Aveva Share Discussion Threads

[thearcticfox] 20/8/2010 19:01

I'm quite happy with the recovery of the share price Electronica, having bought at near the low and held in my ISA ever since. I do hope nobody launches a bid for them any time soon tho... as I think we've still a long way to go :-).

Another arcticle on Jurong, much the same:

[electronica] 13/8/2010 14:32

Artic Fox

Thanks for the stream of Aveva news stories, they really are appreciated.

I've been in here since 500p last spring & its great to see a superb company like AVV gettind some share price recognition for its fine work. I'm still concerned, though, that the refusal of the city to grant us a 2000p share price might result in a cheap opportunistic bid from one of the big US plant consultancies - Bechtel, Foster Wheeler, etc etc. (or even Balfour Beatty now that they have bought Parsons)

[sharw] 09/7/2010 11:26

Quality indeed. 12 month intraday high today.

[mellorscarthwaite] 07/7/2010 15:32

Interim management statement received well, quality company.

[sharw] 07/7/2010 00:01

That is very misleading. It gives the impression they just sold shares. If you read the RNS itself, which is under 'News' at the top of the page, you will see that they excercised options, sold only enough of the option shares to cover the tax and NI charges, and retained the rest.

[thearcticfox] 06/7/2010 17:07

Director Dealings : Datatec, The Conygar Investment Company, Aveva Group:-

[sharw] 20/5/2010 09:55

Electronica - the prelims are not mid June - they are next Wednesday - 26th.

[thearcticfox] 19/5/2010 20:01

From today:-

[electronica] 18/5/2010 18:15

Foxie

Thanks for posting that excellent piece.

Unfortunately the lower oil price is frantically feeding the fear & panic which seems to have gripped the AVV share price of late.

Hopefully things will change when we see the Prelims in mid June & maybe a special 120-150p dividend to get some of the unused cash pile back to us holders.

[thearcticfox] 18/5/2010 17:48

Oil rig complexity drives demand at Aveva
Yesterday, 05:40 pm

Buzz Up! Print Story British software firm Aveva said the need to keep tabs on increasingly complex industrial systems was driving demand for AVEVA NET, its product that manages data around assets such as oil rigs and power stations. Skip related content
"It's grown strongly through the downturn," Chief Executive Richard Longdon said in an interview on Monday.

"Anything where there's a safety related incident tends to a be a driver for us, whether in design or data management."

Fears of an ecological and economic calamity along the U.S. Gulf Coast have knocked around $30 billion (20.7 billion pounds) off BP's value after an oil well ruptured there.

Aveva does not separate out AVEVA NET sales in its results, but Longdon said it was becoming an increasingly material part of the business, whose core operations revolve around selling design software.

Demand for Aveva's software in the oil and gas sector has continued to be strong, compensating for a downturn in global shipping, which accounts for about 30 percent of sales.

The group said last month that its full-year results would be just ahead of expectations.

New business from shipyards in China had been hit, said Longdon, although the yards were continuing to build ships and pay subscription revenue to Aveva.

"From China, there's probably 75 percent less initial fee business than a year ago, and that makes quite a dent because initial fee business is very profitable for us," he said.

"We think that will continue for another year or so before it picks up strongly."

Growth in the oil and gas and power sectors, however, particularly in emerging markets, was helping offset the slowdown in shipping.

"We still think there's a huge, huge opportunity in Brazil," he said. "That will be a buoyant market for us for a long time to come."

(Reporting by Paul Sandle, Editing by Rosalba O'Brien)

[thearcticfox] 16/4/2010 08:00

Looking Good here:-

[chector177] 06/4/2010 20:09

Great news release today. It should add a lot of strength to the Aveva team. Hopefully the share price will move further tomorrow as all those who weren't insider trading catch on.

[bluebelle] 06/4/2010 12:15

Can't argue with that !

[johnrxx99] 06/4/2010 12:04

What a little gem AVV continues to be. A minor part of my portfolio now as focusing on resources while the sun shines.

[chector177] 06/4/2010 11:18

So it smashed through 1200p today lets hope it holds and moves on.

[chector177] 06/4/2010 09:47

Testing the 1200p mark again today, hopefully we will be through it soon

[thearcticfox] 28/3/2010 10:42

News from the 23rd March not posted:-

[sharw] 27/3/2010 11:01

Tidying up today I came across Investors' Chronicle dated 24/7 last year. One of the trades of the week was Aveva - to be shorted at 743.25p.

"Recent action in Aveva's shares suggests that this could be a prime candidate for shorting. The recent highs formed in the price were accompanied by negative divergence on the relative strength index of momentum. Also, a sell signal has appeared on the stochastic, hinting that further down moves are likely. Stop-losses should be placed around 780p as we look for a move back below 680p".

A few days later it moved up through 800p and never went below that. On 17/3/10 it touched 1211p.

The only good thing is that they had a stop loss!