Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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This short position shown on this page might have been a buy pointer .
4th Jan 2023 GLG Partners LP 0.83 reduced by -0.09%
7am Rns Pre-Close Trading Update and Notice of Results... up 10% to 100.6p at 4.30pm
Sold that top up of 30 November 2022 back today for *100p 1pm , hit 100.6p at 2pm & 4pm .
Sometimes catching a falling knife works out . TYJ .
After falling a little bit more to 75p later on my top up day 30th November, they climbed all the way back to today's 100.5p ( which is 34% ).
This an example of buying into the rise !!
It looks attractive to me too SLove.
I got in a bit too early - not for the first time - but I had hoped that the lessening of covid restrictions in China would support and strengthen the share price from here. Happy waiting to see this play out on the ground.
If they can utilise any portion of the inevitable retained dividend to achieve higher returns then that’s fine by me. Hard to get the balance between those longer term holders who have bought in way above the current lows. But total return is what we all care about going forward. Hopefully with the easing off in China and Billi synergies hopefully a much better 2023 and therefore a surge in the SP. Fingers crossed. Still a market leader at a rough PE of 9. Looks attractive to me.
Well the market didn’t not like it. Very happy to hold and add. I did add a few (1500) shares yesterday in the end. Hopefully, all the news is out and it’s good to see debt is the first priority.
Inevitable slashing of the final divi - under review.
New research and audio summary here: https://www.equitydevelopment.co.uk/research/headwinds-diminishing
The pre-close trading update for FY22 is evidence of a business determined to deliver. The focus is now on revenue generation and shorter investment payback periods. Two factors proved disruptive to activity levels in FY22; the war in Ukraine and lockdowns across China to prevent the spread of Covid-19. Although the former looks set to continue indefinitely, the re-opening of the Chinese economy represents a positive factor for FY23 onwards.
Cash levels will be boosted as the supply chain relaxes post-lockdowns, enabling the Group to reduce inventory levels, and marketing expenditure is likely to decline. Billi is integrating well into the Group following its acquisition in December, with new products launched and distributors appointed in Asia. We have left estimates unchanged for FY23 and FY24.
We reduced our dividend estimates in early December, reflecting the level of indebtedness but this still suggests a highly attractive yield of 7% for FY22, rising to 7.6% in FY23. We have left those estimates unchanged, as the c.£23m guidance for PAT and consider it too early in the year to revisit FY23 and FY24 estimates. Our net debt estimates are higher than the recent £89m guidance, although c.80% of the difference reflects the payment of deferred consideration to LAICA switching to February ’23.
Although the share price is off the lows recorded in late 2022, there remains a significant gap between the current share price and our fair value - the combination of our DCF & peer group comparison models suggest a fair value / per share of 234p, materially above yesterday's closing price.
Only 8 hours to wait now Morbox!
Who knows!
Any views about tomorrow! Tempted to add but will tomorrow be another buying opportunity? Oh well see tomorrow at 7am.
Hopefully the price rally will continue.
China news seems to be positive here. I’ve decided to hold LT now. This will be higher than the last raise price (115) soon and dividends on top. Looking forward to the update on the 26th. Even if there’s still issues I’m going add on any drop again.
Definitely something is brewing, it is a bagger.
Talking about tea, how many kettles will need replacing after so many people in China locked up at home!
Something else is a cup of tea and wait, I prefer coffee. Time is the friend of the wonderful business. Good luck from Spain
Why is the share price so low? It should be a lot higher based on the info I have seen, is there something else other than a bit of covid in China?
I’ve added today, was waiting to for under 80 but can’t see it now, if it does I will add more. This covid, can I say blip, will be over soon. This big wave will hit China hard, but then again it hit the world hard.
holding up well
still in from 76-80p.
not selling here too.
It rises, it’s pulled back, it rises, it’s pulled back. Very frustrating. I’m holding for 1.20 at least. I believe someone will bid for Strix.
Someone likes it!
14-Dec-22 08:49:52 90.00 325,000 Buy* 88.10 90.10 292.50k
Looks like Algo trades got hold this morning to auto trade.
Spoke too soon! I’m happy to add at around 80p if it gets down to that.
some more blue here :)
small but good
holding well.
I bought 5 tranches at 80p and under, sold one on the 8th and regretted it, bought back on the 9th! I’ve also now set 100p target for my first tranche sell and then in 5p increment for all but one. Keeping my 78p tranche which will nearly be free, if all goes to plan!
For me, it is a minimum hold for 100p, with China softening its Covid stance the SP will only go one way. The patient will be rewarded with a bagger within 12 months.
Now up nearly 20% here. another keeper for portfolio. well done all who bough .80 or less. a few said sell at under .80.?