Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
Ah my nice dividend has just arrived. Anyone got anymore negative comments?
As per my earlier posts these are set to fall further and may be a good punt at around 80p Changes at top of group and also fuels company which posted very poor results blamed on the mild winter. Not sure if this is the complete story; what about the cold spring?
NWF Group has appointed Brendon Banner as its new Group Finance Director as of November, replacing Johnathan Ford who is leaving at the end of September to take over the position of Chief Financial Officer of HomeServe. Brendon joins from William Hare Group, a structural steel engineering and fabrication group. He has been in industry for the last nine years, including senior finance positions at Shop Direct Group.
I don't think its all that bad, they are making a profit in very tough conditions at the moment. My opinion is that if the winter is cold we could have a £1.50 sp or a mild winter with a risk of 80 to 90pence sp.
Poor group results for 2011/12. It seems that the Fuels ompany fell over 80% in operating profit in spite of nearly £3m acquisition costs for Swann Petroleum and the first full year for the Eveson Fuels acquisition. Mild winter blamed but there must be resilience built into the operating model with our unpredictable climate. However no mention made of the cold Spring! High oil prices have been with us for some time and I believe that movements in the year would not have impacted so much. Also a fall in Agriculture but an improvement in the distribution/warehousing company although this part of the business has consistently underperformed in relation to the investments made in the past few years. Also not a recent change in management with the departure of the Group FD. Can te current price in excess of 100p be maintained? Doubt it
Well I've plunged and bought because I feel that the other two enterprises will make up the shortfall with the fuel enterprise because of mild winter.
I THINK THESE WILL DROP FURTHER AND COULD BE WORTH BUYING POST 2011/12 ACCOUNTS
From what I know about the seasonality of 2 of the Group Companies and that most of the profit is made in the second half, I would expect an even greater impact of the mild winter showing through from December onwards.
CONT He noted that the group was undertaking a reduction in its workforce and restructuring its shift patterns, adding that the past year had seen the company 'go on' with its plans to acquire more businesses (Shropshire-based Swan Petroleum was acquired last October for £2.75m). Analysts at house broker Peel Hunt are forecasting pre-tax profits of £6.9m (EPS: 10.5p) on sales of £639.7m for the year to May 2012. A dividend of 4.8p is also pencilled in, with 5p forecast for 2013. Last rated by Growth Company Investor last May with a buy/hold recommendation, the shares currently trade at 115.5p. Offering a considerable yield of 4.3% on 2013's dividend, shares in NWF represent an appropriate investment for those looking for income in the FTSE Small Cap/AIM sector. The latest results are somewhat disappointing but do little to alter the long-term direction of the group. Buy.
NWF GroupBUY 01/02/2012 Ben Jaglom Food, fuel and feed distributor NWF Group (NWF) blamed the 'exceptionally mild weather' for a slide in profits in its fuels division. The AIM-quoted concern declared an 18.2% slide in pre-tax profits to £1.8m on sales up 29.6% to £263.7 million for the six months to November. Net debt stood at £29.3m (2010: £17.1m) while the interim dividend stood flat at 1p. NWF's feeds division saw profits sink from £1.5m to £600,000 as a result of a 2010 comparative in which gains were made from forward material purchases with sales soaring by 23.9% to £60.1m as a result of increased prices. Its food division reported a powering ahead in profits from £1m to £1.8m on sales of £22.9m (2010: £22.3m), with the group enthusing that this came from initiatives that included 'increased backloads and more efficient operations'. Its fuels division declared that the weather conditions led to 'reduced demand for heating oil' and 'increased competition for commercial business', with NWF declaring profits to be break-even (2010: profit of £700,000) on sales of £180.7m (2010: £132.6m), with the higher sales coming from rising crude prices and the result of acquisitions. In an interview with Growth Company Investor, chief executive Richard Whiting remarked that the food division 'continues to see reasonably stable volumes', with the supermarkets said to be 'still fighting for the consumer's pound'.
http://www.growthcompany.co.uk/recommendations/1688858/nwf-group.thtml
Shore Capital downgraded its stance on NWF Group (NWF) from "hold" to "sell" following a disappointing set of interim results, which showed pre-tax profits down 18% at 1.8 million pounds, against a forecast 2.1 million pounds. Additionally, due to the mild weather impacting the agriculture group's feed business, Shore lowered its full year pre-tax profits target by 35%, putting the shares on a prospective earnings multiple of 15.3 times, which the broker noted significantly exceeds the peer group average of 11 times
Charles Stanley downgrades from hold to reduce, target cut from 143p to 100p.
Peel Hunt downgrades NWF Group from buy to hold, target price cut from 140p to 130p.
NWF (NWF) reported pre-tax profits of 7.6 million pounds for the year ended 31st May, up 7% year-on-year, on the back of revenue growth of 22.1% to 463.8 million pounds. The agricultural and distribution group noted a record operating profit in its feed division of 4 million pounds, up from 2.1 million pounds, thanks to the increase in commodity prices and by improving efficiency in its mills. Chairman Mark Hudson commented: "With a very stable operational and financial base we continue to target development opportunities
http://www.investegate.co.uk/Article.aspx?id=201108090700119795L
Doe's anyone have any idea why these are rising?
share split 5 for 1
anyone have a clue?