Amey Share Discussion Threads

[protec] 19/12/2002 10:11

With regards to breaing up the company a lot of it is in the process of being sold already what if any further break up can take place and what effect will it have on the share price i am holding from £1.30 due to illness and am considering my next move.
1) Average down to say 50p (possible 6 months to break even) suject to no more bad news?
2) Ride the storm and wait for a recovery which could take a long time
3) Bail out now and take it on the chin

Any thoughts on the direction in the next 2 months is hard to predict even with the signing of the LUC and pending sales of Vetra iminant.
Is this a short term gamble or a long term investment i for one cannot decide.

[miamisteve] 18/12/2002 17:36

There's been so much uncertainty and delays with the tubelines contract that there may be a couple of pence upside if the year end date is met. Possibly why tito is buying up before then.

The largest shareholder meditor 14.7% is also after breaking up the company.

With the Sauser forced break up and buyback program some years ago in switzerland, tito was able to bail out with a 500% return on his investment.

[glennborthwick] 18/12/2002 17:29

kermit - any idea bout legends xmas trading

[kermit] 18/12/2002 16:56

Tito is now one of the largest shareholders so i think you will find he will be doing things for the benefit of shareholders. Capital return wise anyway.

[k0705732] 18/12/2002 16:28

I have two questions

1. Would it help this Company's shareprice if they sign the Underground Consortium Contract before the end of the year, or is this already factored into the price?

2. If Tito force a selling of the parts as suggested to what extend will this benefit shareholders?

any takings?

[crate] 18/12/2002 15:48

protec. If your refering to the large quantity 29.5 trades they are buys IMO for Tito. See latest RNS. He looks to be building a big enough stake to be able to set the adgender for the Co. On passed form this may mean he will force a selling of the parts.

[protec] 18/12/2002 13:37

Can anyone explain the trading today what the hell is going on

[crate] 18/12/2002 11:10

I think a break up is almost certainly on the cards following the latest RNS

[petersmith6] 16/12/2002 22:08

whats this...a little blue? mmm could be the start of the buying

[cheesemonkey] 16/12/2002 00:32

This should get things moving.

Government to crush Underground resistance
By Jason Nissé
15 December 2002
The Department of Transport is planning to outflank the Mayor of London, Ken Livingstone, by transferring control of part of the Tube network to a private consortium in the days between Christmas and New Year.

The Tubelines consortium, which has agreed a 30-year deal to operate the Jubilee, Northern and Piccadilly lines as part of a £15bn public-private partnership (PPP), has been promised that it can close the deal and take over the lines before the end of this year.

It is understood the formal change of control is now planned for four working days before New Year. This is despite a last-minute attempt by Mr Livingstone and Bob Kiley, head of Transport for London, to derail the sell-off by claiming it would need a change in the law before the deal can be completed. However, London Underground's lawyers have told Mr Livingstone that changes in the Greater London Authority Act need only be made before he takes over the running of the Tube from the Department of Transport, which is many months away.

Jarvis and Bechtel, two of Tubelines' three shareholders, agreed earlier this month to buy out their third partner, Amey, because of Amey's financial problems. The other consortium, Metronet, which is to take over the rest of the network, is still two months away from finalising its deal.

The whole process has been held up by legal intervention from the Mayor, who has appealed to the European Commission to try to have the PPP rules outlawed. The Government has had to indemnify the two consortia to the tune of £2bn to cover the potential losses if Mr Livingstone is able to have the deals reversed.

[peterdonovan] 15/12/2002 15:53

lost the redcar and cleveland contract

[l2e] 14/12/2002 19:03

not good when they lose contracts is it....maybe something else in the pipeline?....

[yx605423d] 13/12/2002 09:04

The re assessment of the prefered bidder at Redcar and Cleveland has seen Amey loose out to what was the reserve, Liberata

[miamisteve] 13/12/2002 00:16

WHEN'S THE TUBELINE DEAL SUPPOSED TO BE SIGNED?

[miamisteve] 12/12/2002 13:35

FROM AMEY TRADING UPDATE 9TH DECEMBER,

'The review anticipates a successful outcome to current discussions with lenders and the completion of a number of transactions before the year end, including the London Underground PPP and the commercial completion of sales of the company's PFI portfolio and the Amey Resource Management and Vectra businesses.'

DOES THIS MEAN 31ST DECEMBER AT LATEST???

[taylorag] 12/12/2002 13:19

I thought it was this week. More delays and share price could drift back - hope not though.
Jarvis plc (partner in same venture) made an announcement last week/week before which mentioned Amey but I didn't quite understand what the bottom line was. You might like to visit?

[crate] 10/12/2002 21:17

Also got in today.

[petersmith6] 10/12/2002 20:52

when more like

[kermit] 10/12/2002 15:49

Just a traders instinct but i am long a little today and a little yesterday.

Adding as they go up.... If they go up

[l2e] 10/12/2002 08:50

maybe some top level adjustments are in order?.....all the best

[datasharp] 10/12/2002 00:50

Covered 3 lots CLLN

[cat] 10/12/2002 00:43

covered clln -2 - wot a wally

[matthewa] 10/12/2002 00:30

MT Glass - IAL - Which also never moves but one day will be worth > 10p

[m.t.glass] 10/12/2002 00:26

LONDON (AFX) - Millfield Group PLC six months to September 30 2002
Sales - 14.17 mln stg vs 6.74 mln
Pretax loss before goodwill - 5.4 mln stg vs loss 2.2 mln
Pretax loss - 5.92 mln stg vs loss 2.25 mln
Loss per share - 9.82 pence vs LPS 4.77

(MIL) No immediate impact on its own trades (of which today there are none showing yet) but an indicator (losses doubled) re other financial advice firms perhaps. (Like whom?)