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Because I didn't have perfect foresight in seeing that the company would lose a major European client? Read through your posts and don't remember you including this point as part of your sell recommendation. These things happen when investing. Glad you can laugh - presumably you get all your stock picks 100% right all the time? Or it's a low blow from someone who should know better.
lol...mind the fcf...reality dawning??
Why the big drop?
u r daft lol
Way too much weight being attached to currency translation in the posts below - I would never buy/sell a stock based on currency translation which tends to be mean reverting, and does not reflect the health of the underlying business. Constant currency sales and operating profit growth of 12% and 45% look pretty good to me and are backed up by a 25% hike in the dividend. When coupled with a PE valuation tending towards single figure over the next few years it feels like a reasonable risk reward trade-off below £2 to me.
surprised by strength of support @£2...plenty to worry about imv
Given relative $ and £ strength v emerging currencies I think the Fx costs will continue to make a relatively large dent in the profits.
not just asked lol
If you would like to hear the management of Regenersis discuss their results and ask them questions you can listen to a Webinar at 2.45 today. To register follow this link: https://attendee.gotowebinar.com/register/5356252567974984449 Thanks, Equity Development
Seems to be the in vogue word at the mo' for companies with poor currency exposure...Parp! As an aside I once won a million Zlotty in a Casino in Warsaw.... 'About £85 at the time. LoL GLA & VBR Ps: Tailwinds can also be rather discombobulating :-D
During H2 2014, we experienced significant headwinds in the translation of the Euro and the Polish Zloty (which together represent approximately 50% of the Group's revenue), and a basket of other Emerging Markets currencies (which together represent approximately 40% of the Group's revenue), due to their weakness relative to the strength of the Sterling. This strength of the Sterling relative to the functional currencies continues during the current period and has worsened slightly.
shocking really how weak that report is...just look at the fcf (negative)...and the poor poor contribution from B acquisition ...reckon this will drift down for some time, so now on much reduced free carry
Another example of creative accountancy. Profit is down. Period. The difficulty they have going forward is the strength of the pound against the Euro and with money now being pumped into the Euro zone by its central bank, this isn't going to improve any time soon.
Financial highlights · Revenue of £101.9 million (H1 2014: £99.7 million), an increase of 2.2% (increase of 12.2% at constant exchange rates). · Group Headline Operating Profit * ("HOP") of £6.0 million (H1 2014: £4.6 million), an increase of 30.4% (increase of 45.7% at constant exchange rates). · HOP margin increased to 5.9% (H1 2014: 4.6%), reflecting the improving quality of the Group's portfolio of businesses. · Group Headline Operating Cash Flow ** ("HOCF") of £4.2 million (H1 2014: £2.7 million) with cash conversion of 70% (H1 2014: 59%). · Net cash at period end of £12.1 million (H2 2014: £20.6 million) reflecting acquisitions made during the period. · Interim dividend of 1.65 pence per ordinary share (H1 2014: 1.32 pence per share) - up 25%.
Are interim results due tomorrow as indicated in "The Telegraph" week ahead? http://www.telegraph.co.uk/finance/markets/11473830/Week-ahead-in-business-and-economics-March-16-20.html As a small-time investor in QPP I have learned that such an event would warrent at least 10 pages on LSE this morning. It all seems eerily quiet here!
UBS investment bank been buying - good signs
Nice Friday rise should hopefully see a move next week too
around a million shares...so over £2m
£380k and £90k buys, those two? They've only just popped up on my lse
and then two large buys by the EBT (which is hardly relevant)
Directors buying today and yesterday. Good signs
Will have a good crack at the data erasure market following Blancco acquisition and placing at 345p. Drop from that level was way overdone so for me, a target near there by year end is attainable. Peacock/Hanover will be around for a while yet imv
They tend to do only one or two things at once, bought into RGS in early 2011, so they've made 4-5x and Peacock is Hanover so I expect they can and will do the right thing.
matters more wrt Hanover's investment performance lol
I think you can assume Peacock is going to be pretty focused on delivering a return to shareholders on their placing for Blancco - at least. His reputation will be important to him.