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Farnell passes landmark figure of 70% of sales via e-commerce channels Farnell, the leading high service distributor now transacts more than 70% of its business in Europe via e-commerce channels, a figure which continues to grow as increasing numbers of customers select the web as their channel of choice, as part of the company’s multi-channel proposition. The first Farnell website, launched in 1996, laid the foundations for the company’s e-commerce proposition that has continually evolved and developed over the last 15 years. Being consistently first-to-market with a stream of innovative web-based initiatives and tools has helped the company pass the 70% key performance target, set at the outset of its strategic transformation, well ahead of schedule.
What is it going to take to make this stock rise a bit? It seems to be stuck at current low levels, despite the wider market recovering. Even Electrocomponents is rising!!!! This is surely too cheap now and is a takeover target? Do we all have to wait until a predator pounces before realising this?
Apart from anything else this is now badly oversold, now you have directors buying........ This is due a good bounce. Still, when will we be back over £2?
still sticking to my £1.50 prediction.
Valerie Gooding chairman of premier farnell bought more shares in PFL today giving more confidence in the thoughts that this is oversold and the drop is being overdone. Good top up opportunity and I will continue to hold.
More profit takers! Yet I think this will rally soon to around 215 - 220 area. Graph indicates this is badly oversold.....
Goldman Sachs cuts target price on Premier Farnell from 306p to 237p and retains hold recommendation.
Let's see 210 by close of play please!
Bought in at 192, unfortunately missed the 180's. Enjoying a blue day here. Hope this continues to re-trace upwards next week, 210-220 would make me very happy.
Just bought in, solid company which seems way under priced to me.
What I suspected, MM's used the profits warning to get the price down, it's going back to 200 +, predict next week will be 210.
£2 beached, 2.7% up
Definitely going north of £2 anyway LP 199.6 Only in for a small 5% bounce
Judging by his comments cashking will finish up cash strapped with this sort of assessment . I have followed the progress of this outfit for over 40 years. They have evolved from local Yorkshire distribution roots into a savvy,internet driven international outfit that has wisely flagged up a temporary lull in orders. Recent management purchases of shares demonstrates their faith which I believe to be well founded..
broker downgrade, there mounting up now, i still say its heading to £1.50
The recent large fall in the stock price ignores the company fundamentals which remain extremely strong. A growing amount of trade with India and China and a growing repeat order book from its internet business. A company where directors are buying back in now means all the fundamentals that drove this to 300 pence remain.
The London-based company, a multichannel distributor of electronic products for engineers and purchasing professionals, said on June 16 that disappointing sales in Singapore and Malaysia led to a 3.7% year-on-year drop in the Asian-Pacific region, even though growth rates were 14% in Greater China and 51% in India.
I think this will bounce back up to 200 plus this morning, way oversold the last day or so.
Nice to see the senior independent director Dennis Millard buying shares today on the back of the fall. Happy with the bounce back to 195p from a 52 week low of 184p should see 200p plus tomorrow and if more directors buy in the higher it will go possibly. Most sells today were probably due to stop losses being set below 200p.
http://moneyam.uk-wire.com/cgi-bin/articles/20110707142432P6AF7.html Is it a straight buy or under option scheme - always a bit vague with these
This will be back to 2.20 soon, a good company and a steal at these present prices.
again ticking up 193.7p to sell on TDW
EPS above sector average recently increased dividend more than markets expected as profits increased directors buying at 250p plus seymour pierce not so long ago had price target of 340p not so long ago was above 300p Good long term hold and will bounce back sooner than you think IMO
Directors were buying at 230p plus in the past 2-3 weeks they would have known growth was slowing and the market wasn't going to look upon it favourably. I very much doubt 150p will be seen today or in the near future. I'm inclined to agree with mulledwine, if 200p not today then tomorrow.