Invensys Share Discussion Threads

[hobby2] 15/11/2009 21:11

......massive Rail order on the horizon......

[dp9115] 15/11/2009 19:14

sounds like a load of hot air...

[hobby2] 13/11/2009 14:27

...up up and away.....last day for the 1p payout!

[pharmadude] 13/11/2009 13:52

hobby, donkey, shall you explain please :)

[dp9115] 13/11/2009 13:45

up or down ?

[pharmadude] 12/11/2009 11:57

just waiting for the all clear from the general market to continue next leg.

[hobby2] 12/11/2009 10:45

.....jus treading water here......guess we could be hanging around the £3 mark for sometime......even the blogs here have dried up!

[hobby2] 07/11/2009 20:14

FT

Invensys, up 2.3 per cent at 296.7p, bounced back from Thursday's disappointing results after Merrill Lynch told clients to "buy" on weakness. "We retain our confidence in the business, given heavy restructuring and a strong inquiry backlog," it said

[hobby2] 06/11/2009 18:33

............volume up and fin £2.97..........now recovered most of post results weakness......and another first for Rail


November 6, 2009 | News

Invensys Rail, the new name for Westinghouse Rail Systems, has been awarded the contract for re-signalling the Siilinjärvi depot and main line railway in Finland. The contract, which represents the company's first signalling project in the country, was awarded by the Finnish Rail Administration Ratahallintokeskus (RHK) and was signed on 14th October 2009.

As signalling main contractor, the scope of Invensys Rail's contract covers the complete signalling design, installation, testing and commissioning. It includes seven centralised WESTRACE interlockings and a local traffic management system, which will control some 14 kilometres of main line railway and a depot area.

Invensys Rail's Project Manager, Vince Dade said: "Following the successful commissioning of our WESTeX level crossing predictor system in Praskintie last year, we are delighted to be working with RHK on this mainline signalling project.

"We are now in the mobilisation phase of the programme which we will be delivering with a number of local partners, including, Celer Oy and Sabik Oy".

[rudder] 06/11/2009 15:40

Bulls firmly in control.....3.00 plus at the close would be signifcant.

[frankito] 06/11/2009 15:12

Sell, Sell, Sell !

[donkeystone] 06/11/2009 09:09

Hi Gordo,

We over the billion yet?

As ever

£time waits for no one.

ttfn

[donkeystone] 06/11/2009 08:55

Rudder

I'm more of a cheerleader really

As ever

£4.40

ttfn ra ra ra

ps at 290 today, don't think a buyer would pull off a takeover at 320, but then hey what do I know, chin chin.

[gordo58] 06/11/2009 08:52

Invensys sits on net cash, now pays a dividend and, valued at £2.4bn, is a small - and therefore eminently digestible - constituent in a sector dominated by US and European giants. At 290p, or 14 times next year's earnings, the shares are a buy says the Times.

[rudder] 06/11/2009 08:17

Donkeystone...4.40 a tad optimistic. But Normura Analyst Lisa Randall retains her 320 price target...Tempus also rates ISYS a Buy.

[hobby2] 06/11/2009 08:16

FT

Invensys spots early signs of stabilisation
By Michael Kavanagh

Published: November 6 2009 02:00 | Last updated: November 6 2009 02:00

Invensys insisted it would beat last year's trading performance in spite of a fall in interim sales across its businesses.

The engineering group, created out of the merger of BTR and Siebe a decade ago, saw revenue fall 13 per cent at constant exchange rates as operating profits slipped 24 per cent.

However, the global supplier of parts for refrigerators, software systems to manufacturers and signalling equipment to rail operators, managed to hold interim profits steady at £88m as revenue fell just 2 per cent to £1.07bn when translated into sterling.

Ulf Henriksson, chief executive, said he saw "some early signs of stabilisation and possible modest recovery" although the picture remained mixed across its range of end customers.

Invensys, which in May recommended the payment of its first dividend since 2003 of 1.5p, said yesterday it would make an interim payment of 1p, from earnings per share of 9.6p (9.2p), after several years of painful restructuring.

Although orders were down 18 per cent at constant revenues, Mr Henriksson said rail contacts won since the end of September, including the re-signalling of São Paulo's three metro lines, had helped bolster its pipeline of work

[catom1999] 06/11/2009 07:48

Hobby,
Thanks again for keeping us up to date
The rude and critical earlier post was both unnecessary and unwarranted.

As a gentleman (lady?) you naturally chose to ignore it!!

C

[hobby2] 06/11/2009 07:42

..........for those thinking of buying some more sheds!

Invensys plc (the Company) announces that further to its Half Yearly Results released earlier today, the correct record date for the Interim Dividend is Friday 13th November 2009. The payment date remains as Friday 11 December 2009

[hobby2] 06/11/2009 07:24

....more ramping! :-)

Tempus: Invensys shows the appeal of railways despite jitters
Nick Hasell: Tempus

Two days after Warren Buffett's $34 billion bid for Burlington Northern underlined the long-term attractions of railways, Thursday's first-half results from Invensys made much the same point.

Once again, it was the rail division of the FTSE 100 automation and controls group - which develops and installs signalling equipment and other trackside technology - that was the stand-out performer. At £73 million, the division's operating profit for the six months to September 30 was 11 per cent ahead of consensus forecasts. The division's operating margins also continue to improve - to 21.8 per cent, up from 21.2 per cent a year ago. True, orders were down 13 per cent but that owed more to last year's boost from a contract for a high-speed line in Spain and a lull in procurement by Network Rail ahead of the next phase of track renewal.

Encouragingly, since the end of September, Invensys has made up that deficit - picking up its first big contract in Brazil (a £153 million deal to resignal three metro lines in São Paulo) and £41 million of upgrade work in America.

The broader reassurance is that spending on rail infrastructure - driven by worldwide moves to shift more freight by train, the construction of mass-transit systems in emerging markets and tightened safety standards - shows no signs of slowdown.

So why did Invensys's shares fall 10 per cent at their worst? The culprit was operations management, the company's biggest division, which makes and installs technology that helps processing plants - such as petrochemical facilities and power stations - to run at optimal efficiency. Orders dropped 23 per cent, sales fell 17 per cent and operating margins weakened from 9.6 per cent to 7 per cent. Spending cuts by oil and gas companies, especially in the US, are part of the explanation but the concern is that process equipment is the bit of Invensys in which the full effects of recession have yet to be felt. In short, it is a "late cycle" activity in which the long lead times behind big capital projects mean they have previously been protected from downturn.

For its part, Invensys remains sanguine. The company expects a stronger second-half trading period, such that it will still be able to meet full-year profit forecasts. Given Invensys's recent record in reading its markets correctly, it should be given the benefit of the doubt. The underlying appeal is a company with a huge installed base of process equipment. Elsewhere, its controls divison, which makes timers and displays for consumer appliances, should be quick to benefit from cyclical recovery.

Invensys sits on net cash, now pays a dividend and, valued at £2.4 billion, is a small - and therefore eminently digestible - constituent in a sector dominated by US and European giants. At 290p, or 14 times next year's earnings, the shares are a buy.

[donkeystone] 05/11/2009 22:24

what next? ........... Resurrection

As ever

£4.40

ttfn .... or should that be hello again !!

[rudder] 05/11/2009 21:22

WTF is going on lol......Total indecision. Longs get burnt shorts get burnt. What next??????

[hightech] 05/11/2009 15:38

Shorters will be killed at ====> 440
Watch

[bookbroker] 05/11/2009 13:10

Look at the companies own PR. you'll learn just as much if you so wish, I think scurrilous varmint is a better description.