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SK, I'm fairly new to investing. I started in December. The other companies are all pretty small. I am investing in them for the increase in share price. Some are outstanding, some average, some crappy. Got rid of the dodgy ones (although i have a small holding in CEY - thought that i would take a punt). My best one is MOS. I'm also in LGO - the sp is a bit poor at the moment, but i think that they are going to do really well over the next year or two. I plan on holding all of my shares for a coulple of years at least. I do not hold any dividend paying shares (mine are MOS, LGO, CEY, WSG, WRES). How many companies are you invested in, and how many are dividend payers? What are your best shares? If you do not want to divulge the info, I understand. I am trying to find out how other people are deciding where to invest. How do you think that POWR will perform over 2013? Regards Stotters
Thought I was the only one interested in this company. Think the divi is paid in May. The best performing shares in my portfolio are ALL dividend payers. This should keep a floor under the share price with better times ahead hopefully. Regards S/K
SilverKnight. I have had an eye on this share for a few months. The management seems to be pretty good and the company has a sizeable bit of cash in the bank. I think that 2013 will be much more positive than 2012, due to the one off problems that they have had over the past year. The sp has not moved for a while, but dividends may make this a more attractive investing opportunity. Do you know when the payments are to be made? Regards Stotters
seems to have passed everyone by but the dividend has been held and I have bought in. Looks promising for 2013.
Valuation: Tempting FY13 rating We have reduced our FY12 EBITDA and PBT estimates by €3m to fully reflect the recent plant downtime and lost volume described above. There should be no impact on subsequent years’ performance and estimates here are unchanged. Consequently, current year multiples are inflated by somewhat constrained earnings. Looking at the following years reaffirms previous comments on value ratings with an FY13 P/E of 7.9x and a group EV/EBITDA below 3.2x. With the prospect of an interruption-free year in FY13 showcasing plant enhancements, further share buy-backs must be a tempting option.
Valuation: FY13 EBITDA multiple of 3.2x Since the last share buy-back announcement in June, the share price has remained below 24p, but has regained some ground from a c 20p low. Authority remains for further buy-backs but other investments seem to have been the focus more recently. At 23p, the group EBITDA multiple is barely above 3x for FY13, which is extremely low even by value standards. Net cash, cash generative and a final dividend that we expect to be approaching a 5% yield should all appeal
Valuation: Compressed cash multiple Powerflute continues to trade in the 20-25p range, sitting on a value rating on FY12 earnings, even more so for FY13 without any recurrence of the mechanical disruption. The company remains in a strong net cash position and is cash generative. EV multiples are now, in our opinion, unsustainably low at c 3x, especially if one considers that Savon Sellu, as a stand-alone facility, generates c €20m EBITDA per year. A share buyback programme announced in May has, to date, bought in 5m shares (out of a total authority of 28m) at an estimated average price of 24.7p. No further purchases are to be made during the H1 closed period
Powerflute Oyj, a packaging and paper group, has reported a 15% rise in revenues from €105.4m to €121.4m during the year ended December 31st. Pre-tax profit almost tripled from €4.8m to €12.4m. Earnings per share rose to 3.5 cents from -13.3 cents. Cash at the end of the period stood at €43.6m compared to €18.7m the same date the previous year. The directors intend to recommend a dividend for 2011 of 1.3 cents per share (2010: 1.0 cents per share)
8M sell
Not too bad an RNS but those after hours sells look a bit daunting!
Dermot Smurfit, Chairman of Powerflute, said: "Packaging Papers performed very strongly during the second half and its results for the year ended 31 December 2011 are a considerable improvement over the prior year and represent the most successful period for this business since its acquisition by Powerflute and its predecessors in 2005. Although market conditions have been favourable throughout much of 2011, investment decisions and management action have also contributed significantly to improved product quality and consistency, leading to greater penetration of more attractive and profitable markets, better production efficiency and lower costs. We expect 2012 to be a more challenging year from a macro-economic perspective, but we are very well positioned to take advantage of possible opportunities that this might afford us."
RE-CLOSE TRADING UPDATE Powerflute Oyj ("Powerflute" or the "Group") today provided the following update on trading for the year ended 31 December 2011. The Packaging Papers business continued to perform well during the second half of 2011 as capital investment projects and management action taken earlier in the year strengthened our competitive position and contributed significantly to an improvement in underlying performance. This was achieved despite an increasingly challenging economic environment, which resulted in weakening demand and price pressure in certain markets. The operating profit from continuing operations in the second half was similar to that of the first half, despite the earlier period including a gain of €1.9m from the sale of Harvestia shares, and we now expect the results for the full year to be slightly ahead of current expectations. The Group was strongly cash generative and ended the year with net cash of €19.1m, consisting of cash and cash equivalents of €45.6m and total borrowings of €26.5m. The uncertain economic environment continues to affect consumer confidence and market conditions for Packaging Papers are more challenging now than they were for much of 2011. However, we are confident that the Group is well positioned to benefit from any improvement in conditions as the year progresses and has the financial resources to take advantage of opportunities as they arise.
http://www.investegate.co.uk/Article.aspx?id=201201190700138035V
especially when you look at other share prices today hopefully more rises to come from (powr)
looking good hopefully the start of a good rise another share i am hoping will contiue to rise is altona (anr) lets hope this is just the start of (powr) share price climb
Shares in Powerflute Oyj (POWR) lost 1p to 16.75p on news the packaging and paper group expects trading performance for the year ended 31st December 2010 will be comparable with that achieved a year earlier. The group said, while its packaging papers business performed strongly during the final quarter, operating margins in its graphic papers subsidiary were impacted by "deteriorating market conditions". The business has made a "positive" start to the new financial year, it added.
see this is still doing really well for you!! Think you would have earned a better return from a building society account in the last 8 months -still at least you have dropped the ramping of it -with a bit of luck it might be at your predicted 40p by 2012..
I will leave this one for you -prefer companies with a bit more going on -Good Luck
or should I call you Stinky Alberty, see I am a wit as well., anyway I was thinking of buying some of these but does this mean you will give me a clever name, I kinda feel I might get a little tired of that, stinky boy.
well unless this gets a shot of adrenaline this is not going to be 40p by the end of this month.....
I am delighted for you -genuinely. Just hope that with todays sell v buy ration of 10:1 it can hold its gains. Good Luck
I think you have misread the posts -maybe you meant to address this to jamesmaggs