Member Info for Rich62

Got to be good news. New Chairman will shake it up and "deliver value" to shareholders....hopefully😀

Hopefully back in track!

Should be an interesting day!

I see changes as a positive. Old guard especially those who took payments for consultancy work gone. Onwards and upwards IMO. Gla Rich

Finally moving strongly upwards...

You are right! Government is reviewing Help to Buy and may wind it down by 2021. Can't see the Government doing anything rash in short term though given slowing GDP and reduction in houses sold recently. They have already crash stopped the Buy to Let market and hit demand for more expensive property sales through the big hike in stamp duty earlier this year. Let's hope they've learnt not to do anything else, without thinking it through properly!!, when economy is already slowing down with Brexit confusion and risk.

Massive tree shake. Brexit market sentiment allowing IIs to scare PIs into selling at low price. Imo. Rich

I'm in at 22p.Okay so RNS is poor with big impact on EBITDA for 2017 but good plans in place for 2018 and Brighter Foods acquisition could be the game changer here. Will sit and hold for a bit. Gla Rich

On a positive note, I see that Mr Kipling is now sponsering the new Bradley Walsh quiz show on ITV

Interesting article by the Editor in Investors Chronicle this week. Asking why PFD sold Quorn in 2011 when this was the one product that had real potential for the future (healthier eating) and intellectual properties that are hard to replicate. What Warren Buffett would call an economic moat. Instead decision was made to keep the wrong parts of business (kitchen staples) where competition is huge and prices are squeezed by the supermarkets.

5.6% rise...

Good post. Just needs a bit of coverage in Mail and IC to raise over 100p. Hopefully get some big contract wins from larger contractors on HS2.

Peel Hunt broker (house broker) target 140p. 50% upside

Market cap of £72.8m. Reported profit £9.7m. Got to be a bargain at 92p surely? P/e 7.5

13.05% short position. Worries about UK economy post Brexit. GDP slowing, inflation (both imported and Living Wage increases) lack of confidence. Changing buying habits to more on line etc etc. However notice that Mike Ashley is increasing his position in DEB. Take over? I haven't got position as always seemed to get my timing wrong in past with DEB, but may buy in below 40. Gla Rich

Recent results good, hope for some more positive coverage in IC magazine tomorrow...gla Rich

Some big buys this week..

Just bought some more at £3.3975. MMs dropped price hard on minimal volume. Something happening?

I must be missing something here! Market cap is £27.95m. Net cash £3.43m. 2017 profit £2.3m. 2016 turnover up11%, profit up 250% and 75% of 2017 business locked in on contracts. When results initially announced on RNS end March, price rose to 500p plus. Todays AGM / trade statement confirms all in order for 2017, but price sub 400p. P/e by my calculator is 10.65. Well cheap surely????

Back in todays Investors Chronicle, ST's column; rated a buy.