We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Explain/justify how a stock can fall 8% on more buys than sells and on no news. This entire market just gets more and more manipulated by the day. Yes, I know oil is extremely weak, but there is no mass sell off and no other company specific news to go off, and yet the mms can take it down 8%?!
Oilers getting battered again. PMO is down more. The market has it's teeth into this and it's just a case of finding the bottom, imo. How low can it go? That said, everything is due a bounce.
plunge today today on low volume, and what appears currently to be more buys than sells.
http://www.fool.co.uk/investing/2016/01/04/are-2015s-ftse-dogs-tullow-oil-plc-home-retail-group-plc-and-amec-foster-wheeler-plc-set-to-become-the-stars-of-2016/ May need to fiddle/log in to read - His Home prediction soared with rns this morning
Think of another company where you get such ridiculous vertical movements in the share price ?!
...for someone to buy this company. Happy new year
Ghino, The projected year end debt is £1.1bn. While this is a large sum, when compared to the company's Market Cap of £1.7bn, it is not excessive. Before the recent fall the Market Cap was nearly 3 times the company debt. The companies that get into real trouble with their debt usually have a ratio of 3 : 1, or 4 : 1 debt to market cap, not the other way round, as with AMFW. Glencore have a far worse debt to mk cap ratio. Their Mk Cap is £13.4bn and they are attempting to reduce their £20bn debt.
kenj, likely you're right. But at the moment you can buy this company at discount price, and more thanone are behind the corner...the real problem is the debt of which they are charged with, that is over 1 B pounds. And the fact that they cannot compete with giants like Fluor, Jacobs, Technip, Petrofac. Merry Christmas,
Ghino, There are some people who would argue that this is more about under valuation, than under evaluation. AMFW's share price fell relentlessly, day after day (from 750p to 380p), following the company's somewhat disappointing trading update on 5th Nov. The rise over the last two days is extremely modest compared with the recent falls.
that the share gains over 10% in two days only for an upbeat of the America's region. Guess that is under evaluation for possible acquisition
Nice Bit of a breakout today LP 421 Not long till profit lol
exponential 8 day MA, that is, which is something I'm going to try. Not just yet though, but it's close.
The SP is about to hit the 8 day exponential. I might look at a top up later.
Lows today of all days. ... Have to hand hearty congratulations to the chief executive for presiding over such a monumental destruction of value , and for also having bought Foster Wheeler at the peak!
Market and more buys than sells the market makers have taken this red today... Really is such a complete casino
Topped up here today Nice bounce from previous lows
Has virtually halved since the trading update. Market cap. Now around the 1.5 billion mark. Almost gone in a straight line from 747 to 380 - anyone who had a short open must have made a killing here
isn't a good enough description. I agree this is a very good company. But it's going to go lower :-(
Whilst it is clear that the oil and gas industry is in some difficulty, the battering that Amec has endured seems overdone. This is a very well-run engineering company, with many excellent features. It is one of the top 5 engineering offices in London and one of the top 2 in Aberdeen. The acquisition of Foster Wheeler in February provides long term strengthening of Amec’s capabilities. Overnight, the Foster Wheeler acquisition made AMFW one of the only contractors to truly operate across the whole engineering spectrum, from downstream to upstream – it also made Amec a heavyweight player in the middle east, where Foster Wheeler is a prestigious name. Like KBR beforehand who bought out MW Kelloggs which was based in expensive Greenford and closed the London office, relocating all engineering to the Leatherhead KBR office, Amec has closed its Old street office, and rerouted engineering to Reading – saving money, but also with a s****y management office in London Wall. The FW purchase also gave Amec an Indian office – and a portion of all future work will be done there. Whilst the Greenfield work carried out in London will be unlikely to flourish in 2016, the Brownfield (maintenance work) office performed by Aberdeen is likely to pick up in 2016 as for HSE reasons, platforms need to be regularly maintained. There was a recent win of a contract by Aker solutions of a BP maintenance job and it is likely that more contracts will be available. As Amec is an Aberdeen heavyweight (one of 2) it is likely that Amec will enjoy a better year next year from oil revenues. The company also is diversified beyond O&G, and has had recent successes in nuclear for example. The company has strong, stable management and a good foundation to do better next year than this year, and very good prospects beyond. It seems to be chronically undervalued.
Are a law unto themselves. No one expected an easing up from the Saudis in reality , but amec are now down another 6% odd from Friday. Very low volumes - more buys than sells today. Predictable, mind
Marc Boulter I used to work for the guy good help them
that the BoD need to step up and get some positive newsflow to happen. they also need to sort the refinancing as soon as possible. they really need to get a grip on things. big investors in from before the trading update must be seething
the price festers in this area, the more I think the mms are lining it up for a drop into the 300s. I just think they're waiting for an excuse to dump it another 10% lower. could be totally wrong, which would be nice!
Amec Foster Wheeler announces today its founding membership of the Capital Deliver Alliance ('the Alliance'), launched by UK Power Networks. Alongside three other key supply chain companies the Alliance will operate together as one body to implement a major £1 billion infrastructure programme over the next 12 years. The four UK Power Networks partners are Amec Foster Wheeler, Clancy Docwra, McNicholas and Morrison Utilities Services. Working collaboratively with UK Power Networks, the four companies will refurbish and upgrade electricity substations, cables and power lines across London, the East and South East to achieve greater efficiency and innovative ways of working - to deliver excellence in service to UK Power Networks' customers. Representatives from all the companies will be based in one London office to enable them to operate as one entity and progress an agreed work plan. Marc Boulter, Managing Director of Amec Foster Wheeler's Transmission & Distribution business, said: "As part of the Alliance, we will use our global expertise and experience to help deliver safe, innovative resilient solutions to support the energy transition for London, the East, South-East and for our customer."
imo.