OmniChart

SN gamesinvestor 29 Oct 2015

S&N numbers Stock dropped 6% this morning due to the acquisition of the robotics firm.Prompted me to look at it in more detail.Two things struck me as odd and a little alarming.1. It's debt (borrowings) have risen from £642M in 2010 to £1,666M in 2014 -- a rise of 259%2. Operating profits during that period have fallen from £920M to £749M -- a fall of 19%3. The Revenue has risen from £3.96 Bn to £4.61 Bn -- a rise of 16%So it's pumped up debt enormously (still safe) but to achieve a rise in sales at what appears to be much lower prices.In essence it looks like the business is running to stand still, and in profit terms relatively backwards.I know this has a high ROCE and Operating Margin, but something doesn't seem right here.The share price has risen enormously since 2013 to now, from the 600p level to the 1100 level or 83%I would have like to see the share price rise in line with profits -- or in this case a 19% decline maybe to 486pI know it's not as simple as that, can anyone come up with other arguments?The forward P/E 20.7 is rather handsome I see it's not in Woodford's list, and I guess you might see that as a good thing, but given his heavy focus on pharma (GSK/AZN), healthcare Roche etc and all the Biotech you would think he would have run his slide rule over S&N. Terry Smith doesn't have it either, although he has Stryker?Games

OPAY jake_walker 29 Oct 2015

Re: Over reaction to historic news?? Absolutely.Dont panic Mr Mainwaring, Dont panic.Jake

MIRA JohnyCash 29 Oct 2015

More Share Dilution !! "Mirada has conditionally raised GBP1.5m gross by the issue of 24.5m placing shares and 468,061 subscription shares at 6p each"Not to worry - advanced negotiations on new business will turn this business around and next year you'll all be millionaires.JC

ABF philanderer 29 Oct 2015

Re: New all time high Final results next tuesday

GBO Hardboy 29 Oct 2015

Re: We don't know anything yet Goofy,"It could be Costis is financially inept not a crook"Fairish comment. I don't think there is much doubt given the falsification of accounts that he is guilty, but we do not know the scale as yet. However we do know that as a dirctor of a plc he sold bucket loads of shares when he was aware of price sensative information which had not been published. This is a criminal offence. Therefore he is a crook.

BZM barno99 29 Oct 2015

The New Man.. What a sound and solid recruit.Great financial background with all the possible contacts for financing future development.Onward and upward.

OPAY IOMINVESTCOM 29 Oct 2015

Over reaction to historic news?? Lows of 309.5 today.

COP one4all 29 Oct 2015

what with the stupid banner across the top of the page get it off iii

ZPLA Seagull2 29 Oct 2015

Zoopla brand recognition no1 [link]

GBO Richygm 29 Oct 2015

Re: The cash has probably all gone If there is any cash, then it all belongs to Barclays, according to the covenants. (See SP.)

REDD oldjoe1 29 Oct 2015

Re: REDD, TRADING AHEAD, Superb performanc REDD Redde PLCFundies show the stock is on a forward P/E of 18.7 reckon brokers will have to upgrade in the next 48 hours.Redde PLCFORECASTS2016 2017Date Rec Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)N+1 Singer 28-10-15 CORP 27.00 8.80 8.70 29.90 9.60 9.90Cenkos Securities 03-09-15 BUY 26.40 8.80 8.70 28.50 9.00 9.002016 2017Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Consensus 26.72 8.80 8.70 29.25 9.32 9.481 Month Change 0.01 0.00 0.00 0.03 0.01 0.023 Month Change 4.78 1.27 1.35 6.81 1.02 1.48GROWTH2015 (A) 2016 (E) 2017 (E)Norm. EPS 18.29% 13.48% 5.92%DPS 2,138.81% 16.00% 8.98%INVESTMENT RATIOS2015 (A) 2016 (E) 2017 (E)EBITDA £28.35m £33.26m £36.29mEBIT £22.24m £m £mDividend Yield 4.29% 4.98% 5.42%Dividend Cover 1.03x 1.01x 0.98xPER 22.54x 19.86x 18.75xPEG 1.23f 1.47f 3.17fNet Asset Value PS 33.98p 54.00p 53.70p

CHG fortunatas 29 Oct 2015

Re: Afternoon all Lambrini Girl WRONG the problem is you have not called all the others

INL Biscuit Barrell 29 Oct 2015

wow those were worth waiting for - topped up. these seem massively undervalued

REDD IOMINVESTCOM 29 Oct 2015

Re: REDD, Broker UPGRADES?????????? Morning oldjoe,Thanks for posting and agree it will be interesting to get revised broker upgrades.Maybe we will be heading to 2.00 quite soon.GLTA

REDD oldjoe1 29 Oct 2015

REDD, Broker UPGRADES?????????? REDD Redde PLC up 5% and climbing. Trading ahead of expectations. Must be a broker update perhaphs upgrade.