Aveva Share Discussion Threads

[sharw] 07/12/2006 22:19

Interims were Nov. 14th. so no routine announcments due for a while.

[mykai] 07/12/2006 21:21

are we due an update or any announcement do you know

[sharw] 07/12/2006 16:14

On 15/9 post no. 25 I wrote:

"For the record, at this moment consensus forecasts for earnings are:
To 3/07 16.51
To 3/08 19.20

It will be interesting to watch how these change".

Those figures are now 26.2 and 29.2 giving a p/e 28.8 @ 755 for the year to 3/07.

[allstar4eva] 15/11/2006 10:48

Any price targets here? PE of 30 for this year?

[sheik yerbouti] 14/11/2006 11:08

What were the latest forecasts? Digital Look have 22.38p and 24.88p for this year and next, presumably pre-split?

[wjccghcc] 14/11/2006 10:40

Coming up a 3-bagger for me now. Awesome rseults. 60p of earnings must be on the cards.

[hitchinhoncho] 14/11/2006 10:11

What a cracker this is! And no traders in sight on this bb, amazing. Let's keep it to ourselves.

[johnrxx99] 14/11/2006 08:59

They said they were doing well and by jove they were. Exceptional!!

[wjccghcc] 26/10/2006 14:24

Well ... if they insist.

[sharw] 26/10/2006 11:45

The Times attributes yesterday's rise to coverage by Numis:

"AVEVA GROUP rallied 10 per cent to a new high amid hopes of further profit upgrades from the software developer.

The Cambridge company said last month that full-year figures would beat forecasts, citing unprecedented demand from the energy sector. But Numis Securities, which flags Aveva's exposure to construction of power stations in China, thinks that forecasts could rise by another 15 per cent, and has set a debut 700p target".

[hitchinhoncho] 25/10/2006 19:18

Gone into orbit!!

[wjccghcc] 25/10/2006 14:45

Gone into auction.

[wjccghcc] 25/10/2006 10:33

They'd certainly be a great target but I'm not sure management would sell given the very positive outlook ... unless the price was outrageously high :-)

[irenekent] 25/10/2006 09:57

Huge jump this a.m. Takeover prospects leaking out?

[explorer88] 22/10/2006 00:31

johnrxx99 - thanks for your suggestion, i'll check it out

[wjccghcc] 21/10/2006 18:18

Interims due 14/11.

[johnrxx99] 21/10/2006 09:32

My suggestion is to research hard and pray! I like kie but a ten bag in three years is pure luck with a micro cap, especially in this market. Good hunting

[explorer88] 21/10/2006 09:26

hi johnrxx99

i'm looking to invest in three small market cap. stocks (preferably under £10m) which have the potential to increase their market cap. tenfold in three years. i've identified one company, and am looking for two more - do you have any suggestions?

[penguin33] 18/10/2006 23:52

Mid-november i think

[doomsday investments] 18/10/2006 18:23

When is it due Penguin?

[penguin33] 18/10/2006 11:58

news all looks good. volume staying low - is everyone now waiting for the full year report?

[doomsday investments] 13/10/2006 12:49

AVEVA shares rocket with 'unprecedented demand' for its software

AVEVA's business has entered an exciting phase of growth as reflected in the recent bullish trading statement by the company.

Describing itself as one of the world's leading providers of engineering data and design IT systems, AVEVA reports that it is experiencing unprecedented demand for its products and services. As a result it expects the results for the year to be materially ahead of its previous expectations but with less of a weighting towards the second half.


Aveva Business Summary
AVEVA markets and develops computer software and services for engineering and related solutions.


This is a strongly positive statement by any standards. AVEVA is enjoying a rip-roaring boom in demand for its products and has entered what is likely to be a dramatic and probably sustained period of strong growth. Stock brokers who follow the company have moved swiftly to upgrade their forecasts, which now range between £20m and £22m for profits against last year's £11.2m and the previous forecast of £15.5m.


Half-year profits set to more than double
Some idea of the strength of the growth curve on which AVEVA finds itself comes from looking at the trend in first half profits. Last year, in the first half to 30 September 2005, the group reported profits of £5.5m against £2.7m a year earlier. Analysts are now looking for this year's first half profits, due to be reported on 14 November, to exceed £11m.

In past years there has been a trend for more than half profits to be made in the second half of the year. This year the company expects this effect to be less marked otherwise full year forecast would be even higher.

Two groups of reasons are cited to explain why the business is trading so well. First are new products, the company is currently spending almost a quarter of revenue on research and development. This unusually high spend partly reflects the 2004 acquisition of Swedish group, Trebon, which made AVEVA the world market leader in design software for the marine market. There has been a big effort to integrate the products. In future years R&D spend will remain high but fall back to more like 20 per cent of revenue. The new product pipeline remains strong.

Oil, gas, power, and marine markets all booming
The second and biggest factor in the strong growth is the buoyancy of the markets being served by the company. The three principal markets served by AVEVA are oil and gas, power generation and marine. All three markets are experiencing buoyant conditions and seem likely to stay strong given the effects of soaring commodity prices, globalisation, booming world trade and widespread power shortages experienced by many countries.

AVEVA likes to talk about its role in the hydrocarbon value chain. Its software is used in the design and management of offshore oil rigs (production), in the huge ships needed to transport oil and gas (transportation), in the processing of the oil in refineries and chemical plants (processing) and in all types of power plants including nuclear (generation).

Demand for Aveva's products in on fire!
Demand in all these markets is on fire. Some statistics in a recent company presentation showed a requirement for 44 $1bn-plus oil platforms, 13 $1.5bn refineries, 27 LNG plants, which make huge use of AVEVA software, 11 world-scale chemical plants, a $20bn programme to develop oil tar sands in Canada, a need for 325 new power stations a year and massive forward building programmes for oil tankers, LNG carriers, naval ships and bulk carriers.

Particularly exciting for the group is the boom in the Far East where employee numbers have grown from 2 to 200 in the last few years. Far East buyers prefer buying licenses leading to higher upfront payments rather than renting hence the boost to first half profits. Overall though the group has a high proportion of recurring income lending visibility to earnings. Prospects look outstanding.

[penguin33] 05/10/2006 10:53

I have been holding avv for a while so happy with recent advances in share price The last couple of days seems that there seem to be a lot of automatic trades at 500p - do you think this reflects a new level of support at 500p?

[flyfisher] 27/9/2006 14:27

teather and greenwood have recently upgraded their current year profit forecast to 20.8m p/t and 20.9p eps