BigBobby20
21 Sep 2017
Re: Canaccord comes aboard Hi CantseetheWood:I'd missed that. Thanks for pointing it out.BB20
Cantseethewoodsforthetrees
21 Sep 2017
Re: Canaccord comes aboard They picked up 7% of the shares through their purchase of Hargreave Hale.'This disclosable event is as a result of the acquisition of Hargreave Hale Limited by Canaccord Genuity Group Inc., through its wholly-owned subsidiary Canaccord Genuity Wealth Group Holdings (Jersey) Limited.'Doesn't mean, unfortunately that they intend to keep their new holding, as they had only 1% beforehand.I suspect that AMS and the rest of the general market will drift in the short term. FTSE 100's back to where it was at the start of the year.
BigBobby20
21 Sep 2017
Canaccord comes aboard So, Canaccord thinks it is worth picking up 7% of the shares. That should inspire some confidence in those who think AMS has gone too far, too fast. No doubt the recent retracement presented too good an opportunity to miss, as a return to the high of 325p will mean a 14% return on the prevailing price on the date of purchase (18th September). But Canaccord may well stay on board for the longer term in the expectation of bigger and better returns. After all, the interims promise continued organic growth and some new products in the mix. The heady PE ratio that worries some posters here should be seen in the context of continued growth in revenue/profits and, of course, cash in hand of 55 million (which may well reach 70 million by the end of H2 in three months time). What's not to like? Can't say I disagree with the Canaccord timing, though my own strategy for adding to my holding has been to watch for the rare retreat by the SP into territory that lies below the 200 day moving average. BB20
winningstreak
19 Sep 2017
Re: H1 Games - You have a point, but I still would feel safer with AMS thanany other high PE-rated stock. Having said that, there is a crude saying in the general trade which is: "If the brothel goes on fire even the pretty girls burn". I feel good with AMS, would not want to be without my little stake. Nothing is entirely safe, indeed it could be said that money in theBank is the most dangerous place of all, as the cash is guaranteed to be worth a good deal less in time to come.Cheers,ws
gamesinvestor
18 Sep 2017
Re: H1 winning -- I guess the difficulty here is a lot of future growth is baked into the price.A P/E of 32 and a growth rate of 10% is quite pricey.The thing that could hit AMS is not the strength of the business, which seems conistently very good, it's an overall market re-rating.If that happens, nothing will escape it.I recently sold Abcam because I think the next 5 years growth is already priced in.These are are brilliant companies but have been re-rated up very highly in the last years.I also have Renishaw and that has risen 179% while I've been holding it in 2 years.One gets the feeling that all this has gone too far, and too fast -- just like the UK housing market in the last 10 years -- everyone thinks it's a one way bet and they can never lose.I think there was a shock today when from August-September the average price drop in London was £18,000 in one month and £300,000 drop in Kensington and Chelsea.Games
Cantseethewoodsforthetrees
15 Sep 2017
Re: H1 Credit to British Bulls who got it right here on this occasion:[link]
winningstreak
14 Sep 2017
Re: H1 Often the share price here falls back somewhat after Results, often theshire price recovers (indeed more than recovers) soon after.PE-ratio is high, but AMS deserves a high PE-ratio. Not many sounderor better Companies to be found in the market.If the share price falls a bit further in the next day or two, then I reckonthe turning point will be 280p.IMHO,ws
tejo
13 Sep 2017
Re: H1 Nothing wrong with the results but the market was expecting better and with v high P/e and very low yield, I think that we are in for quite a wait before the sp picks up again.
winningstreak
13 Sep 2017
Re: H1 Gamesinvestor - Pretty good assessment, I already had come to much the same conclusion. Although I remember from previous statementsthat part of the input costs are in Euros and/or Dollars, so that would addto the cost of production/sales, which would make the underlying profit growth (outwith currency benefit) stronger than your estimate.And look at the cash pile in the bank, wow! Cheers,ws
23Jez
13 Sep 2017
Re: Share price and ?share drifting interim results Hi I can see nothing in the interim results to warrant any decline. From a technical analysis perspective the price is above the 90 and 200 day smas. When I last looked it was touching the 20 day sma.Currenc;y when I last read about this some while ago this was mainly in dollars not UK pounds. In which case there could be a possible buy signal.The dividend date is 30 September.DYORBest wishes 23Jez
Cantseethewoodsforthetrees
13 Sep 2017
Re: H1 Decent results. Short-termers bailing?Perhaps shows how nervous PIs are.For long termers only.
gamesinvestor
13 Sep 2017
Re: H1 "Question is to what extent were profits boosted by low £. "Winning, the revenue growth was 17% of which constant currency was 8%So that implies that 9% was due to currency on revenue or about 53% of that revenue growth was due to currency shift.The pre-tax profit rose 21%, so if you reflect similar %'s then you are looking at over 11% profit growth due to currency shift and still a healthy 10% real profit growth.Games -- an estimate, but probably close enough.
winningstreak
13 Sep 2017
H1 H1 Results look good. Sales boosted by low £ Question is to what extent were profits boosted by low £. ws
winningstreak
12 Sep 2017
Re: Drifting... 23Jez - I am not a chart kind of man. I focus on what the Companydoes, and invest accordingly. But generally speaking I do think it correct to say that AMS's share price tends to come down a bit atnear Results, before or after. Should not worry long term holders.IMHO,wsP.S. You may have read my negative comments at IQE, I have notchanged my mind, I fear small shareholders are carried along bytwo overwhelming messengers, who have their own large interest at heart. In my view, IQE makes wafers, a commodity product on which there is no patent, anyone can make the wafers, the machines for that can be bought by anyone. For 'anyone' read Companies operating in that field. Time will tell whether I am wrong or correct on this.
23Jez
11 Sep 2017
Re: Drifting... Hi wsJust been looking on the message board not done so for a while.I have to support others who disagree with you.I tried to copy the iii chart but clearly have forgotten how to do so and do not have time to find another comparable one at the moment (going to the hair dresser).If you click on the chart tab and then on chart you will get the chart page; from settings use a 3 year time frame and 20day and 50day moving averages. then click plotYou will see that within that time frame the only time it has drifted down wards is the last quarter of 2016 and for a week approx in early January 2017. I sold before the bottom and bought back when it moved back again after it was back above the 20 day moving average. Made 20% profit. I am an investor not a trader so I do not usually do this.However as a retired doctor I think a) there is a huge and expanding market for their products for reasons of an aging population and most importantly they workb) the market will continue to expand for the increasing large subgroup with diabetes and obesity often self inflicted as many in the subgroup have not looked after their health, smoking diet exercise etc and it is not possible to entirely mitigate the adverse consequences of this neglect in old age, particularly intractable lower leg ulcers c)their products amongst other things can give pain relief and promote healing, and outcomes vary from total healing to substantial improvement.It is a bit like IQE; the above exampleonly refers to a part of their product range and some applications. Furthermore because approval of medical products is rigorous and time consuming, if they ever are in trouble we are likely to receive good advance warning. I use TA signals as my main warning signals for timing both buys and sells. However you must use your own research as in my opinion no system is infallible or providescast ironclad protection against falling knives.As always the above is my opinion and the usual health warning DYOR applies.Best wishes 23Jez
