Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm a tad more cautious than wolfhound but I have stuck through it see no reason not to continue to hold. On a three to four year basis I see these outperforming the general market
Picked up many hundreds of thousands of these last week as the DigiCert announcement hit the news. Dell confirmed their position this morning. I'm not sure many in this country understand IOT but it is here and here to stay and 2G, 3G and 4G don't bear comparison. Not seeing much in the way of viable competition.
Just picked up some of these in the MM shake this morning. DigiCert are a quality organisation and will have verified DA's capabilities prior to execution. I understand they have 115,000 customers not all of which will qualify for DA solution but a good many will. At these levels this is a steal.
Good timing of your purchase well done
Filled my boots with 10k more at 978
They will ultimately acquire and not for the 2 quid plus that might have been in their thoughts when their strategy to build a stake in TC started. It will be less than that I'm afraid but their silent creep towards a meaningful stake pre bid should underpin the share price
Hi NW The mkt is obsessed with the fact that Arm has an 85% mkt share in mobile and on one level is correct to think that mobile mkt is slowing down ie from 15/20% you growth to 6% in the next few years. The mkt therefore is cautious on the IOT market where there is a large Target Addressable Market albeit unproven and also unproven is how much ARM will participate. This simply provides opportunities for LTHs to spread bet or CFD whilst holding for the long term. They have a moat. Intels future is uncertain. Alphabet and Facebook are moving away from Intel towards Qualcomm which uses ARM architecture. Play the PEG game. It works
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzIyMzU3fENoaWxkSUQ9LTF8VHlwZT0z&t=1&cb=635905246401469415 These slides are worth a view for ARM enthusiasts. Attention should be paid to the Total Available Market by 2020 and what proposals ARM have to participate. Mouthwatering reading. There is no other company quite like this. NIGE, I trade these as well as a good holding in the ole SIPP. I'm. Giving thought to a trading strat where a swing trader can hit the B button around PEG 1,1x and close at 1,4x. These numbers have moved down from the high 1s to their current level and required resetting. Your thoughts are appreciated.
Sorry for later response. I understand it to be 11 March. This is a well run company in a benign environment on 6 years earnings !
There a quite a few org that make contrarian calls serving no other purpose than to accumulate. It stinks but it's true. GS do it a lot as well. As for this I see strong possibility of a run up to 940/950 as shorts close out but with quite a bit of resistance in that area. A leg down after that but by then 830/850 will have been tested many times
How can a share price be distressed on a P/E ratio of 30 please?
It's not really their core business is it......and at what point was it agreed ARM were distressed. They have nearly a billion in the bank.
A peg of 1.17 with a moat as wide as Arms is cheap. The only thing about 1.5 is that by "justifying " it at 1.5 one is saying that the share price should outperform earnings growth by 1.5 which over a sustained period of time takes some doing. Something has to give eventually. Personally I think IOT will be the next tidal wave and I'm pretty sure ARM will as per the first tech revolution be at the heart of it.
Nige, where you you get earnings per share growth of 66.9% from please? None of the financials I have looked through today confirm a figure such as yours. If you are going to get into a mips discussion that is fine but there are not two exchanges here there is one ( forget US listing just for now) and the market is taking a different approach to miss to you. It's playing a parallel universe game. As I see it eps went from 24 to 30.2p so the growth is 20% which is still good but it doesn't align to your figures. I understand your calculation method but not the 66% annual eps growth figure. All the best, steak
30.2p eps which was pretty much in line up just under 20% in gbp terms. The Evening Standard was at it again yesterday trashing the company but perhaps they might look to spend time on the numbers today
Yes but NIG isn't it the future growth that the market marks to, your sums stack up but for the fact that it is Dec 13 to Dec 15. Present a scenario where you look ahead comparing Dec 16 to Dec 15 assuming 30p eps and then there will be a level playing field debate. Until then you ate backfilling.
NIGE I have a couple of problems with your numbers For FY Dec 2014 you have 18p eps. ARM Plc statutory accounts for Dec 2014 state 24.12p based on £342.7m profit after tax Using that metric and acknowledging they are going to be Profit after tax of >£400m and circa 30p eps I see that as eps growth of c20% which when against a P/E ratio of 34 makes a peg of 1.70 ??
I'll be there if anyone is going?
...and that's without the bbc!
What we "are" agreed on is that as things stand ie tests on only 47 patients etc is that there is a limit to where the price can go pre commercialisation. I don't have problem with that notion at all. It's still got jam tomorrow smeared all over it. But if it does go commercial then there aren't many shares in issue and if they do make a few mill each yr and have growing markets I don't want it given away.