Member Info for Alfacomp

Which is why I just upped my holding by 50%. Pity I missed out on a chance of 151p - but is still 10% lower than the previous SP, which I count as a significant safety margin. Plus 6% divi in sept.

holding. Can't quite believe the kicking this is getting for announcing sales increase of only 3.3% ! - Yes they have had to do some one-off discounting on the Pi ahead of this weeks launch of Pi2 (already bought a Pi2 to run some more of my home TVs on xbmc !) and some restructuring - these costs are unlikely to reoccur and with element14 PFL has now built one of the greatest online content marketing platforms out there - this will lead to decades of recurrent customer spending.

Trade this morning at 127 which is the first above 125 in the last 6 months. Twice before the SP has found resistance at 125 but maybe it will breakout this time, as the point is coming soon at which significantly improved profit is likely to be recognised due to the significant weakening of GBP vs USD over the last 6 months.

Shutting down the US webstore - that's a brave decision that many would not have the nerve to do until too late. Given the strong performance in other areas it suggests that this is not a last ditch attempt to save a little cash, but rather quite a smart retrenchment following a period of rapid expansion. It makes sense to learn how to extract best value from the markets that you know before ploughing cash into ones you don't. The impatient will sell when they see the closing of some operations (what did they expect - ebay type revenues in a year ?) but the longer term investors will see that this is mature management and will outlast any temporary dip that occurs in the next few days.

Actually the drop is more that 10.5% from the level before the news evidently leaked yesterday afternoon - so IMHO this drop is unwarranted. The forward earnings visibility for farnell is very straightforward - no possibility of the horror accrual writedowns that are inevitably going to pop up in other areas in the next few months as the steam gets let out of the FTSE price. On this basis I have added 60% more shares.