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AEA Technology (AAT)
KEAYDIAN
- 06 Aug 2006 16:43
AEA Technology
Provides consultancy, technical services and products to three markets: Rail; Environment and Portable Power . AEA operates from 50 locations worldwide, including Harwell, Derby, Thurso, Glasgow in the UK, with offices also in the US, Canada, the Netherlands and Germany.
http://www.aeat.co.uk/
Provides consultancy, technical services and products to three markets: Rail; Environment and Portable Power . AEA operates from 50 locations worldwide, including Harwell, Derby, Thurso, Glasgow in the UK, with offices also in the US, Canada, the Netherlands and Germany.
http://www.aeat.co.uk/
KEAYDIAN
- 06 Aug 2006 16:45
- 2 of 191
Is a play of the week in the latest Shares magazine.
queen1 - 14 Mar 2007 09:59 - 3 of 191
I know that this may be a crazy time to be investing with the markets in freefall every other day but I'm into these now in a modest way. I like the prospects for the environmental side of the business. Anyone else with a stake?
queen1 - 12 Apr 2007 13:53 - 4 of 191
A nice uplift so far today on the following:
Environment and energy group AEA Technology PLC said it expects its full-year results to be in line with market expectations with new order growth of 26 pct, and that it looks forward to the next financial year with confidence.
The company said it remains confident that Europe will be a strong area of operation in the years ahead, and that it continues to look actively at the US market which, it believes, will provide significant opportunities for the group in the future.
Environment and energy group AEA Technology PLC said it expects its full-year results to be in line with market expectations with new order growth of 26 pct, and that it looks forward to the next financial year with confidence.
The company said it remains confident that Europe will be a strong area of operation in the years ahead, and that it continues to look actively at the US market which, it believes, will provide significant opportunities for the group in the future.
lanayel
- 08 Jun 2009 09:02
- 5 of 191
These may have bottomed out - results are due later this month and, with forecast eps of around 4p per share, the PE ratio is around 5.5 !!
There were some relatively huge purchases at the end of last week and the shares have been very lively this morning.
The Company, who describe themselves as a leading climate change consultancy, have been beefing up management to pursue significant business in the USA.
The Obama administration may well provide much more potential for business than the previous incumbant and there could well be some information forthcoming with the results.
There were some relatively huge purchases at the end of last week and the shares have been very lively this morning.
The Company, who describe themselves as a leading climate change consultancy, have been beefing up management to pursue significant business in the USA.
The Obama administration may well provide much more potential for business than the previous incumbant and there could well be some information forthcoming with the results.
XSTEFFX
- 08 Jun 2009 16:46
- 6 of 191
GOOD BOTTOM
22p today
22p today
lanayel
- 09 Jun 2009 08:27
- 7 of 191
The results are out on Thursday !!!
lanayel
- 11 Jun 2009 10:52
- 8 of 191
http://moneyam.uk-wire.com/cgi-bin/articles/200906110700117097T.html
The results were, generally, very good.
EPS came in at 3.5p (a little below expectations) but giving a current PE of 7.
The outlook is very good:
Outlook
The Group continues to see significant opportunities for growth, particularly in the US. President Obama's new 'stimulus money' for energy efficiency and climate change projects will ensure that the market for AEA's skills in the medium term remains very active. In the UK, however, the public and private sector market is significantly impacted by the economic downturn and the Group expects that trend to continue. However, in these difficult times both government and the private sector will need to make decisions on where best to invest in energy efficiency and climate change areas and AEA's data, technical skills and consultancy offering means the Group is well placed to deliver the Board's expectations for the current year and beyond.
The results were, generally, very good.
EPS came in at 3.5p (a little below expectations) but giving a current PE of 7.
The outlook is very good:
Outlook
The Group continues to see significant opportunities for growth, particularly in the US. President Obama's new 'stimulus money' for energy efficiency and climate change projects will ensure that the market for AEA's skills in the medium term remains very active. In the UK, however, the public and private sector market is significantly impacted by the economic downturn and the Group expects that trend to continue. However, in these difficult times both government and the private sector will need to make decisions on where best to invest in energy efficiency and climate change areas and AEA's data, technical skills and consultancy offering means the Group is well placed to deliver the Board's expectations for the current year and beyond.
doitalldoctor
- 13 Oct 2009 09:37
- 9 of 191
The Group has made excellent progress, with trading slightly ahead of management
expectations. In Europe, despite tough market conditions, management has
delivered a resilient performance. In the US, the performance has been strong
despite delays in President Obama's stimulus money feeding through into the
market.
Orders growth has exceeded 80%. In the US, there have been a number of
significant wins. One of these positions AEA as a key interface between the US
Federal Government and the private sector on energy efficiency. The Group
continues to bid energetically in the US with a strong pipeline of opportunities
and remains confident about maintaining good progress.
The Group continues to invest in business development. In the US, in particular,
investment has been made in strengthening the business platform to provide the
foundation for significant growth in the future. Management has already taken
action in restructuring the European business in anticipation of further
significant cutbacks in the UK public sector. Despite this a strong focus on
cash has been maintained and the net debt continues to be in line with
management expectations.
Going forward the Group enters the second half with 80% of revenue secured to
meet management expectations. Prospects for the Group as a whole remain good
with the US market, in particular, providing significant opportunity for growth
going forward.
expectations. In Europe, despite tough market conditions, management has
delivered a resilient performance. In the US, the performance has been strong
despite delays in President Obama's stimulus money feeding through into the
market.
Orders growth has exceeded 80%. In the US, there have been a number of
significant wins. One of these positions AEA as a key interface between the US
Federal Government and the private sector on energy efficiency. The Group
continues to bid energetically in the US with a strong pipeline of opportunities
and remains confident about maintaining good progress.
The Group continues to invest in business development. In the US, in particular,
investment has been made in strengthening the business platform to provide the
foundation for significant growth in the future. Management has already taken
action in restructuring the European business in anticipation of further
significant cutbacks in the UK public sector. Despite this a strong focus on
cash has been maintained and the net debt continues to be in line with
management expectations.
Going forward the Group enters the second half with 80% of revenue secured to
meet management expectations. Prospects for the Group as a whole remain good
with the US market, in particular, providing significant opportunity for growth
going forward.
gibby - 16 Nov 2011 13:19 - 10 of 191
drop over done here?
gibby - 16 Nov 2011 13:29 - 11 of 191
.5 finish? - bouncing a bit
gibby - 16 Nov 2011 13:51 - 12 of 191
auction!
gibby - 16 Nov 2011 13:56 - 13 of 191
http://www.aeat.com/cms/financial-summary/
gibby - 16 Nov 2011 14:01 - 14 of 191
1p target
BRIEF-RESEARCH ALERT-Peel Hunt cuts AEA Technology target price Nov 16 (Reuters) - AEA Technology Group PLC: * Peel hunt cuts AEA Technology target price to 1P from 3P to reflect financing risk [5 Hours Ago]
BRIEF-RESEARCH ALERT-Peel Hunt cuts AEA Technology target price Nov 16 (Reuters) - AEA Technology Group PLC: * Peel hunt cuts AEA Technology target price to 1P from 3P to reflect financing risk [5 Hours Ago]
gibby - 16 Nov 2011 14:05 - 15 of 191
1p will do me fine from these levels :-))))))))))))))))))))
mitzy - 16 Nov 2011 15:21 - 16 of 191
One pence..!
gibby - 16 Nov 2011 16:11 - 17 of 191
lol yes 1p - i believe that is for the whole company and you get change!!!! :-)))))
gibby - 16 Nov 2011 21:13 - 18 of 191
well next key date is november 30th here - 2 weeks today - i would expect some ground to be regained between now and then - do not see lloyds pulling the plug etc on the face of it the rns below is not that bad - today's drop i still find incredible...... blue tomorrow or the day after latest one would expect...in discussion with lloyds would expect a good outcome then this will rocket - and new ceo soon - may andrew mcree has gone to lloyds - not LOL!!!....
RNS Number: 1691S
AEA Technology Group PLC
16 November 2011
AEA TECHNOLOGY GROUP PLC ("AEA" or "Group") Trading Update and Board Change
The Board of AEA announces today that the adjusted operating profit performance for the
Group for the financial year 2011/12 will be significantly lower than the Board's prior expectations.
Whilst first half performance has been in line with management expectations the second half will be adversely impacted by a reduced forecast outturn in PPC, our Washington based business. Whilst PPC's order intake and the order book remain strong the short term revenue profile has been adversely affected by the late placement of some orders and some expected orders not being won.
As a result, AEA is in discussion with Lloyds Bank the sole banker to the Group regarding its facility and related covenants.
With regret, the Board has accepted the decision of the CEO Andrew McCree to step down with immediate effect.
Performance at ERG, the Boston based business and AEA Europe remain in line with expectations.
Order intake across the Group, including PPC, continues to be strong.
The Non Executive Chairman Dr Paul Golby will work closely with the CFO Kevin Higginson in discussions with shareholders and the bank whilst seeking to appoint a new CEO.
The Board expects to announce its Half Year Results on 30 November 2011.
RNS Number: 1691S
AEA Technology Group PLC
16 November 2011
AEA TECHNOLOGY GROUP PLC ("AEA" or "Group") Trading Update and Board Change
The Board of AEA announces today that the adjusted operating profit performance for the
Group for the financial year 2011/12 will be significantly lower than the Board's prior expectations.
Whilst first half performance has been in line with management expectations the second half will be adversely impacted by a reduced forecast outturn in PPC, our Washington based business. Whilst PPC's order intake and the order book remain strong the short term revenue profile has been adversely affected by the late placement of some orders and some expected orders not being won.
As a result, AEA is in discussion with Lloyds Bank the sole banker to the Group regarding its facility and related covenants.
With regret, the Board has accepted the decision of the CEO Andrew McCree to step down with immediate effect.
Performance at ERG, the Boston based business and AEA Europe remain in line with expectations.
Order intake across the Group, including PPC, continues to be strong.
The Non Executive Chairman Dr Paul Golby will work closely with the CFO Kevin Higginson in discussions with shareholders and the bank whilst seeking to appoint a new CEO.
The Board expects to announce its Half Year Results on 30 November 2011.
gibby - 16 Nov 2011 21:14 - 19 of 191
ceo's seem to be dropping like flies just lately!!!
dreamcatcher
- 16 Nov 2011 21:15
- 20 of 191
AEA shares plunge and chief executive quits on profits warning
Matthew Holehouse, 20:58, Wednesday 16 November 2011
Andrew McCree, the chief executive of AEA Technology (Xetra: 903021 - news) , has resigned as the energy consultancy sounded its second profit warning in seven months.
Shares plunged 88pc on Wednesday, closing down 1 3/4 at 0.23p.
The US government has awarded to rivals several contracts expected to go to PPC, the company's Washington subsidiary, while others were placed late or deferred. It means full-year profits will be "significantly lower" than forecast, the company said.
Peel Hunt, the company's broker, downgraded its full-year pre-tax profit forecast from 8.7m to 5.1m.
"We've got signed orders from customers to do the work, and we will get the work, but the question is when," said Kevin Higginson, the chief financial officer.
"We had an issue. Andrew, being a man of honour, felt he had to take responsibility for that and with reluctance the board accepted his decision. There's a lot of sadness, but there's been no fall out," he said.
He said he did not expect "significant" job losses.
Lloyds, AEA's sole banker, is holding discussions with the group over its facility and covenants. The group has a large pensions deficit and 30m of debt.
AEA warned in August that uncertainty over US federal budgets over the summer, as Congress wrangled over the debt ceiling, could delay contracts.
That followed a profit warning in April as Britain's austerity programme caused a "significant drop" in UK sales.
The group said yesterday order intake elsewhere in the group is "strong" and performance at AEA Europe and ERG (MDD: ERG.MDD - news) , its Boston business, were in line with expectations.
The green energy consultancy, which sold its nuclear technology and engineering software businesses, has seen a steady decline in market value since it was spun out of the UK Atomic Energy Authority more than a decade ago.
Analysts at Peel Hunt said AEA holds a "superb" market share in a growth industry, but slashed the target price from 3p to 1p due to the risk of Lloyds pulling out. "An earnings miss and the unexpected departure of Andrew McCree brings significant uncertainty," they said.
Matthew Holehouse, 20:58, Wednesday 16 November 2011
Andrew McCree, the chief executive of AEA Technology (Xetra: 903021 - news) , has resigned as the energy consultancy sounded its second profit warning in seven months.
Shares plunged 88pc on Wednesday, closing down 1 3/4 at 0.23p.
The US government has awarded to rivals several contracts expected to go to PPC, the company's Washington subsidiary, while others were placed late or deferred. It means full-year profits will be "significantly lower" than forecast, the company said.
Peel Hunt, the company's broker, downgraded its full-year pre-tax profit forecast from 8.7m to 5.1m.
"We've got signed orders from customers to do the work, and we will get the work, but the question is when," said Kevin Higginson, the chief financial officer.
"We had an issue. Andrew, being a man of honour, felt he had to take responsibility for that and with reluctance the board accepted his decision. There's a lot of sadness, but there's been no fall out," he said.
He said he did not expect "significant" job losses.
Lloyds, AEA's sole banker, is holding discussions with the group over its facility and covenants. The group has a large pensions deficit and 30m of debt.
AEA warned in August that uncertainty over US federal budgets over the summer, as Congress wrangled over the debt ceiling, could delay contracts.
That followed a profit warning in April as Britain's austerity programme caused a "significant drop" in UK sales.
The group said yesterday order intake elsewhere in the group is "strong" and performance at AEA Europe and ERG (MDD: ERG.MDD - news) , its Boston business, were in line with expectations.
The green energy consultancy, which sold its nuclear technology and engineering software businesses, has seen a steady decline in market value since it was spun out of the UK Atomic Energy Authority more than a decade ago.
Analysts at Peel Hunt said AEA holds a "superb" market share in a growth industry, but slashed the target price from 3p to 1p due to the risk of Lloyds pulling out. "An earnings miss and the unexpected departure of Andrew McCree brings significant uncertainty," they said.
dreamcatcher
- 16 Nov 2011 21:16
- 21 of 191
Sorry gibby, just seen you had posted here.
gibby - 16 Nov 2011 21:46 - 22 of 191
no problem dc keep posting - main reason i do not see lloy pulling the plug is that it is gov controlled - last thing gov needs now is 900 + redundancies - pension is in hand and a yearly payment schedule is in place - i am in at just over .2 & .3 - quietly confident of a quick turnround profit here over 20% shares traded today (mainly pis) and i believe circa 80% are in the hands of iis - this to me adds up to kerrrrrrrrrrrrchinnnnnnnnngggggggggggg quickly from these levels additionally barron @ peel hunt has reduced pre tax profit target today by 41% to 5.1M - note that is profit not a loss - total debt is only around 24M i believe but check that for yourself for peace of mind - gl if really lucky may get a quick multi bag of 2 to 3x - we'll see - hang on - where me rose tinted glasses gone.... :-)))))
gibby - 16 Nov 2011 21:50 - 23 of 191
936 employees &...
Institutional shareholdersMoversTop HoldersHolder Shares % Held
Schroder Investment Management Ltd.
as of 11 Aug 2011 269.40m 18.75%
M&G Investment Management Ltd.
as of 04 Oct 2011 252.25m 17.22%
J.O. Hambro Capital Management Ltd.
as of 11 Aug 2011 151.68m 11.04%
Invesco Asset Management Ltd.
as of 11 Aug 2011 115.28m 7.93%
GAM London Ltd.
as of 11 Aug 2011 97.45m 7.46%
Legal & General Investment Management Ltd.
as of 24 Aug 2011 92.97m 6.25%
Artemis Investment Management LLP
as of 11 Aug 2011 108.34m 6.01%
Henderson Global Investors Ltd.
as of 11 Aug 2011 67.53m 5.05%
Schroder Investment Management North America, Inc.
as of 01 Oct 2011 34.72m 2.20%
Herald Investment Management Ltd.
as of 01 Oct 2011 31.33m 2.16%
84.06%
Per cent of shares
held by top holders
good enough for me
Institutional shareholdersMoversTop HoldersHolder Shares % Held
Schroder Investment Management Ltd.
as of 11 Aug 2011 269.40m 18.75%
M&G Investment Management Ltd.
as of 04 Oct 2011 252.25m 17.22%
J.O. Hambro Capital Management Ltd.
as of 11 Aug 2011 151.68m 11.04%
Invesco Asset Management Ltd.
as of 11 Aug 2011 115.28m 7.93%
GAM London Ltd.
as of 11 Aug 2011 97.45m 7.46%
Legal & General Investment Management Ltd.
as of 24 Aug 2011 92.97m 6.25%
Artemis Investment Management LLP
as of 11 Aug 2011 108.34m 6.01%
Henderson Global Investors Ltd.
as of 11 Aug 2011 67.53m 5.05%
Schroder Investment Management North America, Inc.
as of 01 Oct 2011 34.72m 2.20%
Herald Investment Management Ltd.
as of 01 Oct 2011 31.33m 2.16%
84.06%
Per cent of shares
held by top holders
good enough for me
gibby - 17 Nov 2011 08:35 - 24 of 191
:-)
gibby - 17 Nov 2011 09:08 - 25 of 191
this great fun :-)))))))))))))))))))) lol
gibby - 17 Nov 2011 09:11 - 26 of 191
real price is .26 / .28 now lol
gibby - 17 Nov 2011 09:12 - 27 of 191
yeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
gibby - 17 Nov 2011 10:31 - 28 of 191
what a fantastic dayyyyyyyyyyyyyyyyyyyyyyyyyyyyy :-)))))))))))))))))))))
gibby - 17 Nov 2011 10:53 - 29 of 191
:-)) all the panic over lloy is making me smile - normal procedure and just aea being proactive - these opportunities dont arise every day.........
AEA has a three year bank facility expiring in November 2012,
which includes a 39.0 million (2010: 42.0 million) revolving
credit facility (including an overdraft facility of 7.0 million) to
manage periods of working capital fluctuation and a
5.0 million bonding facility to support the obligations of
members of the Group arising in the ordinary course of
business.
These banking facilities are sufficient to cover the Groups
anticipated funding requirements for the foreseeable future
and the Group would expect to re negotiate the banking
facilities during the calendar year 2011.
Net debt at 31 March 2011 was 28.3 million
(2010: 26.2 million). The detailed analysis of the Groups
borrowings is shown in note 27 to the Financial Statements
AEA has a three year bank facility expiring in November 2012,
which includes a 39.0 million (2010: 42.0 million) revolving
credit facility (including an overdraft facility of 7.0 million) to
manage periods of working capital fluctuation and a
5.0 million bonding facility to support the obligations of
members of the Group arising in the ordinary course of
business.
These banking facilities are sufficient to cover the Groups
anticipated funding requirements for the foreseeable future
and the Group would expect to re negotiate the banking
facilities during the calendar year 2011.
Net debt at 31 March 2011 was 28.3 million
(2010: 26.2 million). The detailed analysis of the Groups
borrowings is shown in note 27 to the Financial Statements
gibby - 17 Nov 2011 11:32 - 30 of 191
very strong buying - and lunchtime madness about to start!!!
gibby - 17 Nov 2011 12:19 - 31 of 191
looks genuine http://content.screencast.com/users/Harkin/folders/Default/media/d8f8a006-aa9b-44fd-9b90-a7a70f0b3e47/untitled.JPG
gibby - 17 Nov 2011 12:21 - 32 of 191
or
http://www.screencast.com/users/Harkin/folders/Default/media/d8f8a006-aa9b-44fd-9b90-a7a70f0b3e47
http://www.screencast.com/users/Harkin/folders/Default/media/d8f8a006-aa9b-44fd-9b90-a7a70f0b3e47
gibby - 17 Nov 2011 12:39 - 33 of 191
yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
gibby - 17 Nov 2011 13:21 - 34 of 191
lol lol lol
kerrrrrrrrrrrrrrrchinggggggggggggggggggggggggggggggggggg
roll on .5 :-)))))))))))))))))))))))))))))))))))))))))))) then 1p!!!!
kerrrrrrrrrrrrrrrchinggggggggggggggggggggggggggggggggggg
roll on .5 :-)))))))))))))))))))))))))))))))))))))))))))) then 1p!!!!
gibby - 17 Nov 2011 15:38 - 35 of 191
i would not wanna be otta aat at the next rns lol!!! which will be 30/11/11 or earlier
:-))))))
:-))))))
gibby - 17 Nov 2011 16:59 - 36 of 191
excellent day - roll on tomorrow :-))))))))))))))))))
gibby - 18 Nov 2011 09:13 - 37 of 191
lol lol got more just over .23 opportunity keeps knocking here!! :-)))
gibby - 18 Nov 2011 10:04 - 38 of 191
:-)))))))))))))))))))))))))
mitzy - 18 Nov 2011 11:26 - 39 of 191
waste of money.
gibby - 18 Nov 2011 11:51 - 40 of 191
lol mitzy - didnt realise you rated aat so highly :-))))
i am happy as trading on highs and lows - waiting for the next and keeping some back for the .5 to 1p recovery next week :-)))))))))))))))))))))
i am happy as trading on highs and lows - waiting for the next and keeping some back for the .5 to 1p recovery next week :-)))))))))))))))))))))
mitzy - 18 Nov 2011 12:33 - 41 of 191
good luck gibby.
gibby - 18 Nov 2011 13:54 - 42 of 191
cheers and you
mitzy - 18 Nov 2011 16:16 - 43 of 191
Schroders have 20%.
gibby - 18 Nov 2011 16:59 - 44 of 191
cheers - been great fun here today :-)))))))))))))))
gibby - 21 Nov 2011 08:40 - 45 of 191
worth keeping an eye on this one
gibby - 25 Nov 2011 07:05 - 46 of 191
i would not want to be out of aat this weekend lol
gibby - 25 Nov 2011 13:49 - 47 of 191
:-0
gibby - 28 Nov 2011 07:20 - 48 of 191
news by weds this week
gibby - 28 Nov 2011 09:41 - 49 of 191
:-)))
i would not want to be out of aat right this moment!!!
i would not want to be out of aat right this moment!!!
gibby - 28 Nov 2011 16:18 - 50 of 191
:-))
gibby - 28 Nov 2011 18:24 - 51 of 191
what a great day - i hope others profited also
mitzy - 28 Nov 2011 20:36 - 52 of 191
highly speculative punt but good luck.
gibby - 29 Nov 2011 06:42 - 53 of 191
thanks mitzy
this has treated me very kindly :-))
next rns is wednesday or earlier - everybody waiting on news the main news is due from lloys and other news
if positive i expect anything from .7p to 1p + here
i have already top sliced leaving rest running free
you are correct is more of a punt than an investment but i would expect more blue at least up to rns then much more if good news at least wont have to wait ages for news
cheers
resistance levels interesting
http://www.barchart.com/cheatsheet.php?sym=AAT.LS
this has treated me very kindly :-))
next rns is wednesday or earlier - everybody waiting on news the main news is due from lloys and other news
if positive i expect anything from .7p to 1p + here
i have already top sliced leaving rest running free
you are correct is more of a punt than an investment but i would expect more blue at least up to rns then much more if good news at least wont have to wait ages for news
cheers
resistance levels interesting
http://www.barchart.com/cheatsheet.php?sym=AAT.LS
gibby - 29 Nov 2011 08:13 - 54 of 191
yeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaa
:-))))))))))))))))))))))))))))))))))))))))
:-))))))))))))))))))))))))))))))))))))))))
gibby - 29 Nov 2011 12:41 - 55 of 191
http://www.4-traders.com/AEA-TECHNOLOGY-PLC-4001047/news/AEA-TECHNOLOGY-PLC-ODA-with-Cofely-GDF-Suez-win-CHPA-Award-sponsored-by-AEA-13911616/
gibby - 30 Nov 2011 07:31 - 56 of 191
two good rns out
Adacol - 30 Nov 2011 08:05 - 57 of 191
YYEEEEEEEEEEEEEEEEEAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHH!
KKKKKKKKKKKKEEEEEEEEEEEEEEEEERRRRRRRRCCCCCCCHHHHHHHHHIIIIIINNNNNNNNGGG!
Sorry I had it get in first!
KKKKKKKKKKKKEEEEEEEEEEEEEEEEERRRRRRRRCCCCCCCHHHHHHHHHIIIIIINNNNNNNNGGG!
Sorry I had it get in first!
skinny
- 30 Nov 2011 08:16
- 58 of 191
INTERIM RESULTS STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011
AEA Technology Group plc ('Group'), a leading technical, energy and sustainability consultancy, today announces its financial results for the six months ended 30 September 2011.
Orders up 84% to 73.0 million (2010: 39.6 million)
Revenue up 5% 53.3 million (2010: 50.6 million)
Adjusted operating profit up 10% 2.3 million (2010: 2.1 million) 1
Operating profit 0.2 million (2010: 6.7 million loss)
Adjusted profit before tax 1.0 million (2010: 1.1 million) 1
Loss before tax 2.1 million (2010: 8.8 million loss)
Net debt 34.3 million (30 September 2010: 31.7 million, 31 March 2011: 28.3 million)
Secured approval of Lloyds Banking Group to amend financial covenants for 2012 and allow continued access to the banking facility for the foreseeable future. The Directors expect to successfully renegotiate covenants for 2013 during 2012
John Lowry has been appointed as interim CEO (see separate announcement)
Order intake is showing positive progress throughout the Group; ERG $38.9 million 2, PPC $45.9 million, up 23% and Europe 20.1 million, up 32%
In the US we continue to win orders despite the current economic environment while in the UK market conditions remain tough but with some stability returning
The second half of the year will be impacted by a reduced forecast revenue and adjusted operating profit outturn at PPC, our Washington based operation. As reported previously, performance at ERG, our Boston based operation, and Europe remain in line with Management's expectations
Having announced on 16 November 2011 that the Group's adjusted operating profit for the current year would be significantly lower than the Board's expectations, the Board is firmly focused on improving profitability and managing cash flow
1 A reconciliation of adjusted operating profit and adjusted profit before tax is given below the Consolidated income statement.
2 No comparative information is available as the business was acquired in November 2010.
AEA Technology Group plc ('Group'), a leading technical, energy and sustainability consultancy, today announces its financial results for the six months ended 30 September 2011.
Orders up 84% to 73.0 million (2010: 39.6 million)
Revenue up 5% 53.3 million (2010: 50.6 million)
Adjusted operating profit up 10% 2.3 million (2010: 2.1 million) 1
Operating profit 0.2 million (2010: 6.7 million loss)
Adjusted profit before tax 1.0 million (2010: 1.1 million) 1
Loss before tax 2.1 million (2010: 8.8 million loss)
Net debt 34.3 million (30 September 2010: 31.7 million, 31 March 2011: 28.3 million)
Secured approval of Lloyds Banking Group to amend financial covenants for 2012 and allow continued access to the banking facility for the foreseeable future. The Directors expect to successfully renegotiate covenants for 2013 during 2012
John Lowry has been appointed as interim CEO (see separate announcement)
Order intake is showing positive progress throughout the Group; ERG $38.9 million 2, PPC $45.9 million, up 23% and Europe 20.1 million, up 32%
In the US we continue to win orders despite the current economic environment while in the UK market conditions remain tough but with some stability returning
The second half of the year will be impacted by a reduced forecast revenue and adjusted operating profit outturn at PPC, our Washington based operation. As reported previously, performance at ERG, our Boston based operation, and Europe remain in line with Management's expectations
Having announced on 16 November 2011 that the Group's adjusted operating profit for the current year would be significantly lower than the Board's expectations, the Board is firmly focused on improving profitability and managing cash flow
1 A reconciliation of adjusted operating profit and adjusted profit before tax is given below the Consolidated income statement.
2 No comparative information is available as the business was acquired in November 2010.
Adacol - 30 Nov 2011 11:07 - 59 of 191
Relentless buying now.....this is heading for 1p by the end of the week!
Got to be the easiest 50% profit ever even if you buy now!
Got to be the easiest 50% profit ever even if you buy now!
skinny
- 30 Nov 2011 12:57
- 60 of 191
Interest of Non-Executive Director
Share Purchase on behalf of Timothy Michael Robinson
AEA Technology Group plc announces that it was notified on 30 November 2011 that a total of 153,709 Ordinary Shares of one pence each in the Company were purchased on that date on behalf of Timothy Michael Robinson at a price of 0.676 pence per Share.
The purchase follows Mr Robinson's election to receive 100% of his net fees in the form of Ordinary Shares and has been made pursuant to an agreement on terms upon which Shares are purchased on his behalf on a regular basis in accordance with standing instructions.
Following this announcement the above named Director's beneficial interest in the Ordinary Shares of the Company is as follows:
Previous Holding 453,021
New Holding 606,730
% of Issued Share Capital 0.042%
Share Purchase on behalf of Timothy Michael Robinson
AEA Technology Group plc announces that it was notified on 30 November 2011 that a total of 153,709 Ordinary Shares of one pence each in the Company were purchased on that date on behalf of Timothy Michael Robinson at a price of 0.676 pence per Share.
The purchase follows Mr Robinson's election to receive 100% of his net fees in the form of Ordinary Shares and has been made pursuant to an agreement on terms upon which Shares are purchased on his behalf on a regular basis in accordance with standing instructions.
Following this announcement the above named Director's beneficial interest in the Ordinary Shares of the Company is as follows:
Previous Holding 453,021
New Holding 606,730
% of Issued Share Capital 0.042%
gibby - 01 Dec 2011 07:33 - 61 of 191
adacol - you are welcome :-))
gibby - 01 Dec 2011 07:35 - 62 of 191
adacol - my highest share buy was .23 - rest all below .2 on the dip - to say i am happy is an understatement - already top sliced + took some profit out also and left the rest running free as aat i believe will still hit 1p in the not too distant - hope you did well here too - i am guessing yes by the yeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaa :-))))))))))))))))))
gl
gl
skinny
- 01 Dec 2011 08:06
- 63 of 191
Out of extended auction +21.4%
Adacol - 01 Dec 2011 09:17 - 64 of 191
gibby - has got to be close to my most profitable share ever.....not far off breakeven for the year now...top sliced at .66 as got in at .25 but have left alot running until ?
gibby - 01 Dec 2011 21:22 - 65 of 191
adacol - good stuff - one of my best also - glad you've made good profits too - like you i am free running here - next target 1 to1.25, then ? either way massive bonus - we will see just how far in the fullness
bit more data not the broker target mean of 7.0 - i know brokers do not always get it right etc...
http://markets.investorschronicle.co.uk/research/Markets/Companies/Forecasts?YYY2070_dISnrfuDTVqlOAy+dExwLxUbd0cphKwNB05MmAZM9Jdo/4iLfe2ZBlXY9g71eU5dMaQmpTOJMUABCSkl8Bg2qg==
and lol i did a stupid buy into htt a few weeks back even that come good today - about to write that off!! made a mental note never to return to htt :-))))
hi skinny - i hope you made here also
have a good evening all
bit more data not the broker target mean of 7.0 - i know brokers do not always get it right etc...
http://markets.investorschronicle.co.uk/research/Markets/Companies/Forecasts?YYY2070_dISnrfuDTVqlOAy+dExwLxUbd0cphKwNB05MmAZM9Jdo/4iLfe2ZBlXY9g71eU5dMaQmpTOJMUABCSkl8Bg2qg==
and lol i did a stupid buy into htt a few weeks back even that come good today - about to write that off!! made a mental note never to return to htt :-))))
hi skinny - i hope you made here also
have a good evening all
skinny
- 01 Dec 2011 21:40
- 66 of 191
Yes - I bought on Tuesday and sold half today, I remember these from the tech boom days - sad to see how they have fallen.
gibby - 02 Dec 2011 12:42 - 67 of 191
good stuff skinny - good to hear it
yep its amazing these were once s now fractions of a pence - having said that good buy in price at the moment to anyone new - good firm order book and loads in the pipeline around $1b + i believe - some of these tenders especially gov contracts take around 10 / 12 months to complete and the good news is that many of these contracts are not that far away from completing - i serioulsy expect 1p + next week and maybe even contract win rns's not far off too - gl
yep its amazing these were once s now fractions of a pence - having said that good buy in price at the moment to anyone new - good firm order book and loads in the pipeline around $1b + i believe - some of these tenders especially gov contracts take around 10 / 12 months to complete and the good news is that many of these contracts are not that far away from completing - i serioulsy expect 1p + next week and maybe even contract win rns's not far off too - gl
Adacol - 02 Dec 2011 14:05 - 68 of 191
These are good to trade as well.
Sold some this morning at 0.782 and bought back again at 0.66!
See what this afternoon brings....
Sold some this morning at 0.782 and bought back again at 0.66!
See what this afternoon brings....
gibby - 02 Dec 2011 14:21 - 69 of 191
well done - lots of buys right now :-))
Adacol - 02 Dec 2011 15:42 - 70 of 191
It has got to be done........
You do not want to be out of AAT over the weekend!!!
Got to be loads of newspaper talk over the weekend.....Monday should start with an upwards bang!
You do not want to be out of AAT over the weekend!!!
Got to be loads of newspaper talk over the weekend.....Monday should start with an upwards bang!
BAYLIS
- 02 Dec 2011 21:08
- 71 of 191
skinny
- 03 Dec 2011 10:07
- 72 of 191
BAYLIS
- 05 Dec 2011 19:56
- 73 of 191
Cheers skinny
skinny
- 07 Dec 2011 15:10
- 74 of 191
RNS Number : 5479T
AEA Technology Group PLC
07 December 2011
07 December 2011
AEA Technology Group plc
("the Company")
Holdings in Company
AEA Technology Group plc (the Company) announces that it has been notified by Invesco Limited that Invesco has disposed of its entire holding in the Company.
For further information please contact Jenny Owen on +44 (0)870 190 8145.
ENDS
AEA Technology Group PLC
07 December 2011
07 December 2011
AEA Technology Group plc
("the Company")
Holdings in Company
AEA Technology Group plc (the Company) announces that it has been notified by Invesco Limited that Invesco has disposed of its entire holding in the Company.
For further information please contact Jenny Owen on +44 (0)870 190 8145.
ENDS
gibby - 11 Dec 2011 00:07 - 75 of 191
dudes i was in out and top sliliced big gl
gibby - 22 Dec 2011 15:50 - 76 of 191
12/22/2011 | 08:46 am
AEA Technology PLC : ERG supports High-Level Strategy to Restore Gulf of Mexico Ecosystems
ERG, part of the AEA group, supported the US Environmental Protection Agency (EPA) and other members of a high-level Task Force in the development of an important restoration strategy for the Gulf of Mexico.
Using an ERG-produced video presentation, Task Force Chair and EPA Administrator Lisa Jackson presented the strategy at the 2011 State of the Gulf of Mexico Summit in Houston Texas. The Task Force delivered the final strategy on Friday 2 December 2011 to President Barack Obama.
The Gulf Coast Ecosystem Restoration Task Force was created by President Obama through an Executive Order on October 5, 2010. It is made up of representatives from the five Gulf States and 11 federal agencies. ERG provided extensive support to the Task Force in developing the strategy document, incorporating public comments and producing the final printed strategy and accompanying video.
The strategy represents an unprecedented collaboration to prepare the Gulf region to address the decades-long challenges to the Gulf's ecosystems.
Learn more about Gulf of Mexico Regional Ecosystem Restoration Strategy athttp://www.epa.gov/gulfcoasttaskforce
Find out more about AEA's North American locations and operationshere.
AEA Technology PLC : ERG supports High-Level Strategy to Restore Gulf of Mexico Ecosystems
ERG, part of the AEA group, supported the US Environmental Protection Agency (EPA) and other members of a high-level Task Force in the development of an important restoration strategy for the Gulf of Mexico.
Using an ERG-produced video presentation, Task Force Chair and EPA Administrator Lisa Jackson presented the strategy at the 2011 State of the Gulf of Mexico Summit in Houston Texas. The Task Force delivered the final strategy on Friday 2 December 2011 to President Barack Obama.
The Gulf Coast Ecosystem Restoration Task Force was created by President Obama through an Executive Order on October 5, 2010. It is made up of representatives from the five Gulf States and 11 federal agencies. ERG provided extensive support to the Task Force in developing the strategy document, incorporating public comments and producing the final printed strategy and accompanying video.
The strategy represents an unprecedented collaboration to prepare the Gulf region to address the decades-long challenges to the Gulf's ecosystems.
Learn more about Gulf of Mexico Regional Ecosystem Restoration Strategy athttp://www.epa.gov/gulfcoasttaskforce
Find out more about AEA's North American locations and operationshere.
gibby - 28 Dec 2011 18:49 - 77 of 191
current peel hunt....
'AEA Technology: Peel Hunt keeps hold, target doubled from 1p to 2p.'
'AEA Technology: Peel Hunt keeps hold, target doubled from 1p to 2p.'
gibby - 29 Dec 2011 15:08 - 78 of 191
:-)))))))))))))))))
gibby - 30 Dec 2011 07:08 - 79 of 191
might be interesting here today - we'll see
gibby - 03 Jan 2012 08:19 - 80 of 191
The Department of Energy and Climate Change (DECC) has published a new report that assesses the performance of Climate Change Agreement (CCA) participants in 2010. Written by AEA, the report shows that energy-intensive businesses continue to reduce energy related CO2 emissions in response to CCAs.
Fifty-four separate sectors have CCAs, including a range of processes from certain agricultural activities through to complex and very energy intensive industrial activities such as the manufacture of primary steel. CCAs provide agreement holders with a 65% reduction on the Climate Change Levy (CCL) on qualifying energy use in exchange for meeting challenging energy efficiency targets.
The results, produced by AEA, DECC's technical advisers on CCAs since the scheme started in 2001, show that energy-intensive businesses, in aggregate, reduced their energy related CO2 emissions by 28.5 million tonnes last year, measured relative to base year. This reduction is the result of improvements in energy efficiency and falls in the level of activity in the steel sector.
When falls in the level of activity in the steel sector are taken into account, a challenging CO2 reduction target of 25.8 million tonnes was set for the participating 54 sectors for 2010, relative to base year. In aggregate, the participating sectors exceeded their targets by 2.6 million tonnes of CO2 (rounded).
This is the fifth biennial report compiled by AEA on the current CCA scheme.
Other key findings from the 2010 analysis include:
•After all trading activities within the UK Emissions Trading Scheme (UK ETS) were taken into account, 38 of the 54 sectors met their targets.
•All but one of the facilities reporting performance in the remaining 16 sectors had their CCAs renewed because they met their individual facility targets.
•9,634 individual facilities qualified for having their CCAs renewed until 31st March 2013.
•Generally there was continued improvement across the sectors.
Commenting on performance, report author Richard Hodges said: "Overall, sectors with CCAs continue to improve the efficiency with which they use energy. However, in some sectors, in recent years, we have seen a slowing in the rate of improvement. As AEA continues to work with DECC on the implementation of the scheme post 2013, we will seek to make sure that CCAs work efficiently with other climate change instruments and continue to drive improvements in energy efficiency, in particular by incentivising projects with longer paybacks."
Fifty-four separate sectors have CCAs, including a range of processes from certain agricultural activities through to complex and very energy intensive industrial activities such as the manufacture of primary steel. CCAs provide agreement holders with a 65% reduction on the Climate Change Levy (CCL) on qualifying energy use in exchange for meeting challenging energy efficiency targets.
The results, produced by AEA, DECC's technical advisers on CCAs since the scheme started in 2001, show that energy-intensive businesses, in aggregate, reduced their energy related CO2 emissions by 28.5 million tonnes last year, measured relative to base year. This reduction is the result of improvements in energy efficiency and falls in the level of activity in the steel sector.
When falls in the level of activity in the steel sector are taken into account, a challenging CO2 reduction target of 25.8 million tonnes was set for the participating 54 sectors for 2010, relative to base year. In aggregate, the participating sectors exceeded their targets by 2.6 million tonnes of CO2 (rounded).
This is the fifth biennial report compiled by AEA on the current CCA scheme.
Other key findings from the 2010 analysis include:
•After all trading activities within the UK Emissions Trading Scheme (UK ETS) were taken into account, 38 of the 54 sectors met their targets.
•All but one of the facilities reporting performance in the remaining 16 sectors had their CCAs renewed because they met their individual facility targets.
•9,634 individual facilities qualified for having their CCAs renewed until 31st March 2013.
•Generally there was continued improvement across the sectors.
Commenting on performance, report author Richard Hodges said: "Overall, sectors with CCAs continue to improve the efficiency with which they use energy. However, in some sectors, in recent years, we have seen a slowing in the rate of improvement. As AEA continues to work with DECC on the implementation of the scheme post 2013, we will seek to make sure that CCAs work efficiently with other climate change instruments and continue to drive improvements in energy efficiency, in particular by incentivising projects with longer paybacks."
gibby - 17 Jan 2012 13:53 - 81 of 191
roll on the contract wins!! :-))
ahoj
- 17 Jan 2012 16:04
- 82 of 191
Do you hold these?
I bought at 2p, but never added! What do you think?
I bought at 2p, but never added! What do you think?
gibby - 17 Jan 2012 17:51 - 83 of 191
yes i do - but not at 2p - that is my target! i added more here today - in your situation i would just sit tight and wait - you must have been unlucky to end up with an average of 2p or held from long ago
i do not think 1p will be more than 2/3 months away - maybe much less - the contracts at aea are usually complex and often have to go through regulatory due dilligence first as an example their customers in europe will often be tied to eu directives such as ojeu & ojec which slows the tenders - average tender for aea is 9 months - however the good news is that they have at least $1.2 Billion pipeline tenders of varying values dating back from october 2011 - so they are already at least 4 months into the process and a reasonable amount of this is several months (at least 2/3 months +) started prior to october 2011 - so if you get my drift there will be a regular flow of news coming each time adding value to the company - the new US acquisition is flying - i believe currently exceeding targets so the 1p should not be far away and 2p + maybe this year - we will see
currently aea is under a lot of peoples radar as many dont know which is why i am adding on weakness
stick with it - the main hurdle ref banking covenants has been passed and agreed with lloyds backing aea - and trust me after the due dilligence they require they do not lend lightly - i expect aea to be a very good perfomer this year and multi bag off these levels
gl
i do not think 1p will be more than 2/3 months away - maybe much less - the contracts at aea are usually complex and often have to go through regulatory due dilligence first as an example their customers in europe will often be tied to eu directives such as ojeu & ojec which slows the tenders - average tender for aea is 9 months - however the good news is that they have at least $1.2 Billion pipeline tenders of varying values dating back from october 2011 - so they are already at least 4 months into the process and a reasonable amount of this is several months (at least 2/3 months +) started prior to october 2011 - so if you get my drift there will be a regular flow of news coming each time adding value to the company - the new US acquisition is flying - i believe currently exceeding targets so the 1p should not be far away and 2p + maybe this year - we will see
currently aea is under a lot of peoples radar as many dont know which is why i am adding on weakness
stick with it - the main hurdle ref banking covenants has been passed and agreed with lloyds backing aea - and trust me after the due dilligence they require they do not lend lightly - i expect aea to be a very good perfomer this year and multi bag off these levels
gl
gibby - 17 Jan 2012 17:52 - 84 of 191
you may want to seriously average down while you can too and make your exit a bit more easier to achieve
gibby - 19 Jan 2012 15:12 - 85 of 191
not a bad day here - bit of blue each day before next news suit me :-))
ahoj
- 19 Jan 2012 15:23
- 86 of 191
I started o add- will jump in if the volume rise a bit
gibby - 19 Jan 2012 20:49 - 87 of 191
good stuff ahoj - i am seriously confident of aat coming good off these levels
gibby - 20 Jan 2012 07:40 - 88 of 191
well this contract win according to aea www was dated yesterday but no rns release? i will contact the company and find out why - still good news though:
http://www.aeat.com/cms/aea-wins-contract-to-deliver-national-emissions-inventory-for-uk-government-2
£4.5M contract from http://naei.defra.gov.uk/
:-)))
http://www.aeat.com/cms/aea-wins-contract-to-deliver-national-emissions-inventory-for-uk-government-2
£4.5M contract from http://naei.defra.gov.uk/
:-)))
gibby - 20 Jan 2012 07:42 - 89 of 191
urgent email sent to investor relations.............
----- Original Message -----
From: xxxxxxxxxxxx
To: nharris@irfocus.co.uk
Sent: Friday, January 20, 2012 7:39 AM
Subject: AEA Contract Wins - London Stock Exchange RNS required but not released yet?
Good morning Neville,
Can you help urgently please - it appears share price sensitive information is being released through the AEA website but no news released to the London Stock Exchange via an RNS - can this be urgently reviewed and explained?
My belief is these contract wins will affect share price especially for example the latest which is a Government agency contract (http://naei.defra.gov.uk/) via the OJEU process.
This is urgent please and a response this morning would be appreciated. Details of latest win from yesterday pasted below and I believe there is another win of around £8M some days ago?
Kind regards,
xxxxxxxxxxxxxxxx
http://www.aeat.com/cms/aea-wins-contract-to-deliver-national-emissions-inventory-for-uk-government-2
AEA wins contract to deliver National Emissions Inventory for UK Government
Defra and DECC have awarded AEA a three year, £4.5 million contract to deliver the UK’s National Atmospheric Emissions Inventory (NAEI).
Under the contract AEA will lead a team of UK experts in the production of detailed estimates of UK air pollutants and greenhouse gas emissions. The inventory will include emissions arising from a wide range of polluting sources such as motor vehicles, power stations, industrial and commercial facilities, as well as agriculture.
The NAEI comprises two major inventories – the UK’s Air Quality Pollutant Inventory and the UK’s Greenhouse Gas Inventory. Together these inventories form the key scientific evidence base that allows the UK to check compliance against its legal obligations, while also providing insights into ways to reduce the impact of human activities on our environment and health.
“AEA has acted as the UK’s National Inventory Agency for over 20 years,” explained AEA’s Air and Environmental Quality Practice Director Geoff Dollard. “We are delighted to continue to lead this work on behalf of UK plc. The NAEI provides the underpinning data set against which progress is measured on a number of key environmental policies.
“For example, having a reliable evidence base for greenhouse gas emissions will be critical to help demonstrate the UK’s progress against climate change targets” he said.
“AEA’s continued leadership will ensure that the NAEI continues as one of the world’s foremost emissions inventories, ensuring high quality content and delivery across a period of time, as key compliance years approach, when the inventories will come under intense scrutiny.”
In the delivery of this contract, AEA complements its own world leading expertise with a team of partners including Aether, AMEC, SKM Enviros and CEH.
For more information on the NAEI, visit: http://naei.defra.gov.uk/
Find out more about AEA’s Air and Environmental Quality work here
----- Original Message -----
From: xxxxxxxxxxxx
To: nharris@irfocus.co.uk
Sent: Friday, January 20, 2012 7:39 AM
Subject: AEA Contract Wins - London Stock Exchange RNS required but not released yet?
Good morning Neville,
Can you help urgently please - it appears share price sensitive information is being released through the AEA website but no news released to the London Stock Exchange via an RNS - can this be urgently reviewed and explained?
My belief is these contract wins will affect share price especially for example the latest which is a Government agency contract (http://naei.defra.gov.uk/) via the OJEU process.
This is urgent please and a response this morning would be appreciated. Details of latest win from yesterday pasted below and I believe there is another win of around £8M some days ago?
Kind regards,
xxxxxxxxxxxxxxxx
http://www.aeat.com/cms/aea-wins-contract-to-deliver-national-emissions-inventory-for-uk-government-2
AEA wins contract to deliver National Emissions Inventory for UK Government
Defra and DECC have awarded AEA a three year, £4.5 million contract to deliver the UK’s National Atmospheric Emissions Inventory (NAEI).
Under the contract AEA will lead a team of UK experts in the production of detailed estimates of UK air pollutants and greenhouse gas emissions. The inventory will include emissions arising from a wide range of polluting sources such as motor vehicles, power stations, industrial and commercial facilities, as well as agriculture.
The NAEI comprises two major inventories – the UK’s Air Quality Pollutant Inventory and the UK’s Greenhouse Gas Inventory. Together these inventories form the key scientific evidence base that allows the UK to check compliance against its legal obligations, while also providing insights into ways to reduce the impact of human activities on our environment and health.
“AEA has acted as the UK’s National Inventory Agency for over 20 years,” explained AEA’s Air and Environmental Quality Practice Director Geoff Dollard. “We are delighted to continue to lead this work on behalf of UK plc. The NAEI provides the underpinning data set against which progress is measured on a number of key environmental policies.
“For example, having a reliable evidence base for greenhouse gas emissions will be critical to help demonstrate the UK’s progress against climate change targets” he said.
“AEA’s continued leadership will ensure that the NAEI continues as one of the world’s foremost emissions inventories, ensuring high quality content and delivery across a period of time, as key compliance years approach, when the inventories will come under intense scrutiny.”
In the delivery of this contract, AEA complements its own world leading expertise with a team of partners including Aether, AMEC, SKM Enviros and CEH.
For more information on the NAEI, visit: http://naei.defra.gov.uk/
Find out more about AEA’s Air and Environmental Quality work here
ahoj
- 20 Jan 2012 09:40
- 90 of 191
Thank you. I think it is motoring slowly..
gibby - 20 Jan 2012 09:42 - 91 of 191
ahoj - you are welcome - some good buys coming in as they should :-))
gibby - 20 Jan 2012 09:45 - 92 of 191
a lot of people just dont seem to realise that the $1.2billion pipeline orders that can take 9/10 months for the tender and evaluation process to be completed are being won all the time - many of these contracts are 4 months + into the process or as seen by yesterdays win even further - this has slipped under many peoples radar imo and this sp is a real bargain!! gl
skinny
- 20 Jan 2012 16:33
- 93 of 191
Released at 16:29!
Trading Statement.
The Board of AEA announces today that PPC, our Washington based business has encountered further delays to orders and contract losses which will reduce revenue in the current year. This will have a significant adverse impact on adjusted Group operating profit for the year ending 31st March 2012.
Performance at ERG, the Boston based business and AEA Europe remain broadly in line with expectations.
Lloyds Bank, the sole banker to the Group, remains supportive.
Trading Statement.
The Board of AEA announces today that PPC, our Washington based business has encountered further delays to orders and contract losses which will reduce revenue in the current year. This will have a significant adverse impact on adjusted Group operating profit for the year ending 31st March 2012.
Performance at ERG, the Boston based business and AEA Europe remain broadly in line with expectations.
Lloyds Bank, the sole banker to the Group, remains supportive.
skinny
- 20 Jan 2012 16:43
- 94 of 191
Still in extended auction.
mnamreh - 20 Jan 2012 19:25 - 95 of 191
.
skinny
- 20 Jan 2012 21:23
- 96 of 191
No - cruxifiction on Monday I'd guess!
ahoj
- 21 Jan 2012 13:46
- 97 of 191
How much revenue comes from there?
What was expected if the best scenario?
What was expected if the best scenario?
gibby - 22 Jan 2012 17:29 - 98 of 191
well i have reviewed the friday rns - annoying as it is - i think the blow was probably hinted at in the nov 2011 rns copied below - ppc revenue (ppc order intake is in below rns) - i will review that however at least it appears to be only 1 division affected......
Wed, 30th Nov 2011 07:00RNS Number : 0173T
AEA Technology Group PLC
30 November 2011
AEA TECHNOLOGY GROUP PLC
INTERIM RESULTS STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011
AEA Technology Group plc ('Group'), a leading technical, energy and sustainability consultancy, today announces its financial results for the six months ended 30 September 2011.
· Orders up 84% to £73.0 million (2010: £39.6 million)
· Revenue up 5% £53.3 million (2010: £50.6 million)
· Adjusted operating profit up 10% £2.3 million (2010: £2.1 million) 1
· Operating profit £0.2 million (2010: £6.7 million loss)
· Adjusted profit before tax £1.0 million (2010: £1.1 million) 1
· Loss before tax £2.1 million (2010: £8.8 million loss)
· Net debt £34.3 million (30 September 2010: £31.7 million, 31 March 2011: £28.3 million)
· Secured approval of Lloyds Banking Group to amend financial covenants for 2012 and allow continued access to the banking facility for the foreseeable future. The Directors expect to successfully renegotiate covenants for 2013 during 2012
· John Lowry has been appointed as interim CEO (see separate announcement)
· Order intake is showing positive progress throughout the Group; ERG $38.9 million 2, PPC $45.9 million, up 23% and Europe £20.1 million, up 32%
· In the US we continue to win orders despite the current economic environment while in the UK market conditions remain tough but with some stability returning
· The second half of the year will be impacted by a reduced forecast revenue and adjusted operating profit outturn at PPC, our Washington based operation. As reported previously, performance at ERG, our Boston based operation, and Europe remain in line with Management's expectations
· Having announced on 16 November 2011 that the Group's adjusted operating profit for the current year would be significantly lower than the Board's expectations, the Board is firmly focused on improving profitability and managing cash flow
1 A reconciliation of adjusted operating profit and adjusted profit before tax is given below the Consolidated income statement.
2 No comparative information is available as the business was acquired in November 2010.
Dr Paul Golby CBE, Chairman of AEA Technology Group plc, said:
"After a first half in line with our expectations, it is disappointing that a reduced revenue and adjusted operating profit outturn will impact the second half of the current financial year.
However, I am pleased to report that Lloyds Banking Group have now agreed financial covenants for 2012, giving the Group access to its existing facility for the foreseeable future. The Directors expect to
so perhaps this ppc latest rns really isnt much of a shock after all!?
Wed, 30th Nov 2011 07:00RNS Number : 0173T
AEA Technology Group PLC
30 November 2011
AEA TECHNOLOGY GROUP PLC
INTERIM RESULTS STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011
AEA Technology Group plc ('Group'), a leading technical, energy and sustainability consultancy, today announces its financial results for the six months ended 30 September 2011.
· Orders up 84% to £73.0 million (2010: £39.6 million)
· Revenue up 5% £53.3 million (2010: £50.6 million)
· Adjusted operating profit up 10% £2.3 million (2010: £2.1 million) 1
· Operating profit £0.2 million (2010: £6.7 million loss)
· Adjusted profit before tax £1.0 million (2010: £1.1 million) 1
· Loss before tax £2.1 million (2010: £8.8 million loss)
· Net debt £34.3 million (30 September 2010: £31.7 million, 31 March 2011: £28.3 million)
· Secured approval of Lloyds Banking Group to amend financial covenants for 2012 and allow continued access to the banking facility for the foreseeable future. The Directors expect to successfully renegotiate covenants for 2013 during 2012
· John Lowry has been appointed as interim CEO (see separate announcement)
· Order intake is showing positive progress throughout the Group; ERG $38.9 million 2, PPC $45.9 million, up 23% and Europe £20.1 million, up 32%
· In the US we continue to win orders despite the current economic environment while in the UK market conditions remain tough but with some stability returning
· The second half of the year will be impacted by a reduced forecast revenue and adjusted operating profit outturn at PPC, our Washington based operation. As reported previously, performance at ERG, our Boston based operation, and Europe remain in line with Management's expectations
· Having announced on 16 November 2011 that the Group's adjusted operating profit for the current year would be significantly lower than the Board's expectations, the Board is firmly focused on improving profitability and managing cash flow
1 A reconciliation of adjusted operating profit and adjusted profit before tax is given below the Consolidated income statement.
2 No comparative information is available as the business was acquired in November 2010.
Dr Paul Golby CBE, Chairman of AEA Technology Group plc, said:
"After a first half in line with our expectations, it is disappointing that a reduced revenue and adjusted operating profit outturn will impact the second half of the current financial year.
However, I am pleased to report that Lloyds Banking Group have now agreed financial covenants for 2012, giving the Group access to its existing facility for the foreseeable future. The Directors expect to
so perhaps this ppc latest rns really isnt much of a shock after all!?
mnamreh - 23 Jan 2012 08:06 - 99 of 191
.
mnamreh - 23 Jan 2012 08:06 - 100 of 191
.
mnamreh - 23 Jan 2012 08:09 - 101 of 191
.
gibby - 23 Jan 2012 09:12 - 102 of 191
lol
gibby - 30 Jan 2012 20:26 - 103 of 191
next rns news due here mid feb i believe
skinny
- 31 Jan 2012 16:09
- 104 of 191
RNS Number : 5068W
AEA Technology Group PLC
31 January 2012
AEA Technology Group plc
Interest of Non-Executive Director
Share Purchase on behalf of Timothy Michael Robinson
AEA Technology Group plc announces that it was notified on 31 January 2012 that a total of 315,675 Ordinary Shares of one pence each in the Company were purchased on that date on behalf of Timothy Michael Robinson at a price of 0.329 pence per Share.
The purchase follows Mr Robinson's election to receive 100% of his net fees in the form of Ordinary Shares and has been made pursuant to an agreement on terms upon which Shares are purchased on his behalf on a regular basis in accordance with standing instructions.
Following this announcement the above named Director's beneficial interest in the Ordinary Shares of the Company is as follows:
Previous Holding New Holding % of Issued Share
Capital
825,436 1,141,111 0.078%
AEA Technology Group PLC
31 January 2012
AEA Technology Group plc
Interest of Non-Executive Director
Share Purchase on behalf of Timothy Michael Robinson
AEA Technology Group plc announces that it was notified on 31 January 2012 that a total of 315,675 Ordinary Shares of one pence each in the Company were purchased on that date on behalf of Timothy Michael Robinson at a price of 0.329 pence per Share.
The purchase follows Mr Robinson's election to receive 100% of his net fees in the form of Ordinary Shares and has been made pursuant to an agreement on terms upon which Shares are purchased on his behalf on a regular basis in accordance with standing instructions.
Following this announcement the above named Director's beneficial interest in the Ordinary Shares of the Company is as follows:
Previous Holding New Holding % of Issued Share
Capital
825,436 1,141,111 0.078%
skinny
- 31 Jan 2012 18:38
- 105 of 191
Another late RNS - Schroders 12% -> 11%
gibby - 31 Jan 2012 21:09 - 106 of 191
ah well another small step
skinny
- 17 Feb 2012 07:12
- 107 of 191
RNS Number : 5951X
AEA Technology Group PLC
17 February 2012
AEA TECHNOLOGY GROUP PLC ("AEA" or "Group") INTERIM MANAGEMENT STATEMENT The Board of AEA Technology Group plc, today announces its Interim Management Statement for the period 1 October 2011 to date in accordance with the FSA's Disclosure and Transparency Directive ruling under DTR 4.3 As previously announced, second half results for the year ending 31 March 2012 are expected to be adversely impacted by a reduced forecast outturn in PPC, our Washington based subsidiary, due to the late placement of some orders and some expected orders not being won. A new management team is in place and clearly focused on improving our operations and commercial capabilities.
Performances at ERG, our Boston based business, and AEA Europe have remained broadly in line with expectations since the half year. Both ERG and AEA Europe have continued to win new business as expected with further orders won from both UK and US government departments. John Lowry, our Interim Chief Executive Officer appointed on 2 December 2011, has begun a number of actions to improve operational efficiency across the business.
A new Group Executive has been formed comprising the Group Interim Chief Executive Officer and Chief Financial Officer and the chief executive officers and chief financial officers of the Group's operating businesses. With input from advisers and the continuing support of the Group's bank, the Group Executive will complete a new strategy and business plan early in the new financial year which will ensure that the Group leverages its intellectual property, knowledge and skill base to maximum advantage across all Group operations.
The work on the triennial valuation of the pension scheme as at 31 March 2011 remains ongoing.
Lloyds Bank, the sole banker to the Group, remains supportive.
Outlook
Overall, trading for the Group remains in line with expectations set at the time of our last trading update on 20 January 2012.
END
For further information: Dr Paul Golby Chairman 0870 190 8137 John Lowry Interim CEO 0870 190 8137 IR Focus Neville Harris 020 7593 4015
Important Information
Statements contained in this Interim Management Statement are based on the knowledge and information available to the Company's directors at the date it was prepared and therefore the facts stated and views expressed may change after that date. By their nature, the statements concerning the risks and uncertainties facing the Company in this statement involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. To the extent that this statement contains any statement dealing with any time after the date of its preparation such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur. The Company undertakes no obligation to update these forward looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AEA Technology Group PLC
17 February 2012
AEA TECHNOLOGY GROUP PLC ("AEA" or "Group") INTERIM MANAGEMENT STATEMENT The Board of AEA Technology Group plc, today announces its Interim Management Statement for the period 1 October 2011 to date in accordance with the FSA's Disclosure and Transparency Directive ruling under DTR 4.3 As previously announced, second half results for the year ending 31 March 2012 are expected to be adversely impacted by a reduced forecast outturn in PPC, our Washington based subsidiary, due to the late placement of some orders and some expected orders not being won. A new management team is in place and clearly focused on improving our operations and commercial capabilities.
Performances at ERG, our Boston based business, and AEA Europe have remained broadly in line with expectations since the half year. Both ERG and AEA Europe have continued to win new business as expected with further orders won from both UK and US government departments. John Lowry, our Interim Chief Executive Officer appointed on 2 December 2011, has begun a number of actions to improve operational efficiency across the business.
A new Group Executive has been formed comprising the Group Interim Chief Executive Officer and Chief Financial Officer and the chief executive officers and chief financial officers of the Group's operating businesses. With input from advisers and the continuing support of the Group's bank, the Group Executive will complete a new strategy and business plan early in the new financial year which will ensure that the Group leverages its intellectual property, knowledge and skill base to maximum advantage across all Group operations.
The work on the triennial valuation of the pension scheme as at 31 March 2011 remains ongoing.
Lloyds Bank, the sole banker to the Group, remains supportive.
Outlook
Overall, trading for the Group remains in line with expectations set at the time of our last trading update on 20 January 2012.
END
For further information: Dr Paul Golby Chairman 0870 190 8137 John Lowry Interim CEO 0870 190 8137 IR Focus Neville Harris 020 7593 4015
Important Information
Statements contained in this Interim Management Statement are based on the knowledge and information available to the Company's directors at the date it was prepared and therefore the facts stated and views expressed may change after that date. By their nature, the statements concerning the risks and uncertainties facing the Company in this statement involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. To the extent that this statement contains any statement dealing with any time after the date of its preparation such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur. The Company undertakes no obligation to update these forward looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
dreamcatcher
- 25 Apr 2012 08:43
- 108 of 191
Jumped in here this morning. :-))
dreamcatcher
- 25 Apr 2012 08:49
- 109 of 191
dreamcatcher
- 25 Apr 2012 08:51
- 110 of 191
Sold on the slide.
ahoj
- 25 Apr 2012 08:54
- 111 of 191
Why the rise?
Volume is the highest for long time. Are you buying?
Volume is the highest for long time. Are you buying?
skinny
- 25 Apr 2012 08:55
- 112 of 191
Rumours of a contract win. Could just be smoke and mirrors!
dreamcatcher
- 25 Apr 2012 08:55
- 113 of 191
Just sold mine for 0.38. Just jumped in blind.
dreamcatcher
- 25 Apr 2012 09:01
- 114 of 191
A pump and dump.
dreamcatcher
- 25 Apr 2012 09:17
- 115 of 191
What way will it go now, buying slowed.
dreamcatcher
- 25 Apr 2012 09:19
- 116 of 191
Back in at 0.34
gibby - 25 Apr 2012 09:24 - 117 of 191
dc - well done - been here for a while waiting for a day like this - sold some keeping rest - an rns is due before the end of this month - i think everyone waiting to see what impact the new guy in charge has had so far - he is a turnaround specialist with a very good cv and he would not want to see a failure added to his cv as would not be good for his massive ego lol!! and there is rumour of a big contract win - US i believe - GL
dreamcatcher
- 25 Apr 2012 09:33
- 118 of 191
Looks good gibby.
mamborico - 25 Apr 2012 10:43 - 119 of 191
dreamcatcher
dreamcatcher - 25 Apr 2012 08:43 - 108 of 118
Jumped in here this morning. :-))
----------
dreamcatcher - 25 Apr 2012 08:51 - 110 of 118
Sold on the slide.
-----------
dreamcatcher - 25 Apr 2012 08:55 - 113 of 118
Just sold mine for 0.38. Just jumped in blind.
-------------
dreamcatcher - 25 Apr 2012 09:01 - 114 of 118
A pump and dump.
--------
dreamcatcher - 25 Apr 2012 09:19 - 116 of 118
Back in at 0.34
-------------
Are you sure what are you doing?
you forgot to say what price got in first
and as soon as you sold said .......pump and dump
and then back in again
what kind of a fool you are?
dreamcatcher - 25 Apr 2012 08:43 - 108 of 118
Jumped in here this morning. :-))
----------
dreamcatcher - 25 Apr 2012 08:51 - 110 of 118
Sold on the slide.
-----------
dreamcatcher - 25 Apr 2012 08:55 - 113 of 118
Just sold mine for 0.38. Just jumped in blind.
-------------
dreamcatcher - 25 Apr 2012 09:01 - 114 of 118
A pump and dump.
--------
dreamcatcher - 25 Apr 2012 09:19 - 116 of 118
Back in at 0.34
-------------
Are you sure what are you doing?
you forgot to say what price got in first
and as soon as you sold said .......pump and dump
and then back in again
what kind of a fool you are?
dreamcatcher
- 25 Apr 2012 10:46
- 120 of 191
Fool ? Only put SOME of the PROFIT back in. Think you are the fool.
dreamcatcher
- 25 Apr 2012 10:50
- 121 of 191
Fool - that just made a very nice weeks wage. A fool hmmmmmmmmmmm
mamborico - 25 Apr 2012 11:03 - 122 of 191
A fool is a person that as soon as sell then say ........PUMP and DUMP
pretty clear to me and to anybody but the fool ......... dreamcatcher
you forgot to say the price you got in first.
one can still make pennies and be a .............fool
pretty clear to me and to anybody but the fool ......... dreamcatcher
you forgot to say the price you got in first.
one can still make pennies and be a .............fool
dreamcatcher
- 25 Apr 2012 11:06
- 123 of 191
My business, sorry.
mamborico - 25 Apr 2012 11:15 - 124 of 191
do not advertise it then ............fool
pretty clear .........big mouth but not trousers
pretty clear .........big mouth but not trousers
dreamcatcher
- 25 Apr 2012 11:15
- 125 of 191
Gather you missed this. lol
dreamcatcher
- 25 Apr 2012 11:17
- 126 of 191
Having a bad day are we .
mamborico - 25 Apr 2012 11:21 - 127 of 191
I did not I am a holder since early March, and did noticed for the last couple days moving up with volume,
but surprise this morning the big move up,
there was rumours yesterday of a US contract on the way
but surprise this morning the big move up,
there was rumours yesterday of a US contract on the way
dreamcatcher
- 25 Apr 2012 11:27
- 128 of 191
I apologize for stating pump and dump, as it looked like it was with no news. I see several posters have since put possible news, hence buying back in.
mamborico - 25 Apr 2012 11:32 - 129 of 191
Volume of 165M by 11.30am but 100M by 9 am, so the trade has slowed down
gibby - 25 Apr 2012 19:10 - 130 of 191
good day here - i've been in a while now been waiting for this - should be more to come and well done dc on making some wedge
dreamcatcher
- 02 May 2012 18:48
- 131 of 191
Director Deals - AEA Technology PLC (AAT)
BFN
Tim Robinson, Director, bought 364,655 shares in the company on the 30th April 2012 at a price of 0.29p. The Director now holds 2,231,346 shares.
Story provided by StockMarketWire.com
BFN
Tim Robinson, Director, bought 364,655 shares in the company on the 30th April 2012 at a price of 0.29p. The Director now holds 2,231,346 shares.
Story provided by StockMarketWire.com
gibby - 02 May 2012 19:57 - 132 of 191
cheers dc - cant remember for sure now but i think he takes his part time consultancy work (having a cup of tea at his desk once a month!) as shares each month
dreamcatcher
- 02 May 2012 20:00
- 133 of 191
Good evening, Your right gibby.
AEA Technology Group plc
Interest of Non-Executive Director
Share Purchase on behalf of Timothy Michael Robinson
AEA Technology Group plc announces that it was notified on 30 April 2012 that a total of 364,655 Ordinary Shares of one pence each in the Company were purchased on that date on behalf of Timothy Michael Robinson at a price of 0.286 pence per Share.
The purchase follows Mr Robinson's election to receive 100% of his net fees in the form of Ordinary Shares and has been made pursuant to an agreement on terms upon which Shares are purchased on his behalf on a regular basis in accordance with standing instructions.
Following this announcement the above named Director's beneficial interest in the Ordinary Shares of
the Company is as follows:
Previous Holding
New Holding
% of Issued Share Capital
1,866,691
2,231,346
0.153%
30 April 2012
AEA Technology Group plc
Interest of Non-Executive Director
Share Purchase on behalf of Timothy Michael Robinson
AEA Technology Group plc announces that it was notified on 30 April 2012 that a total of 364,655 Ordinary Shares of one pence each in the Company were purchased on that date on behalf of Timothy Michael Robinson at a price of 0.286 pence per Share.
The purchase follows Mr Robinson's election to receive 100% of his net fees in the form of Ordinary Shares and has been made pursuant to an agreement on terms upon which Shares are purchased on his behalf on a regular basis in accordance with standing instructions.
Following this announcement the above named Director's beneficial interest in the Ordinary Shares of
the Company is as follows:
Previous Holding
New Holding
% of Issued Share Capital
1,866,691
2,231,346
0.153%
30 April 2012
gibby - 02 May 2012 21:39 - 134 of 191
nice one - cheers dc
required field - 02 May 2012 21:41 - 135 of 191
Just out out of curiosity : what the hell does this company do ?.
BAYLIS
- 02 May 2012 21:50
- 136 of 191
TRY THIS http://www.aeat.co.uk/
dreamcatcher
- 02 May 2012 21:53
- 137 of 191
dreamcatcher
- 28 May 2012 17:02
- 138 of 191
A good rise of 20% today
dreamcatcher
- 28 May 2012 17:05
- 139 of 191
dreamcatcher
- 28 May 2012 17:22
- 140 of 191
gibby whats the PF deficit holding this back that investors are on about ?
dreamcatcher
- 28 May 2012 18:06
- 141 of 191
Pension fund ?
dreamcatcher
- 07 Jun 2012 09:17
- 142 of 191
Up 9.5% today
dreamcatcher
- 07 Jun 2012 09:31
- 143 of 191
ahoj
- 07 Jun 2012 10:02
- 144 of 191
Thank you. At least one of my shares ding well.
Long way to go - I need above 2p to break even!
Long way to go - I need above 2p to break even!
mnamreh - 18 Jul 2012 07:17 - 145 of 191
.
skinny
- 18 Jul 2012 07:20
- 146 of 191
blackdown - 18 Jul 2012 07:33 - 147 of 191
Effectively bust.
skinny
- 18 Jul 2012 07:43
- 148 of 191
Yes it doesn't make for pleasant reading - although I see they have a new strategy and business plan! Hmmmm.
skinny
- 18 Jul 2012 08:13
- 149 of 191
Just the 72% down then - another fine mess!
;MA(50);MA(200)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
skinny
- 18 Jul 2012 15:01
- 150 of 191
Just over half a billion shares traded so far today (a third of the total in issue).
ahoj
- 27 Jul 2012 10:49
- 151 of 191
Dreamchatcher,
Do you still hold this rubbish? Can it survive at all? Or I use the certificate in the toilet?
You were very positive earlier in the year!!
Do you still hold this rubbish? Can it survive at all? Or I use the certificate in the toilet?
You were very positive earlier in the year!!
dreamcatcher
- 27 Jul 2012 11:53
- 152 of 191
ahoj, Made some profit. Dumped what I re purchased. Does not look good now.
skinny
- 01 Aug 2012 07:09
- 153 of 191
Annual Financial Results Statement
Highlights
Financial Position
· On 18 July, the Board announced it would consider all strategic options to realise value and can report that this process is now underway, including ongoing discussions with a number of interested parties. However, as previously announced, the Board does not envisage there will be offers for the share capital of the Company and the Board expects that such options will result in little or no value for shareholders.
· Lloyds TSB Bank plc (the "Bank") will continue to provide short-term support while the Group executes its financial restructuring plan.
· The Bank has given an agreement in principle on the terms for a new money facility to provide additional short term funding of £5.0 million on a secured basis through to end of October 2012.
· The Trustee of the Group's pension scheme has agreed to defer all pension payments otherwise due to assist in the Group maintaining appropriate liquidity whilst the strategic review is undertaken.
Financial summary
· Order intake £134.1 million (2011: £80.9 million)
· Revenue £110.3 million (2011: £113.7 million)
· Adjusted operating profit £4.1 million (2011: £8.8 million) 1
· Operating loss £35.4 million (2011: £5.9 million)
· Net debt of £36.4 million (2011: £28.3 million)
· Net liabilities in respect of retirement benefits of £168.5 million (2011: £121.8 million)
Operational summary
· Despite challenging economic backdrop, the energy and environmental consulting businesses in both the UK and US delivered results in line with expectations.
· PPC has suffered from failure to secure expected new contracts together with some existing contract losses.
· New business plan with stronger commercial focus is being implemented by John Lowry.
· Plan supported by a strengthening and change of management in the US businesses.
1 Adjusted operating profit is defined as operating profit before amortisation of acquired intangibles, impairment of goodwill and other significant items
Dr Paul Golby CBE, Chairman of AEA Technology Group plc, said:
"The difficult trading conditions have made this a challenging year for all of our employees. Nevertheless, I am extremely grateful to them for their hard work, resilience and encouragement.
Despite a robust business plan and the underlying strength and expertise of the Group's employees, the business has been overwhelmed by the growing pension liability.
Going forward, the Board remains cautious in light of the challenging international trading conditions and material uncertainty over the future funding requirements of the Group."
Highlights
Financial Position
· On 18 July, the Board announced it would consider all strategic options to realise value and can report that this process is now underway, including ongoing discussions with a number of interested parties. However, as previously announced, the Board does not envisage there will be offers for the share capital of the Company and the Board expects that such options will result in little or no value for shareholders.
· Lloyds TSB Bank plc (the "Bank") will continue to provide short-term support while the Group executes its financial restructuring plan.
· The Bank has given an agreement in principle on the terms for a new money facility to provide additional short term funding of £5.0 million on a secured basis through to end of October 2012.
· The Trustee of the Group's pension scheme has agreed to defer all pension payments otherwise due to assist in the Group maintaining appropriate liquidity whilst the strategic review is undertaken.
Financial summary
· Order intake £134.1 million (2011: £80.9 million)
· Revenue £110.3 million (2011: £113.7 million)
· Adjusted operating profit £4.1 million (2011: £8.8 million) 1
· Operating loss £35.4 million (2011: £5.9 million)
· Net debt of £36.4 million (2011: £28.3 million)
· Net liabilities in respect of retirement benefits of £168.5 million (2011: £121.8 million)
Operational summary
· Despite challenging economic backdrop, the energy and environmental consulting businesses in both the UK and US delivered results in line with expectations.
· PPC has suffered from failure to secure expected new contracts together with some existing contract losses.
· New business plan with stronger commercial focus is being implemented by John Lowry.
· Plan supported by a strengthening and change of management in the US businesses.
1 Adjusted operating profit is defined as operating profit before amortisation of acquired intangibles, impairment of goodwill and other significant items
Dr Paul Golby CBE, Chairman of AEA Technology Group plc, said:
"The difficult trading conditions have made this a challenging year for all of our employees. Nevertheless, I am extremely grateful to them for their hard work, resilience and encouragement.
Despite a robust business plan and the underlying strength and expertise of the Group's employees, the business has been overwhelmed by the growing pension liability.
Going forward, the Board remains cautious in light of the challenging international trading conditions and material uncertainty over the future funding requirements of the Group."
skinny
- 06 Aug 2012 10:53
- 154 of 191
AEA TECHNOLOGY GROUP PLC (the "Company" or the "Group")
Update on Banking Facilities
On 1 August 2012 the Company announced that it had reached agreement in principle with Lloyds TSB Bank plc (the "Bank") regarding the provision of a new secured short term funding facility of GBP5 million through to the end of October 2012.
The Company is pleased to announce today that it has formally entered into this facility with the Bank.
The Board continues to consider all strategic options to realise value and remains in ongoing discussions with a number of interested parties. The Board will provide further updates in due course.
As previously announced the Board does not envisage there will be offers for the share capital of the Company and the Board remains of the view that such options will result in little or no value for shareholders.
Update on Banking Facilities
On 1 August 2012 the Company announced that it had reached agreement in principle with Lloyds TSB Bank plc (the "Bank") regarding the provision of a new secured short term funding facility of GBP5 million through to the end of October 2012.
The Company is pleased to announce today that it has formally entered into this facility with the Bank.
The Board continues to consider all strategic options to realise value and remains in ongoing discussions with a number of interested parties. The Board will provide further updates in due course.
As previously announced the Board does not envisage there will be offers for the share capital of the Company and the Board remains of the view that such options will result in little or no value for shareholders.
ahoj
- 10 Aug 2012 09:09
- 155 of 191
They have some funding from LLOYDS to keep them alive. They have so many contracts with governmental institutions in the US, UK and Europe which cannot be stopped so easily.
What is the likelihood of surviving? up to 10%, 20% or 50%? Any idea?
What is the likelihood of surviving? up to 10%, 20% or 50%? Any idea?
skinny
- 17 Aug 2012 07:05
- 156 of 191
Interim Management Statement
Trading in the period remains in line with the Board's expectations.
As we said in our recent annual results statement, trading conditions remain challenging. Nevertheless, good progress is being made in the implementation of the business plan.
On 6 August we announced that we had secured additional short term funding to allow the Board to continue to consider all strategic options to realise value. We continue to have ongoing discussions with a number of interested parties. The Board will provide further updates in due course.
As previously announced the Board does not envisage there will be offers for the share capital of the Company and the Board remains of the view that such options will result in little or no value for Shareholders.
Trading in the period remains in line with the Board's expectations.
As we said in our recent annual results statement, trading conditions remain challenging. Nevertheless, good progress is being made in the implementation of the business plan.
On 6 August we announced that we had secured additional short term funding to allow the Board to continue to consider all strategic options to realise value. We continue to have ongoing discussions with a number of interested parties. The Board will provide further updates in due course.
As previously announced the Board does not envisage there will be offers for the share capital of the Company and the Board remains of the view that such options will result in little or no value for Shareholders.
ahoj
- 17 Aug 2012 08:25
- 157 of 191
Skinny,
DO you still hold these?
DO you still hold these?
skinny
- 17 Aug 2012 08:33
- 158 of 191
Yes - I still have half of those bought last November - effectively worthless.
ahoj
- 17 Aug 2012 10:04
- 159 of 191
Te same with me. 99% below water!!! thanks god it is only £2.5k.
mnamreh - 17 Aug 2012 10:07 - 160 of 191
.
skinny
- 17 Aug 2012 10:20
- 161 of 191
I'm not quite sure what that's all about?
skinny
- 22 Aug 2012 07:11
- 162 of 191
kimoldfield
- 22 Aug 2012 10:29
- 163 of 191
Indeed, why?! They either want to create a loss for Capital Gains purposes which would be silly, or they are not going along with the Boards' implication that the shares are worthless!
kimoldfield
- 22 Aug 2012 10:37
- 164 of 191
Or, of course, they will become the new owners.
ahoj
- 22 Aug 2012 12:27
- 165 of 191
At this price, everyone can buy 14M shares. It's less than £10K.
However that's positive.
However that's positive.
skinny
- 22 Aug 2012 15:56
- 166 of 191
Now @11.594%
skinny
- 22 Aug 2012 16:02
- 167 of 191
@£100k worth give or take.
kimoldfield
- 23 Aug 2012 07:00
- 168 of 191
184,639,722 shares held by the Watsons now.
kimoldfield
- 23 Aug 2012 07:04
- 169 of 191
AGM on 19th September should be interesting!
skinny
- 24 Aug 2012 14:53
- 170 of 191
Currently up 62.5% - should we expect another 4:31 RNS !
skinny
- 24 Aug 2012 15:27
- 171 of 191
Now in auction +75% - I'm confused here.
kimoldfield
- 24 Aug 2012 15:37
- 172 of 191
My best performing share! :o)
Still a pile of poo though!
Still a pile of poo though!
skinny
- 28 Aug 2012 08:24
- 173 of 191
FFS - in auction +30.8%
skinny
- 28 Aug 2012 10:07
- 174 of 191
Now up 69.2% and that gap almost filled.
kimoldfield
- 28 Aug 2012 10:51
- 175 of 191
Almost tempted to take a speculative punt on some more shares. Would I be able to sell them though?! Perhaps the Watsons would take them off my hands at a premium! :o)
ahoj
- 28 Aug 2012 11:10
- 176 of 191
bought @ 2p and 0.05p - Sold half at 0.19, recovered 50% of my money. Will leave the rest for a year then decide what to do.
kimoldfield
- 28 Aug 2012 12:59
- 177 of 191
50% recovery of your money is not half bad in this day and age ahoj! :o)
ahoj
- 29 Aug 2012 17:03
- 178 of 191
yep, from 90% loss to no loss represents 90% recovery. Not bad.
I think I will make a good profit on this one, but should hold my nerve during the fluctuations.
I will buy more if it falls further tomorrow.
I think I will make a good profit on this one, but should hold my nerve during the fluctuations.
I will buy more if it falls further tomorrow.
gibby - 30 Aug 2012 13:05 - 179 of 191
ahoj - if you have made your loss back you should consider exiting and buying back when it has dropped againb :-))) gl
ISLAHI - 05 Sep 2012 18:08 - 180 of 191
Does anyone have a clue whats behind Watsons buying spree. Could he buy the company outright.I am holding these shares and I have a very big hope on them.
ahoj
- 06 Sep 2012 10:42
- 181 of 191
They advertise so many jobs for UK and US on their website.
If the company was desparate, they wouldn't employ. But the share price and their news say otherwise. Can someone explain why this is the case?
If the company was desparate, they wouldn't employ. But the share price and their news say otherwise. Can someone explain why this is the case?
ahoj
- 11 Sep 2012 15:04
- 182 of 191
Time to add IMO.
skinny
- 19 Sep 2012 07:11
- 183 of 191
AGM STATEMENT AND TRADING UPDATE
At the AGM to be held today at 09.00am, Paul Golby, Chairman will make the following statement.
"Trading for the year to date remains in line with the Board's expectations.
Trading conditions remain challenging but good progress is, nevertheless, being made in the implementation of the business plan.
The recently secured additional short term funding is allowing the Board to continue to consider all strategic options to realise value. We have ongoing and constructive discussions with a number of interested parties. As previously announced, the Board does not envisage there will be offers for the share capital of the Company.
While these discussions remain on-going, the situation remains such that the existing level of the Group's net debt and the level the Group retirement benefit obligations are considerably greater than the likely value of the Group's business as a whole. Therefore, as previously announced, the Board remains of the view that such options will result in little or no value for Shareholders.
The Board will provide further updates in due course."
At the AGM to be held today at 09.00am, Paul Golby, Chairman will make the following statement.
"Trading for the year to date remains in line with the Board's expectations.
Trading conditions remain challenging but good progress is, nevertheless, being made in the implementation of the business plan.
The recently secured additional short term funding is allowing the Board to continue to consider all strategic options to realise value. We have ongoing and constructive discussions with a number of interested parties. As previously announced, the Board does not envisage there will be offers for the share capital of the Company.
While these discussions remain on-going, the situation remains such that the existing level of the Group's net debt and the level the Group retirement benefit obligations are considerably greater than the likely value of the Group's business as a whole. Therefore, as previously announced, the Board remains of the view that such options will result in little or no value for Shareholders.
The Board will provide further updates in due course."
ahoj
- 19 Sep 2012 09:03
- 184 of 191
It appears that I should accept the loss and get out!
gibby - 05 Oct 2012 13:31 - 185 of 191
indeed - will continue volatile to the end here
skinny
- 30 Oct 2012 07:54
- 186 of 191
Update on Banking Facilities
On 6 August 2012, the Company announced that it had entered into a facility agreement with the Lloyds TSB Bank plc (the "Bank") for additional short term funding of £5 million on a secured basis through to the end of October 2012. As announced previously, the additional funding has allowed the Board to continue its consideration of all strategic options to realise value and the Board remains in on-going and constructive discussions with a number of interested parties.
Given these on-going discussions the Bank remains supportive of the Company while it continues its consideration of all strategic options.
Notwithstanding this on-going process and related discussions, as previously announced, the Board remains of the view that such strategic options would result in little or no value for shareholders.
The Company will provide a further update in due course.
On 6 August 2012, the Company announced that it had entered into a facility agreement with the Lloyds TSB Bank plc (the "Bank") for additional short term funding of £5 million on a secured basis through to the end of October 2012. As announced previously, the additional funding has allowed the Board to continue its consideration of all strategic options to realise value and the Board remains in on-going and constructive discussions with a number of interested parties.
Given these on-going discussions the Bank remains supportive of the Company while it continues its consideration of all strategic options.
Notwithstanding this on-going process and related discussions, as previously announced, the Board remains of the view that such strategic options would result in little or no value for shareholders.
The Company will provide a further update in due course.
skinny
- 08 Nov 2012 07:45
- 187 of 191
Finally suspended!
kimoldfield
- 08 Nov 2012 08:18
- 188 of 191
I bet the Watsons wish they had invested in BIOM now! Still can't fathom out what they were doing.
ISLAHI - 16 Nov 2012 16:45 - 189 of 191
Is there any chance for AAT to come back. Many private investers has put lot of their money in AAT, Surely they should have known about the companys situation
kimoldfield
- 16 Nov 2012 17:12
- 190 of 191
If it does, it won't be to the advantage of current shareholders I'm afraid.
skinny
- 17 Nov 2012 12:47
- 191 of 191
My million shares were removed from my ISA on the 12th.
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