Loads of companies not benefiting from the strong pound earlier in the year but nice increased divi to come here shortly. Fits the bill for many looking to the long-term.
Far from slowing down, after opening its 200th office centre in the first half of the year the provider of temporary office accommodation Regus is set to accelerate its expansion. A full 450 new centres are due to open this year and as many next year. The company does have its doubters however, given its ambitious growth plans. The fact that 85% of its sales hail from overseas means that it is exposed to currency fluctuations - hence the flat profits before tax seen in the first six months. Operating margins at its mature offices however rose to 14.4% during the last reporting period, from 10.6%, showing just how profitable its business model can be. At 26 times earnings the shares trade on a "hefty" multiple, but that is distorted by a heavy investment programme. "The business is growing fast, with strong potential in developing markets. It may take a while for the benefits of that investment to show," but the stock is a "long-term buy" says The Times's Tempus.
Results down due to strong pound earlier in year. This has now changed to suit RGU and the next Quarter should see a recovery. I see it as a buy.
RE: re H1
And anyone you designs a 'smartphone' with a sensible keypad will get my custom.
RE: re H1
This is a classic. A company committed to very appreciable growth; throwing off cash from its nature business; meeting a growing demand amongst companies large and small with a billionaire CE (who knows a thing or two or three about making money) which has seen its sp decline today. Such are the reasons why I love this illogical market and it's willingness to let be make money.
RE: re H1
Wow, this SP has now breached the support level and currently down by 9.4%. For those who still think that the SP has alot of upside should top-up, but I think the broker downgrade is imminent and waiting for the red bleep to flash. However, I think this company has a fantastic long term potential for those brave enough to dip their toes.
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