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Wed, 15th Jul 2015 08:50 ** Electronics distribution co Premier Farnell's shares fall as much as 3.7 pct after Credit Suisse downgrades to "neutral" from "outperform" (cuts TP to 175p from 210p) ** CS analysts say deteriorating gross profit margins and the launch of AmazonBusiness in the US hurt their confidence in the strength of co's standalone equitystory ** Brokerage sees AmazonBusiness as negative for Premier Farnell's US activities and potentially for the whole co if Amazon decides to expand overseas ** The Americas account for 46 pct of co's revenue ** Co recently reported a fall in Q1 gross margins, adding to concerns as it had reported lower margins last year as well ** "Though cheap on headline metrics and supported by the 6 pct dividend yield, we see limited scope for a re-rating in light of the challenging market environment," CS analysts say
These, shares were tipped as a buy in the press a lot of weeks ago at around 190p . Thought I had missed my opportunity when they went over £2. Couldn't resist buying at 178p. Dividend is very attractive. Hope it is sustainable. Good medium to long term hold I think.
Buying and adding for yield here. Another overdone fall imo. Look good from this level. RBC 240p
Ummm...still not really convincing is it? "Whilst we expect first half adjusted operating profit to be marginally below the prior year," says boss Laurence Bain, "we anticipate adjusted operating profit for the full year to be broadly in line with the prior period." Think I'll stay out for now... GLA & Best regards, Blue
Farnell element14 simplifies online experience for production customers Published: 29 May 2015 - Marianne Evans Farnell element14 has further simplified its web experience for customers wishing to buy products in production quantities. One of the new features is the display of products on a single page that allows the customer to select associated packaging options from cut tape, full reel and re-reel. Customers can now also take better control of their online production experience through improved product data, the visibility of price breaks at different packaging quantities and the option to select their own packaging preferences or default to the most appropriate packaging type based on the quantity being purchased. Richard Slee, European Business president sales and marketing at Farnell element14 said: “We rolled out our new web platform globally to enable future growth with flexibility for rapid development. These efficiencies create a greater customer experience through global alignment and streamlining of the online ordering process. With over 60% of the company’s European sales now online we are creating a proposition that ensures all our online customers have the best possible user experience right through to professional buyer purchasing production quantities.” Web enhancements allow customers to instantly compare prices side-by-side, see the different packaging options available for products, and access over 20,000 full-reel items plus re-reeling on all cut tape products. Other propositional advantages for production customers include Date and Lot codes available on demand on all Farnell element14 products and the award winning, free packaging recycling programme. http://www.connectingindustry.com/Electronics/farnell-element14-simplifies-online-experience-for-production-customers.aspx
Getting nearer my 160p target...#optimist :-)
Premier Farnell a buy on European recovery: Premier Farnell, which distributes electronic components around the world, should benefit from the boost to the European economy from the quantitative easing programme announced in January. That leaves the shares looking too cheap. Premier Farnell reported its annual results last week. Sales in total were weak and down by 0.8% to £960 million overall, while pretax profits fell by 7.6% to £69.1 million to the end of December. What’s more, Premier Farnell said that cost cuts in the year ahead would be around £3 million to £4 million and double next year. The shares remain attractive because the company still generates plenty of cash and maintained its 10.4p dividend, going ex-dividend on May 26 and payable on June 25. The interesting element with Premier Farnell shares will be if quantitative easing gives the European economy a boost and for that reason we rate them a buy.
Brief synopsis of the results... http://www.rttnews.com/2472439/premier-farnell-fy-pre-tax-profit-down-quick-facts.aspx
...but dividend still being paid... Ex- Divi' date is not until the 28th of May... ....so I'll put a low priced limit order in between now & then, say 160p...
'Decided to take 14%+ profits, last week... ..I like the company but 'not sure how the Final results will look tomorrow... 'May well come back in if they are ok...
I've just bought in. In for the long run. think this firm have good prospects. hopefully lots of Blues in the coming weks.
I'm 12% up here in a little over a week... But 'will defo' hold... Finals on the 19th of this Month
PFL Premier Farnell break/out from downtrend channel. Resistance 190p and then approx 200p. Trades on a forward P/E of 11.8 to 2016. Latest broker view......Date Broker Recommendation Price Old target price New target price Notes 02 Mar Numis Buy 177.90 200.00 215.00 Reiterates https://pbs.twimg.com/media/B_M2gb_WwAA0W-e.jpg
Numis Securities Ltd Raises Premier Farnell plc Price Target to GBX 215 (PFL) Posted by paymon on Mar 4th, Updated 5th march 2015 Premier Farnell plc (LON:PFL) had its target price boosted by Numis Securities Ltd from GBX 200 ($3.08) to GBX 215 ($3.31) in a report issued on Monday. They currently have a buy rating on the stock. Numis Securities Ltd has also updated their ratings on a number of other stocks in the last week. The firm reiterated its buy rating on shares of Barclays. Also, Numis Securities Ltd reiterated its hold rating on shares of Pearson PLC. Finally, Numis Securities Ltd reiterated its buy rating on shares of Lloyds Banking Group PLC. Premier Farnell plc (LON:PFL) opened at 178.50 on Monday. Premier Farnell plc has a one year low of GBX 147.00 and a one year high of GBX 242.40. The stock has a 50-day moving average of GBX 166.7 and a 200-day moving average of GBX 175.6. The company’s market cap is £655.7 million. Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a neutral rating on shares of Premier Farnell plc in a research note on Tuesday, February 17th. Analysts at N+1 Singer upgraded shares of Premier Farnell plc to a buy rating and set a GBX 180 ($2.77) price target on the stock in a research note on Friday, February 6th. Analysts at Jefferies Group reiterated a buy rating and set a GBX 230 ($3.54) price target on shares of Premier Farnell plc in a research note on Thursday, February 5th. Finally, analysts at Shore Capital reiterated a hold rating on shares of Premier Farnell plc in a research note on Thursday, February 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of GBX 207.31 ($3.19). Premier Farnell plc is a key partner for many electronic design engineering customers as they develop the next generation of technology and for Maintenance, Repair and Operations (LON:PFL) engineers, in its targeted industry segments such as robotics, oil and gas and 24/7 utilities.
'Bought in here yesterday at a fraction below 167p... ... for my "Hot Ducks" Dividend Portfolio...see LSE General Chat... GLA & Best Regards, Blue
It;s gradually recovering and todays Tempus write-up in the Times reckons the fall was overdone.
Which is why I just upped my holding by 50%. Pity I missed out on a chance of 151p - but is still 10% lower than the previous SP, which I count as a significant safety margin. Plus 6% divi in sept.
holding. Can't quite believe the kicking this is getting for announcing sales increase of only 3.3% ! - Yes they have had to do some one-off discounting on the Pi ahead of this weeks launch of Pi2 (already bought a Pi2 to run some more of my home TVs on xbmc !) and some restructuring - these costs are unlikely to reoccur and with element14 PFL has now built one of the greatest online content marketing platforms out there - this will lead to decades of recurrent customer spending.
A fairly balanced article. http://www.iii.co.uk/articles/206089/edmond-jacksons-stockwatch%3A-buy-if-you-reject-deflation-scare
This looks the point where shorters are starting to head for the hills. buys coming back in.
I hold shares in rival electrocomponents that has seen similar drop in last few days. The CEO of Electro is leaving. Given similar size and activities one of the institutional shareholders must surely be asking for them to merge the two businesses. Got to be a lot of overlap and synergy.
Actually the drop is more that 10.5% from the level before the news evidently leaked yesterday afternoon - so IMHO this drop is unwarranted. The forward earnings visibility for farnell is very straightforward - no possibility of the horror accrual writedowns that are inevitably going to pop up in other areas in the next few months as the steam gets let out of the FTSE price. On this basis I have added 60% more shares.
Spot on in your observation......but is the 9% fall slightly overdone in your opinion ?
Going off the collapse of the price this afternoon with the interims out tomorrow...clearly we have a leaky ship.