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Watcha MO. Would bet Iffy Squiffy has not made a single positive remark today........don�t know why people even bother with someone that wants this to fail and fold, just saying. DD
I take it from the tone of some posters that our resident deramper Iffy Squiffy is still posting up moans and knocking the rise today....how much more proof to people want that this guy is just a sad loser who bears a grudge due to selling up at a loss or is now shorting this. Best advice is to filter, don�t forget he was posting this was going to go bankrupt!. All I can say is, nice to see it close above 30.....still some way to go but it will get there IMO. DD
Lodger Squif is not a holder, hasn�t been for some time now IMO.......he is a deramper pure and simple. Posting up this is going to go bankrupt would not be the norm for a holder, this would not compute with the human psyche, no matter how disillusioned or how much you were drowning whilst you may consider this as a possibility you sure as hell would not post up such a thing.......unless you want to deramp at no direct expense to yourself, so he is a deramper or is now short, either way he is a low life and a very sad individual. REPORT AWAY IFFY SQUIFFY DD
Hello White, Apologies, I did post a reply to you yesterday but unfortunately some low life troll reported it and it got removed. The sp here does seem to be manipulated and being held below 30, which if you have faith, and I do, is an opportunity to top up, which I see that�s exactly what you have been doing. Value will come to the fore at some point, just a case now of waiting IMO. DD
Chilting Agreed, can�t be far off now. IMO it was always going to be aligned with the bid dats room, so March / April must be sign off and this goes sone way to confirm this. DD
From steelwatch on ADVFN Extract: Meanwhile, FPSO Kraken will undergo some final stage gas system commissioning before commissioning the 72-hour final acceptance testing. "The planned maintenance shutdown of Kraken field in 3Q18, as guided by EnQuest is not expected to affect the FPSO’s BBC, as BAB will continue to be paid." Read more at https://www.thestar.com.my/business/business-news/2018/04/04/bumi-armada-fpso-acceeptance-to-drive-share-price/#flvRowDq3DMKl4Iz.99 DD
GSA Capital increased 28th March by 0.01% to 0.5%. So guess they stayed under the shorttracker threshold of 0.5%. DD
Apart from the mention of fx headwinds cannot see anything to justify the drop, but then again this is AHT which always behaves oddly!. Do think as you dubious, that the news about Suzanne Wood is also contributing negatively.......plus a possible contrived drop before the yanks open and hopefully pile in (?), will see. DD
Tempted, but slightly concerned at the moment with increasing copper price and strengthening sterling both impacting their margins - take a look at LUCE which also has a facility in China. DD
Share dilution will be about 8%. Support the placing but a bit concerning that it was discounted and only 4.85m taken (so far). Was the 450 an average price (unlikely to be IMO) so possibly a single buyer....we will see. Suspect news on an acquistion soon!. Happy to keep holding. DD
davidpqz Would you mind expanding on your detailed analysis please. By �blue sky� do you mean that they are in the business of developing, or pursuing, something that will be of significant value to others?, or do you mean in the context of their value of goodwill on the balance sheet?. What do you mean by crap?. Thanks DD
Possibly the Daniell�s trimming their stake?, from the Jan 17 RNS: �The vendor is restricted from dealing in their entire holding including the New Ordinary Shares until around 13 January 2018 (being twelve months after the date the deferred consideration shares are issued for the year ended 31 August 2016).� DD
Hi MatthewC, Just looking at these so not holding yet but like the business model. Would normally agree about the valuation but if these grow at the forecast rates then an eps of 1.95p for 2019 (16 months to their FY end) puts this on a forward PE of only 19, but they appear to have improving margins and exceed forecasts so 2.5p eps (only quick calls) could be possible, that’s a very low rating of 15 for such growth, the PEG would be phenomenally low (below 0.1) and personally would completely ignore the PE rating given the exceptional earnings growth potential. This would be a punt for me if I dipped my toe but the potential is there and the current rating will be just a distant memory.........that actually reflected diddly squat, go for PEG. Will keep watching and waiting for a bit of a dip (no offence holders). Good luck DD
Hi Matt Was very tempted to buy back in today, think it’s the usual over reaction but given the uncertainty I will put it back on my watch list. Good luck DD Ps Still regret selling too early!
My only concern is that the last buyback they stated “up to £200m in 2016/17” (they only bought c £48m), this time it’s “at least £500m.....”. My guess is though that it will be just £500m which spread over 18 months is the equivalent of £333m pa, doesn’t sound as bad! (gulp). They will not get anywhere near a billion, that’s just PR IMO to keep the US investors/market happy. They would have to increase net debt to fund £1bn and no way is a buyback going to be funded by debt, that would be madness IMO, thus the billion is smoke and mirrors.......they only bought back 25% of the last buyback programme so even the £500m may not come to fruition, no doubt in time they will announce a significant acquisition and then “the previously announced buyback programme has now been reduced accordingly”. As for the director sells, well why not, how many on this board either put a short on or sold around results? (I did neither by the way except had a cheeky top up this morning). Also, think the three that sold tend to always sell on the same day (they did in June as well) so although timing not great for pi’s they do seem to try and manage a single hit to the sp. There was also a broker downgrade yesterday (Citi) from Buy to neutral which didn’t help. DD
Oops forgot the link! http://www.iii.co.uk/articles/468043/records-and-upgrades-follow-ashteads-results DD
Hi Matt, Excellent results........only down side is the buyback rather than increased / special dividend. Posted earlier that I thought year end 130p-140p but that was without a reduction in tax from c 34% to 23%, which, according to the following article will increase eps by 17%, so make that 152p to 164p, PE16 gives mid of say £25.......so spot on Matt! Watch the broker upgrades start coming through now........always behind the curve. Good luck all. DD ps The normal bit of selling but at least it stayed blue today.
Oops, missed the first line of the paragraph: The equipment rental company will report its half year results on Tuesday...... DD
Couldn’t resist a ramp! http://www.telegraph.co.uk/business/2017/12/09/ashtead-set-report-soaring-profits-hurricanes-boost-work/ Extract:- “Tuesday, with analysts expecting pre-tax profits to be around £509m, 19.5pc higher than at the same point last year. Consensus estimates for revenues suggest they will be 27.8pc up on the same six month period in 2016, at almost £1.85 billion.” As suspected, an “exceed” market expectations looks to be on the cards.........hope so anyway!. DD
Hi Matt, also confused by the drop! Last years variable remuneration for the year was �24m so assuming �12m for this years H1 (this may be big unknown I suppose but got nothing but last year to go on), then reduced operating costs excluding variable remuneration would equate to (138m H1 last year minus 12m x 0.07) which is nearly �9m. Net trading revenue increased 9% so an increase of (244.9m x 0.09) which is �22m, so profit before tax should have gone up by �31m, an increase of 29%......must be missing something obvious!!! DD