Simbr
09 Jun 2016
Re: Half year results Another note from Edison: "A good H116 from Creative Technology, particularly in the US, underpins our maintained profit forecast for the full year. Avesco’s FY14 restructuring is clearly delivering on the promise to smooth results between odd and even years, while the recent sale of Fountain Studios has realised cash to pay down debt and increase targeted investment in equipment. With a progressive dividend, a discount to net assets and a very modest multiple, the group is an attractive and coherent investment proposition." got this from Research Tree too
Simbrad
09 Jun 2016
Another note from Edison: "A good H116 from Creative Technology, particularly in the US, underpins our maintained profit forecast for the full year. Avesco’s FY14 restructuring is clearly delivering on the promise to smooth results between odd and even years, while the recent sale of Fountain Studios has realised cash to pay down debt and increase targeted investment in equipment. With a progressive dividend, a discount to net assets and a very modest multiple, the group is an attractive and coherent investment proposition." got this from Research Tree too
Simbr
09 Jun 2016
Re: Half year results "Group earnings quality continues to improve as a result of restructuring, and involvement in the Rio Olympics will help H2. Post the Fountain Studios property sale, the balance sheet is strong with modest net debt. The shares are trading below NAV with earnings and dividends on an upwards trend. Strong trading, strong balance sheet. Revenue increased 10% to £73m (2015: £66m). Operating profit of £15.3m included profit from the sale of land and buildings at Fountains Studios of £9.8m (£7.7m post-tax)." finnCap wrote a note this morning, it's up on Research Tree...
Simbrad
09 Jun 2016
"Group earnings quality continues to improve as a result of restructuring, and involvement in the Rio Olympics will help H2. Post the Fountain Studios property sale, the balance sheet is strong with modest net debt. The shares are trading below NAV with earnings and dividends on an upwards trend. Strong trading, strong balance sheet. Revenue increased 10% to £73m (2015: £66m). Operating profit of £15.3m included profit from the sale of land and buildings at Fountains Studios of £9.8m (£7.7m post-tax)." finnCap wrote a note this morning, it's up on Research Tree...
Blanketstacker
09 Jun 2016
Half year results Unusually this is flying around like a madman's excrement this morning!The results are interesting:One off profits from property sales flatter the bottom line, and mean debt is reduced to under £4m (10% of the market cap, or 20% of EBITDA). Trading profit actually fell 10% while revenues rose by the same proportion. Net assets per share are now quoted as 230p. That seems very comforting to me. The Chairman 'remains very positive'.With the price now jumping around the 200 mark we have
ER = 10Yield = 3.2% (Covered x2)A positive stock rank on Stockopedia is worth a note, as is the fact Paul scott took this as one of his three potential best AIM performers for the coming year.Seems worth a go at the mo.
Greyinvestor
10 May 2016
First purchases Made my first purchases of these at £2.07, seem to have reasonable prospects.......
mcescher
30 Mar 2016
Interesting look at intrinsic value of Avesco Group Great dividend stock, this infographic shows the recent performance [link]
II Editor
31 Dec 2015
NEW ARTICLE: Stockwatch: Odds move in favour of this share "Is LSE:AVS:Avesco poised to surprise on the upside again? This £43 million AIM-listed creative technologies group is low-profile and has omitted any trading update ahead of mid-January prelims; but the last time it did report, at last June's ..."[link]
Alligator77
07 Jul 2015
Re: What price to sell at? Sell half - run the rest.
Another Jacko
06 Jul 2015
What price to sell at? Does anybody have any views of when these will have reached a fair value? I'm thinking £2.50 or so but I'm already nearly 100% up. If they do 25p earnings this year they will only be on a p/e of 10 and that in an odd year when earnings tend to be lower so it could be worth holding on for more.What do others think?
