Member Info for Scoobydoo321

Or are you CNICal towards divies?
:)

Nothing wrong with maiden divies - +ve signal to market.

Results out @ 28/2/23

Presently, PE c10 = crazy bargain (historically 14 - 23)

Gearing - easily covered with EBITDA - no issues

Loans - 59% is fixed with swaps - therefore rise in interest rates only has muted effect on interest charges.

Expected to be "on the top range of analyst expectations" via interims in Aug 22.

Nov 22 - TU - Reiteration of guidance as given in Aug 22 (must have benefitted from 2 Amazon Prime Days for its B2C division.).

II must have been offloading, fab opportunity for a buy-in at dirt cheap price.

Whilst consumer sentiment was stated as "weak" per their TU in Nov 22, this only a small part of their biz, main part is B2B.

Stuart Widdowson of Odyssean Capital LLP with Paul Hill - https://youtu.be/B3spSRO8Uug
states, "materially undervalued" (56min and 20 seconds).

They are market leaders and enjoy ability to raise prices.

Aug 22

Interest charges are limited.

Per interims:
Adjusted net finance expense* of £2.9 million was £1.0 million higher than in H1 2021. This was driven by higher debt, following the recent acquisitions, and rising interest rates. As at 30 June 2022, 59% of our borrowings were fixed through swaps, partly mitigating the risk of rising interest rates.

With H2 weighting - they will likely be a beat of forecast, i..e ahead of expec.

niraj - what tea leaves do you use?

Sadly, seems market a little underwhelmed...

Well done, Paul. Great results. Looking forward to return back to 400p+

This is USA's who's who of Kidney Transplant and they are the Advisory Board for VRCI. £1.5mn EV - really???
Professor Anthony Dorling
Professor Richard Formica
Professor Roslyn Mannon
Professor Peter Nickerson
Professor Philip O'Connell
Professor Emilio Poggio
Professor David M. Rothstein
Professor Kathryn Wood
Dr. Weiija Zhang

Simon T tipped it again -

https://www.investorschronicle.co.uk/ideas/2023/02/16/2022-bargain-shares-portfolio-review/

Shore Capital is forecasting a 60 per cent higher EPS of 57.9p in 2023. Therefore, PE(f) is 7.7, offer a prospective dividend yield of 5.2 per cent. The sp is priced just above its NTA.

At PE(f) - 7.7 that is a screaming buy. Shore Cap were pretty accurate for 2022 year. No reason to disagree with them.
Even if recessionary news has temporarily receded, HAT should be trading on a PE of 10 (absolute minimum) to - 14. This was what they were historically trading at prior to the FCA incident (which affected sentiment 2018-2021, which dragged the PE down.

Based on forecast EPS 2023 of c58p -
PE (f) = 10 SP = 580p
PE (f) = 11 SP = 638p
PE (f) = 12 SP = 696p
PE (f = 13 SP = 754p
PE (f) = 14 SP = 812p

The current sp is a giveaway.

That's why I am fully loaded on this stock.

PE - 23? Someone here is wildly off.

Yes, Chelsea, could have been a "worked buy".

It says sells but often they are discounted buys by an II, taking off shares from MM at a discount for a bulk.
This happened in EAH where over £400k appeared to be sold on the day that the sp trend turned at the ask price at 83p, a few months back, as soon as that occurred, the stock sp's was as if the handbrakes were taken off. EAH rallied until it got sold off.
I notice the same phenomenon with ASTO, at 59.7p, big final dollop, which appeared to be a sell and whoosh, the stock rose immediately to 65p
Contrarily, at TBLD, there were discounted sells (sp was 70p and an II was selling at 50p). The subsequent sp action differs tremendously to what happened here, ASTO and EAH as I mentioned above. At TBLD, the sp fell back as MM sought to get the overhang off their books by selling cheap.
Therefore, IMO, I think these were discounted buys at bulk.

My bet is that this is going back to mid 30's or beyond BWDIK!

Going to rain on the parade -

BEIJING, Feb. 7 (Xinhua) -- Pork prices in China declined in the week from Jan. 30 to Feb. 3, official data showed.

During this period, the average pork price tracked by the Ministry of Agriculture and Rural Affairs stood at 18.05 yuan (about 2.66 U.S. dollars) per kg, down 12.5 percent compared with the week from Jan. 16 to 20.

An index reflecting the national average of pork prices against grain prices came in at 4.96 to 1 during this period, falling below the warning level of 5 to 1, the National Development and Reform Commission said Monday.

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Very strange why Schroders have decided to increase their stake when Chinese pork prices are at a price where pig producers are loss making. GL and Dyor.

yeah, must be - overhang cleared - we off to the races!

Yes, Simon T is the main man!

You're honestly having a laugh.

My business idea written on bog roll is worth more than that.

Mills must be livid: he shoved in money at 30p not so long ago.

II support -
10-Feb-23 13:02:23 30.41 727,500 Buy* 28.70 29.90 221.23k
At a 3% above ask price.

Lowest SP for 3 years with results around the corner.

PE = c9
Cheap ...