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Share Name Share Symbol Market Type Share ISIN Share Description
Aveva Group Plc LSE:AVV London Ordinary Share GB00BBG9VN75 ORD 3 5/9P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -32.00 -0.83% 3,809.00 3,804.00 3,807.00 3,836.00 3,727.00 3,828.00 428,402 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 833.8 92.0 43.4 87.9 11,471

Aveva Share Discussion Threads

Showing 701 to 724 of 975 messages
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DateSubjectAuthorDiscuss
27/5/2014
12:44
Numis Securities has reiterated its 'buy' recommendation for AVEVA after the software group's well-received annual results on Tuesday, saying the shares are significantly undervalued. "AVEVA is a top quality business and we are comfortable that it is right to use any pull-backs as an opportunity to build positions," Numis said in a research report. The Cambridge-based supplier of engineering data and design IT systems, said pre-tax profit rose 9% to £69.0m for the year ended March 31st 2014. Adjusted pre-tax profit climbed 11% to £78.3m, ahead of the £75.9m expected by Numis. Revenue at the group, whose software is used to design power plants, shipping and energy facilities, rose 8% to a record £237.3m, more or less in line with the broker's £236.9m estimate. Numis said that an outperformance on the cost level helped profits beat forecasts, though currency headwinds are a concern going forward. "We think the most notable element of these results is that AVEVA is outperforming its largest competitor (which we think grew 6-7% in the six months to March 14 versus AVEVA's 11%) and also holding its growth rate in a market widely expected to be more challenging," the broker said. "In particular, the breadth of AVEVA's geographic and customer relationships looks to insulate it from work shifting between different providers." Numis kept a 2,840p target price on the stock, which was trading 11.8% higher at 2,416p by 10:48 on Tuesday. BC
broadwood
27/5/2014
10:12
Full-year profit rises 11 per cent - Strong growth at Engineering and Design Systems unit - Confident in future trading Software maker Aveva revealed an 11 per cent increase in full-year profit underpinned by strong demand at its Engineering and Design Systems unit and improved margins. The Cambridge-based supplier of engineering data and design IT systems, said pre-tax profit rose 9% to £69.0m for the year ended March 31st 2014. Adjusted pre-tax profit climbed 11% to £78.3m. Revenue at the group, whose software is used to design power plants, shipping and energy facilities, rose 8% to a record £237.3m. Adjusted profit margin rose to 33.0% from 32.1% a year earlier. Aveva, whose customers include KBR, Jacobs Engineering, Foster Wheeler, Worley Parsons, Siemens Energy and Shell, said basic earnings per share increased 17% to 78.12p. "It has been a year in which we have seen mixed economic situations in many of the regions in which we operate around the world. However, the broad spread of our business has enabled us to deliver good growth," the group said. Commenting on the outlook, Chief Executive Richard Longdon said: "The broad international spread of our business, combined with robust underlying market drivers, has once again proved effective in enabling us to deliver strong underlying growth and an improvement in profit margin, despite varied economic conditions." "It has been a year of significant progress on a number of fronts [...] With strong long term market drivers and a broadening product footprint we are confident in our ability to deliver further progress against our growth plans in the future," Aveva added. The board is recommending a final dividend of 22p, an increase of 13% over the prior year.
broadwood
27/5/2014
09:52
Commenting on the outlook, Chief Executive Richard Longdon said: "The broad international spread of our business, combined with robust underlying market drivers, has once again proved effective in enabling us to deliver strong underlying growth and an improvement in profit margin, despite varied economic conditions across some of the regions in which we operate, and different rates of expansion across our chosen markets. This reflects AVEVA's strong competitive position, and the value that our Engineering and Design and Information Management solutions deliver to our customers. We are confident we can achieve our targets for further growth
broadwood
27/5/2014
09:50
Wow - fantastic market reaction. Faith rewarded.
broadwood
27/5/2014
08:55
Good results and even better market reaction. Presentation at 9 30: www.media-server.com/m/p/ykaarmkc
sharw
23/5/2014
16:54
Results Tuesday.
broadwood
12/5/2014
14:27
Two weeks to results. Continuing to recover.
broadwood
30/4/2014
10:12
Flying again today - after recent underperformance.
broadwood
21/1/2014
15:42
27 Jan Ims.
broadwood
10/1/2014
16:30
Ameriprise Financial adding.
broadwood
10/1/2014
14:51
Another broker rec?
broadwood
10/1/2014
09:27
Couldn't quite see why it fell so much - Co was very positive. Hopefully, we've bottomed.
broadwood
08/1/2014
17:10
Engineering software firm AVEVA saw its share price jump on Wednesday after an upgrade from 'neutral' to 'buy' by UBS, which said that the stock now looks "attractive" after a period of underperformance. AVEVA, which operates in the plant and marine industries, saw its share price sink sharply in November 2013 after it said first-half growth in the Enterprise Solutions business had been slower than expected due to issues with two clients. To make matters worse, there were a number of profit warnings across the oil services sector which dampened sentiment. Nevertheless, UBS said it was "impressed with the performance in the core Engineering & Design business in H1 14, which delivered over 10% like-for-like growth, despite a continued weak performance in Brazil. "We are not betting on a major recovery in Brazil and there is no doubt that the capex outlook in the Oil & Gas sector is more challenging now, but the proportion of spend that goes on software in the industry is still low, project lifecycles are long and AVEVA's own E3D product cycle looks promising." The bank said its valuation has long been its major reservation in relation to AVEVA, but the stock looks like better value now. What's more, the company is also on the bank's "M&A WatchList". UBS said: "Aveva's high recurring sales bias means a 2015E valuation multiple warranted. We acknowledge a slightly higher risk to growth in Oil & Gas, although Marine could also potentially start to improve over the next 12-18 months conversely. Our price target is now 2,550p, up from 2,300p previously [...] but now based on 2015 rather than 2014 estimates." AVEVA was trading 6.31% higher at 2,258p by the close of trade.
broadwood
08/1/2014
15:38
i sold out yesterday, thats why its risen.... Was expecting this pop, but felt it should've happened by yesterday.. Damn. Looks good for a further move now too.
butchcasio
08/1/2014
12:10
Posted on wrong thread. Must be a Broker rec. Not before time. broadwood 8 Jan'14 - 09:14 - 4 of 5 0 0 edit A day in the sun. Not been many lately. broadwood 8 Jan'14 - 11:37 - 5 of 5 0 0 edit 10.25 Back in the stock market, an upgrade to "buy" at UBS has lifted engineering software group Aveva 6.7pc, the biggest riser in the FTSE 250 index. Analysts at the broker said: Quote Aveva's shares struggled in Q4 13, underperforming as disappointment around the collapse of an anticipated enterprise deal in Enterprise Solutions weighed and then as profit warnings across a range of oil services companies rippled out. We were nonetheless impressed with the performance in the core Engineering & Design business in H1 14, which delivered over 10pc like for like growth, despite a continued weak performance in Brazil.
broadwood
08/1/2014
12:04
Four weeks later and you have your rise - up 10% this morning. I can't remember this one moving so much on no news. Perhaps it is a delayed reaction to UBS selecting it as one of its bid tips for 2014. See www.pstransactions.co.uk/pensionswire/Lists/Posts/Post.aspx?ID=216
sharw
08/1/2014
11:37
10.25 Back in the stock market, an upgrade to "buy" at UBS has lifted engineering software group Aveva 6.7pc, the biggest riser in the FTSE 250 index. Analysts at the broker said: Quote Aveva's shares struggled in Q4 13, underperforming as disappointment around the collapse of an anticipated enterprise deal in Enterprise Solutions weighed and then as profit warnings across a range of oil services companies rippled out. We were nonetheless impressed with the performance in the core Engineering & Design business in H1 14, which delivered over 10pc like for like growth, despite a continued weak performance in Brazil.
broadwood
08/1/2014
09:14
A day in the sun. Not been many lately.
broadwood
08/1/2014
08:47
Must be a Broker rec. Not before time.
broadwood
01/1/2014
08:27
yes the long term will say it all, one worth a punt at these levels ,before the retracement kicks in
vision88
11/12/2013
17:57
Must be due a rise soon?
geoff21
02/12/2013
07:21
Reiterates Buy Buy 0 60.00 60.00 33.38 0 2 Numis AVEVA Group PLC 02/12/2013 Upgrades Add Buy 1 2,980.00 2,980.00 2,233.00 0 2
broadwood
18/11/2013
10:08
Broadwood, as I mentioned pre-market, the statement had a couple of weak spots in it and the dreaded "broadly in line with board expectations" which means "may fall short" in my book. I am not surprised by the drop given the rating that AVV commands right now.
bones
18/11/2013
09:56
smythy4 obviously believes we are as stupid as him if, he honestly thinks most investors would swap shares in companies like Aveva for FML. Filtered here and on about 30 other BB's. Prat.
tday
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