Member Info for Libero

announced on scottish independence voting day was an incredibly unlucky time to release news!

http://www.iii.co.uk/articles/193292/safestyle-uk-plc-gains-push-south-england

Well you said "just feel that with housing sector coolng off a tad and p/e of 20 SFE was and is a bit pricey at moment, and the ST tip from March-June perhaps "inflated" it a tad" In response to the PE ratio - it's actually almost half that (based on 2013 underlying EPS, which is fair, or the forward PE ratio). I agree that the housing sector is cooling but I reckon demand for double glazed windows and doors will go up as a result. ST did inflate the price. Of course he did (doesn't he always) but the price has clearly come back down to where it was prior to his tip. However I can tell this isn't floating your boat and so I'll leave it at that. Thanks for providing your thoughts / opinions because I always value them :) ...now lets just hope that our bullishness with MIRA and APC are also vindicated mate

On riddler's technicals, a General Chat topic, I posted the following: "What on earth is going with the market today? MIRA has announced a huge contract today that is an absolute game-changer for the company, and yet the share price has risen 0%. How?! SWL - this company has returned to profit and yet has risen 0%. How?! TRI - very bullish statement regarding everything, including the integration of their acquired company, and yet the share price has risen 0%. How?! Absolutely bizarre" And the answer that came back was one I expected: Scotland

SFE Interim Results are out and they’re very good. Clearly the recent fall was the MMs playing games to get some shares on the cheap (as opposed to it being bad news + a leak, like I feared last night). Revenue, PBT and EPS are all 10% up, and market share has grown 5% also (they now have 8.24% of the market). If we presume that the FY results will be H1 x 2 the full year EPS will be 17p, giving a forward PER of just 10.4. Likewise full year profit before tax will stand at £17.2m, thus giving a EV/EBIT ratio of just 8.5. It’s a highly cash-generative business and so it’s paying out a 3.1p interim dividend to bring the full year yield to 4.85% - higher than average, especially for an AIM-listed company. Considering the growth, the superb business model, the above average yield, both the forward PER and EV/EBIT seem very low to me. I continue to consider this to be one of the best shares on AIM and a Warren Buffett stock to hold on to for the long term :)

Presuming FY 2014 = H1 results x 2... ...the EV/EBIT ratio is 10.9 ...the forward PE ratio is 10.7 They said in their interim report that H2 is likely to be similar to H1, hence the drop. But today's announcement changes everything because they say H2 will be "significantly more profitable" than they first thought. In other words H2 is going to be more profitable than H1 Therefore we can reasonably expect the EV/EBIT ratio to be sub 10, which is good. For the forward PE ratio to be sub 10 also, which is superb considering the profit growth, and you've also got that modest yield in there too. Conclusion This looks like it is 1) Undervalued and 2) that it has much further to rise. Think I shall buy in shortly unless further research deters me

See my 7 July post - I knew the 2014 HY results would be look poor compared to an exceptionally good H1 2013

forward EV/EBIT about 11.4

http://www.iii.co.uk/news-opinion/richard-beddard/investment-checklist%3A-james-latham Looking good!

http://www.iii.co.uk/news-opinion/richard-beddard/goodwin%3A-i-love-it-when-plan-comes-together

http://www.iii.co.uk/articles/193013/upgrade-cycle-underway-eg-solutions

http://www.iii.co.uk/articles/193024/tide-has-turned-rm

at a glance so I don't know why this is falling?

is only 6% now...

Oh right lol. Btw well done on AMI

EBITDA has plummeted. The only reason why profit is up for the period is because of their Audioboom investment has made them a nice sum. They've used that to try and mask the fact something has seriously gone wrong during those 6 months. In hindsight I'm glad I stayed clear of this one in the end.

Even better than I expected. Even if H2 is lacklustre the forward PE and forward EV/EBIT would both be around 7. The yield is 6% - which is well above average. Just incredible. ...although I think H1 of 2014 was an exceptionally good time for this industry sector so I doubt they could emulate that next year...

Good to see you're here also, Scarlett :)

I did the same thing with Argentina & MOS. I knew MOS's main market was Argentina but was oblivious to the macroeconomic woes there until it was too late. So I know how it feels ... at least you were on free carry!

...about FCCN: Once upon a time these shares were 500p. More recently they dropped down to sub 30p (October 2013), then they rose superbly up to almost 100p, before settling around 60-70p. It’s an interesting one because for years it was loss-making but, now that the founder has returned to the helm, it seems to be turning itself around, and the future now looks bright. Shareprophets’ Chris Oil reckons it’ll return a profit of £300k+ this year (for the time in ages) and that it’ll do far far better going forward. Why? Because FCCN has many leases on loss-making / closed stores and that’s the reason it’s still loss making, BUT all of these will terminate during the next 3 years so - even if there isn’t a retail upturn like some people predict – FCCN will become a very profitable business again. If it does then those people who bought the company at sub 30p – when at the same same value of it’s cash in the bank! – will be laughing. But I don’t think it’s too late to invest in this superb value play because, even now, it is trading at a very modest 12% premium to its TNW, it’s still incredibly cash rich, and has huge multibagger potential in my eyes. It seems to be a superbly strong buy if you plan on holding for a decent 3-4 year period I’d say, and I’d be very interested to hear what other people think? (Interim results are out on 18th September by the way)