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you just hate it when you miss your entry.....
FYI here's Singer's update from last week - they go for historic 11.2p EPS for 2016, with a 3.2p dividend: "Exceptionally strong trading performance T Clarke’s year end update highlights an exceptionally strong underlying trading performance. Before exceptional items relating to the previously announced fraud at DGR, full year profits are expected to be £6.0m, materially ahead of our £4.2m forecast. The Group’s year end net cash position was also better than expected at £9.2m (£5.4m forecast). A confident outlook statement, a growing order book (£330m, 10% higher than the prior year end) and the strength of recent trading prompts upgrades to FY17. In our view, the shares have been impacted far too severely by the fraud investigation. Post upgrades, they trade on <6x current year P/E with a 5%+ yield. Event T Clarke’s year end update highlights an exceptionally strong underlying trading performance. Before exceptional items relating to the previously announced internal fraud at DGR, full year profits are expected to be £6.0m, materially ahead of our £4.2m forecast. Exceptional charges and provisions relating to the fraud are expected to be £2.2m including £0.4m of professional costs directly associated with the efforts to recover the misappropriated funds. Legal proceedings to recover the funds are ongoing. The Group’s year end net cash position was also better than expected at £9.2m (£5.4m prior forecast) reflecting in part the timing of major project completions and stage payments received in the second half. The cash position was 39% higher than the prior year. Banking facilities have been renewed as planned. The order book closed 2016 up 10% year on year at £330m, which also compares favourably to the £320m reported in November. Notable new project wins include two significant London office fit out projects for a social media client and a major asset manager. Impact on earnings & valuation We have upgraded our FY16 adjusted PBT forecast to £6.0m, a 43% uplift. We have also reflected the £2.2m exceptional item and have increased our FY16 cash forecast to over £9m from £5.4m. In FY17, we upgrade PBT by 14% to £5.8m and roll forward the outperformance on cash to give net cash of £11m at the end of FY17 (from £6.8m previously). In our view, the shares have been impacted far too severely by the fraud investigation. After today’s upgrades, the shares are trading on <6x P/E, 5.2x EV/EBITDA and yield 5.3%."
I bought some of these for the first time ever today, having been on my watchlist for some years. Hopefully my timing is good :o)) Looks extremely cheap imho assuming stable markets.
update RNS today.
I've watched this for a while and saw the RNS this morning as a buy opportunity, which I took. If read carefully the news is hardly as bad as all the sells would suggest. Still very optimistic on this one.
in the till
Price seems to be winding up for another attack at resistance at 90. Lots of headroom above that with little obvious chart points to hold it back for a while
Nice
Block buyer... Rite time to turn off and let it run!
that is.
on here, 100 x3 , to try start the sells, They want your shares.
Back to auction it is
Looking at automatic trades I don't think you ban buy and they are filtering them through....
Coming?
Paid again.. the sheer size of these contracts this should be trading at least in the 60's imo.
49.6 on a dummy sell big buy in background?
Sure if the Reds in the 50s are buy or sells but they are automatic.
Quiet in here... 350 million in contracts with a 20 million market cap... if this company was wrapped up and sold what would it be worth? a shhhhhit ton more then this!!
Cheers mate... WRN should be good!
well done - another one missed - wrn better be amazing!
But with a 20 million market cap that barely underlines the size of the contracts these guys have and are securing...
yeah I think that mite be rite... year high was 88p
at 51... so probably cant buy easily today.
It does look nice...:) If however already 275 million why didn't it react before? Looks 60p today maybe?
Seen all the holdings increases in august 6 companies in quick concession upping their stakes over 3% with one over 11%...