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/

GOOD BOTTOM

22p today

The results are out on Thursday !!!

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 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.

drop over done here?

.5 finish? - bouncing a bit

auction!

http://www.aeat.com/cms/financial-summary/

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]

1p will do me fine from these levels :-))))))))))))))))))))

One pence..!

lol yes 1p - i believe that is for the whole company and you get change!!!! :-)))))

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.

ceo's seem to be dropping like flies just lately!!!

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.

Sorry gibby, just seen you had posted here.

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.... :-)))))

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

:-)

this great fun :-)))))))))))))))))))) lol