goldfinger
- 04 Dec 2006 09:42
Well worth a look at these.
Had them on the watch list for a while and then bought them on Friday when the chart showed a breakout. Consultants in the Nuclear/Engineering Business, growth looks like it could be top notch here and this one generates cash hand over fist.
Little capital expenditure as the company provides the brains (engineers) within the British Nuclear Industry but growth abroad cannot be ruled out.
The company does a lot of sub contracting work and as some excelent contacts within the industry.
Stock trades on a 2007 forward P/E of around 16 but this should fall if the company increases growth internally and by way of acquisition.
A bit of background on the company.
International Nuclear Solutions is one of the largest nuclear engineering
companies in the UK and involved in waste and nuclear materials handling,
processing and storage, including new build facilities where necessary to
support clean-up and decommissioning programmes. In addition, INS provides
support for plant asset care and maintenance of redundant facilities. The
company also supports the commercial operating facilities associated with fuel
fabrication and spent fuel reprocessing activities at Sellafield.
Highlights:
INS is a specialist provider of nuclear engineering and consultancy
services in the UK
The Nuclear Services Division has grown annual sales from circa 12.3
million in 2003 to circa 24.6 million in 2005
In 2005, the Nuclear Services Division generated net profit of
approximately 2.3 million
Has an established business with nearly 25 years ofexperience in the
nuclear industry
Experienced management team with over 100 years of experience in the
nuclear industry
Has long standing relationships with BNFL and a proven track record at
Sellafield
Nuclear Decommissioning Agency budget is 2.1 billion for 2006/07 of which
circa 55% is earmarked for commercial activities and the remainder for
decommissioning and cleanup
The order book is strong
Director Speak
Tony Moore, Chief Executive of INS added: 'As an independent company, all our
focus will be on growing the business both nationally and internationally within
the burgeoning nuclear sector. The Nuclear Decommissioning Authority recently
estimated the cost of clean up and decommissioning in the UK, for 20 nuclear
sites within the portfolio, at 63 billion. There is also potential in the
medium to longer term, for INS in nuclear defence and to support any new
investment in nuclear power generation.
DYOR.
diamonds
- 18 Jan 2007 13:17
- 44 of 70
say aye to that lads and lassies.......
mickeyskint
- 18 Jan 2007 15:28
- 45 of 70
You've done well with this one today GF.
LOL
MS
capa
- 18 Jan 2007 15:37
- 46 of 70
Possible bid then.
Well done holders, I have just sat and watched it move up week after week waiting for a dip. Never mind.
capa
mickeyskint
- 18 Jan 2007 15:39
- 47 of 70
Me too capa. Shall we get drunk together.
MS
capa
- 18 Jan 2007 15:44
- 48 of 70
Not a bad idea mickey :-)
capa
mitzy
- 18 Jan 2007 19:52
- 49 of 70
Up over 50% on this one in just a few months.
goldfinger
- 18 Jan 2007 22:53
- 50 of 70
International Nuclear Solutions confirms received preliminary approach for co
AFX
LONDON (AFX) - International Nuclear Solutions PLC confirmed press speculation that it has received a preliminary approach for the company.
The nuclear engineering company said the board is considering the matter, which is at a very early stage, and said there can be no guarantee an offer will be made for the company.
newsdesk@afxnews.com
ks
grooverjr22
- 19 Jan 2007 01:42
- 51 of 70
Well done to all those long suffering shareholders of RTS from which this was demerged from..like me!
Question is take out price, it was in its ascendancy before and somone has obviously recognised its potential.
Any guesses folks?
Has to be an engineering conglomorate me thinks but we will have to wait and see
mitzy
- 19 Jan 2007 09:05
- 52 of 70
I would guess its a company that begins with the letter C.
grooverjr22
- 19 Jan 2007 09:10
- 53 of 70
funny, i actually thought of carillion but what do i know.this is purely a guess not inside info
mind you could be another c.
shame if it gets taken out too soon but you never know. thanks mitzy
mitzy
- 19 Jan 2007 09:28
- 54 of 70
We could both be right groover..good luck.
goldfinger
- 19 Jan 2007 11:09
- 55 of 70
What price though?.
Double at least its present price I would have thought.
goldfinger
- 19 Jan 2007 11:14
- 56 of 70
I cant believe a few are selling.??????????.
goldfinger
- 19 Jan 2007 12:22
- 57 of 70
Some still selling, pure madness.
groover22
- 19 Jan 2007 15:06
- 58 of 70
i think approach is a very opportunistic one, I hope mgmt considers offer carefully, could be a fit as an inhouse player for a bigger boy who is competing now only here but overseas.
Selling should be short term but I for one am hoping mitzy is right, fair price circa 1.00 should be fair, no way this will end year below 1.00 but its a question of economics I guess but guys, we take our cahnces and if this gets taken out, I will be watching for a GF classic to put the money in, no pressure ok!!
goldfinger
- 19 Jan 2007 23:35
- 59 of 70
G22 as you know Im a very down to earth type and I dont go blasting away with bagger this and bagger that. I look for solid companies and solid newsflow.
I really do think though from what I have heard over the last couple of days we may get a bidding war here.
A quid or more will do me.
cheers GF.
groover22
- 20 Jan 2007 01:39
- 60 of 70
Sorry, didnt mean any disrespect GF. I will sit tight and watch, maybe more news will unfold over the weekend, just hope that mgmt continues to focus on developing business
goldfinger
- 21 Jan 2007 03:50
- 61 of 70
Hey, no probs groovers, I honestly think its healthy to get both bull, bear and neutral comments.
Nothing wrong with that, and if a companys a dog I welcome comments as I might get out myself.
Cheers GF.
goldfinger
- 25 Jan 2007 12:05
- 62 of 70
Having had a further look at these I find.......
INS recorded a 70% increase in in its order book in the 12 months to 30th June 2006.
The chairman stated that "this is enough to cover all of this years workload (2007)
and half of next years (2008)".
Little wonder a predator is after it.
goldfinger
- 26 Jan 2007 15:47
- 63 of 70
WOW, it looks like we have game on..........
Babcock International Group PLC
26 January 2007
26 January 2007
Babcock International Group PLC
('Babcock')
Babcock announces that it has acquired 15,273,875 International Nuclear
Solutions PLC ('INS') ordinary shares representing 24.5 per cent of INS's entire
issued share capital, from Automated Controls Limited. INS is a specialist
provider of nuclear engineering services in the UK. In May 2006, Babcock
acquired Alstec Group Limited which also operates in the nuclear engineering
services sector.
Babcock acquired the shares for an aggregate cash consideration of 9.6 million
(representing 63 pence per share).
Babcock intends to progress discussions with the board of INS regarding the
possibility of making a cash offer for the balance of the issued share capital
of INS. However, there can be no certainty that an offer will be forthcoming.
A further announcement will be made in due course.
Enquiries
Financial Dynamics Tel: 020 7269 7121
Andrew Lorenz / Susanne Walker
Dealing disclosure requirements:
Under the provisions of rule 8.3 of the Takeover Code (the 'Code'), if any
person is, or becomes, 'interested' (directly or indirectly) in 1% or more of
any class of 'relevant securities' of INS, all 'dealings' in any 'relevant
securities' of that company (including by means of an option in respect of, or a
derivative referenced to, any such 'relevant securities') must be publicly
disclosed by no later than 3.30pm (London time) on the London business day
following the date of the relevant transaction. This requirement will continue
until the date on which the offer becomes, or is declared unconditional as to
acceptances, lapses or is otherwise withdrawn or on which the 'offer period'
otherwise ends. If two or more persons acting together pursuant to an agreement
or understanding whether formal or informal, to acquire an 'interest' in '
relevant securities' of INS, they will be deemed to be a single person for the
purposes of Rule 8.3.
Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of INS by Babcock or INS, or by any of their respective 'associates
', must be disclosed by no later than 12.00 noon (London time) on the London
business day following the date of the relevant transaction. A disclosure
table, giving details of the companies in whose 'relevant securities' 'dealings'
should be disclosed and the number of such securities in issue, can be found on
the Takeover Panel's website at
www.thetakeoverpanel.org.uk