Instem Share Discussion Threads

[sheeneqa] 15/1/2007 16:11

INTRODUCTION

International Nuclear Solutions (INS) demerged from AIM listed Robotic Technology Systems (RTS) and listed on AIM in May 2006. The demerger was effected by INS acquiring from RTS Innovation Ltd from RTS and shares in INS being distributed in specie to RTS shareholders, without any funds being raised. On the first day of dealing (31st May 2006), the shares traded at a mid-market price of 36.5p, valuing the company at £22.8 million.

INS is one of the largest providers of nuclear engineering and design services in the UK, with nearly 25 years of experience of working in the nuclear industry. It offers services and solutions spanning front-end definition, detailed design, procurement, build, testing and integration, site installation, start-up and operation. In addition, INS provides support for plant asset care and maintenance of redundant facilities. The company also supports the commercial operating facilities associated with fuel fabrication and spent fuel reprocessing activities at Sellafield. The ability to provide this comprehensive offering brings a number of advantages, including providing a 'one stop' shop for customers (which include British Nuclear Fuels (BNFL)) and having different projects at differing phases of their life-cycles, thus assisting the forward visibility of the workload. The company is currently focused on the clean-up and decommissioning of the nuclear legacy facilities which fall under the auspices of the Nuclear Decommissioning Authority (NDA).

NDA was established in April 2005, as a non-departmental public body, responsible for the decommissioning and clean-up of the nuclear legacy sites. Under these arrangements, BNFL has responsibility for the management and operations of 75 per cent. of the nuclear sites transferred to the NDA for decommissioning and clean-up. The remaining liabilities are located on former UKAEA sites and the UKAEA have responsibilities to the NDA, similar to BNFL, for the management and operations of those sites. The NDA's work programme is expected to last a number of decades, with an estimated value of over £63 billion. The NDA has a budget of £2.1 billion as identified in the NDA Annual Plan for 2006/2007 which is anticipated to remain at this level over the next two years. The budget is to cover decommissioning and clean-up activities, and the continuing operation of commercial activities. Approximately £1.1 billion of this budget is assigned to Sellafield, one of the primary sites which the company is involved with, of which approximately 25 per cent. is expected to be used to finance decommissioning and clean-up.

UPDATES

In June 2006, INS was awarded a 3 year Framework Agreement from British Nuclear Group for design/engineering work on the Mixed Oxide Fuel ('MOX') facility at Sellafield - the contract is expected to be worth £8 million.

In July, Carillion plc awarded a contract for the supply, integration and site support of process plant and equipment for the Sellafield Product and Residue Store project, the largest new build project on the Sellafield site. The contract is worth over £15 million, including advance orders of £3 million, and is due to be completed in Q3 2008 - the contract contains options which may increase its value to over £18 million. INS has been involved in the early stages of design and development of this project for over 3 years.

The interim results to June 2006 showed sales of £12.6 million (2005: £14.1 million), pre-tax profit of £192,000 (2005: £1.1 million) and adjusted EPS of 1.39p (2005: 1.56p) - the results include an exceptional charge (costs of demerger and IPO) of £836,000 (2005: £nil). The company reported that the period end order book was £11.4 million (2005: £6.7 million) - subsequent order intake in July and August totalled £15 million; due to the increase in activity in the nuclear industry, staffing levels were increased by 11% - this is against a background of buoyant demand for engineers and technicians not only in the nuclear sector but also in the process, oil and gas and infrastructure sectors - the increase in staff numbers has necessitated opening a new project office near to the main customer's office.
thanks to

[sheeneqa] 15/1/2007 13:38

Jings up we go again, aint no stoppen us now;-)

[thenry2468] 09/1/2007 11:07

INS a very steady business with huge potential with so many nuke plants planned all over the world.
very cheap imo added to my position.

[sheeneqa] 09/1/2007 08:19

Been a great little performer recently and not on many peoples radar....



Be handy if you could put that link in the header if you are about RAM? tia

[mitzis] 08/1/2007 09:47

Tick up and 60p sometime this week.

[spiggytopes] 04/1/2007 11:19

There was a tv news piece on Dungeness a few days ago. Maybe that concentrated MMs minds on the industry?

[Abuse team] 03/1/2007 16:45

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[davey3] 03/1/2007 16:33

Good chart!

[robson1974] 22/12/2006 11:54

would a merger with redhall be a good idea?

[forensic stockpicker] 14/12/2006 14:23

joined you guys here today. Looks to have a good future.

[sheeneqa] 14/12/2006 10:36

British Nuclear Group In-Tank Pipe Cropping a Great Success
12 December 2006
THE novel use of a light-weight, long reach robotic manipulator by nuclear engineering specialists, INS (previously RTS Innovation), has helped British Nuclear Group maximise the capacity of two Bulk Storage Tanks (BST) in the Site Ion Exchange Effluent Plant (SIXEP) at Sellafield.

Magnox head of projects at British Nuclear Group, Simon Wittridge, described the project as "an excellent example of innovative working between the teams," adding, "such good collaborative working between ourselves, INS and S.A.Robotics, has resulted in a very challenging project being delivered early, under budget and, most importantly, with no accidents or events at all."

The tanks receive effluents from Magnox reprocessing activities and separation area ponds and act as buffer storage. They allow the liquor and sludge in the effluent to settle out before the liquor is transferred through SIXEP for treatment prior to release. To support ongoing and future operations at the Sellafield Site, British Nuclear Group, Sellafield Limited, reviewed many methods of buffer tank capacity optimisation. The outcome of this technically challenging project was that five stainless steel pipes were cut in each of two BST. This was achieved without damaging the existing tank furniture, tank walls or disturbing the ongoing operations of SIXEP, delivering an additional 200m³ of capacity. The additional capacity was gained at a significantly lower cost than the only other alternative, the construction of additional storage tanks at a multi million pound cost.

INS and S.A.Robotics undertook the execution of the project, on a 'fixed' price basis, from re-design through equipment delivery, installation, active commissioning, operation and final removal of the equipment from the SIXEP facility.

[teapreacher] 13/12/2006 13:14

He is also probably markzzz too!

[teapreacher] 13/12/2006 12:32

He's been knocking SOLA since 200p - the guy is not to be trusted. A lowlife.

[markzzz] 13/12/2006 12:30

mitiz, he said there was a bubble about to burst in sola (it did that daywhenit was over £5), so they took is posting rights away. Very harsh in my opinion, nothing wrong with his post.

This ones storming along.

[exile] 13/12/2006 12:24

What's happening...three mm buys ..low volume and it's going up!

[spiggytopes] 13/12/2006 10:37

Posts usually get removed because someone advertises a 'tip site' on every thread they can find. A good thing too.

[mitzis] 13/12/2006 09:40

Why has Hedgehunters post been removed.what has he said anyone..?

[Abuse team] 06/12/2006 23:51

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[theowalcot] 06/12/2006 11:56

some MM buying looks like they have a order to fill.

[mitzis] 06/12/2006 10:58

Once again another great start on the day.

[Abuse team] 05/12/2006 12:58

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[Abuse team] 05/12/2006 04:58

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[Abuse team] 04/12/2006 23:43

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