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Just being part of the US JER-DAP programme sends a signal to potential customers - especially in the Middle East.. If Avon starts winning US military contracts (as well as UK) then the present price will look like a steal. The company is transforming itself and paying a dividend too. Good news.
I've been following the directors and adding on the dips.
12% is City consensus and I can't find my original link to the figure. This from Fool confirmed it more recently though: https://uk.finance.yahoo.com/news/value-dividend-stock-falling-knife-154144382.html
Earnings are expected to drop 12% in the 12 months ending September, but the company is expected to advance 7% advance next year. That puts Avon Rubber on a forward P/E ratio of 14.3 times earnings. Take a look at CRPR and see what an eyewatering PE level looks like and still the share price goes up (industrials, but not in the same business). The MoD contract is up for renewal next year and once that's out of the way. The company 's high-tech masks are the best around. They've recently had a big one-off order and are actively seeking more defence contracts - especially in the Middle East. Dairy is also showing signs of life. City forecasts are that dividends will keep going higher (last year's 9.48p per share expected to rise to 12.3p this year and 15.3p next). In an uncertain world, those gas masks could propel this company to a different level. One more major contract would blow the current estimates away. There aren't many shares in issue and when they move they move fast. Meanwhile the of 1.2% yield puts a floor under this at about £10. In my view, this has the potential to surprise - hopefully on the up side!
It has the same feeling as Biffa had before it took off. It's got a great dividend record to support it,, with military sales growth potential. Should also benefit from a low oil price and a low pound to help exports. Reckon this might just become a lot less boring soon. I'm in.
Biffa collections benefits brought to light by Pennon results, Numis says Thu, 25th May 2017 12:29 (ShareCast News) - Broker Numis said Biffa was one of the top stocks picks in the support services sector as it could be a beneficiary of trends mentioned by rival Viridor this week. Following comments from Pennon as part of interim results on Wednesday, Numis noted that Pennon's Viridor division, a key competitor of Biffa, had endured weaker performance in its collections business, with adjusted operating profits down 7%.Analyst James Beard said this read-across signalled positive news for Biffa, which he believes has taken market share in this area from Viridor over the last 12 months.Beard said it was clear that Viridor is prioritising its Energy-from-Waste division, with significantly more capital allocated than to contracts & collections capex of £13m and management focused on the potential to create increased availability of residual waste for use in EfW post-Brexit.As for the read-across to Biffa, he said: "We believe that the decline in Viridor's Contracts & Collections profits is indicative of the company focusing its resources elsewhere, and it is possible that Biffa has been a beneficiary of this, taking market share. "The portion of improved profitability in Recycling that is due to renegotiation of customer contracts is also positive for Biffa, given that it has been undertaking a similar process." Viridor's focus on the EfW market underpins the analyst's view that Biffa is likely to invest or partner with investors in this area in the future, though capital deployment on infill industrial and commercial collections M&A to increase density is the medium-term priority.Numis has a 'buy' rating and a price target of 260p for Biffa.
Aiming to go. I'll post afterwards.
11 May 2017 Biffa plc ('Biffa' or 'the Company'), a leading UK integrated waste management company, will today host a site visit for analysts at Edmonton, its North London materials recycling facility (MRF). There will be a series of presentations and tour of the site providing insight into Biffa's operations at Edmonton in the context of the Company's wider operations and strategy. The presentation materials will be made available at https://www.biffa.co.uk/investor-centre/ following the event.
To be clear, I meant 35% of profits to go into dividends each year. Not 35% increase of dividend year on year - just in case it was misleading
If they declare a dividend (which they've said they will) then the share price should reflect it. Meanwhile, the share price has established a base trading range and should start north from 189 soon. For anyone interested it has just broken the 50 day moving average on the upside, so it might rise sooner than expected. With 35% increase in dividends every year and new aquisitions to boost interest, this share should wake up soon... well that's my theory, anyway.
Not so much for a takeover (although that would be good) but for the slow, steady rise in dividends from a low base.
investors bought in at 86p paying over the share price at the time. Clearly the BOD told them what to expect from the future (and I don't believe an investor buys in over the odds just for a rise from 86p to £1.35... they must be expecting more than that). We've already been told the Full Year results are significantly ahead and now it looks like that growth is going to go on. The news yesterday is a big step in this company's transformation. Unlike most AIM companies, WI is growing using cash and not shares - there are only 12.5m of them and they're hard to get.
With more shares put aside today, the recent buy back and the placing of a limited number of shares at a premuim to the share price last month, it proves the directors are serious about keeping a lid on the number of shares. This bodes well for both the company and a dividend (see last year's reults). A dividend would allow insititutions requiring income to be able to buy in. That meants WATR will provide an alternative investment to the likes of Mitie and Serco -albeit on AIM. It will also be attractive to ethical funds. According to the latest full year results the company is exceeding forecasts by some way. That, combined with the partneship with IME, will keep the news flow healthy both in financial and product terms. The PE ratio is stated at 26 at a price of 122. That is way behind the curve. It is probably nearer 17/18. It means that there is still value in WATR shares, even after the recent rise, compared with the others in its sector. The shares are also squeezed.
buy it - I did.
The board of Water Intelligence, a leading provider of non-invasive leak detection and remediation solutions, is pleased to announce the acquisition of ADV and, pending a regulatory clearance that is expected in the near-term, AWL. See today's RNS for details. The directors have finally got their strategy right. They are buying businesses not selling bit of the company off. I like the way they are expanding for cash and not shares. I have built up quite a large holding in this and am continuing to add.
StockMarketWire | Mon, 26th September 2016 - 07:49 Water Intelligence has posted an H1 pretax profit of $978,632, from a profit of $909,829. Revenue was $5.6m, from $4.4m. "We are pleased with the results for three reasons. First, we have accelerating organic growth. Second, we continue to build on our corporate store strategy with reacquisitions that are also strategically placed to support our growing franchise network," said exec chair Patrick DeSouza. "Third, we have acquired a growth company in the UK that is synergistic with our core American Leak Detection business. We now have a solid Anglo-American platform upon which to scale into a multinational growth company."
The shares are like hen's teeth - only 10m. This is going to come up on a lot of radars when they declare a dividend.
Dividend next?
why it would be expensive to have small shareholders on a company's books. There's no cost for the company involved with us just sitting there - as most of us have been doing since the Qonnetics days. So what's changed suddenly that makes it worth going to the bother of removing us? New shareholders in after the director bailed? We would become expensive if they want to pay a dividend, of course. So I upped my holding to stay in with a meaningful amount just to see what happens.
Market cap 19.5m is almost covered by cash alone. The more the price of oil goes down the more attractive discovered reserves of oil and gas are in small companies like this (v epensive exploration). For me this is a contrarian punt. The anti-fracking lobby is beginning to make headway in the states... look at what's happening in Colorado. Just my view, of course.