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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).
thank you cf. Best of luck to you.
an exciting week for cf holders (all 3 of us). Mr. de Rosnay sprinkling some magic dust....
Doesn't seem to inch up in fractions this one - when it rises.....well they wanted mine for 310 at first, then a minute later 335 so I suppose the mms have to allow for that. Just mho though. What a day! GL
any view why the spread is so big?
just offered 335 - this share a best kept secret!
wanting them ! Offered 310; on TSX yesterday CF. were flying what with director buying, de Rosnay etc. Ex dividend now so let's see where this goes. GLA
ex Lehman bros....ahem, passing right along. Bags of drive,experience and with a wealth of contacts - market seems to love it! GLA
Canaccord Financial Inc. Buy 31-Aug-12 £32,211.68 John D. Rothwell 10,000 @ 322.12p
to Mr de Rosnay: http://business.financialpost.com/2012/09/04/top-global-investment-banker-alexis-de-rosnay-to-head-canaccord-genuity/ New kid on the block comes with a heck of a pedigree - GSK, Lazard, JP Morgan etc. This, together with recent director buying looks promising although DYOR (if there's anyone out there!)
PR certainly appears keen
Canaccord Financial Inc. Buy 24-Aug-12 £44,318.16 Paul Reynolds 14,500 @ 305.64p
hoovering them up! http://www.reuters.com/article/2012/08/24/idUS143848+24-Aug-2012+PRN20120824
and Balver too for that matter
Wilks8 - yes its risky but it good be inspired! - certainly Mr Reynolds is backing the current SP
Canaccord Financial Inc. Buy 17-Aug-12 £15,217.94 Paul Reynolds 5,000 @ 304.36p
i'd buy in here today.......what a plonker/ what inspired trading - delete as necessary. Busy director buying and a decent dividend are positives - price in tailspin and recent 1st q 16 mill loss are downside...risky innit! GL out there and ta for updates mulled.
Mr Reynolds seems keen just now
Canaccord Financial Inc. Buy 15-Aug-12 £15,013.85 Paul Reynolds 5,000 @ 300.28p
Canaccord Financial Inc. Buy 14-Aug-12 £15,170.99 Paul Reynolds 5,000 @ 303.42p
This looks like it needs some scrutiny to see why the drop from £10 in 17 months