Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
I'm quite surprised by the price today. I thought things my have started moving by now given results are out Monday. Thought at least 9.50p by now.
given the down day. Dollar strong, commodity and stocks sell off.
Hopefully the board might pick up abit over the next week or so! Also don't forget the 10p dividend and analysts rating at £13 so definitely worth holding. Like you say Rich the fact the board released the proforma accounts to show everything is in order should mean there are no surprises on the 16th!
Yeah, v quiet on here. Am hoping for £10.50/£11 on release of results or shortly after - if there are no surprises and they are as good as last RNS re delayed results appear to indicate.
Yeah i'm suprise how quiet it is to. I expect it may pick up the week building up to results. I'm thinking im going to hold though and hope there arn't any nasty suprises. Whe should see £10-£11 pound if all it well.
I just noticed some nice reported late buys from yesterday, good to see!! I was wishing I'd sold these yesterday at £9.57 and bought back sub £9.20 in the afternoon..but hey ho! Looking forward to the 16th for finals. Still can't get over how quiet this board is!
Thanks for your response. Some decent buys / volume today but boards v.quiet! Roll on the 16th!!
That's the bet I have on. I believe we will certainly return to £10 to £10.50 range, other outside issues could cause this to not iick on from there, but I would be quite comfortable with your buy price and timing. The note from Brian Gallagher and statement from CEO have assured me that we will be OK. Indeed this may surprise a bit to the upside when the results come out, in which case £11 and steady from there as people awake to the space and the company. I would now be surprised and disappointed if they let us down on the 16th for any reason not disclosed at this stage.
I know its difficult (virtually impossible) to pre-empt the markets but what is everyones expectation of the SP if on the 16th the audited accounts are published in line with the proforma results provided with the recent RNS delaying the results? I bought some at £8.40 and sold on the way back up but having re-read the note have decided to have another punt. I'm hoping for minimum of £10 on the 16th (£13 as per credit suisse would be even better!).
Subject: RE: Form submission from: Contact Us Firstly we are in closed season until april 16 so I cannot give any guidance. However our confidence in 2012 was reflected in the statement with the announcement march 20 indicating that we would retain the same level of capex in the business as we stated on January 18 ie $230-60m. In terms of the delay this is more of a reporting issue than an accounting one and driven by three factors 1 complexity around two major capital transactions - remember the group was taken over twice last year and had capital injections at each point with soros/Albright and then horizon - these were very complicated deals and for the year end required a lot of additional one time only work - we materially underestimated this work 2 move from GAAP accounting to IFRS - this has further complicated things and added to the workload 3 moving from a 14 month accounting period into a 12 month one has again required more consolidation of numbers and more work. These three factors are the main reasons for the delay in reporting - we intend to give a fuller explanation with the results on april 16. Hope this helps Brian Gallagher Director, Investor Relations
John Campion, chief executive of APR Energy, insists that there are no horrors lurking in the delayed results for last year from this provider of temporary power units, and that an apparent slowing of progress at the start of this year was a one-off that will be reversed with some hefty contract wins. Mr Campion plainly knows that the consequences, if there are horrors in the accounts or growth really is slowing, would be dire, and I therefore believe that neither is true. On any reasonable estimate, the shares are on about 16 times earnings for 2012, which would be cheap historically for anyone brave enough to take a long-term punt. But the market will want more reassurance, according to Tempus.
lp 907.5 - 910p
Still being worked through. 1 x 50k and 1 x 100k just gone through.
Didn't think the Directors could buy atm so close to the results?
Few nice buys this morning Hope the recovery continues
John Campion, chief executive of APR Energy, insists that there are no horrors lurking in the delayed results for last year from this provider of temporary power units, and that an apparent slowing of progress at the start of this year was a one-off that will be reversed with some hefty contract wins. Mr Campion plainly knows that the consequences, if there are horrors in the accounts or growth really is slowing, would be dire, and I therefore believe that neither is true. On any reasonable estimate, the shares are on about 16 times earnings for 2012, which would be cheap historically for anyone brave enough to take a long-term punt. But the market will want more reassurance, according to Tempus.
Seymour Pierce retained its "hold" rating for APR Energy (APR), with a target price of 1,000p. The broker noted that the temporary diesel power generator manufacturer was due to issue its full year results on 22nd March, but instead announced that they would be delayed until 16th April "due to the complexities in reporting and accounting for the various corporate transactions." However, Seymour Pierce does not expect anything untoward, stating that the firm's revenues for the year were in-line with expectations at 209 million dollars (132.1 million pounds), and attributing the delays to complexities in the reverse takeover by the Horizon Acquisitions cash shell. The shares plunged by 216p to 884p.
last chance of buying under 900p, tomorrow 7.30am rns, saying directors buys will leave this price behind forever...
100k buy just gone through
Some decent buys going through - will hang on to these till at least morning as I think they will open a couple of % up LP 880
£9 can you make it,would be very appreciative. GLA
between 890 to 900, even more if rns out re director buys...
My target is modest - just over £9 Do you think it is a today target or more of a tomorrow target?