Member Info for Mulder

Even after this drop the P/E is around 20.

Peel Hunt Buy 67.25 79.75 100.00 Reiterates

P/E of 14.9 Dividend 3.9%

Low for a 'defensive' water utility.

It appears results are being adversely impacted in a big way by 2 of the 4 divisions. TPG Engineering and D&T each resulted in losses of �1M last year - can they not be sold off or discontinued? TPG Maritime contributed over �3M in profits TPG Maritime on its own = EPS of around 0.8p putting this on a P/E of around 8 Management need to focus on Maritime and get rid of Engineering + D&T

16-Oct-17 14:04:31 10.50 300,000 Buy* 31.50k

P/E is based on EPS actually. EPS was 3.06c I believe which will fluctuate on the strength of the pound but currently comes to around 2.3p SP now of 10.6p puts on a current P/E of 4.6 I see we spiked to 11p earlier when a 300K (volume i.e. �30K) buy went through

Barely trading above the book price now.

Net assets �106M Buy backs will only help increase NAV.

I also bought in today. Holder in PAF which sold Phoenix to SLP. A P/E of 4.5 is very low. A more reasonable P/E of around 10 would put this around 23p which is double what it is today.

A share like this is normally trading at 15x earnings which would put the SP around 90p - hit earlier this year.

Low & Bonar's board continues to expect the group to show good progress overall for the year to the end of Nov. The group said the building & industrial business unit continued to perform as expected during the second half, benefiting from a focused approach to niche market segments. It said that end markets, particularly in North America, remained positive and the board expected this business to show strong year-on-year progress. The group said it remained on track to complete the sale of the Lokeren based Agro-textiles operations. An update continued: 'Interiors & Transportation's solid performance has continued through the second half. 'Strong sales growth in China, with increasing demand from local customers, has generated good returns from the Changzhou facility. Price increases implemented in the first half are also benefiting the second half performance. 'With operational issues in Coated Technical Textiles now firmly behind us, work on rebuilding customer relationships and restoring margins is progressing, while recovering raw material cost increases. http://www.stockmarketwire.com/article/5704518/Low-Bonar-on-track-despite-rise-in-raw-materials.html

Low & Bonar on track despite rise in raw materials

Close to 1 year lows. The Civil Engineering barely made a profit last year also so IMO not a big deal and a 17% drop is out of order.

Well I can only go by my holdings and Kingfisher + WPP have also seen their SP collapse during their own buy backs.

Rather convenient how the SP always collapses when buy backs are going on? Obviously better for the company to buy back at a lower price but shareholders get hammered every time. With such a large quantity of shares being 'bought back' surely the SP should rise not fall?! There's proof of the amount of manipulation that goes on in the market every day. A totally orchestrated depression of the share price. If you see buy-backs run away!

Analyst: Accenture a 'credible buyer' for beleaguered WPP http://www.marketingdive.com/news/analyst-accenture-a-credible-buyer-for-beleaguered-wpp-and-publicis/506242/

My target is a lot higher; well over 300p. Nice little dividend to pick up next month also 1.3p/share Ex-dividend 16th November

Even more reason then to wonder why it is trading on such a low P/E of around 5 for what should be seen as a defensive, energy/utility share. Most utilities trade on P/E's around 15 which would put the SP around 900p. Looks like the derivative loss should not be repeated in H2 having read the comments in the H1 report but depreciation losses are likely as they continue to write off the coal assets. At the very minimum this should be trading around book value though so approx 460p and on a P/E of at least 10 gives approx 600p. Hope the market wakes up to this in coming weeks and months.

https://wallstreetwires.com/uk-charting-plays-burberry-purplebricks-spire/ Predicting a run up to 260p-280p