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Yep gutting to see... looks like a long term hold for me now!!
Simon Thomson is attracted to any car crash going. His record is appalling (NBU, CAMK etc etc). A monkey with a pin could pick better shares; fact.
Luckily I missed my target price by 0.5p!
Terrible update today. Considerable loss now forecast.
Seems to me there is a ii seller on the cards. support @57p but who knows where this may drop too. Read the ic report and it does look good but if an ii is selling and there are very few trades.....
If the ic report is true and profits for the second half meet the targets then this seems a good share to buy on the way down. I'm personally aiming for a buy between 57-58p
gla
Simon has still made Bilby a buy today made some good points but this time no target price only time will tell
Hope you're right, I've taken advantage of the drop today, in a small way. Was watching it anyway, and fundamentals seem strong, though I don't like falling knives!
But yes, it does seem a big drop on this news, for a company doing so well.
I agree ,but at the moment any bit of bad news and the the sp will drop like a stone
Seems a bit overdone as earnings will always be a bit lumpy in this sector at this season and outlook remains confident which is reassuring.
looked like CEO was trying to smooth over with personal comments
Yet another reason to buy & hold Bilby. It is paying a maximum of 1.4m for this company if it makes 500,000 pretax in the year to 31/12/18 i.e. in 5 weeks time, so should be within sight against 158,000 only in the year to 31/12/17. That,s arise of 200% which is some growth. So it is buying for under 3 times pretax profits a substantial company with some 125,000 of tax losses thrown in.An absolute bargain, further reducing Bilby,s March 2019 P/E to even lower single figures.Our interims must be any day as last year's came out November 20th. Hopefully we will be back into the 120,s where we were quite soon but still extremely cheap.
Good post and couldnt agree more
Saw Simon's article online several hours after it was released & had to pay 90.7 for 10,000 shares( it was shown as a sale in deals done). His target price is 165p, nearly double the 85p earlier this a.m. The forecast P/E was 6.5 at 85p. That is a crazy rating for a company really growing with sales up fivefold in past 3 years. When the year end results were reported, there were some huge new contract wins throughout the enlarged group. Gross margins were up from 17% to 22% for the year. I would think that increase would apply for the whole following six months. With an order book of £275 m, the future forecasts look assured.I would expect the first half to be way up on 2017 & the Northland forecast to be exceeded.Having sold my original holding at 137p to reinvest elsewhere, I now think this is the cheapest share I have ever looked at in 40+ years.
results look good to me. Profit almost doubled. Assets up to £16.6m. Almos £80m revenue. Slight increase in debt...
Granted results were given at the end of June last year but 2016 were announced on July 14th, the recent trading update was promising also:
"As a result of these factors, the Board is pleased to advise that revenue and profitability for the year ending 31 March 2018 will be ahead of current market expectations"
Should read I explained
There have been some big I explained falls of late and the results were due by the end of June. It is concerning.
When are the results due? Last year they came out late June. We had the good statement over one month ago. i would have thought with the hopefully excellent progress we would have had them by now, 3 months after the year end. I have owned Bilby since they floated & just hope the delay won't be due to some loss somewhere as is often the case with other companies.I
I rang the company 0300 number which just said this number is not accepting calls at the moment which is odd.
That is a large drop. You would think someone knew something other shareholders don't.
Something is happening
Just top up but when though as a sell the mm at it againing
What are the nature of these complaints? You would have thought skilled men carrying out maintenance would be fairly easy to organise.
Here we go again
Since P&R took over the contract for East Kent Housing, the standard of service, including emergency response has dropped through the floor..the catalogue of complaints is massive.This could be a contributory factor in the share price drop.
What was this all about today,Last RNS was very positive profits ahead of expectation, lots of contacts signed . The mm playing games again
Been watching for a while, no idea why it’s dropped over the last few weeks but bought in today, looks like a good entry point for a solid company. We shall see! GLA