Member Info for Libero

H3RO, There was no after hours huge sell so I think the MMs were totally playing with share price yesterday. What a joke

Haha sorry guys! ;-)

Well the operating profit margin is 14.65% from the HY report and that is consistent with REDT's performance over the last few years. The gross profit margin shown in the HY report was ~75%, which is slightly down year on year but I put that down to a higher cost of sales. I think comes from the Business Support unit... "Profit from the segment has fallen back slightly as there has been further investment in people and marketing but this should show benefits in the medium term and should help to ensure that our service remains the leading offering in the market." ...so all in all I reckon it's fair to conclude REDT have a good competitive advantage, which means that this will make a superb long term investment. Jolly - I think I'm finally ready to buy in. I just need to time my entry...albeit preferably before the results are released 10th June lol

Bloody hell mate what a fantastic life you've led. If I can take 3 or 4 gap years during my working life I'll be delighted :)

Have you bought in Shan? Momentum trading are you?

H3RO, Well there might be some massive after hours sell that turns up to explain the fall. However, if a big after hours sell doesn't materialise, then we'd be left to conclude that the MMs are playing with this stock like they have done previously.

for what lol?

Jolly, I’ve started looking at ROCE quite a bit lately because it indicates that the business is ‘capital light’ / lightweight, that the company has a competitive advantage, or “moat” of some kind. All good things of course. So I decided to look at REDT’s and, to my surprise, one is not stated on LSE. So I’ve decided to work it out myself (always dangerous lol) ROCE = Operating Profit / Capital Employed. The latter consists of share capital + retained earnings + long term borrowings. Therefore REDT’s ROCE for 2013 FY = 0.94 / (0.49 + 2.32 + 0.39) = 29.38% This is very good and suggests REDT has a competitive advantage over its peers, which is superb news for those us looking for a long term hold here. But, before I get too excited, have I worked out the ROCE correctly or was there a good reason one isn’t stated on LSE? Best, Dan

Well done for buying into SYQ. You bought in at an absolutely superb price so bravo to you! Also, regarding the chance of a placing (and there is a good chance of that I have to admit), I also think that’s already been well and truly priced in. SYQ is worth way more than double than what it is now IMHO but DYOR of course (especially considering I’m potentially emotionally invested in the company by this point, even though I genuinely have always loved the company & the business model). Kind regards, Dan

yeah cos, from memory, the Tudor Rose sell off really distorted the last FY results thus making it look much cheaper than it actually is. If you were on free carry and then just upped your holding though then that's different

It's more like 4 degrees if you did 3 masters, surely? one degree (3 years) + 1 Masters (1 year) + 1 Masters (1 yr) + 1 Masters (1 yr), right? Oh wow I never had you down as someone who would have stayed that long in education. Well done for avoiding the world of work for as long as possible :)

general chat bb not so long ago ..... Cenkos Securities is an institutional broker and nominated advisor in London for small- and mid-cap growth companies founded in 2004, and they have been profitable in every year of its existence. -Revenue has increased year on year from 37m in 2011 to 51m in 2013. -PBT has grown from 5.1m in 2011 to £10.7m in 2013 -ROCE has improved year on year also from 19% in 2011 to 40% in 2013 -EPS has grown from 5p in 2011 to 14.2p in 2013 -The finances are really good with £30.3m in cash and £39.8m in liabilities. -There’s only 60m shares in issue (which implies this company doesn't do many placings themselves - just for their clients of course) -Cash has increased twice as fast as liabilities since 2011 Some Financials It pays a superb 6.6% yield P/E ratio of 12.7 EV/E of 11 – which isn’t great on face value BUT for a high growth, high yield, and consistently (and increasingly) profitable company that’s very good I think. Outlook going forward - “We have made a very encouraging start to the new year with 2014 revenues to date being materially ahead of the same period in 2013 and the current pipeline is strong.” I'm really impressed by this company, and would love to hear people’s thoughts on this?

like I suggested on riddler's technicals - please have a proper look lol. I don't want you missing how the forward EPS is 8.5 giving a forward PER of 5.3 at present. ... nor do I want you to miss how there was a 600% rise in revenue for 2014 Q1 year on year ... or that the admittedly large trade receivable is already 25% down on when last reported & the telco responsible is paying SyQic monthly and hasn't missed a payment to date! This is absurdly cheap right now based on the 2014 financial year expected results

Haha no I had a morning meeting about Kidnap & Ransom insurance!

Jolly, Ah I get what you're saying. Yeah that unconventional approach to EV is unconventional cos it's clearly incorrect lol. Thanks for pointing out the error of my ways! Glad you agree with my general conclusion though :) Btw jolly, as a general question, what books would you recommend I read? I'm asking cos if you remember on the SYQ bb I said I planned to go away & do my homework before coming back to investing again like I did between my first and second attempts at setting up a university newspaper, and I haven't done that yet but still intend to Best, Dan

Jolly, I know I'm not part this convo but having stumbled across this - are you no longer in SYQ? Redt, RBN, VLK, EME - all superb choices btw Been meaning to research Thal & read el1te's analysis Don't know about many of the others but am surprised how bullish you are re: LPA but hey ho I'm probably wrong somehow on my analysis there lol

Only just seem this reply (apologies) Thanks for the reply regarding cash flow. Having looked up how to calculate capex I see there's some debate surrounding the issue so out of interest how do you calculate it? Ps - if there's not a debate then I clearly happened to read 4 links that were (slightly) different regarding calculating capex haha

Smart move I say because 1) I do think 45p is cheap when you factor in the pebble beach acquisition (post-period) 2) I believe the bod will continue to deliver great results year on year In other words I think it's a great long term hold and, at this price, it's a decent short term hold as well. I haven't looked at VLK for awhile but, from memory, I remember calculated fair value / my target to be 70p here

Post recommended. Thanks for that info mate

Blue, are you in here also? I say also not cos I'm in but I know jolly is & I've been seriously considering jumping on board