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Someone was asking about the cost of SYMs product. Here is an old, but still relevant research document, which contains a world of information for the interested SYM investor - including competitors (There are not 100s of competitors doing OXO!), market opportunity etc. etc. file:///C:/Users/FB/Downloads/symphony270907outlook.pdf I for one, having been here for years, making a little money on ups and downs (sentiment and news fluctuations) is hoping for the share price to be driven by increasing revenue and profit, in which case there is only one way we can go - a long long way up. So SYM, we need sales please - lots of sales, not just news stories! :) TYOR
Yes, thought it looked strange. Thank for correcting the maths! So a P/E of 14.62 does not see that steep to me. Lots of new products, and large, worldwide distribution network and a unique product, which can be applied to a world of plastic. Eventually, they will fly, but the question is when as it takes time to build a business based on a new (but seriously disruptive) technology. Look at Torotrack, great technology, just a shame no-one wants it. However, SYM is for me not a 'one-trick-pony' - their growing product portfolio and future potential shows this.
Was just looking at this too. Let's assume we have a net profit/income of £1mill. EPS is the 1mill / 150mil share outstanding give and take: EPS = 0.006666667 P/E based on today's SP of 9.75 pence, then becomes P/E 9.75 / 0.006666667 = 1462 If the maths holds, this does see steep...
From AR: Directors increase shareholding to 19.5% (2012: 14.2%); Maybe the good financial progress just means that a new trading range has been established.
With the continued increase in Director shareholding, maybe the board plans to take the company private?!
The interim told us nothing we did not know already. So no new BAD news is GOOD news! And the Finance Director decided to buy a few shares. All positive.
Look out for Tristel Trading Statement, which is expected tomorrow.
I think the SYM cat lost a life today! That was a hard landing!
Yes, TSTL is oversold BIG time. This is a cracking little company, who have just been allowed to sell their products in China. http://markets.ft.com is quoting their "Book value per share 0.3126" So at present, you can buy TSTL for less than the book value. That is a bargin price for a growth stock. A cracking little company, which has had a spot of bother transitioning itself from old to new products. But they have just announced that they are taking a one off 2mill hit to rid themselves on the old product on the balance sheet. And they have maintained the dividend and there is strong inside ownership. What is there not to like? BUY and WAIT for it to recover. It is as simple as that. :)) BYW DYOR!
Another interesting point is that SYMs book value per share is 0.0366. Hence, up until recently when you bought a share you paid for the book value of the company only. You literally got their technology, patents, future earnings etc. for free. In other words, the shares was (and still is) significantly undervalued. Hence, the SP finally catching up with the intrinsic value of the company, which clearly should be higher than just reflecting the book value.
Expected rise is SP, as underlying value of business is increasing. SYM has a great business model - a world-wide distribution network, which on the negative side takes time to build up and impacts margins. However, on the up side, they can reach then world with their product quickly, selling through local distributors, which keeps costs down. SYM has a patent backed product and is a major player / leader in their own niche. Yes, there are competitors, but their products are inferior and lack the technological innovation. Governments and businesses are slowly learning about SYMs innovative plastic products, and as they get wise to the benefit, SYM will start to get a lot much BIGGER slice of a plastics market, which is worth multi-billion dollars years year. And there has always had strong insider ownership. The directors believe in the company. So, there is nothing not to like, but to sit back and be patient. This company is likely to be very successful. But DYOR and see if you disagree.
Just love the RB. Fundamentals - continued growth of earnings and profit and div. Not many companies can do that year after year.
The lack of news re. delayed orders is holding this stock back. A technology company with a PE below 10 should signal a bargin, as long as the next move is UP i.e. the news coming next are positive. Hemce, IMO a good, but risky entry point for PIC.