Member Info for Mulder

Crazy how some brokers opinion can knock 5% off what is a strong company with consistent profits, good dividend and defensive global market. Brokers are wrong 90% of the time so who is this special broker from Barclays that the market has treated him/her as gospel with a crystal ball? Ludicrous. Ex-dividend not far away either.

I make the current P/E to be around 20 based on full year EPS of 7.5p approx Given the high growth potential, cost savings post-merger and the defensive nature this is quite low. A more typical P/E of such a share is 25-30 so £2 is possible.

Results update is in May

Upside potential With a dividend yield of 4.2%, Pets At Home (LSE: PETS) offers obvious income appeal. However, it could also prove to be a sound means of beating higher inflation and generating relatively high capital gains. For example, the company’s dividends are covered twice by profit, which indicates that they could rise at a faster rate than net profit growth over the medium term. Furthermore, demand for pet products is likely to remain surprisingly resilient. Even though consumer confidence is relatively low and Brexit could cause greater uncertainty for the wider retail sector, Pets At Home is forecast to record a rise in its bottom line in each of the next two years. Pet owners have historically maintained spending on their cats, dogs, rabbits, gerbils and parrots, even if they reduce spending elsewhere due to higher rates of inflation. This could mean Pets At Home outperforms the wider retail sector during the next few years. Since the company trades on a price-to-earnings (P/E) ratio of just 12, it seems to offer significant upside potential. Its historic average P/E ratio is 18. While that may not be achieved in the course of 2017 due to uncertainty within the retail sector, it shows that the company’s shares offer a wide margin of safety. http://www.fool.co.uk/investing/2017/03/17/2-high-yield-dividend-stocks-you-dont-need-to-babysit/

180-181p seems to be the bottom here. Trading at an all time low. 52wk high of 288p P/E is now only 12 which is low for such a business. Historically this has been trading at a P/E of 17-18. EPS of approx 15p which means a more reasonable SP here is 250-260p Dividend yield now 4.4% and growing. A 40% increase between 2015-2016 suggests yield this year will approach >5%. Good cover at 2.1x Low debt Assets of £1.3Bn Spending should hold up even if economy stutters - I would class this as pretty much a defensive share.

Outsourcer Serco Group PLC (LON:SRP) has been named Preferred Bidder for a contract to run what will be the biggest prison in Australia, with an estimated total value to the firm over a 20-year term of approximately A$2.6bn, or around £1.6bn, based on the current exchange rate. "This is the group's largest contract win since 2012 and is one of six "elephants" sitting within Serco's bid pipeline," said Jefferies analyst Kean Marden, who holds a "buy" rating on the stock http://uk.reuters.com/article/uk-serco-group-australia-idUKKBN16N0VT

Serco Group plc 22% Potential Upside Indicated by JP Morgan Cazenove Posted by: Amilia Stone 17th March 2017 Serco Group plc using EPIC/TICKER code LON:SRP has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at JP Morgan Cazenove. Serco Group plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 144 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 22% from today’s opening price of 118 GBX

03-Mar-17 Buy Trade Notifier Information for Berendsen James Drummond 8.2 GBX 122,840 142840

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Good balance sheet, relatively defensive low beta share, dividend approx 4% and plenty of upside. Seems to have been trading 1200p+ past couple of years + geographically diverse. Solid business. Should see £9+ in near term.

2 incredibly cheap dividend shares Despite the disappointing results, it’s encouraging to see that most of the group’s bus and rail businesses continue to perform well. With the share price collapsing to three-year lows, Go-Ahead has certainly been punished by the market, but I think this is far more than it deserves. A forward P/E ratio of eight is simply too cheap for this business, and more so given the generous dividend which yields a healthy 5.2%, and is covered more than twice by expected earnings. http://www.fool.co.uk/investing/2017/03/16/2-incredibly-cheap-dividend-shares/

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The defensive nature is also appealing as indices at all time high. I note you also seem to have a position in Berendsen. Seems like a good defensive option that has been trading at 1200+ for the past couple of years so 840p is quite a drop. Was down at 770p so concerned may be a bit late to join in!

Well the new treatment for venous thromboembolism and FBA approval 2 weeks ago is a major plus IMO and should have resulted in a re-rating. From last accounts they have no debt and cash of £150M. Some of this will be spent on R&D. I believe they need to introduce a dividend this year, even if it is small i.e. 1-2% yield. It would help the SP. The current P/E is close to 40 so earnings need to continue to grow. A company with no debt, net income of £60M (growing) in 2016 and hopefully a cash pile of £200M+ by end of this year = why I bought in here

Yep same here. Could be a buying opportunity. No news on the web and no broker updates either. Usual scandalous MM tricks. Buys>Sells also!

The new bus venture in Singapore started in Sept last year so hopefully profit from this will help offset the ~10% fall from the rail business. There is also a new rail business starting in Germany in 2019.

A deal aimed at ending the dispute between Southern Railway and the Aslef union over driver-only trains has been agreed. Parent company Govia Thameslink Railway (GTR) said both sides had secured a "recommended deal" after "constructive talks". Mick Whelan, General Secretary of Aslef, said union members would now be balloted on the proposals. The result of the vote will be announced on 3 April. http://www.bbc.co.uk/news/uk-england-39284066

13-Mar-17 Buy Trade Notifier Information for Go-Ahead Group David Brown 1758.52 GBX 9 65992 13-Mar-17 Buy Trade Notifier Information for Go-Ahead Group Paul Edwards 1758.52 GBX 8 3856 09-Mar-17 Buy Trade Notifier Information for Go-Ahead Group David Brown 1726 GBX 2,868 65983 01-Mar-17 Buy Trade Notifier Information for Go-Ahead Group Ian P Butcher 2007.36 GBX 2,477 4363

Dividend only 2.5% Competition Papa Johns seems to be expanding in the UK Pizza Hut of course. Just shows the market can get things wrong - Ocado another that has been horribly over-valued for years. Having said that I do see value here in the 280-300p range which equates to a P/E around 20 which is more reasonable. Prior to results the P/E was ~ 30.

Today despite strike apparently. Better than others.