Amec Share Discussion Threads

[wendsworth] 06/1/2008 20:00

dextroisomerism: BE CAREFUL.....I TOO LOVE THIS STOCK .....BUT......!!!!!

I sold out completely the week before last in anticipation of SEVERE downward pressure on the DOW .

Not even a strong oil price is going to offset resultant FTSE weakness for this stock.

You can always buy back in when things calm down a bit??????

[waldron] 06/1/2008 18:10

An Abb Man

interesting

[fredd] 06/1/2008 15:01

In today's Telegraph:

Energetic chief pushes Amec into FTSE elite

By Richard Northedge
Last Updated: 1:11am GMT 06/01/2008

Samir Brikho has just won Double Your Money. In his first year as chief executive of Amec, the share price increased 99 per cent - a rise big enough not only to push the energy consultancy into the FTSE100 last month but to beat all the other members of that elite club. The FTSE index as a whole rose less than 4 per cent.

Full piece here:

[john of groats] 19/12/2007 11:34

And now entering the FTSE100, replacing ICI. That means the tracker funds will have to buy.

John

[dextroisomerism] 18/12/2007 22:09

If it gets to £10 it will be a £100k profit for me - tax free, it's in a PEP.
I love this company.

[triguy] 18/12/2007 17:12

Into the FTSE 100 as of Thursday 20th December - this has been a fun share for me over the last 18 - 24 months, been a pleasure top slicing this and now it is underpinned by the elevation to the 1st index (well hopefully). I mentioned in a previous post that I thought £10 by next Q1/2 would be possible, looking at advance orders and the strategy the company is employing in the O&G business I stand by the £10 quote, anyone have any other insights into this one?

[bluebelle] 18/12/2007 09:20

Yes it does. Look at today !!!

[bluebelle] 18/12/2007 09:18

Great share. One of my best performers of the year. Quality management in a growth sector.

[swanddot] 15/12/2007 17:26

Cambium
What do the 3 figures mean.

[cambium] 14/12/2007 13:46

AMEC Deutsche Buy 786.50p 830.00p 900.00p Reiteration

[dextroisomerism] 13/12/2007 19:11

It doesn't get better than this.

[enami] 12/12/2007 18:10

Pretty good performance today. Hoping for a good Trading Update tomorrow.

AMEC just missed FTSE100 inclusion but is top of the reserve list. ICI (and RTR / KEL?) to be taken over soon so they should be promoted whenever that occurs.

[wendsworth] 11/12/2007 12:40

Market is anticipating some indications of forward strategy ...viz acquisitions etc. Possibility of a merger with Wood Group would be nice!

[swanddot] 11/12/2007 09:56

What do you think Trading update will say.

[enami] 11/12/2007 08:40

Pre-close trading update due on Thursday.
FTSE review at close of business tonight, a good chance AMEC will be promoted to the FTSE100 - should be on reserve list at least.

[dextroisomerism] 19/11/2007 19:59

Nice strong rise in AMEC today - against a background of a very weak market. Very encouraging.

[dextroisomerism] 15/11/2007 07:26

You are right. I get nervous too!

[rafieh] 14/11/2007 09:06

Dex
It dropped purely on market nerves. If you are a long term investor, you should ignore these short term fluctuations,.

[dextroisomerism] 13/11/2007 18:30

I got greedy. I should have sold half my holding when they were 840.

[john of groats] 09/11/2007 23:37

Sven,


Although I opposed the invasion of Iraq, I bought into AMEC in June and September 2003 at an average of 277p because it was bidding for American reconstruction funding in association with Fluor. I baled out in April 2004 at an average of 305p because I could see no end to the mess. AMEC was also an innocent victim of Jarvis's appalling mismanagement of rail maintenance when Network Rail decided to terminate contracts and take them back under its own management.

I lost interest in AMEC after that but they have extricated themselves from Iraq, concentrated on high value engineering services in areas such as oil and gas production, renewable energy and nuclear energy. They gradually sold off the rest and started to acquire smaller companies in their chosen areas. After stagnating for a couple of years, the share price began to lift off in September, last year, when the market began to recognise the potential.

Unfortunately, I did not wake up to its revival until September, this year. I think there is still plenty of growth ahead.

John

[sven2006] 02/11/2007 11:27

looks like a great RNS

[rafieh] 31/10/2007 11:23

It appears that the profit taking is over for now, and the punters are returning.

[bluebelle] 30/10/2007 10:43

dextro

It always amazes me that so few people ask themselves that question ! You often see on BBs people saying things like 'these have had a good run, time to move on', but to where ? If it's a question of having a higher proportion of their total assets in shares than they feel happy with and they're moving into cash, then fine. If not, where else are they going to put the money ? Right now, this remains a core hold for me.

Also, I don't buy Enami's dividend story. There is always a problem, in the short term, about yield when the price of a share has risen quickly. (As well as the other way round : in yield terms Northern Rock was the market star until recently!!!). I think yield is important and too many PIs ignore its importance, but if a company is delivering on all the relevant metrics, and has a progressive dividend policy, then the yield on the current value of your holdings - as opposed to on the value of your initial investment which is IMHO more relevant - will eventually come into line.

I like well-managed, profitable companies in growth sectors which are showing good relative strength to the sector and the market. This ticks all of my boxes and, having added twice this year, I'm happy to hold.

[dextroisomerism] 29/10/2007 19:54

I spoke too soon and offended the gods. I agree that short term they do not look cheap. However, if I sell them what would have better long term prospects?

[enami] 29/10/2007 14:10

dextro - yes for a while, but the profit taking continues. The stock has hit the point where the yield at about 1.5% is quite low. Long term holders will be happy with the increase in value but I don't think it is attractive enough to buy on a fundamental basis now.