Member Info for ecovest

Market slightly overreacted imo. Not too bad - revenues more or less static. Profits down - but not massively - largely due to to sluggish EU and UK. As these economies recover, this should pick up. Digital and emerging markets growth figures were good - this is encouraging. In addition, the Chinese investment here - by the biggest Chinese PR and coms company - will reduce debt and should aid growth in SE Asia. It's seeing how that story pans out which makes this a recovery play worth sticking with. Interested in what others think.

Well it finished blue - just - which has to be a good sign!

Got to be a good buy at this price. All broker targets are above it - some well above (especially Deutsche whose views have been uncannily right in the shares I've followed over the past 6 months or so). And yield is good, debt well down due to business refocusing. What's not to like? Takeover possibilities are just icing on an already good looking cake.

Will retrace have stopped at around 850 level? Starting to look like a good re-entry point.

Ah ok I see now. Anyway, my take on this is that it rose nicely post float and then some profit takers decided to sell leading to a general downward spiral for a bit. Now those have gone, the dip has given an opportunity for others to buy in and up we go and likely to carry on rising until first ex div. So in a way Alfie may not be wrong - sell now and it's selling low; buy later and s/p may well be higher. This may drop on the next QE tapering announcement though - so that would be the time to get back in if you miss this recent dip (which in your case you have if you've sold!).

Two decent sized buys among many on the 31st - one tiny sell today and s/p down!

Well it did move up a bit today! I think it will be slow and steady.

You what? How does that follow my post?!

Two buy ratings today (one of them new - Seymour Pierce - with a 128 s/p target) - and hey presto, s/p rises (not that much but a good start!).

Oh and meant to add, recent Director buy also a good sign imo.

Interim results looked fine to me - basically sets out again their new strategy (to target multi-channel retailing). That strategy is why I have bought in. Good dividend, poor cover at the moment (though they have had poor cover for a while and it doesn't seem to have stopped them paying out) - cover should, as they claim, begin to improve with a focus of selling low yielding assets (including ones that have seen significant capital gains) to put the money into higher yielding ones.

Sept is first ex div if I recall?

Yes also in here. Hopefully s/p will rise a bit too as well as divs.

Can it break through 140 in the coming days? Likely to be next real resistance point.

Not quite sure why this went down today - sell on news maybe after a decent rise. RNS had no surprises - UK market still sagging, but good growth elsewhere (including US and France). Woodford holds this stock and happy to agree with him on this one. The value is in the foreign growth prospects, not the UK.

Couldn't agree more - I bought on the basis of it coming out well on my 'magic formula' slide rule recently - admittedly while on the late 300s still, but still good value at this price. Very few growth companies at this sort of p/e or earnings yield level. And some dividend too (though it would be nice to see that increased a bit, unless of course they can put the money to better use through eg acquisitions in order to grow).

Thanks - hopefully we have both timed it well. I was encouraged here by the large investment by the Singapore sovereign wealth fund - they're a canny lot and happy to follow their money. And yes, director buy also nice to see.

Decent enough set of results - revenues up 4% and on track at the upper end of market expectations for the full year.. Market perhaps expecting a bit more? US and Indian fruit shoot roll out still to show through over the next year or so, so hopefully decent growth to come in the near future.

Just usual yacht buying money being freed up or something else?

Placing price is well above current level with Fidelity who are no fly-by-night operator. Bayer crop science also a huge name - nothing to worry about here IMO. S/p will come back up soon enough - probably some PIs panic selling to capture profits already made (fair enough, but I think real upside is yet to come).