Member Info for chrisc32

http://uk.reuters.com/article/2012/03/08/uk-morrisons-idUKBRE8270DE20120308

at present. I'm wondering if buying interest might appear as results draw nearer. Looking at previous years, it looks like there should be a notification of results RNS prior to the actual results.

Does anybody happen to know when in April we're due results? Infinite ... one of the positives about STY now is that the board seem to be communicative regarding framework deals, so we could see more news of this ilk between now and results. I'd written off seeing any kind of update pre-results, since which time we've had two positive RNS announcements.

I noticed this one yesterday. It's a news link on the STY homepage. http://www.stylesandwood.co.uk/Revision Looks like a dedicated landing page for a campaign targeting the education sector.

http://www.hvnplus.co.uk/news/keepmoat-among-shropshire-council-150m-solar-winners/8627106.article

I've noticed your posts there over the years. Posted there for you - just the bits relevant to STY. It's free and easy to sign up if you want to read the whole article including the speedy hire bits.

I post over there as Justin proft (a typo - lol). I'll see if I can copy and paste it. All the charts look good. Just posted some up on advfn showing EMAs, and the SP now at a crucial resistance point. Draw a line across peaks for the last couple of years and you'll see what I mean. I've a feeling we may break it tomorrow.

Riddler - there are plenty more snippets of positivity in those interim results, such as: "There are encouraging indicators within the business for an improvement in the second half of the year. " "Tax losses generated in the first half of the year are expected to be recovered as the Group returns to profitability in the second half of the year. " Office & Banking: "The outlook for the second half of the year continues to look positive for this sector. We have a strong unexecuted secured order book for the second half which is currently running more than 20% ahead of last year." Also note that the IMS in November shows 2012 order book up over 12% on the prior year (rather than the 10% it was in September) - all this before the new framework agreement with Shropshire CC comes into play in H2 2012.

STY is a "get rich slow" type of share. Well, that's my intention here anyway. Not gonna double in a day for example, unless it were to get bought out, but as an investment with long term growth prospects I can find no better. Not without risks of course, but what share is?

I added first thing on the back of the Manchester Evening news article. Have got quite a holding here now - just need to apply patience and see how the STY story unfolds over the coming months

... today. Perhaps the potential scale of yesterday's news starting to be recognised?

The maths regarding the recent framework estimates in the MEN article as £150m over 2 )possibly 4 years) to 3 ontractors, one of which is STY all sets the market ca compared to the market cap of £8m into sharp relief. # This is a new sector for STY and has great potential for further such contracts with other councils. The chart looks an absolute treat - Golden cross coming. Results looming - forecast to beat last year in term of profit before tax by 3x In January, the company confirmed to me that RNSing framework agreements with revenue implications is policy - nice to see this in practice now.

... perhaps because the value is not certain at the moment. It is described as "estimated". To me, it's huge news, so long as the assumptions we're drawing from the article are correct. i.e £150m estimates is split between just the 3 contractors.

http://www.fool.co.uk/news/investing/2012/02/28/two-potential-multibaggers.aspx Courtesy of Tratante over on advfn.

http://menmedia.co.uk/manchestereveningnews/news/business/deals/s/1486646_styles--wood-group-wins-shropshire-cc-solar-panels-deal

I really like the fact that we're getting RNSs on framework agreements now. And results not far off. I see the momentum in the rise carrying through to April's figures.

... see my one gripe with STY has been addressed by the board. Some communication on frameworks these last couple of weeks is very refreshing to see. WELL DONE STY! Environmental credentials are an important part of the mix here IMO

It's all about the margins and cost control here really. Gross margins improved to (I think 7.9%). If STY can up this to 10% then we're looking at an extra £2m per year based on £100m revenue. It will be a combination of:- *Gross project margin improvement *Containing/reducing central and admin costs *Revenue growth The key thing that I like about the new CEO is that he has clearly identified that low margin work just isn't worth it. STY have a clear mantra now "not to buy revenue" and to deliver "profitable, sustainable growth". They have rightly focused on high-end retail, retail banking and office/commercial, and are diversifying into the public sector and education etc. Very good strategic move IMO. When the margins return in the retail sector, STY is placed to benefit through its existing relationships. Saying all that, take a look at the profit level achieved in 2007 for example. Very different times, but gives you an idea of what STY have done in the past - i.e. annual profit before tax in excess of today's market cap (£8m): (from FY 2007 results, Feb 2008) * Revenue up 17% to �315.5m (2006: �268.6m) * Operating profit up 24% to �13.5m (2006: �10.9m) * Profit before tax up 58% to �11.8m (2006: �7.5m) * Earnings per share up 56% to 12.6p (2006: 8.1p) * 14th year of revenue and profit growth * Cash conversion ratio of 106% (2006: 82%) * 30% operating profit contribution from Support Service Divisions * Record Opening Order Book of �137m * Projected Order Book from client frameworks of �841m * Maiden full year dividend of 3.75p proposed I understand that supply chain margin pressure has made this a different industry since the Credit Crisis etc, so £3m profit before tax on £100m+ turnover would be a great place to get to in the first instance. These next results are forecast to show about £1.6m profit before tax and revenues up £5m to about £104m. Good buy and hold at these levels though IMO

What would we need to see to get to an SP of £1? It's a market cap of £61.8m, so ... Earnings of at £6m per annum Reinstatement of a decent dividend Repayment of the pref shares over the coming years from cash generation Year on year growth in revenue and profits. Not our of the question medium to longer term for a company now growing, improving margins and turning over more than £100m (forecast 2011). But 25p (about £15m market cap) and the price at which restructuring took place a couple of years back is a better short term target IMO. Still would be nearly a doubler from here. DYOR etc

When I first read it, I thought we'd see a 100 percent plus day back to the high teens. This was prevented by UBS's overhang, now obviously cleared. The rerating we're beginning to see is long overdue IMO. First target for me, 20p plus. But keeping my ISA holding long term. Could see some very nice dividends in years to come.