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Dividend is only 1.5 p, surely there won't be much of a retrace, or have i got it wrong, still trying to learn the art of wheeling & dealing so if anyone can help me out in unerstanding all this I would be much appreciated. I try to research companies as best I can & from what I see of this it looks good. No debt and some nice recent contracts on their books
Report from chairman, Dividend payable 7th August 1.5p (long awaited) Extract: • our net debt, which stood at over £1.5 billion in 2003, has been reduced to the point where we are now debt free and have over £300 million of net cash and deposits; • our legacy liabilities, excluding pensions, have reduced from £700 million to just £77 million; • we have progressed from reporting an overall loss of nearly £1.5 billion in the year to 31 March 2003 to a net profit of £133 million; • our market capitalisation has increased from £350 million in 2003 to around £1.6 billion today; • we have reached a position where we are now able to pay a dividend for the first time since 2003; and we have rejoined the FTSE 100 Index, in June 2008, and have been reclassified as a technology company, recognising the significant change in our businesses during recent years. http://www.invensys.com/media/rnsdetails.asp?top_nav_id=3&nav_id=3&action=detail&content_no_id=857&frm_search=
Yes 10% up and looking good today, looks like they will be paying divi's again. http://www.invensys.com/isys/docs/Results/Prelim200809/Invensys%20Prelims%20140509.pdf
Press release from Invensys - Looking good April 2009 27 Invensys Rail Group scoops New Zealand ERTMS signalling contract Westinghouse Rail Systems Australia (WRSA), part of Invensys Rail Group, and New Zealand’s rail infrastructure manager ONTRACK will implement New Zealand’s first installation of European ...
A couple of recent releases, looking good, but as always DYOR 2009 Press Releases April 2009 22 Invensys plc Joins OTCQX Pink OTC Markets Inc., the leading electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, today announced that Invensys ... »» 17 IPS inks $50 million services agreement with Petrobras Invensys Process Systems (IPS), a global technology, software and consulting firm, today announced that it has signed a five-year, $50 million contract to provide comprehensive safety services and solutions ... »» March 2009 5 Invensys opens new Shanghai, China office Largest Asia Pacific facility will help meet china's growing energy market, serves as global engineering excellence centre to support clients in Asia Pacific and the Middle East. Invensys Process Systems ... »» February 2009 23 Company to supply technology solutions for 3,300-megawatt power station under construction in Gujarat state, India Invensys Process Systems (IPS), a global technology, software and consulting firm, today announced that it has signed a U.S. multi-million dollar deal with Shandong No. 3 Electric Power Construction ...