Member Info for Stoopid

At 63.17, with dealing costs that makes 63.55. So happy I got in before this takes off. Just from the figures I have been reading and now it would appear thay have kitchen sinked everything and cleaned up their accounting dealers will soon realise what value there is here and hopefully the SP will shoot back up to around 120. Lets face it, without the writedown and the goodwill for Cambridge then the results would have come in at the top end of analysts estimates. All xch need is a few good contract renewals and a few new wins like the Gatwick contract and it will soar. Current P/E of Logica = 14, Current P/E of xchanging without the one of write downs is 2.75 approx. Time will tell but i have a good feeling about this............

Dear Prof... I like your article below, very thoughtful and full of pertinent facts....... At current SP the market cap is £145 million ish, that makes a current P/E of about 2.5 if you strip out the one offs and goodwill on a profit of £55 million if my figures are correct. good upside to be had here i reckon once the restructuring gets underway and all the synergies across the business divisions come into play? Ta for your posts and any further thoughts to back up my own thinking would be welcome...... Wish i had bought in at 53.5 now :-(

Mullahed now, 52p live. Analysts have had a look now and UBS have downgraded to hold. Going forward will probably do very well, IF you can hold..... gonna try and get in sub 50p good upside from there I hope....

Well, £55 Million loss isnt quite what the market was expecting eh but without the write downs I still think that £55 million profit would have been at the lower end of expectations, yes?? But on the plus side looks like they aint gonna go the way of Connaught which has been the fear. Good cash generation, Turnover up (even if only slightly) Glad i didnt buy in yesterday as SP well already down on yesterdays highs 53.5 live. Could have further to fall as it would appear there is a lot of work to do on Cambridge and although they have put a flowery spin on it, seems like it was a disasterous aquisition that will dog the business for years to come. Lot of restructuring to do according the the RNS.............

Its rumoured that things are not as bad as they seem, contract renewals, new contract wins, they can now streamline the business with appropriate synergies and cost savings as the old CEO has gone, also gives them time to consolidate all their aquisitions and not scare the market with any more. I nearly bought in today at 56p because of the rumours I have been hearing but after reading the analysts reports and the press it made me pause for thought " what will i lose if the results are worse than thought?" Good luck though and wish i had the cash to lose so that I could have taken a punt........

The rumour is their order pipeline and business is very strong (long contracts, renewed contracts etc) and although profits are below expectations this is believed to be because they have taken a lot of one off writedowns and overpaid for the indian business. Now the CEO is gone they just need to sit tight after a period of rapid expansion and get cost synergies and streamline the business. Any thoughts?

So, Loads of articles in the press about the banks going to force TRX to sell? Also loads Anyone hazzard a guess at the price? Or could it be sold off piecemeal? http://business.guardian.co.uk/story/0,,2047088,00.html http://www.ft.com/cms/s/11736fa2-df25-11db-b5c9-000b5df10621,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F11736fa2-df25-11db-b5c9-000b5df10621.html&_i_referer=http%3A%2F%2Fsearch.ft.com%2Fsearch%3FqueryText%3Dtorex Any thoughts, anyone?

The recent 6 millionish shares that were being sold now appear to have gone, also there is a trading and CEO update expected very soon and I would expect that news of this has already leaked out in advance of any RNS. New contract wins are also expected to be announced as per Torex own website and also the fact that the year end figures are expected to be in line with expectations despite all the recent takeovers bodes very well. There is also speculation that hedge funds and private equity houses may be manipulating the price in order to stake build and some people on other boards are suggesting that Torex will be taken out very cheaply at 80-90p and possibly refloated at a higher price at a later date. 5 Brokers recomending a buy or outperform makes this a very intersting share. Im in from 40p and gonna stay in for a while. If they dont get taken out who knows where the SP might end up if all the new CEOs plans and expectations come to fruition.

I still think that this share could be destined for 80-120 on release of good news next year. The sp has already recovered to 54p with 5 of the 7 brokers quoting saying buy/outperform. Also, now that the major shareholders have gotten their pound of flesh buy ousting Chris Moore there may be more confidence in the board which should help SP to recover. I do agree that the £180 mil debt is a bit of a lead weight ;-D The big thing is could this company be a takeover target? As Davius notes the P/E is very low, this share even at 12 times earnings would give a price of around £1 -£1.20 DYOR

Lots of buys this morning then what would appear to be some profit takers selling around noon. I was lucky to buy in at 40p and will hold long term looking to see what positive changes there may be. Things look great IF the management can harness all the good points of their recent aquisition strategy. Possibly a return to the £0.80-£1.20 levels late next year? They even stated that the dividend will remain unchanged :D future prospects look good. DYOR though!

Hi all Hi Davius did u get in on this share? A friend of mine did at 36.5 I got in at 40. I believe if we have positive trading statements from TRX then this share will push up, possibly back to previous levels (80), as long as the boardroom rumours of mismanagement subside and prove (hopefully) to be unfounded. Trading at their current share price they would appear to be well undervalued and now he old CEO Chris Moore has been ousted maybe they can get down to running the company again. Lots of potential here as Davius GedW and Goldmember note but DYOR!

I dont get it with this company. All the analysts say outperform or buy suggesting that this company is a good buy yet this share is stilllanguishing in the 39-41 range, lots of buys too. What is going on?

Loads of early morning buys then lots of dumps, is this just a case of market makers pushing the price short term to make a quick buck???

But according to the AFX those talks ended mutually because Torex have about £130 mil in outstand debt?? Im still none the wiser :(

Am I missing something here? Share price still languishing down around 42-44 yet this company has produced a good set of interim results (sales up 150% and profits up 129%), EPS up, expanded its client base, strengthened its core business by purchasing wisley, good management team with what seems like a good business plan. Why is the SP so low? Am i missing something? HELP!