OmniChart

SRP Hardboy 21 Nov 2014

Re: Free fall Hard to tell.As we all know short term price movements are driven by emotion, not rationale. And Serco is currently completely unloved and the prognosis for the next 1-2 years is not great.However, I think a longer term view is encouraging. Everybody left in the company knows they have to be cleaner than clean in running their contracts and financial reporting. They still have an amazing visibility of future income (an order book worth around 3 year's turnover) they are still profitable; and they have a CEO with a great track record at Aggreko (which does not necessarily mean success here of course.) They also have a clear focus on the forward strategy.Their latest release predicted profits this year (after financial corrections) of £130-140m. That's an EPS of around 20p, which puts the current share price at a PE of under 9, which is cheap for a profitable company.We know there will be a rights issue, and it could be the price is already moving down in anticipation of how dilutive this will be. I am beginning to think it may be even more severe than I previously predicted - similar to the Lloyds one a few years ago - maybe 5 to 1 at 20p. I don't think Soames would have released the update if he believed there were any more significant skeletons in the cupboard, so I would be surprised if we get any further major bad news in the near future. The outlook for 2015 will be the key to things I think. I'd be amazed (unless there is further bad news, or we get a really bad prediction for 2015) if the price dropped as low as 120, and my guess would be it will begin to stabilise somewhere just above 150, but you never know. There's certainly a lot of short term trading going on right now.

TLPR Spain Fund 21 Nov 2014

Placing to part fund PVM deal Tullett Prebon announces placing to part fund PVM dealDate: Friday 21 Nov 2014LONDON (ShareCast) - Tullett Prebon, the FTSE 250-listed inter-dealer broker, is set to raise over £32m from a placing to help fund the acquisition of PVM Oil Associates.The announcement of the placing, which was set at a steep discount to its share price the previous day, saw Tullett's shares fall sharply on Friday.The purchase of the broker of oil instruments was first announced in May and is expected to complete next week.Once completed, Tullett will have to pay $112m (£71.1m) through the issue of 25.8m shares, representing 11.8% of its issued share capital.The group said it would be issuing half the shares to shareholders of PVM and the other half in a placing to institutional investors.The placing is expected to be issued at a price of 248p per share, raising £32.1m which will be paid net of transaction costs to certain PVM shareholders who have elected to receive cash proceeds.The purchase of PVM should expand Tullett's activities in the energy sector and give it a "significant presence" in broking crude oil and petroleum products, according to a statement in May.The placing will take place on 26 November, at which time the PVM acquisition is expected to complete.Tullett Prebon's shares were down 4.8% at 255.2p by 087.

FLG oldjoe1 21 Nov 2014

FLG Chart Breakout, very positive FLG......Copied from Twitter.......Thanks to another tweeter yest for flagging this one up,FLG breaking out into a resistance free area. 375p then 385p sp Targets. Very little resistance. [link]

SRP gamesinvestor 21 Nov 2014

Re: Free fall Earl,I guess there is no bottom in that there is a possibility the company could go bust. It's net debt is very big and there is a need to raise capital. The company is lossmaking and is projected to be so for some considerable time. The capital will need to be further diluted to keep the show on the road. It's image is so tarnished, that it is questionable how well positioned it will be going forward with a lot of potential customers gazing at it and thinking about the consistent operational failures.I think you have to put yourself in the position of a commercial customer or a government department wanting to pay for a service and thinking, is this going to damage my commercial business or am I going to lose my job if this goes wrong.Soames is probably a very admirable chap and did well at Aggreko, but the businesses are very different. Aggreko had the market to itself almost for years and the business grew well with a fairly unique product which is now experiencing competition. Serco is one of many service providers who's success relies not on a unique product but a service with very thin profit margins, a reputation of good deliver which has been ruined, and with no real moat or barrier to enter for the business.I would sell, take what ever money you can get out of it and put it into something with a really strong franchise.Games -- well that's my 2 penneth worth anyhoo!!

KIBO womble 21 Nov 2014

coiled spring: is what this is steady Eddy is what we want a nice 1.80 finish today perhaaps

AML Greyinvestor 21 Nov 2014

Re: Steady progress I've noticed that the analysts forecasts for next year are coming down to 41p to 43p of earnings. Fair enough if claims go up and rates go down. This would imply fair value at around £4.It's all guesswork, of course, because who knows what claims will be........

SMDR one4all 21 Nov 2014

posts on lse.co.uk some of those people shouldn't be anywhere near a computer based on the drivelso one person says if we don't take this deal we will need to fund raise.....hello..SONAanother one ,,oh the offer is at 115 so why are we sitting at 92p..FFS

LDP BOWOOD 21 Nov 2014

Re: News Clearly something going on. Its clean with £1.5m in the bank and decent management.

ZZZ theprior 21 Nov 2014

RNS..80 bed hotel..1 yr Premier Oil have hired an 80 bed unit for a year. From existing stock. Further deployment of Mk1 units on a long term project. Excellent news!TP

SMDR one4all 21 Nov 2014

this aint over for a mere $150mill more than they are paying for 40% of buluang Sona could buy the whole of SMDR .

STG ybhere 21 Nov 2014

Re: 1p today Thanks YoungBaz (YB)You're perfectly right, bit of an oversight on my part.Compared with some other companies, the total shares in issue is not a vast amount so hopefully we could be in for an exciting ride, upwards. A good assay report and a good flow report could see us on our way.Good luck YB.YB

NTQ gretel 21 Nov 2014

Finncap increase their EPS forecast Finncap say Buy, increase their EPS for next year to 5.1c and have a 51p target price.Here's their summary:"Enteq Upstream^: Encouraging interim results (BUY) Half-year results saw a decent increase in drilling tools revenues, with a strong increase in profitability. Commercial progress included new Asian customer wins, investment in new products, and a focus on operational efficiencies. No impact has yet been seen from the weaker oil price. Over the next two years, we expect sales growth will be driven by new customer territories and commercial traction with new products, even in a more difficult oil price environment. No change to current year forecasts, with EPS raised by 20% next year on a lower tax charge. The shares have bounced but remain deeply undervalued versus the company’s peers; as such we retain our 51p price target and Buy rating."

SAV shedfull 21 Nov 2014

More good news 3 RNS todayBergen cancelled is great news, JORC in December and 1 small placing

CNCT r21442 21 Nov 2014

Tipped in IC this morning Bull points•Diversifying into new growth areas•New acquisition brings national coverage•Cost-cutting measures working well•Fat sustainable dividend yieldBear points•News market in long-term decline•Books business struggling Connect Group's (CNCT) lowly valuation reflects concerns about the long-term decline of its traditional business, Smiths News, which serves the dwindling newspaper and magazine market. However, we believe a share rating of less than nine times forecast earnings overlooks the work that has been done to diversify the business into potentially exciting growth areas. What's more, Connect boasts solid cashflows that look very capable of supporting the shares' attractive yield.Since changing the name of the company from Smiths News to Connect Group in April - reflecting the company's aim to deliver half of profits outside its flagship Smiths News and magazine distribution service - management has been successfully plugging holes in its existing operation while scouring the market for the next big thing.The process began in October with news of two new ventures in parcels and coffee, which will utilise Connect’s existing route network, which means little start-up capital should be required to expand into these growth markets. The first venture announced was Pass My Parcel, a click-and-collect delivery service enabling Amazon shoppers to pick up orders from their local newsagent within hours of making an order. tapping into Smiths News' distribution network and half-empty vans, entrance into this market, which analysts at JPMorgan Cazenove predict will more than double in size between 2014 and 2017, should be relatively straightforward.The same is true of Connect’s other recent initiative, Jack Bean, which involves supplying coffee, and the machines that make it, to the same convenience stores across the country that it has been distributing newspapers and mags to for years. Given the nation’s love of coffee, this too could turn into a very profitable operation. The icing on the cake has come with the acquisitions of Tuffnells Parcels Express this month. The business, a next day B2B deliverer of parcels of irregular dimension and weight, is being acquired for £113m, using a £55m rights issue at 102p and extended debt facilities. The acquisitions is expected to be earnings enhancing in year one and substantially earnings enhancing in year three. In effect, Tuffnells supplements the Pass My Parcel and Jack Beans ventures by providing Connect with a market-leading business with national coverage.These new initiatives should eventually help offset the challenges faced by its other division. The books division has been hit by margin erosion as business moves online. But management plans to give books the same cost-cutting treatment that helped Smiths News reinvigorate itself. Action taken to improve the performance of the division saw profits rise 7 per cent last year and long-term distribution contracts means 84 per cent of its revenue is secure to 2019. Meanwhile, Connect's Education and Care division traded well last year with underlying profits rising 5 per cent.The steady revenue stream from newspaper and magazine distribution should help support Connect’s reputation as a strong generator of cash, which should not only fund the expansion of new initiatives but also underpin a rising dividend - the board recently proposed a dividend per share of 9.7p, representing a yield of nearly 6 per cent.Connect's growth initiatives have already seen the shares move off recent lows and we think there could be much more to come. And while investors wait to see how these exciting developments progress, there's an attractive and growing yield on offer. Buy

FLYB claude reins 21 Nov 2014

Re: I C Downbeat assessment For FLYB Good news - top management cleared much of the bad news in the recent report. Bad news - still got lots of unsuitable planes.Good news - Flybe has plenty of room for improvement - % seats used, cash per seat sold.Bad news - I dont see why they will improve that much in these areas. The experience of flying Flybe is not a pleasant one. Easyjet - no matter how crowded sometimes - is much more efficient, cost effective for the user, gets you there faster and gets you there with a lot of confidewnce. Flybe service is modest at best.Good news - the opening up of the London City routes. This is their big hope. We will see how well they do there.I think that much of the growth in the SP is in the past new. I think the price will drift lower for some time. Cant see a reason to buy, in fact probably sell and get back in later. Weak sell definitely, possibly strong sell.