good growth company, quality investors and a nice new contract. looks good.

From the Blue Index blog

[B]Aveva Turnaround[/B]
May 26th, 2009

With a few notable exceptions such as Autonomy (AU.), IT firms have been hit as hard as any during the credit crunch, as companies cutback all but the most essential expenditure

But another shining example emerged this morning of an IT company coping well with the downturn. Engineering software group Aveva (AVV) reported a 32% hike in annual pre-tax profits to GBP59m, on sales up 29% to GBP164m thanks to strong growth in the Asia Pacific and Central, Eastern and Southern European regions. The IT group also upped the final dividend by 30 percent to 6.5p per share taking the full-year dividend to 9.36 pence a share from 6.65 pence a share. Although some projects are now being postponed or cancelled due to the current economic slowdown, Aveva said it had already commenced restructuring to ensure it would be in a stronger position for trading in a difficult environment.

Full transcript here
http://blog.blueindex.co.uk/2009/05/aveva-turnaround/

With a chart like this, can it really be true that no-one holds these on this board?



Following the trend right now but the interims are announced on Wednesday (10/11) so hopefully no shocks since the last update a few weeks back. Price has moved up 10% since then despite most commentators saying "hold as fully valued".

Despite the above, with Weds interims looming, I took my trade having reached my 1550-1600 target. Sold 1563 for 150 point profit in two weeks. Well pleased with that.

RNS Number : 5669R

AVEVA Group PLC

07 November 2011

7 November 2011

AVEVA GROUP plc

NOTICE OF INTERIM RESULTS

AVEVA Group plc, one of the world's leading providers of engineering data and design IT systems, will be announcing its interim results for the six months ended 30 September 2011 on Tuesday 15(th) November 2011.

Ex-divi wed 20th Jun (17p)

Will we break £20 mark this week?

Good to see quality contracts continue to be signed behind the scenes (and not used as an excuse for an RNS!)

http://www.4-traders.com/AVEVA-GROUP-PLC-9583553/news/AVEVA-Group-plc-AVEVA-software-implemented-in-major-Petrobras-refinery-projects-15202866/

AVEVA Group plc : AVEVA software implemented in major Petrobras refinery projects
09/18/2012 | 06:38am US/Eastern
18 September 2012

Chemtech adopts AVEVA PDMS and AVEVA Global for Rnest, Comperj, Premium I and II projects

Rio de Janeiro, Brazil: AVEVA today announced that its software has been implemented on four major Petrobras Oil & Gas projects in Brazil. Engineering firm Chemtech has adopted AVEVA PDMS and AVEVA Global for the development of refineries Complexo Petroquímico do Estado do Rio de Janeiro (Comperj) in Rio de Janeiro; Abreu and Lima (Rnest) in Pernambuco state, and the Premium I and II in the Maranhão and Ceará states.

On the Rnest project, AVEVA PDMS was applied during the front-end engineering and design (FEED) and detailing stages of the refinery. According to Érica Conceição, Projects Manager, Chemtech, 'The AVEVA applications increased the efficiency of producing documents from the piping, mechanical, structural, electrical and instrumentation design. The products were easy to customise and we could, for instance, generate electrical layout drawings with the required 2D symbology direct from the 3D model.'

AVEVA Global was a key application for this project. Added to PDMS it allowed the visualisation and sharing of 3D model designs in real time with other members of the project consortium, regardless of their physical location. AVEVA Global will help partners and clients work simultaneously on design models from sites located in São Paulo and Recife.

On the Comperj project, AVEVA PDMS was also applied at the FEED stage and became fundamental to validating the viability of the investment. According to Ms Conceição, 'AVEVA PDMS has been highly praised by our users. The interface is intuitive and easy to use, so we can train our teams more quickly for every project.'

Santiago Pena, Senior Vice President, Latin America, AVEVA added, 'Chemtech's implementation of AVEVA software for Petrobras' major capital projects is an impressive reference for AVEVA not only in Brazil, but Latin America and globally. AVEVA's products, such as AVEVA PDMS and AVEVA Global, enable an Integrated Engineering & Design approach, allowing flexible and effective 3D design and collaborative working across major projects.'

Ends
Media contact

Glauco Figueiredo
glauco@textual.com.br
Tel: +55 21 3206 6230
About Chemtech

Chemtech is Brazil's leading provider of optimisation solutions to the process industry; the company offers engineering services, control and automation and IT solutions. With more than two decades of market experience, the company has considerable expertise in the oil & gas sector. Chemtech is also present in sectors such as metals & mining, chemical & petrochemicals, pulp & paper, and others.

Copyright 2012 AVEVA Solutions Limited and its subsidiaries. All product names mentioned are the trademarks of their respective holders.

StockMarketWire.com
AVEVA Group - a leading provider of engineering data and design software - expects results for the year ended 31 March to be in line with market forecasts.

The board believes that this result, which has been achieved in mixed market conditions, positively reflects the resilience of the underlying business model.

AVEVA will announce its preliminary results on 19 May.

Vague rumours today of a possible t/o attempt.......by US predator.

JP Morgan Cazenove reiterates neutral on AVEVA Group, target raised from 1850p to 2450p.

AVEVA and Schneider Software to create a global leader in industrial software

Summary
AVEVA Group PLC ("AVEVA"), one of the world's leading providers of engineering design and information management solutions, and Schneider Electric SE ("Schneider Electric") today announce that they have reached a non-binding agreement on the key terms and conditions of an acquisition of selected Schneider Electric industrial software assets (including, among others, the former Invensys software assets) ("Schneider Software") by AVEVA (the "Transaction").

Schneider Software's product portfolio offers solutions in Process Engineering & Optimisation, Operations Planning & Scheduling, Operations Execution Management, Asset Management, Operations Control and Information Management.

AVEVA will acquire Schneider Software on a debt-free cash-free basis and receive from Schneider Electric upon completion £550 million for consideration of new AVEVA shares to be issued to Schneider Electric, such that Schneider Electric will own 53.5% of the Enlarged AVEVA Group's (as defined below) fully diluted share capital immediately post completion. Based on the current AVEVA share price, the c. 74.0 million AVEVA shares to be issued to Schneider Electric as part of the Transaction have a current market value of c. £1.3 billion. The cash payment (described above) from Schneider Electric will be distributed upon completion (together with AVEVA's net excess cash, as described below) to AVEVA's shareholders (excluding Schneider Electric).

Given the relative size of Schneider Software and AVEVA, the Transaction will be classified as a reverse takeover of AVEVA under the Listing Rules of the UK Listing Authority (the "UKLA"). Certain information on Schneider Software has been provided by Schneider Electric and is included in the Additional Information section of this announcement.

JP Morgan Cazenove today reaffirms its neutral investment rating on AVEVA Group PLC (LON:AVV) and raised its price target to 1950p (from 1750p).