Amec Foster Wheeler Share Discussion Threads

[mj19] 27/10/2016 08:55

What level is this going too?

[davr0s] 27/10/2016 08:15

Dodged a bullet here as I got stopped out on support break yesterday

[dogwalker] 27/10/2016 08:13

Quite a reaction to today's update. Too much action from the board ?!

[zcaprd7] 12/10/2016 11:50

Yes. I may have been too early... Probably another pound left in this to close the gap, but it's the inaction from the board that worries me?

[bend1pa] 08/10/2016 09:37

On the charts a golden X has now been achieved in mid September when the share price was about 540. This is normally one of the strongest buy signals and about 75% reliable. Predictably the stock has surged since then finally through the 600 level. If it can hold this over the next week there could be plenty of positive action to come.

I think AMFW is a classic case of where the market completely ignores the fundamentals of a company but seems to be persuaded more by technical charts, which more often than not predict a turnaround. Yet the last company statement only 2 months ago was very gloomy.

"Our industry continues to face very challenging conditions, with capital projects across natural resources markets being delayed and cancelled in many parts of the world". (CEO)

[gbenson1] 05/10/2016 11:02

With cable going lower still some upside in this one, but it's always nice to leave something in for the next guy.

[zcaprd7] 04/10/2016 13:35

Off loaded today. No signs of demergers...

[zcaprd7] 29/9/2016 12:44

Oil price up. Opec seemed to have done a deal... Still no disposals here though?

[zcaprd7] 13/9/2016 16:47

Not anymore. Some vicious profits taking, oh and a lawsuit, great...

[zcaprd7] 08/9/2016 17:58

Still going by the looks of it...

[djgrantb] 05/9/2016 17:19

Due to the sell buy trades I'm not sure if a current stakeholder with over 3% has agreed to sell some or all of their stake to a new investor. Shares have had a nice ride from sub £4 but strong buying momentum is still their, I'd be happy to sell a few around the £7 mark.

[zcaprd7] 05/9/2016 15:38

Yes. And still no announcements, if they had shorted and were buying back, would there be an announcement?

[djgrantb] 05/9/2016 15:25

Still someone's building 2000+ batches, RNS imminent.

[zcaprd7] 05/9/2016 10:28

£7 is my target. Closes the gap and I can get rid of this dog... However, some sign or corporate action or disposals and I might reassess?

[djgrantb] 05/9/2016 09:16

bend1pa was thinking more £7 within 2-3 weeks, not years lol.

[zcaprd7] 03/9/2016 22:26

Filling the gap, I should say... No news then?

[zcaprd7] 02/9/2016 16:42

Yes. Saw the volume. Technically we're closing the gap down...

[djgrantb] 02/9/2016 16:25

Nice pick up in volume and 7% rise. Someone has got to show their hand..

[zcaprd7] 02/9/2016 11:37

Still perky here...

[bigbigdave] 02/9/2016 08:04

Tipped somewhere?

[husbod] 27/8/2016 19:49

scallywag - with an increased price target from 500p to 700p which explains Friday's movement.

[bend1pa] 27/8/2016 17:31

I'll be happy to see this back to £7, except you don't suggest a time limit for that - 2 to 3 years, perhaps? Wall St is very toppy, and now seems to have entered a phase with tiny daily movements and limited progress recently after its big surge over the past year.

[zcaprd7] 27/8/2016 14:08

Are they too big to get acquired now? I guess the merger has brought some indigestion. They keep referring to disposals, but nothing gets disposed?

[djgrantb] 27/8/2016 11:55

edge2, yes its 3%+ is a notifiable interest. 3% of the Company is 11.7m shares, not sure if that's been bought through the programmed trades yet? But if this trend continues suspect it will be reached within next 7 days or so. Expecting a small pullback on Tue after Wall St. saw something in Yellens Jackson Hole speech.

[djgrantb] 27/8/2016 11:42

Sorry bend1pa you can't keep pouring cold water on this one. We've finally broken above the £5 ceiling on good buying volume, someone is buying small programmed batches, and still is, even at £5.70. There will be pullbacks but this is heading back to £7 territory, market feels a bit toppy so correction is possible, the shorters/day traders seem to have gone away for some reason, Imho.