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So refreshing to see leadership driving performance. Excellent cEO, very happy to be invested.
GLAlth
Not a 'sexy' stock (apparently). But strong, consistent, revenue growth and profitability.
Turns me on anyway!
I've invested here based on good positive momentum. It is well above the 200 day SMA.
I do like investing in "boring" companies with little activity on the forum.
It rather seems that this is a well-run business, and is going the right way.
Seems to me that there is very little not to like in today's RNS.
Risks are to the upside for Electrocomponents (ECM) after the electronic parts distributor delivered a stronger than expected fourth quarter, says Liberum.
Analyst Sanjay Vidyarthi retained his ‘buy’ recommendation and increased the target price from £11.00 to £11.70 on the stock, which rose 18p, or 1.7%, to £10.99 on Friday.
The analyst increased his full year 2021 profit before tax forecast by 2.8% and 2022 earnings estimate by ‘a cautious 1.6%, with continuing freight costs and [foreign exchange] weighing, despite the expectation of strong sales momentum’.
‘We think the risks are to the upside as the year progresses, given the strengths of the digital model. We expect further synergistic acquisitions,’ said Vidyarthi.
My own TP is actually 1200p. Let's see.
Very close to the FTSE100 now..... is that likely to draw in more funds and drive the price up further???? Any views?
Difficult to see how the trading statement could be better given the circumstances..... I suspect they will come out of this much stronger as they have had the financial strength to deal with it at the expense of many of their competitors.
and in the next update the US upswing will improve the figures further!
The markets seem to like the latest trading statement, only recently took a position here, looking a good decision, good luck to all invested.
On the way up very busy heading to £10.30/£10.50 onwards and upwards buy, buy,
had a nibble at 120k worth of shares with her bloke. Fancy that! Looks like she enjoys getting her share.
THIS SHARE SHOULD BE AT £10/£10.50 STOCK UP NOW AND MAKE A NICE PROFIT , VERY BUSY COMPANY WHO HAVE STAYED WORKING ALL THROUGH THE LOCKDOWN .
BUMP. Burst through 1000p and deservedly so. The placing at 825p was excelent value and am only sorry I didn't have funds for more. Still a 20% return is no small change and I think there is more to come.
Certainly looking positive with the acquisitions coming on stream and potentially further acquisitions to come in the current climate. Companies that have the strength to maintain availability and service in these challenging times are likely to do well and come out of it much stronger.
on further consideration of yesterday's update. I think ECM will push over 1000p as revenue are strong. P/E of 25 on 2021 earnings but worth it in my view.
LIBERUM RAISES ELECTROCOMPONENTS PRICE TARGET TO 1,050
Many companies would have been hit by the revelation of higher costs which are likely to perist for some time. The rise in revenue which offsets this means the SP has held up. This should instil confidence to propel the share at least a little higher to the 1000 to 1100p range.
Fairly good update. Mixed due to cost pressures but I think the company have performed admirably in the circumstances. The fundamentals are storng here.
BlackRock Income & Growth (BRIG) managers Adam Avigdori and David Goldman are backing electronic parts distributor Electrocomponents (ECM).
In final year results for the £39m investment trust, the duo reported they had added the company to their portfolio of UK income-producing equities in anticipation of it returning to the ‘dividend list’ after suspending its pay-out in June.
‘The business has a strong track record of taking market share in highly fragmented markets,’ said the pair.
‘It also has a strong balance sheet and underlying cash generation gives the potential for significant growth opportunities. Additionally, we believe its end markets are well positioned to recover post-Covid-19.’
Seems to be steady at over £9, let's hope it has established a new base level with steady results through the crisis ....
and with the placing washed through hopefully than we have more to look forward to. I am cautious on the general market as almost everything in my PF has gone blue without being news driven but content with my investment here. Got a cushion to my entry price of 825p so can afford a drop which at around 850p would be a buying opportunity for me.
Yes I took part....after reading the details on RNS plus looking at there impressive website for the first time!
Thanks JA. Did you take part in the placing? Made my maiden purchase in it. Interesting Broker Targets out today of 940p and 950p with just JPM raising but neutral at 800p TP.
Sorry for delay...I saw the "countdown" clock on PB and it stopped at 11am-that is where I got the information from.
Fell to the placing price but bounced back. Good to see and perhaps with the placing settled we can move to 900p. Got my full application at 825p. Sweet!