Amec Share Discussion Threads

[crabbeng] 10/1/2013 19:20

good contracts won Tuesday, anyone know the value of the second?

[maurillac] 10/1/2013 14:00

going well today ! gla
m

[crabbeng] 02/1/2013 20:20

It could do 1250 easy, but if it goes below 1000 I'll be out.

[maurillac] 02/1/2013 10:52

1250 will do thanks
m

[mj19] 31/12/2012 19:24

long way off

Wednesday broker round-up UPDATE
Wed 12 Dec 2012

LONDON (SHARECAST) - AMEC: Credit Suisse reduces target price from 1300p to 1250p reiterating an outperform rating.

[rogerrail] 04/12/2012 19:29

Tipped on Share Centre website although I can't swear they are the greatest tipsters in the business:

[uhound] 31/10/2012 10:45

Seymour Pierce buy rating target 1,250p, Investec buy rating and 1,300p target.

Plenty of investors take note of broker comments, so can only help sentiment too.

[uhound] 31/10/2012 10:45

Seymour Pierce buy rating target 1,250p, Investec buy rating and 1,300p target.

Plenty of investors take note of broker comments, so can only help sentiment too.

[uhound] 31/10/2012 10:34

I see the recent dip as a buying opportunity and have added.

Share buy back, Contract wins, Joint Venture with Samsung Heavy Industries all very positive for the company.

Technically looks oversold.

[apad] 26/10/2012 12:58

:-)
apad

[cisk] 26/10/2012 12:56

Or that they have more work than they can handle?

[apad] 26/10/2012 12:54

Rumour from inside the company says that Brikho is encouraging all possible overtime - perhaps indicates that promised targets will not be met.
apad

[thamestrader] 26/10/2012 12:38

They are now £1 cheaper than that buy tip.
The whole market's down, but AMEC has been hit particularly hard.
It this rate they'll be under a tenner by the close.

[raysor] 25/8/2012 09:47

AMEC tipped in Share Spotlight current edition. Redmayne Bentley say they are a buy at 1113p
They say that the shares dropped from their six month range on the results and that some analysts were spooked by a 0.7% fall in margins. However thay counter that with the massive growth in revenue and this seems to be only a slight issue.
They also note that the p/e ratio of about 15.6, is at a slight discount to the sector, which stands at 16.48. And that the strength of the business and the guidance from the firm should support that rating

[luderitz] 10/8/2012 17:50

CE buys 20000.. enough said.

[philo124] 10/8/2012 13:10

Well, looked 2 days ago and thought it could go to £10.50, but would i buy in this mkt? Chairman retiring so i expect a bid within 6 months.

[apad] 10/8/2012 10:50

Well done on Wood group Phil, been on my watch list for far too long. Do you have a view of a current entry price?
apad

[philo124] 10/8/2012 09:25

Wood Group have been a stunning share, i hold this & PFC. Should have bought
AMEC sub £2, now waiting for sub £10.

[apad] 10/8/2012 09:21

Very marketing-language oriented article, with a lot of politics, by Brikho in today's Telegraph.

Anyone have views on PFC vs AMEC?

I hold both.

apad

[apad] 09/8/2012 22:18

Mmmm.
The Tintins are all concentrating on the margin issue because Brikho boasted about high margin contracts.
AMEC has a lot more employees, including a batch from SERCO with nuclear engineering expertise.
I think that high growth from SERCO depends on a nuclear program. I wonder if the chinese would be hiring european companies, or if the chinese relevance to a uk nuclear program was a negotiating ploy to create a competitor for EDF. 80% of the current large plant licenses in the UK are for gas (which is cheap) and there is an incentive for early implementation. So, a UK nuclear program could easily slip down the years.
So, I reckon the key issue for AMEC is - where do the big activities, and hence contracts, come from? They have high overheads.
The price ratios are too rich for me at the moment.
£9 looks better value.
I'm a long term holder.
apad

[wylecoyote] 09/8/2012 12:41

I find it hard to believe that the market has sold on falling margins. The organisation is growing quickly and EPS growth is solid. More like it was a sell of on news.

[mj19] 09/8/2012 10:38

Margins decline at AMEC

By Benjamin Chiou

Thu 09 Aug 2012
AMEC - Amec
chart
Latest Prices
Name Price %
Amec 1,093.00p -5.69%

Oil Equipment, Services & Distribution 24,458 -1.84%
Margins decline at AMEC LONDON (SHARECAST) - Engineering and consultancy group AMEC reiterated previous guidance of double-digit underlying revenue growth this year but the market was more concerned about falling margins.

Revenue surged by 37% from £1,484m to £2,026m in the six months to June 30th, up 28% on an underlying basis (which excluded the impact of current and acquisitions). Growth was driven by a strong performance in the oil, gas and mining sectors.

This growth was assisted by the incremental impact of procurement activities on certain natural resources contracts; without this, underlying sales would have increased by 15%.

Earnings before interest, tax and amortisation (EBITDA) increased by 25% from £122m to £152m, while pre-tax profits rose by the same rate from £101m to £126m. The group said that the strong growth was recognised in spite of lower-than-expected profits from key performance indicator targets (KPIs) on Kearl initial development in Alberta, Canada, due to schedule delays.

EBITDA margin fell from 8.2% to 7.5% since the first half of 2011 as expected, as a result of the increase in procurement activities and a shift in the work mix in the Natural Resources division. These issues will mean that the second-half margin will be lower than last year. though it is still expected to improve on the first half.

Operating cash-flow jumped by 89% from £75m to £142m. The dividend per share was hiked by 15% from 10.2p to 11.7p.

"AMEC has had an excellent start to the year, with revenue growth boosted by phasing of project execution and procurement in our oil & gas and mining businesses in particular," said Chief Executive Samir Brikho.

The market begged to differ, with the shares falling to 1,149p in the first hour of trading from 1159p overnight, before recovering a little.

"The order book has been maintained at record levels. We see continued demand for our services, and this has not been significantly impacted by the on-going economic uncertainty. Second-half revenues are anticipated to be maintained at broadly the same level as the first half, leaving us on track to deliver double-digit underlying revenue growth for the full-year. We expect to continue to deliver good growth in 2013," Brikho said.

[luderitz] 09/8/2012 10:20

Half year results: Down 6%.. Market no likee!

[northernlass] 26/7/2012 05:30

Buys Serco's Nuclear Consultancy

AMEC BUYS SERCO'S NUCLEAR SERVICES BUSINESS FOR £137M

The acquisition further builds Amec's footprint and capabilities in the clean energy market.

The British engineering and project management services provider Amec has acquired Serco Group's nuclear technical services business for £137m in cash.

The business, which employs around 600 staff, provides consulting and project solutions primarily to the UK civil and nuclear defence markets. For the year ended 31 December 2011, it generated approximately £70m of revenue and £13m of adjusted operating profit.

As part of the acquisition, the business will be integrated into Amec during 2012.

Neil Bruce, COO of Amec, said:

"This acquisition is fully aligned with our Vision 2015 growth strategy and further builds Amec's footprint and capabilities in the clean energy market. The team of some 600 highly skilled professionals will complement our existing expertise in nuclear support activities and enable us to better serve our customers."

Source:



P.S.
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