Trading statement today - not good and shares have halved - just starting a thread in case anyone is interested in looking for the dcb ....

Currently 19p to buy - not thinking of buying at this time but just started tracking



ains


last bought 25/02 @ 12.5 last sold 26/02 for 10% gain

a new low established as vols pick up ..... not looking good intraday

I have 16p mid price and not looking good.. I think we may see 15p tomorrow...when will this fall ever stop.

its not looking very inviting ..... will wait on news i think

Ended the day at 17.5 in auction. Was a relief to see buyers coming in towards the close.

Watching the closing auction, there were 3 big deals posted on both sides (sort of like willy waving I think!). One was for about 5.5m shares, the other at 6.1m (2 the same size at different prices). They first appeared on the sell side at 17.5, 17.75 and 18p respectively.

What I deduce from that (if anything) is that sellers have possibly 11.75m to play with, and that buyers are perfectly prepared to take them on. Someone reckons there's put option contracts that expire tommorrow (I have my doubts) and that this will induce buying to mitigate the downside. Would be nice...

One of the shrewdest Fund Managers that I know has been quietly buying ISYS for his Fund and I have followed him in. He categorises this as a deep value stock.

Hello Austin.

Hi Hilary- long time no hear. I hope all is going well. No longer interested in the Cypriots plaything although I understand that the AGM was more of the nudge,nudge,wink,wink jam tomorrow nonsense. No time to waste on lost causes.

I'm well thanks, Austin. You too? Indeed, the Greek God's toy is disintegrating into a sad and sorry state of affairs. It amazes me though that, whenever he comes to town, he seems able to place a bit more stock so that he can pay the wages for a bit longer. Do you know who took it?

Not me

Well dont know if anyone saw the SETs order book at close of play but it was very very strong.If this follows through to tomorrow then I expect a very good bounce.

It certainly bounced around today at the new lower levels - it was tradeable intraday although I was not feeling confident enough to try ...... really looking for a significant news led bounce/rally but do believe we are starting to see good longer term value on a break up or new management direction.



ains



Thursday, 20 February 2003 at 15:54 GMT
M2 Communications Ltd.


Barneveld, The Netherlands -- Baan - the leading enterprise application provider for industrial enterprises and part of Invensys plc - finished 2002 with sales that reinforced a corporate strategy focused on industrial enterprises with complex make, move, and service needs. Baan won business at 44 new customers during the quarter bringing the total number of new customers acquired in 2002 to 159.

For the quarter ending December 31, Baan signed agreements with 24 new customers in the European region, 14 in the Americas, and six in the Asia-Pacific region.

"Our ability to win business at new accounts during difficult economic times demonstrates the confidence customers have in our solutions, our sales force and our sales alliance firms," said Laurens van der Tang, President of Baan.

"We have established Baan as a customer-driven company positioned for growth. We will continue to listen closely to our customers' needs and then respond with targeted solutions that can contribute to their profitability."





Invensys Wonderware Receives Control Magazine Top Award For Human-Machine Interface Software; InTouch HMI Product Voted No. 1 by Readers
2/20/2003
LAKE FOREST, Calif., Feb 20, 2003 (BUSINESS WIRE) -- Wonderware, an operating unit of Invensys plc, today announced that Control magazine's readers awarded Wonderware's human-machine interface (HMI) software the No. 1 position in the HMI category.

In the annual reader survey, Wonderware's InTouch(R) HMI software product was selected as the most popular application for industrial automation, process control and supervisory monitoring. InTouch software is in worldwide use at more than 180,000 installations in a variety of industries including food processing, oil and gas, automotive, chemical, pharmaceutical, pulp and paper, transportation and power utilities.

LONDON (AFX) - Moody's Investors Service affirmed Invensys PLC's Ba1 senior
unsecured debt rating but changed the outlook on the rating to negative from
stable.
The outlook change reflects Moody's perception of weaknesses in certain of
Invensys' businesses that will prevent the company from meeting its earnings and
cash flow targets for the current fiscal year and possibly beyond, the ratings
agency said.
Any strategic response developed by management that fails to demonstrate a
clear path towards improving cash flows in the core business and/or include
measures to reduce net debt further would be likely to add to the pressure on
the company's rating, Moody's added.
Invensys has announced that, following a business review, management expects
second-half core operating profit to be as much as 25 pct lower than the
first-half figure, it said.
The new profit indications are materially below Moody's expectations for the
pace and impact of the company's restructuring of operations, it said.
The rating affirmation is based on the localised nature of Invensys'
problems, which provides potential opportunities for prompt restructuring or
reduction of exposure. The action also recognises the company's substantial
financial flexibility from its portfolio of assets, which offers monetisation
possibilities.
Moody's added it views positively Invensys' good track record of asset
disposals, even in challenging market conditions, with proceeds from such
disposals having helped the company reduce net debt to an estimated level of 1.5
bln stg.

Hmmmmmm ..... should knock the price a little ...... generally looking as though it will go lower intraday albeit suspect we have seen a bottom around 16p


ains

If this goes to 15p I'm in..

have an order waiting - i will go in around 15p


ains

16p seems to be holding

afx

Elsewhere, Invensys fell back for a fifth consecutive session after ratings agency Moody's Investors changed its outlook on the rating to negative from stable, although it also affirmed the engineer's Ba1 senior unsecured debt rating.

trying for 15p again after US open

bloomberg

Invensys Plc (ISYS LN) lost 1.5p, or 8.6 percent, to 16. The factory controls maker that lost half its market value last week may have its junk credit rating cut further by Moody's Investors Service because of falling demand for its software and machinery electronics.

gloomberg: did they make that comment after Moody's affirmed the credit rating based on further penetrating insight or are they just sloppy journalists?

Hesitate to call the bottom but think this is it!