Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Valuation: Remains undervalued The shares continue to trade at a discount to its larger US-based peers, but now standing at 18% compared to c 30% in the summer. With the continued reduction of debt, a resumption of dividends gets closer, which will add to the corporate recovery argument and emphasise the value in the shares
Dr. Don Evans, Non-Executive Chairman of AMS, said: "We remain excited by the opportunity for LiquiBand® in the Acute Care hospital sector in the US. We are actively addressing our sales channel to achieve better market penetration as progress has been slower than expected. We have several developments coming through our R&D pipeline and these combined with further anticipated progress in our existing businesses and from our RESORBA® brands, mean that the Board remains optimistic about the Group's overall prospects." 1 The range of market expectation for profit before tax, amortisation of acquired intangible assets and exceptional items is £11.9m to £12.8m. Consensus is at £12.5m.
Pre-Close Trading Update Winsford, UK: Advanced Medical Solutions Group plc (AIM: AMS.L), the global medical technology company, today announces an update on trading prior to its close period for the year ending 31 December 2012. AMS is pleased to report that much of the progress highlighted at the Interims has continued, with ActivHeal®, silver alginate and the converted foam portfolios all showing strong year-on-year progress. The integration of RESORBA® continues to plan and the recent NHS tender awards for the Group's sutures and haemostats means the business is in a position to start delivering commercial synergies by taking these RESORBA® brands into the UK market for the first time. The overall performance of LiquiBand® in the US has, however, been mixed. LiquiBand® and LiquiBand® Flex have both continued to do well in the Alternative Site sector but, given the size of the opportunity and the quality of the Group's products, we have been disappointed with progress in the second half of 2012 in the much larger Acute Care hospital sector. We are actively reviewing the most effective strategy for accessing and gaining market share in this important sector. AMS's roll-stock foam revenues will also be lower than in the prior year, as previously highlighted in the Interim statement. With the gains made across a number of fronts being offset to some extent by the performance of LiquiBand® in the US Acute Care hospital sector and continued pressure on foam roll-stock, overall indications for the full year are that AMS will be at the lower end of market expectation1 for pre-tax profits.
n Wood Group GTS, performance in our Maintenance business has benefitted from the contribution from our oil & gas related activities. In Power Solutions, we have recognised reduced margins on our contract with GWF which is now substantially complete and continue to make good progress on the Dorad contract which is scheduled to complete in the fourth quarter of 2013. We have recently commenced work on contracts with NRG Energy and Pasadena Water & Power and are tracking further opportunities, albeit delays in awards continue. Overall, performance for 2012 is anticipated to be in line with expectations. We anticipate further good growth in 2013 and remain confident in the longer term prospects for the Group's market leading services in oil & gas and gas fired power generation markets.
KeywordCompanyEPIC/TIDMSEDOL/ISINNews Price Announcements Fundamentals News Article RSS Wood Group (John)PLC (WG.) Add to Alerts list Print Mail a friend Thursday 13 December, 2012 Wood Group (John)PLC Pre-close trading update 13 December 2012 John Wood Group PLC ("Wood Group") Pre-close trading update John Wood Group PLC ("Wood Group") issues the following pre-close trading update for the year to 31 December 2012. Full year results will be announced on 5 March 2013. Overall, conditions in energy markets remain favourable. The Group expects to deliver good growth for the year in line with expectations. Our Engineering division is performing well and continues to anticipate that 2012 EBITA will be up over 30%. Headcount was 10,300 at the end of November. In upstream, work is progressing on the Ichthys and Mafumeira Sul projects in Australia and Angola respectively, and we remain active on a number of offshore projects in the Gulf of Mexico including Hadrian and Lucius. In the Canadian oil sands market we anticipate some reduction in activity in 2013. In subsea and pipelines, we are particularly active in the North Sea and the North West Shelf of Australia, and continue to see good activity levels in onshore pipelines in North America. In downstream, the market outlook remains generally subdued, albeit we have seen some improvement in performance in the second half. In Wood Group PSN, growth for the year is underpinned by strong performance in the North Sea and in North America, particularly in the US shale regions where we completed the acquisition of Mitchell's in North Dakota during October. In Oman, we have taken steps on a number of key matters to improve performance on our contract with PDO. Losses for the year are expected to be around $20m and, subject to further progress, we anticipate significantly reduced losses on the contract in 2013 and that 2014 will be profitable. Elsewhere, we remain active in a number of other international locations including Africa, the Caspian and Australia.
Taff - without figures its hard to say whether this is overdone albeit the market will probably have written into the decrease in SP as a worse case scenario - so yes there may well be a bounce if its not as bad as worse case.
Market Update Further to the recent market update (October 30, 2012), Capital Drilling, the emerging and developing markets drilling Company, today provides a further update on the Group's operations, in light of recent developments in Egypt. Capital Drilling have received notice from one of their larger customers, Centamin plc, that their rigs in Egypt will be stood down due to ceasing of operations at the Sukari mine. The rigs have been parked up and will remain so until Capital Drilling receives further clarification on this matter from Centamin plc. Capital Drilling will keep the market updated. However, should the ceasing of operations persist this will have a substantial impact on current market consensus revenues and earnings. The management team are reviewing the possible financial impact and are taking immediate actions with respect to headcount reduction and substantially reduced capital expenditure. A further financial update will be provided when the impact of the current situation has been fully evaluated by Capital Drilling.
Summary and outlook Our business model continues to prove its effectiveness at a time when policy changes are being introduced to improve the dynamics of our industry and in the light of external factors such as interest costs and exchange rate effects. We are confident that if the overall direction of policy is maintained, and as our operating asset base continues to strengthen, we will be in a position to consider further growth options including the adoption of a dividend policy as our current development portfolio gets delivered. We wish to recognize the continuing support of our shareholders and employees that has enabled us to weather our industry's challenges and to record the successes that we have in this review. I look forward to reporting the Company's continuing progress at the end of the financial year and in the meantime, our focus on growth and shareholder returns continues unabated.
Commenting on the results, Mr M C Gupta, Chairman stated: "The Group's flexible business model continues to produce superior returns and OPG's roll out of new plants is on schedule. Once again management have been able to demonstrate the effectiveness of the business model by successfully adapting to changing circumstances in the industry such as rising input prices and changes in tariff structures. The growing power demand in India combined with our roll out and in particular measures now being instituted to improve the financial health of the state utilities makes us confident that OPG will continue to build superior shareholder value."
Operational Highlights · 77 MW Chennai I average PLF of 87 % (30 Sep 11: 94%) following planned shutdown · 77 MW Chennai II commissioned in September 2012, on time & within budget · Chennai II stabilization achieved within one month (four months for Chennai I) · All committed quantities of domestic coal received; contract for imported coal until Aug 2013 · 80 MW Chennai III project on track for commissioning in Q2, 2013 · 160 MW Chennai IV & 300 MW Gujarat progressing towards commissioning in 2014
Unaudited results for the six months ended 30th September 2012 OPG Power Ventures PLC, the developer and operator of power generation plants in India, announces its unaudited results for the six months ended 30th September 2012. Financial Highlights · PBT £2.51m (30 Sep 11: £2.50m)* · Average tariff realized up 18% to Rs5.67/kWh (H1 2012: Rs4.80/kWh)* · Revenue £17.8m (30 Sep 11: £18.8m)* · 11% growth in underlying rupee revenues despite 25 day planned shutdown* · EBITDA £4.65m (30 Sep 11: £5.03m)*; EBITDA margin of 26% (30 Sep 11: 27%)* · 140 MW of capacity being sold to the state utility at Rs5.50/kWh until May 2013 · Cash & cash equivalents of £22.5m; gearing of 31% following project expenditure *excluding legacy assets no longer consolidated from November 2011
Lets hope 'marginally delayed ' is correct
The Board remains very encouraged by the initial successes in its newly-formed foreign business ventures in Australia and elsewhere abroad, with several significant contract opportunities in discussion. The newly-formed UK sales team is also gathering momentum, accounting for approximately £800,000 of the revenue now expected to be recognised in the early part of 2013. The Board is therefore confident that @UK remains sufficiently funded and will achieve accelerated growth in the year ahead and beyond.
Trading Update @UK PLC (AIM:ATUK.L), the cloud ecommerce marketplace, announces that it is moving into a cash generative position despite a timing delay in the recognition of approximately £1m of revenue for contracts both ongoing and won. This revenue is now expected to be recognised in the first quarter of 2013. As a result of these timing factors, an increased investment in UK and international sales activities, and a decrease in the non-core Company Formations part of the business, results for the year ending 31 December 2012 will be materially below market expectations and slightly below those reported for the year ended 31 December 2011. The Board stresses that this is not lost revenue, rather revenue that has been marginally delayed and therefore falling into the subsequent year.
http://www.investegate.co.uk/uk-plc-(atuk)/rns/trading-update/201212130700084136T/