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AAT Aea Tech Grp

0.05
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
AEA Technology Investors - AAT

AEA Technology Investors - AAT

Share Name Share Symbol Market Stock Type
Aea Tech Grp AAT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.05 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.05 0.05
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Top Investor Posts

Top Posts
Posted at 16/4/2013 17:17 by smcl
WHO GETS THE £18m????????????

Ricardo acquires AEA Europe

Ricardo has announced today that it has acquired the business, operating assets and employees engaged in the business of AEA Technology Plc (in administration) ("AEA Europe"), for a total cash consideration of £18.0 million. No historic defined benefit pension liabilities or bank debts will transfer to Ricardo as part of the transaction.

AEA Europe is a leading environmental consultancy providing technical consultancy services to the UK public sector, the European Commission, international agencies and private sector organizations. The company is a major supplier of services to the UK government, and has a reputation for providing authoritative and independent technical expertise to underpin policy development, implementation and evaluation, in areas including energy and climate change, air quality, sustainable transport, waste management, resource efficiency and chemical risk.

The acquisition announced today will see the AEA Europe business, including an operational staff of approximately 400 located at five UK sites, transferring to Ricardo where it will operate as Ricardo-AEA under the continued leadership of Robert Bell, reporting to Martin Fausset, managing director of Ricardo UK. Based on its most recent reported results, the assets being acquired generated, for the year ended 31 March 2012, annual revenues of £39 million and delivered operating profit margins similar to those of the rest of the Ricardo group. Its acquisition represents an increase in the size of the business of approximately 20 percent.

Today's announcement marks a significant and extremely positive step in the development of both the Ricardo and AEA Europe businesses, offering potential long-term and enduring benefits for customers, employees and investors alike. Ricardo and AEA are both extremely strong and highly respected businesses in their respective core markets, providing a wide range of high quality, expert technical, scientific and strategic consulting services including the delivery of major national and international programmes.

The clients of Ricardo and AEA Europe are complementary. It is anticipated that Ricardo's international network will allow AEA Europe to develop as a more global business, leveraging Ricardo's industrial client base. In addition, AEA Europe's strong links with government organizations are expected to enhance Ricardo's relationships in this customer area.

"I'm delighted to be able to welcome AEA Europe and its employees to Ricardo," said Ricardo CEO Dave Shemmans. "AEA Europe has a strong reputation for its technical capabilities and has a pre-eminent position in advising on and developing major environmental policies. This acquisition supports our ongoing strategy and marks the continued development of Ricardo as the global multi-industry supplier for high quality strategic, technical and engineering services.

"The two businesses share a similar technology-focused professional culture, based on the delivery of innovative world class services to our customer base, utilizing highly skilled employees. Our common long term strategic drivers of reducing carbon emissions, maintaining air quality and the management of scarce resources provide an excellent opportunity to further develop Ricardo's expertise in delivering high value-added services to our global customer base."

Robert Bell, managing director of Ricardo-AEA, added: "I am extremely pleased that AEA Europe has become part of Ricardo. The transaction both secures the future for AEA Europe and provides a platform for its continued success and growth as a part of the global Ricardo organization."
Posted at 21/9/2012 11:17 by blueday3
New waste data and GIS mapping tool launches at RWM 2012

AEA will be launching its new waste-market research tool, FALCON, at RWM 2012. FALCON is a powerful data and GIS mapping system that provides users with a bird's eye view of the current and proposed waste management landscape across the UK.

Adam Read, AEA's Resource Efficiency and Waste Management Practice Director commented on the launch of the new tool: 'FALCON is an exciting new development. It offers a range of benefits to our clients, including planners and developers, insurers, investors and local authorities. Initial client testing has been positive and the team is now looking forward to publicly demonstrating the technology and its applications for the first time at RWM.'

RWM in partnership with CIWM takes place on 11 – 13 September at NEC Birmingham, UK. It is a leading European event for resource efficiency and waste management. It attracts over 14,000 visitors each year and explores the latest industry developments that affect everyone from local authorities and landfills to retailers and recycling consultants.

An online system, FALCON contains details of:

waste facilities (e.g. size, location, status, operator);
municipal solid waste arisings by local authority region (recycled, composted, recovered, landfilled); and
the status of residual waste contracts by local authority region.


Visitors to this year's event can put FALCON and its broad and up-to-date database of waste contract information to the test by visiting AEA's Resource Efficiency and Waste Management team on Stand 20-L69.

AEA's Resource Efficiency and Waste Management Principal Consultant, Sarahjane Widdowson, is also to provide expert insight at RWM. Sarahjane joins a high profile speaker line up and will present on 'The barriers to waste infrastructure and how they can be overcome.' She will draw on her recent experience of supporting the ground-breaking European Pathway to Zero Waste (EP0W) programme.
Posted at 30/5/2012 07:45 by knigel
Investor relations released a RNS to poster on LSE stating that company was very busy at the moment working on various matters which I presume including "solving" the pension issue, agreeing new bank terms and putting into action the strategy review that has taken place... although high risk I'm fairly confident that the results will try to draw a line under the various issues that has kept the share price this low.
Posted at 03/5/2012 20:23 by knigel
This is the email I received tonight from investor relations:-

There is nothing planned imminently. I do not have a date as yet

I have replied asking Neville to confirm that the company will still be releasing an update before the July final results.

Update tomorrow night hopefully!
Posted at 13/3/2012 13:16 by duncandisorderly
Shareholder Type Amount % Holding
Schroder Investment Management Limited - 167,043,868 11.49
Peel Hunt LLP - 141,019,197 9.70
GAM International Management Limited - - 7.46
David Meyers - 97,400,543 6.70
Henderson Global Investors - - 5.05
JO Hambro Capital Management Ltd - 72,500,000 4.99

I find it interesting that David Meyers still hold 6.7%.If he stars adding it might be a,"fill yer boots time,"but I doubt it!!!!!!!
Posted at 13/3/2012 09:19 by susiebe
I was having a look at the RNSs last night.What a boring lot!

Why dont AAT release more news?Surely some contracts must be worth reporting in a separate RNS to the collective trading statements.

Anything positive would give a much needed boost not just to share price but to investors morale too
Posted at 15/2/2012 10:12 by duncandisorderly
I know mate.I always find it depressing when you see the FTSE booming and all my stuff just sits there looking pathetic.
I've been trying to contact J Owen via e-mail/telephone and have not received a single response.So much for,"investor relations",lol.They are fine when they want your money or re-election time is looming but when the sh*t hit s the fan,nothing!
Posted at 08/2/2012 09:18 by hulltiger
CSLT now there is a company what has gone on. I live near head office and know some of the investors and workers a real mystery. Look at the share price now, must be near David Ross's takeover of his own company?
Posted at 20/1/2012 10:38 by master rsi
        MARKET REPORT
FTSE flat in early deals as weak miners offset strong bankers

MORNING REPORT: Headline shares were flat in early deals today as continued strength in the banking sector was offset by weakness in the heavyweight miners, investors cautious ahead of the latest official UK retail sales data.

In early trade, the FTSE100 was down just 3.77 points at 5,737.38 with the FTSE250 ahead 11.4 points at 10,819.7 and the FTSE Smallcaps 2.6 points better at 2,879.51.

US & ASIA
In the US last night, the Dow rose 45 points at 12,624, the Nasdaq Composite gained 19 points at 2,788 and the S&P500 added 6 points at 1,315.

In Asia today, the Nikkei closed up 127 points at 8,766, while the Hang Seng was recently ahead 167 points at 20,110.

LONDON MARKETS
Reports of a softening in stance on Tobin tax proposals by German Chancellor Merkel helped give banks a further boost this morning, with Lloyds heading the leaderboard with a gain of 0.53p at 32.8p. Royal Bank of Scotland added 0.42p at 27.48p and Barclays was 1.6p better at 222.95p.

Fund managers were positive, with Man Group gaining 1.5p at 121p and Schroders 3.5p higher at 1,440.5p. However, midcap investment banker Close Bros sank 22.5p at 636p after a downbeat trading update.

Mobile phone giant Vodafone jumped 2.48p at 175.98p after welcome news from India on the tax front.

Commercial property firms were popular, with Hammerson up 3.8p at 388.1p, Land Securities ahead 4p at 683.5p and British Land 3.4p higher at 493.4p.

Cigarette makers were back in vogues, with Imperial Tobacco up 30p at 2,251p and BAT rising 13p at 2,910.5p.

Other notable blue chip gainers included drinks giant Diageo, up 19.5p at 1,400.5p, sugar to fashion retail group AB Foods, ahead 11.5p at 1,170.5p, and temporary power supplier Aggreko, 7p higher at 2,092p.

Mining stocks had a dismal start to the day as metals prices softened, with Rio Tinto the runt of the litter, down 43.75p at 3,684.25p. BHP Billiton lost 24p at 2,134.5p and Xstrata dipped 11.75p at 1,077.75p.

Russian gold and silver producer Polymetal eased 0.5p at 1,101.5p after Credit Suisse downgraded the stock from outperform to neutral, trimming its target price to 1,040p.

Retailers were in focus ahead of the latest official retail sales later this morning, with Tesco edging down 0.32p at 326.68p, Morrisons off 0.2p at 290.9p and Sainsbury 0.8p lower at 287.1p. Marks & Spencer bucked the trend, gaining 1.45p at 328.45p.

Marketing giant WPP Group edged down 1.75p at 746.25p on news it has continued its new year spending spree, acquiring a majority holding in Finnish PR firm Pohjoisranta.

Petrofac tumbled to the bottom of the FTSE ladder, down 66p at 1,438p after JP Morgan Cazenove downgraded the oil industry service group from overweight to neutral.

Other notable casualties included industrial pump maker Weir Group, down 96p at 1,983p, FT publisher Pearson, off 10p at 1,220p, and satellite operator Inmarsat, 2.45p lower at 404.45p.
Posted at 19/11/2011 11:45 by marab
Some good posts making some good points like -

Dr Rosso - "Sp is the outcome of supply and demand factors in the market and doesnt necessarily have an accurate bearing on the true value of the Co." Which is why many of us are holding stocks at values far below the level we bought them at. Many investors are holding onto their cash so volume is down and even a small sell can savage a share price. When an institution sells like this it's left to the PIs to pick up the stock and that takes time.

Bobs Good Eye -"Dr D - Prudential, Hambros and Legal and General all dumping at the same time has caused the carnage. I'm expecting RNS's from all 3 early next week. Let's face it, Pru don't give a toss about a poxy 250k. As for Hambros, they were adding at over 3p back in July. Now selling at less than a 10th of that." Institutions running billions of pounds worth of investments are not going to be greatly effected by their sells here, and as Bob pointed out - institutional investors make mistakes too.

Weighing everything up, AAT looks worth a gamble with cash you don't mind losing. The downside is you lose everything you put in, the upside that you may be looking at a multi bagger.

My sympathies to long term holders. As a holder of TWE shares I know exactly how you feel although the upside looks potentially better here.

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