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why has share priced dropped ?
Markets dont like sectors with zero growth as it said in these results increase in profits seems down to operation improvements to its profit margins. Almost brought these few times still good company but be interesting see how the share price reacts over next few days/weeks.
Good results today and the share price goes down. Maybe the brokers were expecting better! The Naked Trader bought 3500 at 129.4 on 6/7/15 and set a target of 150 and stop of 115.
Interesting forecasts from Edison, shame they didn't tip this a couple months back
And now the Commercial Director buys 42,000 @ £1.32 ! (although why he didn't buy them a couple of weeks ago 20% cheaper is a bit of a mystery ?
strike price of 86.4p .............. happy days. Directors all taken max allocation - no surprise there!
Apparently got good write-ups in "Shares" and "IC" this week? Will check them out over the weekend.
or maybe premier fund managers just increased their holding :)
on a relatively low volume. Perhaps Schroders et al have completed their offloading ?
From results Pre-tax operating cash flow increased by 54.3% to £19.9 million (2013: £12.9 million) demonstrating the strong cash generative characteristics of the business. In addition to this, £10.0 million of funding was raised as part of the IPO and, in combination with the operating cash inflow, was used to pay down the borrowings. After payment of interim dividends of £1.9 million the Group ended the year in a net funds position of £1.1 million (2013: net debt £18.7 million).
No issues generating cash. Lots more savings yet to come through from rationalisation (for example, comment about new warehouse at Tamworth site which goes live imminently) Looking forward, new window profile system will be huge, plus associated rainwater products etc. All good.
I agree that at the first look the results are very good but a 6.4% rise isn't breathtaking. What's the reason? Maybe their cash position of just a little more than £1m and need for more money to continue further operations? Anyway, time will tell.
said to threeputt on FB, happy to hold demonstrably undervalued shares based on results and outlook, and wait for fair value, however long it takes
Yeah been taking a few 10- 20% scalps , not to be sneezed at , threeputt in as well , i have same view as you about 125 nailedon - maybe more, i think i will set stop loss at 120 when we hit 125 and limit sell 1.35 , subject to change !
A little more relaxed here than the daily wait over on WSG !! I still think plenty more to come here over time. £1.20 - £1.30 for sure.
not on my radar , until today, fab results !
Highlights -- Underlying operating profit before pre-IPO shareholder management charges (*) up 25.8% to GBP19.5 million (2013: GBP15.5 million). -- Adjusted EBITDA (**) increased by 14.5% to GBP24.5 million (2013: GBP21.4 million) and adjusted EBITDA margin to 9.4% from 8.4%. -- Profit before tax increased from GBP7.8 million in 2013 to GBP18.6 million in 2014. -- Revenue from continuing operations increased by 1.6% to GBP259.5 million (2013: GBP255.3 million). -- Positive net cash, GBP1.1 million, at 31 December 2014, up from a net debt position of GBP18.7 million at 31 December 2013. Cash generated from operations before tax up 54.3% at GBP19.9 million (2013: GBP12.9 million). -- Basic earnings per share of 11.56 pence (2013: 4.09 pence). -- Proposed final dividend of 2.83 pence per ordinary share, following on from an interim dividend of 1.41 pence per ordinary share, making the total dividend for the year 4.24 pence per share. (*) Underlying operating profit before pre-IPO shareholder management charges is before amortisation of acquired intangible fixed assets, business re-organisation costs, share based payments and pre-IPO shareholder management charges. Pre-IPO shareholder management charges relate to management services provided by entities controlled by the pre-IPO majority shareholders. These charges ceased from the date of admission to AIM. (**) Adjusted EBITDA is before non-recurring costs, share-based payments, discontinued operations and pre-IPO shareholder management charges. Jon Bednall, Chief Executive Officer, said: "We are pleased to present full year results which demonstrate that we are making progress in delivering our programme of operational improvements to enhance earnings and leverage the scale of the business." "There has been significant under-investment by landlords and property owners in the UK's housing stock and we believe that the Group will benefit from the UK economic upturn in the RMI market, as well as the increased focus on energy efficient buildings. We are well placed to continue to grow our operating profits in line with the expectations at IPO and to capitalise on future market growth opportunities."
Cantor have started coverage of Epwin (16.3.15) with a "buy" recommendation and a target price of £1.50. Nice little bounce on the back of it.
Yep. Finance Director bought £40k. One of my better "holds" amid the market turmoil over the last month or two.
Hi mate just got an email about this so will do some more research later regards...mentioned recent director buy
Very happy with that update. Lets hope the SP reacts accordingly ?
Amazed by the lack of interest in this share. Being bought @ 110p this morning, so already up 10% in the first month since float. Hopefully the September update will provide some stimulus.
Nice results from SIG today. Bodes well.
Good solid buying since launch and a slow tick up. Have added some more.
Anyone know where to find the key dates (ex-div etc.) Can't see a link on the website or above? Thanks