Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Amec Foster inks graphene deal http://www.laboratorytalk.com/news/amec-foster-inks-graphene-deal/407659.article
hasn't had much impact on price yet.
Surely this will go up before end of month dividend payment. After that, who knows.
Last Wednesday these were trading at 747. Therefore a 33% drop would take us to 500. Pity the poor soul who bought 60k of shares at 759 last Wednesday!
According to Barchart 1st level support is now 499 odd. 2nd level 484 So keep an eye
Been in and out of this twice since the initial drop. Back in again at 511 with slightly less just in case we dip below 500
lasted a few hours,gla waiting for the real bounce
got caught out too, by the looks of it. At least he's put his hand in his pocket. Let's hope he's confident and not just trying to prop the SP up.
233p in three sessions now....
Same thing with AVV last year Fell from £26 to around £17,hardly bounced then fell further to £12, then rose to £21 Wouldn't be surprised to see similar here
in two sessions, quite a lacklustre response, to say the least.
Decent broker targets now for plenty of upside. Lots of order filling this morning . A few director buys would be nice. I'm looking for 570-580 this week and then will take profits
Amec Foster Wheeler appointed preferred engineering partner for Applied Graphene Materials http://www.youroilandgasnews.com/amec+foster+wheeler+appointed+preferred+engineering+partner+for+applied+graphene+materials_123467.html
To act as resistance this morning, previously seemed to offer very short term support
But pretty confident there'll be a bounce of sorts from here, even if eventually it heads lower. Guess somewhere in the £4s is not out of the question , but don't see a straight line down.
Amec Foster Wheeler – down 26% http://www.stockopedia.com/content/amec-foster-wheeler-ndash-down-26-110523/
Probably explains why the update was suitably opaque on that point! Anyway,nice chatting on this,as ever let's see what happens and good luck with yours.
margins? The ultimate question, which I was sort of asking in my previous post. The margins were fine, a while back. What it all means now, is all up in the air, for me. There's not been much news for a few months, so I really couldn't comment, but If I had to guess..... I do know that the whole attitude in Oil and Gas is that they have to fall, big time. It doesn't take a genius to work that out though.
Aside from the SP drop, increased debt,perception of buying foster at the wrong time and halving of the forward div, I concur it's a quality company and I'm guessing the two positives to cling to is the SP has hopefully overshot and the forward orders are virtually unchanged although I'm not sure how they stand on margins?
But yes, still a quality company, in my estimation.
But is it possible that the order book might be battered down? The reason I ask, is I don't know how "set in concrete" these sort of deals are. In my game, it'd be a case of " I have to show we're cutting costs. If you can't do that I have to bail on the deal". And if that's not possible, you're not going to deal with us again. We all know how it works, I'm sure. As for less volatile, I don't know. This has more than halved in around the last year. I don't know how that compares.
The way I see it,this is a quality company with a global reach and it's not just about oil although that does play a large part in where we are. The forward order book is hardly changed and in itself significant. Once the analysts have finished downgrading each other,I'm sure they'll follow the herd in saying its oversold and we'll see a modest recovery in the SP. This one has tended to be less volatile than peers such as petrofac,hunting to name a couple but volatility is normally a double edged sword. The dividend cut 'could' be viewed as prudent as well although this will influence my decision to hold extras in the event of a hearty bounce, long term I don't see a problem owning a heavyweight like this one at these levels in my opinion and all that. GLA.
I forgot to say, I'll bet this has caught a few out, given the previous decline :-(
No, Questor didn't say sell then, but if you scroll back a few pages to 29th March, you'll see they called "SELL" at about 950ish. Fwiw, I ignored the advice, but originally bought in at 1100+, so was holding blindly, listening to the likes of Motley fool, where you should go for divi payers, which pan out over time. A nice divi's great, but if the SP falls loads, it's a waste of time, imo. After my top up yesterday, I was tempted to go again at 520, but managed to resist. I'll see how things pan out, but I'm not convinced the rout is over yet, even though the fall is overly harsh. The divi cut is a killer though and there will be loads of funds that have bailed. It's a shame, because if oil does turn, AMFW will be in a good situation. The trouble is, it's going to be a year delayed, isn't it? Still, fortunately, it's not a big fish in my PF, so I can live with the loss. GL.
Easy to make an opinion , sorry