Speculator 73
06 Jul 2016
Going Down SFE is going down and down - is it just following the trend?I mean with the company stats as good as previously mentioned and how they are doing at the moment surely this is supposed to be at nearly £3 if not above.have I missed anything?
smilingmickey1
20 Jun 2016
Re: Undervalued? HI Rhigos,The thing that really impresses me about this Company is its cash management.. I'm assuming that they take significant deposits or benefit from consumer finance offered at the time of order placement. iI you take a look at their outstanding accounts at the year end you will see receivables are very low % of the sales revenue, so working capital is minimised and ROCE very high. Also they were holding lots of cash at the year end and generated more cash than profit in 2015.The recent divi award was 13.6p (including a 6.8 special) which give more than 5% payout. Should be able to withstand a downturn in sales without too much problem and if sales increase there should be more special divis returns going forward.
Rhigos
20 Jun 2016
Re: Undervalued? This company appeared when filtering for good yielding companies:Yield 3.5% min 8% maxForecast yield 4% min 9% maxCovered x1.3 minTotal return in last 12 months 5% minGearing <100%ROE min 10% paThings that did not look so good regarding growth:Forecast EBIT growth 14.4% but 3 year average 22.5%Pre-tax profit growth 16% but 3 year average 22.6%Forecast normalised EPS 13.9% but 3 year average 24%All these suggest growth slowing though still look OK to me.
smilingmickey1
17 Jun 2016
Undervalued? Well the xd date has just passed.Seems that this share is now undervalued. There is a great business model here, so even if there is some downturn in sales the Company should still be generating good levels of cash.
bushwhacker
20 May 2016
Safestyle order intake growth for the first six months of 24 % is great news. With that and the ex special dividend date next month we should see a little rise to at least above £3.
mcescher
27 Mar 2016
SFE vs ENTU comparison graphic, quite cool Excellent Safestyle / entu comparison. Have you guys seen this website before? I only just discovered it covers AIM. [link]
pharmaspecialist
18 Mar 2016
Re: Slowly slowly One fundamental strength of this company is the fact that it throws off lots of cash. It's a return on capital employed has been over 50% for the past couple of years which is an excellent figure considering it is doing this at the same time as increasing market share. My conclusion is that double-glazing is a good business to be in!
IOMINVESTCOM
18 Mar 2016
Safestyle reports special divi Safestyle reports special diviDouble glazing company Safestyle (SFES) has reported further share gains and a special dividend.Liberum analyst Charlie Campbell retained his ‘buy’ recommendation and increased the target price from 280p to 310p. The shares rose 3.3% to 277.3p.‘Safestyle’s 2015 results were strong, as expected, with sales of c.10% driven by another year of market share gains,’ he said.‘Growth improves in the second half due to the success of the finance offer, with momentum continuing into 2016. A surprise special dividend of 6.8p should increase investor focus on high and rising free cashflow. Our revised target price of 310p is based on 7% free cashflow yield. We leave estimates unchanged, conservatively.’[link]
smilingmickey1
17 Mar 2016
Re: Slowly slowly The Company is gradually increasing its market share and investing in the business which will hopefully keep it's cost base down. It is debt free and the special divi gives a nice payout for shareholders.
valuemanbuyer
17 Mar 2016
Slowly slowly A goodSolid set of results .slightly disappointed they have t made 10% earnings growth but they might have if it weren't for the poor first half. It's one to put away and hold over time in the knowledge that it is growing sales and profits 5-10% per annum following a proven winning formula. A good way to make substantial gains in the long run.
IOMINVESTCOM
27 Jan 2016
Re: Safestyle marks strong start to 2016 Well spotted - They have amended!!Safestyle marks strong start to 2016Double-glazing companySafestyle (SFES) has had a strong start to 2016 and the valuation is ‘compelling’.Liberum analyst Charlie Campbell retained his ‘buy’ recommendation and target price of 280p on the shares, which rose 3.1% to 245.3p yesterday.‘Safestyle’s full year trading update has revealed sales up 9.5% and profit before tax up 7% in line with expectations,’ he said.‘The group has continued to significantly outperform the industry with volume growth over 10% stronger. Sales growth accelerated from 7% in H1 to 12% in H2 and strong momentum has carried into January. We find valuation compelling, especially the free cash flow yield of over 8.5% and a dividend yield of 4.7%, which could be augmented by capital returns over the coming years.’
Eggbaconandbubble
26 Jan 2016
Re: Safestyle marks strong start to 2016 ? Safestyle is not a 'Storage company'.
IOMINVESTCOM
26 Jan 2016
Safestyle marks strong start to 2016 Safestyle marks strong start to 2016Storage company Safestyle (SFES) has had a strong start to 2016 and the valuation is ‘compelling’.Liberum analyst Charlie Campbell retained his ‘buy’ recommendation and target price of 280p on the shares, which rose 3.1% to 245.3p yesterday.‘Safestyle’s full year trading update has revealed sales up 9.5% and profit before tax up 7% in line with expectations,’ he said.‘The group has continued to significantly outperform the industry with volume growth over 10% stronger. Sales growth accelerated from 7% in H1 to 12% in H2 and strong momentum has carried into January. We find valuation compelling, especially the free cash flow yield of over 8.5% and a dividend yield of 4.7%, which could be augmented by capital returns over the coming years.’[link]
bushwhacker
25 Jan 2016
Update Satement Good solid growth reported again.A weakened market which has turned a cornerIncrease in market shareEarnings per share meeting forecast of ~22.6p puts Safestyle on a very cheap Price Per Earnings of 10 - 11. Should see this share go in the range of £3 - 3.50.
IOMINVESTCOM
25 Jan 2016
Re: Year End Trading Update 25 January 2016Safestyle UK plc("Safestyle" or the "Company"
Year End Trading UpdateSafestyle UK plc (AIM: SFE), the leading UK-focused retailer and manufacturer of PVCu windows and doors for the homeowner replacement market, is pleased to provide a trading update for the year ended 31 December 2015.The Company has continued to trade well, with revenue for the year increasing 9.5% to approximately GBP148.9 million (2014: GBP136.0 million). In addition, profit before tax has shown good progress and is anticipated to be in line with consensus market expectations(1). The expected strong performance in the second half saw double digit growth in both sales and profit.Against the backdrop of a weaker market in 2015, the successful rollout of our enhanced consumer finance offer helped to drive growth in the year, particularly in the second half. As expected, operating margins will show some decline in the second half as a result of the additional subsidy costs related to this offer. The Company has continued to increase market share from 8.48% as at 31 December 2014 to 9.46%(2) as at 31 December 2015, according to FENSA data. That data shows an overall market contraction for 2015 of 6.6%.Our growth is also reflected in the increase in frames manufactured during the year, up 4.4% to 279,453 (2014: 267,642 frames), whilst the number of installations increased 4.3% to 60,134 (2014: 57,682). The order book at the year-end was 1.2% up on prior year.Cash flow has continued to be strong and we ended the year with cash of GBP16.5 million (31 December 2014: GBP8.5million).The Company intends to announce its audited results for the year ended 31 December 2015 on 17 March 2016.Steve Birmingham, CEO of Safestyle UK, commented: "I am pleased to report that trading over the year has been robust. We have continued to heavily outperform the market, thanks to the quality of our product range, the attractiveness of our finance offer and the effectiveness of our sales and marketing efforts. We have seen a strong start to 2016 and are confident of building on the progress made in 2015."(1).Consensus market expectations for FY2015 profit before tax is GBP17.6 million (2014: GBP16.4 million) after charging share based payments of GBP0.4 million (2014: GBP0.4 million)(2) .Based on revised FENSA installations Safestyle's amended market share for H1 was 9.38%
