dazedandconfused
10 Feb 2017
Re: Telegraph- Questor ditto @ 443p. Noted RPS having a bit of a run too' similar markets, but smaller company.
Ripley94
09 Feb 2017
Re: Telegraph- Questor Topped up @ 439p
Doomsayer
27 Oct 2016
Re: Major change needed now.....Update Apparently there is a reshuffle on the way, but no announcement until 2017? Meanwhile 650 employees have been identified for a cull. All seems a bit late in the day for this and very reactive, but that is what we have grown to expect with this management team. They must thik they are smarter than the ENRON guys??I had high hopes for Lewis but just cannot see the light at the end of this very dark tunnel without URGENT and TOUGH decisions being made. Attempts to cut costs are a joke. Time to find a new management team that has experience of tough times. Anyone can make money at $150 oil (and it only takes one CEO to pour it down the drain while the others nod in agreement). It's a lot harder to come back at $50 and clearly this team haven't got it.AMEC needs an urgent clear-out of all of those executives who were responsible for the FW debacle and replacement with an experienced turnaround team to address COSTS. Then get after NEW and valuable business opportunities. Maybe a strategy to return decent profits to those shareholders who are taking the risks here.I would like to know how much these EXECUTIVES have personally staked in their performance and who has been gifted share options (ie No risk downside / all upside). If they cannot put their OWN money into this company then why should we continue to support them. Their mortgages are being paid by shareholders again this year. Where is my return?Expensive executives with clearly insufficient experience. Time we were given access to the salary and expense data for these people too. Many of them are being over compensated / rewarded for continually failing. Spare a though too for the 650 staff who thought their managment was competent. They just took a 100% pay cut while these clowns thought that was an appropriate response to the market. Have they no shame?Time for a change.......NEW management team or NEW CEO?
Boring Bernie
27 Oct 2016
Re: Trading update On debt ...Back in the interims they were expecting debt at year end to be ~1.1 billion before the effect of any disposals.They're now saying they expect net debt to be ~1.1 billion after 100 million pounds worth of disposals, so, rather than reducing net debt, those disposals mean they'll just stand still.I suspect that's part of the reason for the drop in the sp today.
Doomsayer
27 Oct 2016
Major change needed now..... Poor quality management is the main problem here, not just over paying for FW (root cause) but the bungled integration and continued inability to find synergies across those units. Chasing minor cost savings of a few million here and there, is not the way to solve this. This now needs an experienced executive at board level to turn this around and get shot of the current inexperienced management (and ALL of those who supported the previous CEO in the doomed moonshot). Samir is gone but his "drones" are all still here??[link] new CEO needs to start showing investors that he is serious by showing the current (overpaid) managers to the exits and bringing in professional management. Maybe then we will back AMEC for a while longer, otherwise there are better places for my cash as of today!
Russell 946
27 Oct 2016
Re: Trading update Did you hear this morning's analyst call. Talk about bumbling, particularly when asked about future debt. Eventually it was a yes on increased debt
Lupo di mare
27 Oct 2016
Re: Trading update That went down well. Trying to figure out why. Nothing really new there. Was the market expecting anything different? GPG sale execution risk previously highlighted. The only thing that really bugged me was:-"We have not yet concluded our thinking on the right mix of investment and funding options which in aggregate will lead to an appropriate balance sheet and create a strong ongoing business."What are they saying? Never confuse investors. It could even be construed as saying that we'll do a placing!Still holding some after my April sale.
barleycorn
27 Aug 2016
Re: Finally breaks out That's a big jump yesterday. I'm a holder, higher up, but am also baffled at the sp strength. AMFW wouldn't be a takeover target, would it?
John of Groats
12 Jul 2016
North Sea Contracts It's good to see more North Sea contracts. Perhaps the falling pound is making the North Sea oil and gas fields more attractive. I just wish the RNS had been written in clear English. How are we supposed assess the value of this to AMFW: "The second contract is for a tier 1 engineering services support, covering brownfield modifications and repair orders on a call-off basis, reflecting Repsol Sinopec's asset-based structure and allowing assets to align engineering scopes with suppliers whose core competence makes them best placed to execute them efficiently."
Kenj2
04 Jul 2016
Re: Dividend cut "I expect to be in profit by July next." kenj2 -27th Nov 2015I sold out on Jul 1st at 492p and have taken a profit of £1880 from dividends and trades. I had intended just to hold these from my average sp of 475p, but as the price kept yoyoing, I decided to trade some as well. This is still a good stock imo, and I will be back in if the price drops significantly.GLA
Lupo di mare
28 Apr 2016
Re: Trading update Still hold some at much the same purchase price as yours, dazed. Bought the other lot hoping for a rise - and got it, luckily. If they can get a decent deal on GPG, then it should work out ok after a year or so. In the meantime, at least we get a divi - unlike from a bank deposit a/c.
dazedandconfused
28 Apr 2016
Re: Trading update Wish i could take a profit; am averaging around £9.50 on my buys this time last year..!! At least they didn't do a Mouchel or WYG...
Lupo di mare
27 Apr 2016
Trading update Hmm, execution risk in sale of GPG, and continuing pressure on margins, says it's time for me to take some profits - 13% in 3 weeks will do, thanks everso.
II Editor
10 Mar 2016
NEW ARTICLE: Amec Foster Wheeler attacks debt pile " With a recovery among commodity companies in its very early stages, oil and gas services firm LSE:AMFW:Amec Foster Wheeler has flagged plans to halve net debt in the next 15 months. In addition to a previously announced 2016 dividend cut, the ..."[link]
II Editor
04 Mar 2016
NEW ARTICLE: Share of the week: Oil gush underpins rally "Competition for top spot has been fierce this week. Miners have been shooting the lights out, driven by rising metal prices, while investors have piled back into oversold banks. Despite this, however, it's Amec Foster Wheeler that gets the nod ..."[link]
