Amec Share Discussion Threads

[enami] 15/5/2008 09:43

Well up today following a bobble after yesterday's Trading Statement and AGM.
A new ATH just made this morning.

My target still 874 as per Post 862

XD 21 May

[l2e] 06/5/2008 19:22

More on the aquisition trail...any comments on the recent bdr offer?
Could this now reach for 900+


Acquisition




RNS Number:7309T
AMEC PLC
06 May 2008



6 May 2008

AMEC acquires specialist in-situ oil sands business

AMEC plc, the international engineering and project management company,
announces today that it is to acquire Bower Damberger Rolseth Engineering
Limited (BDR), a specialist in-situ oil sands business, from its owner-managers
for Cdn$45 million (#22 million) in cash.

Based in Calgary, Canada, BDR provides specialist technical engineering services
to the fast growing 'in-situ' heavy oil, gas and oil production industries. With
85 employees, it has a particular expertise in thermal recovery of in-situ oil
through its Steam Assisted Gravity-Drainage (SAG-D) methods. In-situ deposits
are those which lie too far below the surface to be recovered by open-cast
mining.

BDR's reputation and capability in the in-situ segment of the market is
complementary to AMEC's existing position and expertise in oil sands, where it
is the market leader in the provision of upstream engineering services and
project management to the surface mining sector.

Samir Brikho, Chief Executive stated: "This is an important acquisition for AMEC
and one which enhances our position in the fast growing Canadian oil sands
market. It also demonstrates further progress with our strategy of geographic
and capacity expansion in the energy industries, which was first communicated in
December 2006."

Neil Bruce, Chief Operating Officer for AMEC's Natural Resources division,
added: "By combining AMEC's leading position in the mineable segment and BDR's
strong reputation in in-situ extraction, we are creating a capability that is
well positioned in a market with good growth prospects."

Stuart Albion, President of BDR stated: "We are delighted to join AMEC and
combine our specialist engineering capability with the total EPCM* project
delivery capability of AMEC and we are looking forward to contributing to the
future growth in the oil sands."

Of the initial payment, Cdn$10 million (#5 million) is deferred over three
years. Up to a further Cdn$35 million (#17 million) is payable in five years'
time, subject to the achievement of certain profit targets beyond a threshold
over that period. Completion of the transaction is expected later in May.

[enami] 02/5/2008 14:11

Now up 4% , The ATH is 849.50.

14 May 2008 Annual General Meeting

21 May 2008 Ex dividend

01 Jul 2008 Final dividend of 8.8 pence per share payable

[enami] 02/5/2008 09:35

AMEC doing well recently.
Broken the triangle and close to March high 807.5
My target 874

[l2e] 29/4/2008 19:34

Watch this bad boy reach for the 9's, must be ready to cross and cut 800 now...seems to lag and then catch up..
any comments

RNS Number:2775T
AMEC PLC
29 April 2008





29 April 2008

AMEC secures $500 million five-year contract in Azerbaijan


AMEC plc, the international engineering and project management company, has been
awarded a five-year Engineering Modification Services (EMS) contract for BP in
Azerbaijan.

The value of the new contract is estimated to be approximately US$500 million
(#250 million) over the five years.

Under the contract, which is an extension of an existing eight-year contract,
AMEC will provide engineering and construction management services to enhance
and extend the life of all of BP's offshore installations in the Azeri sector of
the Caspian Sea, which represents around 20 per cent of BP's global production.
The facilities include the Chirag, Central Azeri, West Azeri, East Azeri and
Shah Deniz and the soon-to-be-developed Deep Water Guneshli assets, which are of
strategic importance to Azerbaijan. Together, they currently produce over 1
million barrels of oil and 700 million standard cubic feet of gas per day.

AMEC's expertise in asset support and brownfield projects, excellent safety
performance and a major presence in Baku, where it has developed a sustainable
regional business, were important factors in AMEC winning the contract renewal.

"This is an important long-term asset support contract that reinforces our
international growth strategy and our relationship with BP," said Neil Bruce,
Chief Operating Officer, AMEC's Natural Resources business. "We have developed
and continue to develop a strong position in the Caspian and surrounding region,
where we have strong business relationships and a good understanding of local
issues."

Richard Rippon-Swaine, Azerbaijan Country Manager, AMEC's Natural Resources
business added: "This latest contract underlines our excellent position in
Azerbaijan. Since setting up in Baku 10 years ago, we have built a business that
employs local people and delivered several successful major projects that have
helped Azerbaijan's national oil industry to grow."

[clancrackan] 11/4/2008 09:29

Amec management are doing an excellent job imo and are now in high growth sectors in particular the oil and gas service sector, development and maintainence. I like management that gets it strategic priorities right and really goes for it.

[zutalors] 04/4/2008 14:24

INVERSE HEAD & SHOULDERS

[donemyhomework2] 11/3/2008 07:44

These look like excellent results to me!!

More like 800p not 600p.

[dextroisomerism] 11/2/2008 12:33

Wendsworth - did you see the article on AMEC in the weekend FT? In fact, it so echoed your sentiments that I wondered if you were the author!

[fund1] 30/1/2008 22:18

£6 nailed on imho.

[wendsworth] 30/1/2008 22:05

Further to fall in the first calendar quarter is my view.

[daz999] 30/1/2008 16:39

Thanks guys. This bb is a haven of reasoned, accurate comments in an advfn sea of crazyness at the moment!

[ggekkko] 30/1/2008 14:38

daz, sorry been away since i closed in here
looks like some support at £6.4 and £6, maybe down there, but there seems to be some recent indecision and a recent attempt to rise, which failed to an extent

rsi was heavily oversold, now a little better, that's why i'm out the door

doesn't look obvious to me, as it did when it finished the double top

my choice is wait and see, but i'm more partial towards it going further down if i had to bet - but won't with real money!!

[wendsworth] 25/1/2008 09:22

GGekkko: Probably very sensible.

Daz999: AMEC has always been a 'news driven' stock. Now its a FTSE stock its much more subject to the vagaries of the general market. Do you think the current market volatility is set to continue for some while yet? Do you think the US is in recession ..in which case the price of oil is likely to fall back to more sensible levels? If your answer to these questions is 'yes' then you know your strategy. Having said all that a KEY news item could send AMEC soaring back up ...but I doubt that in the short term.

[daz999] 24/1/2008 19:51

Gordon.

you have called this extremely well and as a holder from £4 to £8 you and wendsworth have saved me a fair chunk of money by calling this fall. Thanks

where do you see the share price going now?

[ggekkko] 24/1/2008 19:46

Stop closed in, I'm about done.

[wendsworth] 21/1/2008 19:07

Another hefty fall today .Indeed AMEC did trade below 650p level falling to 646 at one point.

More volatility to come and probably more downside.

Regretably, I cannot see any respite for holders in the short term.

[ggekkko] 21/1/2008 12:40

merob

here's one

[wendsworth] 18/1/2008 22:37

Traded below 700p today and with the likelihood of more general market turbulence there's more downside to come.

Having seen all my short term targets achieved so quickly I hesitate to predict much further but...650p doesn't look out of the question.

Had it not been for the share buy-back programme ( which has partly supported the price) one wonders at what level AMEC would be trading now ?

Without doubt its no longer on traders screens , at least for the time being, as an active buy.

[merob] 18/1/2008 10:05

Gordon - you pointed out a stunning Short here. I thank you.

[ggekkko] 16/1/2008 21:59

Honestly speaking this turned out better than I figured, looks weak now, especially when the trend line is broken for sure

[wendsworth] 16/1/2008 20:36

We've now seen 750 and tonight's close of 738 is beginning to point to a clear downward trend.

If oil weakens further with more indications of a US slowdown then expect to see AMEC trading below 700p in the short term.

However, this is very much a news driven share but failing something significant then a drift downwards until results strikes me as inevitable.

[the diddymen] 14/1/2008 22:30

Wendsworth

I think that they cannot be far short of 7m shares now. Does anyone know the authority that the board have been given?

They seem to be buying in the morning and the MMs know this, up goes the price, and as soon as they stop buying down it comes again. That said it is possible that they had a second foray into the market around lunch time today.
Tomorrows RNS will give an indication if it is above the standard purchase of 250k.

[dextroisomerism] 14/1/2008 19:58

However, it is a constant drip, drip, drip downwards.