The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
2 contracts in 3 days & 3 contraCTS in a week. never mind the 230 mark, lets get back to the 300+ mark. BRIEF-Invensys Rail wins 170 million stg contract Thu, 3rd Nov 2011 07:22 LONDON, Nov 3 (Reuters) - Invensys PLC: * Invensys rail wins landmark 170 million contract ((London Equities Newsroom; +44 20 7542 7717)) Invensys Rail Awarded £28m Reading Western Mainlines Signalling Contract plus 01 November 2011 Network Rail has awarded the £28 million signalling contract for the Reading Western Mainlines programme to Invensys Rail.
http://www.invensys.com/en/news/group/article/921/invensys-rail-wins-pound420-million--contract-for-signalling-on-the-makkah-to-madinah-high-speed-line-in-saudi-arabia.aspx Invensys Rail wins £420 million contract for signalling on the Makkah to Madinah High Speed Line in Saudi Arabia 26 October 2011 The Saudi Railways Organization (SRO) has announced today that the Al Shoula consortium has been awarded the contract to provide the superstructure, systems, rolling stock, signalling, operation and maintenance for the Haramain High Speed Line linking the two Holy Cities of Makkah and Madinah. This consortium is a Saudi-Spanish group which will implement the successful high speed line model and technology applied in Spain to this new line. As a member of the Al Shoula consortium, Invensys Rail will provide the full turn-key signalling and train control systems, including its FUTUR 3000 and FUTUR 2500 Level 2 ERTMS solution and also includes centralised traffic control, electronic interlockings, LED wayside signals, train detection systems and on board ETCS equipment for the 34-strong train fleet. The contract includes a 12 year maintenance period. Invensys Rail’s share of the three year construction phase is valued at €298 million (around £260 million). Its share of the 12 year maintenance phase is €185 million (around £160 million). ................................. Wayne Edmunds, Chief Executive of Invensys, commented: “This is a major breakthrough for Invensys Rail. We are particularly delighted to be part of this team and we look forward to continuing to grow our presence in the global railway signalling and train control market.”
Thanks Horace, time will tell
What's your thoughts on what will happen to IPEL if your thoughts are correct?
Many thanks for your input, you always seem very well informed
RNS http://www.lighthousegroup.plc.uk/News/Article.aspx?ID=231¶m=Interim+Results Lighthouse Group plc (AIM: LGT) today announces its interim results for the six months ended 30 June 2011. Summary Average annualised revenue per adviser up 8% 50% increase in EBITDA* Like-for-like recurring revenues up a further 5% to 28% Net cash balances of £11.8 million, up £0.6 million from 31 December 2010 after tax and dividend payments Interim dividend of 0.13p per share to be paid in October Non-recurring charge of £2.9 million in respect of Falcon historic trading and network re-organisation Financial position Cash balances amounted to £13.6 million at the period end, compared to £12.3 million at the end of the corresponding previous period. Net cash balances after adjusting for the five year trading facility rose from £11.2 million at the end of December 2010 to £11.8 million by 30 June 2011. The facility, which is repayable in instalments, is expected to be retired fully from surplus operating cash flows, in line with expectations, by mid-2012. The Group has no bank debt. Dividends Group trading in the first half of 2011 was in line with expectations and the Group's underlying cash generation has remained strong. Accordingly your Board has decided to increase the interim dividend for 2011 to 0.13p (2010: 0.12p) to reflect that progress, as well as continuing confidence in the Group's prospects. The interim dividend is expected to be paid on 27 October 2011 to shareholders on the register at 7 October 2011.
Nice to hear from you, I'm in for the long haul too, a lot of ground to make up, still it was encouraging to see that £425K buy last week Here's looking to good times ahead
Thanks, nice to see someone else here
Are people jumping ship? down 12 (3.75%) this morning, There was a nice buy of £425K on 13th September, surely they would't have done that if things were not going well. Any thoughts anyone?
Invensys Commissions ERTMS solution on Turkish High Speed Line No idea, all I see is good things coming from Invensys, maybe someone out there knows something and can enlighten us. A bit more news... http://www.invensys.com/en/news/ir/article/919/invensys-commissions-ertms-solution-on-turkish-high-speed-line.aspx 30 August 2011 On August 23, the Prime Minister of Turkey, Recep Tayyip Erdogan, inaugurated the new high speed line between Ankara and Konya, which is equipped with Invensys Rail’s FUTUR 1300 ERTMS (European Rail Traffic Management System) Level 1 and associated signalling systems..................................
Good to see this bouncing back up by decent amounts again.
This seems to be dropping like a stone, am i missing something? I thought things were looking good for them all things considered.
Invensys on track Thu, 28th Jul 2011 08:21 The technology company Invensys has made a solid start to its financial year, performing in line with expectations, leaving it on track to improve on last year's performance, subject to currencies behaving themselves. In its Controls division, the company experienced lower than expected demand in its core appliance markets in Europe and North America during the April-June quarter, but remains confident that performance will recover in the second half of the financial year. Order intake in the Operations Management division was ahead in each major region once last year's China nuclear order is taken out of the equation. Revenue growth was driven in particular by the further ramp-up of work on recently won large greenfield contracts. As expected this change in sales mix has tempered improvements in operating margins. Invensys Rail produced a satisfactory performance in the first quarter of the company's fiscal year with the conversion of its large order book in new markets more than offsetting a slow-down in revenue from its traditional markets. At 30 June 2011, the group had net cash totalling £253m and said that the £95m reduction in the quarter was due mainly to an expected working capital outflow related to large projects in Invensys Operations Management and Invensys Rail, deficit reduction payments into the US and UK pension schemes and a number of other non-operating outflows, including the acquisition of the minority interest in a Chinese subsidiary, Shanghai Foxboro Company Limited.
Invensys Rail Named Supplier of the Year by Network Rail 15 July 2011 Invensys Rail collected two major industry awards at Network Rail’s annual Partnership Awards ceremony which were held at London’s Natural History Museum on 13 July 2011, winning the ‘Best Large Project’ award and the highly prestigious ‘Supplier of the Year’ award http://www.invensys.com/en/news/ir/article/916/invensys-rail-named-supplier-of-the-year-by-network-rail.aspx
Four nice buys today, especially the one for £390.65K 11-Jul-11 13:01:33 375.00 104,172 Buy* 370.00 379.75 390.65k 11-Jul-11 12:58:54 375.00 3,250 Buy* 370.00 379.75 12.19k 11-Jul-11 12:58:54 375.00 4,250 Buy* 370.00 379.75 15.94k 11-Jul-11 12:53:37 375.00 4,250 Buy* 370.00 375.00 15.94k Can't see any new news, is something about to happen?
Good gains today, up 45, does anyone know the reason?
RESULTS FOR THE YEAR ENDED 31 MARCH 2011 RNS Number : 8818G Invensys PLC 19 May 2011 Invensys plc RESULTS FOR THE YEAR ENDED 31 MARCH 20111 Financial highlights - continuing operations · Order intake was £2,452 million (2010: £2,473 million), down 1% (down 3% at CER2) · Revenue was £2,486 million (2010: £2,243 million), up 11% (up 9% at CER) · Operating profit3 rose 6% (up 5% at CER) to £262 million (2010: £248 million) · Underlying earnings per share rose 48% to 19.8p (2010: 13.4p) · Operating cash flow was £213 million (2010: £265 million) and free cash flow was £83 million (2010: £100 million) · Recommended final dividend of 2.5p per share (2010: 2.0p per share); total dividends for the year of 4.0p per share (2010: 3.0p per share) · Continued strong financial position with net cash of £348 million Business highlights · Strong order intake in Invensys Operations Management and Invensys Controls offset by fewer large orders in Invensys Rail · Major contract awards during the year for control and safety systems at four nuclear reactors in China · Good revenue growth across the Group driven by large greenfield contracts in Invensys Operations Management and new market contracts at Invensys Rail · Provisional outcome of triennial review of UK Main Pension Scheme shows no change in deficit funding contribution schedule Wayne Edmunds, Chief Executive of Invensys, commented: "I am delighted to be leading Invensys in the next stage of its development. Having worked closely with our businesses over the past two years as Chief Financial Officer, it is clear to me that we have three strong divisions each with management strength in depth and the ability to create significant growth and value. We are a global company operating in end markets which each have strong growth prospects. Our overall strategy remains unchanged but we will have an increased focus upon execution." "We have produced another good performance for the year and, looking forward on a constant currency basis, we expect a year of further progress."
6-May-11 11:01:35 336.00 30,000 Buy* 330.00 340.00 £100.80k and the SP goes down
Dividends up 20% http://www.lighthousegroup.plc.uk/News/Article.aspx?ID=4126176¶m=Preliminary+Results Highlights ● Revenue up 4% to £63.1 million ● Recurring revenues increased by 7% to £17.6 million and now comprise 28% of Group revenues ● EBITDA up 22% to £1.32 million before non-recurring operating expenses of £164,000 ● Net cash balances up 27% to £11.2 million ● Profit on sale of Pensions Division of £1.24 million ● Basic earnings per share of 1.14p ● Total dividends for the year up 20% to 0.36p per share on annualised basis ● Further affinity relationships established ● RDR preparations continuing Commenting on the results, David Hickey, Executive Chairman of Lighthouse Group plc, said: "The Board is pleased with the Group's strong performance during the year. In particular, we have improved profitability and added to our already significant cash resources. During the period we have also focused on improving the quality of earnings by further increasing recurring revenues. "We are pursuing both organic growth through developing our affinity relationships, as well as continuing to assess acquisition opportunities. The Board is satisfied that the Group remains operationally well positioned and financially robust." Commenting on the results, David Hickey, Executive Chairman of Lighthouse Group plc, said: "The Board is pleased with the Group's strong performance during the year. In particular, we have improved profitability and added to our already significant cash resources. During the period we have also focused on improving the quality of earnings by further increasing recurring revenues............................... .Check it out.... Also today .... BRIEF-Lighthouse wins advice contract for union LONDON, April 4 (Reuters) - Lighthouse Group PLC: * Lighthouse wins three year contract with prospect ((London
The way I look at it is that if you pump in £57K and the other big buys then you want a return & are expecting this to go up further (unless you want to make a loss) I still have ground to make up from the old days of Corporate Services, so I am sticking around but am pleased with the way things are going lately. I do find it encouraging when i see decent buys going through which I presume aren't PI's. So long as we have nice gradual increases that will suit me fine.