Amey Share Discussion Threads

[sportbilly1] 27/2/2003 10:37

in @ 23.65...speculation will fuel this up to 30-35p mimimum

[miamisteve] 27/2/2003 10:22

Short - alot of speculative investors bought in at around 30p, so with the possibility takeover speculation over the weekend, I can see it finding little resistance up to these levels. Mind you, the financial press seems rarely favourable with Amey being the weapon of choice to give the governments pfi strategies a good beating.

[short game] 27/2/2003 09:29

Any guess or opinions what we may peek at for today and tomorrow anyone before we start seeing news in.

[miamisteve] 27/2/2003 08:48

the suggestion is that they are in discussion with a single interested party. jarvis, with their involvement in tubelines seem the obvious candidate, however with a clearer picture and certainty regarding company finances it is just a matter of time before other companies start fighting over Amey for anything up to £1.00 being my guess.

[shakeelkarim2] 27/2/2003 08:18

ALLWAYS THINK ON THE BRIGHT SIDE OF THINGS HE WHO DARES WINS

[short game] 27/2/2003 06:24

Shake - I have heard similar rumours, only nearer 50 - 70p.

[shakeelkarim2] 26/2/2003 20:43

this is going up BIG BIG i repeat BIG TIME could see £1.25p by end of next week

BREAKING NEWS AMEY TO BE TAKEN OVER PRICE £1.25 to £2.50per share

[miamisteve] 26/2/2003 17:06

good news. amey's not going bust + seems will be able to raise funding for tubelines. + company pursuing offer talks.

[k0705732] 26/2/2003 09:23

COMPANIES & FINANCE UK & IRELAND: Amey in 'deal' with banks
By Andrea Felsted
Financial Times; Feb 26, 2003


Amey is understood to have agreed a package with its banks, allowing it to continue trading. People close to the company indicated that the deal, led by Barclays, Royal Bank of Scotland and Bank of Scotland, would provide the beleaguered support services group with facilities of about £200m.

This would cover Amey's indebtedness, estimated at £190m-£200m at the end of 2002, but not the £60m it needs to buy back its stake in the Tube Lines consortium, which has taken over part of the London Underground.

Amey is expected as early as today to send a circular to shareholders seeking approval for the sale of eight stakes in private finance initiative projects to John Laing for £29.1m cash. The document will also provide details of Amey's financial position. Andrea Felsted

[protec] 25/2/2003 15:57

some know anything we don't suprised at the large volume to-day any reasons ?

[miamisteve] 24/2/2003 15:38

I said tripling more likely than bust, which is why I don't see sense in selling. I've seen stocks fall on no news and instititional selling before. It will bounce back as quickly as it fell. Present market cap. 48.55m. Latest revised profits 27m gives us present price earnings of 1.8, so tripling despite debt, is not too demanding.

As well as vectra and resource sale the company are expecting return of bidding costs from PFI projects including those sold to Laing and london underground during first part of year to reduce debt.

Takeover talk has already been mentioned, we'll get a better idea at the preliminary announcement in March about where this is heading.

[protec] 24/2/2003 10:55

Why do u feel a tripling is on the cards steve, i know the market is dire at the moment but I am getting bad vibs about this one, is sorrus waiting for it to go, to pick it up in a fire sale, I thought there was support at 30p got it wrong yet again. The situation is very grim and the money is running out all the good news must be factored in now yet it is still bombing, sale of Vectra completion this week... but with only 12 -14 milion from this is is going to make any difference I just feel that it is only a matter of time but not worth selling at the moment just waiting for someone to make a move

[miamisteve] 21/2/2003 17:09

It seems to have found some support today + fidelity almost completely out so end of the drawn out stock overhang. I still feel a tripling of present values is a more likely outcome to going bust.

[ruairiglenn] 20/2/2003 23:43

mitzis - heard that myself it was on Radio 5 Live earlier tonight

[mitzis] 20/2/2003 19:48

I heard on the radio about the near rail crash last November where 450 passengers were nearly killed when a train was de-railed travelling at 120 mph......it was on the same stretch of line where previous fatal accidents have occured..Amey were the contractors at the time but have now been replaced by in-house engineers.

[short game] 20/2/2003 18:22

From about 4pm today nearly 7.75million shares were traded - what isn't very clear from the traded prices is whether or not ADVFN is correct in the allocation of sales, buys and unknowns.

Based on these volumes I think there will be some news during the next few working days or in weekend press.

[protec] 20/2/2003 16:44

There no support even at these low levels .....were to next? cannot see any reason for any form of reversal, other than a take over or a forced breakup.
What is the possibility of it going bust?

[miamisteve] 20/2/2003 16:21

The price has fallen from low thirties to present levels on institutional selling without any news. I heard that Soros hads been forced by falling markets to sell holdings in his US funds to release cash. It was Meditor dropping 5-6m which started the decline.

Half penny's OMH shares have bombed, though I suppose he can't be wrong all of the time.

[protec] 20/2/2003 16:10

halfpenny u got it right with this one good call or good luck.... whatever hope u get it right with osmotech....
Any one know the reason for the big drop to-day apart from the sells any info we don't know about?
who dumped the 3million.

[protec] 20/2/2003 15:50

Steve the Vectra sale has been delayed was the 14th this has now been put forward to the 29th crossing the eyes and dotting t's is what i'm told

[miamisteve] 20/2/2003 00:03

Amey has of late become synonomous with delays so its probably not worth reading to much into it, but I wonder if the Vectra sale has been put on hold as takeover talks for the company progress.

[tillerholdings] 12/2/2003 00:24

where is the next support level, before it becomes a risk worth taking !!

[halfpenny] 11/2/2003 14:47

Remember i told u guys in December 16p to come sooonnnnn...

16p or less .... risky.....with lots of CASH problems to come...


16p or less sooonnnnnn

[quidzinn] 11/2/2003 08:46

Amy's bottom reappears ....again !!


Q

p.p.s. Glad I sold @31p

[alisonm] 31/1/2003 00:06

(Adds Mouchel's outlook, additional contract news)
LONDON (AFX) - Amey PLC and its partner Mouchel PLC said they have been
awarded a 150 mln stg contract by the UK government for the management and
maintenance of major roads in NorthWest England.
Mouchel said its results for the six months to the end of January will be in
line with expectations. It expects to announce its first half figures in early
April. The company said these latest contract wins and progress across the rest
of the business give it confidence about its prospects for the future.
Amey and Mouchel said the five year contract for Cumbria and North
Lancashire will have an annual value of 30 mln stg, with an option to extend for
a further two years, which would increase the total value of the deal to about
210 mln stg. It covers major routes such as the M6, M55, A74 and others.
Amey has a 75 pct stake in the joint venture with Mouchel. They companies
said their partnership has a 100 pct record in the recent bidding for Highways
Agency maintenance and management contracts, winning all five of the areas they
have so far bid for.
Mouchel said the Highways Agency deal will be worth 37.5 mln stg in revenue
over the five years of the contract. And it announced it had won another
contract from Surrey County Council for building maintenance worth 9 mln stg
over five years.