The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
http://www.investegate.co.uk/Article.aspx?id=201110030700293716P
Panmure Gordon upgrades AVEVA Group from hold to buy, target price cut from 1697p to 1640p At 2:15pm:
Goldman reiterated conviction buy on Aveva Group, target price reiterated at 2,500p
nstead of cultivating home consumers, software company Aveva focuses on big companies with its expertise in engineering software. In particular, it has an enviable position in the oil, gas and power markets. Numis now puts the stock on under 25 times forward earnings, which is an improvement. There is also little doubt that this a strong business, with stellar prospects. There was nothing in yesterday’s statement that would justify a sell recommendation. Hold, says the Independent.
http://www.investegate.co.uk/Article.aspx?id=201105250700112255H
Strong demand from customers in the oil, gas and power sectors has led to improved annual adjusted pre-tax profits at Aveva Group (AVV), as the software firm remains cautiously optimistic of further improvements in business conditions during the new financial year. For the 12-months ended 31st March 2011, the company announced an 8% jump in adjusted pre-tax profits to 54.7 million pounds on revenues up 17% to a record 174 million pounds. Shares in Aveva, which makes software used to design nuclear power stations, ships and oil facilities, added 10p to 1,581p.
Aveva on track for FY Date: Monday 18 Apr 2011 LONDON (ShareCast) - Engineering software firm Aveva said it expects full year results to be in line with expectations after a good performance in Asia Pacific Oil and Gas and Power sectors. "The group has continued to perform well in its key vertical markets and geographies, consistent with the trends identified in January 2011," the group said in company update. While Asia Pacific performed strongly, driven by the Oil and Gas and Power sectors, there were also signs of improvement in Marine from Offshore Oil and Gas projects, Aveva said. The group also underlined that, to date, there has been no impact on the business from events in Japan. However Aveva warned that growth rates in EMEA, Central Europe was hindered by the slower economic recovery across the region during the year. Similarly in the Americas, North American sales were hurt by the "economic conditions and the competitive environment". Latin America continued to grow strongly however, as new opportunities in the Oil and Gas market in Brazil open up. Commenting on the group's progress, chief executive Richard Longdon said, "We are encouraged that we have seen market conditions generally improve in the last quarter although we are conscious of continuing global uncertainties."
Richard Longdon, Chief Executive, said: "We are pleased with the outcome for the year with a good level of growth despite the challenges we faced. We are encouraged that we have seen market conditions generally improve in the last quarter although we are conscious of continuing global uncertainties." The Group will be announcing its preliminary results for the year ended 31 March 2011 on 25 May 2011.
Period end trading update AVEVA Group plc ("AVEVA" or the "Company"; stock code : AVV), one of the world's leading providers of engineering data and design IT systems, today announces a trading update following the end of the financial year to 31 March 2011. The Board expects to report full year results in line with its expectations. The Group has continued to perform well in its key vertical markets and geographies, consistent with the trends identified in our January 2011 Interim Management Statement. Asia Pacific performed strongly driven by the Oil and Gas and Power sectors. There were also signs of improvement in Marine from Offshore Oil and Gas projects. There has to date been no impact on the business from the events in Japan. In EMEA, Central Europe was impacted by the slower economic recovery across the region in the year which has resulted in lower overall growth rates. In the Americas, North American sales have been affected by the economic conditions and the competitive environment. Latin America has continued to grow strongly, mainly driven by opportunities in the Oil and Gas market in Brazil. During the year, we have seen some encouraging customer wins for AVEVA NET and the pipeline continues to grow. As a result of planned investment in the Enterprise Solutions business we are now better placed to exploit opportunities in the growing lifecycle management market which AVEVA NET serves.
on a bad day.
after close
The rason for big drop is because that is this shares pattern. If you look over the last two years you will see it climbs and falls but usually always climbs back up and higher. Good share to deal daily as can rise up to 40p then down and up again. Just thought i would share this with you.
Big buys continue after close on a daily basis. This will break out of this period of inactivity soon
Big drop early on and now recovering. What reason??
Big buys continue after market close
Something afoot? Nice rises over the last few days and large buys after close.
week for an excellent share up £1.30
rise over the last month. Are we heading for the £16+ of the previous high for this share?
as usual. with the oil price.
Sept 8 (Reuters) - Europe - Technology: Software Sector: * Goldman Sachs raises Aveva price target to 1250P from 1100P; rating buy
so far so good but volume is down a lot today. Anybody else holding these at the minute and if so whats your target / timeframe?
Just bought in today, seems like a solid company, good financials and a lot of potential upside.
...has downgraded to NEUTRAL.