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WS Atkins Share Discussion Threads
Showing 1051 to 1074 of 1075 messages
|Further M&A - WSP buys Schlumberger's industrial water consultancy business. No financial details given.http://www.theconstructionindex.co.uk/news/view/wsp-buys-schlumbergers-water-consultancy-business?utm_source=twitterfeed&utm_medium=twitter|
|NC: Many thanks for your clarification - R.|
|Interesting that no specific mention of Address Hotel fire (above my post 1004) and/or any liability risk or potential claim unless the specification of the materials was in compliance with the local codes -
Anyone following closely any detailed knowledge of the Address position ?
I was considering a position after the recent fall but lack of clarity either way re Address has kept me on the sidelines|
|Decent finals - seems no reason for the massive de-rating of this share since last Autumn|
|Another fire looks similar cause : Huge blaze hits UAE residential towers. but no reference to WHA - Could they also have consulted in the UAE ?
Anyone any knowledge ?
|A POSSIBLE BEAR CALL. According to the Sunday Times Atkins designed the Address Hotel Dubai "aka The Towering Inferno" The lawyers should have a field day determining liability and cost of repairs- According to the Sunday Times article the cladding panels had cores of "combustible thermoplastic held between two sheets of aluminium"
Even if no eventual liability it could well be a significant call on senior management time (imo etc)|
|Acquisition using up cash - for some reason advfn not showing press release|
|Must have won a big contract.|
|Despite Whoppys stream of negatives, the company seems to be doing pretty well in all markets....if he is correct then the inefficiencies are being handled well.|
|Steady as she goes and good prospects here.|
|Nice and solid
The Group's financial position remains strong and, following an excellent cash performance in the last quarter, we have raised our expectations for net funds at 31 March 2015 to around GBP175m
Expectations were forecast to be 135m|
|I actually think Whoppy's posts make sense and shows one who is close to its operations. Keep up the informative posts!What's your view on the restructuring? Do you think it will be for the better or reorganising for reorganising's sake?|
|Yes, I'd be happy to participate. I suspect whoppy has the same gormless expression as Mister Ed
Give him a bacon sandwich and see how he tackles it.
On the subject of Atkins, he does seem to be spouting. He comes across as one of those people who believes in, stats, stats and facts. At the end of the day when a stock has momentum, all the negatives in the world won't stop it moving northwards. We will see 1400 this week, and thats a Shammy party promise.|
|shammy v whoppy! Are we going to have a head to head TV debate on this one!!|
|This is looking very strong indeed. Wouldn't be surprised to see a return to 1400 this week|
|Just to continue....On top of what you say Atkins are actually going UP today when the rest of the market is down!|
|whoppy, many thanks for that. Much appreciated!|
|It is struggling to compete..Atkins is quite expensive when it bids for work compared to rivals and has lost work as a result. There has been consolidation in the sector with larger consulants taking over others. Atkins have not been able to do this and are not as efficient.Staff skills are hard to find and they can't get the staff they need to do the work. The skills shortage means they have over 1000 vacancies at the moment so are losing a lot of time/money that could be booked to clients. They are not offering competitive salaries either. They have tried to reduce their selling price by increasing to a 40hr week from 37.5 with minimum or no salary increase to staff. As a result a lot of their talented engineers are leaving. They did have to write off £4m last year in their failed bid for Balfour Beatty's US consultant Parsons Bickerhoff. Competition is fierce and a lot of foreign consultants are bidding and winning work in Atkins own backyard. They are also about to spend many millions building a new head office in Epsom. I'm sure their profit margins will come under pressure. They may become a target themselves. On top of this management are having an internal restructure at the moment to cope with the way things are going.
David Tonkin the CEO for UK and Europe stood down towards the end of last year.|
|Any reason why Atkins is traveling in the opposite direction to the rest of the market today?|
|WS Atkins is featured in today's ADVFN podcast.
To listen to the podcast click here> http://bit.ly/ADVFN0111
In today's podcast:
- Alan Green CEO of TradersOwn.co.uk will be chatting about European QE and a steady company that pays a dividend, who shares price has trebled in price over the last 5 years. Alan on Twitter is @TradersOwn
- And the micro and macro news including:
LondonMetric Property #LMP
Balfour Beatty #BBY
WS Atkins #ATK
Victoria Oil & Gas #VOG
Rio Tinto #RIO
IG Group #IGG
Friends Life #FLG
William Hill #WMH
Stock Spirits Group #STCK
Centaur Media #CAU
TSB Banking #TSB
Coca-Cola HBC #CCH
Sula Iron & Gold #SULA
Setting up an account on ADVFN is FREE!!! Just CLICK HERE to register.
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|Maria Psarra of JNF Capital says to BUY in WS Atkins (ATK) - See
more at: http://www.tiptv.co.uk/#sthash.HN8vLdWq.dpuf|
|Tipped in IC tomorrow morning|
|Atkins consortium with CH2MHill and Serco pull out of bidding for UK MOD DE&S acquisition competition, as could not achieve a commercially viable business model.At least there'll be no more money, time and effort being wasted on a contract that would have been a loser from the start.|
|Atkins acquires Singapore based project management business
WS Atkins plc ('Atkins' or 'the Group') has acquired Confluence Project Management Pte. Ltd. ('Confluence'), a project management business with operations in Asia Pacific, the Middle East and India, for a debt-free cash consideration of £8.4m.
Confluence is an international consultancy offering services in the areas of project and construction management, and specialist programming and planning. In the year to 30 June 2013 the company, which employs around 200 people, reported revenue of around £14.5m.
The business' teams in Singapore, Hong Kong, Abu Dhabi and India will integrate with Atkins' existing operations in Asia Pacific and the Middle East. The acquisition complements well the Group's Faithful+Gould project and cost management consultancy business and, in particular, augments its presence in the commercial, retail and hospitality sectors.
Prof Dr Uwe Krueger, chief executive officer, commented: "This acquisition is an important further step in the delivery of our strategy to increase our regional focus and grow our business in Asia Pacific and the Middle East. This business brings highly reputed client and sector knowledge and complementary regional presence and capacity to our existing project management business, as well as the ability to service increasingly complex projects for our global clients."|