Blanketstacker
27 Mar 2018
Interims yesterday Revenues up and profits too, but I found this rather frustrating:"Costs associated with the change of management generated exceptional items of £231,357; these were associated with the restructuring of the business and are a one-off, non-recurring cost".This looks like a pay off to get rid of the previous management, who were also the founders of the company. That sum represents almost 15% of revenues!! That seems excessive to me.Having said that, with 35% of the market cap in cash this tiddler should be OK, and a dividend remains likely!!
Blanketstacker
18 Apr 2017
Re: How risky? Very belatedly 'welcome aboard'! And congratulations on AGP!
Krayl
10 Apr 2017
Re: How risky? I have taken the plunge and bought some of these. I can't expect it match AGP though - that has just paid out 129p dividend on a share price of 47p!
Krayl
20 Sep 2016
Re: How risky? Thanks for your input, very useful.I like that it is majority held by the owners and they take out the profit by dividends. You may like to also look at AGP which is a more extreme example of the same thing.
Blanketstacker
20 Sep 2016
Re: How risky? Apologies, I also meant to answer your question! On the down side, the company provides training films and 'live events', either as parts of training schedules or for 'team building' exercises. I know from experience that in the case of a recession this type of activity is among the first to be dispensed with. Also, that market is now very competitive and there are no real barriers to entry. More positively the company seems to have many returning customers,and feedback is excellent. They have important and substantial networks. The company is easily scalable: when the recession comes they simply dispense with the contract staff and freelancers. And finally the directors own nearly 80% of the company, and do NOT have massive slaries or benefit packages. They therefore seem to depend to some extent on their dividends. If nothing else there is no debt!How risky? Probably a good bit, but what dividend isn't these days?
Blanketstacker
20 Sep 2016
Re: How risky? You summarise very well. It is hard to judge this as news is thin on the ground: no announcements since March and nothing due until the finals at the end of next month. I would point out the high yieldis dependent on repeated special dividends, but these have been strikingly regular. There were director buys in teh 50s, so at least one good sign!
Krayl
19 Sep 2016
How risky? I have just come across this share when researching for my high income portfolio and am finding it diificult to assess the risk. The profit margin appears to be rather shaky, one gets the impression that with a small change in their market place it would soon be in loss.On the other hand they have a massive amount of cash for the size of the company (how did they build that up?)The price history is very strange when compared to the balance sheet. There must have been some good rumours around in 2014 that didn't materialise.Do major companies really trust a brand called 'Cheerful Twentyone'? I suppose it is better than the unpronouncable Aeorema which appears to have been invented so that there are no other Google hits.Overall I think there is significant potential upside, probably little downside, and excellent dividend potential, so I will start with a small buy and look to increase.
Sidevalve
04 Mar 2016
Re: Special dividend... I'd also be surprised if we didn't get a final dividend so the yield will be much higher over the year.What a cheap share!
Blanketstacker
03 Mar 2016
Special dividend... ...of 3p, ex-div 10 March. Yield of 9%!
waytogo333
25 Mar 2015
Re: Results ........and now it's 28p.....................lol, that'll teach me to set a stop loss on ALL stocks.Ah well, hopefully it'll be up from this point....
BullSpread
17 Feb 2015
Re: bought some sold last week on bad results - large % loss but small in absolute terms reason why you never should put big amounts in these penny stocks. Gl,B
Blanketstacker
15 Feb 2015
Stickleback time? Is this tiddler worth snatching?PER = 11PEG = 0.3Possible yield = c5%Director purchase at 50p.The company has 35% of its market cap in cash.The half year report suggests a better second half, with some contracts being delayed into it.This is not one to retire on, but a recovery could give a profit of 15 or 20 per cent.Any opinions please?
BullSpread
06 Feb 2015
bought some Bought a very small amount here - purely speculating on upcoming results (next week)
