Member Info for Skeletor

Also, why has the RNS not appeared on here? Or at least I can’t see it. Had to google search to find it.....

Hmmmm, dividend growth slowing down (interim suggested a 25% increase). Basic EPS decreased although adjusted eps is up but sooner or later they need to stop adjusting this as it is no longer “after exceptionals” if you have exceptionals each and every year. I am not sure where they get their debt to EBITDA ratio from. I assume just current borrowings as opposed to non current.

All in all I would suggest there is enough in there for the bulls to remain bullish and the shortest to continue shorting....

In light of the most recent more cautious statement from Mtro does anyone have a link or information on the latest forecasts for growth over the next 2-3 years? I found a very bullish one but think it was from pre the results.

Cheers

Any thoughts??

Any thoughts??

To try an look at profit is worthless at this stage. This is the equivalent of an oil company at the moment who have had some promising results in locating oil but are yet to produce any barrels.

You are definitely right to voice that it may all come to nothing as this is definitely one possible scenario. However, if it comes to something then share price will be significantly greater than 15p.

It is a gamble and i won't be investing any more than I am comfortable losing (circa 2.5% of my portfolio max) but am definitely watching this share with interest.

All my own opinion of course.

So taking sentiment out of the picture for 1 minute and looking at fundamentals I have calculated the following:

at 40p EPS the P/E is now at 24

The dilution of an additional £350m into a M/cap of £930m assuming RI is at market price takes the EPS to 29p giving a new P/E of 33.

The £350m is not to generate more profit as I understand, it is merely to act as a buffer to meet FCA regulations so we can't attribute a greater EPS because of the influx of capital.

There was a EPS growth of 110% this year and taking that gives a PEG of 0.3.

The PEG is obviously debatable whether you believe the rate of growth to remain at 100% but to have a PEG of 0.75 you would need growth to be at 43%...?

In summary, sentiment aside, the decision to buy here very much depends on where you believe the growth estimates to lie.... Personally I would say anything above 50% per annum would make this a buy but if significantly lower then the growth is already in the sp even at this bombed out price.

Finally having made your decisions or found some analysts forecasts which you trust I think you then need to factor in a discount for poor sentiment. whether that be 0p or in Smarties case 400p! is up to you....

Personally, if this opens much lower tomorrow, i could be tempted with a low investment but just because this used to be £40 does not make it a bargain.

Don't know why you think this is "cheap" Nuri?

P/E of 14 barely scrapes into the value category and there are plenty of other companies out there with a lower P/E but much healthier balance sheets.

For a very small holding

I keep hovering over the sell button but something keeps telling me that given the rise in the FTSE over the last 2 months might Jupiter surprise us with an increase in funds under management.... I assume the weak markest in second half of last year was the reason for the fall so might the strengthening of the FTSE through Jan and Feb helped reverse this trend or will people still have held off due to brexit?

I hadn't followed the Shorts but that is interesting although noticeably this has not created a decline in the share price which has remained fairly stable over the last month. I guess there have been sufficient buyers for the shares shorted?

Opened pretty high this morning then sharply fell... wonder why? Still on the fence here. Had something similar with Playtech last week when shares went to 350p day before results. I ended up not buying, they are now at 420p.

By tomorrow I clearly mean Friday.

Was tempted to sell this today as not expecting a positive update tomorrow and can see shares falling lower. The lack of debt and incredible yield still makes this a good investment in my opinion but could these be bought back at a 5-10% discount tomorrow morning?

So pretty much in line with January’s trading statement although I would say slightly more bullish about 2019 than previous which should help SP today. We wait to see if today’s news was priced in to yesterday’s rise or if there is more to come..... I certainly don’t expect a fall but you never know.... AIMO

That’s funny. No sooner had I posted that than I went to the Metro bank BB and saw they just issued their trading results at 17.20..... think it’s a f@(k up but still nice to have some bedtime reading!

I think all RNS should come out at this time. So much more pleasant having the evening to read them...

Why is it always 7am for results? It occurs to me that 4.35pm would be far more preferable. Plenty of time to digest and make decisions, set up limit orders etc....

Any thoughts on the debt? Or am I hugely misunderstanding the key financials?

Moniman why? If I owned this business I wouldn't want it to keep paying me more than it could afford. I'd much prefer it to pay me a decent amount and at the same time reduce debt to a more palatable ratio of earnings.

I am actually waiting for VOD to reduce Divi. It would become a weak buy for me if Divi got cut to say 8p with EPS of say 10p+. This would become a strong buy if then the SP fell in response to this... IMO