Epwin Grp Share Price (EPWN)

Wow, 10% up since I posted 3 days ago & still three & a half weeks to the ex-divi. Exceeded my expectations. There'll be some profit-taking over the next 3 weeks but another 10% might be on the cards. Then we can settle down with a nice sustainable 5% annual dividend & 5% annual SP rise will do me for long term in the SIPP. Anything over & above will be a bonus.

Starts here. Impressive results after a while in the doldrums but the dividend made it worth holding. 6.5% yield at today's price with 4% of it paid in June with ex-divi date in 4 weeks time and a progressive dividend policy. Plenty of room for SP growth as well from here, time to add.

How do you get 'sales reps on an jolly' etc. from these results? Do you work with then in the business because there's nothing (printed) in these interim results to suggest that, not that I can see anyway.

I accept the results don't make for a pretty read but they were never going to. Given the loss of their largest customer (SIG plastics) and the adjustments they made (very quickly), the numbers were always going to take a hit. Personally I'm quite pleased they have held up as well as they have.

The substantial rise in the price of oil was bound to hit raw material prices and it isn't always possible to pass on those cost increases as price increases to customers immediately. Personally, not being in the business, I have no idea whether there is excess supply in the business at this level; if there is it is a serious problem because you almost have to wait for you competitors to go to the wall before you can force through the price increases (or take a hit on turnover)

Me, I was expecting worse numbers. Given what's happened in the last 12 months these aren't as bad as they could have been. Looks like the market agrees with me. I never like a dividend cut (who does?) but can live with 25% drop as long as it's forward progress from here.

I'm going to sit tight. A little to risky for me to buy more here even though the numbers suggest they'll cope with the change of circumstance but I'm not a seller either...... not yet anyway. Assuming there's nothing catastrophic in the meantime, I'll wait until the finals next year and reassess then as long as it doesn't drop through me stop.

Regards

A long wait for this Company to turn round. Same old ‘Fluff’. Sales rep’s ‘on a jolly’ - either don’t bother to call on clients at all, or turn up on the doorstep unannounced, planned around a night out. If I were Management I would certainly make it my business to know what was going on but they are obviously out of touch and I would doubt that this share price will do better than just bumble along over next few years unless someone gets a grip of what’s happening ‘out in the field’.

This has been looking stronger of late - could see a rise continuing up and beyond ex divi date later this month - been undervalued for some time now.