The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Valuation: On a P/E discount to 2013 and 2014 estimates The market has gone some way to discount likely future earnings growth. The shares stand on a P/E premium of 11% to the FTSE Media sector for 2012, but this falls to a discount of 3 % for 2013 and 6% for 2014. Rolling forward the 11% P/E premium produces potential share prices of 335p and 347p on 2013 and 2014 estimates.
http://www.edisoninvestmentresearch.co.uk/researchreports/4imprint140812update.pdf
Outlook The Group continues to take advantage of the growth opportunities presented by 4imprint Direct Marketing's large and highly fragmented markets as well as continuing to drive the recovery of SPS. Following the Group's encouraging first half performance, and notwithstanding any significant macroeconomic changes to the markets it serves, the Group remains on track for a continued good performance in the second half year.
John Poulter, Chairman said: "The first half of this year has been a period of substantial positive change for the Group. Brand Addition has been sold, enabling the Group to strengthen its balance sheet, to focus on the continued organic growth of 4imprint Direct Marketing and SPS and to reduce the risk of the pension deficit. We are well positioned to take advantage of the growth opportunities presented by 4imprint Direct Marketing's large and highly fragmented market and, notwithstanding any significant macroeconomic changes to the markets it serves, the Group remains on track for a continued good performance in the second half year."
Operational highlights · 4imprint Direct Marketing · Continued growth in market share · More than 274,000 orders received, 17% ahead of half year 2011 · Underlying* operating profit up 12% at £3.95m (H1 2011: £3.52m) · SPS · 8% revenue growth and underlying* operating profit £0.35m (H1 2011: £0.10m) · Brand Addition sale completed on 23 March 2012 · £11.40m of sale proceeds deposited in a cash escrow account for pension scheme risk reduction † Continuing operations * Underlying is before share option charges, exceptional items and defined benefit pension charge
Half year results for the period ended 30 June 2012 4imprint Group plc (the 'Group'), an international promotional products business, announces today its half year results for the period ended 30 June 2012 Financial highlights · Revenue up 17% at £88.36m (H1 2011: £75.84m)† · Underlying* operating profit up 21% at £3.39m (H1 2011: £2.80m)† · Underlying* profit before tax up 26% at £3.32m (H1 2011: £2.62m)† · Profit before tax up 50% at £2.46m (H1 2011: £1.64m)† · Net cash £11.39m, prior year end £5.46m · Underlying* basic earnings per share up 25% at 8.61p (H1 2011: 6.89p)† · Basic earnings per share, including the profit on disposal of Brand Addition, was 38.79p (H1 2011: 10.91p) · Dividend per share 5.25p, an increase of 5%
http://www.investegate.co.uk/Article.aspx?id=201208020700131122J
"4imprint Group plc intends to announce its final results for the year ended 31 December 2011 on 7 March 2012" I'd love to buy back in here - a bit lower please....I stupidly sold last year at £2.
http://www.investegate.co.uk/Article.aspx?id=201201180700167296V
Promotional products producer 4imprint made its mark on Wednesday after an upbeat trading update. Providing a glimpse of its forthcoming results for 2011, the company said group revenue last year was 10% up on 2010 levels at £222m and, but for currency fluctuations, the increase would have been 13%. Revenue in the group's largest division, 4imprint Direct Marketing, has continued its trend of strong organic growth, 4imprint said. Unaudited North American revenue for 2011 was $224m, 18% ahead of 2010, while fourth quarter revenue was 19% ahead of 2010. Unaudited total division revenue forr 4imprint Direct Marketing was £146m, 13% ahead of 2010, with an average US dollar exchange rate of $1.60 (2010: $1.55). The Brand Addition unit's unaudited total revenue for 2011 was £65m, 10% ahead of 2010, but the SPS unit's revenue fell 13% from 2010's level to £14m.
Midas article in tomorrow's mail: http://www.dailymail.co.uk/money/markets/article-2049522/MIDAS-Promotional-firm-4imprints-big-scope-US.html
http://www.growthcompany.co.uk/recommendations/1647038/4imprint.thtml
RUNS FOR STRAUSS
PLAY
4imprint profit almost doubles Date: Wednesday 02 Mar 2011 LONDON (ShareCast) - Small cap promotional products firm 4imprint reported a strong rise in revenue and almost doubled underlying profit for the year as it experienced some recovery in its markets. Group revenue rose 19% to £200.77m for the year ended 1 January 2011 while underlying pre-tax profit jumped to £9.98m from £5.14m previously. "Despite the wider threats to economic growth, the momentum developed in the past year is evident in the early weeks of 2011," said chairman John Poulter. New customer orders in North America were up 14% over prior year and existing customer orders were up 27%. The UK business traded profitably on revenue which increased by 12% over the prior year. "Both new and existing customer orders were significantly ahead of prior year as the business saw improvement in the yield on its prospecting catalogue and internet marketing spend coupled with further growth in its customer file and retention rate of existing customers," the group explained in its company statement. Year end net debt was £0.24m, a reduction of £2.89m A final dividend of 9p has been proposed, up from 8.5p in 2009.
I cant see anything wrong with those results!
John Poulter, Chairman said: "As incoming Chairman, it is a pleasure to report these strong results. The efforts to drive our business forward have been rewarded and our market positions have undoubtedly improved. Despite the wider threats to economic growth, the momentum developed in the past year is evident in the early weeks of 2011."
Highlights • Group revenue was £200.77m, an increase of 19% • Underlying operating profit* was £10.49m, an increase of 92% • Underlying profit before tax was £9.98m (2009: £5.14m) • Profit before tax was £8.09m, (2009: £2.83m) • Year end net debt was £0.24m, a reduction of £2.89m • Underlying basic earnings per share 32.87p (2009: 17.07p) • Basic earnings per share 26.65p (2009: 9.39p) • Final dividend proposed of 9.0p (2009: 8.5p)
Wednesday preview: Date: Tuesday 01 Mar 2011 Down among the small caps, promotional products producer 4imprint should see normalised profit before tax almost double to £9.2m, according to Peel Hunt. “2010 should reveal itself to be a year of material recovery, with a near-doubling of profit on the back of a high teens rise in revenue. Bank debt is modest and the yield substantial. The legacy of pension fund deficit remains an issue that diverts attention from the core commercial strengths of the company,” the broker said. At the halfway point of 2010 the company had a pension fund deficit of £23.0m. A triennial revaluation was due to be finalised in the second half of last year, Peel Hunt notes. Bank debt should fall to around £2.0m, the broker added.
I'm back in again - looking for strong rise on results day next week.
Hi there. I'm afraid I got totally spooked last week and sold all my FOUR shares. It was one of 2 companies I was in that still had a healthy profit. With retrospect I think I made a mistake because it has been stable through all the chaos which is a great sign. Once the dust settles (Greece/UK Government) I aim to buy back in for all the reasons I have posted in the last year - namely good and progressive dividend, well run company and most profits made in the US which seems to be righting itself much faster than here. There's also the plunging pound which should help profits (dollar-based ones) surge. I think you've made a wise choice investing here - good luck and I hope to join in soon.
Been enjoying reading all your comments. and bought some myself. Can you please tell me how you see this share going and also was there a dividend yesterday? Thanks Jax
Up 7.5% so far this week - Big divi coming in on Thursday - wonderful stuff!!
Hi, Welcome to Lonely City!!! 4imprint make the little giveaways that you see on company trade stands at exhibitions etc. They do a lot of trade in the US and Europe. While only a small company with relatively modest profits they are well run, have a low gearing and progressive dividend policy yielding around 8% (despite the recent SP rise). I first had some in 2004, sold those in 2005 then got back in 18 months ago. My SP average is £1.40. I'm going to hold medium-long with a £4 target SP. Of course nothing is without risks - the SP dipped to the 80p's last year and a correction in the markets would obviously send them down, but, if you're looking for a solid yielder with potential 300% SP upside then it should be considered.