CF..L Share Price (CF.)

to turn revenues into profit, also rudderless, as no CEO appointment until autumn. However costs addressed and back in profit. Gamble, but back in. All my opinion and good luck to anyone out there.

Update?

AMEC results revealed drop in margins "After a fall of 7% yesterday, AMEC has underperformed the FTSE100 by 18% since we downgraded in late September, mostly due to changes in AMEC's relative rating. We think some recovery is warranted in the near-term, and would be adding to positions at current levels, even if growth remains sub-par versus the peer group in the medium-term and constrains us from being more positive on AMEC," Cannacord concludes.

Canadian brokerage firm Canaccord Genuity is forecasting 'weak growth' for AMEC, the FTSE 100-listed engineering consultancy firm which published its full year results last Thursday. For that reason it downgraded its profit forecasts for 2013 by 4% and by 2.5% for 2014 following the company's results and presentation. James Evans, a broker at Canaccord Genuity, has also given AMEC shares a "hold" rating with a target price of 1,215p. Weak growth prospects expected for 2013Describing his view of AMEC's growth prospects for the year, he said: "AMEC's growth in 2013 is likely to be weak and we forecast just 3% [profit growth] on an underlying basis this year, with Mining and Oil sands material headwinds. Nevertheless, including fx [foreign exchange]/acquisitions, their forecasts point to 4.5% revenue growth, 7% EBITA [Earnings before interest, tax and appreciation] growth, with the effect of the buyback lifting EPS [earnings per share] growth to 11% year-on-year." As well, the brokerage firm expects AMEC to generate a return on equity of 25% this year, with cash conversion of approximately 90% and a dividend yield of 3.5%. In that same vein, Evans writes that "we forecast an EPS of 99p per share in 2014, but guidance of 'more than 100p per share before 2015' suggests that upgrades are likely, from mergers and acquisitions, buybacks or better organic growth than the market expects."

is, I sold last year! However 'a profit's a profit'...(said through gritted teeth).