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/

yes i do - but not at 2p - that is my target! i added more here today - in your situation i would just sit tight and wait - you must have been unlucky to end up with an average of 2p or held from long ago

i do not think 1p will be more than 2/3 months away - maybe much less - the contracts at aea are usually complex and often have to go through regulatory due dilligence first as an example their customers in europe will often be tied to eu directives such as ojeu & ojec which slows the tenders - average tender for aea is 9 months - however the good news is that they have at least $1.2 Billion pipeline tenders of varying values dating back from october 2011 - so they are already at least 4 months into the process and a reasonable amount of this is several months (at least 2/3 months +) started prior to october 2011 - so if you get my drift there will be a regular flow of news coming each time adding value to the company - the new US acquisition is flying - i believe currently exceeding targets so the 1p should not be far away and 2p + maybe this year - we will see

currently aea is under a lot of peoples radar as many dont know which is why i am adding on weakness

stick with it - the main hurdle ref banking covenants has been passed and agreed with lloyds backing aea - and trust me after the due dilligence they require they do not lend lightly - i expect aea to be a very good perfomer this year and multi bag off these levels

gl

you may want to seriously average down while you can too and make your exit a bit more easier to achieve

not a bad day here - bit of blue each day before next news suit me :-))

I started o add- will jump in if the volume rise a bit

good stuff ahoj - i am seriously confident of aat coming good off these levels

well this contract win according to aea www was dated yesterday but no rns release? i will contact the company and find out why - still good news though:

http://www.aeat.com/cms/aea-wins-contract-to-deliver-national-emissions-inventory-for-uk-government-2

£4.5M contract from http://naei.defra.gov.uk/

:-)))

urgent email sent to investor relations.............


----- Original Message -----
From: xxxxxxxxxxxx
To: nharris@irfocus.co.uk
Sent: Friday, January 20, 2012 7:39 AM
Subject: AEA Contract Wins - London Stock Exchange RNS required but not released yet?


Good morning Neville,

Can you help urgently please - it appears share price sensitive information is being released through the AEA website but no news released to the London Stock Exchange via an RNS - can this be urgently reviewed and explained?

My belief is these contract wins will affect share price especially for example the latest which is a Government agency contract (http://naei.defra.gov.uk/) via the OJEU process.

This is urgent please and a response this morning would be appreciated. Details of latest win from yesterday pasted below and I believe there is another win of around £8M some days ago?

Kind regards,

xxxxxxxxxxxxxxxx

http://www.aeat.com/cms/aea-wins-contract-to-deliver-national-emissions-inventory-for-uk-government-2

AEA wins contract to deliver National Emissions Inventory for UK Government


Defra and DECC have awarded AEA a three year, £4.5 million contract to deliver the UK’s National Atmospheric Emissions Inventory (NAEI).



Under the contract AEA will lead a team of UK experts in the production of detailed estimates of UK air pollutants and greenhouse gas emissions. The inventory will include emissions arising from a wide range of polluting sources such as motor vehicles, power stations, industrial and commercial facilities, as well as agriculture.



The NAEI comprises two major inventories – the UK’s Air Quality Pollutant Inventory and the UK’s Greenhouse Gas Inventory. Together these inventories form the key scientific evidence base that allows the UK to check compliance against its legal obligations, while also providing insights into ways to reduce the impact of human activities on our environment and health.



“AEA has acted as the UK’s National Inventory Agency for over 20 years,” explained AEA’s Air and Environmental Quality Practice Director Geoff Dollard. “We are delighted to continue to lead this work on behalf of UK plc. The NAEI provides the underpinning data set against which progress is measured on a number of key environmental policies.



“For example, having a reliable evidence base for greenhouse gas emissions will be critical to help demonstrate the UK’s progress against climate change targets” he said.



“AEA’s continued leadership will ensure that the NAEI continues as one of the world’s foremost emissions inventories, ensuring high quality content and delivery across a period of time, as key compliance years approach, when the inventories will come under intense scrutiny.”



In the delivery of this contract, AEA complements its own world leading expertise with a team of partners including Aether, AMEC, SKM Enviros and CEH.



For more information on the NAEI, visit: http://naei.defra.gov.uk/



Find out more about AEA’s Air and Environmental Quality work here

Thank you. I think it is motoring slowly..

ahoj - you are welcome - some good buys coming in as they should :-))

a lot of people just dont seem to realise that the $1.2billion pipeline orders that can take 9/10 months for the tender and evaluation process to be completed are being won all the time - many of these contracts are 4 months + into the process or as seen by yesterdays win even further - this has slipped under many peoples radar imo and this sp is a real bargain!! gl

Released at 16:29!

Trading Statement.

The Board of AEA announces today that PPC, our Washington based business has encountered further delays to orders and contract losses which will reduce revenue in the current year. This will have a significant adverse impact on adjusted Group operating profit for the year ending 31st March 2012.

Performance at ERG, the Boston based business and AEA Europe remain broadly in line with expectations.

Lloyds Bank, the sole banker to the Group, remains supportive.

Still in extended auction.

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No - cruxifiction on Monday I'd guess!

How much revenue comes from there?
What was expected if the best scenario?

well i have reviewed the friday rns - annoying as it is - i think the blow was probably hinted at in the nov 2011 rns copied below - ppc revenue (ppc order intake is in below rns) - i will review that however at least it appears to be only 1 division affected......

Wed, 30th Nov 2011 07:00RNS Number : 0173T

AEA Technology Group PLC

30 November 2011

AEA TECHNOLOGY GROUP PLC

INTERIM RESULTS STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011

AEA Technology Group plc ('Group'), a leading technical, energy and sustainability consultancy, today announces its financial results for the six months ended 30 September 2011.

· Orders up 84% to £73.0 million (2010: £39.6 million)

· Revenue up 5% £53.3 million (2010: £50.6 million)

· Adjusted operating profit up 10% £2.3 million (2010: £2.1 million) 1

· Operating profit £0.2 million (2010: £6.7 million loss)

· Adjusted profit before tax £1.0 million (2010: £1.1 million) 1

· Loss before tax £2.1 million (2010: £8.8 million loss)

· Net debt £34.3 million (30 September 2010: £31.7 million, 31 March 2011: £28.3 million)

· Secured approval of Lloyds Banking Group to amend financial covenants for 2012 and allow continued access to the banking facility for the foreseeable future. The Directors expect to successfully renegotiate covenants for 2013 during 2012

· John Lowry has been appointed as interim CEO (see separate announcement)

· Order intake is showing positive progress throughout the Group; ERG $38.9 million 2, PPC $45.9 million, up 23% and Europe £20.1 million, up 32%

· In the US we continue to win orders despite the current economic environment while in the UK market conditions remain tough but with some stability returning

· The second half of the year will be impacted by a reduced forecast revenue and adjusted operating profit outturn at PPC, our Washington based operation. As reported previously, performance at ERG, our Boston based operation, and Europe remain in line with Management's expectations

· Having announced on 16 November 2011 that the Group's adjusted operating profit for the current year would be significantly lower than the Board's expectations, the Board is firmly focused on improving profitability and managing cash flow



1 A reconciliation of adjusted operating profit and adjusted profit before tax is given below the Consolidated income statement.

2 No comparative information is available as the business was acquired in November 2010.

Dr Paul Golby CBE, Chairman of AEA Technology Group plc, said:

"After a first half in line with our expectations, it is disappointing that a reduced revenue and adjusted operating profit outturn will impact the second half of the current financial year.

However, I am pleased to report that Lloyds Banking Group have now agreed financial covenants for 2012, giving the Group access to its existing facility for the foreseeable future. The Directors expect to

so perhaps this ppc latest rns really isnt much of a shock after all!?

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lol