Aveva Share Discussion Threads

[junior21] 25/5/2007 18:46

In a similar position as you Prankster, hold spreadbet from around 850. Also contemplated selling for same reason but I beleive the markets have a little further to go, and AVV has hopefully a lot further to go!

[hitchinhoncho] 25/5/2007 12:48

I'm up 330% and holding. Don't let Greenspan scare you. The Chinese growth story - with occasional hiccups - looks inexorable, short of another civil war. In the short term, Wall St./Broadway look like opening up.

[prankster2] 25/5/2007 11:16

I,ve decided to sell the lot for an average price of over 950p my purchase average was 834p so I make that a profit of just over 14%.

I've sold for the sole reason that I reckon the markets are due a correction.

Good luck to any holders but I'm trimming my portfolio.

[davincicode] 24/5/2007 12:38

Aveva was today's biggest riser after the group followed up yesterday's record full year results with news of a new contract win, while a broker upgrade also buoyed the computer aided design specialist.

The firm, which more than doubled annual profit to £24.7m from £11.2m a year earlier, said following a recent £1.3m contract win, "the third of the world's four super oil majors joins BP and Shell in adopting AVEVA's engineering portal solution (VNET)."

Meanwhile, Numis Securities has upgraded the shares to 'buy' from 'add', lifted its earnings per share forecasts and raised its price target to 1,141p from 1,071p.

[sharw] 24/5/2007 10:30

Sorry - I made the point badly. I certainly believe that AVV has superior products. I was using the example of inferior products to illustrate the importance of market share in gathering momentum in the software arena.

[johnrxx99] 24/5/2007 09:36

Totally agree WJC, this is a world leader and has got there by developing products working closly with their clients/users and being world class at it.

Let us not forget this is one of only two companies UK companies that are ranked as world class in the high tech arena.

The results have woken the institutions again and share price doing well today against the market. IMO it will continue but dyor etc.

[wjccghcc] 23/5/2007 23:44

Well I've held since the 1997 and bought back yesterday the ones I'd sold at 950p.

Disagree with you sharw regarding AVV being the VHS or Microsoft Word vs better technical products. The fact is that AVV saw the future evolution of their clients' needs and took steps to move to complete design solutions rather than just the older CAD stuff they did. Consequently they've been taking clients from Intergraph (who rested on their laurels with their #1 mkt position) and must now be market leader outside the US. They're now doing the same thing with VNet as far as plant lifecycle management.

[broadwood] 23/5/2007 17:00

sharw - good post.

I see Bridgewell have moved from a buy to a hold - but I've no doubt others will be upgrading. As you say they seem to be cornering the market.

[sharw] 23/5/2007 16:42

I think yesterday was a number of people sitting on a very good profit seeing results in line with expectations and deciding it was all in the price and therefore time to move on. Today we have the start of brokers upgrades coming through plus the very significant contract announcement.

Why it is so significant is its boosting of market share. In retail this can be counter-productive (I'm not going to Tesco any more they're too big - I'm going to ASDA/Morrison's instead) but in the software market, share is absolutely everything. Look at Microsoft Word. I'm told by the experts that WordPerfect is much superior but because MS has had it bundled onto so many computers it has taken market share. This has a runaway effect - employer X changes from less popular software to more popular software simply because it avoids the cost of retraining staff from elsewhere. A bit like VHS and Betamax. I remember choosing VHS around 20 years ago not because it was a better system but because there was a greater variety of films you could hire on that format! In the same way AVV products are now becoming "industry standard".

All IMHO of course.

[broadwood] 23/5/2007 16:21

Blimey - all the more puzzling why it went down yesterday.

[broadwood] 23/5/2007 12:02

Better make that 6%!

[broadwood] 23/5/2007 11:56

All good stuff - up nearly 5% now.

[davincicode] 23/5/2007 11:01

AVEVA ANNOUNCES VNET ENGINEERING PORTAL WINS FURTHER CONTRACT

[sharw] 23/5/2007 10:37

Seymour Pierce has upped target from 1000 to 1100. This morning's announcement of a contract win should add to upward revision of forecasts.

[prankster2] 23/5/2007 09:20

Yep today's move is a more accurate reflection to what the company is doing.

If markets stay buoyant, I can see them hitting £10 in the short term, as my price target is £10.70p

[broadwood] 23/5/2007 08:12

Price rise strength so far today which seems more like the true reaction to the results.

I imagine Broker upgrades and Press tips are responsible.

[junior21] 23/5/2007 08:12

In the interest of livening this thread up, any short term price targets?

[johnrxx99] 22/5/2007 09:02

good opportunity though, imo.

[prankster2] 22/5/2007 08:53

Seems to be an over reaction from the market.

[johnrxx99] 22/5/2007 08:02

Spot on - another record year zzzzzz

[junior21] 22/5/2007 07:39

They look good to me. Let's see how the market will react.

[broadwood] 22/5/2007 07:39

They look pretty good to me and C.E. sounds confident enough.