Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Telecom Plus (LSE: TEP) fell 51% in the 12 months to 31 March, but it’s bouncing back a little and has regained 7.4% to 955p so far today. After the fall, shares in the multi-utility supplier are trading on a P/E of 14 based on expectations for the year ended March 2015, dropping to only around 10 on 2016 forecasts. With dividend yields potentially rising to 6.5% by then and forecasts suggesting attractive growth prospects, this is one that I do think is undervalued.
RNS Number : 8823F Carclo plc 25 February 2015 For immediate release 25 February 2015 Carclo plc ("Carclo" or the "Group") Result of General Meeting On 5 February 2015, the board of directors of the Company announced the Company's intention to seek shareholder approval to cancel the Company's share premium account and capital redemption reserve at the Company's General Meeting to be held on 25 February 2015 ("Cancellations"). A committee of the Company's board of directors was established by a board resolution passed on 29 January 2015 ("Committee"). Notice of the General Meeting together with copies of the circular and form of proxy were posted to the Company's shareholders on 9 February 2015. The Committee is pleased to announce that at the General Meeting, held today at 15:30pm, the Cancellations were formally approved by the Company's shareholders and the resolution to provide implementation of the Cancellations was duly passed.
I've been to his seminars and he's genuine. Works hard. Pleased to see him finally in on SCAPA. And I'm proud to say I beat him to it and have bought and sold all the way up. My last buy is 74% up and I'm holding now, and will be adding on the dips..
Yes, taking profits at Christmas sounds very feasible! But as you say, it's a big drop and we'll be the last to know. Maybe some fear regarding the USA quantitative easing programme ending also worrying investors, and the shorters have pushed it down further...
A great buy for your first share! I bought in at just under 163. But I'm waiting for the profit takers to sell, then I'll be buying more as the share price steadies, it will be mostly the serious investors then and it should see a steady rise..good luck!
22 July 2013 VOLEX plc Annual General Meeting and Interim Management Statement Volex plc ('Volex' or the 'Group'), the global provider of electrical, digital and optical connectors, is today holding its Annual General Meeting during which the Chairman will make the following statement on trading for the 16 weeks to 22 July 2013. Group Trading Although market conditions continue to remain challenging across all sectors, trading during the period was in line with Board expectations. As stated at the time of our preliminary results on 28 May, we continue to focus on margin improvement. This has involved taking a disciplined approach to business that was not delivering an adequate gross margin. This has resulted and will continue to result in a reduction in revenues, principally in our Consumer division. There have also been delays in certain new technology development programmes, including active optical cables, impacting revenue expectations in the current year and leading to growth next year. Following the good progress that was made in the second half of last year to rationalise the business, we have identified further opportunities to reduce operating costs this year. We anticipate making in excess of $3m of additional annualised operational cost savings which, when combined with the cost savings already identified, brings the total annualised cost reduction to approximately $20m. This should further enhance the cash generating potential of the Group. Overall the Board expects full year underlying operating profit, defined as normalised operating profit before exceptional restructuring costs and share based payments, for the year ending 31 March 2014, to be in line with Board expectations. The Group has reduced net debt at 30 June 2013 by $8.7m to $10.8m (31 March 2013: $19.5m) reflecting improved working capital management. Management Team Our new Chief Executive Officer, Christoph Eisenhardt, joined Volex on 1 July 2013. He is working very closely with the Board to review all aspects of our operational structure and performance to identify further opportunities to build sustainable long term shareholder value. We look forward to sharing detailed results of this review at the half year results presentation. We are also pleased to announce the appointment to the Board of Nick Parker as Chief Financial Officer from 1 September 2013. Nick joins Volex from WANdisco plc where he was Chief Financial Officer and part of the team that delivered one of the most successful IPOs in recent years. The Board would like to thank Daniel Abrams for his valuable contribution to the on-going repositioning of Volex and wish him every future success. Daniel will remain with the company until 30 September 2013 to ensure a smooth handover.
Sorry for the lack of posts, the sudden market drop was so scary I went to hide behind my sofa! I think you're right, great things happening with SDY. I didn't buy more, but I did keep the buy from yesterday. It may trend down a tad more over the next few days but fingers crossed for 100p soon!
Hi cliffi and hugh. Quite surprised myself at the rise here. I thought it would hold around 45-50p until Y/E results (out tomorrow I think). Well, all I can think is that the news must be good and all the employee's and their families are buying in! I'm not a holder of SDY because I figured the news with Balfour Beatty was an indication of their UK business, and as they had already mentioned that the UK was down, I held off buying in! Oh well, another opportunity missed..!
Anyone any thoughts about how Balfour Beatty's recent profit warning may be representative of the building trade, and how it may effect Speedy, Ashtead and Lavendon? I've been thinking about buying SDY, but now I'm unsure? Away from the main index, shares of Balfour Beatty PLC slumped nearly 10% after the international infrastructure group warned its U.K. construction unit will deliver "significantly lower profits from operations for 2013" than management had anticipated in March. Any thoughts would be much appreciated..
To be honest the statement " we have won new business with a major global technology company " is a bit obscure! Of course they sell to Apple and the recent fall in the price was down to them losing the deal: Apple’s latest smartphone comes with a ‘Lightning’ plug connector, replacing the 30-pin adapters that date back to early iPods – a type that Manchester-based Volex, which until now derived an estimated 30 per cent of its revenues from the iPhone giant, would have previously supplied.. But the question is; does the new business that they refer to mean with Apple, (a company they already deal with) or with a new company?