Aveva Share Discussion Threads

[hazardaguess] 02/12/2008 06:47

OK, it might be you look back & think about why you didn't fill your boots in December 2008 - LOL! you couldn't make it up!

[hazardaguess] 30/11/2008 10:47

IMO this is one of those shares that in years to come you'll look back & think why didn't I fill my boots in November 2008. My plan is to load up and be the one looking back thinking what shall I spend these massive profits on. Good luck all longs.

[johnrxx99] 29/11/2008 11:06

Welcome. I'm sure (hope) your timing is right. could be bumpy though

[ashotinthedark] 28/11/2008 09:50

Took first position here this morning @ 509 after watching these for a while.It looks a 'no brainer' down at these levels but I guess time will tell!

[johnrxx99] 27/11/2008 09:24

Panmure put price target of 809p (lol) and a buy rating. That will do me for the moment.

[johnrxx99] 19/11/2008 12:45

Ok, that's £5. Anyone for £4?

[johnrxx99] 17/11/2008 13:56

Totally agree raja. I'm 90% cash but adding here as it touches key areas - next a little over £5.

Most of it's earnings will be in US$ and while shipping may be slack it has plenty to fall back on. The expansion of the maintenace lifecycle area is well timed and so while profit may not grow in 2009, I don't see it falling either.

Some director buying would be a nice bonus but must admit they timed their sales in July very well.

No debt, loads of money in the bank and world leading software. I still expect to see 20%pa growth over the next 5 years.

[rajauk] 17/11/2008 13:35

I think this is brilliant little company. Don't hold at the moment as I am fully invested. But if these keep going down there might be a point when I say its time to sell some of the other stuff to buy these. The delauation of the pound should in my view have positive effect on it earnings as I guess most of what they sell is priced in dollars.
There are positives as well as negatives for it in these tough times. It's ship and oil business may suffer. But from what I see it should massively benefit from the huge shift towards nuclear we are seeing all around the world. Plus from the massive stimuluses the world governments are giving to their infrastructure spending.
If we take out cash at todays price ths world leader is being valued at #300 million which is just over 7x earnings for this year. Even if profits are reduced by half next year, this looks cheap as when te world strats growing again this will be one of the first to benefit.
Regards,
Raja

[johnrxx99] 12/11/2008 14:53

Got my order at 613p, amazing. On a 3 year view, fantastic!

[promethean] 12/11/2008 12:30

Agreed... I thought the results were excellent... and with £100m in cash it's getting seriously cheap.

There's some very good info on Aveva and the rest of the market at , which just launched a fortnight ago... pretty interesting for advfn users.

[goofball25] 11/11/2008 10:26

any thoughts on why its going down at the moment?

[johnrxx99] 11/11/2008 07:25

Glad I got back in on 6th at 732p. Interesting to see what today brings.

[johnrxx99] 11/11/2008 07:21

Results look pretty good to me:-


• Revenue increased by 32% to £74.8 million (2007 – £56.8 million)
• Recurring revenue up 43% to £40.9 million (2007 – £28.6 million)
• Investment in Research and Development up 26% to £12.9 million (2007 - £10.2 million)
• Adjusted profit before tax increased by 67% to £31 million (2007 – £18.6 million)*
• Profit before tax up 73% to £29.2 million (2007 – £16.9 million)
• Adjusted basic earnings per share up 66% to 33.11 pence (2007– 19.97 pence)
• Basic earnings per share up 74% to 30.50 pence (2007 – 17.50 pence)
• Interim dividend increased by 73% to 2.86 pence (2007 – 1.65 pence)

• Excellent cash flow with net cash at the period end of £101 million (2007 – £54.5 million)


As regards the future outlook,

"AVEVA is one of the leading providers of engineering IT solutions to many of the world's largest companies in the Plant, Power and Marine businesses. These solutions help our customers from early stage concept and design through to operation and maintenance. Whilst our products and the markets in the last few years have been focused on the early stages within the project lifecycle, more recent developments and opportunities relate to the management and maintenance of these high value assets throughout the production cycle. Our existing relationships and product offering position us well to benefit from this next stage.


We acknowledge that recent and rapid developments within the world economy have created less certainty about future demand and whilst there has been little impact on our current trading we continue to monitor the situation closely."

[johnrxx99] 09/11/2008 04:00

Have to admit trading this since getting out of everything last June/July - here at 27 June at £15.02.

There have been some good bounces with AVV and hoping for another but imo everything is going down so just a traders market, which I'm not used to but weathering the storm a little bit.

[hectorp] 08/11/2008 19:33

john... Investors Chron says sell yesterday. No position here myself.

[hitchinhoncho] 07/11/2008 17:45

I/C has it as a sell today because - exposed to cyclical decline in capital spending, shipping overcapacity may hit orders, falling oil price threatens spending on refineries and reliant on sales of new software licences. It's down 58% from August's high. I hold.

[spongman] 07/11/2008 14:59

Been trying to ride the waves; took out my small holding (reported in previous post at just over 8 quid on the 5/11/08. Am now back in at 729 looking for 800 or over again. Must admit hadn't seen yesterdays 'Sell' recomendation until just now - after I bought but have seen todays 'buy' as follows;

07-Nov-08 Aveva Group AVV Panmure Gordon Buy 736.50p 917.00p - Reiteration

Must admit IMHO, Investec have AVV tied far too much to the fortunes of the shipbuilding industry. Whilst the potential for fewer license revenues in that area should be considered, the very long lead times inherrent give AVV a great deal of time to future proof the business.

Also worthy of note; 'Vantage Marine' is a new product, If the Shipbuilding industry as a whole needs to cut costs it may be that the product finds a bigger market more easily than if there were no incentive for change.

All IMHO. DYOR

Regrds
$pong

[spongman] 29/10/2008 15:42

Hhhmmm! Does everybody know something I don't? Bought in recently at 740 and doubled up at 707 yesterday. The market is going mad to the upside and poor AVV dwindles down here. Think that tip at the weekend was a kiss of death.

Any opinions as to the charge back down from the spike to 900 greatfully received.

TIA
Regrds
$pong

[sharw] 26/10/2008 17:08

One crumb of comfort in this totally insane market:

[sharw] 30/9/2008 13:35

Panmure Gordon has today raised AVV from hold to buy, but it has a new target price of a miserable 1210p.

Let's hope we get a boost from the pre-close statement (Oct 4th last year).