Member Info for Discodave4561

Director sells. DD

Why was revenue for H1 2015 FY (£13.6m) about 20% less than H2 2014 FY (£17.1m)?. Would only expect about 10% variation (based on 2013 H1 & H2 which were pre Madrox). To achieve brokers revenue forecasts for this FY (£30.8m) they will need H2 Rev to be about 25% more than H1. The earn out of £3.4m to be paid next year is on a par with their forecast profit before tax...........property sale on the cards?. Thanks DD

Josh, There is a trading update this Thurs - moving on the back of other house builders positive updates this week (TW etc). Long may it continue!!. DD

Me neither. A more non inflationary eps is about 3p, about 40% less than 2014. So, ignoring the alleged contribution to growth that ECRL may or may not bring that's an eps of say 2p for 2016 (back of fag packet calcs). Not too far off WH Ireland forecast. Anywhere between 20p and 30p could be reasonable (call it 25p lol). GL DD

Many thanks. Are you in here? DD

Hello Jollyspeculator, What's your thoughts - Development costs £977k in the cash flow statement - inflating profits, had this been in the p&l profit before tax would only have been similar to last year. Tax only 9% but 27% last year. Implies some more tax credits or manipulating (legally) the true profit. WH Ireland forecast eps 1.7p, say PE 10, TP 17p, Net tangible asset value 15p, NAV 31p. My main issue at the moment are how realistic are the BOD. IMV they are full of hype and lack transparency :- "Against this very difficult backdrop, Getech has performed well in the last financial year. The Company has doubled its profits and increased revenue by 32%. Under the challenging circumstances affecting the sector, these are extremely strong figures and stand out relative to the rest of the sector.".....blah blah blah then the truth - a substantial profit warning. There are some positives I think!. DD

URI Q3 forecasts based on sales per share growth is in the top ten winners of the S&P500 Industrials and Materials sector, according to the following: hTTp://www.marketwatch.com/story/10-winners-10-losers-in-the-long-suffering-industrial-and-materials-sectors-2015-10-07?page=2 So may not be that bad, will know tomorrow evening. DD

Good post Josh. Notice that the Deutsche target on this site is 352 which clearly is not correct, do you know what it was?

Vulcan, Yep: The Board is pleased to propose a final dividend of 4.25 pence per share, which if approved at the Annual General Meeting to be held on Thursday 29 October 2015 will be paid on Thursday 5 November 2015 to those shareholders on the register at the close of business on Friday 9 October 2015. The shares will become ex-dividend on Thursday 8 October 2015. DD

Thanks, sorry it didn't work out...........not likely to get to break even myself, but may as well just hang on as not much left of initial investment (not too big, but still not nice - lessons learnt and all that). Good luck. DD

Hi Libero, Agree with your thoughts. CSS acquisition will increase pre tax profit by about 50%, think eps will be more like 16p, have a target on a PE. of 15 of about 240p. Just do not think it will ever achieve "fair" value.........based on the fact it's always been (or has for a few years now) perceived as undervalued and a re-rating will eventually come, but will it?. DD

AA Thought you had sold up here a while back? DD

Good to hear from you, hope all is well. Know what you mean about posting the reasons for selling, but to be honest it's your business and nobody elses. Was tempted to sell up my PMR shares yesterday, but held on. Despite the recent acquisition, it's undervalued, started to pay a divi again, etc. etc, it's just done nothing in ten months. IMV brokers are just not a market favourite, like car dealers. Will see what the half year results look like, they will need to be really good to get this moving, and will then take a view as to whether to hold or not. Good luck. DD

Hi Libero, Hope all is well. No harm with selling up at a healthy profit, that's what it's all about. Still holding with no intention of selling up,ms till has a long way to go IMV. Are you in DTG?, thinking of selling up PMR and sticking in there, or ADT. GL DD

Thanks for your regular postings, do read them, as I guess many others do to. Thanks. DD

Overreaction to URI's overreaction!. A FTSE100 company with forward PE of 12, peg of 0.6, last three years average eps growth circa 50%.......taking market share from URI and the construction recovery waiting to happen in the U.S.......sound good to me!. DD

....and then there's platinum to recover & process instead, which would take over from gold in more ways than one. Must say your not very Jolly on here, guess your not invested?.......cheer up or change your handle please lol. GL DD

Hi Libero, hope all is well. Year end eps should be about 18p, PE15 gives 270p. I believe Simon Thompson in Feb 15 IC suggested a special divi of 10p-15p may not be out of order given their levels of cash. Bought these 10 months ago at the same time I bought some PMR, let's just say PMR has not moved much (+5%) compared to here (+34%), aaah well can't win them all I suppose. GL DD

Buster, Think they have reduced their holding by c 300k shares - now slightly below 29%. GL DD

Courtier Can you post where you have that info from please. From last interims RNS, total rent roll up was up 5.1% from Oct to Jan (not to date as you state). Also, prelims are 3rd June as per RNS 27th April. Thanks DD