Member Info for Scoobydoo321

All is fab, except the directors sells today...timing is everything...

Final dividend for 2022 of 5.3p per share,

Ex-div - 6/4/23

Profit warning - down only 6% - mmm....

IC's report salient points -
PE (f) = 10 = is very very cheap for such a high quality company demonstrating they can perform in these environments.

With more upgrades likely.

Liberum’s upgraded TP of 280p fair valuation (from 260p)

Just came out - behind paywall!

https://www.investorschronicle.co.uk/ideas/2023/04/05/a-financial-company-that-keeps-exceeding-expectations/

A financial company that keeps exceeding expectations
It has prompted analysts to upgrade their earnings forecasts again and it’s unlikely to be the last time
April 5, 2023
By Simon Thompson

Nearly doubled my holdings with weak hands selling for pittance.

Looking forward to Mr S.Thompson's article.

Undervalued given how fantastic they have performed.
PER (f) should be in 20s
At the moment, current PER = 16.
Too cheap for a quality growth company.
Finncap's latest report out.

Latest house broker report:
https://www.equitydevelopment.co.uk/research/positive-surprises-in-year-end-trading-update

TU c 1 week's time.

Really can not see anything but stellar.

And hence your name -

I'm joining u on the sidelines - was in 60p got out at 73p

US cash banked - should not be a major concern given that SVB deposit holders got back 100%.

SCT's results being "ahead of expec." was a good cross-read. SCT PE c 20 vs CCC c12.5. Expected peeps to buy in after SCT's excellent results. No reaction. Good. Gave me a chance to even buy more pre-FY results for CCC.

PE (f) per Stocko is still c 16.
+ recession fears

Yes, indeed. Just after I sold up at £4.91 at a small loss. Typical. Hard to find alpha in these markets.

If there had been no concerns over the pork prices in China, IMO, SP would be nearing 150s rather than where it is at the mo. A lot of peeps, including myself, was concerned where the pork prices in China were heading over the CNY; however, their most recent TU removes all concerns.

We all knew that the RoW was performing well. If China can perform whilst pork prices are so low over there, how would they perform, in China, once the pork price stablises, given efforts of the Chinese government to intervene to ensure equilibrium between consumers and pig producers.

Overall, I think this is an inflexion point for the company heading upwards. Shroders punt seems to be the right one.

PE = 8 is too cheap
+
Outlook is strong for 2023.

Surprising "ahead of expectations" given the price of pork in China. Once pork prices in China stablises - will lead to further growth in the demand for their products in China

Looking forward to Simon Thompson's write-up.

nemesis - what planet you on mate - credit suisse is tanking - has zero to do with budget

Yu suck!

Lovely £1mn buy today - absorbed all the overhang.

SP has sprung to life with such a dour risk off backdrop.

Hopefully, allows RFX to motor back to where it should be.