help not been trading long have got all the paperwork through to buy more shares at 21p what do you think any any advice as whether they are worth having or not any help would be most grateful
nick

RNS Number : 8252T

Invensys PLC

13 December 2011

13 December 2011

Mike Caliel appointed President and CEO of Invensys Operations Management

Invensys plc announces the appointment of Michael J (Mike) Caliel as President and CEO of Invensys Operations Management with effect from 1 January 2012.

Mike was previously with Invensys from 1993 to 2006, latterly as Chief Executive of Invensys Process Systems, the largest of the predecessor companies that were brought together to form Invensys Operations Management in early 2009. He has over 25 years experience in the industry and was until recently CEO of Integrated Electrical Services, Inc.

He is taking over from Sudipta Bhattacharya who joined the Group in 2007 as President of the Wonderware Software division and has been the leader of Invensys Operations Management since February 2009. Sudipta has decided to leave next year to take up a new role outside Invensys. In the meantime, he will be working with Mike to ensure a smooth transition of responsibilities within the division and will also be assisting on group business development in the Middle East and Asia.

Wayne Edmunds, Chief Executive of Invensys plc, commented:

"I am delighted to welcome Mike back to Invensys into a role which is very familiar to him. He has first class experience in the industries the division operates in, our customers as well as our products and technologies. His enthusiasm and drive will now be directed to building on the division's strong market positions.

"I would like to thank Sudipta for his tremendous efforts over the past four years where we have continually shown double digit growth at Wonderware and then at Invensys Operations Management and wish him every success in the future. Invensys Operations Management has shown strong growth since its formation and Sudipta has built an excellent management team to take the business forward under Mike's leadership."

This is a great company printing cash, no debt.
440 is my target ...but when!

Record contract for this year. If they win another job in Germany or UK, it will fly. Spending in rail industry will be over £35bln in the two country combined.

Interim Management Statement.

Ooooops!
They are losing n their contracts!!

Wiped me out. Rubbish management.

Bad luck ahoj - these were once a great company.

A bit of interest here.

Final Results.

Highlights

· Order intake was £2,750 million (2011: £2,452 million), up 12% (13% at CER2), with major awards for rail signalling contracts in both new and core markets in Invensys Rail and good momentum across all lines of business in Invensys Operations Management
· Revenue was £2,539 million (2011: £2,486 million), up 2% (3% at CER), driven by large greenfield contracts in Invensys Operations Management and new market contracts at Invensys Rail, offset by a reduction at Invensys Controls
· Operating profit3 was £209 million (2011: £262 million), down 20% (20% at CER), following £60 million of additional contract costs announced in January 2012
· Underlying earnings per share4 were 13.4p (2011: 19.8p), down 32%
· Operating cash flow was £159 million (2011: £213 million) and net cash at year end was £262 million (2011: £348 million)
· Sound financial position following signing of new £600 million bank facilities and reaching final agreement on triennial review of Invensys Pension Scheme (UK) which resulted in no change in funding plan
· Recommended final dividend of 2.75p per share (2011: 2.5p per share); total dividends for the year of 4.4p per share (2011: 4.0p per share), an increase of 10%

http://uk.advfn.com/news/DJN/2012/article/52839151
Takeover approach, not by Siemens yet!

That's not looking pretty when it comes out of auction!

And there it is open -17%

No news about the bid yet!

Invensys have a big tie-up with China - maybe the slowing in growth there is having an effect?

This is the only share in my list going against expectation.Still falling.

incredibly cheap today!

Downgrade from UBS today.

What is the target price? Do u have links to the news please?

Broker views

UBS Neutral downgrade TP 255p

thank you Skinny. So they are still short since Oct.