Instem Share Discussion Threads

[brenso] 21/1/2007 22:32

INS have several hundred experts
and what else

sold half my holdings at 64p

just my view

Brenso

[Abuse team] 21/1/2007 03:35

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[ruby2] 20/1/2007 12:07

I agree ive had these shares from the RTS days and the current price is far below true value.

[Abuse team] 20/1/2007 00:13

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[Abuse team] 20/1/2007 00:12

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[Abuse team] 19/1/2007 15:27

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[ptolemy] 19/1/2007 15:03

I think the markets trying to tell you something.

The PE is about 20 and the balance sheet is pretty bare following demerger. These are fully priced and any premium is a bonus.

I expect the price to drift downwards if they don't vigorous repel the suitor..

[Abuse team] 19/1/2007 11:48

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[jswjsw] 19/1/2007 10:36

At 60.5p the price-to-book is less than 1. In a buyout it would have to be around 2.5, giving 159p. You get more or less the same if you go from Nav per sh.
Some miserable offer less than £1 just won't do - not for this.

[786abdul] 19/1/2007 06:56

Morning all,

chester - I have been watching this stock for a while now. I saw the Daily Mail rumour in this morning, but then waited for the market reaction. I bought after the news when it had a slight pull back.

Chart looks very interesting, so as the fundamentals of the company. Could be interesting!

Are you in on this too?

Regards

[chester] 19/1/2007 06:16

Abdul - Did you get on board before the announcement or after ? !!

[jswjsw] 19/1/2007 00:54

I agree. At 60.5p the price-to-book is less than 1. It would have to be around 2.5, giving a buyout at 159p. You get more or less the same if you go from Nav per sh.
Some miserable offer less than £1 just won't do - not for this.

[robson1974] 18/1/2007 23:50

The Nuclear Decommissioning Authority recently
estimated the cost of clean up and decommissioning in the UK, for 20 nuclear
sites within the portfolio, at #63 billion. There is also potential in the
medium to longer term, for INS in nuclear defence and to support any new
investment in nuclear power generation.

Unless someone is going to pay 90m (144p ish) it doesn't seem worth selling out now and missing out on the billions which will be spent in this industry over the coming years.

[robson1974] 18/1/2007 23:46

Would it not be an awful shame to lose out on a fantastic play on the nuclear future at this very early point in the cycle? The government is due to come out with its future energy policy document soon and that will likely start a 5-10 year process of designing and building new facilities and accelerated clean up of existing ones. Seems far to early to be selling out.

Could anyone name potential acquirers? BNF ? AMEC ? Carillion? Redhall ?

[Abuse team] 18/1/2007 22:55

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[786abdul] 18/1/2007 17:05

Finally I'm on board!! Good luck all

regards

[panagos] 18/1/2007 16:09

respect!....good call sheen.

[sheeneqa] 18/1/2007 16:05

International Nuclear Solutions confirms received preliminary approach for co


LONDON (AFX) - International Nuclear Solutions PLC confirmed press
speculation that it has received a preliminary approach for the company.
The nuclear engineering company said the board is considering the matter,
which is at a very early stage, and said there can be no guarantee an offer will
be made for the company.
[e-mail]

[gerrymonty] 18/1/2007 15:29

Confirmation of takeover approach

[sheeneqa] 18/1/2007 12:53

Thanks for that hh.........I have plenty, little bit greedy and thought I would have a few more......Surprise surprise none about!

[Abuse team] 18/1/2007 11:49

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[sheeneqa] 18/1/2007 09:58

Up we go again.....Almost a doubler in a matter of months..

[sheeneqa] 15/1/2007 16:24

.Must be plentygoing on behind the scenes to warrant the rise in SP?

[sheeneqa] 15/1/2007 16:16

INTRODUCTION

International Nuclear Solutions (INS) demerged from AIM listed Robotic Technology Systems (RTS) and listed on AIM in May 2006. The demerger was effected by INS acquiring from RTS Innovation Ltd from RTS and shares in INS being distributed in specie to RTS shareholders, without any funds being raised. On the first day of dealing (31st May 2006), the shares traded at a mid-market price of 36.5p, valuing the company at £22.8 million.

INS is one of the largest providers of nuclear engineering and design services in the UK, with nearly 25 years of experience of working in the nuclear industry. It offers services and solutions spanning front-end definition, detailed design, procurement, build, testing and integration, site installation, start-up and operation. In addition, INS provides support for plant asset care and maintenance of redundant facilities. The company also supports the commercial operating facilities associated with fuel fabrication and spent fuel reprocessing activities at Sellafield. The ability to provide this comprehensive offering brings a number of advantages, including providing a 'one stop' shop for customers (which include British Nuclear Fuels (BNFL)) and having different projects at differing phases of their life-cycles, thus assisting the forward visibility of the workload. The company is currently focused on the clean-up and decommissioning of the nuclear legacy facilities which fall under the auspices of the Nuclear Decommissioning Authority (NDA).

NDA was established in April 2005, as a non-departmental public body, responsible for the decommissioning and clean-up of the nuclear legacy sites. Under these arrangements, BNFL has responsibility for the management and operations of 75 per cent. of the nuclear sites transferred to the NDA for decommissioning and clean-up. The remaining liabilities are located on former UKAEA sites and the UKAEA have responsibilities to the NDA, similar to BNFL, for the management and operations of those sites. The NDA's work programme is expected to last a number of decades, with an estimated value of over £63 billion. The NDA has a budget of £2.1 billion as identified in the NDA Annual Plan for 2006/2007 which is anticipated to remain at this level over the next two years. The budget is to cover decommissioning and clean-up activities, and the continuing operation of commercial activities. Approximately £1.1 billion of this budget is assigned to Sellafield, one of the primary sites which the company is involved with, of which approximately 25 per cent. is expected to be used to finance decommissioning and clean-up.

UPDATES

In June 2006, INS was awarded a 3 year Framework Agreement from British Nuclear Group for design/engineering work on the Mixed Oxide Fuel ('MOX') facility at Sellafield - the contract is expected to be worth £8 million.

In July, Carillion plc awarded a contract for the supply, integration and site support of process plant and equipment for the Sellafield Product and Residue Store project, the largest new build project on the Sellafield site. The contract is worth over £15 million, including advance orders of £3 million, and is due to be completed in Q3 2008 - the contract contains options which may increase its value to over £18 million. INS has been involved in the early stages of design and development of this project for over 3 years.

The interim results to June 2006 showed sales of £12.6 million (2005: £14.1 million), pre-tax profit of £192,000 (2005: £1.1 million) and adjusted EPS of 1.39p (2005: 1.56p) - the results include an exceptional charge (costs of demerger and IPO) of £836,000 (2005: £nil). The company reported that the period end order book was £11.4 million (2005: £6.7 million) - subsequent order intake in July and August totalled £15 million; due to the increase in activity in the nuclear industry, staffing levels were increased by 11% - this is against a background of buoyant demand for engineers and technicians not only in the nuclear sector but also in the process, oil and gas and infrastructure sectors - the increase in staff numbers has necessitated opening a new project office near to the main customer's office.
thanks to