Aveva Share Discussion Threads

[broadwood] 23/4/2013 09:27

Gathering momentum. Big blip up a few minutes ago.

[broadwood] 23/4/2013 08:08

Investec AVEVA Group PLC 23/04/2013 Retains Buy Buy 0 2,450.00 2,450.00 2,063.00 0 2

Morgan Stanley AVEVA Group PLC 23/04/2013 Reiterates Overweight Overweight 0 2,400.00 2,400.00 2,063.00 0

[broadwood] 23/4/2013 08:04

Engineering data and IT group AVEVA Group said that it expects to hit revenue and profit forecasts for the full year after its second half saw good demand.

The firm said that it saw "continuing good demand" for its Engineering and Design Systems (EDS), helped mainly by the strength in Oil & Gas. Power has seen steady growth but the Marine markets remain depressed, as anticipated, AVEVA said.

During the period, the company launched its new plant-design software product, Everything3D (E3D) which is aimed at enabling engineering, procurement and construction contractors to break down barriers between design and construction, reducing overall project cost, schedule and risk.

The firm said that it has been well-received though did not give a financial contribution to results in the year to March 31st.

AVEVA also announced that its Enterprise Solutions division moved into profitability for the first time after strong revenue growth in the second half.

Chief Executive Richard Longdon said: "The strength of the group derives from its technology leadership and global platform. We are pleased with the outcome for the year, the strong performance in the second half of the financial year, and the successful launch of our major new product, E3D.

"In particular, the move into profitability in Enterprise Solutions is a major milestone for the group and a highlight of these results."

The firm said that there hasn't been any noticeable shift in the regional trends since the third quarter: Europe, the Middle East and Africa (EMEA) continued to perform strongly; the Americas saw continued weakness in Latin America due to EDS project delays in Brazil and the timing of rental renewals (as previously disclosed); Asia Pacific is said to have performed well with strong progress in China.


Analysts' views
Sanlam Securities released a research report on Tuesday morning saying that the in-line trading update prompted it to move its rating from 'sell' to 'hold'.

"The update is positive in that AVEVA has been able to withstand a slowdown in the Latin America region through resourcing constraints. This was previously an important engine of growth for the business, and we suspect the Chinese subsidiary must have performed very well in Q4 to compensate," said equity analyst Roger Phillips.

Meanwhile, Northland Capital Partners analyst David Johnson said that E3D was a "significant product launch" for the group and provides "considerable upgrade potential for the installed base".

The stock was up 2.18% at 2,108p in early trading on Tuesday

[broadwood] 23/4/2013 07:35

And an upgrade from an arch bear.

Sanlam Securities AVEVA Group PLC 23/04/2013 Upgrades Sell Hold 2 1,980.00 1,980.00 2,063.00 0 0

[broadwood] 23/4/2013 07:03

Bought some at the open - 2097p.

[sharw] 15/10/2012 15:04

Good reaction to today's trading statement. Now established above 2000p.

[sharw] 08/10/2012 17:48

After a couple of recent moves above 2000 intraday it has today closed above 2000 for the first time ever after a new intraday trade high of 2015.

Good!

[sharw] 27/9/2012 15:10

Online version of recent presentation now available. This is excellent in helping understand the company and where it is heading, although it is 1 hour 40 mins. -

[bones] 19/9/2012 16:55

AVEVA Group plc : AVEVA software implemented in major Petrobras refinery projects
09/18/2012 | 06:38am US/Eastern
18 September 2012

Chemtech adopts AVEVA PDMS and AVEVA Global for Rnest, Comperj, Premium I and II projects

Rio de Janeiro, Brazil: AVEVA today announced that its software has been implemented on four major Petrobras Oil & Gas projects in Brazil. Engineering firm Chemtech has adopted AVEVA PDMS and AVEVA Global for the development of refineries Complexo Petroquímico do Estado do Rio de Janeiro (Comperj) in Rio de Janeiro; Abreu and Lima (Rnest) in Pernambuco state, and the Premium I and II in the Maranhão and Ceará states.

On the Rnest project, AVEVA PDMS was applied during the front-end engineering and design (FEED) and detailing stages of the refinery. According to Érica Conceição, Projects Manager, Chemtech, 'The AVEVA applications increased the efficiency of producing documents from the piping, mechanical, structural, electrical and instrumentation design. The products were easy to customise and we could, for instance, generate electrical layout drawings with the required 2D symbology direct from the 3D model.'

AVEVA Global was a key application for this project. Added to PDMS it allowed the visualisation and sharing of 3D model designs in real time with other members of the project consortium, regardless of their physical location. AVEVA Global will help partners and clients work simultaneously on design models from sites located in São Paulo and Recife.

On the Comperj project, AVEVA PDMS was also applied at the FEED stage and became fundamental to validating the viability of the investment. According to Ms Conceição, 'AVEVA PDMS has been highly praised by our users. The interface is intuitive and easy to use, so we can train our teams more quickly for every project.'

Santiago Pena, Senior Vice President, Latin America, AVEVA added, 'Chemtech's implementation of AVEVA software for Petrobras' major capital projects is an impressive reference for AVEVA not only in Brazil, but Latin America and globally. AVEVA's products, such as AVEVA PDMS and AVEVA Global, enable an Integrated Engineering & Design approach, allowing flexible and effective 3D design and collaborative working across major projects.'

Ends
Media contact

Glauco Figueiredo
[e-mail]
Tel: [phone]
About Chemtech

Chemtech is Brazil's leading provider of optimisation solutions to the process industry; the company offers engineering services, control and automation and IT solutions. With more than two decades of market experience, the company has considerable expertise in the oil & gas sector. Chemtech is also present in sectors such as metals & mining, chemical & petrochemicals, pulp & paper, and others.

Copyright 2012 AVEVA Solutions Limited and its subsidiaries. All product names mentioned are the trademarks of their respective holders.

[bones] 17/9/2012 16:41

Hi shawr. Yes, I was watching for WINS to have their 1975p offer taken out on L2 and added more when it was. I'm hoping 2000 won't take too long to break.

[sharw] 17/9/2012 15:55

bones - welcome back - you are the first person, other than myself, to post here for just over a year.

An all-time closing high of 1984 today after a short time above 2000 this afternoon (highest trade 2004). Judging by the number of small AT trades it was the bots rather than humans that dominated the day.

[bones] 13/9/2012 16:20

Just a few recent wins by this superb company with a constant growth record and a chart to die for, looking like it wants to break out and get above £20 fairly soon.

[bones] 13/9/2012 16:19

AVEVA extends global reach of engineering information management solutions

[bones] 13/9/2012 16:14

WorleyParsons Extends Commitment to AVEVA Plant Portfolio

[bones] 13/9/2012 16:13

AVEVA NET selected by Organika-Sarzyna, one of Poland's largest chemical producers

[sharw] 18/7/2012 14:29

Trading at an all time high this afternoon.

[sharw] 18/6/2012 12:37

Comment in the Indie:

[sharw] 29/5/2012 12:58

Another good set of results yesterday. This is a FTSE250 company which has done really well over the years and I am quite baffled by how quiet this board is. I am beginning to believe someone who wrote that the quieter the board, the more the company will outperform.

[sharw] 07/11/2011 12:48

Midas tip:

[grigor] 19/8/2011 17:21

Big rise

Any news?

Reaction to Autonomy?

[sharw] 03/7/2011 12:46

Key to AVV this week will be the trading statement on Thursday.

[clive205] 03/7/2011 09:27

Some chart analysis: