Aveva Share Discussion Threads

[sos100] 12/9/2014 09:28

is this sell off a lttle overdone?

[abcd1234] 12/9/2014 07:25

off 22 % at open seemed excessive

[godwin2] 12/9/2014 07:19

This must be an excessive over-reaction and I am looking for the courage to buy some more. Cash looks good, after all.

[abcd1234] 12/9/2014 07:16

steep fall on results .. !!

[broadwood] 03/9/2014 07:44

Plenty of momentum around this so far this morning - can't see the reason yet.

[broadwood] 16/7/2014 05:53

Berenberg AVEVA Group PLC 16/07/2014
Reiterates
Buy Buy
0
2,500.00 2,500.00 2,035.00
0

2

[broadwood] 15/7/2014 07:22

'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

[broadwood] 14/7/2014 10:52

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.

[broadwood] 09/7/2014 15:43

Very interesting sharw.

[broadwood] 04/7/2014 07:14

Fun and games.

Soc Gen initiates with a BUY and TP of 2650p

[broadwood] 06/6/2014 10:31

Going well again. Upgrade?

[broadwood] 28/5/2014 07:18

Giving it back.

[broadwood] 27/5/2014 11:44

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 09:12

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 08:52

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 08:50

Wow - fantastic market reaction. Faith rewarded.

[sharw] 27/5/2014 07:55

Good results and even better market reaction. Presentation at 9 30:

www.media-server.com/m/p/ykaarmkc

[broadwood] 23/5/2014 15:54

Results Tuesday.

[broadwood] 12/5/2014 13:27

Two weeks to results. Continuing to recover.

[broadwood] 30/4/2014 09:12

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?