kinda...the op profit from PB (perhaps £350-400k per month atm??) is extraordinary ...and the £8m adjusted EBIT target is still in play ...I am betting that the 34p was capitulation ...let's see
13 Jan '15
RE: Changed my PoV
so you are feeling refreshed and are anticipating some decent full year results eh? Jolly encouraging. Haven't changed my stance for over 18months, still holding some. GL
13 Jan '15
Changed my PoV
the strength of buying supports the narrative that the software acquisition has transformed vlk so bought back @37.xp ...pretty much free carry ...will watch fcf & outlook closely
5 Jan '15
Thanks for this post alphapig confirms all our thoughts. I'm sitting on 120k shares and would also look for 60p target price. Vislink is a very nice mid term play.
5 Jan '15
Having recently re-capped on my 2014 selections HERE, it is now time to repeat the exercise for 2015… My first tip of the year 2015 appeared HERE. My second selection is another stock Tom W and I have tipped on our premium Nifty Fifty portfolio website although it has yet to fly like K3 - Vislink (VLK). This was added on the Nifty Fifty at a 47p offer price though, having briefly traded above 50p at the start of September, currently trades at a 38.5p offer price. This video and data provider to the broadcast and surveillance markets saw positive share price momentum into September hit by interim results which showed an adjusted pre-tax profit of £1.67 million on revenue 3.3% lower than in the corresponding prior year period (though “in line” on a constant currency basis), at £27.11 million, generating earnings per share of 1.2p, down from 1.8p. This followed “in our core markets of the US, the UK and Europe, our hardware business found market conditions challenging and we continued to witness longer decision making cycles”. However, the company noted that it had “already begun to see some of these key orders convert post the period end”, that in Q2 the order book had “strengthened significantly” and that its “software strategy is on track, providing the group with improved margins, cash generation and visibility of earnings”. The half year end balance sheet showed net current assets of £9.13 million and non-current liabilities of £6.33 million and current forecasts are for a full-year pre-tax profit of £6 million+, generating earnings per share of circa 4p, with a maintained dividend per share of 1.25p. With earnings currently expected to grow by more than 10% next year, there looks good value and a decent margin of safety currently on offer here. And I’m not the only one who seems to think so; post the September interim results announcement the company’s Executive Chairman, John Hawkins, purchased £45k of shares at an average price of 47.29p and Finance Director, Ian Davies, more than £22k at an average price of 45.35p. I’d follow their lead and would be hoping to see 60p plus as the stock enjoys a merited re-rating.
5 Jan '15
Please post all the tip as I have no access to this - would be good to read.
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