Finally we have broken through the £4 resistance, well only just, but good to see IMO Thanks Poppydog for posting the Extract. GLA
.......... Extracted from results Dividend and dividend policy The Board has recommended a final dividend of 2.85 pence per share, amounting to £23 million, which brings the total dividends payable in respect of the year ended 31 March 2013 to 4.6 pence per share (2012: 4.4 pence per share), an increase of 5%. The amount paid per share could increase dependent upon the share capital consolidation as detailed below. If the return of cash to shareholders and subsequent share capital consolidation are approved by shareholders and take place as planned, the Board has recommended that the total amount of the final dividend will remain the same, £23 million, but will be paid on the smaller number of shares in issue resulting from the share consolidation. Therefore the amount paid per share would increase and details of these changes will be set out in the circular to shareholders to be issued regarding the return of cash. Subject to approval by shareholders at the AGM on 25 July 2013, the final dividend will be paid on 2 August 2013 to shareholders on the register at 21 June 2013. A dividend reinvestment plan (DRIP) is available for this final dividend, which will enable shareholders to reinvest their dividends directly into Invensys shares. The Board remains committed to a progressive dividend policy with future dividend growth reflecting the long-term sustainable trend in underlying earnings per share and free cash flow.
http://www.invensys.com/isys/docs/results/fy12_13/invensys_fy_results_2012_13%20press_release.pdf 16 May 2013 RESULTS FOR THE YEAR ENDED 31 MARCH 20131 A transformational year for Invensys Business highlights • Disposal of Invensys Rail for £1,742 million was completed on 2 May 2013 – Agreements with Trustee of UK Pension Scheme implemented with contributions of £400 million to UK Pension Scheme and £225 million to a reservoir trust; no further contributions are expected to be made for the foreseeable future – Subject to shareholder approval, return of £625 million of cash to shareholders (amounting to around 76 pence per share) to be implemented as soon as practicable • Invensys is now a focused supplier of industrial software, systems and control equipment, delivering state-of-the-art technologies to the world’s major industries • Reorganisation of Group underway including the elimination of former divisional headquarters resulting in savings in overheads of £25 million per annum by April 2014 • Improved transparency going forward with four new business segments – Software, Industrial Automation, Energy Controls and Appliance Financial highlights for continuing operations2 • Order intake was £1,700 million (2012: £1,759 million), down 3% (down 2% at CER3); Invensys Operations Management improved in the second half to produce orders in line with last year but Invensys Controls experienced a further market-led decline • Revenue was £1,792 million (2012: £1,764 million), up 2% (up 3% at CER), driven by order book conversion at Invensys Operations Management more than offsetting the decline at Invensys Controls • Operating profit4 rebounded to £131 million (2012: £93 million), up 41% (up 40% at CER) with our China Nuclear contracts stabilised • Underlying earnings per share5 were 8.5p (2012: 5.3p), up 60% • Operating cash flow was £136 million (2012: £124 million) and operating cash conversion was 104% (2012: 133%); net cash at year end (before receipt of Invensys Rail disposal proceeds) was £268 million (2012: £262 million) • Recommended final dividend6 of 2.85p per share (2012: 2.75p per share); total dividends for the year of 4.6p per share (2012: 4.4p per share), an increase of 5%
There should be a be in there somewhere......lol
Are out tomorrow which should interesting.... GLA
12 May '13
There is a small article in the Sunday Times for anyone interested. It is pretty much summing up the posts on this board. But any additional PR is positive leading up to the figures. Just need to push through the £4 resistance... GL
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