Greyinvestor
08 Sep 2017
Market news Pretty grim read across from Safestyle this morning.....sales down, input prices up.......welcome to the world of Brexit uncertainty.....
bergerac
06 Sep 2017
bad debt Very disappointing if there is no valid credit insurance in place to cover a large part of this debt.
schwee
06 Sep 2017
Re: Update this morning A quick glance at Entu's published figures would have shown they were in deep poo. It does not say much for Epwin's decision making progress in allowing a £4m debt to build up.Let us hope the management are not just yes men/ women. So I remain to be convinced about Epwin's prospects.
Greyinvestor
01 Sep 2017
Re: Is Epwin a dividend trap? My money is on a dividend held for now, a possible bad debt at Entu, and I would also suspect that they will be looking at acquiring some old Entu businesses.
Div Hunter
31 Aug 2017
Re: Is Epwin a dividend trap? I came in here with the yield at 6% & it's only the recent falls that have made it 10%. The sentence in the trading statement "commenced a programme aimed at adjusting its capacity and cost base" sounds to me like there could be a review of the dividend whilst the other sentence "continuing our record of strong cash generation and our ability to offer an attractive dividend to shareholders." implies it will be maintained . We'll find out 13th Sept, I intend to hold, expecting an interim of between 2% & 3% of the current SP, hoping of course for a pleasant surprise & the maintaining of 2.2p.
Greyinvestor
24 Aug 2017
Re: Is Epwin a dividend trap? I'm a holder.Entu has gone under today, but looks like it's aiming to sell it's operating businesses. Who knows, maybe Epwin will buy some......
pharmaspecialist
23 Aug 2017
Is Epwin a dividend trap? I was just reading an article from Stockopedia about today's disastrous trading statement from Provident Financial and the way this company turned out to be a dividend trap following today's share price collapse. It might be instructive to compare the situation with Epwin as I am sure some may also be concerned that the same might happen with Epwin. comparison, Epwin's net debt is only about one times earnings (Provident Financial's is about 5 times earnings) and unlike Provident Financial, Epwin is not in the middle of changing its operating model. Also, no part of Epwin's business is under investigation from regulatory authrorities, unlike that of Provident Financial. I would also argue that Epwin's business is simple as it produces stuff which it sells mainly to trade buyers, whereas Provident Financial's business model looks a good deal more complicated to me. On the other hand, Epwin's profit margins are a good deal less attractive than Provident Financial's. So all in all, I found this comparison reassuring but of course Epwin is a cyclical business so there is plenty of scope for further declines if the building/renovation sector goes downhill. However, I will hold through any further falls in the sector as I think Epwin is financially strong enough to come out the other side.
pharmaspecialist
22 Aug 2017
Edison research on Epwin Edison has published their research on Epwin today and although the lack of profit growth is disappointing they describe the company as being in robust financial health and expect the dividend yield of around 10% to be maintained. Their projected figures tend to confirm this but remember this is paid for research.
Greyinvestor
21 Aug 2017
Topped up again Topped up again this morning........Good value in my opinion......
Getifu
20 Aug 2017
Re: IC Comment Oops sorry wrong board!!
Getifu
20 Aug 2017
Re: IC Comment Write up in Mail says they will have to raise £500 million. [link]
jim b-r
19 Aug 2017
Re: IC Comment It's easy to knock the IC, and indeed their broad but shallow coverage of the entire market seems to identify winners less effectively than the likes of SCSW or Stockopedia. That said, they said Sell@79 and we are now down at 68p so they are right so far. I read the IC, because it provides a starting point for analysis, but I dont think their arguments point all that strongly to their Sell conclusion. In particularly given a yield twice covered, and guidance that full year profits will be just 'slightly below market expectations', it doesnt feel like the divi needs to be at risk. They mention 10% of revenue at risk for special situations with two clients, yet the SP has fallen more like 40%. And finally they refer to currency effects, but with these presumably accounted for in the guidance the only question is whether currency will worsen from here - there's not much consensus either way on that as far as I know. All of which leaves me feeling that although EPWIN prospects have been dampened, it's no basket case and it now feels oversold. Indeed Stockopedia (can be a bit of a 'rear view mirror') still rank it with a QVM of 86 and categorise it as a 'Contrarian' stock. Think I'll stay Contrarian.
Aberdeen_investor
18 Aug 2017
Re: IC Comment If you want to lose money, follow the IC magazine. Bunch of useless £$%$%all means, use the magazine to get to know new companies, you may not have heard before...but please don't follow their tips.. Do your own research...This is a long term company for me. Looking to buy in soon [within next month or two]
BlackPrince
18 Aug 2017
Re: IC Comment In fact looking at IC's site again I spotted this:'Epwin : Buy at 123p, target price 140p ('Hitting target prices', 2 May 2017)'Don't pay too much attention to what they say!
BlackPrince
18 Aug 2017
Re: IC Comment IC were still tipping Epwin at £1.04 in Feb 2017 with a target of £1.40 so I think you can safely ignore their view.
