Med term history is littered with exceptionals (Middle East etc). What's the view on this FY that completes 31 March. Should we expect more of the same as I think it's 11 straight results they have included some large exc values
Held here from 32p. I think the valuation is high considering low barrier to entry and high competition, and risk got a bit much, so have locked in and would maybe buy in again at 60p level. Fair value is probably assume earnings at 2.5p EPS with a multiple of 25 times earnings in line with market.
Good luck all, I think there is a future in the company but it will drop before it gets better with 2016 target of 95p.
As you may have seen, this morning we announced to the City the appointment of Russell Down (pictured right) as our new Group Finance Director with effect from 6 April 2015.
Since 2008 Russell has been Group Finance Director at Hyder Consulting Plc, the multinational design and engineering consultancy, during which time the company share price rose from £1.56 to £7.50. He spent 17 years in all at Hyder, including five years as Group Financial Controller.
Russell is a chartered accountant having qualified with KPMG, and has previously worked for container leasing company Cronos as Director of Accounting. Russell has a strong financial and commercial track record and is experienced in a PLC environment. We will benefit from his highly analytical and focused approach and I very much look forward to working with him.
Following this appointment, many of you will be aware that during the past six months Tracey Atkin has been holding the Group Finance Director role along with her other considerable responsibilities as Assets and Information Director. Everyone who knows Tracey will be acutely aware of the outstanding job she has done in managing these two demanding roles during that period. In recognition of this tremendous effort, I have appointed Tracey as our new Chief Operations Officer with immediate effect. In addition to taking over Adrian Murphy’s portfolio of activities, Tracey will also own the programme to review our strategy around our Express Stores, and how better we can position these to deliver service excellence to our customers.
Adrian Murphy will be leaving the business, and I would like to thank him for his contribution, wish him every success and look forward to working with him in the future.
I am sure you will join me in welcoming Russell into his new role, and congratulating Tracey on her appointment.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.