Member Info for Beza

...plus this price puts them on a market cap of about £6M on sales of £55M... The question is do we jump in or wait for the results to be sure that there are no skeletons in the closet! Speaking of which do you happen to know a date for the results?

My sentiment is the same in that this is dirt cheap. I think Stockopedia (but this can be incorrect) is forecasting flat profits of £5.97M which puts this on a p/e of 1.71. The dividend appears to be very well covered too. Also, does it appear that Cavendish Asset management have taken a stake in the last 18 months? I believe some of the Cavendish funds are run by Paul Mumford who has done some some great stock picking in recent years...

I believe there is a short on this share too. I am a holder of this stock so I’m watching with interest.

I’ll start looking at that. Thank you

Morning EmmJane, where do look to see FTSE future prices please? Regards

I presume that the slide in the share price on Friday was a result of HUR announcing problems with one of their wells?

Cheers Sudnal. Well, I for one have got my timing in to this share totally wrong. I waited until the results before re purchasing, thinking that was the share price low but maybe not!

Afternoon Sudnal, ‘a sell order filling’... I’m still learning, what do you mean by this please?

Monday Broker tips - Berenberg reiterate buy for BT target £1.30.

Today’s ‘The Sunday Times’ is reporting an unexpected divi cut at Burberry.

Well with the debts that some companies will have by the end of the year, Imperials debt, dividend cover etc, actually seem quite good! Fingers crossed for some decent results and some reassuring words from the board. Good luck everyone

Well I’ve taken a few shares this week. This seems like a quiet board but who knows, if the shares begin to motor it might generate interest

Excellent find Sudnal, I didn’t pick up on that. Well I’m holding here as I think they look very cheap and things are returning to normal on the continent. Although many shares do at the moment!

Yes Sudnal, their was announcement last August/ September concerning the Polish case. It was a catalyst for the shares to move from about £1.10 to £1.80 in about 10 weeks. The stock remained at this price until cv19. I sold out last September and bought back this month. Good luck here

...well I think that the results were released on the 30th April. So it sounds as though they began shorting the stock up until the day before the company released their rns to the market...

Well I also think they look cheap but this week, on zero news, they’ve dropped every day! But like you say the results were pretty good, current climate considered and there has been a director buy since too. I’m hoping to see a recovery here. Good luck everyone

Another sizeable buy from Serge. I wonder what he knows that we don’t..!

AA
On the most recent occasions that Tempus has looked at the AA — in December 2018 and November 2019 — it has recommended buying the shares.

Despite strong evidence that a turnaround at the roadside recovery group and insurer has been bearing fruit, the stock has continued to drop. It has fallen even further as the onset of coronavirus reduced both the number of drivers on the roads and emergency callouts.

An AA road service scout finds time to give some first aid in 1949
An AA road service scout finds time to give some first aid in 1949
PA
The shares, down 1¾p or 6.5 per cent at 26p, have lost just under 90 per cent since being listed for 250p in 2014. Yet while Covid-19 might complicate life for the AA, it doesn’t alter the investment proposition. The simple truth may be that for many investors the company’s debt burden of £2.6 billion is just too high.

The AA was founded in 1905 to serve motorists. It has just over 3.2 million individual members who pay by subscription and a further nine million business customers.

Despite the crisis, the group has experienced some benefits. It replaced 27,000 flat or burnt-out batteries last month, way above its average run rate of 17,000, boosting its sale of parts. Having to tow away and store fewer vehicles has also reduced the AA’s garage bill.

Having managed to increase its membership last year, albeit by a meagre 0.2 per cent, the company reckons that the number will fall over the six months to the end of July before recovering. Assuming a staged return to normality, performance this year will be only slightly down on last.

Simon Breakwell, 54, chief executive, has delivered on all of his promises, increasing membership, raising profit and improving cashflow and insurance sales. The £2.6 billion debt burden, at just under nine times trading profits, is way too high, but the AA is slowly bringing it down and refinancing tranches. Thankfully it has no capital to repay until 2022. It states that it is in no danger of breaching its debt covenants and has just over £220 million in available credit facilities.

With the dividend suspended the shares have no yield, but they trade at a rock bottom valuation of 2.4 times Citigroup’s forecast earnings. The case stands.

Advice Buy
Why It should trade through this and bring debts down

I bought too Banker, after the results last week. They’re not without their problems (like a lot at the moment!) but I think that they look cheap. I must admit I’ve been disappointed with the share price movements since the announcement of the director buy.

Rylidan, what do you believe the NAV for BT now? Cheers