Eventrollsloverocknroll
18 Aug 2017
Don't panic This finished up in after hours trading yesterday, was only pushed down by a small final trade at 3.75p below previous trades.There's low volume, and insufficient trading to warrant an additional 5% fall today. I bought at 101 and sold at 120. I've bought back in the company is strong and will weather a small profict warning imho.
Greyinvestor
18 Aug 2017
Running for cover It looks to me like all the small investors in EPWN are running for cover. This often happens when investors chronicle says 'sell'.I know that I'm crackers, but I've topped up this morning @ £0.67.The management seem to be primarily finance people. Despite their pitiful shareholdings (no buying from them either, yet) they should know how to do cost control properly.A Hold for me.
devonplay
17 Aug 2017
IC Comment "The big question now is whether the dividend is maintained. The group is confident of its ability to offer an attractive dividend, but it could do this even if the dividend were cut because on last year’s payout the yield is now 8.3 per cent. Ultimately, the loss of around 10 per cent of revenue will make it tough going in the short term, and we exit our buy tip (110p 23 Apr 2015). Sell"DL
ookyfly
17 Aug 2017
Re: Marked cards I sold my entire holding last week at an average loss of 28-29%. I needed cash to fund a discretionary trust for our children. Had I not sold my loss would have been well over 40%. You win some, you lose some and you lose some some more.
Vosene
17 Aug 2017
Re: Marked cards The company has been around since 1976, and in the admission document states they listed partly to fund acquisitions through share issuance. All seems fair enough, they're not to blame for the severe currency collapse from Brexit or the problems of other companies. Like DFS etc this is a downturn period but it will all switch around again eventually. So long as the balance sheet holds water, current price looks too low.
Greyinvestor
17 Aug 2017
Shareholders I take it back on shareholders, the institutional ones have changed and are fine;Anthony Rawson(1) – 14.22%Christine Kennedy – 14.22%Premier Fund Managers – 8.45%AXA Investment Managers S.A. – 7.17%Unicorn Asset Management – 6.73%Henderson Global Investors – 6.49%Ruffer LLP – 5.59%Miton Group Plc – 4.95%Schroders Plc – 4.86%
Greyinvestor
17 Aug 2017
Marked cards To my mind EPWN is now very much on probation, and I wouldn't expect to see anything positive for a while.There are a number of issues;Two big customers are disappearing.The market is softening.Brexit is hurting input prices.There could easily be an economic downturn in the UK.Directors have very low holdings and there don't seem to be any good institutional shareholders yet.Debt levels should be reduced.I will hold onto my modestly sized purchase but I'm expecting a long haul here. The only short term buyer could be a private equity or other bidder.If I were the management, I would strongly concentrate on building the balance sheet while maintaining the dividend. Forget acquisitions. Cash is king.
BlackPrince
16 Aug 2017
Re: Mild profits warning I agree. A near 9% dividend and huge growth potential.
Gunnergadin
16 Aug 2017
Re: Mild profits warning Seems like a combination of uncertainty and overreaction to me.Time to top up!
Greyinvestor
16 Aug 2017
Moderate first purchase Modest first purchase for me today @ £0.79If I were the board, I would stop acquiring and use the free cash flow to pay down debt. This is about water under the keel ie safety, rather than buying future earnings.
Greyinvestor
16 Aug 2017
Mild profits warning Mild profits warning out today. I suspect that Entu is one of the companies referred to as a customer......the way I read this is that EPS will be down on last year, which I don't find surprising. It's impossible for EPWN to avoid something that has affected it's direct competitors.Borker forecasts have already come down, but need to be lowered again.
In the dark yet again
10 Aug 2017
Re: SP Well I took a small 'plunge'. Bid/offer was annoying me so left a lowish(?) open bid out there at 94 and it just got filled. Only 1/2 of the powder I was prepared to throw at it but, at 94, it looks a pretty decent risk/reward to me.....the other half I'll wait and see early Sept, the week before the results are due. Famous last words? Let's hope not.Regards,ITDYA
Greyinvestor
02 Aug 2017
Entu Note that Entu has effectively died today. Here's part of the statement:'The Board notes that all of the proposals received attribute little value to the equity in the Company'Strong nerves required in this sector. I'm a holder in Crest Nicholson, but the supplier market is getting rough........I've not got a holding in Epwin......
ookyfly
30 Jul 2017
Re: Sp Bigboy,It wasn't a sharp fall in the sense of sudden and recent. It's been steady down for months, staying in a fairly narrow range.Ooky
devonplay
29 Jul 2017
Re: Sp Hi big-boy - that didnt feel quite right lolI agree this IPO'd at 100p back in 2014, so unless you sold out, holding since the market debut has got you nowhere.That suggests to me that the only reason to consider it might be for the income.Although, I've seen a note, analyst, suggesting a target of 180, but I need to understand the context of that - the realtionships between his firm and EPWN.I'm also concerned about the safety of the dividend in a slowing housing market, Sterling lower for longer and consumer over reach. I made a note to look at this if the PE went below 7, but I'm still not convinced.I just not sure there's enough safety margin in it. I may watch a little longer and see if it gets close to that 85 low (2015). If that div. is in question....what's the point, it's a hardly a growth market.DL PE 5
