Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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-24% so far. Ouch. Crucifixion? Line on the left; one cross each.
Is shaping up now. We have a daily and weekly kumo cloud breakout.
Having written about stocks in the past 15 months, I noticed some pattern forming. If I write a bearish piece about a particular, most readers would say you don't know what I'm talking, saying it is a rubbish article or the company is going to reach for the stars. Then when I am bullish on a company, the attitude changes. People start to say this is the best analysis I ever read and so forth. Given we are in a bull market and most investors can only know to go long on a stock, there is a bias for being long rather than being short.
Since I wrote about this company the shares are up by 20%. And I'm sticking to my £2 per share in 17 months. The key to analysing retailers is where their CASH GENERATION coming from. For Bonmarche, they generating cash internally and paying dividends, a great sign for a competitive business. My full analysis is in my previous post.
Ex div early Dec & final half year generally better than 1st this should have some legs.
Very good analysis. Thank you.
Bonmarche interim results look interesting. Here are a few things for investors to digest: 1). Basic EPS of 6.8 pence more than doubles last year. But the business is weighted towards the second-half. For example, last year Basic EPS was 9.2 pence and its made up of 3.1 pence (H1) and 6.1 pence (H2). H2 contributes 64% of EPS. So, if you apply the same ratio, then this year EPS could be as high as 20 pence! Although I like to take a prudent estimate of 14 pence to 17 pence. 2). The majority of Bonmarche trade receivables is made up if prepayments. When you look at their 2017�s annual report, trade receivables were �1.8m while prepayments were �13.3m (made up of prepaying business rates of �9.4m). A high level of prepayments is a sign it is not struggling to pay rates and rent. 3). Their cash balance is growing. With a market cap. of �49m and a growing EPS makes their share price on a multiple of 8 times earnings, according to brokers� forecast before interim results. My forecast for Bonmarche EPS is 16 pence or 6.3 times PER. That is too low for a retailer with a growing EPS! Expect a re-rating. In the next 6 months, you should expect the share price to grow by 50% to �1.35 and if the recovery continues than �2 per share in 18 months isn�t out of the question. For more Bonmarche analysis, click http://bit.ly/2mJC4Wq
Serious trades going on now.
Going the right way at least . Recovery seems to be on.
And I have a LOOOONG was to go to recover! Did not sell out because the fundamentals were good overall.
£1 now.
last two days buys over 10k
very upbeat rns ...over £3 a year ago !
Recovery on ?
Cleared the decks..
excellent
Think this is going to continue to slide. Announced redundancies internally at head office today several key long term members of staff seem to have gone with many more included in the consultation to go. Shame, but clearly shows what happens with a change in the CEO.
Financial position The Company's financial position remains strong and the Company is expected to end the half year with a net cash balance of approximately £9m. In addition, the Company is supported by a £10.0m revolving credit facility, which is currently undrawn. Dividend Notwithstanding the difficult trading conditions set out above, the board proposes to announce an interim dividend of 2.5 pence per share, a similar level to that paid in respect of the first half of FY16, and currently expects to announce a final dividend of 4.6 pence per share.
Is dividend being maintained?
worth a punt at these levels?
but fundamentally solid
absurd PE ratio. very cheap!
"Trading during the first quarter of FY17" typo? lol.
trades.wow.
If they had any sense they would have cashed in all their pensions and run off to a warmer sunny place where you don't need much in the way of clothes or where they are a lot cheaper anyway.