NEW ARTICLE: SQS claims profits warning is one-off "A slowdown at its regular testing (RTS) division has forced a profits warning out of software quality services supplier LSE:SQS:SQS Software Quality Systems. Shares in the fast-growing Cologne-based firm plunged as much as 19% Tuesday to their ..."[link]
WoW nice spread,,, 0.55 - 0.8p Sure know how to make it look not tempting when they "display" a stupid spread like that 35% lol
this is about to blow. short of shares BUY
Re: been there More press today in This is Plymouth re Wolf and production.
speedy down the tubes? I promised myself to sell after poor results but sp seemed to pick up a bit and didn't bother. Now seems to be hurtling down again, haven't seen anything so wonder what is afoot?
Re: Directors Buying Good sign that they think the deal will go ahead. Let's hope they are right.
Re: just getting started here I have no idea what the price of anthracite will be next year or in 65 years time other than higher than it is now, it not been doing too well over the last 18 months but improving. a 10% uplift in the price would add 30% to the bottom line. so I am keeping my fingers crossed that there is a long cold but not extreme winter
Re: Great opportunity to buy for the bra... I decided to be brave and jumped in for some of these at 308p yesterday so it is good to see them recovering - a bit maybe the market will eventually see the drop has been overdone
Re: Chairman's statement Ouch - but I still think these are good for the long term so I dipped in for some more at this low price, which seems to be recovering a little after the unusually excessive drop
Re: More consolidation Feel I've become a bit of a jinx. Bought BRIT on public offering and soon after - taken over. Bought and topped up Catlin until early this year - taken over. Been topping up Amlin until recently - taken over.Bought LRE with the proceeds of Catlin - so?Also holding Beazley and Hiscox so CGT could become an issue for me If there are any more moves.A little sad to be losing some very good companies from my portfolio and running out of ideas as to what to do with the cash.However, that said, I believe once the current furore has died down (as it did after BRIT and Catlin) prices may return to a more reasonable level and could be an opportune moment to invest in this shrinking sector.Personally I believe Beazley to be the the most vulnerable to a takeover with Hiscox (my largest holding) the last to succumb to the predators.All IMHO.
Terrific acquisition, increased target price The new ScrapRunner acquisition looks tremendous - just $2m cash paid for $0.7m of PBT and very high recurring revenues, plus no doubt cost synergies and opportunities for further sales to those clients who aren't already BRY clients:[link] have increased their target price to 129p (current price 96p). Forecasts for next year have been lifted to 6.9p EPS.Cenkos also say Buy today, and have further increased their forecasts after the excellent acquisition.And there's still room for further acquisitions from the £7m cash pile.The H1 results are obviously not great in themselves. BRY seem very confident that contracts signed in H2 will make up the difference for the year. In some cases I'd be somewhat doubtful about this, but I trust BRY's management, believe this to be a good company and am happy to hold.H2 news flow should be excellent assuming these "significant" contracts "in advanced discussions" come through.BRY's business is primarily about benefiting from volatility, not whether energy/commodity prices are high or low. Thus BRY's principal trading clients need BRY's products more, not less, in times of substantial price movements.Not to mention the growth and potential in Recycling....and of course BRY already has visibility on 80% of this year's forecast revenues with almost 4 months of the year still to go.Plus 55% of its income is recurring.There's good coverage here:[link]
Re: More consolidation Oh how annoying! I didn't have a chance to get back in as am waiting on funds to become available in mid-autumn. Never mind. It's only money!I don't think it will stop here though. LRE is a target (good underwriting but not-so-good results). Hiscox is good but very big. Beazley and Novae will be easier to snap up. I can't help feeling though that the buyers are paying quite a lot for it. Whilst Insurers/Reinsurers' figures are held down by investment returns in the low interest rate world, they are being helped enormously by a benign claim environment. There hasn't been a North American catastrophe for a while and there haven't been any particularly expensive earthquakes for a while to affect the London market. Anyway, well done for anyone who has pocketed a nice capital gain. Shame to lose yet another good divi payer from the ranks though. Guitarsolo
Re: Payment There was an improved offer from 750 to 800p per share which gave the opportunity to accept again. As major share holders tipped the balance into offer being accepted I also accepted 800p but I did have to ring up for a replacement acceptance form. If you didn't accept I believe the money will be kept to one side and you will have to contact Capita Asset Services (the number I have is (353 1 553 0050) to claim your money. As to losing ISA benefits I'm afraid I cannot help there but they will likely issue any money due via cheque!! It sounds like you would have to ask Inland Revenue for adv
Re: Good entry point You might well be right for the valid reasons given, however, putting those aside I have a major problem witha) Massive Goodwill on a balance sheet for something as simple as a hire company with low cost of entry. If it is there because of what someone paid in excess of net assets, then they overpaid! Intangibles are being used now in some apparently high performing motor groups, but in reality it is a way of manipulating profits....... until the chickens eventually come home to roost in the form of a weak market, and/or a change in management and a major write off.b) EBITDA is effectively meaningless for a hire company where a significant part of the cost of sale is interest. You can increase EBITDA by buying more assets and renting at low prices, but that might also reduce your net PBT, so what is the point in having such a measure?This is why I will not be joining you with an investment but good luck with yours.
market makers playn gabout
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