Member Info for Hardboy

Monty:

The directors have a sense of humour - several years ago at an AGM, aware of the accusation of Jam tomorrow they gave all attenders a pot of jam. (And it was very tasty.)

As for your projection of it being range bound between 52 & 58p for a year or more. I would say you're in cloud cuckoo land - even if the next year's share price average as somewhere between those 2 prices - it does not need a lot of research - just look at the graph - it is a volatile share and can do that range in a week. Also this is driven by news - with a £1.4b pipeline, there is a lot of scope for very significant news to come in the next year. And that news will take the sp outside your range.

"What more could you want" - A buoyant share price

I agree with everything said. I know the results were largely known in advance, but what does a company have to do to get a positive market reaction? A forward PE of around 12, a yield of around 4.5, a price to book of around 1.08. Companies growing profits at over 30% should not be that cheap! Not so long ago the price was over £5 and the outlook is better now than it was then.

Yes short term things are tight, but they are confident in the long term with a nice hike in the dividend; and the share price is quite a bit below book value (which for a profitable company should be rare.)

Increasing the average selling price by 6.7% is pretty impressive given what is publicised in the media about house prices.

Happy to hold and may add if the sp falls further.

Disappointed by profit. Without the tax rebate it would have been a loss. I tend to think once their sales are over £12m they should be making money, so would have hoped for better profit figures. I suppose the trouble is when projects are such a significant part of the business timing of income and expenditure can make such a big difference to year end results.

"The Swings on Ceres make no Sense"

"Markets can stay irrational longer than you can stay solvent."

Andy, I sympathise - that is one of the big down sides of Primary Bid; but offers like this where brokers are involved are usually OK. I use II & they were offering the PB offer via their accounts, so you could use ISA & SIPP.

Still not heard from them.

Presumably you folk who already know how many shares you got in the retail offer applied & have heard directly from Primary Bid. I applied via my broker and still have not had the details.

Hi Sid - DYOR - just read their trading updates or view a pod cast. It's easy -

traditionally struggle to turn over £10m p.a., Realistic pipeline of over £1b.

The catalysts will be winning contracts.

Their RNS this evening says the retail offer closes on 26th, so you should be OK. I'm also with ii & had no problem. Presumably if they are oversubscribed they'll pro rata the shares accordingly (though it would be nice if they gave existing shareholders better treatment than any new ones)

"markets can stay irrational longer than you can stay solvent."

According to the Mail yesterday's drop was because Fed Ex's results were poor. Presumably the logic goes - delivery companies are struggling therefore companies who make box for delivery must be struggling too.

Forgot to ad - that at these prices the company is also valued at less than that of its assets, which is crazy for a profitable business.

Agree - this is a successful business still growing sales & profits, with (at current prices) a yield (which is more that covered twice by profits) over 6% & a pe of under 7. Ridiculously cheap.

Just done a very quick calculation and their projected profits equates to an EPS of around 39p. So an SP of 290 would mean a forward PE of 7.5. I agree that's cheap!

As we move to a world where more and more investors (institutional & private) use technical aids to trigger trades rather than using their brain, we see share prices moves being way overdone; and opportunities for the rest of us.

Always disappointing to hear of forecasts being revised downward, and no doubt the share price will suffer today. But they say it is not due to loss of business, so much as delays in business outside their control. So it is not too bad. Also it is good to hear Europe & Australia progressing well. This is a business which should prosper any where i the world, so reducing the dependence on the US market is a good thing. Looking back at FY figures what they are projecting for this year, may be disappointing compared with the last 2 years, but prior to that they are good.

If anyone wants to go to the AGM & stay overnight before hand - I have a room you can have, I got so excited about the AGM, tour and meet the directors that I wrote to ask if I could attend then found a hotel for the previous night (Best Western next to an M1 Junction) and booked it and paid for it with reduction for no cancellation, then I realised I had tickets for the Ashes Test at Lords the same day! So I won't be going to the AGM and there is a paid for hotel room perfect for anyone wanting to attend.

If anyone is interested, reply on this discussion board & I'll give you my email address.

This sounds to me as if they are trying to get more shareholder friendly. If I can make it I'll be there.

Ever since I discovered these the share price has dropped, and the exchange rate has worked against us making it even worse. yet all the news from the company suggest thigs are going in the right direction. I'm confused