Member Info for Libero

http://www.stockopedia.com/content/gvc-holdings-from-cash-cow-to-cash-calf-95149/ TL;DR: A fairly priced, high yield company GVC Holdings is benefiting from competent management but may never shake off the negative perceptions that surround the online gaming sector.

Note to self - must read this. http://www.iii.co.uk/articles/230878/stockwatch%3A-value-share-still-under-radar

http://sharecast.com/news/berkeley-group-strikes-confident-note-in-reiterating-three-year-guidance/22587664.html

At the risk of repeating myself: (A) totally agree on. Many of the fundamentals here are to die for. (B) I also agree with you, however 1) the business model is so light weight I think the chance of a placing aren't as high as you do 2) I truly believe the company will be fcf positive as time goes on, making it less of a negative Therefore I'm probably more positive on A than you, and less negative on B than you, and consequently bullish over all. Let's see how it goes...

http://www.proactiveinvestors.co.uk/companies/news/78433/mirada-appoints-ex-walt-disney-iberia-fd-as-its-new-finance-chief-78433.html Superb news!

PE of 7.4 - very good EV/EBIT of 10.6 - good NAV = 95.5% - excellent TNW = 95.4% excellent Yield = 3% - good Therefore this is a profitable, dividend-paying, asset-backed business which seems to be well run too. The outlook is positive (confident but with reasons for constraint). It makes me think this stock is unlikely to attract a high PE ratio but there's no reason for the PE ratio to be quite this low because I can see this company growing nicely in the current financial year and beyond. In conclusion this actually looks like a very good company. Will revisit...

http://www.iii.co.uk/articles/228705/stm-still-grossly-undervalued

PE ratio is now 15.5 PEG ratio is less than 1 EV/EBIT ratio is 10 TNW stands at 33% of MC Outlook is very positive All in all this looks like its growth at a reasonable (possibly slightly cheap) price. i.e. it looks v good.

RM. is doing well. Profit margins are up. Profits up 67% to £15.8m. PE ratio is now 10.6 - Great EV/EBIT ratio is now 9.9 (from my calculations) - Great TNW is 6% (which is pretty poor tbh) Cash generative business Outlook for next year is strong So, all in all, the only fly in the ointment is TNW for what is a company that otherwise looks very strong. Buy

and goes ex-divi on 15 May for both (final & special) Good results. Good financials Potential takeover target. This is looking good!

SYQ's recent news re: PTNP has been disappointing but the earnings growth is remarkable, and the prospects for the future are even better, so I think the extent of this fall is wholly unjustified.

TNW now 53% of market cap. Still good. EV/EBIT must be 10-11 now I reckon. Forward PE of 11 it seems. Considering 24% growth in PBT/EPS the peg ratio ought to be 0.5-0.6 - also v good. Profit margins are improving. Seems like quality (and increasing quality) and growth at a slightly cheap price. There's much to like it here.

There were reasons for being "sunny side up" in my analysis but I guess I'm forced to agree now. My faith in this company has been proven to be misguided.

You sound a little boastful when you shouldn't be. The only reason we're now in the 20s is because of an awful trading update. Prior to today's update your previous prediction wouldn't have been reached IMHO.

FY 2014 results will probably show EPS rise to 6p, and PBT rise to 1.2m ish I reckon. This would mean the PE ratio is roughly 10, and the EV/EBIT ratio is roughly 14. The former is cheap considering the growth here, the latter is arguably just alright (to be honest). But then, because of this contract, 2015 FY results should be even better. Presumably it'll mean £16-20m extra revenue per year. Presuming the margin is roughly 1% to 1.5% that's an extra £160,000 to £300,000 profit before tax per year. The 2015 EPS would then rise to 7 or 8p, meaning PE ratio falls to 8 or 9, and the EV/EBIT ratio then falls to 11-12. Both of which are very cheap. On that basis 100p a share looks very achievable. Buy.

I calculated that PTNP were 1.5months later but, either way, it's not great I must admit. Having said that, and as I explained in my 18th Feb post, I don't think the risk of placing is that high because the business itself is a low-cost one so SYQ can easily rein in cuts when required. FCF has been too reliant on PTNP historically but it's clear to see that SyQic's earning streams are growing and the problems PTNP have caused to date will fade away as the company continues to progress with the OTT model and via new Telco partnerships (as announced in the recent trading update). I admit that things are not ideal. The saga with PTNP is disappointing. But there's still plenty of reasons to very bullish here IMHO, having DMOR (done my own research) haha Hope you're well. Lib/Dan

TNW looks to be 41% above the market valuation. Low PE ratio - lower than all of its peers Price/Book value is relatively low Yield is REALLY high - 9% and sustainable. Wow! Other things -Combined ratio of 94% is good -The outlook is positive -Forecasts show LRE should return to profitable grown in 2015 and 2016 -Once interest rates inevitably rise, LRE will perform even better because it'll help trigger a hardening of the reinsurance markets.

LRE It’s cheap on the fundamentals (against the market, and against its peers) It has an extremely impressive growth record (up 375% over 9 years) It has a yield of 9.1% and it has paid out bumper special dividends in 6 out of the last 7 years (2011 being the only exception), on top of the regular dividend. It’s one of the top Lloyd’s insurers and therefore currently a takeover target Judging by the recent takeovers of Lloyd’s insurers Brit and Catlin recently we can expect a takeover to pay a good premium to the current share price. All in all LRE looks superb. http://www.stockopedia.com/content/lancashire-holding-a-hot-pot-yield-92648/

come from??

Jolly, I have to agree that working capital is a challenge here but I doubt there’ll be a placing any time soon for a variety of reasons: -They’re generating a lot of revenue and profit, and that amount is increasing continuously. -PTNP will hopefully catch up on their payments shortly – and they are the one of the two main causes for the low level of net cash -The other main cause for the low level of cash is SyQic’s acquisitions etc. In that sense they’re partly self-inflicted but it is also means they can easily cut down on costs. -They can cut down on costs very effectively because it’s the business model itself is a very low cost one. VBR, Dan