Empresas fka ICA

[chmcnfunds]

Joined you two days ago at $7.32. Never thought it would go much lower than $7.28-7.30 but yesterday was something else. Definitely oversold:



ICA

[chmcnfunds]

Now that the results are out it looks like a good level for entry. Going to watch it closely relative to the overall market tomorrow:



ICA

[Fibanotch]

still waitin g...

[detearing]

This could be setting up for a run...but if it dips, I will accumulate more.

[Fibanotch]

o yea ill jump in..cause over time u cant get hurt! in this one , im almost there

[chmcnfunds]

Still on the sidelines although almost every technical indicator (except SAR) says buy.



ICA

[Fibanotch]

4 , 5, 6, entry...then 2 bagger w/ in a year!

[chmcnfunds]

I'd buy at $6.00. Chart looks pretty good, but so hard to get info about this company. Believe they are reporting quarterly next week:

Empresas ICA S.A.B. de C.V. (NYSE y BMV: ICA)
Celebrará su conferencia telefónica para comentar sus resultados
del Segundo Trimestre del 2014, el:
martes 29 de julio del 2014
9:00 a.m. Tiempo de México
(10:00 a.m. Tiempo de Nueva York)
Al concluir la presentación, contaremos con una sesión de preguntas y
respuestas.
Para participar en la conferencia, por favor marque:
Desde los Estados Unidos sin costo: [phone]
Internacional: [phone]
Código: 71716570
Los resultados del trimestre serán publicados el lunes 28 de julio del 2014.
La retransmisión de la conferencia estará a su disposición a partir del
martes 29 de julio hasta el 4 de agosto marcando:
Desde los Estados Unidos sin costo: [phone]
Internacional: [phone]
Código: 71716570
O a través del webcast en la siguiente dirección:

ICA

[Fibanotch]

if I can get in @ 4 , 5 , great .....going back to 10 in my opinion. long term.

[detearing]

Weekly stockcharts mad looking promising...teens this time perhaps.

[detearing]

ICA solid stock with good news today...$12 target

[detearing]

Good news for ICA today...

[detearing]

ICA up to $6.74 and looking strong on a turbulent trading day.

[detearing]

Fine at five to add...will it go that low? Anybody know? Joe?

[detearing]

Pretty flat today...I would add some more around $5...not sure if it would go that low...this is a fast moving stock...can go down or up quick.

[chmcnfunds]

I haven't bought back in because it jumped up too fast two days ago. Saw this:

_______________________________________
Metro Line 12 Consortium Makes Statement

MEXICO CITY, March 19, Mar 19, 2014 (GLOBE NEWSWIRE via COMTEX) -- Empresas ICA, S.A.B. de C.V. (bmv:ICA) and ICA -2.07% , the largest infrastructure and construction company in Mexico, informed today that the consortium of which it is part for the construction of the Metro Line 12 in Mexico City published a statement in several Mexican newspapers today. A translation reads:

ICA Carso Alstom

To public opinion:

The Metro Line 12 has carried more than 180 million passengers since starting operations in October 2012. It is a public work that is both necessary and visionary, and benefits 400,000 persons daily. The project uses a high level of technology and its cost per kilometer was significantly below that of the 18 similar projects built worldwide in the last decade.

This great achievement for Mexico City was possible thanks to the Mass Transit System (STC), the Metro Project of the Federal District (PMDF), and the ample and proven experience of the ICA-Carso-Alstom Consortium, whose members have built more than 229 km of Metro lines for Mexico City and supplied 67% of the trains currently in service.

We reiterate that the quality of the work was duly certified by the Certifying Consortium made up by ILF Beratende Ingenieure (ILF); TuV SuD Rail (TUV); Deutsche Bahn International (DBI) and Hamburg Consult (HC), and was supervised by Integracion de Procesos de Ingenieria, Lumbreras y Tuneles, Consultoria Integral en Ingenieria, and Ingenieria, Asesoria y Consultoria, with the participation of the Instituto Politecnico Nacional and the Instituto de Ingenieria de la Universidad Nacional Autonoma de Mexico.

On July 8, 2013, Joel Ortega Cuevas and Enrique Horcasitas Manjarrez and their work teams, representing the STC and PMDF, signed the Definitive Acceptance Act for the project, including the civil, rail, and electromechanical works. This Act stated that the STC has been responsible for the operation of Line 12 since October 30, 2012.

On March 13, 2014, the STC communicated its decision to partially suspend operations of Line 12.

The Consortium affirms, in this regard:

A. Having fully complied with the terms of the contract, the Consortium is prepared to collaborate, under a different contractual framework, with the rapid reactivation of service, which is fundamental for the more than 400,000 passengers using Line 12 every day.

B. The solicitation of bids published by the Government of the Federal District took as its base the design for Metro Line A. Based on this, the Consortium carried out its studies, calculations, designs, and fabrication of the different materials and equipment that actually make up the Line 12 railway system. Consequently, the system of ways was designed and built with the same characteristics and specifications as Line A.

C. The STC determined the route of Line 12, and defined the basic engineering for the railway system. The executive project was approved in the working groups that were carried out with the PMDF and STC, with the participation of the supervising companies.

D. The STC directly supervised the selection of the rails and participated in the visits to the European providers, certifying compliance with procedures and fabrication guarantees required by the PMDF and the STC's authorized specifications.

E. In December 2009, the STC made its decision on the purchase of the trains. The Consortium does not have knowledge of the criteria used in the selection of the trains, nor was it provided technical information regarding the same.

F. The train selected for Line 12 is very different from the one used on Line A. The most important changes regard the dimensions, weight, and number of cars; the distance between axles and the profile and characteristics of the wheels. It should be noted that, after 22 years of operation, Line A has not suffered any of the damages that Line 12 is now showing.

G. The Consortium was made known of some of the technical characteristics of the train selected by the STC in March 2012, only three months prior to the arrival of the trains and with the railways in the process of completion.

H. On September 3, 2013, the Consortium presented a document to the STC on the damages that the ways suffered as a result of the passage of the trains.

I. The maintenance program established by the Consortium could not be carried out as specified in the Manual. The delay resulted from the fact that the STC did not permit the Consortium to have access to the system of railways for 4 months.

J. Maintenance work could not be restarted until August 2013, resulting in a high level of deterioration in the ways. Given that the Consortium's contract ended in October 2013, the Consortium was only able to carry out emergency maintenance during August, September, and October 2013.

K. On December 13, 2013, having completed the contractual commitment for maintenance, the Consortium presented a new proposal focused on a definitive solution to stop the accelerated deterioration of the system of railways.

The ICA-Carso-Alstom Consortium concludes, that while the problem of Line 12 was outside the scope of our contract, we reaffirm our commitment to be part of the solution and to do everything in our power to collaborate with the authorities in the prompt reestablishment of service on Metro Line 12.

This press release may contain projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit www.ica.com.mx/ir

CONTACT: Ana Paulina Rubio
[e-mail]

Elena Garcia
[e-mail]

Rebeca Avalos
[e-mail]

[e-mail]
(5255) 5272 9991 ext.3608

Gabriel de la Concha, CIO
[e-mail]

Victor Bravo, CFO
[e-mail]

In the United States:
Daniel Wilson, Zemi Communications
(1212) 689 9560
[e-mail]
____________________________
http://www.marketwatch.com/story/metro-line-12-consortium-makes-statement-2014-03-19?siteid=nbsh

ICA

[detearing]

$6.69 up 4.69%

[detearing]

Thanks, that could explain the drop. I agree and may add this week.

[chmcnfunds]

Not currently in, but been watching. Company very quiet -- guess that's the way they are? See this on Yahoo, otherwise see nothing:

Quote:

______________________________
It was no rumor, instead Mexico City's Metro/Subway Line 12 stopped operating due to some issues found on the railroad sleepers. Since ICA/Carso/Alstom venture participated on the construction, they could liable. However, ICA has already said they notified about this being a possible issue because the train cars being supplied/used by other company do not meet the specified design standards. SOURCE: ElEconomista "Fallas en Línea 12 tumban acciones de ICA"

So far the investigation is still undergoing, and hopefully ICA does not result liable. If so, the stock should rebound quickly.

Right now might be a good entry point. The 1-year target is $9+ so it represents almost 50% from this level. Less
______________________________

ICA

[detearing]

$6.16 ICA 50 ma crosses 200 ma on weekly this could go to 4...wow. Anyone know ow why?

[detearing]

Yep, over 4% up. For some reason, there is a delay in the pps after earnings...not too sure why, but sure am glad I loaded when it tanked...I am purtie good at dat!

[chmcnfunds]

Heading toward your target today:



World conditions stay sane and there should be no problems -- great chart.

ICA

[chmcnfunds]

ICA finally responding positively to what seemed like positive earnings yesterday.

Could have been shorts doing the damage yesterday. Huge short position here:

http://www.nasdaq.com/symbol/ica/short-interest

Hopefully now, all is up!

ICA

[chmcnfunds]

Empresas ICA Management Discusses Q4 2013 Results - Earnings Call Transcript

Feb. 27, 2014 5:44 PM ET | About: ICA
Empresas ICA S.A. DE C.V. (ICA) Q4 2013 Earnings Conference Call February 27, 2014 10:00 AM ET

Operator

Good morning. My name is Charice [ph] and I will be your conference operator today. At this time I will like to welcome everyone to the Empresas ICA’s Fourth Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions). Thank you. I would now turn the conference over to Victor Bravo, ICA’s Chief Financial Officer.

Victor Bravo
Good morning and thank you for joining us for ICA’s fourth quarter 2013 conference call. Joining me are Gabriel de la Concha, our Chief Investment Officer and Head of our Investor Relations, and the IR team including Ana Paulina Rubio, Elena Garcia and Rebeca Avalos. I will discuss three main topics today; ICA’s fourth quarter and full year results, the strategic transactions with CGL comp for social infrastructure, and the continued reduction in debt. After this, we will open the call to your questions.

ICA’s sustained to trends, we have strong Q2 2013. We delivered fully operating performance even with a difficult environment for construction in Mexico. We meet our target for EBITDA generation through revenue was low expectations. Adjusted EBITDA reached 1.3 billion pesos for the fourth quarter and 4.7 billion pesos for the year. The EBITDA margin was 16.3% in fourth quarter, and 16% for the full year. Last year we witnessed an economic slowdown combined with the approval of new economic reforms by Congress that are expected to substantially increase investment in infrastructure. Therefore, we are positioning ourselves to take advantage of the increase in opportunities, and improving our execution capabilities in financial position, as well as bringing concession projects into operation that will improve our cash flow and revenues limit.

The positive performance of concessions in airports offset in our part [ph] the decrease in construction revenue in terms of cash flow generation. Profit volumes on operating construction highways grew 62%, principally because of the increasing traffic on the Rio de Los Remedios and the start of operations of the La Piedad Bypass, in the Rio Verde – Ciudad Valles highways in late 2012.

Airports had 6% increase in annual profit volumes, and continued rapid growth of non-aeronautical revenue source. The fourth quarter marked 25th – 23rd quarter in a row of growth in non-aeronautical revenues. At the same time, we have been able to sustain construction backlog in our target brands. Construction backlog in the long-term services contracts were through totaling 36 million pesos at the year-end 2013. In addition, ICA’s non-consolidated affiliates in joint ventures had another 11 million pesos in backlog.

Looking at the results of our business segments in fourth quarter, Construction revenue was 5.7 billion pesos. The operating margin grows to 4.8%, and the Adjusted EBITDA margin reached 10.5%, well above the prior year. MItla-Tehuantepec, La Yesca completion work, San Martin Construction, Peru; and Avenue Domingo Díaz in Panamá; were the largest sources of revenue.

The 20% decrease in construction revenues in fourth quarter despite a forceful accelerated execution of covering projects is explained d by delays in the delivery of rights of way, slow payments by some clients, the lenient working capital, and under execution by the Government of the 2013 public works projects.

(continues for 4 pages)
_____________________________________
http://seekingalpha.com/article/2056383-empresas-ica-management-discusses-q4-2013-results-earnings-call-transcript?isDirectRoadblock=false&source=email_rt_article_readmore&uprof=46

ICA

[detearing]

I don't know.

I vaguely remember this popping well after earnings...I don't understand this one that well...how it moves, but I know the facts point to this should be higher and I will add if it drops to $5.

[chmcnfunds]

Rushed and got in too early, but not concerned. The results seemed good to me. Wasn't expecting a big pop but thought that it would be positive.

______________________________________

"possibility of the unscrupulous taints"
_______________________________________

How in the world do you explain the two plunges, one mid-day and the other seemingly timed so there would not be enough time for it to recover. Looks to me like manipulated sell-offs. There were no indicators of over-bought or anything else -- just sudden steep declines:



ICA

[detearing]

This is a funny stock. I vaguely remember it pops a day or so later for some reason...I will add if it goes to $5. Numbers seemed positive to me, yet the hint of the possibility of the unscrupulous taints this stock for me.

[chmcnfunds]

Shares sitting at ask of $6.75 which seems to be a bargain, but only 200 shares. Only a total of 2100 shares available and these are at much higher prices. It never is easy.

ICA

[chmcnfunds]

I have a hard time reconciling all the figures, but this blurb stands out:

"Sustaining the trends shown earlier in the year, ICA generated Adjusted EBITDA of Ps. 1,262 million in the fourth quarter of 2013, an increase of 401% as compared to 4Q12. The Adjusted EBITDA margin was 16.3%. Operating income was Ps. 812 million, as compared to a loss in 4Q12. Revenues in 4Q13 decreased 16% to Ps. 7,729 million, reflecting a lower level of work execution and a slowdown in the construction sector.

For the full year 2013, ICA generated strong increases in operating income and Adjusted EBITDA compared to 2012. The Adjusted EBITDA margin was 16.0%, compared to 9.8% in 2012. The increase in margin reflects the continuing growth of the Concessions business and the transactions for recycling capital, which offset the reduction in construction activity."

Now to get some shares early before the greedy folks start buying.

ICA

[detearing]

I have high hopes that Mexico will become a great country and is in the process of cleaning up the drug issues. The legalization of mj in parts of USA may also help...

ICA target for me is $14 by mid year.

[detearing]

Empresas ICA Announces Unaudited Fourth Quarter 2013 Results
GLOBENEWSWIRE 4:31 PM ET 2/26/2014
Symbol Last Price Change
ICA 6.61 0 (0%)
QUOTES AS OF 04:01:35 PM ET 02/26/2014
MEXICO CITY, Feb. 26, 2014 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V(ICA). , the largest infrastructure and construction company in Mexico, announced today its unaudited results for the fourth quarter of 2013.

Sustaining the trends shown earlier in the year, ICA generated Adjusted EBITDA of Ps. 1,262 million in the fourth quarter of 2013, an increase of 401% as compared to 4Q12. The Adjusted EBITDA margin was 16.3%. Operating income was Ps. 812 million, as compared to a loss in 4Q12. Revenues in 4Q13 decreased 16% to Ps. 7,729 million, reflecting a lower level of work execution and a slowdown in the construction sector.

For the full year 2013, ICA generated strong increases in operating income and Adjusted EBITDA compared to 2012. The Adjusted EBITDA margin was 16.0%, compared to 9.8% in 2012. The increase in margin reflects the continuing growth of the Concessions business and the transactions for recycling capital, which offset the reduction in construction activity.

The results of the fourth quarter and full year 2012 and 2013 have been restated in accordance with IFRS 5, "Non-current Assets Held for Sale and Discontinued Operations," as a result of the strategic partnership for social infrastructure projects announced on January 22, 2014 between ICA and CGL, and to include the results of housing in continuing operations, as further described below.

Consolidated Results 12 months
Ps. million 4Q12 4Q13 % Chg 2012 2013 % Chg
Revenues 9,240 7,729 (16) 38,122 29,556 (22)
Operating Income (421) 812 293 1,679 3,131 86
Consolidated Net Income (Loss) (174) 1,082 722 1,529 1,466 (4)
Net Income (Loss) of Controlling Interest (399) 681 271 955 585 (39)
Adjusted EBITDA 252 1,262 401 3,740 4,733 27
Operating Margin -4.6% 10.5% 4.4% 10.6%
Adjusted EBITDA Margin 2.7% 16.3% 9.8% 16.0%
EPS (Ps.) (0.66) 1.12 270 1.58 0.96 (39)
EPS ADS (US$) (0.20) 0.34 267 0.49 0.29 (40)

The IFRS 5 effects included:

1. Social Infrastructure projects: As a result of the agreement to sell a 70% equity stake, the operating results have been reclassified as discontinued operations. The non-current assets were classified as available for sale, and included in current assets, since it is expected that they will be recovered through a sale transaction and not through continuous use. The liabilities associated with these assets are presented in aggregate in one line item, separately from the other liabilities of the Company.

2. Housing: Since an originally agreed sale of housing assets was not completed within one year of the date of classification, results from operations have been reclassified from discontinued operations to continuing operations. In the balance sheet, the assets and the liabilities are no longer classified as available for sale.

The following table illustrates the effects of the reclassifications.

2012
Ps. million Base Housing Social Infra. Restated
Revenues 37,486 2,045 (1,409) 38,122
Adjusted EBITDA 5,180 (497) (942) 3,740
Adj. EBITDA margin 13.8% 9.8%

2013
Ps. million Base Housing Social Infra. Restated
Revenues 31,804 554 (2,801) 29,556
Adjusted EBITDA 6,592 63 (1,921) 4,733
Adj. EBITDA margin 20.7% 16.0%

Full year revenues were Ps. 29,556 million in 2013, as compared to a restated Ps. 38,122 million in 2012, taking into account the reclassification of Housing and the social infrastructure projects.

Full year Adjusted EBITDA was Ps. 4,733 million as compared to a restated Ps. 3,740 million in 2012, taking into account the reclassification of Housing and the social infrastructure projects.

In addition to the two accounting changes mentioned, 4Q13 results included a tax credit of Ps. 379 million, principally as a result of the cancellation of the deferred single-rate corporate tax (IETU) liability. See the section Material and Subsequent Events below for additional discussion of the tax reform that became effective in 2014.

Consolidated net income was Ps. 1,082 million in 4Q13 and net income of the controlling interest was Ps. 681 million in 4Q13. Earnings per share were Ps. 1.12 and earnings per ADS were US$ 0.34.

Key Indicators Dec-12 Dec-13 % Chg
Construction: Backlog 27,187 30,658 13
Contracted Mining Services 8,166 5,700 (30)

Construction backlog and long-term mining and other services contracts increased to Ps. 36,358 million. In addition, ICA's non-consolidated subsidiaries and joint ventures, principally ICA Fluor, had total backlog of Ps. 10,864 million.

Construction contributed 75% of consolidated revenue and 31% of Adjusted EBITDA in 2013. Concessions contributed 14% of consolidated revenue and 42% of Adjusted EBITDA in 2013. Airports contributed 12% of consolidated revenue and 27% of Adjusted EBITDA in 4Q13.

As of December 31, 2013, ICA's Concessions segment was participating in 18 projects, including 11 highways, four water projects, two social infrastructure projects, and one port. Of these, nine were in full operation, and nine under construction.

The full earnings report is available at www.ica.com.mx.

Conference Call Invitation

ICA's conference call will be held on Thursday, February 27, at 10:00 am Eastern Time (9:00 amMexico City time). To participate, please dial toll-free [phone] from the U.S. or [phone] internationally. The conference ID is 97574191. The conference call will be Webcast live through streaming audio and available on ICA's website at http://www.ica.com.mx/ir.

A replay will be available until March 6, 2014 by calling toll-free [phone] from the U.S. or [phone] internationally, again using conference ID 97574191.

This press release may contain projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V (ICA). is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit www.ica.com.mx/ir.

CONTACT: For more information contact:
Ana Paulina Rubio
[e-mail]

Elena Garcia
[e-mail]

Rebeca Avalos
[e-mail]

[e-mail]
(5255) 5272 9991 ext.3608

Gabriel de la Concha, CIO
[e-mail]

Victor Bravo, CFO
[e-mail]

In the United States:
Daniel Wilson, Zemi Communications
(1212) 689 9560
[e-mail]: Empresas ICA, S.A.B. de C.V(ICA). Logo

2014 GlobeNewswire, Inc.

[detearing]

Looks a beat on many areas....popid-bopita

[chmcnfunds]

Thanks, got from the company website that it is today AH with a CC tomorrow.

ICA

[detearing]

http://www.earningswhispers.com/stocks.asp?symbol=ica

Supposed to be after close, but not confirmed. I know big guns get the information prior to public...they pay for it...

Should be interesting...I added just now...

[chmcnfunds]

Not in ICA but watching heading into earnings. Sure has sold off the past few days and see the same for the Mexican exchange.

Can't find any earnings estimates anywhere. You see any?

ICA

[detearing]

Good news but stock flat....

[detearing]

Looking good - my target is $14 area...

[chmcnfunds]

Above the 50 DMA, but also above the upper BB. Making nice moves:



ICA

[chmcnfunds]

5 Stocks Under $10 Making Big Moves

BY Roberto Pedone| 11/15/13 - 08:15 AM EST

Empresas ICA

Empresas ICA (ICA) is engaged in construction and related activities, including the construction of infrastructure facilities as well as industrial, urban and housing construction. This stock closed up 4.2% to $7.39 in Thursday's trading session.

Thursday's Range: $7.05-$7.51
52-Week Range: $6.14-$13.73
Thursday's Volume: 857,000
Three-Month Average Volume: 506,189

From a technical perspective, ICA ripped higher here right off some near-term support at $7 with above-average volume. This stock has been downtrending badly for the last month and change, with shares moving lower from its high of $9.34 to its recent low of $6.85. During that downtrend, shares of ICA have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this bounce higher on Thursday could be signaling that the downside volatility for shares of ICA is over in the short-term, and the stock is ready to bounce higher.

Traders should now look for long-biased trades in ICA as long as it's trending above some key near-term support at $6.85 and then once it sustains a move or close above Thursday's high of $7.51 with volume that hits near or above 506,189 shares. If we get that move soon, then ICA will set up to re-test or possibly take out its next major overhead resistance levels at $8 to its 50-day moving average at $8.31. Any high-volume move above $8.3 will then give ICA a chance to tag $9 to $9.20.
_________________________________________________
http://www.thestreet.com/story/12110911/1/5-stocks-under-10-making-big-moves.html

ICA

[detearing]

Thanks, I think we are looking good today. I am holding and not adding yet. This one can tank or soar...I have a good amount that I will continue to have a $14 target or add if it tanks...

[chmcnfunds]

ICA has begun to move today. Believe bottom has been realized:



ICA

[detearing]

I think we are on the same page. I am looking at June 20th for a place where I could add...around $6.5 area. I do know that though it may be corrupt, buying near the bottom of ICA can prove to make a nice short term swing trade.

[chmcnfunds]

Hope there will not be a double bottom. Oversold and it looks as if the indicators are currently turning positive.

You are probably correct that ICA is corrupt. Seems hard to get information about the company, but the analysts seem positive with a lot of upside. It just seems to be too big to fail and always bounces back from lows. I sort of look at it as a swing chart play, never a long term.



ICA

[detearing]

I do have a small position and am holding. Will add if l sense this is a double bottom...or will add at 6, 5 and 4...ln the back of my mind there is suspect that lCA is corrupt, but l am in it witha target of $14 for half my shares.

[chmcnfunds]

Two news releases after-hours yesterday, each involving major construction:

1) Two Hospital Construction Contracts

2) ICA Consortium Awarded US$ 272 Million Pipeline Maintenance Contract in Colombia

ICA

[detearing]

I will add if it drops to $5. Chart not looking good...still holding. Largest Mexican contractor....cannot follow too much dd...hunch it willbe ok on long run.

[detearing]

Nope was not watchin...got fifty stocks...this aint one of my babies yet. Small quantity...drops below my entry and l will load more.

[chmcnfunds]

Thought it was a good day considering the overall market. With the quarterly over we ought to be able to depend on technicals which seem very positive. Was a bit concerned before market opened when the bid dropped to $6.31 a few minutes before 9:30 -- weren't you?


ICA

[chmcnfunds]

Empresas ICA's CEO Discusses Q3 2013 Results - Earnings Call Transcript

Oct 28 2013, 14:16 | about: ICA BOOKMARK / READ LATER

Empresas ICA SAB de CV (ICA) Q3 2013 Earnings Conference Call October 28, 2013 11:00 AM ET

Operator

Welcome to the Empresas ICA third quarter earnings conference call. Your host this morning will be Mr. Victor Bravo, ICA’s Chief Financial Officer. After the speakers' remarks, there will be a question-and-answer session. (Operator Instructions).

I would now like to turn the call over to Mr. Victor Bravo to begin.

Victor Bravo - Chief Financial Officer
Thank you, Operator. Good morning and thank you for joining us for ICA’s third quarter 2013 conference call. Joining me are Gabriel de la Concha, our Chief Investment Officer and Head of our Investor Relations Department, and a new IR team including Ana Paulina Rubio and Elena Garcia. I will go over ICA’s third quarter operational and financial results, our debt positions and update on our outlook for the year. After this, we will open the call to your questions.

Five accomplishments stand out in ICA’s third quarter results. First, Concessions revenues grew more than 100% for the second quarter in a row. This was the result of the start-up of four concessions late last year, plus the continuous maturation of orders.

Second, Airports continues to generate consistent growth with strong margins as a result of traffic growth and expansion of non-aeronautical services.

Third, Construction has ramped up steadily during the course of the year, although it is still below target. Third quarter Construction revenues were 11% above the second quarter and 30% more than the first quarter.

In combination, the results of the three business segments produced a 70% increase in operating income and a 27% increase in consolidated adjusted EBITDA, compared to third quarter 2012, even though total revenues decreased.

Fourth, we reduced net debt by 13% or Ps. 6.3 billion as compared to June 30, as a result of the application of funds from the two strategic transactions to sell RCO and a portion of our OMA shares. Those proceeds were used principally to pay short-term corporate debt. We will have some small additional asset sales in third quarter and we expect to continue to recycle assets to fund new concessions and further reduce debt as part of our portfolio asset management.

Fifth, backlog is Ps. 34 billion equivalent to 22 months work at the average rate of the first nine months of 2013. The total level of backlog has been maintained above the December 31, 2012 level, even with the economic slowdown in Mexico.

Our non-consolidated affiliate, ICA Fluor, grown from very large contracts from Pemex and Pemex Mexican joint venture, with a total contract value of approximately $410 million, most important of this is the distillate processing plant at the Tula Refinery. The contact is the first stage of what is expected to be a multi-billion dollar ICA’s [series] initiative for Pemex. These new industrial construction projects, which are included in non-consolidated outlook, will contribute significantly to our cash flow [contingencies].

Looking at the results of our business segments in second quarter, Construction revenues were Ps. 6 billion. The operating margin grows to 7.2% and adjusted EBITDA margin was 9.4%, above the levels of the prior year.

The MItla-Tehuantepec and Barranca Larga - Ventanilla highways have become the largest civil projects in construction. The Playa del Carmen branch of the Mayab and the Palmillas - Apaseo El Grande tollroads have also entered construction. The 23% decrease in Construction revenues results from delays in the delivery of rights of way, slow payments by some clients (inaudible) our working capital and the relatively low start-up pulling out new projects for bids by the government.

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http://seekingalpha.com/article/1779242-empresas-icas-ceo-discusses-q3-2013-results-earnings-call-transcript?page=1

ICA

[detearing]

PPS up just under 2% to $7.85 after a mixed earnings release...lots of upside...holding.