Member Info for 50glass

Depends on your time horizon. Within a few years the company will dominate the UK budget hotel market and have an appreciable growing share of the German market. With a sale and lease strategy, either undertaken voluntarily or via an acquistion, we could be looking at an sp of the order of £55.

Agree the results look good. Slightly concerned as to why long-term debt has increased, albeit modestly, for a company which is so cash rich. Hope the annual report, when published, provides clarification.

Another sparkling set of results, including the disclosure of numerous potential franchise deals.

Spot on. Warren Buffett: "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful."

“Fearful when others are greedy and greedy when others are fearful.” Warren Buffet.

Going to be a slow burn success. Plenty of firepower on the balance sheet to support a move towards 60p by late 2021. Expectation is that we will be an ‘infill’ acquisition, for a larger group, at some point. All-in-all the risks are to the upside.

Looks pretty positive.

There is useful information on the pension deficit and the payments towards it in the last Annual Report: https://www.mondigroup.com/media/10631/mondi_ir_2018_final.pdf
The deficit, given the size of MNDI, is pretty modest.

Excellent news. Expect the re-rating to commence.

More wins.

Last year the trading update was Monday 14th Jan, so I'm anticaping similar on either 13th or 20th Jan this year. As you say, one to hold.

Can't help but feel that sp is now looking toppy in the absence of any recent news. Much depends on next trading update.

Excellent! Should be a 10+% today.

The omens look good for this being the first of many.

Old Galliford = New Galliford, adjusted for the transactions with Bovis. The Old Galliford historic profit remains with New Galliford.

You receive about 0.5739521 Bovis shares for every one Galliford share you owned. So if you had 1,000 Galliford shares you now have 1,000 Galliford shares plus 5,739 Bovis shares. The Galliford share price adjusted down, hence the apparent large fall on Friday, to recognise the Bovis share issue. To add to the drama, Bovis has changed its name to Visty .

Key action on debt will be when the credit rating agencies move the retail bond out of their junk criteria.

As at half-year there was cash and cash equivalents of £18m on the balance sheet so the dividend, to me, looks safe.

Good news regarding Europe-based acquisition which offers increase in customer base, widens product lines, cross-sale opportunities and local foothold in EU.

Continues to deliver. Well impressed.