Member Info for andsoforth

...due this Thursday. May be interestiing.

PER = 11
Yield aimed at 4%.
50% off ATH.
40% off float price.
Attempted PE buyout prior to float.
H2 revenues up 39%.
Corporate client count up 14%.
Considerable recent management buying (albeit in the 80s).
Should benefit from virus recovery and any market uncertainty.
Worth a go at these prices?

Questor has advised ditching RQIH from their AIM portfolio, after queries arose about the company's exemption from inheritance tax. No holding or opinion here.

Hi benniboy. As this looks better on paper, so the price should rise. I am a long term holder too, from before Killimepasa was bought in, so not much to sing about. Perhaps this can go back to paying that wee dividend off the back of the recovery operations. I see Martin Ooi is still holding his chunk, so I will do the same myself.

"...results ahead of original expectations due to acquisitions and improved trading." In truth a little underwhelming, but free cash flow remains strong. The acquisitions have bedded in nicely, giving us a greater range of abilities. Steady as she goes!

With the gold price stagnating, why should anyone want our mine? Yet another disappointment.

Final due this Tuesday, 20 July.

Yes, it would be truly disgusting if anyone used a bear in a pair of shorts for their own personal benefit. What has this country come to?? I blame Brexit/ the Tories/ Jeremy Corbyn/Jeremey Clarkson/Petula Clark/etc. etc. etc. ; )

Key fact here is "revenues for the year increasing 2.3% to £313.3m (2020: £306.3m), which is almost at pre-pandemic levels (FY19: £315.3m)". Given the continued collapse in food service this is an incredible performance. Debt is also down by more than a third.
Very well done to all involved.

"All three divisions posted good revenue increases..."

"Total Funds under Management and Administration ("FuMA") increased by 5.9% over the quarter to £27.1 billion (31 March 2021: £25.6 billion). This rise compares favourably to a 4.3% increase in the MSCI PIMFA Private Investor Balanced Index..."

Commission and interest income down, BUT fee income up. Decent wee business with no debt, on a PER of 12 and paying 3.2% dividend.

"Trading in the Period has been ahead of management expectations....The Group's cash performance has been robust with a net cash inflow of £61m. Net debt at the end of June 2021 is expected to be around £71m (excluding capitalised leases of £76m), with headroom on our committed borrowing facilities increasing by £58m since December 2020 to £215m...."

Civil aerospace will remain stodgy, but "Defence markets are anticipated to remain stable. Based on independent industry forecasts, heavy-duty truck and passenger vehicle markets are expected to continue to recover in 2021. In power & energy markets, recovery in the oil & gas sector is likely to be at the end of 2021/start of 2022."

MUCH BETTER THAN EXPECTED. WELL DONE ALL AT SNR!

"Performance for the year was ahead of Board expectations notwithstanding COVID-19, including strong momentum in H2 and into FY2022.
Revenue (excluding vehicle sales) increased 50.2% to £879.7m (2020: £585.6m), due to the inclusion of Redde for a full year and with the vehicle rental businesses performing better than expected."
Dividend raised 17%.
Resilient performance, and excellent contribution from Redde.

Schroder's put out a report suggesting fossil fuels will see a fifty year run-down period. Unfortunately they did not say when (or if) that has started! My guess would be 2040 before any real tailing off of oil use. Companies such as HTG have the opportunity to redirect heir skills and efforts by then.

Perhaps the most important phrase is "the commercial sector is continuing to recoup its earlier weakness". Commercial property use and values have plummeted. Seeing improvements here is key. Could also have repercussions for AIEA f anyone is interested.

"Group EBITDA in H1 2021 is likely to report a modest loss given the market conditions noted above and the additional production disruption in Texas in February 2021 due to the severe weather which occurred. The majority of this trading result was generated in quarter one, followed by a small positive result being recorded in Q2 2021 as trading conditions within the US onshore improved."

"Hunting retains a strong balance sheet with net assets of c.$950m and total cash and bank in excess of c.$100m."

Translates as "things are getting better, but not as fast as we had hoped." This is going to become an increasingly common cry. But we should see an increase in business in the medium term, and a rising share price to match.

Yes, but VERY slowly, and with enough time to transform itself.

Hi Jatw
Did you notice the 'unbundling' RNS after close of play today? We are to receive some Nedbank shares (possibly)! Any opinion on that? Seems an odd thing to do to me. It is a strange time to offload a banking asset.

JP Morgan upgrade from 'neutral' to 'overweight'. Price target remains 290.

Recovery is happening, but VERY slowly. There is continued uncertainty, especially around potential payouts in life assurance due to the pandemic. However management seem to be coming good on their promises to keep shareholders informed and to effectively mage capital. This is not one for widows and orphans, but in a couple of years this should come good.

Mail on Sunday says senior investment managers here to be sacked, and replaced by younger, cheaper, more dynamic staff. May be interesting!!