The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The trading update has lived up to my expectations.
The sp has drifted lower for some time. Negatives are the last report, when a reduced rate of office openings was signalled and the decision of the founder to reduce his holding, whilst retaining a very sizeable stake. Positives are the increasing maturity of the portfolio, with all that implies for revenues and margins, together with the effects of a decline in the sterling exchange rate. My expectation is that the positives outway the negatives, with the implication that the drift will reverse later this week. Whether my price target of 380p is reached in the coming year remains to be seen.
Ive increased my holding also but still at bug loss, any ideas where this is going, will it breach the 275 mark this year?
yep, have doubled my holding and averaged down accordingly. as a user of regus' services myself (based in one branch and using others worldwide when travelling) i see not only the "here and now" but the huge potential as first mover in many/most markets.... common sense will eventually prevail.
redic low now
....builds the means to satisfy forthcoming share option awards without the need to dilute the equity base.
And the good news has arrived today: all key metrics very positive.
Expecting yet more good news on this company this week which, despite its size, remains below the radar.
Based on today's positive statement, I've upped my sp forecast from 360p to 385p. That is not a recommendation to purchase as, always, DYOR.
I agree and if it takes the FT and serious broker comment to wake investors up to their story so be it. I've been amazed at how undervalued they have been given the cash generation on mature sites alone. Onwards and upwards!
Well, I've banged the drum for Regus for some time. Now the FT has today come out in favour, based on the enormous growth potential in the number of locations that Regus could have in the next decade.
RGU Regus Regus PLC RGU Canaccord Genuity Buy 293.70 289.50 365.00 365.00 Reiterates Regus PLC RGU Peel Hunt Buy 293.70 289.50 340.00 340.00 Reiterates Regus PLC RGU Investec Buy 293.70 289.50 370.00 370.00 Reiterates
<b>BRIEF – Regus FY profit rises, remains confident on 2016 prospects 01-03-2016 07:37 March 1 (Reuters) – Regus Plc :</b> FY revenue rose 15.9 percent to 1.927 billion stg FY reported profit before tax 145.7 million stg, up 67 pct Total dividend up 13 percent to 4.5 pence per share Final dividend up 13 percent to 3.1 pence per share Current trading is in line with management's expectations and we remain confident in our prospects for 2016 - CEO Source text for Eikon: ... Further company coverage: RGU.L (Bengaluru Newsroom: +91 806 749 1136) © Thomson Reuters Limited. Click for restrictions
RGU Regus Very Strong results today........ http://www.investegate.co.uk/regus-plc--rgu-/rns/final-results/201603010700075438Q/ 2016 outlook We remain confident in our business model and the long-term structural drivers of our industry. We will continue to invest to increase our levels of customer service, make our business relevant to a wider market, drive greater operational efficiency and deliver long-term shareholder value. We will continue to adhere to our strict financial criteria in executing our growth plans and remain suitably vigilant given the current global macroeconomic uncertainty, with flexibility in both our expansion plans and our cost base. Current trading is in line with management's expectations and we remain confident in our prospects for 2016. Mark Dixon Chief Executive Officer 1 March 2016
Excellent set of results issued today with every indication that the future will be equally as positive.
I could not have wished for a more positive trading update. Today's statement vindicates my view that this is a rapidly growing business which 'sticks to its knitting'.
Much as I'm enjoying the escalating sp, towards my 360p target (see previous posts) I suspect that we may be due a temporary reversal ahead of the next results announcement.
Reported today that we may be the subject of M&A activity. Looks like someone agrees with my 360p valuation :))
Get a few bottles in - Opened at 308 this morning! Anyone know the reason why?
Champagne on ice.....
Party poppers at the ready....
'Buy' in today's Times follows positive reports in FT and IC.
And thanks to Investec for lowering the entry point for us last Thurs!
Excellent: revenue growth; margins increased; net debt down despite share buy backs; divi up 12%. Management confident about the future. All-in-all I expect several sp forecast upgrades to follow.
Cheers 50, Massive over-reaction by the looks of it! Investec doing a bit of scaremongering pre results so their mates can get in cheaper. Let's see what happens on the 25th Aug...