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
  18.00 0.47% 3,827.00 3,830.00 3,835.00 3,843.00 3,815.00 3,816.00 1,658 08:11:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 833.8 92.0 43.4 88.3 11,525

Aveva Share Discussion Threads

Showing 726 to 749 of 975 messages
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Resilient update. Engineering software group Aveva has delivered a short, albeit positive, pre-close trading update which said annual results should meet analysts' forecasts. The company, which works in the oil & gas, mining, power, chemical, paper and marine industries, said that figures for the financial year ended 31 March "are anticipated to be in line with market expectations. "The board believes that this result, which has been achieved in mixed market conditions, positively reflects the resilience of the underlying business model," the group said in a statement on Monday. Aveva, which is due to announce its results on 19 May, is expected to report a pre-tax profit of £60.2m on revenues of £207.9m, down from £69.0m and £237.3m the year before respectively. The company had said back in January that it was experiencing "increased uncertainty and reduced visibility" in the oil and gas market, which drives around 45% of group revenues
Technical analyst Nicola Duke charts Aveva #AVV on today’s ADVFN podcast. To listen click here>
Aveva is mentioned in today's (06/01/15) ADVFN podcast. To listen to the podcast click here> In today's podcast: - Alan Green CEO of chats about Nanoco and Game Digital. Alan on Twitter is @TradersOwn - And the micro and macro news including: Nanoco #NANO Tesco #TSCO TERN #TERN Game Digital #GMD Ultrasis #ULT Rolls-Royce #RR. LondonMetric #LMT Hunting #HTG Meggitt #MGGT BP #BP. Royal Dutch Shell #RDSB Galliford Try #GFRD Senior #SNR Bunzl #BNZL Morrisons #MRW Sainbury’s #SBRY LGO energy #LGO AVEVA #AVV Indivior #INDV Northgate #NTG Cineworld Group #CINE Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin
£14M of revenue gone from the period due to currency and timing. Currency washes out over the medium term (indeed it's already nearer 1.60 than 1.70 now). They go up and down. And timing, well - it's timing: "the timing of renewals will result in more revenue falling into the second half of the current financial year compared to previous years". So it looks like this currency soiled revenue will get booked somewhere along the line and make it into the annual report. Let's try inverting the situation - take this IMS: "Revenue is expected to benefit by £14M though weakened currency and the bringing forward of some revenues. Second half revenues will be lower than usual due to these accelerated bookings". Result? Gain in market cap of £300M. That would seem a little overdone to me.
18:11 Quite a bit of coverage here.
In at 1665 earlier, will get my people on it before taking a bigger position.
Agreed NY Boy. A savage mauling followed by a bit of press bid speculation over the weekend should give us a bit of a lift on Monday. In too early here at 1700p
Bought a few for the pension fund 1660p, like the take over rumours now this has had a nice fall of 20%+
ny boy
My bird Sheila told me to wait till £5.19..i'm gonna listen to her Hope this helps
is this sell off a lttle overdone?
off 22 % at open seemed excessive
This must be an excessive over-reaction and I am looking for the courage to buy some more. Cash looks good, after all.
steep fall on results .. !!
Plenty of momentum around this so far this morning - can't see the reason yet.
Berenberg AVEVA Group PLC 16/07/2014 Reiterates Buy Buy 0 2,500.00 2,500.00 2,035.00 0 2
'Hold' shares of engineering software group AVEVA for the long term, recommended the Tempus column in The Times on Tuesday. While AVEVA is seen by analysts as a "world-class British company with a leading position in its core business", the market has fallen out of love with the stock, according to paper. The Times explained that earnings are "lumpy and unpredictable", while problems in its smaller enterprise solutions division have dampened sentiment. However, recent deals and contract renewals should lead to a stronger second half from the company after a relatively soft first quarter. Nevertheless, a strengthening sterling is one thing to watch out for given that the company generates 95% of revenues from exports. Tempus said that the stock now trades on a "more subdued rating" at 22 times earnings, having previously sold on a multiple of nearly 30 times. "This begins to look cheap, given the strength of Aveva's position with the big engineers, but it may take the market a while to appreciate this," the paper said
Investec has repeated its 'buy' recommendation for engineering data and design IT systems group AVEVA, playing down concerns after the company said that full-year results will be weighted more towards the second half. AVEVA said that the strengthening of sterling against a number of currencies in territories in which AVEVA operates, which began in the second half of the previous financial year, has continued to have an "adverse impact". Meanwhile, the effect of timing and phasing of rental contracts, which tends to result in the majority of rental renewals occurring in the second half, will be "somewhat more pronounced" this year with revenues geared more towards the second half than in previous years. Investec said: "There has been no material change in the demand backdrop since the [annual results in March], where growth in the core business was strong. "This should give some comfort, but the second half-weighting comment due to deal timing could act as a modest dampener. However, this is due to deals that are becoming larger as customers are consuming more, which is a positive." The broker said it was keeping a positive stance on the stock based on AVEVA's exposure to its growth demand trends, which include offshore oil and gas, shale and large global engineering production and construction companies. A 2,800p target price has been retained for the shares. The stock was up 0.7% at 2,076p by 11:12, erasing an earlier fall.
Very interesting sharw.
Fun and games. Soc Gen initiates with a BUY and TP of 2650p
Going well again. Upgrade?
Giving it back.
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
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.
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