (KEPCO), Korea Gas Corporation (KOGAS) and Korea Development Bank (KDB).

The joint venture, called Amec Partners Korea, will target energy fields including nuclear, thermal power, gas developments and renewable schemes in South Korea and internationally.

The group will be governed by a seven-member board under the chairmanship of a director nominated by Amec, which is providing start up capital of £0.3m in cash and will hold a 54% shareholding in the company.

[wendsworth] 15/5/2009 12:51

WhoWantsToBeA Millionaire: Views on today's RNS concerning oil services cutbacks?

Noted 'close call' on remnuneration at agm plus remuneration policy apparently voted down.

[rusty steele] 09/4/2009 15:51

Donemyhomework2 - I saw the graph but was expecting the FTSE and Dow to retreat further bringing AMEC down with them! Never mind.

Let me know when next you look into the ball!

Cheers

[donemyhomework2] 09/4/2009 07:32

Don't recall getting the benefit of your research "WhowantsToBeAmillionaire".

Have you posted here the last two years?

Rusty Steel ; no crystal ball ; graphs seemed to indicate that.

[whowantstobeamillionaire] 08/4/2009 16:28

No crystal ball - 2 years of research :)

Let me have your email Ill send you a copy

pmsl

[rusty steele] 08/4/2009 16:27

Donemyhomework2 - you certainly have - what a bounce off 525! Can I borrow your crystal ball?

[donemyhomework2] 06/4/2009 13:39

I expect this to bounce around 525p.

[wendsworth] 17/3/2009 11:18

Going sub 500p?

[wendsworth] 15/3/2009 16:52

royaloak, mrminster and Mick:Agree with the sentiment of your comments.

Have not yet got back into AMEC although have 'worked' Wood Group selling out Friday pm.

Today's OPEC announcement 'of a standstill' plus Friday's downgrade will not help AMEC in the short term...is my current view.

[royaloak] 13/3/2009 11:27

Mick

I do mainly spreadbetting or cfd's now. I find it much easier to trade them as you can take profits or losses quickly without the related charges to buying the shares. One problem I have is taking profits too early, the trouble is whether long or short we are in the hands of Wall Street overnight1

Some good winners recently, CHTR, WEIR, ROR, etc., all of which I bought on results day initially and have traded again since.

ro

[mrminister] 13/3/2009 10:57

just gone long till june.....just a tenner and see how we go, will add as and when it increases.....like the co and its diversity and the sector can only get better in the long run

expect it to fall now.....lol

[royaloak] 13/3/2009 10:48

Mick, I thought the results were brilliant, but from the market reaction early on came to the conclusion that my judgement was wrong. Missed the boat!
However did go long today at 535 which was a resistance point yesterday.

[mickinvest] 13/3/2009 09:56

Not often you can find a company on advfn without either a decent ramper or de-ramper never mind one thats totally deserted :>)

I was impressed with yesterday's results especially as I feel the oil price could rebound to at least $60 over the coming months so with such a solid base, AMEC would surely rise ?

Posted the following on TMF



Any comments?

Mick

[gibso6767] 25/2/2009 21:03

some nice rns today gents top up

[bluebelle] 25/2/2009 11:30

Why is it that the best stocks often have the least active BBs ? !!!

Most threads would be jumping on the back of news like this. Classic defensive play with massive long term upside.

[donemyhomework2] 13/2/2009 16:57

wendsworth hi,

Nice to see we agree; and results will be good so we are told.

Not like HBOS!!! Including tax charge they seem to make it to £11,000,000,000.

Like to get the zeros in; I wonder whether they wanted to clear the decks for a better 2009?

[wendsworth] 13/2/2009 14:00

donemyhomework2: Like you have been monitoring and have to agree share price has been remarkably resilient despite market volatility and weakness in oil price.

AMEC has been my most successful share in the past having purchased initially at 364 and traded up to > 800p . Just waiting for the general market volatility to subside before committing.

[donemyhomework2] 12/2/2009 07:23

Wendsworth,

Can you not see the higher lows every time?

This is visiting 600p NOT sub 500p.

I suppose time will tell.