The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
And car dealership group Lookers shifted up a gear, adding 5-3/4 to 143-1/2, following the acquisition of rival Dutton Forshaw Group from Lloyds TSB Asset Finance Division for up to 60 mln stg. Following the deal, KBC Peel Hunt repeated its 'buy' stance and 250 pence target price. Dutton Forshaw will dilute earnings this year (timing) but the broker estimates it will enhance earnings by over 5 pct in 2008 and probably by 10 pct in 2009. The deal, KBC said, is attractively priced. In its view, the group is materially undervalued given the potential growth, strong cashflows and asset backing with around 200 mln stg of freehold/long leasehold property (about 80 pct of market cap and around 50 pct of EV). all the experts seem to agree that LOOK is undervalued.
I'm out too, though like you I suspect there still money to be made on these. If I had a decent amount in these Ive have just sold half, but I was in at 52p, so I thought I best take my profit.
are these still worth the 150p?
LONDON, October 3 (newratings.com) - Analysts at Panmure Gordon maintain their "buy" rating on Lookers Plc (ticker: LOOK-GBX), while reducing their estimates for the company. The target price has been raised to 193p. In a research note published this morning, the analysts mention that the company has purchased 31 outlets, functioning under the Dutton Foreshaw brand name, for up to £60 million, including debt. The deal is likely to be EPS accretive in the first full year of ownership, the analysts say. The deal improves the company’s exposure to the SE and NW and to Ford & Mercedes, Panmure Gordon adds. The EPS estimates for 2007 and 2008 have been reduced from 11.8p to 11.78p and from 13.0p to 12.96p, respectively.
you have to wonder why Majedie have sold today with a possible takeover in the offering? I assume this is why the sp has dropped? I assumed with RAB buying and the takeover rumours that this would be a sound punt. now I just don't know.
ooh I hope so ! that broker rating is a bit old now, even so I see no reason it isn't valid unless theres news I haven't heard. I believe this sp has some way to go, I'm personally hping for 130 minimum. I am assuming the recent drop is a bit of understandable profit taking after the recent dramatic hike.
The Company was informed today that as a result of recent share purchases, RAB Special Situations (Master) Fund Ltd through Credit Suisse Client Nominees (UK) Limited currently hold 29,020,524 ordinary shares of 0.15p in the Company representing 8.30 per cent of the Company's issued share capital. I was looking at SUB and RAB jumped in, now this ! Looks like someones confident these shares may be on the up shortly
This was in The Times online today Absolute Capital Management, the fund manager hit by the departure of co-founder Florian Homm, jumped 12p to 83½p after it emerged that former owners of the Cyprus-based Argo bond fund, which merged with Absolute in January, had increased their stake to 10.2 per cent.
well personally I can't really see why it would drop again, unless theres some bad news etc. apart from i guess a smallish drop due to profit taking perhaps? i'm hoping for a slow steady clime now, but to where is the big question.
good news at last. I've had these foe eons, and they haven't budged an inch. It seems like people like changing gears!
so you think I'm a risk taker huh? unfortunately so true. i've invested in Torotrak - infinitely variable gearbox, medisys- retractable syringe, etc etc funny how I've only ever made money out of the most boring stocks and an od guess like Absolute Capital. however, this company certainly looks interesting. immunotherapy for cancer !? Koi carp vacine eh ? :)
well I was in early, so I shouldn't be a greedy git, I should sell now. If I wasn't trying to recover my NRK losses, I might have done today. However, looking at the details, I simply cannot see any good reason why these shares shouldn't be worth much more than present. Of course, the golden boys left in a cloud, some odd happenings, redemptions etc, but it appears only 4 of 10 funds are affected by the liquidity problems etc. so if we write off 40% of the company, add some losses for loss of investor confidence etc and say this company is only worth 1/3 of the value of 400 that they were before the recent fiasco, that gives 133p. I would think that this was a worse case scenario , but its all guesswork. I have set my personal target at the 133p and I'm sticking it out. But I wish it wasn't all guesswork. Fortune favours the brave? Or will I be kicking myself?
LONDON (Thomson Financial) - SubSea Resources PLC said shareholder RAB Special Situations Master Fund Ltd bought 10 mln shares, raising its indirect stake to 29.74 pct in the company. mmmm, somone thinks these shares are a long term investment. RAB aren't mugs.
according to The Times today his nickname, somewhat inaccurately, was 'Herman the German'. also described as volatile and flamboyant previously, possibly these are polite terms for 'nuts' ! probably he's just a genius ! I'm glad to see these shares have steadied out a bit after the drop which presumably was (understandably) profit taking. the recent news about the NAV and redemption freezes haven't been taken too badly. I'm still waiting to be better advised, but these still look undervalued to me.
I sure hope so. I been reading loads about this company etc, and I can't see why they are not worth £1.50 minimum medium term. but I'm guessing. (Now £4 is a wet dream and Ive stopped having them! :) But it strikes me that this sudden drop due to our man Homm - this drop from £4 to 50p is more dramatic than Northern Rock's, but its not a big news event obviously, so no huge attention to it. I personally think newbie investors would be better off looking at this rather than NRK. This company isn't in danger of going bust (as far as I know) or taken over. Theres been odd happenings for sure, hence the dramatic sp fall, but I would have thought its a good place for a punt at the moment. Anyone out there better informed, plse let me know!
these shares are actually 1.1 Dollars, not pence. So these listed trades are incorrect, and its a real pain to add them to your portfolio too ! site admin need to do some work here. I also noticed shares in Euros also a pain.
well I'm hoping the drop is profit taking, which I must admit I wish I had done now. but you would think this company ought to be worth £1.50 ? I'm goin to stick it out medium term and hope for the best. Its a somewhat odd one to be invested in unfortunately.
apparently, yeah!
So let me see if I got this right, 1 month ago our man Homm's holding was worth 120 million squids. He now has a holding of 1.7m and transactions have raised 3.5m. I wonder if his wifes worth more than him now or has he a few bobb squirelled away. Anyway, doesn't seem the work of a genius to me. Why did he sell his stock at 35p to his rival who he had fallen out with? Either - 1) the bullet in his spine has caused so much pain that he's gone loopy 2) the bullets actually not in his spine as reported, but actually lodged in his brain 3) its all a fiendish plot !