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....

AMEC , the engineering consultant focused on the resources industry, continued to rise one day after announcing it is on track to deliver double-digit percentage underlying revenue growth in 2012

http://www.moneyam.com/action/news/showArticle?id=4424352

Looks like a decent set of results to me, but marked down over 5% in early trading, a question of sell on the news with this one I think.

,

StockMarketWire.com
Oil and gas industry service group AMEC this morning reported revenue of £2.026m in the half-year to end-June, up 37% on the prior year period.

Underlying revenue was up 28%: up 15% excluding £200m of incremental procurement.

The group said it is positioned for double-digit underlying growth, as expected.

EBITA of £152m was up 25%.

Margin of 7.5% was down 70 basis points largely as a result of increased procurement.

Diluted EPS from continuing operations was 36.1p, up 25%.

Operating cash flow was £142m, up £67m.

AMEC said order intake and forward visibility remain good.

The order book is strong at £3.7bn (June 2011: £3.4bn; December 2011: £3.7bn).

The group purchased £158m of shares under the £400m share buyback programme.

Interim dividend per share is up 15% to 11.7p.

CEO, Samir Brikho, said: "AMEC has had an excellent start to the year, with revenue growth boosted by phasing of project execution and procurement in our oil & gas and mining businesses in particular. This flowed into EPS, which was up 25 per cent at 36.1 pence, and operating cash flow - where we also achieved a good performance.

"We have completed two acquisitions year-to-date, expanding our engineering capability in the nuclear sector and further strengthening our geographic footprint in Australia. The pipeline of further acquisition opportunities remains good.

"The order book has been maintained at record levels. We see continued demand for our services, and this has not been significantly impacted by the on-going economic uncertainty. Second half revenues are anticipated to be maintained at broadly the same level as the first half, leaving us on track to deliver double-digit underlying revenue growth for the full-year. We expect to continue to deliver good growth in 2013."

Shore Capital downgraded the stock from buy to hold in response to this mornings results, with shrinking margins a concern.

Can't think that AMEC will stay down for long, we shall see.

engineering consultancy and contractor AMEC was the fourth-most purchased share by the broker TD Direct Investing's private clients this morning. The share fell by 6%, despite AMEC boasting a 37% boost in revenues, when it reported this morning. With a healthy order book and a 15% increase in the interim dividend, the drop in the share price would appear to reflect disappointment, not spooked investors.

http://www.moneyam.com/action/news/showArticle?id=4425560

That'll do for me.

Here she go's.

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Buy back programme announced now:http://www.moneyam.com/action/news/showArticle?id=4429253

AMEC wins $528m new refinery contract

At 8:11am: (LON:AMEC) AMEC share price was +9.5p at 1062.5p

Story provided by StockMarketWire.com

L&G go above 3% on these.

Goes Ex. Divi this week paying 24.80p.

L&G go below 3%

Half year results http://www.moneyam.com/action/news/showArticle?id=4647194 Finished 10p up on the day.

Contract Win http://www.moneyam.com/action/news/showArticle?id=4663903

Contract Extension http://www.moneyam.com/action/news/showArticle?id=4664761

AMEC not to bid for Kentz Corporation http://www.moneyam.com/action/news/showArticle?id=4667037">

Change of Adviser http://www.moneyam.com/action/news/showArticle?id=4674475

Anyone been on their W/site yet? As the term "with immediate effect" makes me want to know more.

Ex-divi wed 27th Nov (13.5p)