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Here come the buys. Well done those who read the RNS early
Dare I say BOOM today?
Great RNS. £13m contract compared with 7.5mill market cap. And check out yesterday's news too. Going to fly I think
agreed with all the below mate. very much under-valued and more importantly under-radar!
Facts Revenue rose 21% Gross Profit rose 45% Operating Profit rose 165% PBT actually fell 10% EPS fell 30% TNW rose ~10% My Thoughts From the above this may look like a fairly mixed bag (due to PBT and EPS falling). However a very large chunk of 2013’s PBT was exceptional .i.e. it was very artificial. It is for that reason that SAF appeared to be so cheap – because the market knew the profit before tax made in 2013 was not reflective of SAF’s performance. For the above reason the decline in PBT and EPS should be totally ignored. As you can see from the huge rises in gross profit and operating profit the business is clearly performing far better now than it was before, and that’s what is important. For that reason I reckon this has a lot further to rise. Now let’s look at some ratios etc. At a market cap of £7.6m the P/E ratio is just 9.4; the EV/EBIT ratio is 8.9, SAF is trading at a 40% discount to its NAV and to it’s TNW. All of those ratios are superb, especially for a company which is clearly growing so fast. Conclusion This is clearly very v cheap; there's a huge margin of safety, and - whilst SAF was cheap for good reason - that is no longer the case (the profits are real). So, if I hadn’t spent so much recently on holidays etc, I’d buy into this tomorrow. Strong Buy
Like this part of the Rns: This is an increase of 21% resulting in increased operating profit for the year ended 31 March 2014 of £1.31m (2013 £0.50m). This could be an interesting day here... As Always... DYOR! GLA:)
Results...
Going well... Thanks. Been busy and really had not had the time to properly swing trade etc... Hmmm.... Have you bigitup lately??? We were suppose to go out for a few pints when I was in Thailand this past winter!
Been very busy m8...you...?
It's been awhile... How it going my friend?
Your getting faster m8...
:)
Moving upward quickly this morning on only a few trades! Great Rns... Very few shares on offer along with a tiny market cap! GLA!
14 May 2014 SAFELAND PLC ("Safeland" or the "Company") Update Following the recent admission to AIM of Safestay plc which was effective on 2 May 2014, Safeland provides the following update for shareholders. Further to the Company's previous announcements regarding the planning application for the development of housing on the Chandos Tennis Club in Golders Green, Safeland announces that pursuant to the terms of a conditional sales contract with a prominent housebuilder to develop the site, it would be entitled to receive GBP13.2 million in staged payments over the next few years, which the Directors estimate to be approximately 3 years, plus potential additional overage revenues. The contract remains subject to full planning consent being obtained. At the date of this announcement, planning consent still has a number of outstanding conditions to be agreed. The planning application includes the relocation of the Chandos Tennis Club to an alternative facility on land currently owned by Safeland, which is included in the terms of the proposed sale. Further announcements regarding the proposed development will be made in due course. In addition, Safeland is pleased to announce that it has obtained a residential consent under permitted development rights in relation to part of a property in Wimbledon which was acquired by the Company in 2013. The intention is that the property will be converted into 31 residential units for onward sale. Larry Lipman, Managing Director of Safeland plc, commented: "We have had a very busy few months, which has seen us complete the successful demerger of Safestay and its admission to AIM, while progressing the planning applications of various properties, including the Chandos Tennis Club and Wimbledon. We remain active in the market seeking further opportunities where we can bring our skills to bear." Contacts: Larry Lipman Managing Director, Safeland
if you like discounts to nav, check out AIEA or SRC!
well found, shan..decent play on property..and in London to boot ...but tend to agree with Libero
But I don't think I trust this company. From having done a tiny bit of digging I found out the board paid themselves more than the revenue one year etc, and there's been too many instances I misappropriated funds etc to ignore.
WOW! net working capital per share of 65p+! and keeps going!
cheap with low shares and large no.of shares held by iis/directors out of 16.85m shares over 65%.