Invensys Share Discussion Threads

[hobby2] 15/6/2010 08:29

Invensys Operations Management Wins Second Long-Term Contract With China Nuclear Power Engineering Co.

June 14, 2010 8:00 PM EDT

SINGAPORE -- (MARKET WIRE) -- 06/14/10 -- Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the manufacturing and infrastructure operations industries, has signed a second long-term agreement with China Nuclear Power Engineering Co. (CNPE) to provide safety and distributed control systems and solutions for two 650MW pressurized water reactor units under construction on Hainan Island on the southern tip of China.

Ulf Henriksson, chief executive officer, Invensys plc, commented, "We look forward to continuing our work with CNPE. This contract renews and strengthens our commitment to helping grow and develop reliable and efficient nuclear power capability for China in the safest way possible."

Under the terms of the contract, Invensys will provide its Triconex� critical control and Foxboro� I/A Series� distributed control systems (DCS), helping the Changjiang Nuclear Power Plant achieve safety and control excellence.

"We are pleased to continue our long-term strategic partnership with CNPE, further helping them to increase China's capacity for power generation," said Sudipta Bhattacharya, president and chief executive officer, Invensys Operations Management. "Our systems will serve as a digital platform to drive safety and control excellence in these units."

By providing a diverse, scalable distributed control and safety solution, including advanced digital control room design, safety display units, priority logic modules and defense-in-depth systems built on the Triconex and I/A Series systems, Invensys addressed CNPE's safety and availability requirements.

"We expect a successful DCS project with the close cooperation of CNPE and Invensys," a spokesman for the Hainan Nuclear Power Company said, adding that with work continuing at Units 1 and 2 of the Fuqing and Fangjiashan nuclear power plants in Fujian and Zhejiang, "the contract for the Changjiang Nuclear Power Plant in Hainan represents a further significant step towards long-term cooperation between CNPE and Invensys."

This is the second contract awarded to Invensys by CNPE, following an agreement the companies reached in 2008 for the development and implementation of four large-scale safety and non-safety distributed control systems, including fully digitized main control rooms, equipped with Invensys safety and control system technology, for two new nuclear power plants under construction in the Fujian and Zhejiang provinces

[donkeystone] 14/6/2010 11:44

Well they failed in their attempt on AIG/AIA so maybe this is a massive change of tack and they're now after us, haha

As ever

£4.40

ttfn

[hobby2] 14/6/2010 07:20

.....Prudential back over 10% holding

[dp9115] 10/6/2010 10:20

been on board for too long...waiting to get some cash back then dump this no hoper forever

[hobby2] 09/6/2010 19:46

...........suggest u two turkeys get onboard........this will be your last chance!!!!

[dp9115] 09/6/2010 12:32

and don't we know it .... yawnnnnnnnnnn.... zzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[stevi111] 09/6/2010 12:23

Yawnnnnnnnn Hobby.

Anything for a quick pump and dump eh ? lol

I cant believe these are still going let alone me thinking I might just buy a few !

Wonder what % of ISYS revenues is from North America nowadays ?

This thread must be one of the longest (active) threads on ADVFN !

[hobby2] 08/6/2010 07:47

.......ISYS cash pile will now make a serious dent in the pension deficit and with Controls returning from the dead..... all is set here for the long awaited takeover.....long time waiting but the stage is set

[dp9115] 04/6/2010 09:01

I rest my case.

[hobby2] 04/6/2010 08:26

...u lot jus not reading the detail!!

Invensys plc notifies that 20,572,858 ordinary shares of 10p each ("Shares") were released to Milldred, a tea lady of the Company, on 25 May 2010,
following vesting (on 24 May 2010) of an award granted under the Invensys 2007
TLO Special Award arrangement for tea ladies (the "TL Special Award") on 9 August 2007.

The award was granted over a maximum of 201,608,554 Shares representing 20,700% of Mrs Mildred's 2007/08 base salary (GBP 8,689.78p exc tips).

The performance test for the TL Special Award measured performance over the
three-year period to 31 March 2010. For each layer of the Special Award, 1%
would vest based on Total Shareholder Return (TSR) performance relative to the
constituents of the Standard and Poor's Global 1200 Capital tea trolley Goods Index and 99% based on delivering 300,000 cups of tea per week!

[dp9115] 03/6/2010 13:37

should've taken the £115k

[donkeystone] 03/6/2010 10:50

Breaking news

Extra tea lady taken on due to unprecedented demand ........ for tea

As ever

£4.40 (with the occasional special offer)

ttfn

[badwood] 03/6/2010 09:36

I am still in and showing a profit of 50K+ (down from 115k a few weeks ago) but I am still holding. Now more intereded in dividend than share price as I have been holding for 8 years and intend to hold for many years to come unless something drastic happens like the sacking of the tea lady or donkey lowering his target price of 440p

[dp9115] 02/6/2010 09:01

... and racking up the profit eh ?

[jak1] 01/6/2010 08:44

and me !!!

[shazzieb] 01/6/2010 08:43

Still here and still in!!

[dp9115] 31/5/2010 07:45

just the 2 of you I reckon. Guess everyone's tired of this company.

[donkeystone] 27/5/2010 17:40

hobby

still here

not worried

as ever

£4.40

ttfn

[hobby2] 26/5/2010 12:11

....still see Harry Philips has buy rating and £4++ target price!....we may see a change to the normal collapse this year with consolidation around the £3 area before a real attack on £4 again!....alot of positives hear never mind the potential takeover from Siemens, GE etc

[hobby2] 25/5/2010 09:51

........well the press have been very impressed, good articles in all the broad sheets..........however the current financial turmoil is starting to take its toll here!......

[hobby2] 25/5/2010 09:45

Problem solved: Invensys proves that two into one will go
Robert Lea

It was supposed to be a company for the 21st century. Two old stalwarts of the West Midlands engineering industry - BTR and Siebe - were bashed together to form an "industrial solutions" business. Its exposure to hardware and software applications and a fancy new name - Invensys - saw it bracketed in the telecoms-media-technology boom. Its shares soared.

But when the end of the dot-com boom came, its shares were slaughtered, despite being still a formidably large business, albeit one that was aiming to make its money out of engineering services. Indeed, it almost buckled under more than £3 billion of acquisition-fuelled debt before Rick Haythornthwaite was given the job of re-engineering the finances.

Mr Haythornthwaite eventually handed over to Ulf Henriksson, who has been running the company for the past five years. The Swede steered the group back into the FTSE 100 two summers ago, just as the global economy was moving into a firestorm, but after two years of treading water, Invensys is calling the end of its recession.

Profits for the year to the end of March nudged £4 million higher to £248 million and the City is pushing that figure 10 per cent higher for the current year to £272 million in its forecasts.

The recovery for Invensys has been twofold. Mr Henriksson did not need to rip up the MBA manual to seek emerging markets, but Invensys is set to reap dividends from the likes of China and Brazil, which are buying the services and the hardware and software that control big power stations or signalling networks for the railways.

"Our performance comes from a combination of preparedness for the recession and agility in responding to it," Mr Henriksson said.

[hobby2] 25/5/2010 09:35

Investment Column: here's still value to be had from Invensys
Edited by James Moore

Tuesday, 25 May 2010

Invensys is not the company many remember from five years ago when the sprawling conglomerate beset by debts, profit warnings and job losses embarked on a huge restructuring programme. Now a lot leaner and fitter, it can look to the future with some confidence. Full-year numbers yesterday showed that operating profits rose 2 per cent to £248m, despite a slight decline in revenues at £2.2bn.

The business is split into three main divisions. At operations management – an IT and consultancy service to help industrial operations from oil refineries to manufacturing sites improve safety and efficiency – revenues fell 9 per cent to £1bn, and operating profit tumbled 23 per cent to £92m as clients reduced spending during the recession. But prospects look better this year thanks to a contract for two further nuclear reactors in China and signs of recovery elsewhere.

Revenues at the rail division, which offers technology to control signalling and communications, rose 10 per cent as the market remained strong, with activity picking up in the UK in the second half. With hopes of a major re- signalling contract at four London Underground lines, there is optimism.

Invensys Controls' revenues fell slightly as the appliance market declined. But restructuring saw profitability more than double.

Chief executive Ulf Henriksson, who has masterminded the group's rise from the ashes, said the performance during the downturn had given him confidence. The group's order book grew from £2bn to £2.3bn, and the company has been especially focusing on emerging markets, which account for 40 per cent of orders.

Debts have been slashed and Invensys has £363m in cash on the balance sheet. Broker Charles Stanley thinks that on price of 13 times this year's forecast earnings, the stock is fully valued. But we think there could still be value to be found as the economy recovers. Buy

[dp9115] 24/5/2010 18:24

we've have been... for more years than I care to remember.

I could be considered slightly dillusional to keep repeatedly forecasting £4+