I think you also miss the point of why the sp is actually dropping. The market hates it when companies miss their targets. Why invest in a company that has missed its target and is now having to spend capital on investment. You now have to ask the question of did BRSN buy Sunlight at too high a price considering the company is now saying it was under invested? Oh yes there is a nice big Dividend soon. But did you know the day after the ex divi day the sp drops by the same amount of points? So you will get your dividend but you will lose the same amount of the value of your stock. Really, you insult me but you are actually pretty clueless yourself. I am certainly not slating this company. I am giving an educated view on the company. It's not my fault you can not accept any comments not to your liking. Sorry, but tough luck. Filter me if you can not accept an unbiased view.
Stop mincing words. If you could actually understand what I said you would note I said it was irrelevant that the share price has not been as low as 660 for a long time. Of course it is relevant where the sp HAS been. That is how I and also the broker RBC Capital have come up with that figure. Do you really believe I and a broker pulled that figure out of thin air? Do you think it's a coincidence that we both state the same figure?
It is irrelevant whether the sp has been at these prices or not for years. 660 is a support level and the next support after it broke through the last support. No the investment would not render it irrelevant. It is just an indicator and it is certainly not guaranteed. I will look over the chart later when I get home but do you think its a coincidence that I listed that as next support then some days later a broker uses the same figure?
Lol those replies made me chuckle. Unless you need to sell, all you need do is hang tight, receive your Di i and if you have spare funds take this opportunity to buy more at a low price. Simple really. As for 660, we'll I did mention that figure before the broker, so either the broker is reading the boards and copied that figure or it is an actual support level figure. It is frustrating to see a sp drop but as long as your confident of the company it will rise again. Don't take my comments as knocking this share. On the contrary I'm saying it's a bargain share to buy into and quite possible people may be able to buy in lower. The markets work in logical ways as long as you understand the logic. But let's face it most don't and even big fund companies work off small percentages. Atb
Totally agree nastid. Too many people here think the CC's are all about the cash reward from them when in fact the cash reward is not that big, but if you are competing with another company for selling Transformer Oil, at the same price, which do you buy? The oil which is Carbon friendly and awarded, or the oil that is not?
Agree, the RSI is oversold. But if you look at many charts you will realise that charts can remain over bought or sold for a very long time. I use RSI myself, but it is just one indicator I use on charting, and charting is just one indicator I use when looking at investing in a company. I would certainly not use just one charting indicator. IMO, this is likely to go to 660 as that's the next step down and the share price is in a descending line and unfortunately it is like dominoes falling. You need to realise too, that the indices are high, both ftse100 and ftse250 are hitting top of trend lines, overbought and are likely to drop at some time to at least the 50ema. All the other indices are also very high. http://www.chartupload.com/viewer.php?file=31467784030449607590.png This does not mean the company is a bad investment though. But it is typical of a share that has failed to hit expectations, then having to invest £200m to get back on track. What the market would like to see is continual growth and the market will see this as needing 1-2 years for the investment to be put in place before it gets back to where it was. I'm sure the company will pull back up and hit record levels again, but I don't see it before the investment is spent to improve the company and I do expect a correction first on the Indices. You have 2 choices imo: 1. Sell and hope it drops lower to buy back in later. 2. Hold and wait for the turn around and add to your holdings when and if you see silly prices. Personally, I would hold and wait as the company is still good and no one really knows what price it will turn around at. I would also look at adding at 660 if you have the funds, but if there has been no market correction before that, then hold some cash back for future purchases. Also, worth noting, I saw an article the other day about FTSE paying out more in dividends this year than they are earning. https://www.ftadviser.com/investments/2016/12/15/ftse-100-dividend-cover-looks-thin-for-2017/ Sorry to be a bit negative here. I do think it is a good company, but like I said, I think it has more downside first. atb
Yep, Trump certainly wants to do the opposite of Obama. https://amp.cnn.com/cnn/2017/03/27/politics/trump-climate-change-executive-order/index.html
Nicely explained nastid. Just need a report stating ok for cash. Pick up a few more contracts. Ramp up production and ensure there is a constant supply of feedstock available.
No don't have any links. Just memory. Yes it should be making profit now and progress from here. Sleeping giant? No not yet. Don't forget when the last figures were out giving positive EDBITA, this does not include amortization. In particular interest on loans which I think was 6% without looking up. So it's a close thing but I do believe profit now should be more than overall expenses. The cash flow was low and it would of dropped since but how much is the question? Is there enough in the tank to get by from here on? Hopefully.
It used to be in region of 30-35p a few years ago. It has come down but no one outside of HYR really knows now. I would guess between 25-30p. The price will obviously fluctuate.
Yes the company has improved and is back on track, albeit, a smaller company now but more stream lined. The sales have doubled compared to last year when production was at a halt for part of the year. The sales have improved but certainly not doubled from pre Canton fire. I also think the profit per litre is likely to be 5-10p less than a few years ago with the price of feedstock going up/oil price coming down. These figures though, the company do not want to release. Overall, a company that has made leaps and bounds in a difficult market but is on a knife edge financially. Hence head office staff halfed to a bare minimum and Chris Ellis the only Director not a non executive. Interesting times ahead and I hope this company succeeds with its environmentally products. Atb
Yeah I agree with you on fact that no one really knows if Aviva are selling still or not. Obviously from the last TR1 rns it shows you can not rely on an AIM company to promptly keep you up to date. As for people saying this will go to 6-7p by year end minimum, that is complete guessing. You have no idea what the share price will be come the year end. What if the results are expected and are good, but the company tell us the cash burn is still greater than the revenues? What if there is a feed stock issue? People need to get realist here. This is still a big gamble share to be in.
Sorry to disappoint, but I have no short or any position. I am just watching, and if I see a silly price in the future I will be buying in. It may drop or it may not. No one really knows, but if the FTSE was to see a correction I'd bet BRSN could be bought cheaper. If I didn't think this company was a good buy I wouldn't be posting here. Doesn't mean though I don't want to pick some up at a bargain price. atb
They have obviously got their target of 660p from charts as that would be the next real line of support. Anyone looking to top up, i'd advice not doing until it reaches 660p or lower. Just remember, though there is a good dividend here, wthe day after the ex-divi day, the share price drops by the equivalent amount.
Don't shoot the messenger please. Berendsen hit by RBC Capital downgrade Mon, 27th Mar 2017 09:51 (ShareCast News) - Commercial laundry group Berendsen was under the cosh as RBC Capital Markets cut the stock to 'underperform' versus 'outperform' and slashed the price target to 660p from 950p saying the risk profile has significantly increased. The bank said weak current trading and the scale of the incremental capex investment and people change make it far more cautious. RBC pointed out that when it turned positive on the stock two months ago, it thought forecasts were largely underpinned and that the UK business was in the price for nothing, assuming an extra £50m capex was required to fix the underinvestment issues. However, since then its earnings per share estimates have come down a further 17% for 2018E, while plant capex will be around £300m more than it had expected over the next three years. "The scale of this investment, and the scale of people change within a business, where local relationships are key, means we now believe the risk profile is significantly increased, whilst the company will be cash flow negative for the next three years." RBC said it is now 4% below the company's £150m profit guidance for 2017, as it reckons the second half will be a stretch after what will be a very weak first half. At 1045 BST, the shares were down 3% to 770.64p.
In a perfect world you would expect it but as I said it is computerised and all the computer program has to go off is the price. Ideally, each trade should be entered as a buy or a sell so there is no guessing involved or if they are not prepared to do that then only show size of the trade and not put it down as a sell or buy. If people take the theory that the markets are there for the people in the know to take money of those who don't, then everyone would invest a little better. Ignore news reports, ignore chat boards, be suspicious and do not invest in too few companies. Atb
Milder, you need to use the tools on this site as a guide only. The trades reported are all computerised and no trade is actually put down as a buy or sell. The computer "guesses" which it is. As an investor, all you need to notice is if the price goes up, then there was more mores that day and vice versa if the price goes down. Too many people try and read more into the trades and even if you have L2 there is not enough correct data for you to make a investment decision. Atb
Wouldn't risk short!
Yes, I trade the indices so I know what's going on. The drop in indices is nothing atm. What I would like to see is a correction (10%) at least. A crash would be nicer. Then I would be getting my Dyson out. BRSN's drop is more than market movement. It all started with lower than expected results while the market was going up. But it's a temporary thing. Loads a dosh being spent to get BRSN back on track and they will get back on track. It may go lower still, but it may not. No one really knows. All I know is if it does drop lower I will be getting a bargain. But if I miss out so be it. Can't be every where, I'm not Buffet. For sure though, I would risk shorting this. Gla
Looks good, but I wouldn't be surprised to see the drop continue. I will be buying in though if it does drop to around 660p as that will definitely be a bargain price.