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.

groover, they are going to make a cash offer for INS as far as I can see from the announcement which as not yet been disclosed.

The 63p you mentioned was paid to Automated Controls Ltd who had a share of the business at a price far further back down the line after the break away from Robotic Tech.

I dont think any one should assume that 63p or anywere as low as that will be the take out price.

I do agree that it puts a floor on the SP while ongoing negotiations take place, but there is scope for a further rise here.

www.armshare.com.

The interim results to June 2006 showed sales of 12.6 million (2005: 14.1 million), pre-tax profit of 192,000 (2005: 1.1 million) and adjusted EPS of 1.39p (2005: 1.56p) - the results include an exceptional charge (costs of demerger and IPO) of 836,000 (2005: nil). The company reported that the period end order book was 11.4 million (2005: 6.7 million) - subsequent order intake in July and August totalled 15 million; due to the increase in activity in the nuclear industry, staffing levels were increased by 11% - this is against a background of buoyant demand for engineers and technicians not only in the nuclear sector but also in the process, oil and gas and infrastructure sectors - the increase in staff numbers has necessitated opening a new project office near to the main customer's office.

On 18th January 2007, the company reported that it had recently received an approach regarding a potential offer for it - discussions are at a very early stage.
Research Standing
A long established company in what looks to be an emerging growth sector. It also has appeal because of the proactive approach which it takes to increasing the UK pool of nuclear engineers (which has a shortage) and to accessing new technology via proactive corporate venturing.

The company broker's note dated 9th June projects EPS of 2.6p for 2006, 2.9p for 2007 and 3.3p for 2008 representing P/Es of 24.8, 22.2 and 19.5 respectively based on the share price of 64.5p at 19th January.

Thats it Im out now. Sold my last tranche this morning.

Its a pity this takeover cropped up other wise I believe we had a stonker of a stock here.

Ive made a decent return and wish holders the best.

Sorry to hear that gf Im still holding for a while yet.

I just think Mitzy the longer the talks last the more chance there is of a movement to the downside.

I may reinvest in the future depending on what the outcome is.

Plenty of lift today gf are you back in yet..