The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
DGM looks like there is news in the price. total trades in the 20k region and a T trade of 4k. very small values. somethings afoot
DGM where is this one going. thank god I made plenty on CEY. One thought occurred to me. You can understand difficulties with introducing new systems, but why did DGM choose to rush the implementation of dgmpro at the time of the run up to Christmas. Isn't Christmas their best time of year. Does DGM have an AGM? I'd like them to answer that one. It doesn't look like their users were demanding the new system so uregently, so why then?
DGM Deano, I'm relaxed. I bought some at just over 6 and some more at just over 5. I'm staying here way into 2006. Not enough reason to move.
DGM We have to respect the views of AffiliateMarketeer. Especially if he\she works in that sector. Even if he/she wants to hold back information. And even if he\she cannot spell what he/she does. Respect.
if anybody has got £200 that they regard as a waste of time, please send it to me. I don't mind that kind of timewasting.
DGM Thanks
DGM with a director holding 11% and Hambro 11%, does this make things easier for I-Spire in terms of doing a deal and make private investors less relevant? In other words, what do I-Spire need to do in terms of percentage?
DGM Agree with previous posts. Looking at the way I-Spire operate I can only see a bid coming. And I do not see them as an organisation to take an investment for any other reason than a T/O. From the little I have read I also believe that once that decision is taken, they are the type of company to get on with it. It'll be the Bahamas yet.
DGM Bognor it is then!!!
DGM Debbie that too is something I have been trying to understand. (as well as how the cushions go back on the sofa). Anyone explain? either!!!
DGM Really enjoy this message board. I like the way contributors work together on the analysis. I enjoyed watching IDD in the last week as well. I have searched under the cushions of the sofa and put all the booty in to DGM just for some fun. I don't have any additional views or information to offer, but I hope you don't mind others coming to the party.
GLA What was the biggest mistake in history? Well, IBM predicted PC sales would only total a quarter of a million so let the bespectacled geek run away with the operating system. I am sure other contributors can even better that one. But hey, both politically and financially, Russia selling Alaska to the Yanks. That must rate as the biggest and best by far. Northern Dynasty's pebble project with an inferred 42 million bleepin' ounces gold. Massive. Then the 24 billion pounds of copper. Big investments called for on this project. Several years away from production. Many potential pitfalls along the way, but as a hefty miner once said to me "size matters" Posting a no opinion at the moment because I cannot see any reason for change in the near to medium future. But with my track record for consistently getting it wrong........
CSR It is so easy to make money, just buy when I sell!!!! I sell to take my profit and then within hours the sp heads north. It is getting to be regular as clockwork just recently.
GLA fletch61 well now, that gives me something to do over the weekend. Is GLA a quality stock, or is it chasing dreams. Certainly looks interesting. And, I'll only have my 'self to blame'
COST Jixon, thanks for yours. I appreciate your stance for the long term and the more I research, the more I agree. Costain have an incredibly close relationship to their two main shareholders (board level) and have had for some time. I think this will in the end lead somewhere, but where I do not know. Perhaps employees (and ex) can provide an opinion of where the 2 main shareholders may go from here. Have a look at http://habc.com.my/details.php?id=19 where it says "UEM Builders' share of profit from Costain’s first-half earnings will be captured in the third quarter of 2004". I think I have seen these words reported elsewhere also. Share of profits certainly did not come from a dividend in 2004!!! Stable company, every indication for dividends, two very interested parties, I can't put my finger on it, but I just feel that at sometime, something is gonna happen. But for now I stay put purely for the quality. Yes, I am going to stick around for the long term. As always, I've only got my 'self to blame'
Comments from employees (and ex) are valuable and appreciated.
COST Jixon, what do you reckon the eps will be for 2005. On a simplistic calculation 2004 interim to 2004 full, then appied to the 2005 interim, I reckon eps will be approaching 5p for 2005. As the sp falls below 40 then the PE approaches 8 (from 10 end of last year). Now, just to suit my simple logic, imagine Costain were a house (and for purpose of demonstration, I will talk in terms of £ thousands instead of millions). So the imaginary house is valued at 140K. Would you buy it? Now just think, it generates a growing profit each year so that at current rates it would return all of your investment in 8 years. Now that's a good investment. And what's more future revenue is very promising, so there is less risk. OK. Now just think the house comes with a cash pile up to 60k. You'd have to be mad not to buy it. Same goes for Costain shares. I really don't understand why the value of a construction £ is so much less than £ generated elsewhere. Maybe I expect too much common sense from the market!!! Common sense says the more the share price falls, the more rediculous and attractive the PE becomes. I am a buyer, but then again, I only have my 'self to blame'
Jixon, I do concur. You see, there is nothing wrong with this company, and there is everything right with them. earnings, revenue, orders, and as for the historic and estimate PE there is everything to play for. They just seem so solid and sensible. I like that. Mind you, I don't think I'll ever get rich quick.
COST share price decrease looks like the iran effect. I am now going to bet that the west has not got the will to get in to a fight with Iran. Wouldn't be surprised to see Isreal take action, but that shouldn't impact on western companies. At this level, I am going to have a gamble.