glasgowboy
20 Oct 2015
Hi I AM THINKING OF MAKING A SMALL INITIAL INVESTMENT IN THIS COMPANY ANYONE GIVE ME GENERAL THOUGHTS , MY FEELING IS WITH THE CURRENT PER AT 21 THERE IS NOT MUCH ROOM FOR ERROR , AND NOT SURE IF I SHOULD WAIT FOR BETTER ENTY POINT HELP !!
II Editor
30 Sep 2015
NEW ARTICLE: 150929 FW Thorpe: A for quality C for value "A surge in the share price of FW Thorpe leaves me thinking the unthinkable. Maybe it’s time to reduce the portfolio’s holding.Little more than a week after writing up FW Thorpe’s full-year results in admiring terms, and having declared it ..."[link]
casabanker
28 Sep 2015
Re: Latest results Hello smilingmickey,I acknowledge the strengths of TFW that you have articulated and I agree that they are the type of advantages anyone would like to see in all of their stock holdings. A high PER can also be a sign of strength, especially if the Company is showing signs of growth. After all, it's worth paying a bit extra for quality. One potential hazard when holding shares in TFW is that the management hold a significant proportion of TFW's shares which can lead to illiquidity. Casa.
smilingmickey1
24 Sep 2015
Re: Latest results Casa,I think the EPS growth rate for FY 2016 may well exceed the 13% ish growth rate this year as the full benefit of the acquisition comes through. Maybe the forward P/E is close to 16?They generated a large amount of cash from operations in 2015 despite expansion of working capital to support growth. They have a large cash pile. There should be more cash generated in the coming year. IHMO there are likely to be a further hikes in the divi or some share buy backs or both in the coming year unless there are more acquisitions. It's a strong hold for me.SM
casabanker
24 Sep 2015
Re: Latest results I think TFW is a well run Company and that is why I bought some shares recently. Just after I bought in, the market had the jitters and TFW's sp fell so I topped up. The rising trend has been maintained so I am nicely in profit. However, the share now looks fully valued with a PER of over 20. The share is now a "hold" for me.Casa.
smilingmickey1
23 Sep 2015
Latest results Latest results suggest Thorpe might be on a bit of a roll.Benefits of the purchase of the Belgian subsidiary will only come through fully in the next results and could add nearly £1m to the bottom line.They generated almost enough cash last year to pay for the acquisition, support increased sales with increased working capital (stock and increase in payments due) whilst supporting the business with strong capex and hiking the dividend. If there is no further acquisition next year there should be an even big cash pile!
II Editor
22 Sep 2015
NEW ARTICLE: FW Thorpe: Tripping the light fantastic "Lighting fixture manufacture FW Thorpe is the archetypal stalwart, always, in its own words, trying “to do better than last yearâ€. Never taking ill-considered risks. I spent a recent afternoon extending my FW Thorpe spreadsheet back to ..."[link]
casabanker
19 Aug 2015
Re: Mello 2014 investor event davidosh,I'm a long time responding to your message but I attended the Saturday event only of the mello event and if held again, I intend to go for the full three days if I can last the pace! The event was well attended and was well worth the effort. I met the Thorpe management on the day and was sufficiently impressed to put the Company on my watch list, I intended to wait for a dip in price but hasn't happened so I have bought some today on a slight fall. I don't consider this share to be an exciting growth stock and the dividend isn't great but the record of price improvement over the last ten months knocks most large caps into a cocked hat. It stries me as a good well run Company with a conservative approach and able to add acquisitions that are profitable and able to contribute to overall profits. I like a reliable management that takes shareholders into consideration. Casa.
II Editor
01 May 2015
NEW ARTICLE: Eight shares for the future "Although I've removed FW Thorpe from my list of shares for the future, I'm not heading for the exit. At 8%, FW Thorpe is the Share Sleuth portfolio's biggest holding, precisely because I have a lot of confidence in its future. The shares have ..."[link]
smilingmickey1
02 Apr 2015
Acquisition Seems to make sense. Complimentary products can me marketed through each of the sales channels. Maybe some opportunities to rationalise to reduce combined cost base. Better exposure by Thorpe to EU markets. Keeping existing management on board incentivised by promise of higher proceeds from sale of balance of business in 3 years time. No dilution.
