Member Info for Mulder

GSK and AZN are trading around 15x so Shire is at a steep discount to this. A similar rating puts the SP at 5700

Almost £250K in Director Buys recently. Richard Griffiths increasing stakes. M&A? Something brewing certainly. SP pretty much at an all time low. UK business now in profit. 2-3 years ago 300p/share were offered here when the business was still loss making. Could be a decent buy from here.

Almost £250K in Director Buys recently. Richard Griffiths increasing stakes. M&A? Something brewing certainly. SP pretty much at an all time low. UK business now in profit. 2-3 years ago 300p/share were offered here when the business was still loss making. Could be a decent buy from here.

Almost £250K in Director Buys recently. Richard Griffiths increasing stakes. M&A? Something brewing certainly. SP pretty much at an all time low. UK business now in profit. 2-3 years ago 300p/share were offered here when the business was still loss making. Could be a decent buy from here.

Almost £250K in Director Buys recently. Richard Griffiths increasing stakes. M&A? Something brewing certainly. SP pretty much at an all time low. UK business now in profit. 2-3 years ago 300p/share were offered here when the business was still loss making. Could be a decent buy from here.

Most shares trade at several multiples to their book value. How useful a tool this is only time will tell. The others that are trading at a discount are: - Sainsburys Debenhams Shell Royal Mail & Pets At Home

Seems to be strong support around 291p-294p Buybacks ongoing. It is strange how the SP always collapses and remains down during buybacks. Any idea why? I know it is in the company's interest to buy the shares at the lowest prices but is that not blatant manipulation? Seen it time and again - currently going on here but also over at National Grid and SSE.

I only have a small position in DOM. It has a sound balance sheet and low net debt:EBITDA. It is trading at a discount to historic P/E although still on the higher side at approx 19. Growth seems to be slowing and competition rising. Support around 250-255p Brokers all over the place as usual with some targeting 500p+, others as low as 242p Seems to have strong investor sentiment though and not been attacked too badly by the shorter dogs so far. I think it may pick up come the autumn/winter as the football season starts and some rumours of it being taken over also. A long term hold I suggest.

Forgot to add this is trading at a discount to the book value which is almost unheard of. Very rare.

Results will show Screwfix continuing to do very well and France continuing to slide. I doubt there will be any surprises but the schizophrenic market will over-react as usual. Already trading close to 5 year lows. As for take-over current market cap is only £6.5Bn so IMO could easily be snapped up by a major player looking to diversify. How about Walmart? Market Cap of $250Bn Sainsbury's bought Argos/Home Retail after all. Stranger things have happened. Kingfisher's balance sheet is by far the strongest I have come across the whole FTSE.

Yes still here and anyone buying a few days ago at 155p would have done very nicely indeed with a 10% rise. Rose for no apparent reason other than shorts marginally decreasing. Again highlights how much hold they have on the SP and keep it locked down in a totally artificial clamp. Results Q1 8th August Strong support 155-156p

Utilities tend to have poor equity ratios due to the high debt levels they hold. Rolls' current equity ratio is on a par or even worse than water utilities and energy companies like Centrica (1.15) and SSE (1.4) Different sectors yes but examples of outstanding balance sheets are Kingfisher (equity ratio of close to 3), Shell (1.9) and Royal Mail (2.5) Anything close to 1 leaves little margin for error. Not invested here and never shorted just saying balance sheet looks weak to me and could spell trouble in the future.

http://shares.telegraph.co.uk/fundamentals/?epic=RR. To 31/12/2016 The 6 monthly profits have clearly boosted figures.

Equity (current) ratio of 1.078 is surprisingly poor Excluding intangible assets & 'goodwill' we have negative equity of 0.86 Net assets of only £1.8Bn (down from £5Bn the year before) The rise in profits will help but the balance sheet remains weak

Perhaps you should check the balance sheet before investing in future? Yes you dumb **** The AA has £2Bn in Negative Equity. http://shares.telegraph.co.uk/fundamentals/?epic=AA. Assets £(M) 2017 2016 2015 Reporting date 31 Jan 2017 31 Jan 2016 31 Jan 2015 Tangible assets 131 122 100 Intangible asssets and goodwill 1,283 1,298 1,257 Investments and other non-current assets 72 62 107 Total non-current assets 1,486 1,482 1,463 Inventory / Work in progress 6 5 5 Trade and other receivables 195 172 187 Cash and Equivalents 211 166 302 Other current assets and asset held for resale 0 0 1 Total of all ASSETS 1,898 1,825 1,958 Liabilities £(M) 2017 2016 2015 Short term liabilities 550 533 506 Long term liabilities 3,261 3,248 3,707 Other liabilites / pension etc 0 0 0 Total of all LIABILITIES 3,811 3,781 4,213 Net assets £(M) 2017 2016 2015 Net assets -1,913 -1,956 -2,255 Equity £(M) 2017 2016 2015 Share Capital 1 1 1 Minority Interests 0 0 0 Retained earnings -2,294 -2,323 -2,436 Share premium account 403 399 200 Other Equity -23 -33 -20 Total EQUITY -1,913 -1,956 -2,255

What the shorters are not telling you is that Debenhams is trading at a steep discount to the book value. That is extremely rare.

Having re-reviewed the balance sheet here I am pleased to say it looks very good. Rock solid in fact. Equity ratio is 3.01 with a quick ratio of 2.89 That is amazing. Even the big companies hover around 1.3-1.4 only I really don't know what the shorters are playing at here - if there has been a leak and they have heard of a skeleton/financial irregularities then a full FCA investigation is needed.

The shorters clamp and magnet remains in place. Total BS.

The AA has almost £2 BILLION in NEGATIVE EQUITY. How it is still trading and at £2+ is a joke.

They must be privy to 'inside information' that has not yet been revealed. Most high street retailers seem to be under attack also.