with this moving and holding in there, the rumour of a 400p takeover (Sunday press/FT etc) that has been around for weeks may finally be transpiring....

and up...again! look at the chart...buy buy buy

yet more good news!

AMEC PLC
11 February 2005


11 February 2005

AMEC and National Grid Transco sign 280 million alliance contract

AMEC plc, the international project management and services company, announces
that it has secured an eight-year alliance contract worth approximately 280
million from National Grid Transco ('NGT') to replace gas mains along the M1
corridor between Sheffield and Leicester.

'AMEC's proven alliancing expertise and our track record in delivering and
maintaining assets over the long term ensured we were the right partner for
NGT,' said Sir Peter Mason, Chief Executive of AMEC. 'We look forward to taking
a lead role in ensuring the alliance shares best practice in programme
management, safety, health and the environment, service delivery and community
relations.

The work will be carried out by a joint AMEC and NGT alliance team, which will
commence in Sheffield, Nottingham and Derby on 1 April 2005 and in Leicester a
year later. The contract includes a possible extension for a further five years
and is part of NGT's continued mains replacement programme.

AMEC has worked continuously for NGT and its predecessor companies for more than
50 years providing a range of services from large diameter pipelines through to
the replacement of local distribution networks.

Over the last five years, AMEC has been undertaking substantial network renewal
work in North London, East Anglia, South Wales and the West Midlands and last
year it secured a further contract for Fulcrum Connections, part of NGT, to
provide new gas mains and services to selected areas in the South West.

yet more good news!

AMEC PLC
11 February 2005


11 February 2005

AMEC and National Grid Transco sign 280 million alliance contract

AMEC plc, the international project management and services company, announces
that it has secured an eight-year alliance contract worth approximately 280
million from National Grid Transco ('NGT') to replace gas mains along the M1
corridor between Sheffield and Leicester.

'AMEC's proven alliancing expertise and our track record in delivering and
maintaining assets over the long term ensured we were the right partner for
NGT,' said Sir Peter Mason, Chief Executive of AMEC. 'We look forward to taking
a lead role in ensuring the alliance shares best practice in programme
management, safety, health and the environment, service delivery and community
relations.

The work will be carried out by a joint AMEC and NGT alliance team, which will
commence in Sheffield, Nottingham and Derby on 1 April 2005 and in Leicester a
year later. The contract includes a possible extension for a further five years
and is part of NGT's continued mains replacement programme.

AMEC has worked continuously for NGT and its predecessor companies for more than
50 years providing a range of services from large diameter pipelines through to
the replacement of local distribution networks.

Over the last five years, AMEC has been undertaking substantial network renewal
work in North London, East Anglia, South Wales and the West Midlands and last
year it secured a further contract for Fulcrum Connections, part of NGT, to
provide new gas mains and services to selected areas in the South West.

Amec, the engineering and services company, is in line to win a $1.5bn contract to process nuclear waste for the US government after starting work on a pilot scheme last week ...from the Sunday Telegraph!

Humm - These baby's seem to be having a bit of a rough time over past week. Not aware of any adverse news. Anyone got any information and/or now when results are due to be announced?

results are March 10th. personally i feel their may be a bit of an upward surprise....

great trading stock with a takeover story overhang. low 300 buy and flip them or keep hold for the t/o! either way a quality company that i wil add to if knocked.

back up again, anyone heard anything????

Yesterdays acquisition news and Fidelity have upped their holding by 1%. Maybe behind it?

http://www.uk-wire.com/cgi-bin/articles/200504070849397454K.html

fidelity can't get enough...look at the RNS Holdings over the last couple of months. A stock for the pension in my view!

Do you have a target price on this one or are you holding this long term in a SIPP or such like? Looking at the chart, seems to be near a resistance point but if it breaks through could be some decent upside.

i am holding for the bid spec as of last year and also i think this is a quality growing company which is v. well managed. not in a sipp but a hold until 430 ish. the trader in me i telling me to touch down here for the cycle but i feel this has tested resistance to the point that it should break through... any thoughts?

Dont really know too much about the company, but Fidelity holding 11+% suggests to me that they see a lot of prospects over the med/long term. That is a decent sized holding as well. Can see why you might want to take some profits as it had a good run up from 300, but it seems to be breaking to new highs now, apart from the begining Oct end / Sept spike to 340. It does look as if it has hit this 325 ish resistance a few times and pulled back, so perhaps this time it will break through? Definitely one for me to watch closely here.

thats just it....how many times befor resistance is broken? my view is that these can retest recent highs and push through to 360ish...

Well it looks as if its breaking through that resistance so a good call on your part to keep holding. I would say closing today at this level would be a good sign.

me too. if they break higher on monday then very happy days

Good stuff here.

I will go over it all later.

;-))

this is just one of those quality firms that has gone from strength the strength with a huge order pad and, are a a bid target as well. pension fund holding as far as i am concerned.

Are you lot still In these?

Down on results today, but thats nothing unusual.

Can I ask what your current feeling on the Company Is?

Couldn't resist these at 344.5p.

still bullish and as previously stated a bit of a pension fun hold even though i am in my early thirties!

i think the long term potential and solid order book is as good as any, as is the management, and feel that it may be a longshot but is always a possible t/o target. sit tight, these bounce.

rgds
PT