The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Seems like a large volume of buys today with no movement in share price? MM manipulation or anyone else have a better reason?
Perhaps pi buyers are discouraged by the spread, which is often unusually wide? I have a substantial holding (£80k approx but am still about £15k under water because of last year's sudden sharp drop in sp.
"Shares in Epwin(LSE: EPW) currently support a dividend yield of 6.6%, nearly double the market average. And this payout looks safer than that of many so-called dividend champions as Epwin is a cash cow. Last year the company's operations generated £22m of cash, capital spending came to £9m and the dividend only cost £6.7m. With the money left over, plus borrowing, the group acquired two businesses to help drive growth. During the first half of 2016, Epwin generated £8.2m in cash from operations, spent £8.3m on capital expansion and acquired yet another business. Including the dividend, cash outflows totalled £23m with the difference funded with debt. At the end of the period, Epwin reported net debt of £29.9m. City analysts are expecting the company to report a net profit of £20m for 2016. Considering Epwin usually converts around 80% of net profit to cash, it's reasonable to assume the group will report a cash inflow of £16m for the full year, which gives management plenty of headroom to pay down debt and support the dividend. The shares trade at a forward P/E of 7.2."
Politics: http://www.telegraph.co.uk/business/2017/01/19/housing-market-slows-december-supply-crunch-continues/ It should be noted that any government policy to encourage/force housebuilders and developers to use land more quickly through planning permission reform will have the effect of stimulating increased demand from suppliers of materials and building products, such as Epwin. Housing prices will be supported but supply will remain limited, with stamp duty preventing families from upsizing. I have moved my position from BKG to suppliers of housebuilders for this reason. Valuation and Market Position: Using SimplyWallSt - considering intrinsic value based on future cash flow - Share price is £1.04 vs Future cash flow value of £1.77. Another way of sayiing this is that Epwin Group's share price is below the future cash flow value by more than 40%. (5 years) Epwin is highly profitable with a return on Equity of 24%/Return on Assets 9.3%/Return on Capital Employed 20% (Well above the 8/8/8 threshold of quality dividend stocks) and this is due to improve due to the recent investment in manufacturing processes: http://www.epwin.co.uk/epwin-window-systems-investing-for-the-future-and-for-the-planet/ .. which should be realised within the next year. Dividends are covered over 2 times and payout ration is currently 50%. Dividends after 3 years are expected to be well covered by net profit (2.2x coverage) Dividend growth is expected to be 11.5% next year. Yield next year 6.76% at time of writing and growing. But you know what they say, do your own research! :)
"the valuation looks anomalous, with the FY17 PER multiple of 6.7x almost at the same level as the prospective yield of 6.6%." https://www.***************************/epwin-group-plc-fy16-line-expectations-delivering-c-19-earnings-growth-zeus-capital/412722813
ish for jmb? lower if profits warning ..imv/dyor
wise posts
all looks good and promising, am always suspicious of these unusual drops however, will let it settle first I think - quite a while to go to next results
ah - interesting, must take a fresh look over the weekend buy in haste, resent at leisure lol
yr 100 is upon us.. ..ev of 170; ebit c25..perhaps higher? ..cheap rel to sfe, no?
www.edisoninvestmentresearch.com/research/report/epwin-group9/preview/
if those big trades were buys, it looks promising ..ebit of £25-30m this year ?(anyone seen update broker est??)..but i feel fairly confident 2h is likely stronger than 1h (pronounced seasonality makes good sense for this business since 1q/winter subdued surely) ..that puts ev/ebit close to cheap 5-7range..perhaps even within it ..dyor, all
and sold plenty
Recommended again in IC online today. Maybe if it's in print tomorrow it might help give the SP a boost a bit..? Agree with all your comments TripleD.
This has got to be one of the most ignored shares on offer at the moment. Well established Company (comfortably the UK market leader) with some organic growth, but with additional successful acquisitions along the way (Stormking and Ecodek). Plus a well-covered dividend of over 6%. I'd like to think we'll see some institutions paying attention after the first half results. We shall see.
bien sur ...mais ... Le Crunch/Crash...c'est pres...peut etre
Sorry, hadnt been watching here, ocd much ? very good point about no mkt expectations for interims however. A revisit to £1 would interest me, as this share has been good to me, if not plenty more poissons dans la mer Bon Chance !
epwn stuck in groundhog month/season
3putt
pays 3putt? what say u? What are market expectations for interims????
for telecable..fcf of euro36m/£30m justifies wot ev? £150m perhaps? further sp decline needed???
Got another one - ZEG.
there are no market expectation for interims, so update may be pedantically correct lol
enjoy yr w/e