Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
www.4-traders.com/zbcache/reuters/Draw_Chart.php?p=18,1,360,280,S+_+U+PLC&RepNo=A340F&L2
What happened here - i remember fancying this last yr - just checked and blam!
www.barchart.com/snapopinion/stocks/GAH.LS
Financial Highlights -- Profit before taxation up 28% to GBP11.3m (H113: GBP8.8m) -- Basic earnings per share up 33% to 75.0p (H113: 56.6p) -- Revenue up 21% to GBP34.7m (H113: GBP28.6m) -- First interim dividend increased by 21% to 17.0p (2013: 14.0p) www.investegate.co.uk/s---38--u-plc--sus-/rns/half-yearly-report/201409240700084216S/
StockMarketWire.com
fingfx.thomsonreuters.com/2014/09/15/153326ab3e.htm
This looks dead in the water
www.barchart.com/snapopinion/stocks/GAH.LS
Stunning results - 2% rise on a 3.5% spread ! Same on lots of stocks - thats not normal - this market is f****d - suspect Bull mkt is over
www.barchart.com/snapopinion/stocks/CBG.LS
Gable - New Reinsurance Partner by James Faulkner In a brief update, non-life insurance company Gable (GAH), has announced that Gen Re, a Berkshire Hathaway company, has become a reinsurance partner to Gable Insurance AG, a wholly-owned subsidiary of Gable. Under the terms covered, Gen Re will principally provide Gable Insurance AG with additional capacity across its European Network. Assessment... To attract a reinsurance partner as prestigious as this is testament to the quality of Gable's underwriting skills, in our view. We see this as another positive update from Gable, coming on top of the 99% underlying pre-tax profit growth reported for the 2013 financial year. With a number of new underwriting agreements agreed across Europe this year and last we believe that 2014 should prove another significant period of growth for the company. Furthermore, last year's £10.8 million fundraising means that Gable is well placed to capitalise on any further opportunities that might arise. Valuation... Gable shares currently trade at 80p, capitalising the company at £108.26 million. With house broker Panmure Gordon looking for operating earnings of around 11.2p for 2014 the shares trade on a multiple of just 7.1 times. For 2015, the prospective rating falls to 6.1 times on forecast earnings of 13.1p per share. Meeting these forecasts of course remains a major risk to the investment case, as does the performance of new products and general risks pertaining to the insurance industry. Despite the good growth being seen here we believe that the figures above suggest that Gable is still being rated by the market as a value stock. A price of 10 times earnings (a conservative valuation in our opinion) would see Gable trading at 112p by the end of the year assuming forecasts are met. This implies 40% upside potential from the current price. "Buy".
From the FT today - 12% oversold (pop this image into your browser) i.imgur.com/XjsFapF.jpg
Buy to sell ratio of 16:1 - that's obviously the starting gun!
Thursday 11 September
Last trading update was very positive
Suggests MMs are bored and trying to find a level where they can do business - or folks dont like capacity constraint implications of Gen Re deal
Pop this url into your browser: s4.uploads.im/KXgjd.jpg
and oversold - I calc fair value at 2260